Orse racing is an ancient sport with a rich history dating back thousands of years. As long as horses have been domesticated, folks have been rushing them. The tradition continues today, with important horse racing events held regularly around the globe.
In the USA in particular, you can find horse racing tracks in the majority of states. And of course, where there’s competition, there will be individuals betting on the result. Up till recently, all horse racing gambling happened in the track. The world wide web has changed everything and people can just as easily place real money wagers online.
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One of the pleasant things about internet horse racing is that you can bet on races which happen across the nation. If you reside on the West Coast and want to wager on a race that is happening on the East Coast, there is no issue. Internet gaming brings the action for you.
The best aspect of all is the fact that it’s all legal. Most nations in the united states permit online horse race gambling. So as long as you don’t live in one of the few restricted states, you are able to bet to your heart’s content. You can even watch the races live on your own personal computer and see how the stakes pan out in real time.
Of the racebook websites listed on this page, all function in accordance with the law in the USA. You don’t need to see offshore gambling sites to wager on horses. Sites we recommend are all licensed and controlled to conduct business in the united states.
The Legality of Online Horse Racing
Online horse racing gambling is legal in most states in the USA. Horse and greyhound racing received specific exemptions from anti-gambling prohibition that was passed at the national level in 2006.
A couple of countries have chosen from online horse betting, but most Americans are free to bet on horses all they want. You can see the graph below to get a listing states that let online horse gambling, and those that DO NOT allow online wagering. If you reside in one of those countries, you’ll have to visit a track in person, or use a licensed off track centre. Everyone else is welcome to join up and wager at licensed and controlled online racebooks.
Why is online horse racing betting legal in the USA?
Online gambling law is murky and convoluted, but the general arrangement is that most forms of gambling, betting and poker are outlawed. The Wire Act of 1961 was used as the foundation for anti-gambling enforcement, and the UIGEA of 2006 further reinforced that line of thought.
Horse racing in particular has receive two notable exceptions in national law. First was the Interstate Horseracing Act of 1978 (IHA). Even though the IHA was written well before the arrival of the internet, it’s played an instrumental part in providing us valid online horse racing betting today.
Simply speaking, the IHA made it lawful to put interstate wagers on horse races as long as such betting is allowed in both states. This piece of legislation is the reason off-track betting parlors (OTBs) situated in 1 state may accept wagers on races occurring at another nation. Back when the IHA was composed, it had been with OTBs in your mind.
Legislators updated the Interstate Horseracing Act in 2000 using a slight change to the definition of an”interstate off-track wager” to include the words”or other electronic media.” This opened the door for authorized online horse racing betting.
The second major exemption for horse racing arrived in 2006. That year, Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in a bid to crack down on illegal online gaming. The UIGEA basically made it illegal to allow banks and other financial issues to conduct business with offshore gambling websites. This didn’t technically make it illegal to citizens to place bets online, but it instead made it very hard to move money to and from gambling websites.
But, horse and greyhound racing received specific exemptions in the UIGEA. It ended up being a small controversy at the moment, but many senators were able to make sure carve-outs for racing gambling. This setup the framework for the system we have now: legal online horse betting.
The only catch is that the person states have been given the choice to”opt out” of online horse racing. Several nations took that path and the citizens of those states aren’t permitted to join or place wagers at horse betting sites. The fantastic thing is that just a few states made a decision to determine.
How Horse Racing Betting Works
This is your primer manual for actually placing bets on horse races. The bets outlined below could be placed both on site and on the internet. The very best way to get started would be to test out a number of the basic bets . As you become familiar with how it works, it is possible to advance up to more complicated wagers.
Before we enter each type of wager, I’d like to give you a general overview of the way the betting system works with horses. Horse wagering is classified as a form of”parimutuel wagering.” This is a bit different than sports betting, so read closely if you are new to horse gambling.
In parimutuel betting, all bets on a specific race are pooled together. The racetrack then sets aside a proportion of the pool to maintain for its income and operating expenses. This is known as the”vig.” This system ensures that the racetrack gets its money regardless of the outcome.
The percentage taken out of the pool fluctuates depending on the track and variety of bet set. Generally, you can expect to observe a vig of anywhere from 15% to 30 percent.
After the vig is taken out, the rest of the cash from the swimming pool is used to cover the winners out. The payouts in a horse race shift constantly up before the beginning of the race. As fresh wagers are collected, the offered payouts change into account for the new betting action.
That is why preferred horses provide lower premiums. More people tend to bet on the favorite, therefore when the favorite wins, the section of the pool assigned to this horse has to be split up among more people. When a longshot horse wins, there are inclined to be fewer people backing that horse, so each individual accumulates additional winnings.
Types of Bets
There are all kinds of different bets which can be placed on a single race. The rule of thumb is that the harder the bet will be to win, the higher it pays. For example, a right bet on a single horse to win pays pretty well, but a bet on exactly the finishing order of the top 3 horses pays much better.
Here are the most Frequent types of horse bets:
There are 3 distinct kinds of straight bets. These wagers are fairly straightforward and behave as a great starting point for newbies.
Win: This is a wager on a single horse to take 1st Location Place: A wager on a single horse to take either 1st or 2nd place Show: A wager on a single location to take 1st, 2nd or 3rd Location Exotic Bets
Exotic bets are more complicated than straight bets. Within an exotic bet, you make multiple selections which include more than one horse and perhaps more than 1 race.
Exacta: A bet on two horses to take 1st and 2nd place. Your horses must finish in that Specific order to acquire Quinella: A bet on two horses to take 1st and 2nd but the order doesn’t matter
Trifecta: A bet on three horses to take 1st, 2nd and 3rd place in that exact order Superfecta: A wager on four horses to take 1st, 2nd, 3rd and 4th place in that exact sequence Daily Double: A wager in which you pick the 1st place finishers of two different races
Select 3: A bet where you pick the 1st place finishers of three consecutive races
Select 4: A wager in which you pick the 1st place finishers of four consecutive races Boxing Horses
Boxing comes in handy once you understand a few horses are strong favorites, but aren’t sure which order they will finish. You are able to”box” these horses to cover every possibility.
Quinella Box: You select three horses and you’ll win if any two of these horses finish in 1st and 2nd location. A quinella box on horses #3, #4 and #5 will cover all possible outcomes: 3-4, 3-5, 4-3, 4-5, 5-3 and 5-4.
You can also box exactas, trifectas and superfectas this way.
It is possible to key horses when you’ve got a strong feeling that one horse will finish first but you are not as certain about the horses that can take 2nd and 3rd place. To put it differently, you have one”key” horse chose to win the race along with some other horses which will come in later that one.
So let us say you make a $1 trifecta key of #1 on #2, #3 and #4. In this case, you need the #1 horse to win, and then any of those other three horses to finish in 2nd and 3rd place in no specific order.
Now you have a grip on the fundamentals of horse betting, you are able to apply that knowledge to betting on the internet. In practice, it’s basically the exact same idea. The sole difference is that instead of talking to a cashier in the racetrack, you choose your wagers onscreen using your mouse and keyboard.
1. Create and Fund Your Betting Account
The first thing you are going to need to do to wager on the internet is register for an account at a legal horse racing site (visit my three picks close to the top of the page). All you have to do is visit the race gambling site of your choice, click one of the big”join now” buttons and complete the new account form. It needs to be pretty self-explanatory.
The next step is to fund your account. You do this by logging in to your account in your gambling site and then hitting the”deposit” link in your account area. In case you’ve not created a deposit before, you’re likely going to receive a pop-up asking you to deposit.
Then, you can choose from a number of deposit methods:
Credit cards and debit cards
Check or money order
Green Dot Moneypak
Notice: The Green Dot Moneypak is a form of prepaid coupon that you are able to buy at stores like Wal Mart and Walgreens. You pay money for your own Moneypak and then redeem that Moneypak on line by typing in the unique number on the back of the card. Essentially, it’s a simple way to finance your account with money.
2. Place Your Bets
After you have an account funded with cash, you can start putting your wagers. Click on the”bet now” button, which will take you to a region which shows a list of all of the tracks supported by your gambling site. Click the title of a monitor and then you’ll see a list of upcoming races and the horses competing in every race.
Every gambling site does it somewhat differently but in general, you will find a display that allows you to select your bet amount, the type of wager and the horses which will be competing. As you make your choices, you need to observe a little slip that shows a summary of your current bet. You’ll also have the option to box and secret that your horses at this moment.
When you think you’ve got your wager all set up, you’ll see a”verify” or”submit” button near the bet summary box. Hit that button and then it will ask you one more time if you are sure that this is the bet you would like to place. If everything looks good, click the validate button and your bet will probably go live.
After you submit your wager, you can go back and place more wagers, watch the race live on the site or go about your day as usual. The site will track your bet and pay your winnings if appropriate. If any of your wagers are winners, the gambling site will instantly credit your account with the cash. You can then cash your winnings out or use them to put more wagers.
The best horse gambling sites compete heavily with one another for your enterprise. All of them know it will not take much effort whatsoever for a client to switch to a rival. Thus, all of them offer their own rewards programs and promotions in an attempt to boost customer loyalty.
You won’t go wrong with some of those horse betting websites on this page, but you may want to check out their promotions to see which ones seem the right for you. Here’s a look at what each gaming website must offer:
Right off the bat, BetAmerica provides all new clients a 100% match deposit bonus worth up to $300. It follows that any amount you deposit will be doubled up to $300 in extra money. The bonus money is published at a speed equivalent to 10% of each bet you place at BetAmerica.
BetAmerica additionally allows players to create their own gaming tournaments. This is a exceptional idea in which you can create your own handicapping tournament where you define the buyin, required deposit, wager types, payouts and date. You can then invite your friends or let anyone connect. BetAmerica also chooses one tournament weekly and guarantees at least $250 in prizes for free.
On chosen”bonus tracks,” BetAmerica provides 3% cashback on all wagers, with no maximum cashback figures. You might even refer friends to BetAmerica and receive $50 if your friends sign up and make a deposit.
TwinSpires requires a slightly different approach with its promos. Instead of focusing on long-term promos that rarely change, TwinSpires always releases fresh, short-term promotions. All these promos revolve around special betting events in which you can make more loyalty points and receive payout bonuses for placing bets on big racing events.
Player points are summed up at TwinSpires by placing wagers and engaging in the frequent promos mentioned above. You can redeem these points for wagering credits, gifts from Brisnet.com and also for free entrance to racetracks.
Furthermore, new clients are welcomed to TwinSpires with a $100 signup bonus. This bonus is granted if you sign up, make an electronic banking deposit and wager at least $500 during your first month. Meet those requirements and you’ll get $100 added to your gambling account.
TVG is somewhat weak on the promotions side, but it does offer a few perks to customers. All new players qualify for a 150 signup bonus that’s released in $50 increments right to the real money account. For the first 3 months, you’ll receive $50 added to your balance should you bet at least $250 in any single month.
TVG also has a continuing promotion where you get 1 point for every dollar wagered. Over time, you may collect these points and will eventually redeem them for money rewards and Skymall present certificates. The rate of yield is a bit on the low side, but it does come in handy after a couple of months of heavy betting.
Major Horse Racing Events
People today gamble money on horses year-round, but a big portion of betting action revolves around big horse racing events.
The Triple Crown
The Triple Crown of Thoroughbred Racing (Triple Crown for short) is a pair of three different races. This is the biggest racing event of them all and it is restricted specifically to 3-year-old horses. This makes it a once-in-a-lifetime occasion for every racehorse.
The pinnacle of horse racing glory would be to win all three occasions in the Triple Crown. It is exceedingly tough to win a Triple Crown since each race is of a different length, and horses typically fare better in some lengths than in the others. Add to the fact which each and every horse only gets one opportunity ever to triumph, and you may imagine it doesn’t happen often. In the USA, only 11 horses have earned Triple Crown glory.
And just to clarify something — the expression”Triple Crown” means different things in various countries. Every horse racing nation has its Triple Crown series of occasions. So if you overhear someone talking about the Triple Crown and they mention that the Epsom Derby, that individual is talking about the UK’s version.
The three events that make up the Triple Crown in the United States are:
When: First Saturday in May
Where: Louisville, Kentucky
Length: 1.25 miles
The first event in the show, the Kentucky Derby, is the single most celebrated event in most of horse racing. It is held at Churchill Downs annually since 1875 and even non-horse racing fans dress up in flashy clothes and outlandish hats to celebrate. Even in the event that you can not make it to Churchill Downs, the chances are you can get a Kentucky Derby party in your own city.
When: Third Saturday in May
Where: Baltimore, Maryland
Length: 9.5 furlongs (1 and 3/16ths miles)
Following the Kentucky Derby comes the Preakness. This one does not draw much of a crowd because the Kentucky Derby, but it’s still a huge event in its own right. This is also where you’ll begin to find some of the drama that accompanies the chance of a Triple Crown. All eyes are on the winner of the Kentucky Derby.
After: Three months after the Preakness
Where: Elmont, New York
Length: 1.5 miles
And the last leg of the Triple Crown is that the Belmont Stakes. At 1.5 miles long, this is the longest race in the series. This one is conducted three weeks after the Preakness and positions somewhere in the top 5 with regard to attendance and viewership. However, this race becomes the largest of them whenever there’s a horse which has taken 1st in the Kentucky Derby and Preakness Stakes, providing that horse a shot in the coveted Triple Crown title.
The Kentucky Oaks is held on the Friday prior to the Kentucky Derby each year at the same racetrack in Louisville. The Kentucky Oaks is a very common race which regularly attracts a crowd of 100,000. The winner gets a $600,000 purse and the famous garland of lilies called the Lilies for the Fillies.
The Breeders’ Cup is a series of 14 races held across one weekend every November. This event is generally held in a different track in the USA each year. It’s among those most-watched events in horse racing, with over $25,000,000 in prize money up for grabs.
The largest event in the Breeders’ Cup is the Breeders’ Cup Classic, which is a 1.25 mile race worth $5,000,000. The smallest event in the series is currently worth $500,000; every other event is worth $1 million or more.
The Travers Stakes is the oldest thoroughbred racing event in the USA and is currently 1.25 kilometers in length. The race is open to 3-year-olds only and contains a handbag worth $1,000,000. Only 1 horse in history (Whirlaway in 1941) has ever taken the Triple Crown and the Travers Stakes.
Big Players in the Industry
This section will cover a number of the big players in the US horse racing industry. More specifically, we will discuss some of the major betting websites and explain how they fit into the large picture.
TVG and Betfair
TVG is short for the”Television Games Network” and it is a television network dedicated solely to horse racing. It started broadcasting in 1999 and has become the largest horse racing community in the United States. TVG also facilitates offtrack betting through the world wide web, telephone and sometimes even via boxtop sets in your tv.
The television part of TVG shows live horse races, investigations, betting tips and other programs that cover the wide topic of horse racing. TVG also functions a US-based site that it is possible to visit to watch live races and place wagers in your computer.
In 2009, TVG was bought by Betfair, a UK-based gaming site based in 2004. Betfair is best known for its exchange-style betting system in which people can buy and sell”shares” in places on sports bets. This way, gambling at Betfair is similar to trading options.
Betfair does not do business with clients in the United States, but it keeps TVG residing as a separate thing. You probably won’t see any references to Betfair when you see TVG, but Betfair does possess the provider.
TwinSpires is a US-based horse gaming site owned and operated by Churchill Downs. TwinSpires is open to customers from the United States and provides betting options on paths across the country. It’s a free-to-use service that offers a vast selection of wagers, live races and signup bonuses to get new customers.
TwinSpires is one of the largest horse racing gambling sites and includes a clean track record. If you decide to wager here, you’ll be in good hands. The company is licensed to take and handle real money betting in the united states.
BetAmerica.com is your youngest horse racing bet site but it has grown rapidly and now functions as a significant player in the online gaming marketplace. BetAmerica is licensed by the North Dakota Racing Commission and accepts wagers from customers in many US states.
Similar to the other race betting websites on this webpage, BetAmerica delivers a variety of racing wagers, live streaming video and simulcast options for all members free of charge. Why is BetAmerica unique is that it provides online greyhound betting along with its horse racing choices.
Online Horse Racing Gambling in a Declining Industry
Major horse racing events draw impressive crowds to the day, but the game as a whole has undergone a slow, steady decrease over the last couple of decades. Betting manage is down considerably since the 1970s and lots of horse racing tracks are suffering financially.
You can point to a variety of reasons for the decline. Americans have more gambling options, other sports have increased in popularity, it is a lot easier to sit and watch TV and so on. Today, you can find the public to tune into the Kentucky Derby, but other races tend to be the domain of serious horse racing lovers.
Racetracks first looked into incorporating other gambling games to their premises as a way to bump up earnings. We can see this with state legislatures eventually opening to the concept of ontrack slot machines. The paths that have managed to add slots have benefitted significantly from the new earnings.
Likewise, tracks are based more and more on off-track gambling — especially internet betting. The horse racing sector still holds substantial clout in politics, and that is most likely one reason why horse racing obtained a carve-out in the UIGEA in 2006.
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