Orse racing is an ancient game with a rich history dating back thousands of years. As long as horses have been domesticated, folks have been racing them. The tradition continues today, with important horse racing events held regularly around the world.
In the United States in particular, it is possible to find horse racing tracks in the majority of states. And of course, where there’s competition, there’ll be individuals betting on the outcome. Up till recently, all horse racing betting took place at the monitor. 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 nice things about online horse racing is that you can bet on races which take place around the nation. If you live on the West Coast and need to bet on a race that’s taking place on the East Coast, there is no problem. Internet betting brings the action for you.
The best aspect of all is that it is all legal. Most nations in the USA permit online horse race betting. So as long as you don’t reside in one of those few restricted states, you are able to bet to your heart’s content. You can even watch the races live in your own computer and see how your bets pan out in real time.
Of the racebook sites listed on the page, all function in accordance with the law in the United States. You don’t have to visit offshore gambling sites to bet on horses. Sites we recommend are all licensed and controlled to do business in the US.
The Legality of Online Horse Racing
Online horse racing betting is legal in most states at the United States. Horse and greyhound racing received specific exemptions from anti-gambling prohibition that has been passed at the national level in 2006.
A couple of states have chosen out of online horse gambling, but most Americans are free to wager on horses they all desire. You’re able to see the chart below for a listing states that let online horse betting, and those that DO NOT allow online wagering. If you reside in one of these countries, you’ll need to visit a track in person, or use an approved off track centre. Everyone else is welcome to join up and wager at licensed and regulated online racebooks.
Why is online horse racing gambling legal in the United States?
Online gambling law is murky and convoluted, but the general arrangement is that most forms of gambling, betting and gambling are outlawed. The Wire Act of 1961 was used as the basis for anti-gambling enforcement, and the UIGEA of 2006 farther strengthened that line of thought.
Horse racing particularly has got two notable exceptions in federal law. First was the Interstate Horseracing Act of 1978 (IHA). Although the IHA was composed well before the advent of the world wide web, it’s played an instrumental role in providing us valid online horse racing gambling today.
In short, the IHA made it lawful to place interstate wagers on horse races as long as such betting is allowed in both states. This piece of legislation is why off-track betting parlors (OTBs) situated in 1 state may accept wagers on races taking place at a different state. Back after the IHA was composed, it was with OTBs in your mind.
Legislators upgraded the Interstate Horseracing Act in 2000 with a minor change to the definition of an”interstate off-track wager” to incorporate the words”or other digital media.” This opened up the door for authorized online horse racing betting.
The second significant exemption for horse racing came in 2006. That year, Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in an effort to crack down on illegal online gaming. The UIGEA essentially made it illegal for banks and other financial issues to conduct business with offshore gambling sites. This did not technically make it illegal for citizens to put bets on the internet, but it instead made it rather difficult to transfer money to and from gambling websites.
However, horse and greyhound racing obtained specific exemptions in the UIGEA. It was a bit of a controversy at the moment, but many senators managed to make sure carve-outs for racing gambling. This setup the framework for the system we have now: legal online horse gambling.
The only catch is that the individual states have been given the option to”opt out” of online horse racing. Several nations took that path and also the citizens of these states aren’t permitted to combine or place wagers at horse gambling websites. The fantastic thing is that just a few states decided to determine.
The Way Horse Racing Betting Works
This is the primer manual for actually placing bets on horse races. The bets outlined below can be placed both in-person and online. The best way to begin would be to test out some of the fundamental bets . As you become familiar with how it works, it is possible to progress up to more complicated wagers.
Before we enter every type of wager, I’d love to give you a general overview of the way the gambling system works with horses. Horse wagering is classified as a kind of”parimutuel wagering.” This is a bit different than sports gambling, so read carefully if you’re new to horse betting.
In parimutuel betting, all bets on a specific race are pooled together. The racetrack subsequently sets aside a percentage of the pool to keep for its income and operating expenses. This is called the”vig.” This system makes sure that the racetrack earns its cash regardless of the outcome.
The percentage taken out of the pool varies depending on the path and type of bet placed. Usually, you can expect to see a vig of anywhere from 15% to 30 percent.
Following the vig is taken out, the rest of the cash in the swimming pool is used to pay out the winners. The payouts at a horse race shift constantly up before the start of the race. As new wagers are collected, the provided payouts change into account for the newest gambling action.
This is why preferred horses provide lower payouts. More people tend to bet on the favorite, therefore when the preferred wins, the portion of the pool assigned to that horse needs to be divided among more individuals. If a longshot horse wins, there tend to be fewer individuals backing that horse, therefore each individual collects more winnings.
Types of Bets
There are all types of different bets that can be put on a single race. The rule of thumb is the harder the wager is to win, the greater it pays. By way of example, a straight bet on a single horse to acquire pays fairly well, however a wager on the exact finishing order of the top 3 horses pays much better.
Here are the most common types of horse bets:
There are 3 different types of bets that are straight. These wagers are fairly straightforward and act 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 shoot either 1st or 2nd place Prove: A wager on a single location to take 1st, 2nd or 3rd Location Exotic Bets
Exotic bets are somewhat more complex than straight bets. Within an exotic wager, you make multiple picks that include more than one horse and maybe 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 Specific sequence Superfecta: A wager on four horses to take 1st, 2nd, 3rd and 4th place in that Specific sequence Daily Double: A bet in which you pick the 1st place finishers of two Distinct races
Pick 3: A wager where you pick the 1st place finishers of three successive races
Select 4: A wager where you pick the 1st place finishers of four consecutive races Boxing Horses
Boxing is useful when you know that a few horses are solid favorites, but are not sure which order they’ll finish. You are able to”box” these horses to cover every possibility.
Quinella Box: You pick three horses and you will win if any two of those horses finish in 1st and 2nd location. A quinella box horses #3, #4 and #5 would cover all possible results: 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 have a strong feeling that one horse will finish first but you are not as sure about the horses that can take 2nd and 3rd location. In other words, you’ve got one”key” horse picked to win the race and a few other horses that will come in later that one.
So let us say you make a $1 trifecta key of #1 over #2, #3 and #4. In this example, you need the #1 horse to win, and then any of the other three horses to finish in 2nd and 3rd set in no specific order.
Now you have a grip on the fundamentals of horse betting, you can apply that knowledge to betting online. In practice, it is essentially the same idea. The only difference is that rather than speaking to a cashier in the racetrack, you select your wagers onscreen using your mouse and keyboard.
1. Produce and Fund Your Betting Account
The very first thing you are going to have to do to bet on the internet is sign up for an account in a legal horse racing site (see my three selections close to the top of the page). All you have to do is see the race gambling site of your selection, click a few of those large”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 that by logging into your account in your gambling site and then hitting the”deposit” link on your account area. In case you’ve not made a deposit before, you’ll probably receive a pop-up asking you to deposit.
Then, you can Pick 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 type of prepaid coupon that you can purchase at stores like Wal Mart and Walgreens. You pay cash for your own Moneypak and redeem that Moneypak on line by typing from the unique number on the back of the card. Essentially, it’s an easy way to finance your account with money.
2. Place Your Bets
As soon as you have an account financed with money, you should start placing your wagers. Click on the”bet today” button and this will take you to a region which shows a listing of all of the monitors supported by your gambling site. Click the title of a monitor and you’ll see a list of upcoming races along with the horses competing in each race.
Every gambling site does it somewhat differently but in general, you will see a display that allows you to select your wager amount, the sort of bet and the horses that are going to be competing. As you make your choices, you should observe a little slip that reveals a summary of your current bet. You will also have the option to box and secret that your horses at this time.
When you think you’ve got your bet all setup, you’ll see a”confirm” or”submit” button near the bet outline box. Hit that button and it will ask you one more time if you are convinced this is the bet you would like to place. If everything looks good, click the confirm button and your bet will probably go live.
When 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 website will track your wager and pay out your winnings if appropriate. If any one of your wagers are winners, then the gambling site will immediately credit your account with the money. You may then cash your winnings out or utilize them to place more wagers.
The best horse gambling sites compete heavily with one another for your enterprise. All of them know it will not require much effort whatsoever for a customer to switch to a rival. Thus, all of them offer their own benefits promotions and programs in an attempt to boost customer loyalty.
You won’t go wrong with any of the 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 every betting site has to offer:
Right off the bat, BetAmerica provides all new customers a 100% match deposit bonus worth up to $300. This means that any amount you deposit will be doubled for up to $300 in extra money. The bonus cash is released at a rate equal to 10 percent of each wager you place at BetAmerica.
BetAmerica additionally allows players to create their own gaming tournaments. This is a unique idea in which you’ll be able to create your own handicapping championship where you define the buyin, demanded deposit, bet types, date and payouts. You can then invite your friends or let anyone join. BetAmerica also chooses one tournament every week and guarantees at least $250 in prizes at no cost.
On chosen”bonus tracks,” BetAmerica provides 3% cashback on all wagers, with no maximum cashback amounts. You might even refer friends to BetAmerica and receive $50 when your friends sign up and make a deposit.
TwinSpires takes a slightly different approach using its promos. Instead of focusing on long-term promos that seldom change, TwinSpires constantly releases new, short-term promotions. All these promos revolve around specific betting events in which you are able to make more loyalty points and receive payout bonuses for placing bets on big racing events.
Player points are summed up in TwinSpires by placing wagers and engaging in the frequent promos mentioned previously. You can redeem those points for wagering credits, gifts from Brisnet.com and also for free entry to racetracks.
Additionally, new customers are welcomed to TwinSpires using a $100 signup bonus. This bonus is granted when 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 betting 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 directly to the actual money account. For your first three months, you will get $50 added to your balance if you wager at least $250 in any specific month.
TVG also has a continuing advertising in which you get 1 point for every dollar wagered. As time passes, you will collect these points and will eventually redeem them for money rewards and Skymall present certificates. The rate of yield is a little on the low side, however, 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 huge part of gambling action revolves around big horse racing events.
The Triple Crown
The Triple Crown of Thoroughbred Racing (Triple Crown for short) is a set of three unique races. This really is the biggest racing event of them all and it is restricted specifically to 3-year-old horses. That makes it a once-in-a-lifetime occasion for every racehorse.
The pinnacle of horse racing glory is to win all 3 occasions at the Triple Crown. It is exceedingly tough to win a Triple Crown because each race is of a different length, and horses typically fare better at a certain lengths than in the others. Add to that the fact that each and every horse just gets one chance ever to triumph, and you can imagine it does not happen frequently. In the United States, only 11 horses have made Triple Crown glory.
And just to clarify a thing — the expression”Triple Crown” means different things in various countries. Every horse racing country has its own Triple Crown series of occasions. Therefore, in the event that you overhear someone talking about the Triple Crown and they cite the Epsom Derby, that person is speaking about the UK’s variant.
The three events that make up the Triple Crown at 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 all of horse racing. It’s held at Churchill Downs every year 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 into Churchill Downs, the odds are you can find a Kentucky Derby party in your city.
When: Third Saturday in May
Where: Baltimore, Maryland
Length: 9.5 furlongs (1 and 3/16ths miles)
After the Kentucky Derby comes the Preakness. This one does not draw much of a crowd as the Kentucky Derby, but it’s still a massive event in its own right. Additionally, this is where you are going to begin to find some of the play that accompanies the possibility of a Triple Crown. All eyes are on the winner of the Kentucky Derby.
When: 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 mph, this is the longest race in the sequence. This one is conducted three months after the Preakness and positions somewhere in the top 5 in terms of attendance and viewership. However, this race becomes the largest of them all whenever there’s a horse which has taken 1st in the Kentucky Derby and Preakness Stakes, giving that horse a shot at the coveted Triple Crown title.
The Kentucky Oaks is held on the Friday prior to the Kentucky Derby annually at the Exact Same racetrack in Louisville. The Kentucky Oaks is an extremely common race which regularly attracts a crowd of 100,000. The winner gets a $600,000 purse and the famed garland of lilies known as the Lilies for the Fillies.
The Breeders’ Cup is a series of 14 races held across one weekend every November. This event is usually held at a different track in the USA each year. It is among those most-watched events in horse racing, with more than $25,000,000 in prize money up for grabs.
The biggest 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 show is currently worth $500,000; every other occasion is worth $1 million or more.
The Travers Stakes is the oldest thoroughbred racing event in the USA and is now 1.25 kilometers in length. The race is open to 3-year-olds just and has a purse worth $1,000,000. Only one 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 huge players in the US horse racing market. More specifically, we’ll go over some of the major betting sites and explain how they all fit into the large picture.
TVG and Betfair
TVG is short for the”Television Games Network” and it’s a television network devoted entirely to horse racing. It started broadcasting in 1999 and is now the largest horse racing community in the United States. TVG also eases offtrack betting through the internet, phone and at times even via boxtop sets in your television.
The television part of TVG displays live horse races, analyses, betting tips and other applications that cover the broad subject of horse racing. TVG also operates a US-based website that it is possible to visit to see live races and place wagers on your PC.
In 2009, TVG was purchased by Betfair, a UK-based gaming site based in 2004. Betfair is best known for its exchange-style betting system where people can buy and sell”shares” in places online sports bets. This manner, gambling at Betfair is similar to trading options.
Betfair does not conduct business with customers in the USA, but it retains TVG alive as a distinct thing. You probably won’t see any references to Betfair when you visit TVG, but Betfair does possess the company.
TwinSpires is a US-based horse betting website owned and operated by Churchill Downs. TwinSpires is open to clients in the United States and provides betting options on tracks across the nation. It’s a free-to-use service which offers a vast selection of wagers, live races and signup bonuses for new clients.
TwinSpires is among the biggest horse racing gambling websites and has a clean track record. If you decide to bet here, you’re going to be in great hands. The company is licensed to accept and handle real money betting in the united states.
BetAmerica.com is the youngest horse racing game wager website but it has grown quickly and now functions as a substantial player in the online gaming marketplace. BetAmerica is licensed from the North Dakota Racing Commission and accepts wagers from customers in many US states.
Like the other race gambling sites on this webpage, BetAmerica delivers a variety of racing wagers, live streaming video and simulcast selections for all members free of charge. Why is BetAmerica unique is the fact that it provides online greyhound betting in addition to its own horse racing choices.
Online Horse Racing Betting in a Declining Industry
Major horse racing events draw impressive audiences to the day, but the game as a whole has experienced a gradual, steady decrease over the past couple of decades. Betting manage is down significantly since the 1970s and lots of horse racing tracks are affected financially.
You are able to point to a variety of reasons for the decrease. Americans have more gambling options, other sports have grown in popularity, so it is easier to sit and watch TV and so forth. Today, you can find the public to listen in to the Kentucky Derby, but other races are generally the domain of serious horse racing lovers.
Racetracks first looked into adding other gaming games to their assumptions as a way to bump up earnings. We can see this with state legislatures finally opening into the idea of ontrack slot machines. The tracks which have been able to add slots have benefitted significantly from the new earnings.
Likewise, tracks are depending increasingly more on off-track gambling — especially internet betting. The horse racing sector still retains substantial clout in politics, and that is probably one reason why horse racing obtained a carve-out in the UIGEA at 2006.
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