US Horse Racing Betting Online

Orse racing is an ancient sport with a rich history dating back centuries. 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 most states. And needless to say, where there is competition, there will be individuals gambling on the outcome. Up until recently, all horse racing gambling happened at the track. The world wide web has changed everything and now people can just as easily put real money wagers online. RankBetting SiteBonusRatingVisit 1 $20 Free + 100% up to $100 18/21+ to Perform, T&Cs Apply Inspection PLAY NOW 2 100% up to $100 18/21+ to Play, T&Cs Employ Review PLAY NOW 3 Wager $500, Get $100 18/21+ to Perform, T&Cs Apply Review PLAY NOW One of the pleasant things about online horse racing is that you can bet on races which happen around the country. If you live on the West Coast and need to bet on a race that is taking place on the East Coast, that’s no issue. Internet betting brings the action for you. The very best part of all is the fact that it’s all legal. Most states in the united states permit online horse race betting. So provided that you do not reside in one of the few restricted states, you are able to bet for your heart’s content. You can even see the races live on your personal computer and see how your stakes pan out in real time. Of the racebook websites listed on this page, all operate in accordance with the law in the USA. You don’t have to see offshore betting sites to wager on horses. Websites we recommend are all licensed and controlled to do 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 both received particular exemptions from anti-gambling prohibition which has been passed at the federal level in 2006. A few states have opted from online horse gambling, but many Americans are free to bet on horses they all want. You’re able to see the graph below for a list states that let online horse betting, and those that DO NOT allow online wagering. If you live in one of those states, you’ll need to visit a track in person, or use an approved off track centre. Everyone else is welcome to join up and bet at licensed and regulated 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 almost all forms of gambling, betting and poker are outlawed. The Wire Act of 1961 was utilized as the foundation for anti-gambling enforcement, and then the UIGEA of 2006 further strengthened that line of thought. Horse racing in particular has got two noteworthy exceptions in federal law. First was that the Interstate Horseracing Act of 1978 (IHA). Even though the IHA was written well before the advent of the world wide web, it has played an instrumental role in giving us valid online horse racing betting today. In short, the IHA made it legal to place interstate wagers on horse races as long as these betting is permitted in both states. This piece of legislation is the reason off-track betting parlors (OTBs) located in 1 state may accept wagers on races taking place at another state. Back when the IHA was written, it had been with OTBs in your mind. Legislators upgraded 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 digital media.” This opened the door for authorized online horse racing gambling. 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 gambling. The UIGEA basically made it illegal for banks and other financial entities to conduct business with offshore gambling sites. This didn’t technically make it illegal for citizens to place bets on the internet, but it instead made it very difficult to move money to and from gambling sites. However, horse and greyhound racing obtained specific exemptions in the UIGEA. It was a bit of a controversy at the moment, but several senators managed to make sure carve-outs for racing gambling. This setup the frame for your system we have today: valid online horse gambling. The only catch is that the individual states were given the choice to”opt out” of online horse racing. Several states took that route and also the citizens of those states aren’t permitted to join or place wagers at horse betting websites. The fantastic news is that just a small number of states made a decision to opt out. The Way Horse Racing Betting Works This is your primer guide for actually putting bets on horse races. The bets outlined below could be placed both in-person and on the internet. The best way to begin would be to try out some of the fundamental bets first. As you become comfortable with how it works, you can progress up to more complicated wagers. Before we enter each kind of wager, I’d love to give you a general overview of the way the betting system works with horses. Horse wagering is categorized as a kind of”parimutuel wagering.” This is a bit different than sports gambling, so read closely if you’re new to horse gambling. In parimutuel betting, all bets on a particular race are pooled together. The racetrack then sets aside a percentage of that pool to keep for its own income and operating expenses. This is known as the”vig.” This system ensures that the racetrack earns its cash regardless of the outcome. The percentage taken from the pool varies depending on the path and variety of bet set. Usually, you can expect to observe a vig of anywhere from 15% to 30%. Following the vig is removed, the remaining portion of the cash in the pool is used to pay the winners out. The payouts at a horse race change constantly up before the beginning of the race. As new wagers are collected, the offered payouts vary into account for the new gambling action. This is why preferred horses provide lower payouts. More people have a tendency to bet on the favorite, so when the favorite wins, the section of the pool delegated to that horse has to be divided among more people. If a longshot horse wins, there are inclined to be fewer people financing that horse, so each person accumulates additional winnings. Types of Bets There are all kinds of different bets that may be put on a single race. The rule of thumb is that 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 bet on the exact finishing order of the top 3 horses pays even better. Here are the most common Kinds of horse bets: Straight Bets There are 3 different types of bets that are straight. These wagers are pretty simple and act as a good starting point for novices. Win: This is a bet on a single horse to take 1st Location Place: A bet on a single horse to take either 1st or 2nd place Show: A wager on a single place to take 1st, 2nd or 3rd Location Exotic Bets Exotic bets are more complex than straight bets. Within an exotic wager, you create several selections which include more than 1 horse and perhaps even more than 1 race. Exacta: A bet on two horses to take 1st and 2nd location. Your horses must finish in this exact order to win Quinella: A bet on two horses to take 1st and 2nd but the arrangement does not matter Trifecta: A bet on three horses to take 1st, 2nd and 3rd place in that exact sequence 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 Pick 4: A bet where you pick the 1st place finishers of four successive races. Boxing Horses Boxing is useful once you know that a few horses are solid favorites, but are not sure which order they will finish. You can”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 place. A quinella box horses #3, #4 and #5 will cover all possible outcomes: 3-4, 3-5, 4-3, 4-5, 5-3 and 5-4. You could also box exactas, trifectas and superfectas this way. Keying Horses It is possible to key horses when you have a strong feeling that a horse will finish first but you aren’t as certain about the horses that can take 2nd and 3rd place. To put it differently, you’ve got one”key” horse chose to win the race and a few other horses which will come in later that one. So let’s say you make a $1 trifecta key of #1 on #2, #3 and #4. In this example, you want the #1 horse to win, and then some of those other three horses to finish in 2nd and 3rd set in no specific order. Getting Started Now you have a grasp on the basics of horse betting, you are able to apply that knowledge to gambling online. In practice, it’s essentially the same idea. The only difference is that instead of talking to a cashier at the racetrack, you choose your wagers onscreen with your mouse and keyboard. 1. Produce and Fund Your Betting Account The first thing you are going to have to do to bet on the internet is register for an account in a legal horse racing site (visit my three selections close to the top of this page). All you need to do is see the race gambling site of your choice, click a few of the big”join now” buttons and fill out the new account form. It needs to be quite self-explanatory. The next step is to fund your accounts. You do this by logging into your account at your betting site and then hitting the”deposit” link in your account area. If you’ve not created a deposit before, you’re likely going to get a pop-up asking you to deposit. Then, you can Pick from a number of deposit methods: Wire transfer Credit cards and debit cards Check or money order E-Check Green Dot Moneypak Notice: The Green Dot Moneypak is a form of prepaid voucher which you can buy at stores like Wal Mart and Walgreens. You pay money for the Moneypak and redeem that Moneypak online by typing in the unique number on the back of the card. Basically, it’s a simple way to fund your account with money. 2. Place Your Bets After you have an account financed with money, you should start putting your wagers. Click on the”bet now” button and this will take you to an area 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 and the horses competing in every race. Every gambling site does it somewhat differently but generally speaking, you will find a screen which lets you select your wager amount, the type of wager and the horses which are going to be competing. As you make your selections, you need to see a little slip that reveals a summary of your current bet. You’ll also have the option to box and key that your horses in this moment. When you think you’ve got your wager all set up, you will see a”verify” or”submit” button close to the bet summary box. Hit that button and then it will ask you one more time if you are convinced this is your bet you wish to place. If everything looks good, click the confirm button and your bet will probably go live. When you submit your bet, you can return and put more wagers, see the race live on the site or go about your day as normal. The website will track your bet and pay your winnings if appropriate. If some of your wagers are winners, the betting site will immediately credit your account with the money. You may then cash out your winnings or utilize them to put additional wagers. Betting Promotions The very best horse betting sites compete heavily with one another for your business. They all know it will not require much effort at all for a client to switch to a competitor. Thus, all of them offer their own benefits promotions and programs in an effort to increase customer loyalty. You won’t go wrong with any of those horse gambling websites on this page, but you might want to check out their promotions to see which ones look the best for you. Here’s a look at what every gaming website has to offer: Promos Right off the bat, BetAmerica gives all new customers a 100% match deposit bonus worth up to $300. It follows that some amount you deposit will probably be accounted up to $300 in extra cash. The bonus money is published at a speed equal to 10% of every wager you place at BetAmerica. BetAmerica also allows players to create their own gaming tournaments. This is a unique idea in which you can produce your own handicapping championship where you specify the buyin, demanded bankroll, wager types, payouts and date. You can then invite your friends or let anyone connect. BetAmerica also picks one tournament weekly and guarantees at least $250 in prizes at no cost. On chosen”bonus tracks,” BetAmerica offers 3% cashback on all wagers, with no maximum cashback amounts. You can also refer friends to BetAmerica and receive $50 when your friends register and make a deposit. Review. Promos TwinSpires requires a slightly different approach with its promos. Rather than focusing on long-term promos that rarely change, TwinSpires constantly releases fresh, short-term promotions. These promos revolve around specific betting events in which you are able to earn more loyalty points and also get payout bonuses for placing bets on big racing events. Player points are summed up in TwinSpires by placing wagers and participating in the frequent promos mentioned above. You can redeem those points for wagering credits, gifts from and also for free entry to racetracks. Additionally, new clients are welcomed to TwinSpires using a $100 signup bonus. This bonus is given if you sign up, make an electronic banking deposit and wager at least $500 during your first month. Meet those requirements and you’ll receive $100 added to your gambling account. Review. Promos TVG is somewhat weak on the other hand, but it will offer a couple of perks to clients. All new players qualify for a $150 signup bonus that is released in $50 increments right to the actual money account. For the first 3 months, you’ll receive $50 added to your balance should you bet at least $250 in any specific month. TVG also has an ongoing advertising where you earn 1 point for every dollar wagered. As time passes, you will accumulate these points and can finally redeem them for money rewards and Skymall present certificates. The rate of yield is a little on the low side, however, it will come in handy after a few months of heavy gambling. Review. Major Horse Racing Events People today gamble money on horses year-round, but a big 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 pair of three unique races. This 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 event for each and every racehorse. The pinnacle of horse racing glory is to win all 3 occasions in the Triple Crown. It’s exceedingly tough to win a Triple Crown since each race is of a different length, and horses typically fare better at some lengths than in the others. Add to the fact that every horse only gets one chance ever to triumph, and you may imagine that it doesn’t happen often. In the United States, only 11 horses have earned Triple Crown glory. And simply 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 in the event that you overhear someone talking about the Triple Crown and they mention that the Epsom Derby, this person is talking about the UK’s variant. The three events that make up the Triple Crown at the United States are: Kentucky Derby Preakness Stakes Belmont Stakes Kentucky Derby When: First Saturday in May Where: Louisville, Kentucky Length: 1.25 miles The very 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 as well as non-horse racing fans dress up in flashy clothes and outlandish hats to observe. Even if you can not make it to Churchill Downs, the odds are you can find a Kentucky Derby party in your own city. Preakness Stakes 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 doesn’t draw as much of a crowd because the Kentucky Derby, but it’s still a massive event in its own right. This is also where you’ll start to see some of the drama that accompanies the possibility of a Triple Crown. All eyes are on the winner of the Kentucky Derby. Belmont Stakes When: Three weeks 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 greatest race in the series. This one is run three weeks after the Preakness and positions somewhere in the top 5 in terms of attendance and viewership. However, this race becomes the biggest of them whenever there is a horse that has taken 1st at the Kentucky Derby and Preakness Stakes, providing a horse a shot at the coveted Triple Crown title. Kentucky Oaks The Kentucky Oaks is held on the Friday before the Kentucky Derby each year at the same racetrack in Louisville. The Kentucky Oaks is a very popular race which regularly attracts a crowd of 100,000. The winner has a $600,000 purse and the famed garland of lilies called the Lilies for the Fillies. Breeders’ Cup The Breeders’ Cup is a set of 14 races held over one weekend every November. This event is generally held at a different track in the United States annually. It’s one of the most-watched events in horse racing, with more than $25,000,000 in prize money up for grabs. The largest event in the Breeders’ Cup is the Breeders’ Cup Classic, which will be a 1.25 mile race worth $5,000,000. The smallest event in the show is worth $500,000; every other occasion is worth $1 million or more. Travers Stakes The Travers Stakes is the oldest thoroughbred racing event in the United States and is currently 1.25 kilometers in length. The race is open to 3-year-olds just and contains a purse worth $1,000,000. Only one horse in background (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 market. More importantly, we will discuss some of the major betting websites and explain how they fit into the big picture. TVG and Betfair TVG is short for the”Television Games Network” and it is a television network devoted entirely to horse racing. It started broadcasting in 1999 and has become the largest horse racing network in the United States. TVG also facilitates offtrack betting through the world wide web, phone and sometimes even via boxtop sets in your television. The television portion of TVG shows live horse races, analyses, gaming tips along with other applications that cover the broad topic of horse racing. TVG also functions a US-based site that it is possible to see to watch live races and place wagers in your own PC. In 2009, TVG was bought by Betfair, a UK-based betting site founded in 2004. Betfair is famous for its exchange-style gaming platform where people can buy and sell”shares” in places online sports bets. This manner, gambling at Betfair is similar to trading choices. Betfair does not conduct business with customers in the USA, but it retains TVG alive as a separate thing. You probably won’t see any references to Betfair if you see TVG, but Betfair does own the company. TwinSpires TwinSpires is a US-based horse betting website owned and operated by Churchill Downs. TwinSpires is available to customers in the USA and provides betting options on tracks around the nation. It’s a free-to-use service that offers a vast range of wagers, live races and signup bonuses to get new customers. TwinSpires is among the biggest horse racing gambling websites and includes a clean history. In case you decide to bet here, you’re going to be in great hands. The business is licensed to take and manage real cash betting in the US. is the youngest horse racing bet site but it has grown quickly and now acts 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 gambling sites on this webpage, BetAmerica delivers a variety of racing wagers, live streaming video along with 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 options. Online Horse Racing Betting in a Declining Industry Major horse racing events draw impressive audiences to this day, but the game as a whole has experienced 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 affected financially. You are able to point to many different reasons for the decline. Americans have more gaming options, other sports have grown in popularity, it is a lot easier to sit at home and watch TV and so on. Now, you can get the general public to listen into the Kentucky Derby, but other races tend to be the realm of critical horse racing lovers. Racetracks first looked into adding other gambling games to their premises as a way to bulge revenues. We can observe this with state legislatures eventually opening into the idea of ontrack slot machines. The tracks that have managed to add slots have benefitted significantly from the new income. Likewise, tracks are depending more and more on off-track betting — specifically online betting. The horse racing industry still holds substantial clout in politics, and that is most likely 1 reason why horse racing obtained a carve-out in the UIGEA at 2006. On Read more:
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