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Generally, these are placed on bets in a single race. Much like the exotic bets, there are also five different types of multi-race bets. Like the name states, these bets include more than one race on the ticket. Calculating the payout odds of your horse racing bet requires just a bit of math. Multiply the odds of your horse with your minimum bet.
However, if you follow the right horse racing platforms, read guides like ours, and keep checking on tips from expert horse racing bettors, you will be on the right path. The following three tips will help you make better bets. Bet Now Intertops Sportsbook. Bet Now Bovada Sportsbook. Bet Now Xbet Sportsbook. Bet Now SportsBetting. Bet Now BetOnline Sportsbook. Bet Now MyBookie Sportsbook.
Bet Now Sports Betting. Bet Now FantasyBet Review. Bet Now WagerWeb Review. Bet Now Betnow Sportsbook. Bet Now Youwager Sportsbook. Belmont Park. Churchill Downs. Del Mar. Belmont Stakes. Kentucky Derby. Some betting lines are easier to understand than others. Betting lines are divided into two categories: straight wagers and exotic wagers. Play Now. Win Bet: The win bet is one of the simplest bets in horse racing. There is not much research or thought required for this bet, you select the horse you think will win the race, and you place your bet on that particular horse.
Place Bet: This bet is a little safer than other bets because it only requires a horse to place first or second. Since there is not much risk associated with the bet, the earning is not that significant. It is, however, an excellent bet for novice bettors. But It is also one of the bets that new bettors can use to acclimate themselves to betting on horses.
Daily Double: The daily double bet is part of the exotic wagers group, and it requires placing bets on bets on multiple selections. When betting with the daily double, it requires choosing the winning horse in two successive races. There is an early daily double and a late daily double. The early daily double involves the two races in the beginning, and the late daily double involves the last two races of the day.
To win bettors must choose the winning horse in each of the races. Quinella: In this best, the requirement is to choose the horses that finish the race first and second. It does not matter which horse came first or second; the primary objective is to pick the main aim is to choose the horses that will occupy those positions. Exacta: The Exacta bet requires bettors to select the horses that will finish in the first and second positions in the order that they will finish the race. Therefore, to win you have to choose the horse that will finish first and the horse that will finish second.
Trifecta: The requirement with this bet is to choose the three horses that will finish the race in their respective positions. Superfecta: If you choose to use this bet, you must select the first four horses to finish the race. To win you have to guess the winning horses and their respective positions correctly. Pick 3: This bet requires you to choose the winning horse in three successive races. A lot of sportsbooks offer this bet for punters. Pick 4: This bet is similar to the pick three bet; however, you have to pick the winning horse in four successive races.
As a novice, the different terms that are used in Horse Race Betting can be confusing and make the whole betting experience daunting and exclusive.
The Derby is followed by the Preakness Stakes on the third Saturday of May at Pimlico Race Course in Baltimore, and this is where the equine racing world gets to see if here will be a Triple Crown contender as all eyes watch for the Kentucky Derby winner to achieve a repeat at Pimlico.
If one horse wins all three events, a Triple Crown winner is crowned for having achieved one of the most difficult feats in all of horse racing. The pinnacle of horse racing glory is to win all three events in the Triple Crown. It is exceedingly difficult to win a Triple Crown because every race is of a different length, and horses typically fare better at some lengths than at others. Add to that the fact that every horse only gets one chance ever to win, combined with the grueling schedule involved in winning three races in short order, and it is no surprise Triple Crown winners are a rare thing indeed.
This is your primer guide for placing all types of horse racing bets and wagers. The bets outlined below can be placed in-person and online via ADW websites and mobile horse racing betting apps. The best way to get started is to try basic straight bets at first. As you become comfortable with how it all works, you can progress up to more complex wagers. In parimutuel betting, all bets on a specific race are pooled together.
The racetrack then sets aside a percentage of that pool to keep for its own income and operating expenses. The percentage taken out of the pool varies depending on the track and type of bet placed. After the vig is taken out, the rest of the money in the pool is used to pay out the winners. The payouts in a horse race change in real time up until the start of the race.
As new wagers are collected, the offered payouts change to account for the new betting action. This is why favored horses offer lower payouts. More people tend to bet on the favorite, so when the favorite wins, the portion of the pool assigned to that horse has to be split up among more people. When a longshot horse wins, there tend to be fewer people backing that horse, so each bettor collects more winnings.
There are all kinds of different bets that can be placed on a single race. The general rule is that the more difficult the bet is to win, the higher it pays. For example, a straight bet on a single horse to win pays pretty well, but a bet on the exact finishing order of the top 3 horses pays even better. There are three different types of straight bets.
These wagers are pretty simple and act as a good starting point for newbies. An across the board bet is actually three wagers in one. It is a combination of a win bet, a place bet, and a show bet all put on a single horse in an upcoming race. The end result is a combination of bets that pays for a horse that finishes anywhere in the top three:.
In summary, an across the board bet provides a handsome payout if the selected horse finishes in first place but provides consolation prizes if the horse finishes second or third. Exotic bets are more complicated than straight bets. In an exotic bet, you make multiple picks that include more than one horse and maybe even more than one race.
In this example, you need the 1 horse to win, and then any of the other three horses to finish in 2 nd and 3 rd place in no particular order. What makes parimutuel different is that all bets are pooled together, the house takes a cut, and then payouts are divvied out to the winners. Now that you have a grip on the basics of horse betting, you can apply that knowledge to betting on the internet.
The only difference is that instead of talking to a cashier at the racetrack, you select your wagers onscreen using your mouse and keyboard. The next step is to fund your account. Then, you can choose from a number of deposit methods :.
You pay cash for the Moneypak and then redeem that Moneypak online by typing in the unique number on the back of the card. The modern-day equivalent of chariot racing, harness racing features a single horse pulling a rider on a two-wheeled cart. Major horse racing betting sites cover harness racing in great detail, including free race previews and picks, in-depth podcasts, and other educational content.
Online greyhound betting is governed by different rules than horse racing, but the basic idea is the same. In states that allow online greyhound betting, fans are free to use greyhound betting apps to bet on dog races. Numerous states no longer have live racetracks but still allow residents to bet on horse races held in other states over the internet. The first odds to be posted for any particular race are the morning line odds , often abbreviated as ML.
A track oddsmaker determines the morning line by comparing the horses slated to run and his or her expectation of the public betting action. There are two important things to keep in mind when dealing with morning line odds. Secondly, the ML only serves as a rough estimate. As wagers start coming in, the odds will change to reflect the betting action. The actual odds are what the odds actually are at any given time based on public action. Remember, dog and horse racing are parimutuel activities.
That means the payout odds are determined by the amount of money wagered on each horse. After a horse is declared the winner, the pool is split among all people who backed that horse. To recap: the morning line odds are an estimated of what the oddsmaker thinks will happen that day based on the relative strengths of each horse and anticipated wagering activity. Actual odds are what you actually get paid after all the wagers have been taken in. The upside to parimutuel wagering is that it does not put you in direct competition against a highly-skilled oddsmaker.
The sportsbook does not care who wins any given race because it receives its commission regardless of the outcome. The downside is that you never really know for sure what the final odds will be until after the race begins. The basic idea of parimutuel wagering is that patrons bet with one another rather than against the house. To put it simply, all wagers taken on a particular race are pooled together, the house takes a cut of the pool as commission and the rest is paid back out to the winning bettors.
Note that this is a very simplified example, but it depicts the concept in action. Now, imagine Horse B wins the race. Not all horse betting sites serve the exact same list of states. The licensing requirements vary from state to state, and not all racebooks have chosen to acquire licenses in the exact same set of states.
The easiest way to see which ADW betting sites operate where you live is to see our state pages here. Each state page provides an up-to-date list of sites that are licensed in that state. Alternatively, you can always just try signing up at one of the major horse racing betting apps. In other words, ADW requires you to pay for your bet at the time it is placed as opposed to being able to wager on credit with a shop that settles accounts at the end of the month.
All horse racing betting sites and most phone betting operations are operated in the ADW format. You might be able to deposit with a credit card at a betting site, but the site itself will not lend you credit. Not exactly. Florida voters approved Amendment 13 in the midterm elections to outlaw exactly two activities:.
Florida residents may still bet on greyhound races held in other states through online betting sites. Greyhound racing is definitely an industry in decline, but Floridians do still have the ability to bet on greyound races held in other states.
Major horse racing events draw impressive crowds to this day, but the sport as a whole has experienced a slow, steady decline over the past couple of decades. Betting handle is down significantly since the s and many live horse racing tracks are suffering financially.
One can point to a variety of reasons for the decline. Today, you can get the general public to tune in to the Kentucky Derby, but other races tend to be the realm of serious horse racing fans. Racetracks first looked into adding other gambling games to their premises as a way to bump up revenues. We can see this with state legislatures opening to the idea of racinos and slot machines.
The tracks that have managed to add slots have benefitted greatly from the new income. Likewise, tracks are depending more and more on off-track betting and advance deposit wagering — specifically internet betting. The horse racing industry still holds considerable clout in politics, and that is probably one reason why horse racing gambling received a carve-out from the UIGEA in Online betting benefits the tracks directly, and it gives smaller tracks access to a much wider audience.
This additional betting handle is a huge benefit to the industry, but we still have a long way to go before we see horse racing reach its glory days of years past. There are still concerns about PEDs, inhumane horse treatment, risks to racehorses and life for horses after racing. Combine that with unique marketing strategies, such as what Churchill Downs has accomplished over the past few years, and there are bright spots in the future.
Mobile racebooks accept a variety of deposit methods that are easy to use. Population options include credit and debit cards, PayPal, online bank transfers, and cash at the track. Read more about depositing on our guide to betting deposits. Virtual horse racing betting is a form of gambling in which players bet on the outcomes of simulated horse races.
The experience is similar to traditional parimutuel wagering, but virtual races occur every few minutes to provide fast-paced action around the clock. Read more: Virtual horse racing betting. Skip to content. Review Play Now. Table Of Contents. Racebook Reviews. Claim Bonus. Online Racing. Alabama has two greyhound racetracks and no active horse racing tracks.
California has five racetracks and state residents may bet online at: www. Colorado has one racetrack and state residents may bet online at: www. Delaware has three racetracks and state residents may bet online at: www. Florida is home to numerous horse and greyhound racetracks. Idaho has two racetracks and several fairgrounds that hold races on occasion. Indiana has four racetracks and state residents may bet online at: www.
Kansas no longer has any active racetracks but state residents may bet online at: www. Kentucky has six racetracks and state residents may bet online at: www. Maine has two racetracks and state residents may bet online at: www. Michigan has one racetrack and residents may bet online at: www. Minnesota is home to two racetracks and state residents may bet online at: www. Nebraska is home to six racetracks but state residents are prohibited from betting online.
All wagers must be placed in person. Nebraska Betting Law. New Hampshire no longer has any active racetracks but state residents may bet online at: www. New Mexico has six active racetracks and state residents may bet online at: www. New York is home to numerous horse racing tracks and state residents may bet online at: www. North Dakota has two racetracks and state residents may bet online at: www.
Ohio is home to eight racetracks and state residents may bet online at: www. Oklahoma is home to four racetracks and state residents may bet online at: www. Oregon has one active racetrack and state residents may bet online at: www. Pennsylvania has three thoroughbred racetracks and residents may bet online at: www. Rhode Island hosts live harness racing at Plainridge Park Casino and state residents may bet online at: www.
South Dakota conducts horse racing on select days every year at two fairgrounds. Tennessee does not have any active racetracks but state residents may bet online at: www. West Virginia is home to two horse racing tracks and two greyhound racing tracks. Wisconsin no longer has any active horse or greyhound racetracks. Wyoming has three racetracks that hold races on select days every year.
Illinois is home to three active thoroughbred tracks and one harness track. Alaska does not have any active racetracks and online betting is not allowed. Alaska Betting Law. Georgia does not have any racetracks and parimutuel wagering is outlawed. Georgia Betting Law. There are no racetracks in Hawaii and state law forbids racing betting.
Hawaii Betting Law. Maryland is home to four thoroughbred racetracks and two harness racing tracks. Massachusetts has one thoroughbred racetrack and one harness racing track. Mississippi does not have any active horse racing tracks and online betting is prohibited.
Mississippi Betting Law. Nevada does not have any active racetracks at this time and online racing betting is prohibited. Nevada Betting Law. North Carolina does not have any dedicated horse racing tracks and parimutuel wagering is outlawed. North Carolina Betting Law. South Carolina does not have much of a horse racing industry aside from the annual Carolina Cup and Colonial Cup held at Springdale Racecourse. South Carolina Betting Law.
Utah has a couple of minor racetracks that hold races only a few days a year. Utah Racing Law. Colonial Downs is the only racetrack in Virginia and state residents may bet online at: www. Arizona has a couple of horse racing tracks but does not permit online betting. Arizona Betting Law. Iowa is home to one horse racing track and one greyhound racetrack. Louisiana has four racetracks and state residents may bet online at: www.
Montana is home to two active horse racing tracks and state residents may bet online at: www. Washington has two horse racing tracks and 13 OTB locations. Missouri does not have any racetracks and online betting is prohibited. Missouri Betting Law. Vermont no longer has any horse racing tracks.
Arkansas has one racetrack and state residents may bet online at: www. Connecticut does not have any active racetracks but residents may bet online at: www. Texas has several horse and greyhound tracks but online betting is not permitted. Texas Betting Law. Alabama law does not specifically address online racing betting, but multiple ADWs offer their services to residents.
Alabama Horse Racing. Alaska Horse Racing. Arizona Horse Racing. Arkansas Horse Racing. California Horse Racing. Colorado Horse Racing. Connecticut Horse Racing. Delaware Horse Racing. Florida Horse Racing. Georgia Horse Racing. Hawaii Horse Racing. Idaho Horse Racing. Illinois Horse Racing. Indiana Horse Racing. Iowa Horse Racing. Kansas Horse Racing.
Kentucky Horse Racing. Louisiana Horse Racing. Maine Horse Racing. Maryland Horse Racing. Massachusetts Horse Racing. Michigan Horse Racing. Minnesota Horse Racing. Mississippi Horse Racing. Horse Racing. Montana Horse Racing. Nebraska Horse Racing. Nevada Horse Racing. You have multiple chances of being paid. Horse racing has a skill element, involving finding value from the field.
Picking a potential winner or finding a selection whose price is better than their true winning chances will make you money over time. Online horse racing betting sites help you pick winners by providing statistics detailing the results of previous races. These range from simple form guides and raw results to detailed past performance databases. Many databases are paid services, with the racebooks offering them as a perk for bettors who wager on a specific meeting.
All racing bets are pooled. The total bet around the country on a race is divided among the selections. The winners should this horse win are paid The prizes for place, show and trifecta bets are determined in the same way. There are prestigious events for all types of horse racing , which range from harness through to Arabian horses. This involves three races for thoroughbreds, each of which has qualifiers to ensure that only the best horses get to take part.
Here are the races in date order. To complete the Triple Crown, a horse needs to win all three in the same year. Apps and websites operating in these states often allow wagering on races across the country and even internationally. That leaves it up to the states whether they want to legalize online wagering on horse races. Anywhere the platforms above offer wagering, state laws have been enacted to allow for online wagering and horse race betting apps. If no real races are going on, you can also wager on virtual horse races.
These are races simulated by a computer program, and bettors can still wager on the outcome. More on virtual sports betting. Unfortunately, this is not offered in the US, although land-based and online casinos may offer this in the near future.
Wagering on virtual horse races is more common in Europe and other regulated markets internationally. To the majority of people, racehorses look similar. While there is a big mix of heritage, they can all be traced back to just three fathers born in the s. Those sires were then imported to England, where they established blood-lines that were later imported to the US. Standardbred Horses: Harness racing uses a different breed known as standardbred.
These horses can have thoroughbred ancestors, with mixed heritage. This breed is considered easier to handle than the highly-strung thoroughbreds. A different breed, known as Arabian horses takes part in these contests. Arabian horses are perfect for long distances racing , though not for short bursts of speed. As the name implies, these horses recorded as a subsection of thoroughbreds were first bred in the Middle East.
Quarter Horses: Quarter Horses is a name given to the mixed-breeds which come from Spanish colonial stock. The name comes from the quarter-mile racetrack which was popular in the early days of horse racing. There are a lot of slang terms, acronyms and unique terms associated with betting on horses. The list below includes the key definitions to get you started.
Daily Double: A bet which involves picking the winners of two highlighted races usually consecutive races. Furlong: This is a distance measure, e. Each one is one-eighth of a mile. Exacta: This is a bet on the first- and second-place finisher in the right order. Gelding: This term refers to a male horse that has been sterilized, which a common practice which can make unruly horses focus on racing. Grade: Races are graded on the quality of the horses involved and purse.
Grade 1 races have the best competitors. Handicap: Many races add weight to the better horses based on past performance to level the playing field. OTB: This acronym stands for off-track betting. In some states, you can place bets at venues which do not have racing of their own.
Post Position: The placement of a horse in the starting stalls, which is in relation to the position of the rail.
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