The internet is an amazing place to bet on horse races. There are hundreds of sites to choose from Horse racing online.
Whether you want to bet on a single or multiple bet, you’ll find all the information you need online. You can also watch races and check results on your mobile device.
Legality
The legality of horse racing online varies from state to state. However, most states allow residents to place bets on horses via pari mutuel pools and off-track betting locations.
Pari Mutuel wagering is the primary way to bet on horse races. In this system, different betting options form different money pools at individual tracks.
These money pools are used to determine odds for bettors. This is a different method of gambling from traditional casino games because it doesn’t involve the “house,” which can take your bet and keep your winnings.
Off-track betting was first legalized in 1978 by the Interstate Horseracing Act, which allows bettors to place wagers on horses at OTBs across state lines. This law was amended in 2000 to specifically legalize bets placed over the telephone or other electronic media.
Sites that offer horse betting
The top horse betting sites in the USA cover hundreds of races and offer an easy-to-use wagering interface, handicapping tools and competitive promotions. They also feature strong regulations at the state level, which ensures a safe online betting experience.
Licensed US horse betting websites pool their bets with those at the track and pay odds that are in line with track payouts. This helps to fund purses and horse racing.
Whether you’re an active bettor or simply enjoy watching the action, most of these horse racing betting sites have live streaming options. They also provide replays and a comprehensive results service.
Odds
When you place a horse bet online, the odds are displayed in a variety of formats. Depending on the type of bet, they may display decimals, fractions or percentages.
Win and place bets are the most common horse betting types, and payoffs are calculated based on a $2 minimum bet at most tracks. Show bets and exotic wagers are also available.
Unlike sports bets, which are fixed odds, horse racing online odds fluctuate every time you bet. This is called pari-mutuel betting and it’s important to understand this before you place a bet.
Pari-mutuel wagering is a popular way to bet on horse races, but it can be risky. The public places bets against each other and the racetrack removes a percentage of the pool to distribute to winners.
Payouts
Horse racing online offers a variety of payouts based on the odds of a race. These include win, place and show bets.
Win bets are the most basic type of bet and are easily understood by newcomers. You can earn a payout if your selected horse finishes in first place, but you’ll lose the bet if it fails to do so.
Place bets pay less than win bets, but you can still collect if your horse finishes in the top two spots.
Show bets are also a traditional bet type and cover the top three positions in a race. This bet type is available after at least eight runners have been identified.
In addition to traditional bet types, horse racing online also offers exotic wagers such as trifecta and exacta bets. These bet types require you to correctly identify the top two finishers in a race and the order in which they finished.
TVG
TVG, which operates as part of the FanDuel Group, broadcasts horse racing in the United States on TV and online. It also offers a wide range of promotions and bonuses.
The website offers a new customer deposit bonus of up to $200 for single-horse win wagers. The site also offers insurance on specific multiway bets, as well as a rewards program that rewards users with points they can convert to wagering credits.
TVG also offers a wide range of promotions throughout the year, many of which are related to major events such as the Kentucky Derby and Breeders’ Cup races. These deals usually include exotic insurance, enhanced prize pools, and Super 8/Super 5 contests that require handicappers to make one pick in 8 or 5 races.