Horse race betting odds
Horse racing is one of the most popular sports in the world to bet on. Online betting on horse racing is booming in the United States. In this guide, we will delve into all you need to know about horse race betting sites.
About horse betting
Horse racing has roots in Babylon, Egypt, Ancient Greece, and even Syria. There are ancient records all across the world that show horse and chariot racing existed much earlier than anyone could have imagined.
Horse betting of course was close behind. It began with pari-mutuel betting, which is still popular today. All bets are pooled, and once the interest is deducted, the horse race betting odds are computed based on the total, and profits are paid out proportionally. It is critical to recognize that the sport varies depending on the location of an event. Different requirements apply to racetracks, horse breeds, distance, obstacles, and other factors. Surprisingly, given the present popularity of horse races, the sport appears to be heavily reliant on gamblers. The bulk of viewers is, in fact, gamblers. Experts say that if gambling in the sport is prohibited, the sport will die away. In fact, the gambling activity related to horse races generates $100 billion yearly in over 50 nations, which accounts for a substantial part of its economic value. Read on to learn more about horse race betting sites in the USA.
Are online horse betting sites legal in the US?
Yes, horse racing betting sites are legal in some US states. Horse racing betting is by definition gambling, but it is distinguished from other sorts of sports betting under US federal law. When the federal government passed the anti-gambling act in 2006, horse racing was exempted. Betting on a sporting event was illegal under the law.
Today, most states allow horse racing betting, albeit every state has its own set of rules. Some states have not legalized regular online sports betting yet, but do allow horse race betting.
US states where horse race betting is allowed
Horse race betting is currently allowed in 40 states across the United States. Below is a list containing all of them:
How to bet on horse racing online
Below is a guide on how to get started with your adventure in horse race betting online in the USA.
Best horse race betting sites
There are numerous online sportsbooks in the United States where you can wager on horse races. To assist you, we’ve listed and highlighted some of the best online horse race betting sites in the US:
Horse race betting types explained
Are you excited about placing a wager on a horse race at a betting site? There are plenty of bet types to pick from when developing your wagering methods.
Let’s look at some of the most prevalent horse racing bet types:
Payment methods for horse race betting sites
When it comes to online horse race betting, banking methods are often forgotten, but they are crucially important to how you will judge your gambling experience with a specific operator. If a player can utilize different payment methods on a horse race betting site, they will have a smooth gambling experience.
Below are the most prominent payment methods you can use when betting on horses online:
Major horse race events to bet on
Every year, there are many big horse racing events taking place in the US. Below you’ll find a complete list of the major races:
What is Off-track betting? (OTB)
Off-track betting is the practice of wagering on horses from a location that is outside the actual horse racing track. Betting on a race held in Arlington Park from a bar in Illinois is considered Off-track betting.
Many states in the US allow Off-track betting parlors which usually are located in casinos or sports bars where you can order food and drinks while watching horse races on a big screen.
States in the US with Off-track betting facilities
There are currently 38 states in the United States where you can find Off-track betting facilities. Below is a list of each state together with information about their OTB locations.
|Alabama||Birmingham Race Course Casino|
|Arizona||Multiple OTB locations|
|Arkansas||Oaklawn Racing, Southland Casino Racing|
|California||Multiple OTB locations|
|Colorado||Bally’s Arapahoe Park and many more|
|Connecticut||Multiple OTB locations|
|Delaware||Bally’s Dover, Harrington Raceway, Delaware Park|
|Florida||Multiple OTB locations|
|Idaho||Greyhound Park and Event center|
|Illinois||Multiple OTB locations|
|Indiana||Horseshoe Indianapolis, Harrah’s Hoosier Park, Winner’s Circle|
|Iowa||Multiple OTB locations|
|Kentucky||Churchill Downs, Ellis Park, Keeneland, The Mint at Kentucky Downs, Turfway Park, Newport Racing & Gaming, Red Mile OTB|
|Louisiana||Multiple OTB locations|
|Maryland||Multiple OTB locations|
|Massachusetts||Plainridge Park, Suffolk Downs, Raynham Park Simulcast Center|
|Minnesota||Running Ace Race Book, Canterbury Park Racebook|
|Mississippi||Multiple OTB locations|
|Nebraska||Lincoln Race Course, Horseman’s Park, Fonner Park|
|Nevada||Multiple OTB locations|
|New Hampshire||The Brook Racebook|
|New Jersey||Multiple OTB locations|
|New Mexico||The Downs Racetrack & Casino, Zia Park OTB, Ruidoso Downs Sports Bar OTB, Sunland Park Racetrack, Sunray Park & Casino|
|New York||Multiple OTB locations|
|North Dakota||Sky Dancer Casino Racebook, Sidestreet Grille and Pub, Rumors Sports Bar|
|Ohio||Multiple OTB locations|
|Oklahoma||Multiple OTB locations|
|Oregon||Multiple OTB locations|
|Pennsylvania||Multiple OTB locations|
|Rhode Island||Bally’s Tiverton Racebook, Bally’s Twin River Lincoln Racebook|
|South Dakota||Triple Crown Casino OTB|
|Texas||Bar & Book OTB at Lone Star, Park Sam Houston Race Park OTB, Retama Park OTB|
|Virginia||Colonial Downs OTB, Buckets Bar & Grill OTB, Breakers Sports Grille OTB|
|Washington||Multiple OTB locations|
|West Virginia||Hollywood Casino at Charles Town Races OTB, Mountaineer Casino OTB, Wheeling Island OTB, Mardi Gras Casino OTB|
|Wisconsin||Multiple OTB locations|
|Wyoming||Multiple OTB locations|