Online Horse Racing Betting is totally legal in the United States. Millions of horse racing fans from around the world bet horse races online every year.
Betting on horse racing online can be both fun and profitable, however you must know what you’re doing and use a reputable online racebook platform.
You’ve come to the right place if you’re ready to learn a quick, easy and thorough way to learn the basics of online horse racing betting.
Basic Horse Racing Betting
Horse racing betting is based on the pari-mutual betting system. This means that you are competing against other bettors, opposite of competing against the house.
All of the money wagered on each horse race goes into a wagering pool. Bettors whose horses are correctly picked receives the majority of pool money. The sportsbooks keep a small percentage of the wagering pool as a handling fee.
The most basic bets are win, place and show. The win bet is simply betting on a horse to win. A bet to place is for your horse to finish 1st or 2nd. And a show bet is paid out if your horse finishes 1st, 2nd or 3rd.
Exotic Horse Racing Betting
For much bigger payouts from online horse racing betting, you can wager on the more exotic bets.
The exacta bet is where you pick two horses to finish 1st and 2nd in that exact order. A trifecta bet is for the horses you select to come in 1st, 2nd and 3rd and they must finish in that order for you to cash in your ticket.
And finally you have the superfecta bet, where you pick four horses to come in the exact order of 1st, 2nd, 3rd and 4th place.
Exotic bets are extremely hard to win, but the payouts received can be enormous.
Ready To Bet Horse Racing Online
Bovada Racebook offers daily races at dozens of horse racing tracks around the world. Therefore you can easy bet from the comfort of you home or mobile betting on the go.
You have the option of betting on thoroughbreds, quarter-horses and harness racing. And you are able to place your bets right up until post time.
Once the race is complete and declared official, you just click on “results” to view your winnings.
To start horse racing betting online, click: Bovada Online Horse Racing Betting to open your online racebook account now.
In closing, please bet responsibly and good luck at the track.