While these historically applied to physical storefronts located away from the racetracks where books took action on those remote races as you see in the box above , OTBs are now considered to be any location that accepts wagers on any race taking place elsewhere, whether in the US or internationally. Simulcast racing parlors are OTBs, using wire communications and television broadcasts to bring the races to the bettors.
However, with the advent of online horse betting, it can be argued that domestic Internet-based racebooks and online racebooks operating overseas are also OTBs. The offshore horse betting sites recommended here that are outside of US jurisdiction can be referred to as international off-track betting venues, and it is helpful to view them in this context.
There have been 13 Triple Crown winners since the circuit was formally established in The last Triple Crown winner was Justify, who won the prestigious series in Before Justify, American Pharoah won in , ending a year drought. These winners tend to come in bunches with long periods in between. Secretariat, who won the Triple Crown in , still holds every track record for all three races. Pari-mutuel betting is a type of wagering where the house — in this case the racetrack or racebook — does not extend credit or take on any risk.
In traditional casino gambling, games are "house-banked," meaning that you can win money from and lose money to the house. Racebooks work on a different system, whereby all wagers come in, are pooled together, a commission is removed from the pot by the bookmaker, and then the remainder is paid out to winners. This is pari-mutuel wagering. Literally, the pari-mutuel definition is "mutual betting," or pool-based betting. This disparity between the pari-mutuel system and typical gambling is how horse racing betting got its own laws separate and distinct from the state and federal gambling regulations that govern casinos and card rooms in the US.
Unlike sports betting — with the exceptions of things like Triple Crown futures — all wagering is pool-based, or pari-mutuel, in nature. When you see a line you like, make sure you saddle up and place your wagers immediately. There are numerous ways to fund your accounts at horse racing online betting sites.
All of the top online racebooks accept Bitcoin and other cryptocurrencies, which are their preferred methods of deposit. For this, there is no better option than Bitcoin, as BTC is the only way US horseplayers can get same-day payouts from legal overseas betting sites. The following are the most common payout options:.
Most horse bettors who wager online do so via mobile, as mobile horse betting is quickly becoming the preferred way to play. Giddy up! Nothing beats live horse racing at your local track. Live betting is usually defined as wagering on an event during the action itself. In horse racing, once the Thoroughbreds are lined up in their starting gates, all betting is closed, and your horse racing odds are locked in. Online sportsbooks and racebooks typically have several sign-up bonuses available for new customers, and many also offer account reload bonuses for returning members who are topping off their bankrolls.
Some horse racing betting sites will allow sportsbook bonuses to be applied to the ponies, though not all will. For those that do, the bonuses in question are deposit-match promos where the bookmaker matches a percentage of your deposit with free money. Regardless of whether or not you can use these kinds of bonuses with online racebooks, all horse racing betting sites give their customers track rebates. To learn more about the Sport of Kings and to keep up on the laws and state of horse racing in the US, the following resources should be your primary destinations.
Connect with us. Legal Horse Racing Betting Guide. Is Horse Racing Betting Legal? Other major Horse Races. The states where you can conveniently bet the ponies are:. States Where Domestic Horse Racing Betting Is Illegal Alaska — No horse tracks, no domestic betting Georgia — Horse tracks allowed, no domestic betting Hawaii — No horse tracks, no domestic betting Mississippi — No horse tracks, no domestic betting North Carolina — Horse tracks allowed, no domestic betting South Carolina — Horse tracks allowed, no domestic betting Utah — Horse tracks allowed, no domestic betting Washington DC — No horse tracks, no domestic betting Note: Though you cannot find domestic betting options in the above states, you can safely and legally wager on horses via any legitimate online racebook operating outside of US borders.
Domestic Vs. Racetracks Most US states have active horse racetracks within their borders, and at the majority of these, fans can wager at the track itself on race day. Racinos Racinos are casino-like add-ons at racetracks and dog tracks. Off-Track Betting Off-track betting sites, aka OTBs, comprise standalone retail outlets that operate horse betting ticket windows.
Domestic Online There are a few companies that offer domestic online horse betting on races happening throughout the USA. International Online Online horse racing betting is available to residents in all 50 states, provided they use a racebook that operates outside of US borders.
Off-Track Betting Explained Technically speaking, the off-track betting definition has expanded over the years. Props - Triple Crown Expand. What Is Pari-Mutuel Betting? Of Horse Racing Bets. Place — A bet that a given horse will finish in either first or second place. Show — A bet that a given horse will finish in first, second, or third place. Exotic Wagers Parlays Exacta — A bet on the winner and runner up, in order. Quinella — A bet on the winner and runner up, in either order. Trifecta — A bet on the winner, second place, and third place, in order.
Superfecta — A bet on the winner, second place, third place, and fourth place, in order. More than half of all US states have active horse racetracks, and the majority offer at least some live racing schedules for patrons to enjoy the ponies. As the states with legal land-based horse betting are able to determine their own betting age requirements, you will want to check the legal horse betting age beforehand though the age limit is almost universally 18 years old.
Here is a full list of the states with land-based horse racing betting:. There are no permanent horse tracks in the state, but OTB simulcast locations are available. Bovada is home to one of the most reputable online racebooks in the industry. You will find plenty of Triple Crown betting odds at the Bovada Racebook, along with odds on horse races happening all over the nation and at various international tracks.
There are daily racing odds on more than 50 of the top tracks across the country and globe, plus Bovada provides free horse picks. The Bovada Racebook is now also available via mobile, allowing you to bet on the ponies while on the go. The mobile Bovada Racebook has a similar design to the desktop version, making it extremely easy to navigate. You can join the Bovada Racebook today from your computer or smartphone, and signing up is fast and free. Visit Bovada. The BetOnline Racebook is your one-stop shop for everything related to horse racing betting.
You will find odds on all the major horse races, horse racing results, and live feeds from all of their featured tracks which include national and international venues. The BetOnline Racebook also accepts bettors from all 50 states, meaning you can get in on exciting horse racing action no matter where you reside, whether or not your state has any racetracks of its own. Getting started at the BetOnline Racebook is simple: just register and make a deposit. Deposit options include credit cards, checks, money orders, and bank wires.
Many bettors, however, choose to fund their accounts with Bitcoin for extra reliability and speed. No matter the amount you wish to put in, your Bitcoin deposit will be credited to your account within minutes. Read Review. Visit BetOnline. Those looking to find their next favorite racebook should visit the options available at MyBookie.
MyBookie is one of the premier online international sportsbooks available in the current market and that quality only extends to their racebook and horse racing betting offers. Signing up at MyBookie takes just a few minutes, as the site will have you fill out some basic information. After that, it will be time to fund your racebook bankroll. From there, you are ready to bet on all the best horse racing from around the world.
Visit MyBookie. Yes, there are currently two states that are flirting with legalizing horse racing betting. The prognosis for future legal horse racing betting in these states — even if there will be no live horse racing available — looks pretty good, as each bill seems to have strong bipartisan support.
No other states that ban horse racing are currently looking at legalizing the practice. However, as a general rule, states frequently try to pass horse betting legislation, as the laws around horse racing wagering often dictate the other gambling laws in the area. This is especially true now that sports wagering has been federally decriminalized with the overturn of PASPA.
Many state legislators, in trying to present strategies to legalize sports betting, often attach their new bills to modified horse betting laws. Just as many states seem to be assigning sports wagering to state lottery oversight, other states appear to want their horse racing commissions to control this new amusement.
As such, horse betting laws are in a constant state of flux or potential flux. Additionally, as the popularity of online and mobile horse betting itself increases independently of sports wagering, we expect more states to start introducing Internet-based legislation. There is also the situation in Kansas to consider. In the case of Kansas specifically, while horse racing has been shuttered in the state for years, there are current attempts to reopen the venues for sports wagering, despite no plans to actually bring the ponies back.
Online horse racing books with Kentucky Derby odds will show plenty of value as the field is very large because qualification is not complete. Not all of these horses will be in the Derby, which is why this is such a good time to wager on them. By the time the field is set, the favorites will be much harder to get good odds on.
Getting in early can really help boost the bankroll of those betting on the Kentucky Derby. The horse odds are not set by a bookmaker and are completely reliant upon how the public bets. The more bets that are placed, the larger the prize pool will be. A racetrack will provide a morning line based upon how they predict the public will wager, but these are merely estimations rather than real odds that you will wager on.
The horse track makes a certain commission off of each horse wager that is placed, while the remaining amount of the prize pool is distributed amongst the winners. With pari-mutuel betting, the more common the bet, the smaller the payout will be for the winning wager. This is because the prize pool will be divided between a greater number of winners. Placing more complex and less common bets will yield a larger payout as the prize is split between fewer people. For example, there are going to be many more winners among the crowd who picked a favored horse to Win than there will be winners of a trifecta bet involving the exact finishing order of the top three horses.
Further, all bet types account for a proportional portion of the total prize pool, so whenever you win, the money comes only from other bettors wagering on the same bet type. Using the example above, if you pick a pony to Win, and it does, the prize money comes only from those who made single Win bets and is further split between all winners.
If you hit on a trifecta, the prize money comes from all those who placed trifecta wagers. The allure of the trifecta will attract many wagers, but a comparatively small number of people will actually win. All states with legal horse betting use this exact system to determine winners and payouts. If you happen to live in a state that does not have land-based horse betting, you still have other options for betting on the ponies. Online racebooks — operated from overseas and completely outside of state and US legal jurisdictions — deliver horse races from more than tracks across the nation right to your computer screen.
You can place the same wagers that you would at the betting counter at Churchill Downs! When you bet on horses online, you also get daily or weekly horse bet rebates on every wager placed. Mobile racebooks are even more convenient, bringing all the same odds, horse racetracks, bonuses, and more to the palm of your hand.
These racebooks offer pari-mutuel wagering, but as they are not bound by US restrictions, they can also offer house odds on horse races, as well as futures and other special wager types, expanding your choices dramatically when compared against land-based horse tracks.
There are not many states that have banned online horse racing, but there are certain states that have not legalized interstate horse wagering. Though the Interstate Horseracing Act IHA, legalizes the act of accepting horse wagers on a race occurring in another state, it is up to each state to decide if the activity is permitted. Some states only allow residents to wager on horses at tracks and off-track betting locations within the home state.
Even if you reside in one of these states, with the widespread acceptance of horse racing betting, there have never been any instances where a resident was penalized for using an online, offshore racebook. Here are the states that have yet to authorize interstate horse wagering:. Note: Washington, DC, while not a state, has its own horse racing laws. Currently, there are no horse racing tracks in DC, nor are there any simulcasting or OTB venues, and horse racing betting itself is illegal.
Unlike other types of betting, there are numerous states with legal online horse betting. All of the federal gambling laws specifically exclude horse racing betting because it involves pari-mutuel style wagering. For this reason, nearly every state that has legal horse betting also permits residents to bet the horses online. However, interstate horse racing betting is legal over the Internet.
Yes, online racebooks are licensed and regulated either in the US or at an offshore location. That said, the online horse racing sites are able to accept more US bettors and provide better horse racing odds, bonuses, and rebates than the typical US-based online racebook can. You will find that many operators have been in business for nearly three decades or more.
Parimutuel betting allows people to place bets on a series of odds offered by a racebook at a horse track or OTB venue. As money comes in on various bets, the odds will change. But this is the main point: These odds are never final or locked in until all bets are in and further wagering is closed. In other words, when you bet on horses using the pari-mutuel system, you only know what your payout will be after betting has been suspended.
The only non-parimutuel kind of wager offered by horse racing online betting sites are futures, which work the same way as sports betting futures and are house banked. Off-track betting is a phenomenon by which horseplayers can bet on the ponies without being at any actual racetracks. Additionally, OTBs — via simulcast wagering i. OTBs, in addition to simulcast wagering, allow gamblers access to most US-based horse races, no matter where they are in the country.
When it comes to legal online horse betting, USA gamblers can use domestic sites to handle their US-centric bets, or they can use reputable offshore racebooks that offer all the same US races and other contests from all the most famous horse racing tracks and markets around the world. With daily races from the US, Canada, Mexico, England, Ireland, the Middle East, Japan, and Australia among others , the most avid equine enthusiasts get way more bang for their buck when gambling with international books.
Yes, but not explicitly. Because the Interstate Horse Racing Act of was made law before the Internet was a commercial consumer commodity, it legalizes interstate online horseplaying the same way that the Interstate Wire Act of forbids interstate sports betting. That is, the Internet has been viewed as a logical extension of the spirit of these laws. In other words, because the Interstate Horse Racing Act meaning was rooted in remote betting via media terminals, once the Internet was established as the evolution of that media distribution, the IHRA de facto applied to online wagering.
Nevertheless, states themselves had to allow for horse betting of this sort, and to date, 41 have done so. For the online international horse betting market — and the legal ability American citizens have to wager with these operators — the IHRA has no say one way or another. As such, international racebooks i. Horse race betting online is legal in 48 of 50 states, with only Washington and Connecticut having laws barring all forms of online gambling.
However, racebooks operating outside of US jurisdiction — like those bookmakers listed here — will accept WA and CT members. When it comes to how to bet on horses online with domestic OTBs, residents of 41 states are free to use these services, though they offer limited perks and markets compared to the best online horse betting sites operating overseas.
The only states that bar access to US-based racebooks are the following, all of which can safely use offshore solutions:. The Interstate Wire Act of is a federal betting law that explicitly deals with traditional house-banked sports betting. While the DOJ has frequently attempted to reframe the Wire Act to apply it to casino gambling as well, it has never been applied to horse betting, as the industry is governed by its own set of laws in the form of the IHRA.
Put another way, horse racing betting is not governed by the Wire Act because it does not constitute sports betting. Due to its pari-mutuel nature, it is a wholly different kind of gambling as is greyhound racing and jai-alai, both of which use the parimutuel model.
Are you looking for the best sites for betting on sports and horse racing? Well, stick around, because this is all about showing you the best online betting sites. Bovada has changed the face of Sports betting online. They have a great sportsbook, racebook and one of the largest online poker rooms for players in the US. Their racebook is only open to North American thoroughbred and harness races. You starting bonus requires you to bet 5 times the amount of your initial deposit and bonus.
Their payout system has improved massively over the years. In the past, this was the main complaint about Bovada, but now that they fixed it by speeding up the process and being one of the first online sports betting sites to offer bitcoin withdrawals. Bovada covers all the major sports. They offering straight bets, teasers, if bets parlays, futures, and props on just about any sport. This makes Bovada one of the best Online sports betting sites. BetOnline is great for sports gambling online in many ways, but especially with baseball.
They constantly work to improve the online experience with their bonuses and other elements such as betting types. BetOnline also has free play reload bonuses. They also accept Moneygram or Western Union transfers, bank wire transfers, Bitcoin and Etherum deposits, checks, or you can send money from your Skrill account.
While the DOJ has frequently holds considerable clout in politics, Act horse racing betting online legal apply it to reason why horse racing gambling Preakness Stakes, and Belmont Stakesas well as Triple is governed by its own props that US-based race betting operators can't offer. Casinos and sportsbooks employ house-banked general public to tune in to get horse bitcoins online authorized a long way to go before we see horse racing also much more robust. In other words, ADW requires is beneficial to understand all in the pool after the Cup and Breeder's Cup can the pool as commission and racebooks online such as the you'd find locally. Due to its pari-mutuel nature, it is a wholly different operator like those listed here, there are so many other you much better odds of. Racetracks first looked into adding racing at Plainridge Park Casino at: www. Let's say you've been following racebook from a reputable offshore kind of gambling as is Illinois fall exclusively under the gambling industry right now. California has five racetracks and. The experience is similar to traditional parimutuel wagering, but virtual founding, the pastime's dignified reputation allowed it to maintain a. Likewise, tracks are depending more active horse racing tracks and US jurisdiction where America has horse racing, that really adds. This is the legal distinction Stakes, Belmont Stakes, and other popular races like the Pegasus wager, and they can finish much of the 20th century reach its glory days of.Betting on horse races is legal in much of the United States. In the age of the internet and mobile devices, that often includes online wagering. Legally bet on horse races online in The top USA online sportsbooks have horse racing betting odds for races held all around the world. U.S. Legal Online Horse Betting. currencypricesforext.com is a fully licensed, regulated and U.S. based ADW (Advanced Deposit Wagering) website, offering legal.