Legal horse race betting

Place — You win your bet if the horse finishes either first or second. Show — You win your bet if the horse finishes first, second or third. Horizontal exotic bets: Daily Double — You need to correctly pick the winners of two races in a row. With each of these bets, you need to make all your selections before the first race begins. Pick 3 — Correctly pick the winners of three races in a row. Pick 4 — Correctly pick the winners of four races in a row.

Pick 5 — Correctly pick the winners of five races in a row. Pick 6 — Correctly pick the winners of six races in a row. Vertical exotic bets: Exacta — Correctly pick which horses finish first and second in a single race, in the correct order. Trifecta — Correctly pick which horses finish first, second and third in a single race, in the correct order. Superfecta — Correctly pick which horses finish first, second, third, and fourth in a single race, in the correct order.

These are the most common bets at any racebook, but they are by no means exhaustive. For example, there are also lots of combination betting strategies which utilize the above bets and cover more outcomes. Horseracing Integrity and Safety Act The Horseracing Integrity and Safety Act was signed into law by President Trump in December , and has been seen as a major step forward for the integrity and professionalism of horse racing in the US.

The bill mandates the creation of an independent body known as the Horseracing Integrity and Safety Authority, which is responsible for implementing uniform anti-doping standards, testing, and doping bans, as well as maintaining racetrack safety, animal welfare, and oversight over racetrack surfaces.

First and foremost, the bill is expected to greatly improve the welfare of the animals at the center of the sport. Major Horse Racing Events The horse racing calendar in the US is rich and varied, with races happening coast to coast throughout the year. Below are five of the standout events: Kentucky Derby — For most people, the biggest race of the year happens on the first Saturday in May.

Belmont Stakes — The last of the three triple crown races happens in June, also on the dirt, with a 12 furlong race at Belmont Park. Breeders Cup — A meet of 14 championship races that normally takes place in November, the Breeders Cup changes location every year. The edition took place in Del Mar, California.

Both sites are independently monitored for fairness, and have received licenses from local regulators in each separate state. Can I bet using my mobile? Hawaii Horse Racing Idaho Idaho regulates advance deposit wagering see regulations here and requires operators to apply for licenses to offer online racing betting. All big-name ADWs operate in Idaho today. Most of the biggest names in mobile parimutuel wagering accept Illinois customers.

Illinois Horse Racing Indiana The Indiana Horse Racing Commission regulates horse racing, wagering and advance deposit wagering activities throughout the state. State law specifically authorized online racing betting, and all operators are required to acquire a license from the Commission prior to accepting wagers from Indiana residents.

Indiana Horse Racing Iowa Advance deposit wagering is legal in Iowa provided operators go through all the necessary steps to acquire a license from the state. State law on horse racing requires operators to reach agreements with local racetracks and horse racing organizations to determine source market fees and other issues, but there has been some controversy over the years with numerous out-of-state operators accepting wagers from Iowans without having such agreements in place.

Iowa Horse Racing Kansas Kansas horse racing laws do not specifically discuss advance deposit wagering, but several major ADWs have accepted Kansas residents for years without issue. KRS Chapter addresses the conduct of advance deposit wagering in Kentucky. Currently, residents 18 or older have access to a variety of licensed betting sites. Louisiana Horse Racing Maine Maine enacted legislation in ordering the Gambling Control Unit to hold a competitive bidding process to award one operator sole control over advance deposit wagering.

The minimum age to bet online through an ADW service is Maryland Horse Racing Massachusetts Massachusetts law allows advance deposit wagering and most major betting sites operate in the state. Parimutuel horse racing betting is overseen by the Division of Racing under the Massachusetts Gaming Commission. Massachusetts Horse Racing Michigan Michigan approved new online racing betting legislation at the end of to establish a licensing process for ADWs. Under Michigan law, operators must apply for a license, provide a proposed plan of operation and pay a fee prior to offering mobile racing wagering to residents.

Michigan Horse Racing Minnesota Advance deposit wagering providers are required by MN law to acquire a license in order to offer online wagering to residents. MN law establishes a minimum age of 18 to participate in parimutuel horse wagering. Minnesota Horse Racing Mississippi Mississippi has been slow to embrace horse racing betting. Online wagering is prohibited to this day, but retail sportsbooks at casinos are allowed to offer parimutuel horse wagers.

Mississippi Horse Racing Missouri Missouri law does not address advance deposit wagering. Many ADWs interpreted state law to prohibit online racing betting, but BetAmerica does offer its services to residents. Horse Racing Montana The Montana Board of Horse Racing oversees the conduct of horse racing and parimutuel wagering, including online betting. Numerous ADWs are licensed and offer their services in Montana today. Montana Horse Racing Nebraska Parimutuel wagering is legal in Nebraska but state law does not clearly address the legality of advance deposit wagering.

Some lawmakers have argued that online betting platforms violate state law, but the opinion is not universal and some ADWs do offer their services in Nebraska. State law enforces a minimum age of 19 to bet on horses. Nebraska Horse Racing Nevada Horse racing betting is legal in Nevada, but only through authorized sportsbooks. Residents and visitors may also register for mobile betting accounts at land-based casinos to bet on horses through mobile sportsbooks from anywhere within state lines.

Nevada Horse Racing New Hampshire New Hampshire law clearly permits parimutuel wagering at racetracks and is unclear on the status of online betting. New Jersey Horse Racing New Mexico New Mexico horse racing law is unclear on the legality of advance deposit wagering, but several operators have offered their services to residents for years without issue.

Customers must be 18 or older to bet on horse races in New Mexico. New Mexico Horse Racing New York New York law allows online racing betting providers to apply for licenses from the state to offer advance deposit wagering to residents. In New York, the minimum age to bet on horse races is All major parimutuel betting sites are available in North Dakota. State law on horse racing does not specifically address online betting, but the Ohio State Racing Commission does have rules in place governing telephone wagering.

Debate aside, most ADWs accept Ohio residents. Ohio Horse Racing Oklahoma Oklahoma racing regulations allow account wagering by telephone but do not specifically address the legality of online and mobile wagering. However, most ADWs operate in Oklahoma and allow customers to place wagers online. Most of the major US racing betting sites are licensed and active in Oregon today. Oregon Horse Racing Pennsylvania Pennsylvania law authorizes advance deposit wagering and the majority of ADW operators accept residents.

Customers must be 18 or older to bet on horses in Pennsylvania. Pennsylvania Horse Racing Rhode Island Rhode Island regulations touch on simulcast wagering but do not specifically address online wagering.

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Currently, there are no laws preventing US residents from betting on horse racing at a federal level. There are a few states that have passed legislation that keeps horse racing betting outside of their states, but that is in regards to land-based horse racing betting. The best ones are online, offshore racebooks, because they offer the most wagering options on the most races worldwide.

They are regulated by gaming commissions and are completely safe to use, no matter where in the US you live. Online horse racing betting is similar to betting at the track. That means some people only want a single account. For others, though, this could mean creating multiple accounts. The advantage to signing up at more than one online racebook is better odds and more horse racing options. One book may only cover American races, while another covers the European circuit and another covers worldwide events.

Those that cover the same events might have different odds for the same horse, so you can choose to bet at the book that has the more appealing payout. Plus, extra racebook accounts mean extra racebook bonuses. Betting on the Kentucky Derby can be done a few different ways. Morning line odds are not set in stone; what you see in the morning might not be the same as when the windows close minutes before the race.

Morning line odds, like all betting odds, are influenced by what the public is doing. This could mean that a longshot in the morning could have much more favorable odds leading up to the race, and vice versa, the favorite could drop to become a longshot. Morning line odds are just estimates, so they are what you make of them.

Some people prefer to place futures and have already wagered on the race well before the morning of. Others like to watch how the people are betting and wait for the perfect time to place their bets for the best betting odds the day of. Honestly, it just depends on what type of horse racing bettor you are.

All boxing your bet does is allow you to easily wager on all possible outcomes for a given wager type. You can box a trifecta among four horses, five horses, or even more. For example, In the case of a five horse boxed trifecta, if any three of those horses finish , you are paid out. You can also box superfectas. Of course, boxing your bets is expensive, because you have to put up the initial money for each possible result.

There is a threshold after which boxed bets experience a point of diminishing returns, so make sure to crunch the numbers when boxing horse racing bets. The Keying Bet Expand Let's say you've been following the ponies for a bit and you have a very strong feeling about how a particular horse will run on a dry track vs.

This is where you can make a keying bet. This is done by placing the bet on the horse you have "keyed" to win and then selecting all other possible horses to finish in the top, though in no exact order. There are two main types of online horse betting: domestic and offshore. Domestic racebooks are licensed and operated by US-based companies on US soil, and all betting laws apply to them.

Offshore sites are simply racebooks that are located outside of US jurisdiction where America has no legal influence. Both of these avenues are legitimate, though you will get more bang for your buck or oof for your hoof! If you use an online racebook from a reputable offshore operator like those listed here, not only is the service a legitimate one, but it's also much more robust.

Offshore books set their odds and lines based largely on the current odds at the tracks for the races on offer. However, since they have many more bettors in general than an average racetrack, that line will move, and the pool-based payouts are going to be different than at land-based tracks by the time the betting is closed and the gates are open.

That said, despite operating on a different and larger pool of wagers, the wagering itself — and the straights and exotics available to choose from — are identical to what you'd find locally. An added benefit of offshore sites is that they also have futures on the biggest races like the Kentucky Derby, Preakness Stakes, and Belmont Stakes , as well as Triple Crown winner futures and other props that US-based race betting operators can't offer.

Horse racing betting has a storied legacy in the United States, and while it hasn't always been legal, pari-mutuel wagering was first legalized in America in Most state lawbooks actually consider this type of betting to be different from traditional gambling or sports wagering, because as its name implies, it is pool-based.

That's what pari-mutuel means: "mutual betting. Players are paid out according to the amount of money in the pool after the racebook takes its cut, and all payouts are split equally according to the final odds at the start of the race. This is the legal distinction that has allowed horse betting to remain legal even while sports betting was banned for much of the 20th century in the US. Also, as the chief sport for the aristocracy since America's founding, the pastime's dignified reputation allowed it to maintain a more respected status among lawmakers in general.

A domestic racetrack operates most days of the week during the racing season, and there are generally two seasons per year. Horse racing is mostly year-round. Each racing day, you can find races at any given track, and thanks to interstate horse racing, that really adds up.

Horse bettors rarely have much downtime if they access to domestic online racebooks. However, offshore racebooks offer all these races plus full daily racing slates from tracks in multiple other countries, including Canada, Mexico, Japan, England, Ireland, and even various Middle Eastern nations.

Additionally, the Kentucky Derby, Preakness Stakes, Belmont Stakes, and other popular races like the Pegasus Cup and Breeder's Cup can all be found at reputable racebooks online such as the ones listed above. When you use an offshore betting site to play the ponies, you can basically play all day, every day, year-round.

What is the State of the Horse Racing Industry? Since horse racing is exempt from most gambling laws, you may think that online racing is the largest American legal gambling industry right now.