Gamblers living in the United States are left with few options when it comes to gambling on the Internet. With the recent actions against top poker rooms and processors that catered to US players, many gambling establishments have exited the United States altogether. One type of gambling that is often overlooked is online horse race betting. Placing wagers on horse races is licensed and regulated within the US.
In December 2000 Congress amended the Interstate Horse Racing Act of 1978 and expanded the definition of an interstate off-track wager to include pari-mutuel wagers transmitted between states by phone or other electronic media. The revised statute permits interstate pari-mutuel wagering over the phone or any other mode of electronic communication. This includes the Internet as long as the wagers are legal in both states.
Ready to give online horse betting a try? If so, we highly recommend TwinSpires. TwinSpires is online horse wagering that combines the latest technology with the best racing content, backed by the integrity and tradition of Churchill Downs which is the home of the world-famous Kentucky Derby. They offer a generous $100 signup bonus for new players.
Horse racing is the king of sports. Betting on horse races has thrilled millions of people for centuries. To place a bet on a horse online, you will need to find a reputable website that is backed by a solid company. We have researched the online sites for horse betting and have provided advertisements throughout this section to only the most reputable sites for betting on horses online.
When setting up an account to bet on horses online, be prepared to provide some personal information. Because of regulations of State Racing Commissions in the United States, horse betting websites are required to collect your name, social security number, email and residential information as part of a process to verify the age and address of their members. This process is in place to protect against underage wagering.
Horse bets are placed based on the
numbers that are assigned to each
horse by the track where they are
running. These numbers can be found
alongside the names of the
corresponding horses within the
race program or on the betting
website. If a horse is
"scratched", this means they have
been withdrawn from the race and no
wagers will be accepted for this
odds are a rough approximation of
how much a horse will pay if it
wins the race. All monies wagered
on a race are counted and placed
into pools. A pool is where all of
the money wagered on a particular
bet are held pending the out
come of the race. These monies will
be redistributed to betting patrons
that have wagered on the correct
outcome. A percentage of the monies
within the pool are withheld for
taxes, horseman and racetracks.
The size of the bets are determined by the track where the race will be run. Typically, the minimum bet is $1 for all bets. However, .50 trifecta and superfecta box bets can often be placed. The odds are computed using the sales (bets) minus government and and handling taxes. Follow the links at the bottom to learn more about horse racing.
Horse Betting Article: Gosden planning two-pronged assault on Epsom Derby
Horse Betting Article: 5 Habits of Losing Horse Punters
Horse Betting Article: Golden Rules of Horse Betting
Horse Betting Article: Triple Crown Races
We are not lawyers and do not offer legal advice. It is always best to check your local laws and jurisdictions before placing real money bets. Please consult our legal disclaimer for further information.