The bottom line
The biggest players also have the resources and connections to set up things like live racing video and to pool your wagers with the wagers placed at the physical track. However, the aforementioned forms of betting were granted an exemption.
This was huge for horse racing as it granted legitimacy to all the websites that were previously operating in a legal grey area. Additionally, each state in the union has the authority to approve or disapprove online horse betting within its borders. Sites that want to be licensed must go and get the approval of each state to which they want to offer their services. Each horse betting site has a slightly different list of accepted and restricted states. Unlicensed sites operate without the permission of any state or federal government.
These tend to be offshore sportsbooks that also host other forms of gambling such as sports and casino games. However, some unlicensed sites are perfectly fine. The ones that are legitimate operate out of countries where there are no laws against betting. The races cover numerous divisions and often, the year-end championships are on the line.
This is the horseplayer equivalent of Christmas and sharp handicappers can pocket significant winnings with such competitive races. One path to success when wagering on horse racing is to develop a strategy and stick to it. Strategies can vary from person to person so it is important to find one that makes sense to you and experiment to see which one yields you the most success. First off, this involves watching a lot of racing.
The more you see, the more you will develop an eye for a horse that ran a good race despite a troubled trip, bad luck or a poor ride. Make note of these horses and pay attention to the next time they are racing.
The average patron may not realize that this horse actually ran a good race the time before and is in better form than he or she appears on paper and therefore, being the astute handicapper that you are, you could get some hidden value.
Even on the days you do not handicap the races, take a few moments and go back and look through the result charts. Do you notice any trends from the day? Sometimes, a track bias can develop which means that the track is heavily playing in favor of horses on the lead or maybe closers. Another thing to keep an eye out for is whether or not an inordinate amount of horses are winning on the rail — sometimes you can see a trend developing.
If you do, watch even more closely the next day to see if that trend or bias is continuing. Some jockey and trainer combinations get hot and stay hot during the course of a race meet. Pay attention and notice when jockey and trainer combinations team up for a high percentage amount of victories.
There are many different ways you can place your bets to maximize both your excitement and potential to cash in. There are simple and relatively exlf explanatory wagers such as win, place and show wagers.
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. Here is a look at some of the best online horse betting sites and apps, and how to get your money online. Many of these are PayPal betting sites. TVG is most famous as the go-to for horse race viewing on television. However, it also offers online horse betting. TwinSpires is one of the most trusted horse racing apps in the business.
It is the official betting partner of the Kentucky Derby. DRFBets is the betting platform of the Daily Racing Form, one of the most trusted sources of information in horse racing.