Horse Racing Gambling
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- The Horse Racing Betting Basics First things first — you need to understand horse racing odds. These are listed as fractions that show you how much you need to spend to make a profit. For example, if Horse 1 has 20/1 odds, you’ll win $21 if you bet $1 (a $20 profit plus the recoup of your bet).
Horse racing is one of the most popular sports in the world for betting on. The major events in particular attract a huge amount of wagers. Races such as the Kentucky Derby and the Grand National are watched by millions of people, and the vast majority of the audience have some money at stake. That’s WHY they’re watching.
Only a small percentage of people watch horse racing purely for the love of the sport. In fact, if it wasn’t possible to wager on horse races, the sport would probably die out. It’s the betting that ultimately appeals to most fans, as that what’s makes the races interesting for them. It simply wouldn’t be the same if they didn’t have a horse to cheer for. They’d never get that feeling of sheer delight when their selection goes flat out in the final straight to finish first past the post.
The exciting nature of horse racing betting is one reason why it’s so popular. Another reason is that it’s VERY easy to get started. Anyone can place a wager on a horse race without knowing much at all about either horse racing or betting.
With that being said, we believe it’s important to understand a few basics before putting any money at risk. That’s why we’ve put together this section of our horse racing guide. It’s aimed primarily at total beginners, but even those who’ve bet on horse racing before can learn something new here.
We start with some basic information about the sport itself, and then move on to the betting side of things. We also provide some useful tips that should help you to get the most out of betting on horse racing.
Place Bet Horse Racing
Betting on horse racing has a long and illustrious history in the US, and is a much wider accessible form of gambling that the majority of other sports.
It is currently legal to place a wager on horse racing online in 41 states across America.
The nine states where you cannot legally place an online bet on horse racing are:
Horse Racing Gambling Online
- Alaska
- Georgia
- Hawaii
- Mississippi
- Nevada
- North Carolina
- South Carolina
- Texas
- Utah
- Washington D.C.
Horse Racing Gambling Tips
The online bookmakers available will vary from state to state, with some online sportsbooks unavailable in certain states.
One of the industry leaders in horse racing betting is TVG. TVG is one of the most reputable names in the business and part of the TVG horse and greyhound racing tv network. With a sole focus on all things racing, be it greyhounds or horses, TVG’s industry expertise is clear to see, and they cover all of the top action from around the world.
While most online sportsbooks offer domestic horse racing odds, those that offer odds on international horse racing typically only cover flagship days like the Epsom Derby, Royal Ascot, or the Prix de l’arc de Triomphe. At TVG, international racing fans can place wagers on racing throughout the week, with a myriad of tracks from Dubai, Australia, Great Britain, China, Ireland, Japan, New Zealand and South Africa available, there are countless races to place a wager on each day.
As well as extensive horse racing coverage, TVG offers competitive odds with regular price boosts, Money-back specials, daily cash giveaways, and unrivaled streaming services for all of the action.
TVG is a particularly good option for those new to the horse racing betting or sports betting in general as they have 11 in-depth tutorial videos available to walk a bettor through all of the account options, how to navigate the website, and explaining all of the betting jargon.
BetAmerica, part of the Churchill Downs incorporation also has a long history within horse racing and their own separate, designated horse racing section to their sportsbook.
BetAmerica offers much the same at TVG with regular offers and comprehensive coverage of both domestic and international racing with an even greater selection of horse racing, with up to 300 tracks shown from North America, Ireland, Sweden, Canada, Norway, Finland, Denmark, Japan, France, the United Arab Emirates, New Zealand, Great Britain, South Africa, Australia, and Argentina.
BetAmerica is also a great option for fans of greyhound racing, where their coverage is unrivaled, showing approximately 1000 races each week.