Where To Place Horse Bets
Place: Easy: $3-$10: Your horse can finish first or second and you will collect. Pays a bit better than show, but you won't get rich on this path. Win: Moderate: $4-$50+ Your horse must finish first (WIN) in order to collect. Most traditional bet type and still one of the best. Quinella: Less Tough: $5-$75. Place: Bet a horse to finish first or second. Show: Bet a horse to finish first, second, or third. Across the board: Bet a horse to win, place, and show. If the horse wins, you get win, place, and show money. If it finishes second, you get place and show. If it comes in third, you get show. Exacta: Bet the first two finishers in a race in exact. The “place bet” in horse racing is a wager on a single horse to finish in first or second place. In this case, the bettor is said to be “betting on the horse to place.” A place bet wins if the horse finishes anywhere in the top two places.
Horse betting online is a great way to find betting lines on horses. Navigating through online horse betting websites can be difficult. Especially if you are an American player. Good thing, the world is morphing into a more online, electronic interface. Making online horse betting easier to navigate.
Betting Online on Horse Races
Horse betting online took rise in the 1980s. Before that horse gambling had to take place on the tracks. As the internet developed, so did online betting horses. Now, almost all major race tracks have their betting platform. Allowing bettors to place live bets from anywhere in the world.
Welcome Bonuses
Where To Place Horse Bets In Phoenix
Because of the variety of betting websites. Serious racebooks will use incentives to catch your attention. These sites won't hesitate to match your first deposit by 50 or 100%. Encouraging you to place better or more bets.
Advantages of betting online
Betting online is a convenient way to bet on horse racing. It can be done anywhere, and at any time. If you schedule doesn't allow you to make a trip to the track, online is perfect.
- Betting online can earn you bonuses and rewards not offered at the race track.
- It gives you the freedom to be more selective on what you bet on.
- It allows you to analyze past performances to select the winner.
What are the best online horse betting sites?
Finding the best horse racing gambling site is a personal choice. Everyone has a different incentives that attract them. Every betting website will offer different bonuses and rewards.
Make sure you bet on the Kentucky Derby. That's because betting on the Kentucky Derby is a great way to get a good return on investment
Here, are the best online horse racing betting sites, based on research:
Where To Place Horse Bets
BovadaIntertopsBetOnlineMyBookieSportsBetting.agSo how do you place bets online?
- Sign up, or log into your favorite site
- Select the race you wish to bet on
- Place your bet. This is where you can choose to do a single wager or an exotic wager
- Pick how much you want to bet
- You'll get a confirmation
- Watch the race.
Is horse race betting Legal in the US?
The the instatement of the Unlawful Internet Gambling Enforcement Act in 2006. It stopped Poker, Casinos and Sportsbooks from accepting US wagers. However, Horse racing betting sites got a carve-out.
They did this by only allowing pari-mutuel pools. This loophole allows any state to place an online horse racing bets
Is US horse betting legal online in my state?
38 states allow bidders to place online bets for horse races. They are:
- Alabama
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Louisana
- Maine
- Maryland
- Massachusetts
- Michigan
- New Jersey
- Minnesota
- Montana
- New Hampshire
- New Mexico
- North Dakota
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Dakota
- Tennessee
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Online horse racing betting is a great way to get your bet out there. Allowing even a bettor with a business schedule to place a bet. Doing your research to the find the right website for you. Will help you get the most rewarding experience. Allowing you to thoroughly enjoy betting horse racing as a rewarding past time.
Bet on horse racing with more knowledge, thanks to this quick guide. We provide information on how to bet, including types of wagers, how parimutuel wagering works, plus tips on how to structure your bets.
Once you've read our guide, you'll be ready to sign up, get your Welcome Bonus and start winning today!
TYPES OF WAGERS
Where To Place Horse Bets
Same-Race/Intra-Race Bets
| TYPE | DIFFICULTY | $2 PAYOFF LIKELY RANGE | EXPLANATION |
|---|---|---|---|
| Show | Easiest | $2.10-$4 | Your horse can finish first, second or third and you will collect. The most conservative wager in racing and your safest chance at cashing a ticket. |
| Place | Easy | $3-$10 | Your horse can finish first or second and you will collect. Pays a bit better than show, but you won't get rich on this path. |
| Win | Moderate | $4-$50+ | Your horse must finish first (WIN) in order to collect. Most traditional bet type and still one of the best. |
| Quinella | Less Tough | $5-$75 | Your horses must finish first and second – in any order – in order to collect. A more conservative approach than the exacta, hence a smaller return. Because exacta boxes are essentially the same thing, not all tracks offer quinellas. |
| Exacta | Tough | $10-$150 | Your horses must finish first and second – in the exact order – in order to collect.You're beginning to take risks, but the rewards sweeten. Experienced horse players often box, key or formulate partial wheels based on their opinions (see below). |
| Trifecta | Tougher | $50-$1000+ | Your horses must finish first, second and third in order to collect. Now, you're pushing your luck! Very popular wager with big returns if you can conquer it. Experienced horse players often box, key or formulate partial wheels based on their opinions. |
| Superfecta | Toughest | $100-$5000+ | Your horses must finish first, second, third and fourth in order to collect. A major thrill-seeking wager for a single race. Good luck, but note that the odds are against you. Experienced horse players often box, key or formulate partial wheels based on their opinions. The 10-cent superfecta has become a very popular wager in recent years. The lower cost allows players to use more horses on their tickets without having to break the bank. |
| Super High 5 | Lotto-Like | $3000+ | Your horses must finish first, second, third, fourth, and fifth in order to collect. The ultimate thrill-seeking wager for a single race. The Super High Five most often is offered just once daily on a racing program, customarily the last race of the day. If no one hits all 5 horses in order, a % of the money bet (called the “pool”) will carry over to the next racing day's High 5. |
TYPES OF WAGERS CONTINUED
Multi-Race/Intra-Race Bets - Often Called Exotic Wagers
| TYPE | DIFFICULTY | $2 PAYOFF LIKELY RANGE | EXPLANATION |
|---|---|---|---|
| Daily Double | Easiest | $15-$150 | You must correctly select the winners of two consecutive races. Both must win in order for you to collect. Often held on the first two races and the last two races of the day. |
| Pick Three | Tough | $50-$500+ | You must correctly select the winners of three consecutive races. All three must win in order for you to collect. Much tougher than the daily double, but payoffs typically make up for it. Experienced horse players often use more than one horse in each race of the pick three sequence box, but the more horses you use, the higher the cost of your ticket. |
| Pick Four | Tougher | $200-$2000+ | You must correctly select the winners of four consecutive races. All four must win in order for you to collect. Challenging wager that has become very popular in recent years. Experienced horse players often use more than one horse in each race of the pick four sequence box, but the more horses you use, the higher the cost of your ticket. |
| Pick Five | Toughest | $300-$100,000 | You must correctly select the winners of five consecutive races. All five must win in order for you to collect. Challenging wager that became very popular during the spring/winter '11 meet at Gulfstream. Reducing the minimum wager from $1 to 50-cents, which some tracks have also done with their Pick Fours, allows fans of the bet to potentially utilize more horses in each leg of the sequence. The more horses you use, the higher the cost of your ticket. |
| Pick6 | Lotto-Like | $1000-$1million | You must correctly select the winners of six consecutive races. All six must win in order for you to collect. The ultimate jackpot wager in the racing industry is not for cautious types. If no one holds a perfect ticket on a given day, the majority of that day’s pool will be carried over to the next racing day, greatly increasing the amount of money in the jackpot. Experienced horse players often use more than one horse in each race of the pick six sequence, but the more horses you use, the higher the cost of yourticket. With six races in the sequence, the ticket cost can multiply quickly. |
PARIMUTEL WAGERING
Unlike a casino, Xpressbet has no financial interest in who wins or loses. They merely serve as a broker. Of the money that’s wagered, percentages are deducted for the track, the state and for purse money (this is called the “takeout”). In essence, you are wagering against everyone else in a competitive format. The money that’s wagered creates a “pool.” Once the race is run and declared official, payouts are determined based on the number of correct tickets.
| ODDS FOR $2 WIN WITH RESULTING PAYOFFS | |
|---|---|
| 1-9 | $2.20 |
| 1-5 | $2.40 - $2.60 |
| 2-5 | $2.80 |
| 1-2 | $3.00 |
| 3-5 | $3.20 - $3.40 |
| 4-5 | $3.60 - $3.80 |
| 1-1 | $4.00 - $4.20 |
| 6-5 | $4.40 - $4.60 |
| 7-5 | $4.80 |
| 3-2 | $5.00 |
| 8-5 | $5.20 - $5.40 |
| 9-5 | $5.60 - $5.80 |
| 2-1 | $6.00 - $6.80 |
| 5-2 | $7.00 - $7.80 |
| 3-1 | $8.00 - $8.80 |
| 7-2 | $9.00 - $9.80 |
| 4-1 | $10.00 - $10.80 |
| 9-2 | $11.00 - $11.80 |
| 5-1 | $12.00 - $13.80 |
| 6-1 | $14.00 - $15.80 |
| 7-1 | $16.00 - $17.80 |
| 8-1 | $18.00 - $19.80 |
| 9-1 | $20.00 - $21.80 |
| 10-1 | $22.00 - $23.80 |
EXOTIC WAGERING TIPS
Box: Most horseplayers utilize the “box” when it comes to playing exactas, trifectas and superfectas. By “boxing” horses, they can run in any order, so long as you have the right combinations. For instance, if you like #1 and #2 for the exacta, if you “box” the exacta, you will collect if they finish 1-2 or 2-1. The chart below will help you calculate the cost to make a “box” wager:
| $1 EXACTA BOX | |
|---|---|
| 2 horses | costs $2 (2x1) |
| 3 horses | $6 (3x2) |
| 4 horses | $12 (4x3) |
| 5 horses | $20 (5x4) |
| 6 horses | $30 (6x5) |
| $1 TRIFECTA BOX | |
|---|---|
| 3 horses | costs $6 (3x2x1) |
| 4 horses | $24 (4x3x2) |
| 5 horses | $60 (5x4x3) |
| 6 horses | $120 (6x5x4) |
| DIME SUPERFECTA BOX | |
|---|---|
| 4 horses | costs $2.40 (4x3x2x1 x 10 cents) |
| 5 horses | $12 (5x4x3x2 x 10 cents) |
| 6 horses | $30 (6x5x4x3 x 10 cents) |
Wheel: Horseplayers who really like one horse may decide to “key” or “wheel” that runner with all other betting options, hoping to catch a longshot to round out their wager. This option is particularly popular in daily doubles and exactas.
Partial Wheel: This is the art of using multiple horses in a given position. For example, if you like the #1 and the #4 equally, and I think #2 and #7 are also good enough for second, you could construct an exacta ticket this way – 1-4 with 1-2-4-7. You would then have played six combinations: 1-2, 1-4, 1-7, 4-1, 4-2 and 4-7. If you bet this ticket for $2, your cost would be $12 (6 combinations X $2 = $12).
DRAWING “THE LINE'
The job of a morning-line maker is to predict, as accurately as possible, the final odds of each individual race on a day’s program.
When calculating odds, the final total of points should add between 122 and 126.
| Odds | Points | Odds | Points |
|---|---|---|---|
| 1-5 | 70 | 7-2 | 22 |
| 2-5 | 65 | 4-1 | 20 |
| 3-5 | 60 | 9-2 | 18 |
| 4-5 | 55 | 5-1 | 17 |
| 1-1 | 50 | 6-1 | 14 |
| 6-5 | 45 | 8-1 | 11 |
| 7-5 | 41 | 10-1 | 9 |
| 8-5 | 38 | 12-1 | 8 |
| 9-5 | 35 | 15-1 | 6 |
| 2-1 | 33 | 20-1 | 5 |
| 5-2 | 28 | 30-1 | 3 |
| 3-1 | 25 | 50-1 | 2 |
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