Horse Racing betting sites USA Reviews
While there is no single best online horse racing sportsbook, the following are some standout horse racing betting sites bettors in the US would be wise to check out.
All the US horse racing betting sites offers great Rebates on any loses incurred on a weekly basis which means more money back for your horse racing wagers.
Bet US racing
BetUS racing is one of the most popular horse racing betting sites. They technically are not an online racebook, but are generally accepted within the US. They offer races from over 200 race tracks through different online sportsbooks, a marketplace of sorts.
Regardless of where one is in the US, they are almost always guaranteed a race to bet on.
Bet US racing has been endorsed by such famous sporting brands like the ESPN and Sports Illustrated, as well as USA Today and the Courtier-Journal. With so many of the heavy hitters in the sports and media industries throwing their weight behind it, trust is guaranteed.
It is officially licensed in the Isle of Man, UK, and one does not, therefore, have to be in the US to play on the site.
Some of the unique features include a rebate of up to 8% that is paid daily and excellent customer service supported by a 24/7 live chat.
Unlike Bet US racing, Bovada, another of the major horse racing betting sites, only accepts US players. It is, however, very much worth it as it offers access to all the major horse racing events one can bet on, including the Kentucky Derby, the Breeder’s Cup, Preakness, and Belmont Stakes.
Founded by Canadian Calvin Ayre, Bovada is particularly welcoming to new players.
It is relatively easy to set up an account there, with weekly rebates of 3% on straight wagers like win, place, and show, and 5% on exotic wagers like exacta trifecta and superfecta.
Bonuses can go as high as $3000 for both new and existing players.
MyBookie also offers up to an 8% rebate as part of its horse racing program and is approved for use within the US.
The amount of rebate one earns depends on the track and the type of wager one places. New players will enjoy reading our MyBookie sportsbook review as it explains how to get a 50% welcome bonus of up to $1,000.
Xbet has one of the most extensive racing types and races, with options within the US, Canada, and Europe and further afield.
The racing types include harness racing and thoroughbreds. Xbet offers a welcome bonus of up to $300 and is US-approved.
Is Betting on US Horse Racing online Legal?
Off-Track Betting (OTB) was first legalized in 1978 after the passing of the Interstate Horseracing Act (1978). This act made it legal for horse racing venues to accept wagers at off-track locations, as long as all the wagers taken would go straight to the prize pools of the tracks that hosted the actual races.
In 2000, faced with another dilemma, congress eventually amended the act to legalize over the phone wagers, as well as wagers made over other electronic media, paving the way for the first of the legal offshore horse betting websites and betting apps.
Horse racing betting sites online would later transition into a lucrative, multi-billion-dollar industry between 2000 and 2006, before coming under threat again from a new law.
The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 made online gambling illegal, a move that drove some major players out of the industry completely.
It was not until lobby groups pushed for another amendment that online horse racing was again reinstated.
The UIGEA essentially made the acceptance of wagers illegal, even though the actual placing of bets was not illegal in itself.
The new amendment specifically exempted horseracing from the UIGEA’s online gambling prohibition.
Today, American Bettors have thousands of options to choose from when it comes to online wagering on horse races together with a good choice of horse racing betting sites.
To succeed as a bettor, though, one needs to get the lay of the land, beginning with the basics of betting and where it is allowed.
Most popular Horse Races in the US
Some of the most popular races in the country include the Kentucky Derby, Baltimore’s Preakness Stakes, the Belmont Stakes, the Travers Stakes, The Arkansas Derby, the Breeders Cup, and the Pacific Classic Stakes. All the most popular US horse races are available to bet at the horse racing offshore gambling sites listed on this page.
Horse Racing Bets Explained
The most common wagers placed on US horse racing at the best horse racing betting sites are listed and explained below.
Like any other sport, horse racing has several types of wagers.
The simplest is the win, where one places their money on a horse to win the race outright.
There are many more options, though.
The place, for instance, is the bet one would place if they believe their horse will finish first or second.
The show wager is the wager one would place and win if their horse were to finish first, second, or third in the race.
Across The Board
Most people would pick a horse to win, but place a bet described as ‘across the board’. This implies that they get different dollar amounts if the horse were to come first, second or third, essentially covering everything.
Other common wagers include the exacta, trifecta, and superfecta. These are the exotic wagers.
The exacta involves choosing two horses, which then have to finish in the exact order chosen for the bet to pay.
In the trifecta, one attempts to predict the first, second, and third places in a single race.
The superfecta is similar to the trifecta, except one has to correctly pick the exact order in which the top four will finish in any given race. This is a wager directed mostly at the most experienced players.
We answer the most popular questions being asked about USA horse racing betting in 2020 below.