How to Bet a Pick 5 in Horse Racing [Explained]
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Are you looking for the best horse racing betting sites USA, online in 2022?
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While there is no single best online horse betting 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.
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 online horse betting 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.Go to Bet USRacing
Unlike Bet US racing, the Bovada Racing site, 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.Go to Bovada Racing
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.Go to Bet MyBookie Racing
Self-proclaimed ‘last sportsbook you will ever join’ Xbet is another major industry player.
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.Go to Bet Xbet Racing
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 betting 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 horse betting 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.
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 offshore horse racing betting sites listed on this page.
Let us explain 5 of the most common horse racing bets players make on US horse racing.
Like any other sport, online horse betting 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.
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 below.
Generally speaking, the post is the spot on the track where the race begins or the place where the starting gate is stretched across the track. Post position, therefore, is the numbered stall of the starting gate where the horse is loaded at the start of the race.
Like most other tracks, horse racing tracks are arranged in an oval shape. This implies that the longest distance around the racetrack is the outside rail. The horses are however not restricted to any particular lane after the race starts, and there is no staggered start, every horse starts at the same point.
The post position is assigned at the draw, which is when the horses sign up for the race and have their race numbers assigned. In most races, the trainer cannot choose the position they like.
The only exception would be in races like the Kentucky Derby, where the first horse that is drawn into the race first has the chance to choose the best position for themselves.
The post positions are generally divided into the inside, middle and outside post positions.
The outside position is a disadvantage in almost all cases, as horses struggle to break from the outside and move over to the rail which is one of the most important racing strategies.
Still, there are different tactics for bettors depending on the general post position they would like to bet.
Overall, the inside post position should be the most profitable.
When betting, look for horses that have that quick turn of pace or early speed. They typically can get away quickly and establish the early lead in the 1,2 or 3 post position.
They also do not have to navigate through the heavy traffic as they are already at the rail.
This is especially beneficial in tracks where there is a short run to the first turn.
A short run to the turn means there is less time for horses on the outside to dash to the inside rail.
If you would like to bet on the middle post positions, typically between 4 and 8, depending on the number of horses, look for horses that are known to stalk the pace of the race rather than those that set the pace.
In the middle of the pack, they still have a reasonable chance of breaking well and gaining ground by getting over the rail at the earliest opportunity.
Many trainers claim to love the middle position as horses here have less pressure on them and they do not have to get into speed duels or run into traffic trouble.
If you are betting on the outside post position, go for the deep closer horse that loves to trail the pack and pick up speed late.
Still, the outside rail very rarely offers an advantage, and even the deep closer will have to take a strong position early and not cede too much to its rivals.
The most popular wining position/horse.
The question of which post position has the most wins is not as simple as one would hope.
There is no single answer for this, as it generally depends on a wide range of things like the distance, the nature of the surface or track.
In some cases, particular tracks seem to have some sort of bias towards or against certain post positions.
For instance, the post position number 1 in the Kentucky Derby has generally had a dismal win percentage.
Some races might have inside post positions having a higher win percentage, while in others, the odds tilt in favor of the middle positions.
A lot of thought and research has gone into finding the factors to consider when choosing the horse that is most likely to win.
Generally, compared to the middle and inside track positions, the outside has a lower chance of delivering a win, but that is just about it when it comes to picking horses to win by numbers.
According to research, the variables that most accurately predict the chances of a horse winning are the average amount of money earned per race in the current year, the average speed racing in the previous year, and the lifetime win percentage.
Factors like the jockeys, the weight of the horse, and the post position are in the most part inconsequential to the outcome.
Armed with this information, one can have a clearer picture of how often the favorite horse wins.
On average, favorites win about 35% of all races, although this number varies with the distance, surface, and class.
Favorites are more likely to win dirt races than they are in turf races.
Another factor is the number of horses in the race. Favorites tend to win races in small fields than those that have a lot of entrants.
Jockeys and their colors.
For many owners, the selection process of the jockey colors is the most exciting part of the pre-race process. The jockey color system has a long history.
Even though chariot drawn races in Rome might have been the first to do this, the most popular origin story comes from England in the 1700s.
With horse racing becoming more popular, races had more entrants leading to confusion from jockeys donning duplicate colors.
Further complaints emerged when jockeys changed their colors often, creating further confusion among the spectators.
In 1762, the English Jockey Club at Newmarket requested that the owners submit specific colors for their jackets and caps, and the rest, as they say, is history.
In modern-day American racing, these colors are generally not regulated, but each state and sometimes each race, have special registration processes.
For instance, racing in New York requires one to register at the Jockey Club, which has been registering these colored jockey shirts and corresponding helmets, for over 100 years.
Once a color has been registered, the specific color cannot be used by anyone else.
No two jockeys can have the same design, so if an owner has more than one horse in a race, the jockeys must have different colors.
There are about 12 states where online horse betting is not allowed in one way or the other, including the nation’s capital. It is a random mix of states with nothing much in common, except for a few reasons unique to some states.
For instance, in Hawaii and Alaska, the ban on online wagering at horse racing betting sites is a product of the ethical debate surrounding horse and dog racing when they were becoming states in 1959.
In Utah, the horse race betting online ban can be traced to the heavy Mormon influence in the state, while in Nevada, the land-based gambling monopoly is to blame.
In Nevada, off-site gambling is allowed, but online wagers at the horse racing betting sites are generally prohibited instead pushing gamblers into the casinos.
Other states include Washington DC, Texas, South Carolina, Missouri, Nebraska, North Carolina, Georgia, and Mississippi.