{"id":72,"count":5,"description":"<h1>Best Horse Racing Betting Sites USA [tm_date default=\"Y\"] - How to Bet on Horse Racing?<\/h1>\r\nThere are so many <strong>horse racing betting sites<\/strong> online today, it can be tricky to know where to begin. If you\u2019ve found your way to this page, the chances are you\u2019re looking for some assistance. And that\u2019s what we\u2019re here to deliver!\r\n\r\nIn this guide, we\u2019ll help you to understand everything about betting on horse racing. From interpreting the odds and discussing popular betting markets, to bonus offers and wagering tips, we\u2019ll leave no stone unturned. But before we do any of that, let\u2019s reveal the best horse racing betting sites online today.\r\n<h2 id=\"sites\">Top Horse Racing Betting Sites in the USA<\/h2>\r\nOur team is full of big betting brains, with decades of combined industry experience. We trawl the internet comparing bookmakers to find the safest betting sites that offer the best odds and the most rewarding promotions.\r\n\r\nHere\u2019s our expert verdict on the USA\u2019s top horse racing betting sites.\r\n\r\n[tm_geocontent excluded_states=\"AZ,CO,CT,DE,IN,IA,IL,LA,MI,MS,NY,NJ,PA,TN,VI,WV,WY\"]\r\n\r\n[toplist id=\"109\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"AZ\"]\r\n\r\n[toplist id=\"142\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"CO\"]\r\n\r\n[toplist id=\"147\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"CT\"]\r\n\r\n[toplist id=\"143\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"DE\"]\r\n\r\n[toplist id=\"157\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"IN\"]\r\n\r\n[toplist id=\"152\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"IA\"]\r\n\r\n[toplist id=\"135\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"IL\"]\r\n\r\n[toplist id=\"154\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"LA\"]\r\n\r\n[toplist id=\"130\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"MI\"]\r\n\r\n[toplist id=\"144\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"MS\"]\r\n\r\n[toplist id=\"155\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"NY\"]\r\n\r\n[toplist id=\"127\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"NJ\"]\r\n\r\n[toplist id=\"91\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"PA\"]\r\n\r\n[toplist id=\"117\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"TN\"]\r\n\r\n[toplist id=\"153\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"VI\"]\r\n\r\n[toplist id=\"150\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"WY\"]\r\n\r\n[toplist id=\"156\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n\r\n[tm_geocontent states=\"WV\"]\r\n\r\n[toplist id=\"156\" template=\"bbc_usps_rating\"]\r\n\r\n[\/tm_geocontent]\r\n<h2>Contents<\/h2>\r\nOkay, now that you\u2019re familiar with the best horse racing betting sites, let\u2019s crack on with the rest of our guide. If you\u2019re looking for some specific advice, feel free to jump straight to that section using the links below.\r\n<ul>\r\n \t<li><a href=\"#sites\">Top Horse Racing Betting Sites<\/a><\/li>\r\n \t<li><a href=\"#intro\">About Horse Racing Betting<\/a><\/li>\r\n \t<li><a href=\"#odds\">Understanding Racing Odds<\/a><\/li>\r\n \t<li><a href=\"#markets\">Popular Horse Racing Markets<\/a><\/li>\r\n \t<li><a href=\"#in-running\">In-Running Horse Racing Betting<\/a><\/li>\r\n \t<li><a href=\"#apps\">Horse Betting Apps<\/a><\/li>\r\n \t<li><a href=\"#tips\">Top 5 Horse Racing Betting Tips<\/a><\/li>\r\n \t<li><a href=\"#events\">Major Horse Racing Betting Events<\/a><\/li>\r\n \t<li><a href=\"#promos\">Common Horse Racing Bonus Offers<\/a><\/li>\r\n \t<li><a href=\"#gettingstarted\">How To Start Betting on Horses<\/a><\/li>\r\n \t<li><a href=\"#conclusion\">Conclusion<\/a><\/li>\r\n \t<li><a href=\"#faq\">FAQs<\/a><\/li>\r\n<\/ul>\r\n<h2 id=\"intro\">About Horse Racing Betting<\/h2>\r\nHorse racing is known as the \u201csport of kings\u201d for good reason. Organized racing in the UK can be traced back to the 1600s and King James I. Racing has a similarly lengthy history in the USA, due to the links between the two countries. But if you look at any part of the world, you\u2019ll find horse racing associated with wealth and the aristocracy.\r\n\r\nWherever there are organized horse racing events, you\u2019re sure to find betting. There are many different ways to wager on horses, as we\u2019ll discuss later in this guide. But the most common method is through pool betting, or pari-mutuel.\r\n\r\nHowever, fixed odds betting was pioneered by UK bookmakers and is now available at many horse racing betting sites in the USA. This enables you to guarantee the odds on a horse so that you\u2019ll know your potential returns before the race begins.\r\n\r\n<img class=\"alignnone wp-image-419407 size-full\" title=\"Best Horse Racing Betting Sites USA - How to Bet on Horse Racing?\" src=\"https:\/\/bestbettingcasinos.com\/wp-content\/uploads\/sports-betting-horse-racing.jpg\" alt=\"Best Horse Racing Betting Sites USA - How to Bet on Horse Racing?\" width=\"932\" height=\"400\" \/>\r\n<h2 id=\"odds\">Understanding Racing Odds<\/h2>\r\nAs we mentioned, you have two distinct types of horse racing betting. Some bookmakers use fixed odds and other sites offer pari-mutuel betting. Let\u2019s talk a little more about both.\r\n<h3>Pari-Mutuel Betting<\/h3>\r\nThis type of betting is seen most frequently in the United States. Every bet placed on a specific market is pooled together. After the race is run, the total fund is split evenly between the winning tickets. A dividend is declared, which determines your total payout.\r\n\r\nFor example, let\u2019s take a look at the result of the 2022 Kentucky Derby. The race was won by the outsider Rich Strike, so not many people would have backed the winner. Here are dividends based on a $2 bet:\r\n<ul>\r\n \t<li>Win: $163.60<\/li>\r\n \t<li>Place: $74.20<\/li>\r\n \t<li>Show: $29.40<\/li>\r\n<\/ul>\r\nWhat does this mean? If you\u2019d placed a $2 bet on Rich Strike to win the Kentucky Derby, you\u2019d receive a whopping $163.60! So if you\u2019d bet $5 instead, you\u2019d be walking away with $409 in returns.\r\n<h3>Fixed Odds Betting<\/h3>\r\nThis is the most popular way to bet in the UK. It is becoming more common in America as offshore betting sites now provide their services to US residents. The main reason for its success is that you know what you stand to win ahead of time. With pari-mutuel betting, you don\u2019t see your returns until after the race.\r\n\r\nLet\u2019s take a look at a fictional horse racing market as an example:\r\n<ul>\r\n \t<li>Mo Donegal: -150<\/li>\r\n \t<li>We The People: +330<\/li>\r\n \t<li>Rich Strike: +700<\/li>\r\n \t<li>Creative Minister: +750<\/li>\r\n<\/ul>\r\nThe lower the number seen in the odds, the stronger the chance that horse has to win the race. If the probability of a win is greater, bookmakers are naturally going to pay out less. With any form of sports betting, the rewards are much bigger for successfully predicting an upset.\r\n\r\nIf we see a positive (+) value in the odds, that tells us the profit we\u2019d earn from a bet of exactly $100. So in the case We The People, a $100 would make a $330 profit. Because your stake is always returned with a winning bet, the overall returns would be $430.\r\n\r\nSometimes, a horse will have a negative (-) odds value. In that case, the number represents how much you\u2019d need to stake in order to win exactly $100. So in the above example, a $150 bet on Mo Donegal would produce a profit of $100. Therefore our total returns for a winning bet would be $250\r\n<h3>Different Odds Formats<\/h3>\r\nIn our above examples, we used the US odds format, but many horse racing betting sites do things differently. In the United Kingdom, for instance, the traditional way to bet on racing is using fractional odds.\r\n\r\nThe European decimal system is increasingly common at betting sites across the globe, due to its simplicity. But Asian countries all have their own ways of displaying the odds too. The table below shows how certain odds would look in different parts of the world. <a href=\"https:\/\/bestbettingcasinos.com\/us\/guides\/how-do-betting-odds-work\/\">Visit this page to learn more about how odds work around the world.<\/a>\r\n\r\n[table id=428 \/]\r\n<h3>How are Horse Racing Odds Compiled?<\/h3>\r\nThe art of bookmaking is a well-established practice that involves plenty of skill. These days though, it\u2019s made much easier by the use of computer algorithms and betting exchanges. Lots of factors are taken into account, including the horse\u2019s recent results (form) and the weather conditions affecting the ground (going).\r\n\r\nOnce the bookmaker has determined the relative probabilities of each horse winning the race, they can be converted to odds. But not before building in what we call the \u201cvigorish\u201d, or \u201cjuice\u201d. The probabilities should add up to 100%, but they never do. The total is always higher, which is known as \u201cover round\u201d. That\u2019s because the bookies need to ensure a long-term mathematical edge in order to turn a profit.\r\n\r\nOnce the market has been formed, the bookmaker starts to accept bets. If the betting public feels that the bookie has made a mistake, money will pour in for those horses. Naturally, the bookmaker will then trim those prices accordingly, lengthening the odds of other selections to balance the book.\r\n<h2 id=\"markets\">Popular Horse Racing Markets<\/h2>\r\nOkay, let\u2019s talk about the most popular betting opportunities found at online horse racing sites.\r\n<h3>Win<\/h3>\r\nAs the name suggests, a bet to win only requires you to identify which horse will cross the line first. It\u2019s the easiest and most common way to partake in horse racing betting.\r\n\r\n<img class=\"alignnone wp-image-579924 size-full\" title=\"Bet on what horse finishes first\" src=\"https:\/\/bestbettingcasinos.com\/wp-content\/uploads\/betting-on-horse-racing.jpg\" alt=\"Bet on what horse finishes first\" width=\"932\" height=\"450\" \/>\r\n<h3>Place<\/h3>\r\nIn the USA and Canada, a \u201cplace\u201d refers to a front two finish. So if you back the horse to place, you will be paid the same whether it finishes first or second. The returns are reduced when compared to a win bet, as you have two chances to be successful.\r\n<h3>Show<\/h3>\r\nTo land a show bet, your pick must finish the race in the front three. The returns are likely to be lower than betting to win or to place, as it\u2019s much easier to succeed.\r\n<h3>Exacta<\/h3>\r\nSometimes called a \u201cforecast\u201d, the exacta bet requires you to identify both the winner and the runner-up. Crucially though, you need to have them in exactly the right order for the exacta to win, hence the name.\r\n<h3>Quinella<\/h3>\r\nA quinella is similar to an exacta, but you will win if the two picks finish in any order. For example, if you predict 3 to beat 6 and 6 wins with 3 finishing second, you will still be paid. Since you have two chances with a quinella, the payout will be less than that of an exacta.\r\n<h3>Each-Way<\/h3>\r\nThis is effectively two different wagers. A $10 each-way bet will actually cost $20, as $10 goes toward the horse winning and the rest towards it making the frame. The exact terms of an each-way bet depend on the type of race and the number of horses. But it might be something like 1\/5 of the odds for finishing in the first three.\r\n<h3>Parlay<\/h3>\r\nIt\u2019s very common for bettors to link multiple picks from different races together into a <a href=\"https:\/\/bestbettingcasinos.com\/us\/guides\/parlay-betting-explained\/\">parlay<\/a>. That\u2019s because the odds are multiplied together, producing some potentially mouth-watering returns. Beware though, for it makes it much tougher to win!\r\n<h3>Futures<\/h3>\r\nHorse racing experts enjoy the futures markets found at online betting sites. Trying to predict the winner of a big race months into the future is a tricky puzzle, but extremely rewarding when you win. Both in terms of satisfaction, but also financially, since the odds tend to be bigger.\r\n<h2 id=\"in-running\">In-Running Horse Racing Betting<\/h2>\r\nLive betting has revolutionized the world of sports betting, allowing you to bet after a game has started. But the concept was actually developed in horse racing, when betting sites began offering \u201cin-running\u201d bets.\r\n\r\nBetting exchanges like Betfair were the first to offer live horse racing betting. During the race, you can bet on the horse to win. But you may also choose to \u201clay\u201d, which is effectively betting on the horse to not finish in first place.\r\n\r\nAs technology developed, internet speeds improved and everyone transitioned to smartphones. This has driven online bookmakers to improve their live betting sites in all areas, with horse racing proving no exception. Nowadays, it\u2019s possible to stream live races and benefit from all kinds of in-running markets, promotions and features like cashout.\r\n<h2 id=\"apps\">Horse Betting Apps<\/h2>\r\nThe aforementioned improvements in technology also led to the production of horse racing <a href=\"https:\/\/bestbettingcasinos.com\/us\/sportsbooks\/best-sports-betting-apps-usa\/\">betting apps<\/a>. There\u2019s a lot more to these apps than just live streams, in-running bets and mobile betting promotions though.\r\n\r\nThey\u2019re optimized to suit your specific device, making for a really smooth betting experience. So no matter whether you\u2019re team Android or Apple, mobile betting apps make for faster page loading and bet placement times. Graphics are sharp and streams less laggy, with less data usage all round. But apps are also just convenient, as you won\u2019t need to constantly log in and remember usernames, passwords and bank details.\r\n\r\nIf you\u2019d prefer not to use mobile betting apps for horse racing, that\u2019s no problem. Most online bookmakers today have mobile-first websites. So even if you load the regular betting site up in your mobile browser, all of the elements will display properly. Simply log in as you would on a desktop computer and enjoy the full range of betting products with no loss of functionality.\r\n\r\n<img class=\"alignnone wp-image-582306 size-full\" title=\"In-Running Horse Racing Betting\" src=\"https:\/\/bestbettingcasinos.com\/wp-content\/uploads\/betmgm-sportsbook-app.jpg\" alt=\"In-Running Horse Racing Betting\" width=\"932\" height=\"650\" \/>\r\n<h2 id=\"tips\">Top 5 Horse Racing Betting Tips<\/h2>\r\nNow it\u2019s time to reveal some horse racing tips to help you get the most out of your betting.\r\n<h3>Tip 1: Shopping for odds is crucial<\/h3>\r\nYou wouldn\u2019t pay $100 for a watch if the same product was on offer elsewhere for $70. Gambling is no different. With hundreds of horse racing betting sites out there, it\u2019s important to shop around. Use comparison sites to make life easier, but make sure to open multiple accounts and always take the best odds.\r\n<h3>Tip 2: Avoid placing parlay bets<\/h3>\r\nIt\u2019s tempting to parlay your selections to try and increase the potential returns. But if you understand the mathematics of bookmaking, you\u2019ll know that you\u2019re just multiplying the bookmaker\u2019s edge. It\u2019s so much harder to win parlays, due to the increased risk. That\u2019s why the betting sites encourage you to place them. Disappoint them!\r\n<h3>Tip 3: Avoid the so-called experts<\/h3>\r\nThere are lots of \u201cexperts\u201d in the world of horse racing. While it\u2019s important to listen out for the opinions of top jockeys and trainers, avoid the pundits. Do your own analysis, trust your knowledge and research and don\u2019t be distracted by media personalities paid to spout nonsense. And avoid paid tipping services at all costs. If they really worked, the tipsters would simply bet on their own picks. There\u2019s no need to sell the advice.\r\n<h3>Tip 4: Don\u2019t force a bet<\/h3>\r\nSo you spent a long time poring over videos of past races and analyzing the form. But you\u2019re still none the wiser about which horse will win. That\u2019s fine, simply move on to the next race. Don\u2019t try to push a tiny edge. If you\u2019re not sure, come back another time. There are dozens of horse races every single day and there\u2019s no need to rush!\r\n<h3>Tip 5: Become an expert<\/h3>\r\nLots of new bettors spread themselves too thinly. It pays to know one specific niche inside out. Master the three year old races, or focus on one specific track, for instance. You could specialize in National Hunt racing in the UK, or major international events. Whatever you choose, focusing all of your time into mastering one specific area will improve your long-term results.\r\n<h2 id=\"events\">Major Horse Racing Betting Events<\/h2>\r\n[table id=430 \/]\r\n<h2 id=\"promos\">Common Horse Racing Bonus Offers<\/h2>\r\nIn the world of horse racing, you\u2019ll find all kinds of different bonuses and promotions. That\u2019s because there are so many betting sites around today, fighting for your attention. Here are some of the most frequently observed offers that you can take advantage of.\r\n<h3>Free Bets<\/h3>\r\nA <a href=\"https:\/\/bestbettingcasinos.com\/us\/free-bets\/\">free bet<\/a> is a token given which permits you to place a wager without needing to stake real money of your own. If the bet comes in, you\u2019ll keep all of the profits, though not the value of the free bet itself. But of course, should the bet lose, it\u2019s the bookmaker who\u2019s footing the bill.\r\n<h3>Risk-Free Bets<\/h3>\r\nSome horse racing betting sites prefer to award <a href=\"https:\/\/bestbettingcasinos.com\/us\/free-bets\/risk-free-bet\/\">risk-free bets<\/a>. They might sound the same, but it\u2019s a very different type of promotion. You\u2019ll need to spend your own cash on placing the bet. But if it loses, you\u2019ll be compensated in some way. That\u2019s usually with a free bet token equal to the value of the real money bet.\r\n\r\n<img class=\"alignnone wp-image-587605 size-full\" title=\"Caesars Sportsbook Risk-Free Bet\" src=\"https:\/\/bestbettingcasinos.com\/wp-content\/uploads\/caesars-sportsbook-bonus.jpg\" alt=\"Caesars Sportsbook Risk-Free Bet\" width=\"932\" height=\"400\" \/>\r\n<h3>Deposit Match Bonuses<\/h3>\r\nThe most common form of welcome bonus found at the top horse racing betting sites is a deposit match. Fund your new account with real money and the bookmaker will match the value of your deposit with bonus credits. Sometimes, the match bonus will be in excess of 100%, giving you even more bang for your buck!\r\n<h3>Bet and Get<\/h3>\r\nThe \u201cbet and get\u201d is increasingly common at online bookmakers offering horse racing or sports betting. It\u2019s a simple premise: place a specific number of wagers at a certain value to receive a reward. For instance, three wagers of $25 on horse races of your choice might earn you a free bet token of $25.\r\n<h3>Best Odds Guaranteed<\/h3>\r\nThis promotion is unique to horse racing betting sites and it originated with British bookmakers. Betting markets can be volatile, so the odds might go up as well as down. Best Odds Guaranteed, or BOG for short, protects you against this. Let\u2019s say you bet at odds of +300 but by the time of the race, the odds have risen to +350. In that case, a bookmaker offering BOG will pay your winning bet at +350 instead.\r\n<h3>Enhanced Each-Way Terms<\/h3>\r\nThe horse racing betting industry has standard each-way terms, as discussed earlier in this article. But for big races, many bookmakers offer improved terms as a promotion. It might be that they pay out more places than normal. Or it could be that the odds themselves are enhanced.\r\n<h2 id=\"gettingstarted\">How To Start Betting on Horses<\/h2>\r\nYou\u2019re probably getting in the mood to place a bet if you\u2019ve made it this far through the article! If you\u2019re still not sure about how to register with horse racing betting sites, simply follow the below steps to get going.\r\n<h3>1: Choose a bookmaker<\/h3>\r\nAlthough most online horse racing betting sites are honest, there are a few questionable operators. Take your pick from our list of trusted brands, to ensure you don\u2019t get ripped off.\r\n<h3>2: Open the account<\/h3>\r\nOnce you\u2019ve loaded up an online betting site, you\u2019ll need to register. Click the button to open the signup form and fill out your personal details. This is standard with all properly licensed bookmakers, so don\u2019t worry about sharing sensitive data.\r\n\r\n<img class=\"alignnone wp-image-580099 size-full\" title=\"Getting started with betting on horse racing\" src=\"https:\/\/bestbettingcasinos.com\/wp-content\/uploads\/registration-betmgm-sportsbook.jpg\" alt=\"Getting started with betting on horse racing\" width=\"932\" height=\"500\" \/>\r\n<h3>3: Claim your bonus<\/h3>\r\nAll betting sites approach this differently, so pay attention to the terms of the welcome bonus. Some require you to input a promo code on the signup form. Others will allow you to choose from a list of bonuses immediately after registering. While many ask for a code when making your first deposit.\r\n<h3>4: Fund your wallet<\/h3>\r\nNext up, it\u2019s time to visit the cashier and make your first real money deposit. Choose your payment option and enter the amount you wish to deposit. Pay attention to any information on the screen, such as minimum deposit limits, and wait for the transaction to complete.\r\n<h3>5: Place your bets<\/h3>\r\nSee, we told you it was easy! That\u2019s all there is to it. Now that you have money in your wallet, you\u2019re free to browse through the various horse racing markets and strike a bet. Good luck!\r\n<h2 id=\"conclusion\">Conclusion<\/h2>\r\nThank you for reading our guide to betting on the sport of kings. We\u2019re certainly covered a lot of ground! Hopefully you are now well versed in the most popular ways to bet, the most common promotions and you fully understand the odds.\r\n\r\nIf you\u2019re ready to saddle up and start playing, be sure to register at one of our <strong>top-rated horse racing betting sites<\/strong>. Firstly, you\u2019ll collect a sizable welcome bonus to help get you started. But above all, they\u2019re safe and secure places at which to bet. Good luck!\r\n<h2 id=\"faq\">FAQs<\/h2>\r\n[faq id=\"588050\"]\r\n<h2>Latest Horse Racing Content<\/h2>","link":"https:\/\/bestbettingcasinos.com\/us\/sportsbooks\/horse-racing-betting-sites\/","name":"Horse Racing Betting Sites","slug":"horse-racing-betting-sites","taxonomy":"category","parent":62,"meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Horse Racing Betting Sites Archives - \ud83c\uddfa\ud83c\uddf8 Best Betting Casinos - USA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bestbettingcasinos.com\/us\/sportsbooks\/horse-racing-betting-sites\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Horse Racing Betting Sites Archives - \ud83c\uddfa\ud83c\uddf8 Best Betting Casinos - USA\" \/>\n<meta property=\"og:description\" content=\"Best Horse Racing Betting Sites USA 2024 &#8211; How to Bet on Horse Racing? There are so many horse racing betting sites online today, it can be tricky to know where to begin. If you\u2019ve found your way to this page, the chances are you\u2019re looking for some assistance. And that\u2019s what we\u2019re here to deliver! In this guide, we\u2019ll help you to understand everything about betting on horse racing. From interpreting the odds and discussing popular betting markets, to bonus offers and wagering tips, we\u2019ll leave no stone unturned. But before we do any of that, let\u2019s reveal the best horse racing betting sites online today. Top Horse Racing Betting Sites in the USA Our team is full of big betting brains, with decades of combined industry experience. We trawl the internet comparing bookmakers to find the safest betting sites that offer the best odds and the most rewarding promotions. Here\u2019s our expert verdict on the USA\u2019s top horse racing betting sites.                                  Code: BBCSUSA                                         BetMGM                                                          5\/5                  First Bet,$1500,Paid Back    Play now!                                             99             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Grab a First Bet Offer up to $1500Excellent sports betting app availableWide range of sports and betting options in the US           BetMGM review                                                                      Code: BBC                                         PointsBet                                                          5\/5                  Up,$2000,Bonus Bet    Play now!                                             98             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Get two Bonus Bets up to $2000Huge range of sports and betting optionsPromo code: BBC           PointsBet review                                                                      CODE: CZR1000                                         Caesars                                                          5\/5                  Grab up,$1000,in Bonus Bets    Play now!                                             98             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Receive up to $1000 in Bonus Bets when your first bet missesWide range of betting opportunitiesPromo code: CZR1000           Caesars review                                                                                    DraftKings                                                          5\/5                  Bonus,$1000,20%    Play now!                                             98             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Get a 20% sports betting bonus up $1000Massive range of sports and marketsDFS and Casino games available           DraftKings review                                                                                    Fanduel                                                          5\/5                  Bonus,$1000,Bet    Play now!                                             98             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Licensed US SportsbookGet up to $2000 in bonuses and refundsFanduel has a great reputation and excellent customer service.           Fanduel review                                                                      NJ,PA,IN,IO,VA,AZ                                         Unibet                                                          5\/5                  Bonus,$500,Bet    Play now!                                             97             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Generous first bet offer worth up to $500American and international leagues are well coveredExtremely competitive odds           Unibet review                                                                      NJ Only                                         Borgata                                                          5\/5                  Bonus,$100,Free Bets    Play now!                                             94             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Wager $20 and get $100 in Free BetsExcellent Sportsbook App for iOS and AndroidPromo code: BORGSBBC           Borgata review                                                            Contents Okay, now that you\u2019re familiar with the best horse racing betting sites, let\u2019s crack on with the rest of our guide. If you\u2019re looking for some specific advice, feel free to jump straight to that section using the links below. Top Horse Racing Betting Sites About Horse Racing Betting Understanding Racing Odds Popular Horse Racing Markets In-Running Horse Racing Betting Horse Betting Apps Top 5 Horse Racing Betting Tips Major Horse Racing Betting Events Common Horse Racing Bonus Offers How To Start Betting on Horses Conclusion FAQs About Horse Racing Betting Horse racing is known as the \u201csport of kings\u201d for good reason. Organized racing in the UK can be traced back to the 1600s and King James I. Racing has a similarly lengthy history in the USA, due to the links between the two countries. But if you look at any part of the world, you\u2019ll find horse racing associated with wealth and the aristocracy. Wherever there are organized horse racing events, you\u2019re sure to find betting. There are many different ways to wager on horses, as we\u2019ll discuss later in this guide. But the most common method is through pool betting, or pari-mutuel. However, fixed odds betting was pioneered by UK bookmakers and is now available at many horse racing betting sites in the USA. This enables you to guarantee the odds on a horse so that you\u2019ll know your potential returns before the race begins. Understanding Racing Odds As we mentioned, you have two distinct types of horse racing betting. Some bookmakers use fixed odds and other sites offer pari-mutuel betting. Let\u2019s talk a little more about both. Pari-Mutuel Betting This type of betting is seen most frequently in the United States. Every bet placed on a specific market is pooled together. After the race is run, the total fund is split evenly between the winning tickets. A dividend is declared, which determines your total payout. For example, let\u2019s take a look at the result of the 2022 Kentucky Derby. The race was won by the outsider Rich Strike, so not many people would have backed the winner. Here are dividends based on a $2 bet: Win: $163.60 Place: $74.20 Show: $29.40 What does this mean? If you\u2019d placed a $2 bet on Rich Strike to win the Kentucky Derby, you\u2019d receive a whopping $163.60! So if you\u2019d bet $5 instead, you\u2019d be walking away with $409 in returns. Fixed Odds Betting This is the most popular way to bet in the UK. It is becoming more common in America as offshore betting sites now provide their services to US residents. The main reason for its success is that you know what you stand to win ahead of time. With pari-mutuel betting, you don\u2019t see your returns until after the race. Let\u2019s take a look at a fictional horse racing market as an example: Mo Donegal: -150 We The People: +330 Rich Strike: +700 Creative Minister: +750 The lower the number seen in the odds, the stronger the chance that horse has to win the race. If the probability of a win is greater, bookmakers are naturally going to pay out less. With any form of sports betting, the rewards are much bigger for successfully predicting an upset. If we see a positive (+) value in the odds, that tells us the profit we\u2019d earn from a bet of exactly $100. So in the case We The People, a $100 would make a $330 profit. Because your stake is always returned with a winning bet, the overall returns would be $430. Sometimes, a horse will have a negative (-) odds value. In that case, the number represents how much you\u2019d need to stake in order to win exactly $100. So in the above example, a $150 bet on Mo Donegal would produce a profit of $100. Therefore our total returns for a winning bet would be $250 Different Odds Formats In our above examples, we used the US odds format, but many horse racing betting sites do things differently. In the United Kingdom, for instance, the traditional way to bet on racing is using fractional odds. The European decimal system is increasingly common at betting sites across the globe, due to its simplicity. But Asian countries all have their own ways of displaying the odds too. The table below shows how certain odds would look in different parts of the world. Visit this page to learn more about how odds work around the world. How are Horse Racing Odds Compiled? The art of bookmaking is a well-established practice that involves plenty of skill. These days though, it\u2019s made much easier by the use of computer algorithms and betting exchanges. Lots of factors are taken into account, including the horse\u2019s recent results (form) and the weather conditions affecting the ground (going). Once the bookmaker has determined the relative probabilities of each horse winning the race, they can be converted to odds. But not before building in what we call the \u201cvigorish\u201d, or \u201cjuice\u201d. The probabilities should add up to 100%, but they never do. The total is always higher, which is known as \u201cover round\u201d. That\u2019s because the bookies need to ensure a long-term mathematical edge in order to turn a profit. Once the market has been formed, the bookmaker starts to accept bets. If the betting public feels that the bookie has made a mistake, money will pour in for those horses. Naturally, the bookmaker will then trim those prices accordingly, lengthening the odds of other selections to balance the book. Popular Horse Racing Markets Okay, let\u2019s talk about the most popular betting opportunities found at online horse racing sites. Win As the name suggests, a bet to win only requires you to identify which horse will cross the line first. It\u2019s the easiest and most common way to partake in horse racing betting. Place In the USA and Canada, a \u201cplace\u201d refers to a front two finish. So if you back the horse to place, you will be paid the same whether it finishes first or second. The returns are reduced when compared to a win bet, as you have two chances to be successful. Show To land a show bet, your pick must finish the race in the front three. The returns are likely to be lower than betting to win or to place, as it\u2019s much easier to succeed. Exacta Sometimes called a \u201cforecast\u201d, the exacta bet requires you to identify both the winner and the runner-up. Crucially though, you need to have them in exactly the right order for the exacta to win, hence the name. Quinella A quinella is similar to an exacta, but you will win if the two picks finish in any order. For example, if you predict 3 to beat 6 and 6 wins with 3 finishing second, you will still be paid. Since you have two chances with a quinella, the payout will be less than that of an exacta. Each-Way This is effectively two different wagers. A $10 each-way bet will actually cost $20, as $10 goes toward the horse winning and the rest towards it making the frame. The exact terms of an each-way bet depend on the type of race and the number of horses. But it might be something like 1\/5 of the odds for finishing in the first three. Parlay It\u2019s very common for bettors to link multiple picks from different races together into a parlay. That\u2019s because the odds are multiplied together, producing some potentially mouth-watering returns. Beware though, for it makes it much tougher to win! Futures Horse racing experts enjoy the futures markets found at online betting sites. Trying to predict the winner of a big race months into the future is a tricky puzzle, but extremely rewarding when you win. Both in terms of satisfaction, but also financially, since the odds tend to be bigger. In-Running Horse Racing Betting Live betting has revolutionized the world of sports betting, allowing you to bet after a game has started. But the concept was actually developed in horse racing, when betting sites began offering \u201cin-running\u201d bets. Betting exchanges like Betfair were the first to offer live horse racing betting. During the race, you can bet on the horse to win. But you may also choose to \u201clay\u201d, which is effectively betting on the horse to not finish in first place. As technology developed, internet speeds improved and everyone transitioned to smartphones. This has driven online bookmakers to improve their live betting sites in all areas, with horse racing proving no exception. Nowadays, it\u2019s possible to stream live races and benefit from all kinds of in-running markets, promotions and features like cashout. Horse Betting Apps The aforementioned improvements in technology also led to the production of horse racing betting apps. There\u2019s a lot more to these apps than just live streams, in-running bets and mobile betting promotions though. They\u2019re optimized to suit your specific device, making for a really smooth betting experience. So no matter whether you\u2019re team Android or Apple, mobile betting apps make for faster page loading and bet placement times. Graphics are sharp and streams less laggy, with less data usage all round. But apps are also just convenient, as you won\u2019t need to constantly log in and remember usernames, passwords and bank details. If you\u2019d prefer not to use mobile betting apps for horse racing, that\u2019s no problem. Most online bookmakers today have mobile-first websites. So even if you load the regular betting site up in your mobile browser, all of the elements will display properly. Simply log in as you would on a desktop computer and enjoy the full range of betting products with no loss of functionality. Top 5 Horse Racing Betting Tips Now it\u2019s time to reveal some horse racing tips to help you get the most out of your betting. Tip 1: Shopping for odds is crucial You wouldn\u2019t pay $100 for a watch if the same product was on offer elsewhere for $70. Gambling is no different. With hundreds of horse racing betting sites out there, it\u2019s important to shop around. Use comparison sites to make life easier, but make sure to open multiple accounts and always take the best odds. Tip 2: Avoid placing parlay bets It\u2019s tempting to parlay your selections to try and increase the potential returns. But if you understand the mathematics of bookmaking, you\u2019ll know that you\u2019re just multiplying the bookmaker\u2019s edge. It\u2019s so much harder to win parlays, due to the increased risk. That\u2019s why the betting sites encourage you to place them. Disappoint them! Tip 3: Avoid the so-called experts There are lots of \u201cexperts\u201d in the world of horse racing. While it\u2019s important to listen out for the opinions of top jockeys and trainers, avoid the pundits. Do your own analysis, trust your knowledge and research and don\u2019t be distracted by media personalities paid to spout nonsense. And avoid paid tipping services at all costs. If they really worked, the tipsters would simply bet on their own picks. There\u2019s no need to sell the advice. Tip 4: Don\u2019t force a bet So you spent a long time poring over videos of past races and analyzing the form. But you\u2019re still none the wiser about which horse will win. That\u2019s fine, simply move on to the next race. Don\u2019t try to push a tiny edge. If you\u2019re not sure, come back another time. There are dozens of horse races every single day and there\u2019s no need to rush! Tip 5: Become an expert Lots of new bettors spread themselves too thinly. It pays to know one specific niche inside out. Master the three year old races, or focus on one specific track, for instance. You could specialize in National Hunt racing in the UK, or major international events. Whatever you choose, focusing all of your time into mastering one specific area will improve your long-term results. Major Horse Racing Betting Events Common Horse Racing Bonus Offers In the world of horse racing, you\u2019ll find all kinds of different bonuses and promotions. That\u2019s because there are so many betting sites around today, fighting for your attention. Here are some of the most frequently observed offers that you can take advantage of. Free Bets A free bet is a token given which permits you to place a wager without needing to stake real money of your own. If the bet comes in, you\u2019ll keep all of the profits, though not the value of the free bet itself. But of course, should the bet lose, it\u2019s the bookmaker who\u2019s footing the bill. Risk-Free Bets Some horse racing betting sites prefer to award risk-free bets. They might sound the same, but it\u2019s a very different type of promotion. You\u2019ll need to spend your own cash on placing the bet. But if it loses, you\u2019ll be compensated in some way. That\u2019s usually with a free bet token equal to the value of the real money bet. Deposit Match Bonuses The most common form of welcome bonus found at the top horse racing betting sites is a deposit match. Fund your new account with real money and the bookmaker will match the value of your deposit with bonus credits. Sometimes, the match bonus will be in excess of 100%, giving you even more bang for your buck! Bet and Get The \u201cbet and get\u201d is increasingly common at online bookmakers offering horse racing or sports betting. It\u2019s a simple premise: place a specific number of wagers at a certain value to receive a reward. For instance, three wagers of $25 on horse races of your choice might earn you a free bet token of $25. Best Odds Guaranteed This promotion is unique to horse racing betting sites and it originated with British bookmakers. Betting markets can be volatile, so the odds might go up as well as down. Best Odds Guaranteed, or BOG for short, protects you against this. Let\u2019s say you bet at odds of +300 but by the time of the race, the odds have risen to +350. In that case, a bookmaker offering BOG will pay your winning bet at +350 instead. Enhanced Each-Way Terms The horse racing betting industry has standard each-way terms, as discussed earlier in this article. But for big races, many bookmakers offer improved terms as a promotion. It might be that they pay out more places than normal. Or it could be that the odds themselves are enhanced. How To Start Betting on Horses You\u2019re probably getting in the mood to place a bet if you\u2019ve made it this far through the article! If you\u2019re still not sure about how to register with horse racing betting sites, simply follow the below steps to get going. 1: Choose a bookmaker Although most online horse racing betting sites are honest, there are a few questionable operators. Take your pick from our list of trusted brands, to ensure you don\u2019t get ripped off. 2: Open the account Once you\u2019ve loaded up an online betting site, you\u2019ll need to register. Click the button to open the signup form and fill out your personal details. This is standard with all properly licensed bookmakers, so don\u2019t worry about sharing sensitive data. 3: Claim your bonus All betting sites approach this differently, so pay attention to the terms of the welcome bonus. Some require you to input a promo code on the signup form. Others will allow you to choose from a list of bonuses immediately after registering. While many ask for a code when making your first deposit. 4: Fund your wallet Next up, it\u2019s time to visit the cashier and make your first real money deposit. Choose your payment option and enter the amount you wish to deposit. Pay attention to any information on the screen, such as minimum deposit limits, and wait for the transaction to complete. 5: Place your bets See, we told you it was easy! That\u2019s all there is to it. Now that you have money in your wallet, you\u2019re free to browse through the various horse racing markets and strike a bet. Good luck! Conclusion Thank you for reading our guide to betting on the sport of kings. We\u2019re certainly covered a lot of ground! Hopefully you are now well versed in the most popular ways to bet, the most common promotions and you fully understand the odds. If you\u2019re ready to saddle up and start playing, be sure to register at one of our top-rated horse racing betting sites. Firstly, you\u2019ll collect a sizable welcome bonus to help get you started. But above all, they\u2019re safe and secure places at which to bet. Good luck! FAQs Latest Horse Racing Content\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bestbettingcasinos.com\/us\/sportsbooks\/horse-racing-betting-sites\/\" \/>\n<meta property=\"og:site_name\" content=\"\ud83c\uddfa\ud83c\uddf8 Best Betting Casinos - USA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"CollectionPage\",\"@id\":\"https:\/\/bestbettingcasinos.com\/us\/sportsbooks\/horse-racing-betting-sites\/\",\"url\":\"https:\/\/bestbettingcasinos.com\/us\/sportsbooks\/horse-racing-betting-sites\/\",\"name\":\"Horse Racing Betting Sites Archives - \ud83c\uddfa\ud83c\uddf8 Best Betting Casinos - USA\",\"isPartOf\":{\"@id\":\"https:\/\/bestbettingcasinos.com\/us\/#website\"},\"breadcrumb\":{\"@id\":\"https:\/\/bestbettingcasinos.com\/us\/sportsbooks\/horse-racing-betting-sites\/#breadcrumb\"},\"inLanguage\":\"en-US\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bestbettingcasinos.com\/us\/sportsbooks\/horse-racing-betting-sites\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/bestbettingcasinos.com\/us\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US Online Sports betting\",\"item\":\"https:\/\/bestbettingcasinos.com\/us\/sportsbooks\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Horse Racing Betting Sites\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bestbettingcasinos.com\/us\/#website\",\"url\":\"https:\/\/bestbettingcasinos.com\/us\/\",\"name\":\"\ud83c\uddfa\ud83c\uddf8 Best Betting Casinos - USA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/bestbettingcasinos.com\/us\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Horse Racing Betting Sites Archives - \ud83c\uddfa\ud83c\uddf8 Best Betting Casinos - USA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bestbettingcasinos.com\/us\/sportsbooks\/horse-racing-betting-sites\/","og_locale":"en_US","og_type":"article","og_title":"Horse Racing Betting Sites Archives - \ud83c\uddfa\ud83c\uddf8 Best Betting Casinos - USA","og_description":"Best Horse Racing Betting Sites USA 2024 &#8211; How to Bet on Horse Racing? There are so many horse racing betting sites online today, it can be tricky to know where to begin. If you\u2019ve found your way to this page, the chances are you\u2019re looking for some assistance. And that\u2019s what we\u2019re here to deliver! In this guide, we\u2019ll help you to understand everything about betting on horse racing. From interpreting the odds and discussing popular betting markets, to bonus offers and wagering tips, we\u2019ll leave no stone unturned. But before we do any of that, let\u2019s reveal the best horse racing betting sites online today. Top Horse Racing Betting Sites in the USA Our team is full of big betting brains, with decades of combined industry experience. We trawl the internet comparing bookmakers to find the safest betting sites that offer the best odds and the most rewarding promotions. Here\u2019s our expert verdict on the USA\u2019s top horse racing betting sites.                                  Code: BBCSUSA                                         BetMGM                                                          5\/5                  First Bet,$1500,Paid Back    Play now!                                             99             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Grab a First Bet Offer up to $1500Excellent sports betting app availableWide range of sports and betting options in the US           BetMGM review                                                                      Code: BBC                                         PointsBet                                                          5\/5                  Up,$2000,Bonus Bet    Play now!                                             98             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Get two Bonus Bets up to $2000Huge range of sports and betting optionsPromo code: BBC           PointsBet review                                                                      CODE: CZR1000                                         Caesars                                                          5\/5                  Grab up,$1000,in Bonus Bets    Play now!                                             98             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Receive up to $1000 in Bonus Bets when your first bet missesWide range of betting opportunitiesPromo code: CZR1000           Caesars review                                                                                    DraftKings                                                          5\/5                  Bonus,$1000,20%    Play now!                                             98             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Get a 20% sports betting bonus up $1000Massive range of sports and marketsDFS and Casino games available           DraftKings review                                                                                    Fanduel                                                          5\/5                  Bonus,$1000,Bet    Play now!                                             98             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Licensed US SportsbookGet up to $2000 in bonuses and refundsFanduel has a great reputation and excellent customer service.           Fanduel review                                                                      NJ,PA,IN,IO,VA,AZ                                         Unibet                                                          5\/5                  Bonus,$500,Bet    Play now!                                             97             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Generous first bet offer worth up to $500American and international leagues are well coveredExtremely competitive odds           Unibet review                                                                      NJ Only                                         Borgata                                                          5\/5                  Bonus,$100,Free Bets    Play now!                                             94             Points                         Payout Speed                           Payment Methods                                                        Visa                                                    Mastercard                                                    Paypal                                                                  Wager $20 and get $100 in Free BetsExcellent Sportsbook App for iOS and AndroidPromo code: BORGSBBC           Borgata review                                                            Contents Okay, now that you\u2019re familiar with the best horse racing betting sites, let\u2019s crack on with the rest of our guide. If you\u2019re looking for some specific advice, feel free to jump straight to that section using the links below. Top Horse Racing Betting Sites About Horse Racing Betting Understanding Racing Odds Popular Horse Racing Markets In-Running Horse Racing Betting Horse Betting Apps Top 5 Horse Racing Betting Tips Major Horse Racing Betting Events Common Horse Racing Bonus Offers How To Start Betting on Horses Conclusion FAQs About Horse Racing Betting Horse racing is known as the \u201csport of kings\u201d for good reason. Organized racing in the UK can be traced back to the 1600s and King James I. Racing has a similarly lengthy history in the USA, due to the links between the two countries. But if you look at any part of the world, you\u2019ll find horse racing associated with wealth and the aristocracy. Wherever there are organized horse racing events, you\u2019re sure to find betting. There are many different ways to wager on horses, as we\u2019ll discuss later in this guide. But the most common method is through pool betting, or pari-mutuel. However, fixed odds betting was pioneered by UK bookmakers and is now available at many horse racing betting sites in the USA. This enables you to guarantee the odds on a horse so that you\u2019ll know your potential returns before the race begins. Understanding Racing Odds As we mentioned, you have two distinct types of horse racing betting. Some bookmakers use fixed odds and other sites offer pari-mutuel betting. Let\u2019s talk a little more about both. Pari-Mutuel Betting This type of betting is seen most frequently in the United States. Every bet placed on a specific market is pooled together. After the race is run, the total fund is split evenly between the winning tickets. A dividend is declared, which determines your total payout. For example, let\u2019s take a look at the result of the 2022 Kentucky Derby. The race was won by the outsider Rich Strike, so not many people would have backed the winner. Here are dividends based on a $2 bet: Win: $163.60 Place: $74.20 Show: $29.40 What does this mean? If you\u2019d placed a $2 bet on Rich Strike to win the Kentucky Derby, you\u2019d receive a whopping $163.60! So if you\u2019d bet $5 instead, you\u2019d be walking away with $409 in returns. Fixed Odds Betting This is the most popular way to bet in the UK. It is becoming more common in America as offshore betting sites now provide their services to US residents. The main reason for its success is that you know what you stand to win ahead of time. With pari-mutuel betting, you don\u2019t see your returns until after the race. Let\u2019s take a look at a fictional horse racing market as an example: Mo Donegal: -150 We The People: +330 Rich Strike: +700 Creative Minister: +750 The lower the number seen in the odds, the stronger the chance that horse has to win the race. If the probability of a win is greater, bookmakers are naturally going to pay out less. With any form of sports betting, the rewards are much bigger for successfully predicting an upset. If we see a positive (+) value in the odds, that tells us the profit we\u2019d earn from a bet of exactly $100. So in the case We The People, a $100 would make a $330 profit. Because your stake is always returned with a winning bet, the overall returns would be $430. Sometimes, a horse will have a negative (-) odds value. In that case, the number represents how much you\u2019d need to stake in order to win exactly $100. So in the above example, a $150 bet on Mo Donegal would produce a profit of $100. Therefore our total returns for a winning bet would be $250 Different Odds Formats In our above examples, we used the US odds format, but many horse racing betting sites do things differently. In the United Kingdom, for instance, the traditional way to bet on racing is using fractional odds. The European decimal system is increasingly common at betting sites across the globe, due to its simplicity. But Asian countries all have their own ways of displaying the odds too. The table below shows how certain odds would look in different parts of the world. Visit this page to learn more about how odds work around the world. How are Horse Racing Odds Compiled? The art of bookmaking is a well-established practice that involves plenty of skill. These days though, it\u2019s made much easier by the use of computer algorithms and betting exchanges. Lots of factors are taken into account, including the horse\u2019s recent results (form) and the weather conditions affecting the ground (going). Once the bookmaker has determined the relative probabilities of each horse winning the race, they can be converted to odds. But not before building in what we call the \u201cvigorish\u201d, or \u201cjuice\u201d. The probabilities should add up to 100%, but they never do. The total is always higher, which is known as \u201cover round\u201d. That\u2019s because the bookies need to ensure a long-term mathematical edge in order to turn a profit. Once the market has been formed, the bookmaker starts to accept bets. If the betting public feels that the bookie has made a mistake, money will pour in for those horses. Naturally, the bookmaker will then trim those prices accordingly, lengthening the odds of other selections to balance the book. Popular Horse Racing Markets Okay, let\u2019s talk about the most popular betting opportunities found at online horse racing sites. Win As the name suggests, a bet to win only requires you to identify which horse will cross the line first. It\u2019s the easiest and most common way to partake in horse racing betting. Place In the USA and Canada, a \u201cplace\u201d refers to a front two finish. So if you back the horse to place, you will be paid the same whether it finishes first or second. The returns are reduced when compared to a win bet, as you have two chances to be successful. Show To land a show bet, your pick must finish the race in the front three. The returns are likely to be lower than betting to win or to place, as it\u2019s much easier to succeed. Exacta Sometimes called a \u201cforecast\u201d, the exacta bet requires you to identify both the winner and the runner-up. Crucially though, you need to have them in exactly the right order for the exacta to win, hence the name. Quinella A quinella is similar to an exacta, but you will win if the two picks finish in any order. For example, if you predict 3 to beat 6 and 6 wins with 3 finishing second, you will still be paid. Since you have two chances with a quinella, the payout will be less than that of an exacta. Each-Way This is effectively two different wagers. A $10 each-way bet will actually cost $20, as $10 goes toward the horse winning and the rest towards it making the frame. The exact terms of an each-way bet depend on the type of race and the number of horses. But it might be something like 1\/5 of the odds for finishing in the first three. Parlay It\u2019s very common for bettors to link multiple picks from different races together into a parlay. That\u2019s because the odds are multiplied together, producing some potentially mouth-watering returns. Beware though, for it makes it much tougher to win! Futures Horse racing experts enjoy the futures markets found at online betting sites. Trying to predict the winner of a big race months into the future is a tricky puzzle, but extremely rewarding when you win. Both in terms of satisfaction, but also financially, since the odds tend to be bigger. In-Running Horse Racing Betting Live betting has revolutionized the world of sports betting, allowing you to bet after a game has started. But the concept was actually developed in horse racing, when betting sites began offering \u201cin-running\u201d bets. Betting exchanges like Betfair were the first to offer live horse racing betting. During the race, you can bet on the horse to win. But you may also choose to \u201clay\u201d, which is effectively betting on the horse to not finish in first place. As technology developed, internet speeds improved and everyone transitioned to smartphones. This has driven online bookmakers to improve their live betting sites in all areas, with horse racing proving no exception. Nowadays, it\u2019s possible to stream live races and benefit from all kinds of in-running markets, promotions and features like cashout. Horse Betting Apps The aforementioned improvements in technology also led to the production of horse racing betting apps. There\u2019s a lot more to these apps than just live streams, in-running bets and mobile betting promotions though. They\u2019re optimized to suit your specific device, making for a really smooth betting experience. So no matter whether you\u2019re team Android or Apple, mobile betting apps make for faster page loading and bet placement times. Graphics are sharp and streams less laggy, with less data usage all round. But apps are also just convenient, as you won\u2019t need to constantly log in and remember usernames, passwords and bank details. If you\u2019d prefer not to use mobile betting apps for horse racing, that\u2019s no problem. Most online bookmakers today have mobile-first websites. So even if you load the regular betting site up in your mobile browser, all of the elements will display properly. Simply log in as you would on a desktop computer and enjoy the full range of betting products with no loss of functionality. Top 5 Horse Racing Betting Tips Now it\u2019s time to reveal some horse racing tips to help you get the most out of your betting. Tip 1: Shopping for odds is crucial You wouldn\u2019t pay $100 for a watch if the same product was on offer elsewhere for $70. Gambling is no different. With hundreds of horse racing betting sites out there, it\u2019s important to shop around. Use comparison sites to make life easier, but make sure to open multiple accounts and always take the best odds. Tip 2: Avoid placing parlay bets It\u2019s tempting to parlay your selections to try and increase the potential returns. But if you understand the mathematics of bookmaking, you\u2019ll know that you\u2019re just multiplying the bookmaker\u2019s edge. It\u2019s so much harder to win parlays, due to the increased risk. That\u2019s why the betting sites encourage you to place them. Disappoint them! Tip 3: Avoid the so-called experts There are lots of \u201cexperts\u201d in the world of horse racing. While it\u2019s important to listen out for the opinions of top jockeys and trainers, avoid the pundits. Do your own analysis, trust your knowledge and research and don\u2019t be distracted by media personalities paid to spout nonsense. And avoid paid tipping services at all costs. If they really worked, the tipsters would simply bet on their own picks. There\u2019s no need to sell the advice. Tip 4: Don\u2019t force a bet So you spent a long time poring over videos of past races and analyzing the form. But you\u2019re still none the wiser about which horse will win. That\u2019s fine, simply move on to the next race. Don\u2019t try to push a tiny edge. If you\u2019re not sure, come back another time. There are dozens of horse races every single day and there\u2019s no need to rush! Tip 5: Become an expert Lots of new bettors spread themselves too thinly. It pays to know one specific niche inside out. Master the three year old races, or focus on one specific track, for instance. You could specialize in National Hunt racing in the UK, or major international events. Whatever you choose, focusing all of your time into mastering one specific area will improve your long-term results. Major Horse Racing Betting Events Common Horse Racing Bonus Offers In the world of horse racing, you\u2019ll find all kinds of different bonuses and promotions. That\u2019s because there are so many betting sites around today, fighting for your attention. Here are some of the most frequently observed offers that you can take advantage of. Free Bets A free bet is a token given which permits you to place a wager without needing to stake real money of your own. If the bet comes in, you\u2019ll keep all of the profits, though not the value of the free bet itself. But of course, should the bet lose, it\u2019s the bookmaker who\u2019s footing the bill. Risk-Free Bets Some horse racing betting sites prefer to award risk-free bets. They might sound the same, but it\u2019s a very different type of promotion. You\u2019ll need to spend your own cash on placing the bet. But if it loses, you\u2019ll be compensated in some way. That\u2019s usually with a free bet token equal to the value of the real money bet. Deposit Match Bonuses The most common form of welcome bonus found at the top horse racing betting sites is a deposit match. Fund your new account with real money and the bookmaker will match the value of your deposit with bonus credits. Sometimes, the match bonus will be in excess of 100%, giving you even more bang for your buck! Bet and Get The \u201cbet and get\u201d is increasingly common at online bookmakers offering horse racing or sports betting. It\u2019s a simple premise: place a specific number of wagers at a certain value to receive a reward. For instance, three wagers of $25 on horse races of your choice might earn you a free bet token of $25. Best Odds Guaranteed This promotion is unique to horse racing betting sites and it originated with British bookmakers. Betting markets can be volatile, so the odds might go up as well as down. Best Odds Guaranteed, or BOG for short, protects you against this. Let\u2019s say you bet at odds of +300 but by the time of the race, the odds have risen to +350. In that case, a bookmaker offering BOG will pay your winning bet at +350 instead. Enhanced Each-Way Terms The horse racing betting industry has standard each-way terms, as discussed earlier in this article. But for big races, many bookmakers offer improved terms as a promotion. It might be that they pay out more places than normal. Or it could be that the odds themselves are enhanced. How To Start Betting on Horses You\u2019re probably getting in the mood to place a bet if you\u2019ve made it this far through the article! If you\u2019re still not sure about how to register with horse racing betting sites, simply follow the below steps to get going. 1: Choose a bookmaker Although most online horse racing betting sites are honest, there are a few questionable operators. Take your pick from our list of trusted brands, to ensure you don\u2019t get ripped off. 2: Open the account Once you\u2019ve loaded up an online betting site, you\u2019ll need to register. Click the button to open the signup form and fill out your personal details. This is standard with all properly licensed bookmakers, so don\u2019t worry about sharing sensitive data. 3: Claim your bonus All betting sites approach this differently, so pay attention to the terms of the welcome bonus. Some require you to input a promo code on the signup form. Others will allow you to choose from a list of bonuses immediately after registering. While many ask for a code when making your first deposit. 4: Fund your wallet Next up, it\u2019s time to visit the cashier and make your first real money deposit. Choose your payment option and enter the amount you wish to deposit. Pay attention to any information on the screen, such as minimum deposit limits, and wait for the transaction to complete. 5: Place your bets See, we told you it was easy! That\u2019s all there is to it. Now that you have money in your wallet, you\u2019re free to browse through the various horse racing markets and strike a bet. Good luck! Conclusion Thank you for reading our guide to betting on the sport of kings. We\u2019re certainly covered a lot of ground! Hopefully you are now well versed in the most popular ways to bet, the most common promotions and you fully understand the odds. If you\u2019re ready to saddle up and start playing, be sure to register at one of our top-rated horse racing betting sites. Firstly, you\u2019ll collect a sizable welcome bonus to help get you started. But above all, they\u2019re safe and secure places at which to bet. Good luck! 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