Best Horse Betting Sites For US Players
Looking for the best horse betting sites for USA Players? Do you need to know about how you can legally bet on racing events around the country? Then look no further because USAOnlineSportsbooks.com has all of that information for you. Not only will you learn about the laws that make horse racing betting legal within the United States at both land-based and online venues, you’ll also learn about the best sites to place those wagers.
We recommend online racebooks for US bettors no matter what state they live in. This is because they are so convenient – you can bet on all of the major horse racing events all over the world right from the comfort of your own home. Certain horse betting sites for USA players even have mobile apps, so you can take your betting with you. Want to know how to find these sites and which ones are legal to use? We answer all of those questions right here.
We’ll also provide information on how you can bet on major races in the United States like the Kentucky Derby. Not everyone is born an expert horse bettor, but after you learn the basics it’s incredibly easy to pick up. We include popular wager types and their explanations in addition to a betting guide. Here, you can learn the importance of morning line odds, how to time your wagers to take advantage of the best payouts, and how to determine which horse has the best chance to win. This is so much more than a page dedicated to horse betting sites for USA players. You’ll learn everything you need right here.
How The Coronavirus Has Affected Horse Betting
Many horse races have been canceled due to the outbreak of the COVID-19 coronavirus. The 86th annual running of the Carolina Cup was originally scheduled for March 28, but as more cases of positive tests surfaced, more and more sporting events are beginning to cancel. The outbreak has even reached the fabled Kentucky Derby, which is normally held in May, but this year, is tentatively scheduled to be held on September 5th. Keep an eye on this page for updates on things of this nature, as the Preakness has also been reported to be postponed.
2020 Triple Crown Betting
For those who are unaware, the Triple Crown is the combination of the three most important and biggest races of the year. The Kentucky Derby is probably the most famous of the three, but the Belmont Stakes and the Preakness Stakes are equally important. Winning all three of these events is referred to as winning the Triple Crown. Thirteen horses have ever won the Triple Crown, and only two have won in the last 40 years – American Pharoah in 2015 and Justify in 2018.
The 2019 Triple Crown season was unusually bizarre. First, the Kentucky Derby favorite and winner Maximum Security was disqualified for interference, giving the victory to longshot Country House (+6200). As a result, Maximum Security was withdrawn from the Preakness Stakes, while Country House was an early scratch (infection). With the Triple Crown officially off the table for 2019, War of Will – who was the horse interfered with in the Derby – won the Preakness, spurring talk of what could have been. However, War of Will finished the Belmont Stakes in 9th place, as Sir Winston took the win. Three different races, three different winners. That sums up the 2019 Triple Crown, and there’s no telling when the next champion will be crowned. Of course, it could be this year, and you can bet on the Triple Crown winner.
2020 Kentucky Derby Betting Guide
2020 Preakness Stakes Betting Guide
The Preakness Stakes will be run on Saturday, May 16th, at the Pimlico Race Course in Baltimore, MD. The Preakness is the second jewel of the US Triple Crown of Thoroughbred Racing, and the favorite will typically be the horse that wins the Kentucky Derby. The Preakness is also known colloquially as “The Run for the Black-Eyed Susans” after the Maryland state flower, and the dirt course is the shortest of the Triple Crown races, coming in at 1 3/16 miles (9.5 furlongs). Current Preakness Stakes odds are not yet available, but they should be live at most sites after the Kentucky Derby is concluded.
2020 Belmont Stakes Betting Guide
The Belmont Stakes will be held on Saturday, June 6th, at Belmont Park in Elmont, NY. As the last jewel of the US Triple Crown, it is considered to be the most grueling and difficult of the three marquee races, which is why it’s commonly called “The Test of the Champion” in horseplayer circles. Like the previous two Triple Crown races, the Belmont winner is also awarded a floral wreath, and the race is colloquially known as “The Run for the Carnations.” At 1.5 miles (12 furlongs), the dirt oval is essentially a marathon rather than a sprint, which differentiates it from the first two races of the famed circuit. The current Belmont Stakes odds have not been posted yet, as the field will only be fully determined after the conclusion of the Preakness Stakes.
Can I Bet Horses Online Legally?
Yes, you can bet on horses online legally. Horse racing betting is one of the oldest and most widely accepted forms of betting in the United States. When you look at horse racing betting at a federal level, there aren’t any laws that prevent US residents from betting on races. The only federal horse racing law is the 1978 Interstate Horseracing Act. This law doesn’t have anything to do with betting, though. It just enabled the host track to choose which tracks are able to simulcast their races.
State level horse racing betting laws may have been passed in your state. If this is the case, you can still legally wager on your favorite horse races, so long as you use an online racebook. These sites allow anyone in any state to place wagers legally. They are able to do this because they are regulated by other countries. This way, states don’t have authority over them. There are no state laws that ban the use of online, offshore racebooks. So when you bet horses online, you’re doing so legally.
Kentucky Derby Betting Rules
Kentucky Derby betting rules are pretty much the same as everywhere else. Regardless of if you’re using an online or land-based racebook to bet on the Kentucky Derby, there are certain betting rules you need to follow. The main one you need to keep in mind is that betting windows close a few minutes before the race begins. Final odds are calculated, posted, and as soon as the window is closed you won’t be able to place any more bets.
It is also important to remember that different racebooks will have different bet limits for certain wager types. Most tracks set their minimum bet amount to $1 or $2, but there is also a ceiling that each racebook will set. The average for an online racebook is to have a max net profit per race of about $20,000 - $25,000. You’ll see higher and lower bet limits than that, but this is the average. Racebooks set these limits at their discretion, and are subject to change.
Types Of Online Kentucky Derby Bets Available
There are a number of online Kentucky Derby bets available to bettors all around the world. The most common, however, are listed below with examples. You’ll also be able to find multi-race wagers at online horse racing sites, like daily doubles and pick six’s, which have bettors choosing the winner of a number of consecutive races. The wager types listed below, as well as other popular wager types, can all be found at the best horse betting sites for USA players.
Win – Win bets are wagers placed on a single horse to win the race outright.
Place – Place bets allow you to bet on one horse to finish in either first or second place. So long as the horse you picked is one of the first two to cross the finish line, your ticket is a success.
Show – Show bets take it a step further than place bets. You choose a single horse to bet on, and as long as it comes in first, second, or third, your ticket can be cashed in.
Across the Board (Win, Place & Show) – Across the board allows you to place even money on all three finishing positions – win, place, and show. The way it works is you choose one horse. If that horse wins, you collect on all three wagers. If that horse comes in second, you collect the place and show payouts. If the horse comes in third place, you win the payout for a show bet. The important thing to remember about across the board is that it’s even money on each position. So a $5 across the board bet will have you putting $15 down.
Exacta – An exacta is an exotic wager. You choose two horses to finish in first and second place. To win an exacta you must pick the horses in the correct order.
Exacta Box – An exacta box reduces the risk of an exacta, kind of like teasers on spreads. When you box an exacta bet, you’re not just choosing two horses. You can choose three or even four horses that you think will come in first and second. It doesn’t matter which horse finishes second and which finishes first. When you choose a box with three horses, there are a possible six finishing combinations that could happen; when you box the bet, you put even money on each possible combo (i.e. a $2 exacta box is $12 total). As long as two of the horses you choose finish in first or second, your bet wins.
Trifecta – Trifecta bets take it a step further from exactas, requiring the bettor to name the exact finishing order of the first three horses.
Trifecta Box – Trifecta boxes work in a similar way to an exacta box. You can choose three or four horses to include in your box bet, and the book will calculate every possible combination to cover. The more horses you choose to put in your box, the more expensive the wager becomes. Based on a basic $2 bet, a three horse trifecta box is $12, but a 5 horse trifecta box is $120.
Superfecta – The Superfecta requires a bettor to correctly predict the exact finishing order of the first, second, third, and fourth place horses.
Superfecta Box – By now, you probably have a handle on how boxes work, but we’ll go over it again just for fun. A Superfecta box takes all of the possible combinations of the number of horses you choose to bet on. As long as one of those combinations occurs, your ticket is a success. This is a rare bet for someone to make but it does happen. You can choose four or five horses to bet on for your Superfecta box.
What Are The Best Horse Betting Sites For US Players?
Look, we all bet on everything here at USAOnlineSportsbooks. Because of that experience, we know where to go when you want to bet on horse racing, because we bet there too. One thing to keep in mind with horse racing betting specifically is that in order for a horse racing site to be a good one, it needs to cover all of the races in the world, not just the big ones. We've constructed a list, complete with reviews, of three of the best sites you can use if you are a US sports bettor trying to bet on horse racing.
Best Racebooks For Kentucky Derby Betting
Bovada Racebook - Legal Kentucky Derby Betting – Bovada is an online racebook owned by the Mohawk Morris Gaming Group. This business is known for having some of the best online gambling sites, and their racebook is no exception. Here, you’ll be able to legally bet on any and every race in the United States, including the Kentucky Derby. Bovada has lines up right now on the projected winner, and as the race draws near, Bovada will have betting odds on every single aspect of the race.
You won’t find a larger selection of exotic wagers or earlier betting lines. Bovada is always the first on the scene when it comes to betting lines. If you’re new to betting on horses, head over to their FAQ section. They answer every question you’ve ever had while explaining bet types and wager limits in a clear and concise manner. Bovada is the ideal online racebook for anyone looking for legal Kentucky Derby betting.
BetOnline Racebook - Accepts Horse Racing Bettors From All 50 States – It doesn’t matter if you live in Alaska or Hawaii, whether you’re right there in Kentucky or down south in Florida. BetOnline Racebook accepts bettors from all 50 states. No matter where you are you can legally bet on the Kentucky Derby and other major American thoroughbred races at BetOnline. This racebook makes signing up incredibly simple. Just follow a few basic steps and within minutes you’ll be ready to start betting on all of your favorite events.
When you use BetOnline racebook, you become eligible for their daily horse racing rebate. That means that every single day you place a wager on a horse race, you can earn up to 7% back. If you use the phone to place your bets, it's 4% back, 7% if you use the computer. This horse racing rebate doesn’t have a limit on how much you can earn back, and you don’t have to bet a certain amount before you start earning the rebate. BetOnline is the perfect online racebook for US bettors.
SportsBetting Racebook - Mobile Kentucky Derby Betting – If you’re always on the go and don’t know if you’ll have time to bet on the Kentucky Derby even if you did use an online racebook, then you need to check out SportsBetting.ag. This racebook has the absolute best mobile betting site for horse racing enthusiasts who are always on the go. Unlike other mobile apps that cut back on features so that they can have an app, SportsBetting actually created a mobile site that is accessible through your mobile device’s browser.
Being a browser-based site instead of an app, you get access to everything you would on the computer. So everything you need for Kentucky Derby betting can be done while you’re out from your smartphone or tablet. Heck, even if you just prefer your phone to your computer, this mobile site is perfect. You even get your first bet taken care of with their $25 risk-free mobile bet promotion. So even if your first mobile bet is a dud, you get $25 credited right back to your account. What more are you waiting for?
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What Are Morning Line Odds?
Morning line odds are estimated betting odds that are issued the morning of the race. These lines include the entire entry list for the upcoming event, with lines on each. When looking at these lines, it’s important to remember that they are just guesses and that they will more than likely all change before the race takes place. Morning line odds provide the base for which bettors can start wagering.
Why Do The Odds Change Once The Morning Odds Open For Betting?
There are a number of reasons why the odds chance once the morning odds open for betting. Horses could scratch after the morning odds are released. A horse could look skittish prior to the race and bettors might not wager on them even though they have good morning lines. Remember, morning line odds are just guesses by bookmakers and track handicappers. Betting odds are not based on probability so much as they are based on public opinion. So when someone walks in and places a large bet on a longshot first thing in the morning, the oddsmakers are going to take a look at that and move the lines so that they correspond to public opinion. You see, when they do that, not only does it help them continue to make a profit, it also helps other horses become more appealing to bet on. This the morning line odds might not be the lines you end up with a few minutes before the race begins. So if you do your homework and see that a lot of people are missing out on a horse that you think has a great chance to win, you can bet on them when their odds are at the best position for you to receive a great payout. Horse racing betting is very strategic.
Best Ways For Americans To Fund Their RaceBook Account?
American online bettors know that sometimes, depositing money into an account can be a tad frustrating. Credit cards are the most common way for American bettors to fund their racebook accounts, but sometimes, they get declined. This is because banks don’t recognize where the payment is going to, so they shut the transaction down, no questions asked.
This can get annoying and leave you scratching your head trying to figure out how to bet on the races. Using a check or money order is a fine way to fund your account, and many people prefer to send in their payments this way. The downside to using that type of currency is that it can also take a few days to ship and be processed, which doesn’t help you if you want to start wagering right away.
The best way to fund your account without any annoying declined payments or waiting 2-3 business days is to use the digital currency, bitcoin. Bitcoin allows anyone from anywhere in the world to make quick and simple transactions, with virtually no fees. Bitcoin is easy to use at online racebooks because payments don’t have to be approved by a bank and you don’t have to wait for the payment to be shipped. Transactions take minutes at most, and the sportsbook does everything for you. All you need is a bitcoin wallet address and you’re all set.