RacingBetting.com welcomes fans of all types of racing betting. We are always working hard to improve and expand on the information presented here – namely, how and where to bet on horse races around the world.
Legality, banking, and quality of promotions are all important factors when choosing which horse racing betting sites to join – but none matter more than trust. Most of all, we believe in the importance of doing all your wagering at legal online racebooks and horse racing mobile betting apps that are licensed and legal.
Here at RacingBetting.com, we discuss all major types of dog and horse racing. This includes not only major thoroughbred races but also flat and National Hunt races, standardbred harness racing and greyhounds.
More specifically, RacingBetting.com is designed to be a true resource for fans of horse racing. We discuss basic and advanced horse racing strategy that you can put to use across many different types of races as well as in-depth previews of specific events.
Horse and greyhounds are similar in some respects, but they are most definitely different sports. The laws, places where you can bet and even handicapping strategies vary between horses and dogs. Our website reflects that as it is divided into distinct sections:
Horse Racing around the World
We offer fans a worldwide guide to wagering on horse races. Most areas of the world will be covered but extensive coverage will include tracks and major horse racing events in the United States, United Kingdom, Australia, Asia, and Europe.
Our guide to betting on horse racing include tutorials on all types of horse bets and wagers, track information, and previews of major horse racing events, carnivals, and meets worldwide.
Legal Horse Racing Betting Sites
What’s nice about online racing betting is that it is a legal and regulated activity in many countries – even in the United States. The US horse racing industry has considerable political clout and has so far managed to have exceptions squeezed into every major piece of anti-gambling legislation to come out of Washington. Online horse racing bets are legal in most US states.
The major US horse racing sites are licensed by state racing commissions and operate freely in most states.
We’ve compiled a list of the major US-based racing betting sites and reviewed each one. Even though all regulated sites are safe places to play, not all are the same. Some will undoubtedly fit your needs better than others. You can start narrowing down the list of places to bet by taking a look at our reviews here:
Horse Racing Betting Bonuses
Competition between operators has prompted horse racing betting sites to offer valuable deposit bonuses to recruit new customers, and incentivize loyal customers with ongoing promotions.
The basic idea is that you sign up for an account and make a deposit. In return, the betting site gives you extra money to place bets.
You should keep in mind that horse racing betting bonuses come with certain terms and conditions, and potential restrictions. More specifically, you’ll be asked to place a certain number of real money wagers before you can withdraw the bonus money.
Get all the details plus details on the bonuses offered by all the major racebooks:
Greyhound Racing Betting
Wagering on greyhound dog races is rising in popularity in some countries and dwindling in others.
We explain how all dog racing bets work and list tracks and greyhound betting sites. Fortunately, the types of bets in greyhounds are similar to those found in horse racing.
We also discuss the legality of online greyhound betting across the world. This section will eventually explain how the laws work in different jurisdictions, including which greyhound betting websites are licensed in which countries.
The industry has seen a decline in recent years but online betting is helping to offset that. Licensed greyhound racing sites actually pool online wagers with the wagers placed in person and that has done a lot for liquidity, purses and overall profitability.
What’s nice about greyhound betting is your comfort with this sport will transfer over pretty well to horse racing (and vice versa). Sure, there are differences but you won’t have any problems understanding the betting system and familiarizing yourself with the track atmosphere.
Harness Racing Betting
The modern-day equivalent of chariot racing, harness racing features a single horse pulling a rider on a two-wheeled cart.
You don’t hear about harness racing betting as often compared to thoroughbred racing, but it is still a very competitive sport with purses exceeding $1 million.
Harness racing even has its own Triple Crown events, one for trotters and one for pacers.
Major horse racing betting sites cover harness racing in great detail, to include free race previews and picks, in-depth podcasts and other educational content. TwinSpires and BetAmerica are particularly reliable when it comes to covering harness racing.
The mechanics of betting on harness races are the same as for betting on other types of horse races. If you have experience handicapping other types of races, you’ll feel right at home with harness races because all the same types bets that you would find elsewhere are also used in harness racing.
How To Bet On Horse Racing
There are a lot of ways to bet on horse racing, and some of them can be confusing at first. We’ll try to explain the types of horse racing bets as easily as possible.
Some of the betting terms below are different types of bets in various parts of the world. We’ve explained them based on their most common usage.
If you’re new to racing betting, be sure to stop by our how to read the odds page for a primer on understanding your potential risk and reward for every wager. Once you have a handle on how the odds and different types of bets work, make sure to see our collection of in-depth horse racing strategy articles.
Use this as a guide to understanding the types of horse racing bets that are available, but understand that each type of wager has an angle. To become a consistent winner, it takes a deeper understanding of each type of bet for finding the best value. In many cases, it’s about keeping your costs down. In other situations, it’s about choosing one type of bet over another. Learning to find the best value in horse racing can take years, so start slow and read as much as you can.
See our guide for virtual horse racing to learn all about betting on simulated horse races. And lastly, don’t forget to check out our in-play racing betting guide for an introduction to the fastest form of horse handicapping.
How Parimutuel Betting Works
Both horses and greyhounds are bet upon in the form of parimutuel wagering. The vast majority of the wagers you will ever place on either type of event will be in the parimutuel format.
The word “parimutuel” is of French origin and roughly translates to “mutual betting.” In parimutuel wagering, all bets taken for a single event are pooled together.
The house takes a percentage as its commission and then pays the winners by dividing up the remaining pool and distributing it among the winners.
The payout odds are determined by taking all the money in the betting pool and then dividing it equally among all the winners of each type of bet. This is why the most popular horses (the favorites) always pay the least. There are more people betting on the popular horses and therefore the pool must be split among a greater number of people if that horse does indeed win the race. There are simply more winners.
This is also way the least popular horses (the underdogs) pay the most. When underdogs win, there are fewer people to pay. The entire betting pool is split among the few people who backed the longshot underdog. Each winner’s share is larger because there are fewer winners to pay.
Things can get quite complicated in a race that involves multiple horses, thousands of bettors and dozens of different types of bets.
We’ll be adding an in-depth article about parimutuel wagering in the near future.
Triple Crown Races
Throughout the world, many countries have three major thoroughbred horse races which they call the Triple Crown. These are typically the most popular races to bet on in their respective geographical areas. Some of the Triple Crown countries include the United States, Australia, United Kingdom, Ireland, Canada, Germany, Japan, Hong Kong, Venezuela, Uruguay, Ecuador and Macau.
Online betting sites offer wagering for many of these races, with a wide variety of betting options.
Major Horse Racing Events:
- Kentucky Derby (First Saturday every May)
- Kentucky Oaks (Friday before the Kentucky Derby)
- Preakness Stakes (Third Saturday each May)
- Belmont Stakes (Third Saturday after the Preakness Stakes)
- Breeders’ Cup (Late October / Early November)
Tracks need horse betting sites. Most racetracks in the country are struggling with declining attendance numbers thanks to changing demographics and increased competition from other forms of entertainment. Online racebooks gives tracks an expanded geographic reach.
Licensing agreements set it up so that wagers placed online are pooled with wagers taken in person at each track. The end result has been a surge in purses, greater betting handle and increased revenue for struggling tracks.
The best horse racing betting sites cover races and wagering on tracks across North America, Europe and Asia.