Best Horse Racing Betting Sites 2022 – Bet Types, Tips, & More!

Overview of Horse Racing

Horse racing betting is one of the oldest forms of sports betting that dates back to the 1600s. Horse racing uses a pari-mutuel betting system, which means that the public bets against other participants rather than the house, in contrast to sports betting, where the pregame odds are fixed.

After the pool of participants has been divided into winners and losers, the winning sum in this type of wagering is divided proportionally among the winners. Horse racing bets are popular in the United States, Hong Kong, Australia, and the United Kingdom.

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Is Horse Racing Betting Legal?

In countries like India and the Philippines, horse racing bets are allowed. The US, UK, Australia, Ghana, Mexico, Nigeria, and South Africa have no restrictions on horse racing betting. People are free to visit horse betting sites and turn major events into huge profits. You can choose from multiple options on horse race betting websites, and place exotic wagers. If you are seriously interested in horse races, then you should check if your region allows betting on them.

How We Review Online Horse Racing Betting Sites?

Rigorous analysis is required in choosing the best horse betting sites. Your horse race betting experience should be smooth and hassle-free.

Safety, Security, & Licensing

For any site, safety and security measures are paramount. Privacy is essential throughout the gambling process and beyond. You should pick sites on which you can wager responsibly and safely. The platform must be licensed and regulated by governments or gambling authorities.

Easy Sign-Up Process

A smooth sign-up process is key to attracting new customers. It goes without saying that horse race betting platforms must have a user-friendly interface. All you need to provide is your name and contact details for your account.

Industry Reputation

The opinions of bettors matter a great deal in the judgement process. We need to choose a horse racing betting site that has a positive industry reputation. The site should garner excellent reviews and positive feedback from new customers.

Lucrative Horse Racing Site Bonuses

You can bet on multiple horses online and win multiple bonuses. There are many bonuses and promotions that will let you place bets for less.

Coverage of Tracks and Races

Coverage of races should include consecutive races, maiden races, stakes races, big races, allowance races, claiming races, back-to-back races, etc. The bet types also vary for different races.

Extensive Bonuses & Promotions

Sites offer great bonuses and promotions for Preakness Stakes, Belmont Stakes/Belmont Park, Kentucky Derby, Saratoga Race, Santa Anita Park, Monmouth Park, and more.

Fast Payouts

A fast payout system is crucial for smooth functioning. You should ideally pick platforms that have a fast payout system, so that you get your wins quickly.

Mobile Experience

Horse race betting websites also have mobile phone apps that let you conveniently place bets.

Odds of Horse Racing

For the live odds on your screen, you have to decide what amount to bet and what to choose among all bet types. You will see odds like 7-2 or 5-1 which represent the amount of profit to the amount of bet. We pick the horse betting sites that give you the best odds.

Exceptional Customer Support

Horse race wagering platforms must have responsive customer support. The best platforms offer professional, friendly customer service throughout the week, if you have any problems with your account.

Getting Started with Horse Racing Betting

When gamblers bet their money, they’re looking for a risk free bet. Wagering involves risk, but you can certainly mitigate it with strategies. When selecting a horse, look at its past performance and win a wager in no time. You will also find exotic bets for popular horse races like Kentucky Derby, Santa Anita competition, and other racetracks. It is always wise to check if horse race wagering is legal in your country or not.

The racetrack is the first place you will see on your desktop or mobile app. There are also different bets available for you to try—show bet, across the board bet, minimum bet, total bet, exacta bet and others. Most tracks like Kentucky Derby offer pari mutuel betting.

Most Popular Horse Racing Events

The type of racetrack is an important element for you to consider while betting on top sportsbooks. Around the world, there are many tracks, and competitions like the Breeder Cup, Travers Stakes, Pegasus World Cup, Preakness Stakes, Kentucky Derby and more. Be it a single horse, two horses or three horses, there’s always a chance that your bet wins the finish line.

Kentucky Derby

Wagering on Kentucky Derby has always been popular. As the name suggests, this horse race betting happens in Kentucky, USA. It holds Grade One horse breed stakes races. It is an annual event that happens in Churchill Downs. Churchill Downs is a specific race complex and has been open since 1875.

Preakness Stakes

On Armed Forces Day, the event Preakness Stakes is held each year on Pimlico Race Course in Baltimore, Maryland. The total is 1.5 million USD and the surface type of the track is dirt. The horses are American thoroughbreds that must be atleast 3 years old.

Belmont Stakes

The city of the Statue of Liberty, New York, also hosts the Belmont Stakes. The track is left-handed and the purse money is 1.5 million dollars.

Breeders Cup

The Breeder’s Cup is hosted by the company Breeder’s Cup Limited. The company was founded in 1982. Initially the event was a single day event with people from different states participating, but from 2007 it turned into a two day event.

Kentucky Oaks

Churchill Downs hosts the Kentucky Oaks the day before the Kentucky Derby every year on Friday. It is a left-handed racetrack and the purse value is 1.25 million dollars.

Travers Stakes

Mid-Summer Derby is the nickname of Travers Stakes and it ranks third in the American race. Due to the presence of Triple Crown winner American Pharoah, the purse for the 2015 renewal was raised to $1,600,000.

Pegasus World Cup

The Pegasus World Cup is a lucrative opportunity for owners and trainers of Thoroughbred horses. It was introduced in 2017 as a part of 1/ST’s mission to excite, energize, and modernize racing for a new generation of fans. The purse value is higher than any mentioned above and is 3 million dollars.

Bonuses Offered by Horse Racing Sports Betting Sites

You can earn more money with bonuses like Daily Double, Triple Crown, and more if the bet is placed in the right way. Winners and new players can use a promo code, a bonus, and other rewards before the race start.

Deposit Match

One of the most popular ways to bet on horse races is to bet on a horse that is matched with a deposit. A deposit match is when you bet on a single horse and the horse wins, you get your original bet back plus an extra amount of money. This is a great way to win money, because you are essentially doubling your money. Deposit matches are a great way to make money.

Risk-Free Bet

A risk-free bet is a bet that you can make without any risk of losing your money. This type of bet is usually offered by online casinos and sportsbooks as a way to attract new customers. The most common type of risk-free bet is a welcome bonus, which is a bet that you can make without having to deposit any money into your account.

Free Bets

On betting sites, free bets are a great way to encourage new gamblers. You can get any picks with free bets. The online app also rewards you with free bets.

Money-Back Offers

There are also money-back offers in horse race betting. This can be a great way to bet on a horse you are unsure about. When you are betting on a horse race, make sure to read the fine print on any money-back offers. Some offers may only be valid if you bet on a certain horse. Others may only be valid if you bet on a certain race. Ensure you read the terms and conditions of any money-back offers before you bet.

Price Boost Offers

Price boost offers can give you a lift in your winnings if you place a winning bet.

Matched Deposit Offers

When it comes to horse race betting, matched deposit offers are a great way to get started. Essentially, this type of offer allows you to match the amount of your deposit, up to a certain amount. For example, if you deposit $100, the bookmaker may offer to match that amount, giving you $200 to bet with.

Payment Methods at Online Horse Racing Betting Sites

Debit Cards

One of the most convenient ways to fund your online betting account is to use a debit card. Debit cards are accepted at most online betting sites and they offer a quick and easy way to deposit funds into your account.

E-wallets

There are many online horse racing betting sites that offer e-wallet as a payment option. E-wallet is a convenient and safe way to deposit and withdraw funds. It is also a good way to keep track of your winnings and losses.

Prepaid Cards

Prepaid cards can be bought online or at many retail locations. When prompted, simply enter the card number and expiration date to use a prepaid card at an online horse race betting site. Your funds will be available immediately and you can start betting on races.

Cryptocurrency

Cryptocurrency is in exact order with other payment methods. Your bet type on horse racing sport or the jockey will be secured with cryptocurrency payments. Play and bet with crypto to get more than triple crown race and become the winner.

Type of Bets & Wagers in Horse Racing Sports Betting

In a horse race, you will get two types of wager-Straight wagers and Exotic wagers. Down below, you will get to know their subcategories.

Straight Wagers

A straight wager is a bet on a horse to either win, place, or show. Across the board betting refers to wagering on a horse to win, place, and show. This is a more common type of bet, as it offers more value than betting on a horse to just win. Win/place and place/show bets are two other types of straight wagers.

Exotic Wagers

An exacta bet is a wager in which you pick the first and second place finishers in a horse race in the correct order. For example, if you bet on Horse A to win and Horse B to place, you would win your bet if Horse A finished first and Horse B finished second. A quinella bet is similar to an exacta bet, but you don’t have to pick the order of the finish. So, if you bet on Horse A and Horse B, you would win if either Horse A or Horse B finished first and the other finished second.

A trifecta bet is a wager in which you pick the first, second, and third place finishers in a horse race correctly. A superfecta bet is a wager in which you correctly pick the first, second, third, and fourth place finishers in a horse race.

Types of Horse Races to Bet On

The following are the different races available in different betting markets. Choose the best to your taste and strategies to secure the win for your pocket.

Maiden Race

The maiden race is the first race a horse runs in its career. For many horses, the maiden race is an opportunity to prove themselves and to earn a place in future races. The maiden race is also a good opportunity for owners and trainers to see how their horse stacks up against others in its age group.

Claiming Race

A claiming race is a type of horse race in which the horses are all for sale at a specified claiming price until shortly before the race. In the hierarchy of horse races, based on the quality of the horses that compete, claiming races are at the bottom, below maiden races.

Stakes Races

A stake race is a type of horse race in which the prize money is put up by the owners of the horses taking part. This makes it different from a purse race, in which the prize money comes from the racecourse or from sponsorship. While stake races can be very exciting for spectators, they can also be very expensive for the owners of the horses taking part. This is because they have to put up the prize money themselves, and so they need to be confident that their horse has a good chance of winning.

Allowance Races

When runners compete in a race for allowance runners, they do so for a larger pay than they would in a maiden race. Conditions like not having won three times in a lifetime are typically present in these contests. Typically, they are used for horses who have broken their maidens but aren’t quite ready for stakes company.

How to Choose the Best Horse Racing Betting Site?

We check all the available sites on the internet on the basis on a few factors mentioned below. Odds or triple crown will not matter if you get a bad payment method on your app. Your online presence should be kept secured so that no third party picks on you. We check the following points on a site before putting it forward to you.

User-Friendly Interface and Easy Navigation

Be it an app or online website; our picks fully focus on a user-friendly interface. You should play on an app with easy navigation. Delays and confusion should not meddle in your betting experience.

Sign-Up Offers and Bonuses

When you sign up on the site you will be welcomed with bonuses before you play. After your every play you get bonuses, promotions and best odds to cheer up your day.

Existing Loyalty Schemes

Your loyalty for a betting site will bring you rewards along the way. The sites have loyalty schemes to treasure long term and active gamblers.

Horse Racing Events

The more the merrier stands for the events as well. Gamblers need a wide collection of competition so that they can pick the suitable one.

Markets Offered

There are many markets offered in betting. The most common markets are win, place, and show. In a win market, you bet on a horse to come first in the race. In a place market, you bet on a horse to come first, second, or third in the race. And in a show market, you bet on a horse to come first, second, or third in the race.

Handicapping Tools

There are a variety of handicapping tools available to bettors, and each has its own advantages and disadvantages. One of the most popular handicapping tools is the point spread. The point spread is the amount of points that the favorite is expected to win by.

Excellent Mobile Betting Experience

Mobile betting brings not only joy but comfort. You can goodbye to neck pain with mobile betting. We pick the sites that offer an excellent mobile betting experience.

Online Horse Racing Betting Strategies

The following are the betting strategies you can try yourself.

Jockey

A jockey ensures that the horse is properly trained and in good condition before a race. He is the one that rides it during the race

Trainer

A trainer works with the horse daily, checking their legs and hooves, and ensuring they eat a nutritious diet. He also prepares the horse for the race.

Horse Age

It matters because, just like humans, oldage do tends to slow down animals as well. Along with past performances, check the horse’s age to place better bets.

Going

When the horse is running you can certainly place your bet during it. The experience can be as exciting as it can get.

Form

The form of your bet matters. Choose the horses that are in great forms and have promising performances.

Odds Quality

The best odds should be your target. Who does not like maximum profit on your bet, thus, pick the sportsbooks that give you the best odds in the market.

Post Position

The most important thing to keep in mind when betting on post position is that the inside position is the most advantageous. This is because the horses will have less distance to travel around the track. The outside position is the least advantageous, as the horses will have to travel further.

Course Record

There are many factors to consider when betting on races, and one of the most important is the course record. This is a good indicator of how horses will perform on a particular track and can help you make more informed bets.

Distance

The distance the horses have to cover should be considered in your strategies. Long distance races may involve many ups and downs, while short distance races can be quick and plucking your chances to win.

Common Terms Used in Horse Racing Betting

Apart from triple crown, odds, wagers, handicapping, winner, sport, and jackpot, other common terms are used while watching horse racing. Listed below are the terms you should know to understand horse betting terminologies.

Classes and Grades

One of the most important things to understand is the concept of classes and grades. In horse racing, the term “class” refers to a horse’s quality or ability. The higher the class, the better the horse. The term “grade” refers to the level of competition in a race. There are three grades of horse races: Grade I, Grade II, and Grade III. Grade I races are the most prestigious and difficult to win. Grade III races are the least prestigious and easiest to win.

Flat

Flat betting is when you bet the same amount on each race. So, if you’re betting $10 on each race, then you’re flat betting. This can be a good way to approach horse racing betting if you’re new to the sport or trying to stay within a budget.

Form

It is the energy of the horse and the jockey that is judged. It is an important sign to gamblers as a lot can be predicted by the vibe of the horse and its jockey.

Inquiry

The stewards of the race conduct an official investigation to determine if foul play happened by a jockey.

Marathon

Marathons are for long races and have many laps to cover. The long journey by the horses pulls up many interesting twists and turns to the race.

Overlay

Professional bettors target bets that offer better than fair value odds, meaning they target overlays.

Race Card

In online sports betting horse racing, you will also find the schedule of the races on the racecards.

Runners and Riders

The runners and riders symbolize the horses and jockeys in the competition. The powerful duo is there you take your wagers for a ride.

Handicap

Handicapping is the process of trying to determine which horse has the best chance of winning a race. It’s not an exact science, but certain factors can give you an edge. One of the most important factors in handicapping is the horse’s past performance. This includes looking at the horse’s race results, as well as their workout times and other factors. Another important factor to consider is the horse’s weight.

Blinkers

When it comes to horse race betting, blinkers can make a big difference. These devices are placed on a horse’s head and help to keep them focused on the track ahead. While they don’t necessarily make a horse run faster, they can help to prevent them from getting distracted and veering off course.

Horse Racing Betting Mobile Experience

Several excellent horse race betting apps are available, making it easy to place bets on your favorite horses. Some are more user-friendly than others, some have more features, and some have better odds. However, some features are common to all good horse race betting apps, and these are the features that attract users. One of the best features of betting apps is that they allow you to place bets quickly and easily. You can usually bet on races with just a few taps of your screen, which is very convenient when you are on the go.

Another great feature of horse racing betting apps is that they provide live odds. This means that you can see how the odds are changing in real-time, which can help you make more informed betting decisions. Finally, the apps will also give you access to tips and advice from experts. This can be extremely useful, especially if you are new to betting on horse races.

FAQs

Is Betting on Horse Racing Safe?

Be it a single race or three races, make sure to check whether horse betting is legal & safe in your country/ region or not. Your wagers will pay your dream to become winners only when you are sure that horse bet is legal. Horse race betting is legal in many countries, and in the near future, many more countries intend to join the legal list.

What Are the Most Famous Horse Racing Events?

Two horses racetrack or any race number unravels many combinations. Kentucky Derby, Breeder’s Cup, Belmont Stakes, and Kentucky Oaks are some of the popular horse racing events.

How Can I Bet on Horse Racing?

From the best horse race betting websites, pick the one that suits your taste. You have to sign up on the site to place your bets. Make sure you check the past performance of the horse you are betting on. Your wagers can accompany winning strategies, and the beyer speed figures will guide you throughout.

What Are the Payment Options on Horse Racing Betting Sites?

The online betting sites are there to accompany you with a wide range of payment options. From banking cards to e-pay, payment options are built so that they suit your pocket.

What Are the Common Bets Used for Betting on Horse Racing?

Exotic bets, straight bets, maiden bets are some of the common bets used in horse racing betting.

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