How To Bet On Horse Racing
Horse Racing Betting Terms
May 17, 2020TVG Review
May 18, 2020How To Bet On Horse Racing
If you’re new to the sport, you may be wondering how to bet on horse racing. At RacingPicks, we made the process of picking the right horses easy, so you can place bets like a pro.
Brief Introduction to Horse Racing Betting in US
Horse racing has been a popular sport in the United States for around 200 years, with betting being a big part of the horse racing experience for just as long.
Americans place more than $11 billion of bets on horse races every year through authorized bookmakers, 71 times more than is bet on the Super Bowl and more than double the total amount of sports bets placed in Nevada each year.
Clearly then, it is a very popular activity, but those that are new to the sport may not yet know how to bet on horse racing. Thankfully, placing bets on the sport of kings is quick and easy.
Is it legal to bet on horses online?
Yes, it is legal to bet on horse racing online in most parts of the United States. For decades race tracks have been broadcasting their races and accepting wagers so that fans could watch and bet on horse races without being at the track. This continues today in the internet age.
Even if your state does not allow other sports betting, generally the rules are different for horse racing. Most of the time, the websites that take horse races bets online will advise you whether you can sign up. For example, TVG has a list of states whose residents can open an account.
Can I Bet on Horses online?
Absolutely. You can bet on horse racing online through your computer and even your smartphone or tablet and doing so is easy.
There are several great reputable online bookmakers that allow you to place bets on horse races online. Three of the biggest brands include TVG, Twinspires, and BetAmerica.
The site you use may depend on personal preference, although you may find different races are covered by each site. You may also want to check the odds of each site to see if one is offering better odds than the other.
How to Bet On Horse Racing Through TVG
The most popular site in the US for betting on horse racing is TVG. To be able to place bets you must register for a TVG account, which is quick and easy.
Next, you need to make a deposit into your account. This will be the funds that you will use to place your bets with.
On the desktop version of TVG, click on Account at the top of the page, and then click Deposit. You’ll then be shown all of the deposit options available to you in the tabs that run across the screen.
Select the one you would like to use by clicking on it, then follow the instructions on the screen, entering the amount you’d like to deposit, and your card/account details. Then click on Authorize Deposit to complete the process.
TVG will remember the payment information so you can use the Quick Deposit feature in the future.
Now your account is funded, you can place your bet. To do this, click on the Create Bet button in the top right corner of the screen.
You will then see a Bet Ticket, on this screen select which Track, Race Number, Bet Type, and Bet Amount from the drop down menus at the top of the screen.
Then select which horse(s) you would like to bet on. This will place a green square with a white tick next to your selected horse. Once you are happy with your selection, click on the Confirm Bet button.
You’ll be taken to one final page to review and confirm your bet. If you are satisfied, click on Submit Bet Now.
Can You Make Money Betting On Horses?
You can certainly make money by betting on horses, but there is no guarantee. The process of placing bets is easy, but it can be much more difficult to consistently pick the winning horses.
Many people that bet on horses casually may only pick the favourites, while others may just pick the one with the funniest sounding name. However, this is definitely not going to make you money over the long term.
Successfully picking winning horses requires you to analyse the past performance of each runner, comparing the different distances, track conditions, and whether they’ve had enough time to rest since their last race.
This can take many years of experience to get right, as you get a feel for different scenarios and learn what you need to look out for.
Alternatively, you can follow the expert handicappers at RacingPicks who will do all the hard work for you. Our horse racing experts have many years of experience and love analysing every detail to find the best picks for each race.
Click here to view our latest horse racing picks.
Is It Easy For Beginners To Bet On Horses?
Many new fans wonder how to bet on horse racing and wonder whether it is easy to place wagers.
Thankfully, it is very easy for beginners to bet on horses. Sites like TVG make the process quick and simple, allowing you to select which race and horse you want to bet on in seconds.
It can be a little daunting for beginners to decide which horses are the best picks for each race. So at RacingPicks, we do all the hard work for horse racing fans, providing tips and picks provided by expert horse racing handicappers.
Follow the RacingPicks guides which are carefully put together ahead of each race, allowing you to see which horses are looking strongest and which types of bets you should place.
By following the tips of our expert horse racing handicappers, beginners can place bets like a pro.
Click here to see the latest RacingPicks Guides.
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