The world of horse racing is a thrilling one, and for many, it’s a way to make money, have fun, and connect with others. Horse racing has been around for centuries, and betting on horses has been a part of the sport for almost as long. With the development of the internet and mobile devices, betting on horses is now easier than ever. In this article, we’ll be talking about the specifics of betting horses online in the state of New York.
Brief Overview of Horse Racing in NY
The state of New York is home to some of the largest and most well-known horse racing tracks in the United States. New York has a long history of horse racing, with the first tracks dating back to the 1700s. Today, there are nine racetracks in New York, ranging from small, local tracks to large, nationally renowned tracks.
The Types of Horse Betting Available in NY
When you bet on horses in New York, you have a few different options. The most common type of betting is win, place, and show betting. This is when you select the horse that you think will come in first, second, or third place in a race. You can also bet on quinellas, which involve picking two horses that you think will come in first and second place, and trifectas, which involve picking three horses that you think will finish in the top three spots.
New York Gambling Laws
The state of New York has some of the strictest gambling laws in the United States, and this includes laws about betting on horse racing. To legally bet on horses in NY, you must be at least 18 years old and you must be physically present at one of the racetracks in the state. You also must be a resident of New York and have a valid NY driver’s license or ID. Online betting is not legal in NY, but there are a few exceptions.
New York Online Betting Exceptions
There are a few online betting sites that are legal in New York. These sites are called “advance deposit wagering” sites and they allow you to place bets on horse races from anywhere in the world. These sites are regulated by the New York State Racing and Wagering Board and are subject to the same laws as any other betting site. You must be at least 18 years old and a resident of New York to use these sites.
Legality of Offshore Betting Sites
There are many online betting sites that are based offshore, meaning they are not subject to the laws of any particular state. These sites are not regulated by the state of New York and are not legal in the state. It is illegal to use these sites in the state of New York and you could face legal consequences if you are caught using them.
Risks of Betting on Horses Online
As with any form of gambling, there are risks associated with betting on horses online. One of the biggest risks is the possibility of losing money. Betting on horses is a form of gambling and there is no guarantee you will win. It’s important to remember that betting on horses is a form of entertainment, not an investment.
Another risk associated with betting on horses online is the possibility of fraud. There have been instances of fraudulent betting sites that have taken people’s money and never paid out winnings. It’s important to do your research and make sure you are betting on a legitimate site before you deposit any money.
Alternative Forms of Horse Betting in NY
If you don’t want to take the risk of betting on horses online, there are other ways to bet on horses in the state of New York. The most common form of betting is at the racetrack, where you can watch the races in person and place your bets. You can also place bets over the phone or through the mail.
Conclusion
Betting on horses online in New York is not legal, but there are a few exceptions. There are online betting sites that are regulated by the state, but they are only available to residents of New York. Offshore betting sites are not legal in the state and it is illegal to use them. It’s important to remember that betting on horses is a form of gambling and there are risks associated with it. If you want to bet on horses in New York, it’s best to do it at the racetrack or through other legal means.