Online betting on horses has become increasingly popular in recent years, with many states legalizing and regulating the industry. Minnesota is one such state, with a number of online platforms offering legal horse racing betting. In this article, we will explore the rules and regulations around online horse racing betting in Minnesota, as well as the best sites available.
Is Horse Betting Legal in Minnesota?
Yes, horse betting is legal in Minnesota. The state legalized pari-mutuel betting in 1934 and since then, it has become a popular pastime for many residents. Currently, there are two racetracks in the state, Canterbury Park in Shakopee and Running Aces Harness Park in Forest Lake. Both tracks offer live racing and simulcast betting.
How Does Horse Betting Work in Minnesota?
In Minnesota, all bets placed on horse races must be done through the Minnesota Racing Commission. All racetracks in the state are required to be licensed and follow the rules set by the commission.
The most common type of wager in horse racing is the “win” bet. This is a bet placed on a horse to win a race. It is a simple bet, as the bettor only needs to pick the horse they think will win the race.
Another common type of wager is the “place” bet. This is a bet placed on a horse to finish either first or second in a race. It is slightly more complex than a win bet, as the bettor must pick two horses to finish either first or second.
The third type of wager is the “show” bet. This is a bet placed on a horse to finish in the top three places in a race. It is the most complex of the three, as the bettor must pick three horses to finish in the top three positions.
Are There Any Restrictions?
Yes, there are restrictions in place when it comes to betting on horse races in Minnesota. The state does not allow online betting on races that take place outside of Minnesota, nor does it allow betting on races taking place at unlicensed tracks.
The state also has age restrictions in place. All bettors must be at least 18 years old to place a bet on a horse race in Minnesota. Additionally, there are limits on the maximum amount that can be wagered on a single race.
What Are the Best Sites for Horse Betting in Minnesota?
There are a number of sites that offer legal horse racing betting in Minnesota. Here are some of the best sites for horse betting in Minnesota:
1. TVG
TVG is one of the largest online sportsbooks offering horse racing betting in Minnesota. The site offers a wide selection of races, as well as live streaming of races from all over the world. Additionally, the site offers a range of promotions and bonuses for bettors.
2. TwinSpires
TwinSpires is another popular online sportsbook offering horse racing betting in Minnesota. The site offers a wide selection of races, as well as live streaming of races. Additionally, the site offers a range of promotions and bonuses for bettors.
3. BetAmerica
BetAmerica is an online sportsbook that offers horse racing betting in Minnesota. The site offers a wide selection of races, as well as live streaming of races. Additionally, the site offers a range of promotions and bonuses for bettors.
4. XpressBet
XpressBet is an online sportsbook offering horse racing betting in Minnesota. The site offers a wide selection of races, as well as live streaming of races. Additionally, the site offers a range of promotions and bonuses for bettors.
What Are the Benefits of Betting on Horses Online?
Betting on horses online has a number of benefits. Here are some of the benefits of betting on horses online in Minnesota:
- Convenience: Betting on horses online is much more convenient than going to the track. You can place your bets from the comfort of your own home and never have to worry about missing a race.
- Variety: When you bet on horses online, you have access to a wide variety of races from all over the world. You can choose from races in countries like the UK, Australia, and South Africa.
- Bonuses and Promotions: Many online sportsbooks offer bonuses and promotions to bettors. These can include things like free bets, cashback, and more.
Conclusion
Betting on horses online in Minnesota is a legal and regulated activity. There are a number of sites that offer legal horse racing betting in Minnesota, as well as a number of benefits to betting on horses online. If you are interested in betting on horses online in Minnesota, make sure you do your research and pick a reputable site.
FAQs
What is the minimum age for betting on horses in Minnesota?
The minimum age for betting on horses in Minnesota is 18 years old.
Are there any restrictions on the amount that can be wagered on a single race?
Yes, there are limits on the maximum amount that can be wagered on a single race. These limits vary depending on the site.