Twin River Casino in Lincoln, Rhode Island, is one of the most popular gaming destinations in the state. It offers a wide variety of gaming options, including slots, table games, and a live poker room. But one of its less well-known offerings is the opportunity to bet on horses. So, the question is, can you bet on horses at Twin River?
The answer is yes! Twin River offers betting on both Standardbred and Thoroughbred horse races from around the country. Through its simulcasting facility, Twin River guests can place bets on both live and simulcast horse races every day of the week.
What is Simulcasting?
Simulcasting is a type of betting that allows horse players to bet on races that are running at other tracks around the country. This allows players to bet with greater variety and convenience than they would be able to by traveling to each track to place a bet.
At Twin River, simulcasting is available daily from 11:00 a.m. to 11:00 p.m. The simulcasting facility is located in the Grandstand Building, and guests can watch races from tracks across the country on one of the many televisions located in the facility.
Types of Bets Available at Twin River
Twin River offers a variety of betting options for horse players. These include:
- Win: A bet on a horse to finish first.
- Place: A bet on a horse to finish first or second.
- Show: A bet on a horse to finish first, second, or third.
- Exacta: A bet on two horses to finish first and second in exact order.
- Trifecta: A bet on three horses to finish first, second, and third in exact order.
- Superfecta: A bet on four horses to finish first, second, third and fourth in exact order.
- Daily Double: A bet on two horses to finish first in two different races.
- Pick 3: A bet on three horses to finish first in three different races.
- Pick 4: A bet on four horses to finish first in four different races.
- Pick 6: A bet on six horses to finish first in six different races.
Minimum Bet Amounts
The minimum bet amounts at Twin River are as follows:
- Win: $2
- Place: $2
- Show: $2
- Exacta: $2
- Trifecta: $2
- Superfecta: $2
- Daily Double: $2
- Pick 3: $2
- Pick 4: $2
- Pick 6: $2
How to Place a Bet
Placing a bet at Twin River is a simple process. First, you must become a member of the Twin River Player’s Club. You can do this by signing up at the Player’s Club desk located in the Grandstand building.
Once you are a member, you can visit the simulcasting facility to place your bets. You can either place your bet at a self-service kiosk or with a teller at the window. When placing your bet, you will need to specify the type of bet you are making, the amount you would like to wager, and the race you are betting on.
Odds and Payouts
The odds and payouts of a bet at Twin River are determined by the race and the amount of money bet on it. Generally speaking, the greater the amount of money bet on a race, the higher the odds and payouts will be.
The payouts for bets at Twin River are typically displayed on the betting tote board in the simulcasting facility. This board displays the amount of money bet on a race as well as the odds and payouts associated with each type of bet.
Taxes on Winnings
Any winnings from bets placed at Twin River are subject to taxes. The taxes on winnings at Twin River are determined by the Internal Revenue Service (IRS).
The IRS requires that all winnings be reported, regardless of the amount. Any winnings over $600 are subject to a 25% federal tax. In addition, there may be additional taxes levied by the state or local government.
Online Betting
Twin River does not offer online betting. All bets must be placed in person at the simulcasting facility.
However, if you are looking to bet on horse races online, there are a number of online sportsbooks that offer this type of betting. These sites allow you to place bets on races from around the world without ever leaving your home.
Conclusion
Twin River Casino in Lincoln, Rhode Island, offers a wide variety of gaming options, including the opportunity to bet on horses. Through its simulcasting facility, Twin River guests can place bets on both live and simulcast horse races every day of the week.
The types of bets available at Twin River include win, place, show, exacta, trifecta, superfecta, daily double, pick 3, pick 4, and pick 6. The minimum bet amounts at Twin River are all $2.
To place a bet at Twin River, you must become a member of the Twin River Player’s Club. Once you are a member, you can visit the simulcasting facility to place your bets. The odds and payouts of a bet are determined by the race and the amount of money bet on it. Any winnings from bets placed at Twin River are subject to taxes.
Twin River does not offer online betting. However, there are a number of online sportsbooks that offer this type of betting.