Horse racing is one of the oldest and most popular forms of gambling, and it continues to be a popular pastime for many people around the world. Betting on horse races can be done in a variety of ways, from the track to online betting sites. But can you bet horse racing online in New York? This article will explore the legality of horse race betting in New York and the available options for those who wish to place wagers.
Is Horse Racing Betting Legal in New York?
The short answer is yes, you can legally bet on horse racing in New York. The New York State Gaming Commission regulates all legal gambling activities in the state, including horse racing. There are currently four racetracks in New York: Aqueduct Racetrack, Belmont Park, Saratoga Race Course, and Finger Lakes Racetrack. The racetracks offer pari-mutuel wagering, which is the most common form of wagering on horse racing.
Types of Bets You Can Place Online
When it comes to betting on horse racing online, there are a variety of different types of bets you can place. Here are some of the most popular types of bets:
- Win: This is a bet on a single horse to win the race. You will win if the horse you choose finishes first.
- Place: This is a bet on a single horse to finish either first or second. You will win if the horse you choose finishes first or second.
- Show: This is a bet on a single horse to finish first, second, or third. You will win if the horse you choose finishes first, second, or third.
- Exacta: This is a bet on two horses to finish in the exact order. You will win if the horses you choose finish in the exact order.
- Trifecta: This is a bet on three horses to finish in the exact order. You will win if the horses you choose finish in the exact order.
- Quinella: This is a bet on two horses to finish first and second, in either order. You will win if the horses you choose finish first and second, in either order.
- Superfecta: This is a bet on four horses to finish in the exact order. You will win if the horses you choose finish in the exact order.
How to Bet on Horse Racing Online in New York
If you want to bet on horse racing online in New York, you will need to register with an online racebook. There are a few different online racebooks that accept wagers from New York residents, including TVG (formerly BetAmerica), TwinSpires, and NYRA Bets.
Once you have registered with an online racebook, you will need to fund your account. You can do this by using a credit or debit card, or by using an e-wallet service such as PayPal or Skrill. Once your account is funded, you can begin placing bets.
Benefits of Betting Online
There are a few key benefits to betting on horse racing online.
Convenience
The biggest advantage of betting online is convenience. You can place wagers from the comfort of your own home, and you can do so at any time of the day or night. You also don’t have to worry about the weather, as you can bet rain or shine.
Variety
Another benefit of betting online is that you have access to a wide variety of tracks and races. You can bet on races from all around the world, giving you more opportunities to win.
Bonuses and Promotions
Many online racebooks offer bonuses and promotions to their customers, which can give you an edge over the house. These bonuses often come in the form of free bets, rebates, and even cashback.
Conclusion
In conclusion, you can legally bet on horse racing online in New York. There are a few different online racebooks that accept wagers from New York residents, and they offer a variety of different types of bets. Betting online is convenient, gives you access to a wide variety of tracks and races, and often comes with bonuses and promotions.