Whether you’re a fan of the Kentucky Derby, or just enjoy the occasional trip to the racetrack, you might be wondering if it’s possible to bet on horses online in North Carolina. The answer is, yes, you can.
Online Horse Racing Betting
Online horse racing betting is legal and available to North Carolina residents. Although there are no physical racetracks located in North Carolina, the state has authorized two online horse racing betting platforms. These two platforms are TVG and TwinSpires.
TVG
TVG is a horse racing platform that allows users to watch and wager on live races all over the country. On TVG, users can bet on all the top tracks, including Churchill Downs, Saratoga, and Belmont Park. TVG also offers a variety of promotions and bonuses for new and existing users.
TwinSpires
TwinSpires is another popular horse racing platform that is available to North Carolina residents. This platform offers a wide selection of races as well as an assortment of wagering options. TwinSpires also offers promotions and bonuses for new and existing users.
How to Sign Up for Online Horse Racing Betting
If you’re interested in online horse racing betting, the first step is to sign up for an account. To do this, you’ll need to provide some basic information, such as your name, address, and date of birth. You’ll also need to provide your Social Security number and a valid form of payment.
Once you’ve signed up for an account, you’ll need to fund it. You can do this by linking a bank account, credit card, or debit card. You can also use a prepaid card or e-wallet.
How to Place a Bet
Once you’ve funded your account, you’re ready to place a bet. To do this, you’ll need to select a race and pick one or more horses. You can also choose to wager on the outcome of the race.
Bonuses and Promotions
One of the great things about online horse racing betting is the variety of bonuses and promotions that are available. Many platforms offer special promotions for new and existing users, such as cashback bonuses, free bets, and more.
Taxes on Winnings
It’s important to note that any winnings you receive from online horse racing betting are subject to taxes. The amount of taxes you’ll owe will depend on the amount of your winnings and your tax bracket.
Risks of Online Horse Racing Betting
It’s important to understand that online horse racing betting can be risky. The odds of winning any single bet can vary significantly. It’s also important to remember to gamble responsibly and never bet more than you can afford to lose.
Tips for Successful Horse Racing Betting
If you’re new to online horse racing betting, there are some tips you can keep in mind to help increase your chances of success.
- Do your research: Before you place a bet, be sure to do your research on the horses, trainers, and tracks.
- Set a budget: It’s important to set a budget for your online horse racing betting and stick to it.
- Manage your expectations: It’s important to remember that you won’t win every bet.
- Take advantage of bonuses: Look for bonuses and promotions that can help boost your winnings.
- Be patient: Don’t make impulsive bets. Take your time and think through your options.
Conclusion
In conclusion, online horse racing betting is legal and available to North Carolina residents. Whether you’re a fan of the Kentucky Derby or just enjoy the occasional trip to the racetrack, you can now bet on horses online. However, it’s important to remember to gamble responsibly and never bet more than you can afford to lose.