As the sports betting industry rapidly expands across the United States, more and more states are beginning to offer online horse betting. Horse racing has been a popular form of gambling for centuries, and it has continued to gain traction as a viable option for legal sports betting. Whether you’re a fan of the Triple Crown or a casual bettor, online horse betting can provide you with an exciting and potentially profitable way to place your wagers.
In this article, we’ll take a look at which states currently allow online horse betting, how it works, and the different types of bets you can make. Read on to learn more about the growing popularity of horse betting and which states allow you to engage in it online.
Which States Allow Online Horse Betting?
Currently, there are 15 states where online horse betting is legal and available. These states include Arkansas, Colorado, Delaware, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Montana, New York, Pennsylvania, Rhode Island, West Virginia, and Wisconsin.
In each of these states, you can place your bets via one of the state’s licensed and regulated online horse racing sites. All of these sites are highly secure and offer a range of different betting options, including fixed odds, parimutuel, and prop bets.
How Does Online Horse Betting Work?
Online horse betting is relatively straightforward and easy to get started with. All you need to do is register with one of the state-approved online horse racing sites and deposit funds into your account. Once your account is up and running, you can begin placing your bets.
Generally speaking, you’ll be able to place bets on a variety of different races, including flat races, hurdle races, steeplechases, and harness racing. You can also bet on a variety of different types of wagers, such as win, place, show, and exacta bets.
Types of Bets You Can Make
When it comes to online horse betting, there are a variety of different types of bets you can make. Let’s take a look at some of the most popular:
Win Bets: A win bet is the most straightforward type of bet. All you need to do is pick the horse you think will win the race and bet on it. If the horse you picked wins the race, you win the bet.
Place Bets: With a place bet, you’re betting on a horse to finish in either first or second place. If the horse you picked finishes in either of those spots, you win the bet.
Show Bets: With a show bet, you’re betting on a horse to finish in either first, second, or third place. If the horse you picked finishes in one of these spots, you win the bet.
Exacta Bets: An exacta bet is a bit more complicated than the other types of bets. With an exacta bet, you’re betting on two horses to finish in first and second place in a specific order. If the horses you picked finish in the order you selected, you win the bet.
Conclusion
Online horse betting is a growing industry in the United States. Currently, there are 15 states where it is legal and available. These states include Arkansas, Colorado, Delaware, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Montana, New York, Pennsylvania, Rhode Island, West Virginia, and Wisconsin.
In each of these states, you can register with one of the state-approved online horse racing sites and place your bets. You’ll be able to bet on a variety of different races and types of wagers, such as win, place, show, and exacta bets. With the right strategy and some luck, you can make some serious money through online horse betting.