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As sports leagues have been put on pause so has the gambling industry. Unlike most of the other things on this list, there are some sportsbooks actually taking bets on the weather. For instance, Bovada is taking wagers on the temperature in multiple cities. Daytime TV is loaded with mind-numbing content that may need a bit of gambling to spice things up.

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Tampa Bay Downs, for example, is one track where you can go to their website and watch all of their races live. They also provide free replays. Keeneland also provides live steaming during their spring and fall meets. If you want to watch the action from all tracks over the net you can usually watch through a wagering website if you are a registered member. The next section deals with wagering websites, or ADWs. Just watching horse racing is great, but the true thrill of the game is the ability to put your money where you mouth is and bet on the horses.

If you want to wager on all the action and you don't want to drive to your local track or OTB, AND you live in a state that allows ADW Advance Deposit Wagering , you can wager over the internet or the phone through one of several sites. Below is a list of a few of the larger ADWs that people use to wager. Every site is different; some provide free video streaming, others charge a monthly fee or a "per wager" fee depending on your handle, and some give you rebates depending on how much you wager.

If you decide to sign-up with an ADW, make sure you read all of the rules and requirements. Many ADWs are going to no-wagering fees and free video, but you should always do your homework before you leap. Make sure you check what tracks each site allows you to bet on because you don't want to sign up with an ADW that doesn't allow you to bet on Keeneland if you really like to bet Keeneland.

Go to one of the websites and try to sign-up. When you put in your address, the system will let you know whether they can take bets from you or not. Below is a short list of the big, well known ADWs. There are many others out there - some good, some not so good. We make no representation about any of these; some we've used in the past, others we've never played with.

Okay, with that little bit out of the way, let's take a look at the betting lingo and the types of wagers one can make on an equine athlete. Below is the smorgasbord of wagering opportunities offered by Churchill Downs on Derby Day:. WIN: A bet on a horse to win if you don't know this you probably shouldn't be betting.

Those are the standard bets that everybody is familiar with. They are simple, straight forward, it's easy to calculate the cost, and they are easy to make. Where things start to become more complicated is with what are known as the exotic bets. Below are the exotic wagers offered by Churchill Downs this weekend:. Wagering on horses is done via pari-mutuel wagering, a system of wagering where each player is betting against other players, not the house.

The odds represent what percentage of the total pool each horse is receiving. Below is an odds-percentage conversion chart for typical odds in horse racing. To figure you how much you'll get paid if you hit your win bet, simply divide the numerator of the odds by the denominator, multiply that number by the amount bet, and then add the amount bet.

Place and Show payouts are more difficult to calculate since tracks don't display the odds on those bets. Usually, they pay less than half what the winning odds play unless the horse is a huge longshot and the favorite doesn't finish in the top three.

Figuring out the payouts on exotics are a mixed bag; tracks display the "Will Pays" for exactas and daily doubles, but you won't have a clue as to what your trifecta, superfecta, Pick 3, etc. Generally speaking, trifectas and superfectas will return larger amounts, but be careful, playing all the favorites in a trifecta is likely going to return a small amount especially when compared to how much your bet cost. The key to hitting larger scores is to find some longer priced horses to play along with shorter priced ones.

We've got all of these exotic bets where you're trying to pick the order of finish or the winners in multiple races. Many first time bettors think that to play a exacta or tri or any other exotic requires you to use just two or three or four horses in your play.

You can select as many horses as you want but the more horses you select, the more expensive your ticket becomes. The first step in determining what a specific bet will cost is to know the minimum amount required for each bet. At Churchill Downs, here are the minimum amounts required for each bet offered:. Two additional exotic betting terms that are relevant to wager cost are "BOX" and "WHEEL", and they apply specifically to exactas, trifectas and superfectas.

For example, say you like the 1, 2, and 3, you want to play them in an exacta but you don't know which one you want to pick on top to win. You could "BOX" those three horses in an exacta and you would win if any of those three finish first and second.

For example, let's say you like the 1 to win, but think the 2, 3 and 4 might finish second. In that situation you would bet an exacta wheel where the bet would be set up to pay if the 1 wins and either finish second. If any of win and the 1 finishes 2nd, you would not win with that exacta wheel. You might be thinking, "Why would anyone NOT box an exacta, trifecta, or super since our picks can finish in any order, while with a wheel there is less margin for error?

A box bet is calculated by multiplying the bet amount by the total number of horses selected, and then multiplying that by the total number of horses selected, minus one. Or, stated another way:. Make sense? For trifecta and superfecta boxes you calculate the cost the same way but keep subtracting one from the total number of horses in each leg.

For example:. You can see how the costs start to escalate in a box situation since you're playing every possible combination with those numbers. With a WHEEL bet, the cost is kept down but you need to decide which horses you like in certain positions. Let's take the above situation again. Let's say you like the 1 and 2 to win, but think any of those five could finish 2nd.

Here is how you would calculate that bet cost:. Because you are using the 1 and 2 in both the win and place slots, you calculate the wager by multiplying the number of horses in the first leg by the number of horses in the second leg, minus one. If you excluded the 1 and 2 from the second position but still used five horses, the bet would calculate as below:. Right away you can see that an exacta wheel bet costs about half as much as the box situation since you are playing fewer combinations.

There's a higher risk, but the rewards and profit margin are better since you are not wasting money on combinations that you don't believe will come in. Saying "with" is how you separate horses from the first, second, third or fourth positions to the clerk.

And always check your ticket before you walk away. Calculating trifecta and superfecta wheels follows the same formula as the exacta bet above. However, if you want an easier way to calculate your wagers, you can find a variety of waging calculators on the web, including a nice one at WinningPonies. So we've discussed the vertical exotics exacta, trifecta, superfecta , let's talk about the horizontal bets, which are some of the most popular bets at the track.

A horizontal wager is any bet that involves betting on a series of races, rather that just one specific race. Bettors can learn more about horse racing online to acquire the best chances of being a successful bettor. This process will quickly become intuitive. There are two parts to the process. First, you need to find your selection and the bet type you want to place.

Second, you add this to your bet slip and confirm the amount to wager. Navigating to your race can be done via the track listings or the timeline of races at all three major racing sites. Adding the bet to your bet slip is as easy as clicking the line you want to bet. Sites place the bet slip to the right or via a pop-up message. For singles bets, you can add an amount to bet, then confirm to place this. For multiples bets trifecta, exacta and superfecta , you need to first add all the selections to your slip.

Betting on your phone or tablet is effortless these days. The best horse race betting sites allow for this. The easiest way for most bettors is to access their websites via your mobile device. The display will automatically adjust to your small screen.

You can deposit and place bets while on the move. There are dedicated horse racing apps, which can be downloaded from the Apple App Store for Apple devices. Android users can download an app for TVG, though not the other two sites. Each of the major online racing sites offers free bets or bonuses. How these are given varies. Note that these will come with playthrough requirements and other terms and conditions. Check out our detailed horse race betting site reviews for more on the fine print.

Options range from heading to your local track, to using your mobile phone to view a live stream. Here are the main choices:. In each race, the amount of money bet on the individual horses determined the odds. These can be expressed as positive or negatives. Odds for place and show selections are naturally smaller than for win bets.

You have multiple chances of being paid. Horse racing has a skill element, involving finding value from the field. Picking a potential winner or finding a selection whose price is better than their true winning chances will make you money over time. Online horse racing betting sites help you pick winners by providing statistics detailing the results of previous races. These range from simple form guides and raw results to detailed past performance databases.

Many databases are paid services, with the racebooks offering them as a perk for bettors who wager on a specific meeting. All racing bets are pooled. The total bet around the country on a race is divided among the selections. The winners should this horse win are paid The prizes for place, show and trifecta bets are determined in the same way.

There are prestigious events for all types of horse racing , which range from harness through to Arabian horses. This involves three races for thoroughbreds, each of which has qualifiers to ensure that only the best horses get to take part. Here are the races in date order.

To complete the Triple Crown, a horse needs to win all three in the same year. Apps and websites operating in these states often allow wagering on races across the country and even internationally. That leaves it up to the states whether they want to legalize online wagering on horse races. Anywhere the platforms above offer wagering, state laws have been enacted to allow for online wagering and horse race betting apps.

If no real races are going on, you can also wager on virtual horse races. These are races simulated by a computer program, and bettors can still wager on the outcome. More on virtual sports betting.

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Keeneland also provides live steaming during their spring and fall meets. If you want to watch the action from all tracks over the net you can usually watch through a wagering website if you are a registered member. The next section deals with wagering websites, or ADWs. Just watching horse racing is great, but the true thrill of the game is the ability to put your money where you mouth is and bet on the horses. If you want to wager on all the action and you don't want to drive to your local track or OTB, AND you live in a state that allows ADW Advance Deposit Wagering , you can wager over the internet or the phone through one of several sites.

Below is a list of a few of the larger ADWs that people use to wager. Every site is different; some provide free video streaming, others charge a monthly fee or a "per wager" fee depending on your handle, and some give you rebates depending on how much you wager.

If you decide to sign-up with an ADW, make sure you read all of the rules and requirements. Many ADWs are going to no-wagering fees and free video, but you should always do your homework before you leap. Make sure you check what tracks each site allows you to bet on because you don't want to sign up with an ADW that doesn't allow you to bet on Keeneland if you really like to bet Keeneland.

Go to one of the websites and try to sign-up. When you put in your address, the system will let you know whether they can take bets from you or not. Below is a short list of the big, well known ADWs. There are many others out there - some good, some not so good. We make no representation about any of these; some we've used in the past, others we've never played with. Okay, with that little bit out of the way, let's take a look at the betting lingo and the types of wagers one can make on an equine athlete.

Below is the smorgasbord of wagering opportunities offered by Churchill Downs on Derby Day:. WIN: A bet on a horse to win if you don't know this you probably shouldn't be betting. Those are the standard bets that everybody is familiar with. They are simple, straight forward, it's easy to calculate the cost, and they are easy to make.

Where things start to become more complicated is with what are known as the exotic bets. Below are the exotic wagers offered by Churchill Downs this weekend:. Wagering on horses is done via pari-mutuel wagering, a system of wagering where each player is betting against other players, not the house.

The odds represent what percentage of the total pool each horse is receiving. Below is an odds-percentage conversion chart for typical odds in horse racing. To figure you how much you'll get paid if you hit your win bet, simply divide the numerator of the odds by the denominator, multiply that number by the amount bet, and then add the amount bet.

Place and Show payouts are more difficult to calculate since tracks don't display the odds on those bets. Usually, they pay less than half what the winning odds play unless the horse is a huge longshot and the favorite doesn't finish in the top three. Figuring out the payouts on exotics are a mixed bag; tracks display the "Will Pays" for exactas and daily doubles, but you won't have a clue as to what your trifecta, superfecta, Pick 3, etc.

Generally speaking, trifectas and superfectas will return larger amounts, but be careful, playing all the favorites in a trifecta is likely going to return a small amount especially when compared to how much your bet cost. The key to hitting larger scores is to find some longer priced horses to play along with shorter priced ones. We've got all of these exotic bets where you're trying to pick the order of finish or the winners in multiple races. Many first time bettors think that to play a exacta or tri or any other exotic requires you to use just two or three or four horses in your play.

You can select as many horses as you want but the more horses you select, the more expensive your ticket becomes. The first step in determining what a specific bet will cost is to know the minimum amount required for each bet.

At Churchill Downs, here are the minimum amounts required for each bet offered:. Two additional exotic betting terms that are relevant to wager cost are "BOX" and "WHEEL", and they apply specifically to exactas, trifectas and superfectas.

For example, say you like the 1, 2, and 3, you want to play them in an exacta but you don't know which one you want to pick on top to win. You could "BOX" those three horses in an exacta and you would win if any of those three finish first and second. For example, let's say you like the 1 to win, but think the 2, 3 and 4 might finish second. In that situation you would bet an exacta wheel where the bet would be set up to pay if the 1 wins and either finish second.

If any of win and the 1 finishes 2nd, you would not win with that exacta wheel. You might be thinking, "Why would anyone NOT box an exacta, trifecta, or super since our picks can finish in any order, while with a wheel there is less margin for error? A box bet is calculated by multiplying the bet amount by the total number of horses selected, and then multiplying that by the total number of horses selected, minus one. Or, stated another way:. Make sense? For trifecta and superfecta boxes you calculate the cost the same way but keep subtracting one from the total number of horses in each leg.

For example:. You can see how the costs start to escalate in a box situation since you're playing every possible combination with those numbers. With a WHEEL bet, the cost is kept down but you need to decide which horses you like in certain positions. Let's take the above situation again.

Let's say you like the 1 and 2 to win, but think any of those five could finish 2nd. Here is how you would calculate that bet cost:. Because you are using the 1 and 2 in both the win and place slots, you calculate the wager by multiplying the number of horses in the first leg by the number of horses in the second leg, minus one. If you excluded the 1 and 2 from the second position but still used five horses, the bet would calculate as below:.

Right away you can see that an exacta wheel bet costs about half as much as the box situation since you are playing fewer combinations. There's a higher risk, but the rewards and profit margin are better since you are not wasting money on combinations that you don't believe will come in.

Saying "with" is how you separate horses from the first, second, third or fourth positions to the clerk. And always check your ticket before you walk away. Calculating trifecta and superfecta wheels follows the same formula as the exacta bet above. However, if you want an easier way to calculate your wagers, you can find a variety of waging calculators on the web, including a nice one at WinningPonies. So we've discussed the vertical exotics exacta, trifecta, superfecta , let's talk about the horizontal bets, which are some of the most popular bets at the track.

A horizontal wager is any bet that involves betting on a series of races, rather that just one specific race. A Pick 4, where you try to pick the winners of four consecutive races, is a horizontal wager and can pay very nicely, depending on the odds of the horses that win during the sequence. As with all wagers, you can select as many horses as you want but the cost of your ticket increases with every horse added into the mix.

To complete the Triple Crown, a horse needs to win all three in the same year. Apps and websites operating in these states often allow wagering on races across the country and even internationally. That leaves it up to the states whether they want to legalize online wagering on horse races. Anywhere the platforms above offer wagering, state laws have been enacted to allow for online wagering and horse race betting apps.

If no real races are going on, you can also wager on virtual horse races. These are races simulated by a computer program, and bettors can still wager on the outcome. More on virtual sports betting. Unfortunately, this is not offered in the US, although land-based and online casinos may offer this in the near future. Wagering on virtual horse races is more common in Europe and other regulated markets internationally.

To the majority of people, racehorses look similar. While there is a big mix of heritage, they can all be traced back to just three fathers born in the s. Those sires were then imported to England, where they established blood-lines that were later imported to the US. Standardbred Horses: Harness racing uses a different breed known as standardbred.

These horses can have thoroughbred ancestors, with mixed heritage. This breed is considered easier to handle than the highly-strung thoroughbreds. A different breed, known as Arabian horses takes part in these contests. Arabian horses are perfect for long distances racing , though not for short bursts of speed. As the name implies, these horses recorded as a subsection of thoroughbreds were first bred in the Middle East. Quarter Horses: Quarter Horses is a name given to the mixed-breeds which come from Spanish colonial stock.

The name comes from the quarter-mile racetrack which was popular in the early days of horse racing. There are a lot of slang terms, acronyms and unique terms associated with betting on horses. The list below includes the key definitions to get you started.

Daily Double: A bet which involves picking the winners of two highlighted races usually consecutive races. Furlong: This is a distance measure, e. Each one is one-eighth of a mile. Exacta: This is a bet on the first- and second-place finisher in the right order. Gelding: This term refers to a male horse that has been sterilized, which a common practice which can make unruly horses focus on racing.

Grade: Races are graded on the quality of the horses involved and purse. Grade 1 races have the best competitors. Handicap: Many races add weight to the better horses based on past performance to level the playing field. OTB: This acronym stands for off-track betting. In some states, you can place bets at venues which do not have racing of their own.

Post Position: The placement of a horse in the starting stalls, which is in relation to the position of the rail. Pari-Mutuel: Bets are pooled, with the payout based on the number of bettors who chose a winner or other bet types. This betting format is called pari-mutuel betting. Pick 6: A bet covering the entire race card. Pick bets can sometimes be found for three or more races. If this is not won, the prize pool is rolled over onto the next racing fixture.

Show: A bet where you win if your selection finishes either first, second or third. Simulcast: Live races shown on screens at racetracks around the country. You can bet on these races and watch them as they happen. Superfecta: Bet on the first four finishers in the right order; this bet has the potential for huge prizes.

Trifecta: A bet where you need to predict the first-, second and third-place finisher of a race in the correct order. Legal horse betting sites and apps for Here is a look at some of the best online horse betting sites and apps, and how to get your money online.

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