Best Horse Racing Betting Sites (US)

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Table of contents

Overview

Horse racing is one of the oldest forms of betting and therefore is legalized in most of the states. Betting is allowed at racetracks or off-track betting venues or online sites that offer horse betting. When you enter to play, your wager is placed in a prize pool and winners share their winnings by a process called pari-mutuel betting. If you are not sure where to start, you are at the right place; we will cover the different types of racing events, types of bets, laws around horse race betting, modes of payment, and how you can start to bet online.

Horse Race Betting - Best Sites in 2021

We can all agree betting online in the comfort of your own surroundings is easier, faster and more comfortable than at a facility. What do you need to make that happen?

  • An account with an online betting site

  • A valid credit/debit card

  • Access to internet

  • A mobile device/laptop/computer.

The best part is that you can play across any major site worldwide and you are not restricted to your state/country (keep the state laws in mind, if any). Before you commit to playing on a site, look at the terms and conditions as well as the details of deposit/withdrawal methods. Select the one that best suits your needs and proceed ahead.

Name

TVG

Website

https://www.tvg.com/

Refer-a-friend

Free $25 bet

Deposit Options

  • eCheck (free)

  • Debit/Credit Card ($5 fee)

  • Paypal ($5 fee)

  • TVG Prepaid Card ($5)

  • Green Dot MoneyPak (No Deposit Fee)

  • PayNearMe (No Deposit Fee)

  • Wire Transfer ($15 Fee)

  • Deposit at the Track (Free)

  • Money Orders/Checks (Free)

Withdrawal Options

  • Visa Debit Withdrawals (Free: Processes in 25 hours)

  • Paypal (Free: Processes in 24-30 hours)

  • eCheck (Free: Processes in 2-5 days)

  • TVG Prepaid Card (Possible fees: Processes in 24-30 hours)

  • Wire Transfer ($15: Arrives same/next business day)

  • Check Withdrawal Request (Free: Arrives in 3-10 business days)

  • Cash Withdrawal at the Track (Free: Same Day)

Hours of Operations

Because of COVID 19, no phone support but you can visit the online Support Center and chat with an agent from:
7am to 8:30pm Pacific Time / 10am to 11:30pm Eastern Time

Email

[email protected]

Fee Free Deposits Promotions

Refunds $5 TVG processing fee for your first debit or credit card or TVG prepaid card or Payal on a deposit of $100. If lesser than $100, you will not be eligible for this refund.

Money-Back Specials

Check the promotions page to see the most current ones.

https://support.tvg.com/hc/en-us/categories/360002859913-Promotions-and-Contests 

Pick A Horse Racing Website

Some bettors might think that the site they chose to bet on doesn't matter. BUT don’t be fooled. It’s the little things that make a good website, great! These minor changes may not be obvious to a new bettor but you will soon realize the importance of a great website after you’ve experienced playing on a good and better than good one.

Be extremely careful when you are choosing the site you are going to play on, especially because you are depositing money into the account. We recommend that you do your research beforehand and follow our recommendations as well as your safety is our utmost priority. 

Is Online Horse Betting Legal in the US?

Horse race betting has historically been allowed in most states. Before the Unlawful Internet Gambling Enforcement Act of 2006 was signed, different kinds of online gaming were encouraged. The act impacted the operations of sportsbooks, poker sites and casinos but horse race betting was not part of this act. 

So what king of betting is allowed? Pari-Mutuel betting pools allow players to bet within the state borders, 30 of the states at the moment. What is left to the jurisdiction of individual states? Simulcast wagering as well as on-track and off-track betting. Keep in mind that a bettor needs to be at least 21 years of age.

Online Horse Race Betting

If you are used to sports betting, then you might have to get used to some differences when it comes to Horse Race Betting. As we mentioned above, horse race betting is done using a system called pari-mutuel betting. What this means is that total wagers, like win, place, show and trifecta bets are collected and placed into one pool. In the end, the pool is split between the winning tickets. Even a last minute bet will further divide the prize pool into more tickets.

One can bet on an individual horse or on many horses in a given race. You can bet in the order they will finish during that race or across multiple races.

Let’s look at the different kinds of bets:

Single Horse Bets

  • Win - It is the most common kind of horse bet. Here you will predict who you think will win the race.

  • Place - Select the standing you think your horse will finish up at, i.e. first or second.

  • Show - Select the standing you think your horse will finish up at, i.e. first, second or third.

Multiple Horse Bets

  • Exacta - Select two horses in the order you think they will win. Multi-Horse bets are allowed.

  • Trifecta - Select three horses in the order you think they will win. Multi-Horse bets are allowed.

  • Superfacts - Select four horses in the order you think they will win. This may be the hardest to bet on but the payout is big.

Multiple Race Bets

  • Pick 5/6 - Select winners of multiple races at a particular track everyday. If the pick bet loses the prize pool, the next day’s prizel poll is inclusive of the previous day (i.e. it rolls over), thereby increasing the winnings tremendously. This gives other people an opportunity to join in on the fun.

  • Futures - Combine future bets for the major race meetings, like the Triple Crown.

Horse Race Betting - How do the sites work?

With the new technology, you have a chance to bet on your computer (desktop or laptop) in addition to your mobile phone and tablet. You can use the browser version for most of the brands. However, if you rather download an app, those are available too. Websites will adjust to your screen size and links will be embedded behind icons to maximize space.

Are you ready to register for a new account on a horse betting site? With just a few steps you will be on your way:

  • The site will detect your location to make sure you are allowed to play

  • Provide the last four digits of your Social Security Number to ensure you are 21 years or older.

Main Sections on a website

Today’s Races

  • Typically shows the latest races.

  • Scroll to find the one you want to bet on or use the search feature.

  • You will be able to see basic information about the horses in addition to the most recent win, place and show prices.

  • Once you click on the betting line, it will be added to your bet slip.

Bet Slip

  • Once you have selected all your runners, the next step is to organize it.

  • You can remove selections easily at this point or use the quick bet builder that some sites offer to complete the process.

Video Streaming

  • When you are ready you will be able to enjoy watching the game over live stream. 

  • TVG also offers more video content for it’s viewers. 

Results Database

  • You will find two kinds of data on the horse racing sites.

  • Primary data and pro-level past performance data is freely accessible on the site to help you make an informed decision.

Account Information

  • Click on this tab so that you can access:

    • Account Info

    • Account Balance

    • Loyalty Reward Points

Cashier

  • Click on this tab so that you can access:

    • Deposits

    • Withdrawals

    • Balance

Bonuses and Promotions

  • You will want to look at this page multiple times during the day so that you don’t miss out on any specific promotion that will probably be applicable to your bet. 

  • Another place where you would be able to find this information would be on the page’s social media handles.

Online Horse Racing Sign Up Bonuses

When you select your preferred site to bet on, after doing your research, make sure they offer sign-up bonuses and promotions. This is an exciting way to add some free money into your account. Promotions and bonuses play a vital role in the online betting world. This is because it is not always easy to win but with bonuses offered, you will have a chance to recover partially for any of your losses. However, if you are on a winning streak, a little extra cash in your pocket wouldn't hurt. If you are a seasoned bettor, you will take advantage of any or all the promotions the site offers. This is what will send you apart from an amateur player. Just betting on the sites is not enough. Be willing to utilize all avenues to increase your bankroll after reading through the terms and conditions of the promotions/bonuses.

An outstanding offer to look out for is by TVG. They give their members a first-time deposit bonus of $250. Each site offers some exquisite bonuses so be sure to look out for them when you are considering your preferred betting site.

Best Online Horse Racing Betting Sites Recommendations

We have put a list together with some basic information that will be useful for you to get a headstart on. Some people prefer choosing websites that are local to them. There could be many reasons for that. Let’s look at a few reasons:

  1. Prefer betting in their local currency

  2. Local legal policies could be easily maintained locally

Make sure to do your own research before heading over to the signup page. Here are some of the options we recommend:

Name

Website

Bonus

AMWager

https://www.amwager.com/

  • $100 Deposit Match

  • $500 Signup Bonus

TVG

https://www.tvg.com/

  • $250 Free Bet Bonus

  • $25 Referral Bonus

Xpressbet

https://www.xpressbet.com/

  • Sign up bonus up to $500

  • $50 Referral Bonus

123Bet

https://www.123bet.com/

  • Deposit Bonus up to $1000

  • $50 Referral Bonus

A pro tip to keep in mind is don’t be restricted to try only one site. Shop around multiple sites to know who offers the highest wager on the same bet. This will be beneficial to you and you will make more money.

Factors used to determine if a site is safe

1. Licensing 

The site that you chose to play on should have a gaming/betting license. This is the number one factor to keep in mind when evaluating the site. Ensure that the license is acquired from a reputable agency who has strict policies in place. There are many organizations that are lenient as well, so it is important to do a little research about the agency that has granted the license. The following is the criteria that the license is stringent upon:

  • Segregation of deposited funds
  • Audits and/or testing conducted regularly
  • Ideal security measures
  • High-level encryption to ensure safety for all financial transactions

2. Horse Racing coverage

It is important for the site to offer a wide range of races and horses that you can choose from. From the more famous ones to the lesser famous ones, you should have that flexibility available to you when you bet online. 

  • Variety of Betting choices
  • Competitiveness of horse betting odds
  • Quality of betting platform
  • Ease of use
  • Deposit/Withdrawal Options
  • Bonuses, promotions and rewards
  • Withdrawal speed
  • Customer support

So although some people may not understand the true benefits of choosing the right website, we hope at this point you have a clear understanding of why it is important to keep these factors in mind.

Online Horse Betting - Deposits/Withdrawals

The process to deposit money into your betting account is simple and safe. Let us look at some of the most common accepted methods to deposit money:

  • Visa Card (debit/credit)

  • Mastercard (debit/credit)

  • Prepaid Debit Cards

  • Visa Gift Cards

  • Bank Transfers/Express Funding/Expressfund

  • Wire Transfers

  • Paper Checks

  • PayNearMe (local 7-Eleven store)

  • Paypal

Make sure to check with your bank if any service fees are applicable for such transactions.

Online Horse Betting - Bonuses and Promotions

Matched Deposit Bonus

  • To incentivize new players, the betting sites typically offer matched bonuses or free bets.

  • There will be some specific terms that need to be fulfilled with a time frame so that you can use the bonus amount, so read the terms and conditions attached to the bonuses as well.

Risk-Free First Bet

  • Sometimes in place of the matched bonus, sites offer you a risk-free first bet (like at TVG).

  • So if you lose, you get to claim your stake back as a refund.

  • This is usually added to your account as a new bet.

Promotions

  • There are many kinds of promotions that are offered on each website.

  • You will see a specific tab for that on the menu bar.

  • When events take place, the promotions that are offered are centered about the theme of the race.

  • You may notice that some sites have their standard promotions while others change their offers all the time.

Free Past Performances

  • Access data put together by experts to make an informed decision about your selection.

Picks Contests

  • Compete with other users to select the winner of one or multiple races.

Loyalty Rewards

  • Everytime you place a bet, you can collect points that can be redeemed for more bonuses or free bets.

Popular Horse Race Events in the US

Kentucky Derby

  • First leg of the Triple Crown.

  • Scheduled on the first Saturday of May.

  • Help at the Churchill Downs racetrack in Louisville, Kentucky.

  • This race is also known as “The Run for the Roses. 

  • Open to 3-year olds and the run is over 1 ¼ miles.

Preakness Stakes


  • Second leg of the Triple Crown.

  • Scheduled to take place 2 weeks after the Kentucky Derby.

  • Held at the Pimlico Race Course in Maryland

Belmont Stakes

  • Third leg of the Triple Crown.

  • Held at the Belmont Park in New York.

  • This race is also known as “The Test of the Champion”.

Breeders’ Cup

  • This event is for the thoroughbred and the prize pool is huge.

  • It typically attracts some of the best horses from around the globe.

  • You can win upto $6 million for the classic race. 

Popular Horse Race Events outside the US

Epsom Derby

  • Inspired by the Kentucky Derby.

  • First started in 1780.

  • Held at the Epsom Downs Racecourse near London.

Prix de l’Arc de Triomphe

  • Held at the Longchamp near Paris.

  • Takes place on the first Sunday of October.

Dubai World Cup

  • Started in 1996.

  • It has the biggest price pool when compared to the other races around the world.

  • Attracts talent from around the world.

Japan Cup

  • Held at the Tokyo Racecourse (2,400 meters).

  • Biggest prize pool in Japan.

  • Attracts talent from around Europe as well.

Online Horse Racing - FAQs

Which states allow Horse Racing?

There are 30 states in the nation that allow residents to place online horseracing wagers. They are:

  1. Alabama

  2. Arkansas

  3. California

  4. Connecticut

  5. Delaware

  6. Florida

  7. Illinois

  8. Iowa

  9. Kansas

  10. Kentucky

  11. Louisiana

  12. Maine

  13. Maryland

  14. Massachusetts

  15. Montana

  16. New Hampshire

  17. New York

  18. North Dakota

  19. Ohio

  20. Oklahoma

  21. Oregon

  22. Pennsylvania

  23. Rhode Island

  24. South Dakota

  25. Tennessee

  26. Vermont

  27. Virginia

  28. Washington

  29. West Virginia

  30. Wisconsin

  31. Wyoming

Can we watch the races online instead of going to the racecourse?

Most of the sites give you an option to stream the races directly to their site or app. You can also tune into TVG on the TV and catch the relevant race you would like to see, 24 hours a day.