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Horse Racing Betting Sites
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Guide to Horse Racing Betting
If you are new to horse racing betting, it may seem confusing at first with all the terms and bet types available in the sports. Horse racing may not be the most popular sport that punters in the US love to bet on, but if you can understand how it works, you may be lucky to win big from it. In this guide, we will explain the vital things you need to know about horse racing betting. We’ll discuss the types of bets you can place and how to choose the best horse racing betting sites. Let’s get started.
Best Horse Betting Sites
6 sportsbooks rankedOffers in US dollars21+ only
- 1
SportsBetting.agSportsbook
- 11 coins at the cashier
- Poker room on the same account
- Payouts in 24–48 hours
Sports welcome50% up to $250 in free bets+ 100 casino free spinsTerms & banking
- Minimum deposit
- $10 (spins) · $25 (match)
- Wagering
- no wagering on free-spin wins
- Payout speed
- within 24–48 hours
- Cards & banking
- Visa, Mastercard, American Express, Discover, Bank wire
- Crypto
- BTC, BCH, ADA, DOGE, ETH, LTC, SOL, TRX
- Online since
- 2003
- 2
BetUSSportsbook
- On the US market since 1994
- Sportsbook and casino, one account
- Payouts in 24–48 hours
Sports welcome125% up to $2,500100% sportsbook + 25% casinoCode JOIN125Terms & banking
- Minimum deposit
- $100
- Wagering
- 40x (casino) · 14x (sports)
- Payout speed
- 24–48 hours
- Cards & banking
- Visa, Mastercard, American Express, Person-to-person transfer, Check by courier
- Crypto
- BTC, BCH, LTC, ETH, USDT, USDC
- Online since
- 1994
- 3
BovadaSportsbook
- Sportsbook, poker and casino
- Crypto payouts within about an hour
- Since 2011
Sports welcome75% up to $750crypto sports welcome, 5x rolloverCode BTCSWB750Terms & banking
- Minimum deposit
- $10 crypto · $20 card
- Wagering
- 25x first deposit · 5x sports
- Payout speed
- up to 1 hour after approval for most coins
- Cards & banking
- Visa, Mastercard, American Express, bank transfer/wire, check by courier
- Crypto
- BTC, BCH, BSV, LTC, ETH, USDT, Bitcoin Lightning
- Online since
- 2011
- 4
BetOnlineSportsbook
- 16 coins at the cashier
- Sportsbook, poker and casino
- Since 2001
Sports welcome50% free bet up to $250+ 100 casino free spinsCode FREE250Terms & banking
- Minimum deposit
- $20–$50
- Wagering
- no wagering on free bets and spins
- Payout speed
- up to 24 hours
- Cards & banking
- Visa, Mastercard, American Express, Discover, Person2Person transfer
- Crypto
- BTC, ETH, LTC, DOGE, AVAX, BNB, BCH, ADA
- Online since
- 2001
- 5
MyBookieSportsbook
- Sportsbook and casino, one wallet
- 8 coins at the cashier
- Payouts in 12–24 hours
Sports welcome100% up to $1,000sports welcome, 10x rolloverCode MYB100Terms & banking
- Minimum deposit
- $45–$50
- Wagering
- 40x casino · 10x sports
- Payout speed
- 12–24 hours after approval
- Cards & banking
- Visa, Mastercard, MoneyGram, Person2Person transfer, eCheck
- Crypto
- BTC, BCH, LTC, ETH, USDT, ADA, DOGE, SOL
- Online since
- 2014
- 6
XbetSportsbook
- 10 coins at the cashier
- Bitcoin cashouts from 15 minutes
- Sportsbook and casino, one account
Sports welcome100% up to $200crypto sports welcome, 10x rolloverCode XBCRYPTO100Terms & banking
- Minimum deposit
- $45–$50
- Wagering
- 40x casino · 10x sports
- Payout speed
- within 24–48 hours
- Cards & banking
- Visa, Mastercard, American Express, eCheck, Bank wire
- Crypto
- BTC, LTC, ETH, BCH, USDT, DOGE, ADA, BNB
The operators above are offshore sportsbooks and casinos licensed outside the United States; they are not licensed by US state regulators. Check the law in your state before you sign up. 21+ only. Bonus terms apply and can change. We may earn a commission when you join through our links. Gambling problem? Call 1-800-GAMBLER.
Types of Horse Racing Bets
Generally, there are two categories of horce bets you can place — Straight Bets and Exotic Bets. Straight bets are the most basic type of bets on the sport. The risk associated with them is lower and so is their payout. As for exotic bets, they pay more but are generally much harder bets to hit.
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Straight Bets in Horse Race Betting
Win Bet
This is a bet on a particular horse to win the race. It is one of the simplest bets you can place, and it only requires you to predict the horse that will finish in the first position. When you place a win bet at a sportsbook, you’ll see the odds assigned to the prediction. The odds are based on the bookmaker’s perception of which horse is the favorite to win the game. If the majority of the public places a win bet on the same horse, the lines will move and the odds may get reduced. As with other sports, you can expect to get more potential returns if you place a win bet on a less favorite horse.
Place Bet
Place bet is also similar to win bet in that you are selecting just one horse. However, instead of betting on the horse to win the race, you are betting that it will come in first or second. It does not matter by how many lengths the horse finishes the race so long it is first or second to cross the line.
Show Bet
When you place a show bet, you are betting on a particular horse to finish either in first, second, or third place. As with place bets, you do not get paid anything extra if your horse finishes first or second. The payout remains the same as when you placed your bet. As you may have guessed, the odds for win bets for a particular prediction is higher than that of place bet, while that of place bet is higher than show bet.
Exotic Bets in Horse Racing Betting
Exacta Bet
In this type of exotic horse racing betting, you are betting on two horses to come in first and second in exact order. For example, assuming you wager $5 on horse 1 to finish first and horse 3 to come in second. If horse 3 comes in first and horse 1 comes in second, then you lose the bet.
Quinella Bet
Quinella bet is pretty similar to exacta bet. It involves betting on two horses to finish in the first two spots but in any order. So if you place a $5 quinella bet on horse 1 and 3, you win as long as the two horses come in first and second in any order.
Trifecta Bet
When you place a trifecta bet, you are wagering on three horses to finish first, second and third in exact order. Trifecta bets are often referred to as triple or big triple bets
Superfecta Bet
This type of exotic bets involves predicting the first four horses to finish the race in exact order. Superfecta bets can be quite difficult, but if you can predict right, it can lead to massive wins
Other Exotic Bets
Apart from the previous exotic bets we’ve discussed so far, there are other types that top sportsbooks allow players to place. This includes Daily double, Pick 3 and Pick 4. These bets involve predicting the winners of a series of races.
Boxing in Horse Racing
Boxing is a strategy that you can use when placing exacta, trifecta, and superfecta bets. The strategy allows you to win if the horses you wager on come in any order. However, boxing exotic bets come with additional wagers.
Calculating Odds in Horse Racing Betting
Odds in horse racing works just the same way as with other sports. They determine how much you stand a chance to win. To understand how horse racing odds work, consider this example. Assuming you bet $100 on an outcome with odds of +140, then your potential payout will be $140 as well as your initial $100 which totals $140. You can use a betting calculator to automatically calculate your potential payout.
Choosing the Best Horce Racing Betting Sites
To enjoy the best experience betting online on horse racing, you need to choose a top sportsbook. First, you must ensure that the bookmaker is licensed by an appropriate regulatory body and offers good market and odds. Besides that, you should check the payment methods supported by the betting site and the customer support provided. Why not check the best horse racing bets today at our recommended betting sites.