If you are an avid gambler, or if you simply take interest in it, then you likely already know that online gambling is becoming the latest and greatest thing. The biggest reason for the uptick in online gambling is because you never have to leave the comfort of your home. It is convenient. In addition, you can make a bet from your home’s computer, laptop, iPad, or phone.
While some online gambling is still illegal for most states, online horse betting is NOT. The federal government found itself trying to take down websites like PokerStars and as they focused their time and energy on that, online gambling on horse races was legalized on the federal level.
So, can you take advantage of online horse betting AND make some money legally? Let’s find out.
Meet the Interstate Horseracing Act of 1978
In short, the Interstate Horseracing Act of 1978 allowed betters to make off-track bets at local off-track betting parlors. The Act itself worked to identify how all proceeds would be divided and whether individual states could participate in off-track betting interstate.
This Act helped lead to another Act that took place in 2000 which allowed for interstate off-track betting to include the internet.
After the passage of the Act, online horse betting has been legal within the United States.
While online horse betting is legal, there are about 11 states that have rendered it illegal.
How to Bet on Online Horse Races
Now that we have the legalities out of the way, we can talk about how to bet on horses online.
As you familiarize yourself with the process, you want to make sure that you choose a reputable online gambling site to use. You should take some time to explore the company’s website and learn more about what happens when you win, what is required of you, and so on.
Once you have found the site you want to use, you will need to prepare to place a bet.
The first type of bet is called a WIN. This is where you choose a single horse to win the race. If the horse you choose wins, you win.
The second type of bet is called a PLACE. This is where you place a bet on a single horse. The horse you chose needs to finish in first place OR second place for you to win.
The third type of bet is called a SHOW. This is where you place a bet on a single horse, and it needs to win first OR second OR third for you to win.
Get Ready to Make Some Wagers and Rack in the Money
Online horse betting is growing in popularity as the trend of online gambling is coming to a head. Not only can you bet on single horses online, you can make multiple horse wagers too.
If you love to gamble and have always been a fan of horse races, why not cash in on the opportunity to stay home and make some bets from the living room couch?