Choosing the Right Online Racebook
The first step is to decide where you will make your online racing bets. There are many online racebooks to choose from, but some are better than others. You can easily evaluate the best racebooks by consulting trusted reviews.
We have recommended many online racebooks. Our reviews are unbiased and take into account multiple factors. Specifically, look for:
- A good reputation
- Big bonuses for players
- Access to many race tracks
- A full horse racing betting menu
The reputation is always first. That’s why we often suggest online racebooks like TwinSpires , Bovada, Betamerica, Amwager, 5Dimes or TVG. If you find that a racebook has many complaints against it, the chances are it is not a good choice.
You should also pick a racebook that offers a welcome bonus to new players. You may be able to receive a matching bonus on your first deposit, or you could receive a risk-free wager.
The point of using an online racebook is to give yourself access to race tracks at home and abroad. You want to be able to bet at race tracks in the US, UK, Japan, Australia, and Hong Kong with one betting account. This is possible when you choose the right racebook.
Complete the Sign Up and Deposit Funds
Once you have made your choice, you can then sign up in just a few simple steps. Some online racebooks will ask you to verify your identity. You may be required to provide identity documentation in some cases.
At the time you sign up be sure to enter any bonus codes that you have been given. These will allow you to claim the bonus money to which you are entitled. That free money makes a big difference, and it can allow you to make bigger bets for a bigger chance to win.
Once your account is opened and verified you will be able to make a deposit to the account. This is done through the cashier tab. Most online racebooks will give you a number of different options for making a deposit. You will be able to use a bank account, credit card, or e-wallet with most racebooks.
The bonus money that you are given will be credited to your account for immediate wagering. You can use it to make bets, but a wagering requirement is often necessary before you can cash out the money. You will need to check the terms and conditions of the racebook.
A final word about bankrolls and how much money you should use for wagering. You need to deposit at least 50X the amount of the minimum wager that you will be making. So, if you are going to be making $2 bets a $100 total bankroll is suggested.
Start Betting Horses Online
With your account open and funded, it is now time for you to start betting horse races online. You may be a little bit overwhelmed when you see all the horse racing tracks that are available to you. Take a breath and spend some time choosing.
Do you have a horse racing circuit that you generally follow? That would be a good place to begin betting horses online. You need to stick with what you know before you venture out to explore other opportunities.
When you set your sights on another circuit, spend some time researching the horses, jockeys, and trainers. Keep a notebook in which you can refer to race results. Over time you will develop a valuable resource that can be used over and over again.
Choosing the Right Horse Racing Bets
Now that you know which horse racing circuits you intend to bet, you will need to think about the types of bets that you will be making. Many players like to stick with the basic horse racing bets in the beginning. These are bets to win, place, and show.
Exotic bets will give you a better chance to win larger sums of money. Eventually, these must be added to your betting strategy for maximum profit. Once again, you should take some time learning about the different bets that can be made before you jump into the fray and begin wagering.
You will probably notice that some special bets are offered on horse racing’s biggest days. These can include a Pick 6 or Pick 4. The pools for these wagers can get very big, and they may be a great chance to score a huge win.
Cashing Out Your Horse Racing Winnings
If you have done your homework and made smart horse racing bets, the time will come when you need to cash out your horse racing winnings. You will do that through a simple process that only involves a few clicks.
Most online horse betting sites will allow you to choose to receive your winnings in a number of ways. You can have the money transferred to a bank account, sent to an e-wallet, or even request a check. Be aware that there are different time frames and fees associated with each withdrawal method.
Now you have a guide to winning with an online racebook from start to finish. We suggest that you start looking at our recommended racebooks to choose the one that is right for you.
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