Most of the people who visit and read the articles provided by EZ Horse Betting like to bet horses online. Creating an account with a racebook offers many advantages. You can bet on races from all over the world from the comfort of your own home. You can use your computer, laptop, tablet, or phone to make wagers. It is also possible to access free past performances as well as watch video replays of past races.
When you first begin using a racebook, things can be a little bit confusing. This is especially true if you have never used a racebook before. EZ Horse Betting has put together this brief tutorial to help you understand the online racebook platform and help you have a pleasant experience.
How Online Racebooks Work
The first thing you should understand is how online racebooks function as a betting venue. The way in which they operate is not much different from the way things are done at a live racetrack.
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At a live racetrack, bettors wager into a pool which is displayed on a tote board. This tote board displays the odds on each of the horses in the race. Bettors are actually responsible for making the odds. As they bet on various horses to win the race, the odds on each individual horse go up and down.
Many years ago, there were only two options for making bets on horseracing. One either had to go to the track in person or they had to find a bookie who was willing to take a bet. Bookies were not regulated by the track odds and could basically set their own lines. The price you received on a certain horse could be much lower or much higher than it was at the track depending on the bookie’s need to make a profit.
In the 1980’s, another form of betting began to surge in popularity. The OTB, or Off Track Betting parlor, was tasked with providing a full menu of betting services for people who could not make it to the racetrack in person. For example, if you lived in New York and were unable to attend the live races at Aqueduct or Belmont Park, you could simply go to one of many OTB parlors in the city and make your bet. The great thing about this was that an OTB was directly linked to the pools at the racetrack. When you made a bet with the OTB you were given track odds just like those bettors at the track.
The Age of Simulcasting
It wasn’t very long before OTB parlors and racetracks were permitted to simulcast races from other tracks around the country. This meant that bettors could now go to a racetrack in New York and watch and wager on races in California, Florida, or even races in Australia. Simulcasting opened up a whole new world for bettors who were handicapping professionally.
Before simulcasting, a handicapper had to depend on making his living at a single track or the tracks on one circuit. After simulcasting, a bettor could pick and choose from races all over the country.
Like an OTB, simulcast races were tied directly into the tote board and pools at the actual tracks. This allowed horseplayers to receive track odds at any tracks they wished to play. It also meant that the pools for the races were getting larger, meaning that there was more money to be won on individual races. You could even make the argument that simulcasting is the reason bets like the Pick Six have grown in popularity and offered life changing payouts that can reach millions of dollars.
Welcome to Online Horse Betting
The advent of the Internet was a boon for horse betting. Because the technology for simulcasting was already in place, it was a relatively simple matter to expand that technology to the Internet. Today, a variety of racebooks allow you to place bets from home.
Online horse betting works exactly like simulcasting in most cases. The online pools are tied directly to the pools at the track. A racebook like Twin Spires will offer you the same betting menu and the same odds that you would receive if you were at the racetrack.
You can also watch races in real time through live video streaming. A simple click will allow you to switch between various tracks quickly. If you would like to go back and watch a race replay from an earlier date, you can also do that.
Getting Started Betting Horses Online
The first step to betting horses online is to create an account with a racebook. EZ Horse Betting recommends that you try one of our affiliate partners. Just click on one of the banners you see on our website and you will be taken directly to the racebook’s website.
Once there, you will be given the opportunity to create an account. This will require you to submit your personal information and create a username and password. Once your account is established, you will be permitted to deposit funds through a variety of methods. You can use a variety of credit cards or link your bank account. Withdrawals are available through direct deposit to your deposit method or you can request a check to be delivered by mail. In some cases, fees will apply when you request a check.
After your account is created and you have deposited money, the fun of betting on racehorses begins.
How to Bet Horses Online
When you log on to your racebook account, you will see a variety of menus that let you make various choices. The first of these will be to choose which track you would like to play. In most racebooks, there will be a drop down menu on the side of the screen which lists all of the tracks that are currently available for wagering. You will find all the major United States racetracks as well as tracks from Australia, the UK, and Japan. You will only be allowed to select a track that is currently running a race card.
Once you have chosen the track you would like to wager on, a live video feed of the track’s simulcast signal will appear on the screen. You will be able to see the same video feed that patrons at the racetrack are watching. You’ll get to see the horses as they enter the paddock and the during the post parade. Finally, you’ll be able to watch the race in progress.
Just below the video feed you will see a menu of options. This menu is where you will place your bets. Just beside the menu you will be able to see your account balance and how much money you have to bet with. On the menu each horse is listed by the number they wear in the race. If you hover over the number with your mouse or do a long press, you will usually be able to see the name of the horse as well.
Next you will see boxes for different types of bets. There are boxes for win, place, show, exacta, trifecta, superfecta, and other exotics. You select the type of bet you would like to make by simply placing a check mark in the appropriate box. You will also place a check in a box signifying the amount you would like to bet. All racetrack odds are based on a base unit of $2. You can bet any amount you like, however. There are even some tracks which have bets for as low as $0.10.
Once you have selected the bet type and the amount of money you would like to bet, the final step is to choose the horse or horses that you will use in your wager. Once again you will simply place a check in the box next to that horse’s number.
Online Horse Betting is Intuitive
You will discover that the horseracing platforms used by most racebooks are very intuitive and take only a few moments to master. Most racebooks also offer live support in case you need help in learning how to make your bets.
Some racebooks also let you place bets by phone. They provide a toll-free number that you can call and place your bet just like you would with a live teller at the racetrack.
If you know how to perform the most basic operations of a computer, phone, or tablet, you can bet on horseracing with ease.
Online Horse Betting is Legal in the United States
If you live in the United States, it is legal to bet the horses online. Almost all racebooks accept US players. Unlike other forms of gambling, horseracing is considered parimutual wagering. This means that bettors are betting among themselves instead of against the house.
Why not take a few minutes right now to create an account with one of our trusted affiliate partners and begin betting on your favorite racetracks? Many racebooks provide a generous sign up bonus to you when you create an account. You can use that money to learn how to bet the horses risk free. Now, it is time to explore some horse betting sites so do check our Bovada racebook review, Twinspires review or even our Betamerica review. All great choice if you are in the US. 5Dimes review for folks anywhere!