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?
