Legal betting on horse racing has been available in much of the United States for years now, including the state of Virginia. Even before states began to legalize sports betting, the horse racing industry was taking and placing wagers. The argument could definitely be made that allowing bets to be placed on horse racing was a massive win for the sport’s growth and current popularity.
The most important horse races of the year include the Triple Crown events — the Kentucky Derby, Preakness Stakes and Belmont Stakes. In addition, other big events include the Breeders’ Cup and the Dubai World Cup, among others with plenty of options for bettors.
In this article, we will break down the basics of horse betting and help you get started or learn more about the industry.
Virginia is among 30 states across the US that allow online horse betting, with four online betting partners that Virginia residents may use: TVG, Xpressbet, Twinspires and NYRABets. Users can create an account on any of these sites to start wagering on horse racing.
Below is a look at some of the most popular betting types when wagering on horses, separated between straight bets and exotic bets.
Horse betting sites are always looking to attract new customers and keep their current users satisfied. One easy way they can do this is by offering bonuses. This can be in the form of a welcome bonus where you deposit money and the site matches your deposit, or it could mean you randomly get a free bet on an upcoming race.
When you plan to join a site that offers horse race betting and want to utilize the bonus offer, make sure you shop around and search for the best deals. In addition, if you are already an experienced horse bettor and a bonus pops up into your account, make sure you read all the offer details, including the terms and conditions.
TVG, for instance, is currently offering a sign-up bonus for up to $250. New users get a 50% bonus on their first deposit to the site. In addition, TVG will have some free-to-play options that allow you to win money without taking on any of the risk in a normal wager.
Once you have done all your research and realize you want to try betting on horse racing, it’s time to start your account. First, let’s dive into the major deposit options, also using information from TVG as the example. Below are the ways you will be able to deposit money to get started.
Suppose you placed your first few bets, won at least one of them and are ready to cash out and celebrate with your winnings. How do you do that? Here’s how this situation operates when looking at TVG’s methods of doing business with its customers.
You can withdraw money using debit, PayPal, e-check transfer, TVG prepaid card, wire transfer, check withdrawal request or cash withdrawal at the track.
There are plenty of horse racing options to satisfy anybody looking for entertainment. In addition, there are several types of horse races to bet on.
Thoroughbred racing is the most popular variety of horse racing. It allows only registered thoroughbreds in races, while harness racing has only registered standardbreds. Quarter horses are the sprinters among all the racing horses, while thoroughbreds are built for middle distance and speed.
Many horse races happen across the country each year, but a few major events get the most attention. It starts with the three Triple Crown races as well as the Breeders’ Cup. Here’s some additional information about these important events.
Horse racing bettors and fans of the sport can catch the races live by checking out TVG’s video streaming service. All you would need to do is sign up for a TVG account. The account is free for wagering customers or $9.99 for per month via a subscription.
Now that you know plenty of the basics of horse betting, let’s make you a more informed bettor and give you a look at some of the strategies that hopefully lead to long-term success for you as a bettor.
With the increase in betting across America, there is plenty of information out there on horse racing. Search around to find the information you trust the most that will hopefully help you in earning a profit betting on horse races.
The state of Virginia offers a variety of horse races and venues to attend. Some of the most popular events include the Virginia Gold Cup, Virginia Bred Races at Laurel, Harness Racing at Shenandoah Downs and the International Gold Cup. Others include the Old Dominion Hounds Point to Point, Blue Ridge Hunt Point to Point, Foxfield Fall Races and Virginia Fall Races.
Yes. Bettors are allowed to bet on the Kentucky Derby using TVG.com, XPressBet.com, TwinSpires.com or NYRABets.com.
Virtual horse racing refers to simulations of horse races.
Yes. Horse betting is legal in Virginia.
A horse racing form can be confusing at first, but it will become easier to understand over time. The form takes note of the horses’ previous performances in prior races and can be useful in predicting the outcome of the next race. This is a key factor to study prior to placing a wager on a race.