Dean Carr, writer, NewsDirect.com | Fact Checked By: Sarah Lunness, NewsDirect.com.
Are you a fan of horse racing? Are you also interested in placing bets on your favorite horse races? Look no further because this article will discuss the best betting sites for horse racing in the US. We’ll dive deep into the six best sites, what they offer, how to take advantage of the fantastic bonuses, and much more! Make sure to keep reading to find out more!
List of The Best 5 Horse Racing Betting Sites:
- FanDuel
- DraftKings
- BetMGM
- Caesars Sportsbook
1. FanDuel
Starting off our list is none other than FanDuel. Founded in 2009, FanDuel has become one of the best and most popular betting sites in the US. Customers are greeted with an exceptional welcome offer, a brilliant selection of horse racing betting markets, and much more! Make sure to read on to find out more about this brilliant site.
Range of Horse Racing Markets – 4.9/5
One crucial aspect of creating a high-quality betting site for horse racing fans is including an ample selection of horse racing betting markets. This is precisely what FanDuel provided its customers. Whether players want to bet on some of the biggest races in the world, like Cheltenham and Royal Ascot, all the way to the Kentucky Derby and the Preakness Stakes, they are bound to find something to sink their teeth into.
Bonuses and Promotions – 5/5
The range of bonuses and promotions offered to new and existing customers on the FanDuel site are exceptionally high quality. New customers signing up to the site for the first time will receive a welcome bonus of $150 when they bet $5! No bonus code is required to qualify for this deal either; simply sign up and enjoy one of the best sportsbook promos around!
Payment Options and Payout Speed – 4.8/5
Players will always want their winnings to be transferred as quickly as possible. Players lucky enough to be paid out as a winner on the FanDuel site can expect their winnings to be withdrawn in as little as one hour. However, in some cases, it can take up to five business days to process, depending on different factors.
Overall – 4.9/5
Our experts believe FanDuel is one of the best horse racing betting sites. And we cannot help but agree! The welcome bonus offered to new customers is among the most generous. Players will have plenty of markets to choose from when betting, and players can expect speedy withdrawals. Click the link provided to get started!
States FanDuel Is Legal In
FanDuel is legal in: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.
2. DraftKings
Next up, we have DraftKings. Founded in 2012, DraftKings has become one of the US’s most famous betting brands, especially in horse racing. Our research has led us to believe that DraftKings is among the best in the US, so read on to learn more about this exceptional brand.
Range of Horse Racing Markets – 4.9/5
Players looking for a site that offers a comprehensive range of race meetings should look no further than DraftKings. DraftKings offers all its customers an extensive range of horse racing meetings from events worldwide. Players will undoubtedly find something to enjoy, from Royal Ascot to the Kentucky Derby and everything in between.
Bonuses and Promotions – 5/5
New players signing up for the DraftKings site for the first time will receive a welcome bonus of up to $1,200 in bonuses. Players in MA will receive a $200 bonus when they bet $5 upon registering. No promo code is required to be eligible for this superb offer either; simply click the link, create an account, and get started today!
Payment Options and Payout Speed – 4.8/5
Players want to feel safe and secure when making transactions online, especially on gambling sites. This is why providing customers with an ample selection of tried, tested, and trusted payment methods is crucial. DraftKings lets players deposit money into their accounts via PayPal, Venmo, Wire Transfer, and other trusted methods.
Overall – 4.9/5
Our team of experts has put hours of research into finding you the top horse racing betting sites. DraftKings is certainly one such site. Players are bound to be impressed with the generous welcome offer, the horse racing meeting coverage, and the helpful range of copayment methods. Click the link provided to get started today.
States DraftKings Is Legal In
DraftKings Sportsbook is legal in: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.
4. BetMGM
Founded in 2018, BetMGM has quickly become a front-runner in the online gambling. Despite the site’s infancy, many unique features are available to all new and existing customers, including one of the best sports betting apps for horse racing. Keep reading to learn more about this exceptional site and what it offers.
Range of Horse Racing Markets – 4.8/5
Horse racing fans will always look for a site that offers the best coverage of race meetings to keep up with all the action from around the globe. This is exactly what BetMGM has provided its customers. A comprehensive range of major race meetings worldwide can be found on the BetMGM site. Along with fantastic betting options, such as first past the post and extra place bets.
Bonuses and Promotions – 4.9/5
Customers who sign up for the BetMGM site for the very first time will receive a welcome offer of up to $1,500 paid back in bonus bets. Players based in NV will receive a $10 bonus. Unfortunately, DC, MS, and NY players do not receive a welcome bonus. However, these users can still enjoy all of the brilliant features on offer on the BetMGM site.
Payment Options and Payout Speed – 4.8/5
There is an extensive range of brilliant payment options available to choose from on the BetMGM site. This will make customers feel safe and secure when making transactions online. These payment methods include PayPal, MasterCard, Visa, and many more!
Overall – 4.8/5
Overall, we believe customers looking for a high-quality betting experience on one of the US’s most popular betting sites look no further than BetMGM. It should be no surprise to experienced punters that BetMGM has made its way onto our list of the top horse racing betting sites. If you want to sign up for BetMGM, click the link provided to be taken to the account creation screen.
States BetMGM Is Legal In
BetMGM is legal in: Arizona, Colorado, DC, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, Nevada, Ohio, Pennsylvania, Puerto Rico, Tennessee, Virginia, West Virginia, and Wyoming.
5. Caesars Sportsbook
Our penultimate site on our list is none other than Caesars Sportsbook. Caesars is, of course, one of the most instantly recognizable betting brands in the entire world, let alone the US. Read on to learn more about this brilliant betting brand.
Range of Horse Racing Markets – 4.8/5
Players are bound to be impressed with the coverage of horse racing events on the Caesars Sportsbook site. With events like Cheltenham, Royal Ascot, and the Kentucky Derby all fully covered, along with countless more, players will be spoilt for choice.
Bonuses and Promotions – 4.9/5
When players sign up for the first time on the Caesars Sportsbook site, they are instantly greeted with a bonus where players can place a first-bet of up to $1,000, and if it loses, they get 100% of their money back as a bonus bet.
Payment Options and Payout Speed – 4.8/5
Players will also be greeted with an exceptional range of payment options with speedy withdrawal options. Players can choose from methods such as PayPal, Visa, MasterCard, and many more! Those who wish to withdraw their winnings quickly can do so in as little as one hour. However, in some cases, this can take up to five business days.
Overall – 4.8/5
Overall, Caesars Sportsbook deserves its place on this list. Players are bound to be pleased with the quality of the welcome offer, the range of races included, and the range of payment methods. If you wish to participate in this fantastic site, click the link provided to be taken to the sign-up page and get started.
States Caesars Sportsbook Is Legal In
Caesars Sportsbook is legal in: Arizona, Colorado, DC, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, Nevada, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming.
How We Selected The Best Betting Sites For Horse Racing
This next section will discuss our process of choosing which sites make it onto our list of the best horse racing betting sites. We set out five criteria each site must meet to be considered for a spot on this list. If this is something you wish to learn more about when betting on horse racing, continue on.
Sign Up-Bonus
First of all, we assess the quality of the welcome bonus. A welcome bonus on a betting site acts as an advertisement. The better the offer, the more likely people want to sign up and take advantage of the offer and the other features the site offers. All sites in this article provide exceptionally high-quality welcome offers that are free to claim. Simply click the link of your chosen site, create an account, enter a promo code if required, and take advantage of the brilliant welcome bonuses on offer.
Competitive Odds
Next, we assess whether the site offers sufficiently competitive odds regarding horse racing. No one will want to sign up for a site that does not offer competitive odds. For example, if a site offers odds on a race of 4/1, and another site offers the same selection, but at 6/1, there is only one place that players will go. It’s a no-brainer!
Horse Racing Bet Types
Then, we assess whether the site offers customers a good range of betting options. Thankfully, each site featured in this article offers their customers a brilliant range of betting options. This allows players to bet their way. This goes a long way to creating a positive user experience and creating a high-quality betting app.
Deposit and Withdrawal Options
The fourth thing we assess is the quality of the deposit and withdrawal options. Having safe and secure payment methods is necessary for the best horse racing betting sites. Players want to feel their funds are safe and secure when betting online. This is easily catered to by providing an ample selection of tried, tested, and, most importantly, trusted payment methods. All featured sites in this article have done exactly that.
Horse Racing Coverage
We then assess whether the site has suitable coverage of races. After all, there would be little point in including a site on our list if the selection of races was poor. Therefore, we only recommend the sites that offer the most vast range of races from across the globe. This is one of the best ways to provide customers with a positive experience when using the site.
Horse Racing Betting Explained
In this next section, we will be discussing the different types of horse racing betting options. This is for those who are less familiar with the terminology used on these sites. Therefore, make sure to keep reading so that when it comes to placing your first bet, you are 100% clued up.
Win
Starting off with a simple one. This simply means you are betting on a horse to win a race. It is also possible to bet on multiple horses to win. A $2 minimum bet is usually required, so read the T&Cs before betting.
Place
To be paid out as a winner of a place bet, you must correctly guess a horse to finish within the top two. The payout will be the same regardless of where the horse finishes as long as it is in the top two.
Show
A show bet is similar to a place bet in that regardless of where the horse finishes, the payout will remain the same. However, it is required to finish within the top three instead of the top two.
Across the Board
This term is used when betting on Win, Place, and Show on one horse. This is when a player places three separate bets. For example, a $2 across the board will be $6.
Exacta
This is essentially when a player guesses the order of the top two horses in a specific race.
Quinella
A quinella bet is when a player guesses the top two horses in a race. However, it does not need to be in order like in an exacta.
Trifecta
A trifecta bet is the same as an exacta, except guessing the top two horses correctly in order; players must guess the first three horses correctly in order.
Superfecta
One further, a superfecta is when a player guesses the first four places in order correctly.
Daily Double
Simply put, this is when a player guesses the winner of two consecutive races. This bet must be placed before the start of the first race.
Gamble Responsibly
If you or someone you know has a gambling problem and wants help, call or visit the Council on Compulsive Gambling:
- Gamblers Anonymous at 855-2-Call GA or www.gamblersanonymous.org
- CO, DC, IL, IN, LA, MD, MS, NJ, OH, PA, TN, VA, WV or WY – Call 1-800-GAMBLER
- AZ- Call 1-800-NEXT-STEP
- IA – Call 1-800-BETS-OFF
- KS, NV – Call 1-800-522-4700
- MI – Call 1-800-270-7117 for confidential help
- MA – Call 1-800-327-5050
- NY- Call 877-8-HOPENY or text HOPENY (467369)
FAQs
Are horse racing betting sites legal in the US?
Yes, in fact. Most states in the US allow betting on horse races.
What is the legal age to bet on horse racing?
Generally speaking, one needs to be at least eighteen years old to wager on horses. But in Texas, Arizona, Iowa, and Nevada, they have to be 21.
Is horse racing betting legal in states that do not have race tracks?
It is legal to wager on horse races even in states without racetracks.
What are the best horse racing betting sites?
Our trained professionals have determined that FanDuel, DraftKings, BetMGM, Caesars Sportsbook, and BetRivers are the best US sportsbooks for horse racing betting.
Are sign-up bonuses available at horse racing betting sites?
New customers can take advantage of significant and worthwhile welcome bonuses offered by all the horse racing betting organisations discussed in this article for free upon signing up.
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