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When I started dating Kate, one of our first, and most romantic, dates was when she took me to the racetrack here in Tulsa. We had a great time betting on a few horse races while snuggling in the bleachers as a thunderstorm rolled in.
These days if you want to take the family to a pro basketball or football game, the tickets and food can easily run you $400. Admission to a racetrack is often free, the minimum bet on each horse race is just $2, and you can sometimes bring your own food and drinks. You get to spend all afternoon and evening outside, watching beautiful animals perform at their peak ability. And all this can run you less than a trip to the movies.
Exotic wagers allow you to make multiple bets on multiple horses in a single wager. Exotic wagers are generally much more difficult to win than straight wagers, require an advanced degree of skill and knowledge in horse picking, and are more expensive. However, the payoffs on exotic wagers are much greater than straight ones.
But how do you pick a winning horse? There are literally hundreds of books and thousands of websites on handicapping (that means picking) horses and everyone seems to have a different opinion on what factors are the most important to analyze when choosing a horse. While plain old luck is the biggest factor in whether you make or lose money (especially for beginning pickers), handicapping makes the races more fun because it gives you a sense of control, as well as something to chew over between each race.
It works like this: Have each person ante up $5, and pool the money. Each person in the group picks one race and one horse to bet to show. Place the first bet, and parlay the money on the next race and horse if you win.
When it comes to betting on horse races, you need to decide what type of bet to place before you even place a bet on a horse. As the bets you can make range from a simple bet on a single horse in one race to choosing the winning horses for six consecutive races, you may need the information in the table below to help you explore your betting options.
When the federal government banned bookmakers, pari-mutuel wagering took its place at the racetracks. When you bet on a horse, and it wins, your profits come from the losing horseplayers who bet on other horses in the same race.
The pari-mutuel system puts a tax on wagering called the takeout, which provides the revenues for the horse racing business to pay its bills. The racetrack has to pay for such expenses as overhead costs, maintaining the racetrack and property, employee wages, and most importantly, purse money (the money owners of the racehorses try to win).
Similarly, in horse racing, when you think the race has value, you bet into it. The poker play continues until the player with the best hand wins. The same goes for racing, where if you bet the best horse or horses and they run the best, you win.
If you've mastered the art of win, place and show wagers, try an exacta. An exacta is more difficult than win, place and show wagers, but yields a higher payout. You bet an exacta by selecting a minimum two horses to finish first and second. These horses must finish first and second, in that order, for you to win the wager.
If you've mastered the art of win, place and show wagers, try a trifecta. A trifecta is more difficult than win, place and show wagers, as well as exacta wagers, so it yields a higher payout than any of those bets. These horses must finish first, second, and third, in that exact order, for you to win the wager.
Going one step further, the superfecta calls on horseplayers to accurately select the top four finishers. The superfecta is a challenging wager to hit, so the minimum wager amount at many tracks is just 10 cents, allowing bettors to play many combinations on small budgets.
The Kentucky Horse Racing Commission (KHRC) is an independent agency of state government charged with regulating the conduct of horse racing and pari-mutuel wagering on horse racing and related activities within the Commonwealth of Kentucky. The KHRC is a leader in the welfare of horse and rider and the safety and integrity of horse racing.
Online Horse Betting starts at Go Horse Betting. Whether you want to place bets on thoroughbred, quarter horse or greyhound racing, you can do it at Go Horse Betting. No need to download an app-- our website is responsive so that it works on your desktop, tablet and mobile device! You want a safe place to bet on horses, right? Go Horse Betting takes the guesswork out of choosing the best and SAFEST place to play. We accept VISA, MasterCard, AMEX, Bitcoin and several other funding methods. We provide you the best horse racing TRACK odds at over 300 race tracks including every major track in the USA. Join Go Horse Betting and start betting horse racing online today. Horse racing fans who are new to Go Horse Betting can receive up to a 10% cash bonus on your first deposit! Members can place wagers on the Kentucky Derby, Preakness Stakes, Belmont Stakes, Breeders' Cup as well as every major horse race in North America. Everything you need to bet on horse racing online is right here at Go Horse Betting.
Go Horse Betting provides the best daily horse racing odds for over 300 race tracks in North America and worldwide. Online horse betting is easy using a laptop, tablet, smart phone, Mac or PC. Handicappers looking for more horse racing info can read our daily past performances updates, race results, graded stakes horse racing schedule as well as our general horse racing schedule.
Michigan's pari-mutuel horse racing is governed by the Horse Racing Law of 1995. This act legislates the pari-mutuel method of wagering on the results of live and simulcast races at licensed racing meetings in this state. The MGCB licenses and regulates the conduct of horse race meetings in this state with pari-mutuel wagering on the results of horse races and persons involved in horse racing and pari-mutuel gaming activities at such race meetings.
Along with the Law, there is a set of rules that help define the various activities that take place within the industry. The horse racing rules continue to evolve and expand as the racing industry changes. The changes in these rules help to keep Michigan competitive in the horse racing world.
Everyone is welcome. The tables are hot. The craft beer is cold. And out on the track, a race is about tobegin. This is the magic of Canterbury Park, a favorite destination for horse racing, casino action,concerts, events and all-around entertainment. We celebrate everything. We give you permission to let loose and have fun. Meet your friends, bring a date, invite the family and come play with us!
The Maryland Racing Commission oversees and regulates both the harness and thoroughbred horse racing industry in Maryland. This includes Maryland's seven off-track betting sites. Maryland is also the proud host of the Preakness, the second jewel of thoroughbred racing's Triple Crown.
All of the participants, from the track itself to the jockeys to the concessionaires who provide the food and drink at the racetrack, are licensed by the Maryland Racing Commission. The Commission ensures proper distribution of wagering dollars and regularly reviews the financial statements of the racing associations. The Maryland Racing Commission also maintains its own lab to test for drugs in horses to maintain the integrity of the sport. All of these measures protect and perpetuate first class horse racing in Maryland. E-mail Maryland Racing Commission for more information.
Racingdudes.com is the destination site for all things horse racing and beyond in the world of sports betting. Whether it be free winners, expert insider picks, up-to-the-minute trackside weather reports, or multiple podcasts and livestream videos that provide only the best content for gamblers of all skill levels, never make another wager without visiting the Racing Dudes first!
In a study published in the Journal of Behavioral Decision Making found that men with higher numerical IQs were more likely to engage with skill-based gambling, such as horse racing, choose more complex betting products and spend more money.
Commenting on the findings, Professor David Forrest from the University of Liverpool Management School said: Our research found a strong correlation between men with a high IQ and those who take part in skilled gambling, such as betting on horse racing.
The study does not provide a definitive answer on why men with higher IQs would enjoy betting on horse racing, but the researchers believe this could be because men with higher IQs enjoy the mathematical challenge posed by such skill-based betting.
Gambling in California. The California Constitution and state law limit gambling in California. For example, state law bans sports betting, roulette, and games with dice (such as craps). However, it allows some gambling. This includes:
Horse Racing Betting. Four privately operated racetracks as well as 29 fairs, publicly operated racetracks, and other facilities in 17 counties offer betting on horse racing. The horse racing industry pays state and local fees and taxes. Last year, the industry paid the state around $18 million in fees primarily for state regulatory costs.
Requires Specific Use of CSWF Revenues. Proposition 26 requires CSWF revenues be considered state tax revenues to calculate the minimum amount of spending on K-12 schools and community colleges each year. This means CSWF monies would first be used to help meet this required spending level on education. The proposition requires that monies next be used to support state regulatory costs. Remaining monies would be used in three ways: (1) 15 percent for gambling addiction and mental health programs and grants, (2) 15 percent for sports betting and gambling enforcement costs, and (3) 70 percent to the state General Fund. 041b061a72