Horse Racing Betting
Unlike online casino and sports betting, online horse racing betting is already legal in Pennsylvania. For years, bettors have been able to place bets on their favorite races from their computers and mobile devices.
If you’re new to horse racing betting, you’ve come to the right place. Continue reading to learn more about horse racing odds, how to bet on horse racing, and the places where you can bet on horse races online in Pennsylvania.
Where to Bet on Horses in Pennsylvania
Pennsylvania already offers online horse racing betting via desktop and mobile devices. Below is a list of sites where you can find horse racing odds and place bets on horse racing.
- NYRA Bets
- Bet America
There are several live horse racing facilities in the state, including:
- Harrah’s Philadelphia Casino & Racetrack
- Hollywood Casino at Penn National Race Course
- Meadows Racetrack and Casino
- Parx Casino and Racing
- Mohegan Sun at Pocono Downs
You’ll be able to bet on races from these racetracks online at the sites listed above.
How to Bet on Horse Racing
Horse racing betting works a lot differently than betting on all other sports. Below is a quick tutorial on the basic of how to bet on horse racing.
Understanding Odds – Horse racing odds are pretty straightforward and are often presented as fractional odds. For example if NightFire is 4:1, then you will win $4 on ever $1 wagered. If the same horse is 1:4, then you only get $1 for every $4 wagered.
Sometimes you might see horse racing odds presented in moneyline format. It works on the same concept. If NightFire is +400, you get $400 on ever $100 wagered. If the same horse is -400, you only get $100 on a $400 wager.
If you hear about an “odds-on” favorite for a horse, that is the one that’s expected to win. You can usually determine this by the horse that has the least favorable odds out of the group.
Now that you know the basic about odds, here are the most common bets you can place on horse racing.
The following three bets are the most common for horse racing betting:
Win – You’re betting on whether a horse will win a race. This bet pay well.
Place – You win this bet if your hose finishes first or second. This pays out less than Win bets.
Show – Your horse can finish anywhere in the top three to win. This has the smallest payout of the three main bets.
There are plenty of other bets you can place on horse races, all with varying horse racing odds. Here are some of the other bets you can place at PA online racebooks.
Exacta – You pick two horses to finish first and second. They must finish in the order you pick in order to win.
Quinella – You’re picking horses to finish first and second, but they don’t have to finish in the exact order.
Trifecta – Similar to Exacta, but you’re picking the top three horses.
Superfecta – Similar to Exacta, but you’re picking the top four horses.
Across the Board – You’re betting one a horse with equal Win, Place, and Show bets. If they win outright, you win all three bets. If they Place, you win Place and Show bets.
Daily Double – This is similar to a parlay in other sports. You pick two horses in two different races and if they win, you win. There are variations on this bet where you can pick a horse on multiple races. Like a parlay in other sports, if you hit these bets, the payouts are very lucrative.
Which Horse Races Can I Bet on in Pennsylvania?
At Pennsylvania online racebooks, you’ll find plenty of information on how to bet on horse racing and you’ll be able to bet on horse races from around the country, including Triple Crown events like the Kentucky Derby, Preakness Stakes, and the Belmont Stakes. For non-Triple Crown events, races will be listed by location of the race. The majority of events will hold multiple races, with horse racing odds available on each race.
Expect heavy action for races at Penn National Race Course and Meadows Racetrack & Casino since they are local horse tracks. However, you can bet on most any horse race from around the country at PA online racebooks.