during kentucky derbyAmericans across the country enjoy staying at home with their friends and family to bet online on their favorite horses to win races.
Online gambling is heavily regulated in the United States, but horse race betting has legal loopholes, allowing nearly 40 states to legalize it.
Read below to learn how to place your first online horse race bet from the comfort of your home just in time for the Kentucky Derby.
Historic and Memorable Kentucky Derby Races from 1875 and Beyond
How do you bet on the Kentucky Derby from home?
Across the United States, many states allow citizens to place online bets, also known as advance deposit bets. This means you can easily bet from the comfort of your home and watch the Kentucky Derby results live without having to attend. Various sites offer listings for betting on specific horses or jockeys in the Derby, including BetOnline, Bovada, Twinspire and Bettas.
There are many sports gambling websites that you can use to bet on the Kentucky Derby from the comfort of your home. (AP Photo/Mark Humphrey)
After signing up and depositing your money in one of these sites, you can start placing your first bets. The first step is to select the bet you want to place, which can include some form of parle bet. Parle betting allows individuals combine multiple horse races in a condition. However, for derbies, you can always only place one bet per race at a time.
After placing your bet, you will confirm the amount you wish to bet and will be given a slip. Most sites allow you to track listings or timelines of various races. You can study the odds for each horse to win the race and other statistics to help inform your decision. Besides, you can always place more bets before the time limit. Some Online Betting Sites, For example, Twinspire offers first time players a signup bonus for special events such as the Derby.
Kentucky Derby: History of the Race and Long-Standing Traditions
What to do before betting on a horse?
before you start putting money on someone bet on the kentucky derby, Please consider taking some steps to ensure that you are making a good financial decision and having fun in the process. Start by studying the horse or jockey you’re betting on before putting down money. Read about past race results, backstory and the odds for who is favored to win a particular race.
If you are new to the world of gambling or horse betting, start by betting on your favorite horses to win. Although you will not get a bigger payout than betting on the underdog, it is safer. If you are betting on a total of 12 horse races, you should bet on the favorite for all of them to be more likely to win four or five.
Remember to time your bets before the start of the race to avoid losing out on potential winnings. (AP Photo/Charlie Riddell)
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Finally, always place your bet before the start of the race and bet responsibly. Horse race betting should be a fun activity that you can do with your friends and family at the start of the derby, not something that will potentially hurt you financially.
Where can you bet on horse racing online in the US?
is online horse racing betting legal In dozens of states across the country, including Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska , New Hampshire, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.
The Kentucky Derby is one of the biggest horse racing events of the year in the United States. (AP Photo/Jeff Roberson, File)
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This form of gambling is legal in many states as the Unlawful Internet Gambling Enforcement Act allows state governments to decide what to do or not. legalize online betting for horse racing.