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Complete Guide to Horse Racing Betting in the US

Published: July 25, 2024

Horse racing betting has been part of the American gambling landscape since 1908 and remains legal online in most US states. Despite its rich heritage, many newcomers are still exploring this thrilling sport. Whether you’re a casual viewer or a serious bettor, this guide by Fast Furlong covers everything you need to start placing bets on the ponies.

From the top US horse races and betting categories to legal states and racetracks, here’s everything you need to know.

Top Horse Races to Bet on in the US

Horse racing in America dates back to the 1600s. With tracks hosting events nearly every day, the US racing calendar is packed with action. While many races are held weekly, some major events draw national attention.

Kentucky Derby

Held each May at Churchill Downs, this iconic race is the crown jewel of US horse racing and the first leg of the Triple Crown. Since 1875, it’s run every year—even through world wars and pandemics.

Preakness Stakes

Taking place at Pimlico in Baltimore, the Preakness is the second leg of the Triple Crown. Secretariat’s 1973 record-setting performance remains legendary.

Belmont Stakes

Known as the “Test of Champions,” Belmont Park in New York hosts this final Triple Crown race. The winner is draped in a blanket of white carnations.

Breeders’ Cup

A two-day championship event featuring top talent and big purses, the Breeders’ Cup rotates between US tracks. Its Classic race is especially prestigious.

Pegasus World Cup

A newer addition launched in 2017, this high-stakes Grade I race at Gulfstream Park often boasts one of the largest prize pools in the sport.

Main Categories of Horse Races

Understanding race types helps sharpen your betting strategy. Here’s a breakdown of the most common formats:

  • Flat Racing: The most widespread in the US. Horses run on a level track—no jumps involved.

  • Jump Racing: Less common in the US, this race type features fences and hurdles. Globally known for events like the Grand National.

  • Harness Racing: Standardbred horses pull a two-wheeled cart (sulky). Races are either trot or pace format.

  • Endurance Racing: Long-distance races spanning 10 to 100 miles in a day. The Tevis Cup is a standout event.

  • Arabian Racing: Showcasing Arabian horses—the original racing breed—in flat races.

  • Quarter Horse Racing: Short, explosive sprints usually over a quarter mile, with specific breeds excelling in these events.

Major US Racetracks to Know

From coast to coast, the US is home to some of the most historic and prestigious racetracks in the world:

  • Churchill Downs

  • Keeneland Racecourse

  • Saratoga Race Course

  • Belmont Park

  • Delta Downs

  • Del Mar Thoroughbred Club

  • Oaklawn Racing Casino Resort

  • Santa Anita Park

  • Pimlico Race Course

Is Horse Racing Betting Legal in the US?

Yes—but it depends on where you live. Pari-mutuel betting is legal in 43 US jurisdictions. In 2000, laws were updated to allow legal online betting platforms. As of now, 42 states offer legal online horse race betting.

Where It’s Not Legal:

Alaska, Georgia, Hawaii, Mississippi, Nevada, South Carolina, Utah, and Washington D.C.

FAQs – Horse Racing Betting

Q: Is horse race betting legal in the US?
A: Yes, it’s legal in 43 states. Online betting is allowed in 42 of them.

Q: How do I place bets online?
A: Sign up with a licensed racebook, provide your personal info, fund your account, and start betting.

Q: What are the best platforms for betting online?
A: Fast Furlong reviews the top legal racebooks so you can find the best options with trusted bonuses and fast payouts.