Can You Legally Bet on Horse Races?
Posted: Aug 30, 2014
Horse racing can be a very exciting event and there are many people who make a good amount of money betting on these races all the time, however it's also true that the majority of people will lose money on these races over time – some will lose with just one big bet, whilst others will lose all of their money gradually over time.
Doing Your Research on Laws and Regulations
The premise of whether you are going to win or lose isn't the topic of discussion here though, what we are going to talk about is if you can legally bet on horse races. The three countries that are really big on horse races are the UK, Ireland, and Australia. Horse racing is very popular in these three countries and the legalities are very open and lenient so you won't have a problem.
However, if you are based in the United States then you will want to do a fair amount of research to see if you can actually bet on horse races in your state. First and foremost, it should be noted that you will generally be able to place a bet on a horse race if you are present at the track, but unless you live close to a track this will take up a lot of your time as you will need to travel. Betting online seems to be a much more sensible option but you will have to check with your local laws and the site that you sign up to if you want to ensure that you are following all the local rules and regulations.
Fortunately there are many sites to choose from if you are looking for an online betting sites that offer a wide range of betting on multiple horse races and accepts players for the majority of states.
The Triple Crown Event
We would also like to touch briefly on the Triple Crown event, which is an event composed of three races all at different tracks and spread out through a 5-week time period, this is one of the most prestigious horse racing events in the United States and if a horse wins all three of these races you can be sure that their value will go up tremendously. You can find more information about this particular horse event here: http://www.legalhorsebetting.net/triple-crown/. Even though the 2014 Triple Crown has already taken place, there is a lot of anticipation for the 2015 event – we'll see what happens in the coming months.