Offshore Horse Racing
By: Richard Bleuze
Offshore Horse Racing
Well, the first think that you need to know about when placing a bet on a horse is the odds. Odds are an approximation of how much a horse will pay to win a race. Often you will notice that as wagering on a race progresses closer to post time, the odds will change. Why is that, you may ask? The main reason is that the monies that are wagered in a race are counted up and put into what are called pools. Thus, your next question that you might ask is what is a pool? A pool is where the total amount of money being wagered on a specific type of bet is held to be distributed to patrons that have correctly selected the outcome of the specific wager they have placed. Offshore racebooks accounts are non-parimutuel. In other words, bets do not affect the track pool, meaning...there are no fees or surcharges when making a wager. Out of these pools certain percentages are subtracted. Why is that you ask? The reasons are many. But, the main reason is that a percentage of all money wagered go to governments, racetracks, owners, jockeys, trainers, etc. The government receives a percentage (for tax purposes) for allowing the track to conduct racing in a certain jurisdiction. The race tracks receive a percentage for promotions, maintaining the track, and paying employees. The owners, jockeys, and trainers receive a percentage purely out of tradition. If there were no money there would be no races. After the percentages are removed the remaining money is paid out. This is where we get our payoffs for winning tickets.
The odds are computed based on the sales on the bet less a government and handling tax. These deductions vary and are usually controlled by a regulatory body.
Offshore horse racingbooks more often than not offer bonuses to attract the horse bettor. Bonuses are a new standard being introduced into horse racing by offshore and online competition. Tracks and simulcast facilities do NOT provide sign-up, re-up, or referral bonuses. However, most all reputable offshore and online facilities do. In addition, many of the offshore horse racingbooks offer rebates based on the amount that you have wagered during the past week.
Most offshore racebooks are than any race book in the state of Nevada. That is why in the U.S., the racing industry is losing big money to offshore wagering.
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About the Author:
Richard provides articles and information on horse racing on his website at http://www.bettingthehorsesonline.com
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Betting horses offshore has many benefits when compared to betting at the track such as:
• Non pari-mutuel wagering, meaning your wagers do not affect the pool
• Bonus on your deposits (restrictions apply)
• No tax forms to fill out
• Since you are betting from home, you automatically save money on parking or entrance fees to the racetrack
• Simultaneous access to dozens of tracks across North America
Horse betting is a skill that can be acquired
The very best place to study horse handicapping and horse betting is right here on this site! We offer over 50 horse racing articles on this site.
1. Some of the best horse racing results can be had during the week when the fields are typically smaller and it takes little time to place some wagers.
2. Learn about the horses as well as the jockeys. In horse racing both are of major importance when it comes to crossing the finish line.
3. When you place your bet, what others say or the hype surrounding a team should not be what sways you. Check into where the team came from, how long they have been racing and even what class they moved up from and when.
4. Research the track. The track itself can change the way a race goes. There are different textures, different temperatures and even different lengths.
5. When it comes to horse racing one of the most valuable tips you can follow is to learn more about the sport. Know the participants and the location. Use this information to put together your best bet for the next race.
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