Horse racing is perhaps one of the top sports that comes to mind when people think of high-stakes betting. Well, did you know that you can now legally bet on horse racing in the state of Maryland? Now that online sports betting is a legal activity in MD, bettors want to know the essentials of horse-race betting in Maryland.
Follow along with our review as we consider how to find a good online sportsbook, the best tips and strategies for horse-racing betting in Maryland and more.
Horse racing sportsbooks in MD
Betting on horse-racing has been around for a long time, and the sport was more or less designed for betting to occur. Nowadays, though, bettors can even bet on these races in the world of online betting, and Maryland is no exception.
Follow our tips to help you with horse race betting strategy and choosing the best online sportsbook to make your horse race bets with. You’ll want a site that offers decent benefits, outstanding live features, convenience, and reliability.
Best Maryland sportsbooks for horse-race betting
There are several new sportsbooks available in Maryland. Take a look at the following five best picks and learn about their features.
Maryland horse betting with BetMGM
BetMGM has a very exciting user interface on their website, as well as a compatible mobile app for making bets. Consider the generous bonuses, promotions, as well as live stats and updates on this site.
Fanduel horse racing Sportsbook
Fanduel Sportsbook is one of the top sports betting sites. It offers excellent customer support, a large sign-up bonus with a free bet, multiple promotions, and more.
Barstool Sportsbook – Horse racing
Barstool Sportsbook offers various betting options, such as futures, live bets, promotional bets, and lots of features to present you with the most updated stats and live event coverage.
Pointsbet – MD Horse racing
Pointsbet is a unique sportsbook offering rewards, promotions, and sign-up bonuses to bettors. This site is great for professional sports lovers, as well as people who want to quickly and easily make bets on their mobile phones with the Pointsbet app.
DraftKings horse racing sportsbook – MD
Draftkings Sportsbook is one of the classic betting sites. DK offers incentives in the form of daily rewards and cash prizes, 24/7 customer support, and a big sign-up offer for first-time bettors.
How to find the right Horse racing sportsbook
Signing up for a new horse racing sportsbook in MD takes a little research. Luckily, we’ve compiled some key points to consider when choosing one. Make sure to find out the specific bonuses and rewards a site offers, as well as what their odds look like when it comes to horse-race bets. Additionally, choose a site that values customer experience above all.
Maryland sportsbook horse-race betting odds
Competitive odds are a key factor when choosing a sportsbook. Many prominent sportsbooks offer competitive odds for certain sports. Horse-racing is already a sport designed for betting, as opposed to other sports made for the sake of the game.
Because of horse racing’s long status in the betting world, you need to understand the odds and make sure that the site offers good betting options for this specific sport, with its special Kentucky derby in MD.
Maryland sportsbook rewards and bonuses
In addition to the odds, a sportsbook’s bonus, rewards, and promotional offerings are key selling points. Look out for the sportsbook’s sign-up or welcome bonus, as these tend to be where you get the most “free money” to wager on bets.
Additionally, consider what types of rewards systems, cash prizes, and promotions they offer during different sports seasons. These make a big difference in how well you’ll be able to afford to make bets.
Withdrawal and deposit methods for sportsbooks
Alongside the rewards, you also want a site that makes it easy for you to deposit funds for bets and quickly withdraw your winnings. Fast-paced betting can slow down in a heartbeat if the site doesn’t offer speedy funds methods.
Choose a site that offers many, rather than just a few, funds methods, such as:
- Wire transfers
- Bank transfers
- Credit cards
- Debit cards
Sportsbook trustworthiness and convenience
With the best new betting sites, you usually don’t have to worry about convenience and trustworthiness being a problem since they are the top of the line.
However, it’s always good to look up customer reviews of even the top sportsbook to ensure they are well-liked. Reviews can also give you insight into how convenient the site’s funds system, customer support, and mobile app are.
Types of horse-racing bets online in MD
Betting on horse races has been going on for decades. This arena of sports betting has lots of unique bets that aren’t so commonly seen in other sports that involve human performance. Below, we explore some of the most common types of horse race betting.
Horse-racing across the board bets
Bettors place across-the-board wagers on a specific horse that they predict will win, place, and show. In order to win the bet, your horse doesn’t necessarily have to meet all three criteria since you’re placing three bets in one wager.
However, if your horse does meet all three criteria, your winnings are higher. You can also take winnings if the horse meets one or two of the predicted criteria. This is a type of “straight bet” in the US.
Horse-racing combination wagers
Simply put, a combination wager is where the bettor bets on at least two horses.
Horse-racing daily double wagers
In horse racing, a daily double wager is when the bettor places a wager on two different races and must correctly predict the winner of each.
Horse-racing exotic wagers
Some of the exotic wagers in the US include:
- Daily Double
- Pick 3
- Pick 4
- Pick 6
We previously mentioned the Daily Double wager and how it works. The Exacta wager is a higher-stakes wager where the bettor must predict which two horses finish first, predicted in the correct order. Pick 3, Pick 4, and Pick 6 are variations of the Daily Double wager.
Prop bets in horse-racing
Most sports allow prop bets in online betting, but in horse racing, this one is not so common. Prop bets are unique bets where you aren’t placing a wager on anything directly related to the race outcome.
Horse race betting strategy and tips for Maryland
The following strategies and tips should help you know where to start when it comes to good horse race betting.
1. Pay attention to horses’ pace trends and history
A horse’s pace is important for bettors to pay attention to because it’s well known that a horse with a good pace is likely to finish well.
By paying attention to the history of certain horses and their racing patterns, you can get an idea of which horses are likely to pace themselves, tire out early, or pull in a winning finish.
2. Place your wager on the “favorite” horse
This strategy has to do with odds. A “favorite” horse is one that has the lowest odds or the least amount of money wagered on it. By placing a wager on a favorite every time, you have about a third of a chance of winning. This is a good chance to win even if you don’t win very much.
3. Pay attention to breeding
There are a couple of reasons to pay attention to breeding, but remember that it doesn’t guarantee a correct prediction every time. Knowing a horse’s breeding history keys you to whether their breed carries traits for speed, stamina, or other valuable traits.
Again, it’s not a guaranteed strategy, but it is a thoughtful way to go about betting and could improve your chances of being right.
4. Pay attention to horses’ weight
There are a couple of reasons that this is an important factor. Heavier weight could indicate that a horse has more to lug around, which could mean slower results. On the other hand, the heavier weight could also be an indication of more muscle, meaning possibly faster speeds. This knowledge may aid you in your horse choice.
FAQs about horse-racing Betting in Maryland
How old do I have to be to bet on horse racing online?
Online sports betting is legal in Maryland, but you have to be at least 18 years old to do so.
Why should I place wagers on horse races?
Horse racing is an exhilarating sport to watch, with fast-paced results and high stakes. The best bettors can win a lot in this type of betting.
How do I sign up for a betting site?
Each of the sites mentioned in this article has a simple sign-up process. Visit the sportsbook’s homepage, click “sign up now” or “join now,” provide a few personal details, add an initial deposit, and begin placing wagers.
What types of bets should beginners try?
Some of the best bets for beginners are “straight bets,” including show, place, win, and across the board.
What is “pace,” and how does it work?
In horse racing, the pace is essentially the speed of a race overall. The three periods of pace are early, middle, and late, and each of the periods of the race can be slow, normal, or fast-paced.