Horse Racing Betting In New York

Not many realize that New York has a longstanding history with horse racing in America. In 1665, the first horse race in the U.S. was run in Hempstead Plains which near current day Garden City. Since then, New York has become home to the historic Belmont Stakes, which is the oldest and lengthiest of the Triple Crown racing events. It has been a long journey since the first run in 1867, but horse racing betting in New York is now a major part of the state’s culture. There are now several Thoroughbred and harness racetracks, off-track betting locations, and various racinos to support New York’s thriving horse betting community.

Navigating N.Y.’s horse betting scene can be overwhelming when you consider there are dozens of land-based and online options. Our guide to New York horse racing betting will help you find live racetracks and the best online horse betting sites. By the time you are done reading, you will know how to wager on the Belmont Stakes and other horse racing events!

Is it Legal To Bet On Horse Racing in New York?

There may be restrictive laws when it comes to sports betting in NY, but there are no such laws when it comes to horse racing betting in the state. Horse betting was in fact, the first form of gambling to be legalized in the Empire State. Residents have been able to legally bet on the horses for some time now, and this is in part to pari-mutuel wagering laws. NY and the majority of other U.S. states permit and promote this type of betting, so much that there was a federal law enacted to help further horse betting. The Interstate Horse Racing Act of 1978 authorized states with legal pari-mutuel betting operations to both accept and place wagers with participating states. It is completely legal to spend the day watching the races and bet on horses in New York.

Betting On The Belmont Stakes

The Belmont Stakes is the final jewel of the Triple Crown and is the most highly-anticipated leg of the journey. It is the oldest of all three Triple Crown events and brings hundreds of thousands of spectators to Belmont Park each June. The 1 ½ mile horse race is the longest of the series and requires intense endurance and stamina. The fastest win at the Belmont Stakes was by Secretariat, who set a record time of 2:24 and became the 12th winner of the Triple Crown. The race is the pinnacle of the three-part journey, and that is why Triple Crown betting odds go hand in hand with Belmont Stakes betting odds. You can bet on each leg of the event to net a potentially enormous payoff.

If you attend the race at Belmont Park, you can of course visit a clerk to make a wager. Off-track betting locations are also available, and most commonly have kiosks for horse betting tickets. While these are great options, most horseplayers prefer to use a horse racing betting site. Online horse betting allows you to place multiple bets and keep your tickets in one secure virtual location. You will also get extra horse betting value with special rebates and the best odds. With an online horse betting site, Belmont betting is so much more than just handing your money over. You get track information, horse picks, and even handicapping tips on your favorite horses.

How To Bet On The Horses

Before you can bet on the Belmont Stakes, you have to understand the types of wagers that you can make. Horse betting wagers are simple to make once you have the basic concepts down. There are straight bets, which include win/place/show wagers. The win bet would yield the highest payout of the three.

Exotic wagers are more complex, but also have much higher payoffs than straight bets. You can include several different horses in exotic bets, or even different horses in different races. While there are horizontal wagers that happen in a single race and vertical wagers that include multiple races, we will cover exotic horizontal wagers. You have the option to “box” any of the bets mentioned below, which means that instead of having to bet the exact place a horse will finish, your horses can finish in any order.

Where Can I Bet On Horse Racing In N.Y.?

New York is home to several different racetracks, among them some of the popular racetracks in the nation. The state has a somewhat unique structure where the three main Thoroughbred racetracks (Aqueduct Racetrack, Belmont Park, and Saratoga Race Course) are run through the New York Racing Association. Belmont Park in Elmont is the most notable racetrack, as it is home to the famed Belmont Stakes. Saratoga Race Course in Saratoga Springs happens to be third-oldest racetrack in the US, and hosts the Travers Stakes each year. There are a number of casino-racetracks, such as Aqueduct Racetrack in Queens, which bring together the best of both worlds with horse racing betting and casino games. The Empire State has an impressive selection of racetracks throughout the state, and other than the top three that we already listed, here are some of the other racetracks that you can visit for the best horse betting action.

OTB Locations in New York

On the days that you cannot make it out to the track, New York has you covered when it comes to off-track betting locations. Just as with the Thoroughbred racetracks in the state, NY OTB locations are run by five different corporations who oversee operations. All of the facilities are spread out over the state, but they all offer music, food, and oftentimes full bars. There will typically be self-service kiosks where horse bettors can wager on live races happening at major tracks. Being that there are 100+ off-track betting locations in New York, we will list some of the most popular locations for the best OTB horse betting experience.

Online Horse Racing Betting Sites

Online horse racing betting sites allow bettors to bet on the horses without any type of limits. You are not limited to where you bet, as your virtual racebook goes wherever you do. You are not restricted in how you can wager, as horse betting sites accept both straight and exotic bets like trifectas, quinellas, and even Pick 6’s. Using an online racebook to bet on the Belmont Stakes and other races gives you an exciting experience like no other. You can watch the race live without having to leave your home, and you can also receive horse racing tips and picks before the race even begins. There are also great bonuses and rebates that are exclusively offered to online horse bettors. It does not matter if you win or lose, online racebooks will give you a percentage of your bet back. New Yorkers have options when it comes to choosing the best online horse racing betting site, and we can point you in the right direction. SportsBetting.ag and 5Dimes have the wagering, banking, and bonus options that New York horse bettors need!

SportsBetting - Fastest Deposits + Withdrawals

SportsBetting RacebookSportsBetting.ag lets you get in on the year-round horse betting action from the nation’s best racetracks. Belmont Stakes betting is always the main priority of any NY horse bettor, you can also bet on the Kentucky Derby, and the Preakness Stakes at 5Dimes. In fact, you can bet on who will become next the Triple Crown winner and watch history be made for the 13th time since 1919. You can win by betting win, place, show bets, or by going the exotic route and betting exactas, trifectas, superfectas, and daily doubles. If you are new to betting, SportsBetting has helpful guides that will teach you how to bet on the horses and handicap horse races.

Once you start betting and winning big, you will want to request your first payout. SportsBetting.ag has more withdrawal methods than most racebooks, and there are even same-day payout options. Bitcoin is the best payout method for horse betting. You can withdraw as little as $20 or as much as $5000. No matter the amount, the funds are credited to your Bitcoin wallet in less than 48 hours. Unlike other costly methods, there are no payout fees for withdrawing with BTC. If you are a high roller withdrawing large sums of money, bank wires are the best method. You can withdraw anywhere from $500 to $24,900, the highest maximum in the racebook. Bank Wires do have an additional fee that must be verified with the cashier. The funds are typically delivered in less than a week from the initial request date. All of the 10+ payout methods at SportsBetting.ag are fast and reliable. When you are ready to start betting on horses online, head over to SportsBetting.ag and join their online racebook!

5Dimes - Two Racebook Options + 10% Rebates On Win Bets

5Dimes RacebookNew York residents can get in on the best horse betting action by using the racebooks at 5Dimes. 5Dimes is the only horse racing betting site with two racebook options for horse bettors to choose from. The Rebate Racebook gives rebates of up to 9% on all wagers, whether you win or lose. Straight wagers range from 2% to 5% while exotics range from 4% to 9%. There is no minimum volume requirement or limit on how much you can earn via rebates. The second option is the Plus 10% Racebook where you can bet at major tracks around the world and receive an additional 10% on winning Win, and exotic tickets. If not betting at featured racetracks, you can still receive an extra 10% on winning Win bets. One of the main tracks is Belmont Park, so you will always earn extra cash when wagering on Belmont Stakes betting odds.

5Dimes features top racetracks from all over the U.S. You can wager on horse races taking place at Aqueduct, Santa Anita, Churchill Downs, and more. 5Dimes accepts win, place, show bets, and also exotic wagers like trifectas and superfectas. You also have the option to box wagers to include multiple combinations. The racebook will also take action on Pick 3’s all the way up to Pick 6’s. When betting on the Triple Crown or Breeder’s Cup the maximum profit per race is $100,000, which is higher than many other online racebooks. You can also bet on the Kentucky Derby, Preakness, and Belmont Stakes with excellent horse betting odds. 5Dimes is one of the best online racebooks for NY residents, and you can join the site for free now!