Off track betting is a relatively new phenomenon in horse racing, with the popularization of this type of wagering taking off in the United States around the 1970s when New York become the first state other than Nevada to allow this type of action. Canada followed suit more than a decade later, sanctioning off track betting in 1989. This resulted in hundreds of OTB locations spawning across the country.
Horse OTB Locations Betting Sites
Online racebooks facilitate wagering action that horse racing fans may access wherever they have an internet connection. These racebooks supply betting services through websites that utilize the latest in online security, providing peace of mind for their members. Various racebooks compete for your business by offering deposit bonuses, betting promotions and weekly rebates. Compare the benefits of different racebooks in order to figure out which one works best for you.
The greatest convenience of an online racebook is that it keeps up with your busy lifestyle. You no longer have to miss any of the action and can play your favorite racetracks from the comfort of home through a computer or mobile device. These sites are safe, secure and most of all – easy to use. Ontario has around 70 OTB sites and hosts many of the biggest races in the country.
OTB Horse Wagering
Straight bets that you can place through OTB sites include win, place and show wagers in which you choose the winning horse, or the steed that finishes in second or third. The odds listed for each competitor determines the payout if the horse wins. For example, if you choose a mild underdog at 10-1, a two dollar bet would net you $20 if the the horse wins.
Exotic bets were introduced to provide players with a chance to multiply the odds, potentially turning a two dollar bet into hundreds, sometimes thousands of dollars in winnings.
An exactor bet involves the player successfully predicting the first and second place finishers while a trifecta bet involves choosing the top three. When you box the bet, the order of the finish doesn’t matter, as long as they place top two or top three. Superfecta bets involve predicting the top four finishers, which results in a potentially big payday.
Other wagering opportunities depend on the racebook that you place your bet with, such as daily double bonuses for choosing the winner of two consecutive races.