Betting on Horses Online

Betting on Horses Online

Reviewed by , 
Fact checked by
Updated on: Sep 22, 2025 12:00 AM

Horse racing is a worldwide sport with deep traditions across North America, Europe, Asia, and Australia. It blends speed, strategy, and spectacle, drawing crowds not only for the thrill of competition but also for the betting opportunities it creates. Wagering has become inseparable from the sport’s identity — from casual fans placing small bets to seasoned handicappers studying form guides for hours. The challenge lies in predicting which horse, or combination of horses, will cross the finish line first, turning every race into both an athletic contest and a test of insight, nerve, and timing.

The odds for the 2025 Breeders Cup are available. We have analysed the odds from the top-tier providers available online, many of which also offer horse racing betting apps.

Breeders Cup Winners Odds 2025 Bovada BetOnline Xbet
Sovereignty +350 +350 +350
Journalism +700 +700 +700
Fierceness +800 +800 +800
Forever Young +1000 +1000 +1000
Sierra Leone +1000 +1000 +1000
Nysos +1300 +1300 +1300
Baeza +1300 +1300 +1300
White Abarrio +1400 +1400 +1400

Last updated on: October 6, 2025

Horse Racing History

Modern horse racing took root in the United Kingdom during the 1600s, earning the enduring nickname “the Sport of Kings.” That title remains in use today, reflecting the sport’s long association with prestige and tradition. England’s most famous race, the Epsom Derby, was first run in 1780 and continues to stand as a centerpiece of the global racing calendar.

That prestige of that race has been mimicked with the creation of races like the Kentucky Derby, which began in 1875. Aristides was the first Kentucky Derby winner, which has been run every year since then.

The Kentucky Derby is the first leg of the American Triple Crown, comprised of the Derby, the Preakness Stakes in Maryland, and the Belmont Stakes in New York. These races have a long history, with only 13 horses ever sweeping all three: Sir Barton, Gallant Fox, Omaha, War Admiral, Whirlaway, Count Fleet, Assault, Citation, Secretariat, Seattle Slew, Affirmed, American Pharoah, and Justify. There was a 25-year wait between Citation in 1948 and Secretariat in 1973, and then an even longer 37-year drought between Affirmed and American Pharoah in 2015. Justify came just three years later in 2018.

horse racing betting usa

The Breeders’ Cup was established in 1984 and first run at Hollywood Park. Its signature event, the Breeders’ Cup Classic, later became known as the “fourth jewel” of racing — completing what many call the sport’s unofficial Grand Slam when paired with the Triple Crown. To date, only American Pharoah has achieved that feat, winning all three classics and the Classic in 2015. Today, the Breeders’ Cup features 14 championship races, headlined by the Classic and including the Turf, Distaff, Mile, Sprint, Filly & Mare Turf, Dirt Mile, Turf Sprint, Filly & Mare Sprint, Juvenile, Juvenile Fillies, Juvenile Turf, Juvenile Fillies Turf, and Juvenile Turf Sprint.

Around the world, several prestigious race series and marquee events define the highest level of Thoroughbred competition:

  • English Triple Crown: Comprised of the 2000 Guineas in May, the Epsom Derby in June, and the St. Leger Stakes in September. Nijinsky was the last horse to complete the sweep in 1970, with Camelot’s near-miss in 2012 one of the few modern attempts.
  • Prix de l’Arc de Triomphe (France): Held at Longchamp since 1920, it is considered Europe’s premier race. Past champions include Dancing Brave, Sea the Stars, Treve, and Enable, as well as more recent winners Sottsass (2020), Torquator Tasso (2021), Alpinista (2022), Ace Impact (2023), and Bluestocking (2024).
  • Japanese Triple Crown: Consists of the Satsuki Sho (Japanese 2000 Guineas), Tokyo Yushun (Japanese Derby), and Kikuka Sho (Japanese St. Leger). Contrail was the most recent champion in 2020, following earlier winners Orfevre (2011), Deep Impact (2005), and Narita Brian (1994).
  • Canadian Triple Crown: Made up of the King’s Plate at Woodbine, the Prince of Wales Stakes at Fort Erie, and the Breeders’ Stakes back at Woodbine. Unique among Triple Crowns, it tests horses across three different surfaces: synthetic, dirt, and turf.

Horse Racing Wagering

There are numerous combinations of wagers available to bettors. The main ones are outlined below:

  • Win, Place, Show: A win bet means your horse must finish first, a place bet means first or second, and a show bet means finishing in the top three. Betting across the board means covering all three at once.
  • Exacta, Trifecta, Superfecta: Exotic wagers requiring you to predict the top two, three, or four finishers in exact order. A box lets them finish in any order, though costs increase as you add more horses.
  • Daily Double: A wager on the winners of two consecutive races. Straightforward but potentially lucrative.
  • Pick 3, Pick 4, Pick 5, Pick 6: Multi-race bets that involve selecting winners of several races in a row. They’re difficult to hit but can pay out huge, with consolation prizes sometimes available for near misses (e.g., five of six in a Pick 6).
  • Singling a Horse: In a multi-race bet, choosing only one horse in a particular race. This increases risk on that horse but allows you to spread wagers more widely in other legs.

Sometimes there are special event wagers, such as when Churchill Downs offers the Kentucky Oaks/Kentucky Derby double over a Friday and a Saturday. Belmont Park in New York and Woodbine have been known to have doubles with one race at each track, as has Northern and Southern California such as Golden Gate Fields and Santa Anita Park at the same time.

Coupled entries are when there are two horses racing for the same owner, which means the bettor gets both horses for the price of one. They will be listed as 1 and 1A, or 2 and 2B. 

Keying a horse means to pick it on top while placing multiple other horses underneath it. For example, an Exacta Key means picking one horse to win, and several others underneath it to finish second.

Picking the right horse can be tough job. It really requires you to do some research. Even machine learning in horse betting has run into problems. Using machine learning in sports gambling goes against rules and regulations in many horse racing sites, as some hacksters have found out.

horse racing bets

Horse Racing Racetracks

There are hundreds of horse racing tracks worldwide, featuring a wide range of surfaces — from dirt, turf, and synthetic to specialized courses for steeplechase and harness racing. Races also vary by breed, with Thoroughbreds, Quarter Horses, and Standardbreds all showcased on the global stage.

The most famous racetracks in North America are known for their history, iconic races, and unforgettable champions:

  • Churchill Downs: Home of the Kentucky Derby, the first leg of the Triple Crown, it’s famous for its Twin Spires, Derby Museum, and massive Derby crowds that often exceed 150,000 in Louisville, Kentucky.
  • Saratoga: Opened in 1863, this historic summer track hosts daily stakes races and the Travers Stakes each August, won by greats like Arrogate, Street Sense, and Easy Goer.
  • Belmont Park: Nicknamed “Big Sandy,” it hosts the Belmont Stakes on its 1½-mile oval and has staged multiple Breeders’ Cups, with history ranging from Secretariat’s Triple Crown triumph to near misses by Silver Charm and Real Quiet.
  • Keeneland: Located in Lexington, Kentucky, this scenic track is surrounded by trees and manicured grounds. It also serves as a hub for major Thoroughbred sales and is home to the Blue Grass Stakes, a key Kentucky Derby prep. Keeneland first hosted the Breeders’ Cup in 2015 and has returned as a regular venue since.
  • Santa Anita Park: Opened in 1934 in California, it rose to prominence with horses like Seabiscuit. Its signature races include the Santa Anita Handicap and Santa Anita Derby. Santa Anita has staged the Breeders’ Cup multiple times, highlighted by Zenyatta’s legendary 2009 Classic victory.
  • Other North American Tracks: Del Mar in San Diego, Pimlico in Baltimore (home of the Preakness Stakes), and Gulfstream Park in Florida are all staples of the U.S. racing circuit.
  • Woodbine Racetrack: Canada’s largest track, home to the King’s Plate (formerly Queen’s Plate), features races across turf, dirt, and synthetic surfaces. Legendary horses like Northern Dancer and Secretariat made history here, and the Breeders’ Cup was held at Woodbine in 1996.

horse racing gambling

Internationally, a handful of racetracks stand out as icons of the sport. In England, Ascot and Epsom are steeped in tradition, with the latter hosting the historic Epsom Derby. France’s Longchamp is home to the prestigious Prix de l’Arc de Triomphe, widely regarded as Europe’s premier race. In Australia, Randwick and Flemington headline a vibrant racing culture, highlighted by events such as the Melbourne Cup.

horse racing

Horse Racing Betting FAQs

Meet the author

OnlineSportsBetting

The team at OnlineSportsBetting is made up of professionals from a number of fields, including journalism, math, sports, and more. What really brings them together is a passion for the sports betting landscape and its ever-changing strategies.

Online Sports Betting may receive compensation if you sign up through our links. Rest assured, we avoid biases and provide honest opinions on sportsbooks. Read our affiliate disclosure here.