Home » Posts tagged 'Horse Betting'
Tag Archives: Horse Betting
Horse Racing Betting Regulations
If you’ve never gambled on horses before, online horse betting may not be the best way to learn how. Betting online is only permitted through pari-mutuel pool systems in a handful of states, giving horse race betting even more limited boundaries. Currently, there are only 30 states allowing online gambling, including New York, where online gambling has had a temporary cease by order from a judge. In the last few years, more individual states are legalizing online horse betting. As the trend toward legalized online gambling continues, more states will join the list.
The problem with some online horse betting sites, or even some web sites for regular betting on horses, is that they advertise themselves as providing ‘lawful’ and ‘safe’ wagers. These are tough words for many people to understand, especially those in positions of authority who are trying to help spread the word about these types of enterprises. In the end, however, many of the ‘laws’ that they tout have no place in the real world, and this is a very sad state of affairs. This is why I feel obligated to make a point of highlighting some of the dangers involved in unlawful internet gambling.
It seems to me, the biggest problem lies in the ‘fine print.’ The problem with the online horse betting is that many gamblers, and especially the ones offering horse race wagers, simply don’t understand what is contained in the language of the gambling app. For instance, let’s say that the online horse betting app had this ‘red envelope’ feature that says if you’re ever questioned about whether you’re making a bet with this system, this red envelope will appear. The problem is, the words ‘red envelope’ don’t mean what they sound like. If someone ever says that they’ve seen the red envelope, they’re lying.
Another problem lies in the greyhound racing online software, which is designed to give the gambler an ‘expert’ opinion on which bets to make. Unfortunately, the ‘expert’ opinions often don’t matter, because they’re designed to be misleading. For example, let’s say that you’re interested in making some money at the greyhound races. If you were to open your cash rewards account and look at the top-performing dogs, you might be tempted to keep them by transferring funds into your account that you know they will win, but that is rarely inadvisable.
Why? Because if the odds of winning change during the course of the race, the transfer funds will often incur a penalty. For example, if the odds change from 10 dogs to eight dogs, the maximum amount of cash that you can transfer is $500, but if you try and change it to ten dogs, you’ll be hit with a fee of $200. Therefore, it is better to stick to betting on one or two dogs at most. This way, you will always be guaranteed a profit, without the danger of incurring penalties.
Mobile Betting: Technology is moving ever closer to allowing bettors to place bets on their mobile devices from anywhere. The most popular mobile gambling platforms are downloaded onto the phones that are used for betting, so that any phone that is capable of connecting to the internet can log into its new website and place a bet. In addition, many of the leading race tracks are now offering mobile betting via their own websites, so now it’s possible to place your bets straight from the track’s own site.
Legal Issues: Perhaps the most significant legal issue facing sports betting online involves the use of pari-mutual pools. These types of pools are established online and, while they may not be completely illegal, they certainly aren’t widely accepted either. As a result, many leading online betting sites have changed the way that they conduct their sports betting activities, in an effort to avoid having to deal with possible legal issues. For example, many major online bookmakers now only offer betting on one horse per day, instead of placing a bet on all of the horses in a particular race. This is done in an effort to limit the liability that a publisher might have if a customer was to bet on multiple horses within a short period of time. Of course, while this method doesn’t seem like it would cause too much controversy, there have certainly been some issues raised over the years about why an individual should share personal information with a company that is legally bound not to release that information.
Online Betting Regulations: While there may be very few problems with online gambling, it’s important to understand that there are also certain legal issues that could come up while betting on racing. It’s important to remember that the Internet isn’t a place where you can get away with criminal activity. Even when someone is participating in online gambling, they are still subject to the same laws as they would face if they were gambling at an actual establishment. Therefore, before you start betting, you should always consult a licensed and trusted broker or dealer to make sure that you’re betting in the right place and with the right person. In addition, you should keep in mind that the laws governing racing are different from the laws that govern online gambling, so always remember that if you ever need any help with online gambling laws or with a local town hall, your best bet is to simply find a local attorney who can give you some good advice on your betting activities.