BetOnline Horse Betting Site Review
Horseracing has been a staple in the sporting world throughout the ages. From limb-threatening chariot races to Thoroughbreds showing off to British royalty, horseracing has charmed and entertained all across the world. Fans of the sport will be happy to know that BetOnline is home to the best racebook on the net. Millions of U.S. players are joining legal online racebooks like BetOnline every day, and the sport has never been more popular. Saddle up, and prepare to enter a completely new world of racing action.
This page will go in-depth about everything on offer at BetOnline, and reveal to you why it is one of the leading online racebooks in the world. We will also dispel any rumors you may have heard about the legality of online gambling in the US. If you have been itching to check out the world of online racebooks but find yourself too intimidated by the learning curve or the legality of such sites, you will be pleasantly surprised by the end of this article. There are many safe and secure options out there for
The federal laws that surround online gambling can be tough to navigate. Misinformed people, scaring potential moneymakers away from legitimate horseracing experiences, have spread some rumors about the legality of online gambling. We are here to dispel these rumors, and set the record straight. The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 caused a tremor throughout the US gambling arena by banning online wagering sites from functioning in most of America. This only means that players won't usually find an online race book near their house. BetOnline, and many sites like it, have been functioning legally outside of the US for decades, and these sites are legal to use.
Horseracing is exempt from the UIGEA's definition of illegal gambling because it falls under the title of “pari-mutuel” betting. Pari-mutuel betting does away with the house take (or the Vigorish, or vig), and the betting pool is split among the winners. Pari-mutuel betting is legal in most of the US, which means that there are some online horse racing sites functioning on our shores. These sites are not nearly as up-to-date or expansive as sites that function overseas. The US sites usually only offer betting on the racetracks that are located in the state they reside in. BetOnline is one of the leading gambling sites in the world, and you will find lines on all the leading tracks in the nation, as well as expert handicaps and numerous wager types.
The federal government has left it up to the states themselves to decide whether pari-mutuel betting is lawful. This shouldn't have any effect on a player using BetOnline, as it legally functions out of the Republic of Panama, where pari-mutuel betting is legal. The only thing to keep in mind is age. BetOnline requires you to be 18 to join, but some states require you to be 21 or over to gamble. If you are in a state that requires you to be 21, do not join BetOnline, or any other betting site, until you are of age. Always check your state laws before signing up with an online racebook, as the repercussions for underage gambling can be harsh. The best advice is, always go with the higher number when joining a site.
BetOnline has been functioning out of sunny Panama City, Panama, for almost two decades. This is one of the most renowned racebooks out there. Gaining accolades from the likes of ESPN and CNBC, BetOnline has a reputation of outstanding business practices. They use the most up-to-date security software and cutting-edge SSL protocols to ensure members information resides in a virtual Fort Knox. Doing business with BetOnline is as safe as doing so with sites like Amazon or PayPal. Read the many reviews or player testimonials scattered around the web to see why so many hold BetOnline high regard. They put safety first, and their record of accomplishment reflects that. This has been the top rated online racebook for over a decade, and is only gaining more prestige. You will be in great hands at BetOnline.
Signing up at BetOnline
Creating an account at BetOnline is quick and easy. Click on the “Click to Join” button on the front page and a digital application form will pop up. All you need to do submit some simple contact information, create a password, and supply an email, and you're set to go. They will immediately send you an email confirmation, and once you click on that you will be a full-fledged BetOnline member. Once you have joined you should head over to the racebook to explore what kind of options await you. You can check out all the races, wager types, and bonuses to get your mouth watering for some real money action. Once you have explored what the site has to offer, it will be time to make your first deposit.
Once you have explored what BetOnline has to offer, you will be itching to get in to some real money betting action. Making a deposit is your first step towards riches. Moreover, even if you don't always win, betting is about the fun of the race, not just the reward. BetOnline boasts the most deposit options in the business, from simple credit/debit card transactions, to newer methods such as bitcoin, ethereum, Litecoin, and eWallets. Here are the most popular deposit options at BetOnline:
Using a credit/debit card is the fastest, most widely used deposit method. BetOnline now accepts Visa, American Express, and MasterCard. Just navigate to the online cashier to enter your card information, as well as the deposit amount, and your and they will process your deposit within minutes.
You may use gift cards to make deposits at BetOnline. Just purchase your gift card at a local retail outlet, or a bankcard from you bank, and the rest works the same as a credit/debit card deposit. Make sure that the card says that it can be used for international purchases. Just head to online cashier and enter the card information along with the deposit amount, and your account will be credit shortly. These tend to work 100% of the time, and are a great alternative to credit/debit deposits.
Money Orders are a popular method for making larger deposits. Purchase a money order from your local post office, bank, or convenience store, and you can send it straight to BetOnline. They will cover the express shipping speeds for deposits over $300, and credit your account as soon as the money order arrives. The minimum is $300 and the maximum is $9,000, making this a great method for large deposits.
Bitcoin is a relatively new deposit method, and is a great option for those that have bitcoin accounts. At BetOnline, you can transfer funds directly from Bitcoin to the online cashier, and they will fund your account within minutes. The minimum for bitcoin is $20, and the maximum is $25,000, making this a great method for all size deposits. All other cryptocurrencies share the same banking limits, and there are no deposit fees.
There are a few more methods such as Bank Wire Transfer, Check, and prepaid cards. All of these come with different minimums and maximums, as well as delivery times. Check out the online cashier to read about all the deposit methods and choose which is right for you. The ones listed above tend to be the most popular forms of deposit.
There are small fees associated with some deposit methods that directly correlate to the speed of delivery, and the amount deposited. BetOnline does their utmost to keep deposit fees as small as possible. A credit card deposit will never charge over 5%, while money order fees can be from $40 to $80, depending on the deposit amount. Bitcoin does not carry any fees, but exchange rates may apply. Whichever method you use, it is sure that BetOnline will have the lowest fees in the business.
After making a deposit you will be ready to start betting on the races. Click on the BetOnline Racebook and you will see a list of open races going on right now. If you are well versed in the ways of horseracing, you can start betting right away. If you are new or need to brush up, click on Racebook Info to access the encyclopedic information section. Here you will find track limits, payoff odds, racebook rules, wager types, FAQ's, tips, and terms.
The Wager Types section holds the most pertinent information when it comes to betting. There are two wager types, Straight wagers and Exotic wagers. The most straightforward wager types are straight wagers, which involve solely with betting, who will come in first, second, or third. Placing a “win” bet means you will be betting on which horse will finish first. A “place” bet is for which horse will finish first OR second. Moreover, a “show” bet is for which horse will come in first, second, or third. A Show bet is the most conservative straight wager, and a Win is the longest shot.
Exotic wagers are more complicated, but can potentially be much more profitable than straight wagers. Exotic wagers consist of Exactas, Quinellas, Trifectas, and other colorful-sounding bet types. These involve picking multiple horses to finish in an exact order. The “Wager Types” page on BetOnline explains all of the betting methods in full detail. We suggest making a few straight wagers and getting comfortable with the racebook before jumping into exotic wagers. Before long, you will be picking your favorites for a Superfecta, or juggling multiple races with a Daily Double. Horseracing sounds more complicated than it is, and after a few bets, with the assistance of BetOnline's help section, you will be a betting pro.
Using a legal online racebook has many pluses, chief among them being the astounding bonuses that you won't find at land-based tracks. BetOnline is offering up to 7% Track Rebates daily for race fans. Internet bets will receive 7%, and phone bets will earn 4% of the bet volume. There is no limit to how much a player can earn, and no minimum amount of bets needed to meet the criteria. This is just one amazing bonus that will add up the more you wager.
There is also a $25 risk-free bet bonus on your first horseracing wager. If your first wager doesn't win, BetOnline will reimburse you $25 in free play money. This is major incentive to get on the racebook and start learning by playing, you have nothing to lose!
There are bonuses littered all over BetOnline. Just visit the promotions page to read about all the profitable opportunities available for members. There are Welcome Bonuses that will pad your bankroll, giving you many opportunities to explore all the site has to offer without putting a dent in your initial deposit. There are live-betting free plays, Lifetime Bonuses, Mobile Betting Perks, and many more. You will never be stuck without a way to make more money off a bet. There are many reasons members keep coming back to BetOnline, and the bonuses are high among them.
BetOnline RacebookAfter making a few bets and (hopefully) winning some money, you will be ready to request a payout. BetOnline makes collecting winnings easy and fast. They offer more payout options than any other site, and each can be trusted to get you your money safely. Because of the laws limiting the electronic transfer of funds overseas, you will not be able to collect winning through a credit/debit card. This is only a minor hindrance, as there are many safe ways to payout at BetOnline.
The most popular payout method is via a good old-fashioned check in the mail. These are popular because they avoid banks, arrive fast, and you can cash them whenever you would like. Visit the cashier to request a check. The site asks you to wait up to 30 days for delivery, but most members receive their checks within a matter of days. The minimum for a check is $500, and the maximum is $2,500, making this a great method for medium-size withdrawals.
Another popular payout method is a Bank Wire Transfer. These payouts are very fast and usually take less than a week. When you are ready to withdrawal just email or fax BetOnline your bank wire instructions, and you will be well on your way to having the money in your hands. The minimum for a Bank Wire Transfer is $500, and the maximum is $24,900, making this a great option for medium to large withdrawals.
Bitcoin is quickly becoming a favorite payout/deposit method for members. To withdraw via Bitcoin, you must have deposited with this method as well. Many members use Bitcoin exclusively to do business at BetOnline. This method is very fast, usually posting to your Bitcoin account within 48 hours. Bitcoin has a minimum of $20, and a maximum of $10,000, making it great for small to medium withdrawals. Same goes for Litecoin, Ethereum, and now Dash.
There are some other payout methods such as money orders and person-to-person, each with differing limits and fees. The ones we reviewed are the most popular, but check out the cashier to read up on all the methods and choose which is right for you.
Just like deposits, there are fees that come along with payouts. BetOnline does their best to keep these to a minimum, and you can trust that they have the lowest fees in the business. Checks come with a $50 flat fee for each payout. Bank Wire Transfers tack on $45 to $75, depending on the amount withdrawn. They use these fees to cover international transaction costs, and ensure that you receive you winnings as fast as possible.
With BetOnline's Mobile Betting, you will be playing the horses from the palm of your hand. Whether you're in line at the grocery store, or lounging at the beach sipping cocktails, you will never be away from the action. Using your handheld device, just log in to BetOnline and you will be automatically redirected to the mobile site. From here, you can access all the racetracks, wager options, and odds. BetOnline uses state-of-the-art technology to bring you super-fast mobile speeds. There is no download needed, so you will not take up any room on your mobile device.
There is live horse betting at BetOnline that will have you betting as the race evolves. You can keep on wagering as the odds vary. This is the most exciting way to bet on the ponies, as the action unfolds on your monitor. BetOnline can't be beat when it comes to wager options, and pure excitement.
BetOnline's award winning customer service is there to help you 24 hours a day. The Live Chat feature will have you talking to a betting professional with the click of a mouse. They are friendly, educated, and ready to answer any question you throw at them. There are also dedicated emails for each portion of the site, as well as a 24/7 toll-free number. At BetOnline, you will always be able to connect with a customer service professional.
BetOnline really is a top contender for the best online racebook in the business. With every great track in the nation, mobile betting, and out-of-this-world bonuses, you will be happy to call this place home. Check out what CNBC and FOX Sports are calling one of the best horse betting sites in the world!