Horse Racing Betting Rhode Island

In 1978, Rhode Island horse betting was ceased, but greyhounds were legal there by the end of 2019. Two casinos were there broadcasting harness racing, horse racing, and greyhounds. The government body regulating licenses and wagering tax collection is the Rhode Island Department of Business Regulation. However, in 2018, a law has been sanctioned, allowing citizens to opt for online Rhode Island horse betting. After that, the top Rhode Island horse betting sites started operating in the state.

There is a potential for new retail sportsbooks coming up in the state of Rhode Island in 2021. But till then, you can register on the licensed and regulated sites mentioned here. In this sports betting review, we have explained everything regarding the RI sports betting app, bonuses, types of wagers, wagering types, and many more things. Spend some time reading this article to understand the concepts before you go ahead with horse race betting.

Best Horse Racing Wagering Sites

Several RI online sportsbooks for horse bets are working, but it is of utmost importance to select the best. A few top reputed in-play horse betting sites operating are:

TVG Rhode Island

TVG horse racing has come up to be one of the top choices among residents of RI. They found that it should be ranked first in every category. It offers a 50% bonus on the first deposit up to $250. For that, you can make an initial deposit of $10, and many other ongoing promotions are also available. Around 150 tracks are available on the site with a brilliant app for IOS and Android. Additionally, it has enough banking options with an excellent withdrawal speed.

BetAmerica Rhode Island

Around 400 tracks are available on the Rhode Island real money betting site. Get a 100% welcome bonus of $100 while you sign up for the first time. It is also popular for offering many other promotions like VIP Daymaker, VIP program, wager reward program, free past performances, etc. The Rhode Island online sports betting site is highly secured, and all the information is encrypted. Also, it provides various wagers so you can opt for any bet.

Twinspires Rhode Island

The official wagering website of Churchill Downs Incorporated offers $200 as a signup bonus to all the players. It is a one-time reward that you get to sign up on the horse betting app. A bonus code must be used to avail of the promotion and the details available on the website. The code keeps on changing, so we haven’t included it here. Well, the full $200 bonus can be availed by gamblers within 30 days when they wager $800. It is a risk-free site so enrolling on the website is a good decision. Registering for legal sports betting in Rhode Island is simple, and once you complete, you can go ahead and play.

Horse Racing Betting Types

When it comes to living betting on horse races, the next thing you should know is the betting types. If you are not clear about terminology, it will be extremely difficult for you to choose. Short descriptions of the types are explained here.

• Win: Choose the horse that you think will win the race today. If you can make the correct predictions, you get the payout associated with it.
• Place: Here, the horse you pick must complete in any of the first two positions. If it does, you get the reward; otherwise, you lose.
• Show: It is also not as tough as the horse has the option to complete in the top three positions. The risk in a show wager is less compared to a win and a place.
• Exacta: It is a bit difficult as the bettor must pick up two horses finishing the race in order. Remember, in this wager, order is the most crucial thing.
• Trifecta: Pick up three horses completing the race as first, second, and third positions in chronological order.
• Superfecta: Choose four horses for the first four ranks and be sure of the order. It does not matter if the horses you have picked win when the order is wrong. It means if the horse you have chosen for the second rank comes third, you lose.
• Pick 5/6: In pick 5/6, pick up horses for 5 or 6 consecutive races. Winning the bet will give you a higher payout, so ensure that it is correct.
• Futures: The result is declared in the future. It means you should choose a wager when the tournament has not started, and you will get to know the result after a long time when the event finishes.

How To Watch Horse Racing?

When it comes to watching live horse races, different mediums are there. To watch live horse racing online, open YouTube, television, or even through wagering websites, like Twinspires and TVG. The benefit of watching on a horse racing website is you can wager in between if you want. Additionally, if you are on the go, the mobile app allows you to watch too.

Horse Racing Betting Promotions

When it comes to promotions, the websites offer them in several forms. Significantly, every player looks for this section before deciding to sign up. The various forms of bonuses are:

Welcome Offers

Almost all Rhode Island mobile sports betting offers a welcome bonus. It can be a match deposit, a risk-free wager, etc. For example, BetAmerica is offering a 100% welcome bonus of $100 to all the newbies.

Loyalty Rewards

While wagering, you get a reward point for each dollar. It is a great way to earn some points which you can redeem in the future. Some bets allow you to gain twice the points.

Refer-A-Friend

When you refer to your friend to sign up on the wagering website, you get a bonus. It can be a risk-free bet, a cashback, a reward, etc.

VIP Benefits

Here you can earn additional bonuses like extra deposit promotions, special offers, etc. Usually, it is offered to players frequently wagering on the website.

Horse Betting Tips

Gamblers new to betting must be looking for some tips to wager on horse futures markets. This section will give you some information on the tips which you can consider while wagering. Horse racing sports fans are requested to understand the tips and strategize a plan. It increases the possibility of winning.

• Sign Up On A Licensed Website: Most players commit the mistake in the first step itself. Many players choose any website without looking at the specification, which is why they end up losing interest in horse races. To bet on events, look for the bonuses and a licensed website and sign up. It should be secured and must use the latest technology to safeguard all the transactions. If a website is not licensed, there is no surety that you will get the bonus or rewards you win.
• Collect Statistics: It is vital to collect all the details on the horses, jockeys, and their previous performances. The records help in determining which horse has more chances of winning over others. It is the best way to bet on horse races. If you do not have data, how can you predict which horse can win?
• Know The Difference In The Wagers: All wagers do not mean the same and have a specific payout. Understand what they mean and how much payout you will get if you win. It will help in deciding if you can win the bet. If you do not have proper knowledge of the wagers, the winning chances decrease.
• Fix A Budget: Do consider a budget and stick to it. If you place the wager without thinking, you will only lose.

Horse Racing Betting Rhode Island Latest News

Santa Anita Race Track begins through a winter/spring meeting with upgrades that start with a bonus plan, a 10% increase in overnight purse distribution, and a new turf course chute. The opening day includes an 11-race card with five graded stakes races.

Wrapping Up

If you have never tried wagering on horse races, go for it. It is not as difficult as you might think so before wagering. This review has already included all the information that a gambler must know before starting to play. Therefore, it’s time to look for a licensed and reputed site to wager. Once you start, you will love to place bets over again.