Indiana Horse Racing Betting Sites – Compare the Best IN Horse Racing Betting Sites

Comparing the Best Indiana Horse Racing Sites

We now present a table that compares all the 10 horse racing betting sites in the rankings:

Live streaming is an area where there is obviously room for improvement and there is scope for more racing bonuses. Most of the top 10 offer rebate bonuses and all but one features futures betting on upcoming major races. Each bookie has cash out betting on the live platform. For a more detailed comparison, you should look at our best online sportsbook reviews.

How to Bet on Horse Racing in Indiana

Betting on horse racing in the United States differs from betting on sports. There are numerous meetings and races and bets that are specific to horse racing. There are no options for pool straight and specific wagers when you are betting on other sports. The Morning Line odds are another unique feature of Indiana horse racing betting.

Where can I Bet on Horse Racing in Indiana?

There are four options for Indiana horse racing betting which we explain below:
• You can place bets on live and simulcast horse races at Horseshoe Indianapolis racetrack, formerly the Indiana Grand horse racing facility.
• There are three off-course retail betting offices in the state at Indianapolis, Clarkesville and New Haven.
• You can place pool bets online on horse racing with BetAmerica and TVG from Indiana, whereby the pot is shared between winning ticket holders
• Offshore legal sportsbooks accept fixed odds horse racing bets from residents of Indiana.

What Horse Racing Bets can I Wager on Online?

The legal offshore IN horse racing sites offer straight wagers (Win, Place, Show) and exotic wagers (exacta, trifecta, superfecta, Daily Double, Pick 3, Pick 4 and Pick 6). These sites also publish Morning Line and Starting Price fixed odds.

Thoroughbred horse racing in the United States has very little variety. Most tracks are left-handed oval courses with a distance of about one mile. Races are run on the flat over five furlongs to 12 furlongs so there are two long turns in the majority of events.

In addition to flat races, Indiana horse racing followers can bet on harness racing, quarter horse racing and greyhounds. However, our leading bookies display futures betting for major overseas jumps races, like the Aintree Grand National, Cheltenham Gold Cup and Irish Grand National.

The offshore operators also issue betting markets for the important overseas races, predominantly flats. The most popular are the Epsom Derby, Prix de l’Arc de Triomphe, Melbourne Cup and Dubai World Cup.

What are the Benefits of Offshore Horse Racing Betting Sites?

There are numerous benefits to offshore horse racing betting sites, some of which are listed below:
• Fixed odds and Morning Line odds
• Straight and exotic wagers
• Anonymous deposits using crypto
• Better value in the lines
• One account for horse racing, sports and casino
• Match deposit welcome bonus
• No deposit bonuses, rebates and free bets
• Easy access to overseas racing betting
• Long terms futures on the US Triple Crown and Breeders’ Cup
• Fast payouts

How does Horse Racing Betting Work in Indiana?

Offshore racebooks display odds in fractions by default but this can be changed to American odds or decimal odds. A $10 winning bet at fixed odds of 4/1 returns $50, made up of the profit ($40) and stake ($10), which is returned with a winning bet. You might find some sportsbooks that have customers in Asia offering the choice to show odds in Indo, Hong Kong and Malay formats.

This table displays a small conversion chart for the three odds format and the implied probability:

What Horse Racing Markets can you Bet on in Indiana?

There are two three types of markets for IN horse racing betting which are fixed odds and pool straight and pool exotic wagers. The pool dividends include the stake, and that is how where pool bets differ from fixed odds bets. In fixed odds betting the return from a 10/1 winning bet for $10 is $110, made up of the profit ($100) and stake ($10). For all your horse racing markets, take a look at the best offshore sportsbooks.

The pool dividends for the 2022 Indiana Derby are used to illustrate how each bet works:

• First: Actuator
• $2 Win: $8.40
• $2 Place: $4.40
• $2 Show: $3.60
• Second: Best Actor
• $2 Place: $4.40
• $2 Show: $3.40
• Third: King Ottoman
• $2 Show: $3.80
• Fourth: Trademark
• $1 Exacta: $35.00
• $0.50 Trifecta: $38.00
• $0.10 Superfecta: $32.00

Straight Wagers

There are three horse racing straight wagers on Indian horse racing betting sites:

Win Bet

A win bet is purely a bet on the horse to finish first in a race and horses in any other positions represent losing bets. A $50 pool win bet on Actuator returns 25 times the dividend which equates to $210.00.

Place Bet

A place bet is akin to the second place element of a fixed odds each-way bet. You are predicting a horse to finish first or second and any horse third or worse does not win the bet. A $100 pool place bet on Best Actor returns 50 times the dividend which equals $220.00.

Show Bet

A place bet is like the third place part of an each-way bet at fixed odds. Any horse finishing outside the first three will be a losing bet. A $100 pool show bet on King Ottoman pays 100 times the dividend so the return is $380.00.

Exotic Wagers

Indiana horse racing sites feature four types of exotic wagers: exacta, trifecta, superfecta and parlays:

Exacta

The exacta is a forecast bet that involves predicting the horse to finish first and second in a race in the correct order. A boxed exacta is called a quinella and the selection can finish in any order. A $10 exacta on Actuator and Best Actor paid 10 times the dividend so $350,00.

Trifecta

The trifecta takes the forecast bet further by including a third horse. The objective is to pick the horses to finish first, second and third in the correct order. Hence, a $10 trifecta on Actuator, Best Actor and King Ottoman returned 20 times the dividend for a return of $760.00.

Superfecta

Adding another pick to the trifecta converts the bet into a superfecta. This is a forecast wager whereby you are betting on the first four horses past the finishing post in the right order. A $10 superfecta on Actuator, Best Actor, King Ottoman and Trademark pays 100 times the pool dividend so the return is $3,200.00.

Parlays

Indiana horse racing bettors can also place across the card parlays but the selections must be in consecutive races. The pools are combined to provide one multiple return but there cannot be a losing selection. Race meeting parlays include the Daily Double, Pick 3, Pick 4 and Pick 6, accommodating two, three four and six selections, respectively.

How does Pool Betting Work in Indiana?

Pool betting is a widespread type of wagering activity in many leading racing nations and is prominent in the United States. Bettors place a bet into a pool and the dividend or return to one unit is determined by the weight of money.

There is a basic stake unit but you can buy multiple tickets. The pot is shared amongst the winners and the return reflects the total stake. Therefore, if you have 10 winning tickets, your share of the pool is 10 times the dividend.

Can I Bet Online Via TVG/Pools in Indiana?

TVG is a pool-only horse racing betting operation that is legally licensed and regulated in some states in the US. Residents of Indiana can place online bets into the TVG pools so the site provides an alternative to betting at an offshore location.

How to Sign Up to an Offshore Horse Racing Betting Site in Indiana

In order to place bets on horse racing and other sports and claim welcome and existing customer bonuses, you must register with a sportsbook. Here is a step-by-step guide to joining an offshore operation using BetOnline as an example:

Step 1. Visit Partner Site

The first step is visiting BetOnline and clicking ‘JOIN’ which gives you access to the registration screen for personal and contact .

Step 2. Register

The next step is completing the registration screens, including a Username and Password, entering an optional X promo code and submitting an application.

Step 3. Deposit Funds

Thirdly, you must fund a new account using a method and provider, specify the payment and make a deposit.

Step 4. Place Bet

Finally, navigate to your chosen market and click on the odds for your selection. This action activates the Bet Slip which you complete with the stake and type of bet and click ‘Submit All Bets’.

Bonuses available at Indiana Horse Racing Betting Sites

Residents of Indiana are eligible for bonuses, some of which are related to horse racing, such as those described below:

Match Deposit Bonuses

The deposit is matched by the bonus up to a certain percentage. The best match deposit bonuses are 100% as the bonus equates to the deposit. There are some IN horse racing betting sites that offer just a 50% match bet bonus so the bonus is half the deposit. However, you cannot cash out the bonus but for more information about this facility, you should look at the best cash out sportsbooks.

No Deposit Bonuses

You don’t have to make a qualifying deposit to receive any no deposit bonuses. These are often paid as loyalty benefits to current players. However, there are instances whereby a new customer receives a bonus by merely registering without the need for an initial deposit.

Rebate Bonuses

Rebate bonuses are popular with at leading legal offshore sportsbooks. They are usually associated with horse racing and the percentage rebate depends on the track grade and type of net. Rebates are calculated on action or net losses over a specific number of days. The bet horse racing rebates do not carry forward net losses into the next qualifying period.

Free Bets

A number of offshore sportsbooks give customers free bets that they can use on horse racing. Free bets can be part of a VIP Program or a benefit for loyalty. There are race-specific free bets, such as on the Kentucky Derby. Any returns from a free bet do not include the free bet stake. You can find more information on the best free bets in the USA this month.

Payment Methods at Indiana Horse Racing Betting Sites

The best IN horse racing betting sites offer a range of payment methods and providers. We now describe the most common in the following sections:

Crypto Banking Options

Crypto is a virtual currency payment provider. There is no central bank and the units are held on a computer server. Crypto payments are suited to sportsbooks as they are fast, convenient and anonymous. The most used providers include Bitcoin, Softcoin and Ethereum. For more information you can see the best Bitcoin sportsbooks.

eWallet Banking Options

The eWallet method makes money transfers between two online operations. A user only enters banking information before making the first payment so subsequent payments are seamless. Popular providers include PayPal, Skrill and Neteller.

Traditional Payment Methods

There is still a place for more traditional payment methods, including debit and credit cards and bank wire transfer. These methods are generally free, but they can be subject to delays. Visa, Mastercard and American Express are the most popular card companies while most major banks will process wire transfers.

Our Top 5 Tips for Horse Racing Betting in Indiana

Here are five tips to help you make your Indiana horse racing betting more successful:

Study Form

Studying the form for each horse allows you to assess the relative ability and the probability of the outcome. Speed figures and ratings provide a numerical indication of horse form.

Manage Betting Bank

Careful bank management is important when you are placing multiple bets. Adopting a staking plan which protects the bank or maximises good runs is a good discipline.

Claim Free Bets

Racebooks often give existing customers free bets as a loyalty benefit. They can be racing generic or specific to a major race, such as the Kentucky Derby or Breeders’ Cup Classic.

Use Rebates

A popular racebook benefit is a rebate, based on weekly or daily action or met losses over a specific period of time. This can be a week or month and the best rebates don’t have rollovers.

Follow Expert Picks

You can purchase expert picks or see them for free on many online services. You should see a successful proofing period before spending money on picks from experts.

Major Indiana Horse Race, Track, Other Big Races and Schedule

The most important horse race in the state is the Indiana Derby. It takes place in July at Horseshoe Indianapolis which is the only location for residents to visit Indiana horse racing tracks

The Indiana Oaks is the only other graded race in the state and that is also run in July at Horseshoe Indianapolis: 4300 N Michigan Rd, Shelbyville, IN 46176. Tel: +1 877-386-4463.

Indiana Horse Racing Betting on Mobile and Apps

Residents of Indiana enjoy full mobile and online sports and horse racing betting. The licensed operators, TVG and BetAmerica, have launched downloadable apps for iOS and Android. The offshore operators also have mobile sites that are compatible with these platforms.

Virtual Horse Racing Betting in Indiana

Virtual horse racing shows pre-recorded graphical races with random outcomes. There are many events in racing and other sports. Our offshore brands have not moved into this area, but they could at some stage. However, sportsbooks with US licences do feature some virtual horse racing.

Indiana Horse Racing Near Me

Indiana is a state with retail betting outlets where residents can bet on horse racing. There is also track betting on races at Horseshoe Indianapolis and simulcast races at the same venue.

Betting at the Racetrack vs Online Horse Racing Betting in Indiana

This chart shows the good things and not so good things about betting at Indiana horse racing tracks the racetrack and online in Indiana:

The Best Indiana Horse Racing Site

This review of the top 10 Indiana horse racing offshore betting sites finds that BetOnline is the number one. The standalone racebook offers thoroughbred racing from many tracks in the US and major racing venues in the UK and Ireland, France, South Africa and Australia.

New customers can claim a generous match deposit bonus which complements loyalty benefits for current players, including a $25 horse racing free bet. The desktop and mobile sites feature processes for seamless banking, customer care and responsible gambling in a safe and secure gaming environment. BetOnline is the best offshore location for IN horse racing betting.