DraftKings is quickly becoming one of the most popular online sports betting platforms, and many people are wondering if they can bet on horses through the service. The answer is yes, you can bet on horses with DraftKings, but there are a few important things to keep in mind before you do.
What Types of Horse Racing Bets Are Available?
DraftKings offers a variety of horse racing bets, including win, place, show, exacta, trifecta, superfecta, and daily double. You can also place multiple bets on the same race, such as a pick 3, pick 4, or pick 6.
How Does DraftKings Calculate Horse Racing Payouts?
DraftKings calculates payouts for winning bets based on the odds of the race. The odds are set by the track’s racing secretary and can change throughout the day. DraftKings will update the odds in real-time, so make sure to check them before placing your bet.
Can I Place Bets in Advance?
Yes, you can place bets in advance with DraftKings. You can place bets up to one day in advance of the race.
What Tracks Can I Bet On?
DraftKings offers betting on tracks around the world, including the United States, Canada, the UK, Australia, and Singapore.
How Do I Place a Bet?
Placing a bet with DraftKings is easy. First, select the race you want to bet on and the type of bet you want to make. Then, enter the amount you want to wager and click “Place Bet.” You will receive a confirmation email with your bet details.
What Are the Fees?
DraftKings does not charge any fees for placing a bet.
What Happens If I Win?
If you win a bet, you will receive a payout based on the odds of the race. The payout will be deposited into your DraftKings account within 24 hours of the race ending.
Can I Cash Out My Winnings?
Yes, you can cash out your winnings with DraftKings. You can transfer winnings to your bank account or use them to place more bets.
Do I Need to be a Member to Place a Bet?
Yes, you must be a member of DraftKings to place a bet. You can sign up for a free account online.
Is Betting on Horses Legal?
Yes, betting on horses is legal in most states. However, it is important to check your local laws before placing a bet.
In conclusion, DraftKings is a great platform for betting on horses. You can bet on a variety of races, place bets in advance, and cash out your winnings. However, it is important to remember to check your local laws before placing a bet.