Introduction to Betting on Horses on DraftKings
DraftKings is a popular daily fantasy sports site that allows users to enter into daily and weekly fantasy sports contests for cash prizes. Now, in addition to fantasy sports, DraftKings has expanded its offerings to include horse racing. On the DraftKings platform, users can now bet on both live and simulcast horse races from tracks around the country. In this article, we’ll explore the details of betting on horses at DraftKings, including the types of bets available, how to place a bet, and the terms and conditions that apply.
Types of Horse Racing Bets at DraftKings
DraftKings offers several different types of horse racing bets, including:
- Win bets: A win bet is a bet placed on a single horse to finish first in a race. If the horse you bet on wins, you win the bet.
- Place bets: A place bet is a bet placed on a single horse to finish either first or second in a race. If the horse you bet on finishes first or second, you win the bet.
- Show bets: A show bet is a bet placed on a single horse to finish either first, second, or third in a race. If the horse you bet on finishes first, second, or third, you win the bet.
- Exacta bets: An exacta bet is a bet placed on two horses to finish first and second, in that order, in a race. If the horses you bet on finish first and second, in that order, you win the bet.
- Trifecta bets: A trifecta bet is a bet placed on three horses to finish first, second, and third, in that order, in a race. If the horses you bet on finish first, second, and third, in that order, you win the bet.
- Superfecta bets: A superfecta bet is a bet placed on four horses to finish first, second, third, and fourth, in that order, in a race. If the horses you bet on finish first, second, third, and fourth, in that order, you win the bet.
How to Place a Horse Racing Bet at DraftKings
Placing a bet on a horse race at DraftKings is easy. First, you’ll need to create an account with DraftKings and make a deposit into your account. Once you’ve done that, you’ll be ready to place your bet.
Step 1: Select a Race
The first step is to select a race that you’d like to bet on. You can do this by selecting “Horse Racing” from the list of available sports on the DraftKings website. From there, you’ll be able to select a live or simulcast race that you’d like to bet on.
Step 2: Select Your Bets
Once you’ve selected a race, you’ll be able to select your bets. You can select one or more horses to place a win, place, show, exacta, trifecta, or superfecta bet.
Step 3: Place Your Bet
Once you’ve selected your bets, you’ll be able to place your bet. You’ll need to enter the amount of money you’d like to bet, and then you’ll be able to submit your bet.
Terms and Conditions for Horse Racing Bets at DraftKings
When placing a horse racing bet at DraftKings, there are several terms and conditions that you should be aware of.
Minimum Bet Amounts
The minimum bet amount at DraftKings is $1.00. This means that you must place a bet of at least $1.00 in order for your bet to be accepted.
Age Restrictions
In order to place a bet on a horse race at DraftKings, you must be at least 18 years of age.
Winning Limits
There is a maximum winning limit of $50,000 per day for all horse racing bets at DraftKings. Any winnings that exceed this amount will not be paid out.
Cancellation of Bets
DraftKings reserves the right to cancel any bet at any time, for any reason. If your bet is cancelled, your money will be refunded.
Taxes
It is your responsibility to pay any applicable taxes on your winnings. DraftKings is not responsible for any taxes owed on winnings.
Conclusion
Betting on horses at DraftKings is a fun and easy way to make some extra money. With a wide range of betting options available, you’re sure to find a bet that suits your interests. Be sure to review the terms and conditions before placing any bets, and remember to always gamble responsibly.