The Laws and Regulations of Betting on Horses

July 28, 2018 August 10, 2018 James Anderson

When you do fancy a day out, many gamblers will opt to visit a racecourse or race track, and to be fair those types of places can and do offer punters an enjoyable day out, and besides the obvious betting opportunities available at such venues there are also lots of places to eat and drink too.

Now, it should be pointed out that families often do choose to have a day out at a racecourse or race track and whilst anybody who wishes to place a bet on-course does of course have to be over the minimum legal age to gamble at such venues, there is plenty of distractions for children at those racecourse and race tracks too.

What you will find when visiting a racecourse is that you often have the option of placing bets with traditional bookmakers, and they will be offering you odds on each horse running in each race, and the odds will be displayed on their respective betting boards.

However, you are also going to find pool betting opportunities such as when you bet on the Tote, and when you do place a bet that way your stake is fed into the pool and of the winning tickets will each win a share of the prize pool.

Get to Know the Horse Racing Bets You Can Place

One thing that I think you should consider doing if you are fairly new to the horse race betting environment, is spend as much time as you can do researching the many different types of horse racing related bets and wagers that you can place.

By doing so you will then see just what betting opportunities are available to you, and will discover if there are any advantages of placing one type of bet over any other, and you are guaranteed of finding lots of different best by the way, no matter where you choose to place them!

Licensed Bookmakers

You do have many levels of protection when you choose to bet only at licensed and regulated betting sites, however you do need to ensure that the betting site you choose to bet at is licensed in your home country of residence.

There are some licensing jurisdictions that do not issue gaming licenses but simply business licenses and that could then put you are risk if you ever run into any problems at those sites. So always look to sign up to bookmakers that are licensed for complete peace of mind.

About The Author

James Anderson

Contributor

James Anderson is our legal beagle and loves nothing more than dissecting laws and regulations surrounding online, mobile and land based gaming and ensuring all jurisdictions sing from the same hymn sheet, and is prepared to call them out if they do not.

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