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Horse Racing Betting News

For some, horse racing is concentrated into just a few events per year when the mainstream hype of the Kentucky Derby and the other Triple Crown races dominates headlines in May and June. For many others, betting on horses is a daily labor of love with wagering happening at tracks across North America and around the world.

With rebates on every wager you make and sweet horse racing bonus offers (that can see you double your deposit and more), Odds Shark is helping you learn horse race wagering online, you can start making some cash.

Start Betting on Horse Racing today!

Betting on Horse Racing with Odds Shark

Odds Shark is the internet’s top source for horse betting odds, analysis, and picks. Make sure to stop in often during Triple Crown season, and for every other big race for the latest horse betting news.

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Learn to Bet on Horse Racing at Odds Shark

Finding odds and learning the lingo associated with the “Sport of Kings” is not always easy, but we have aimed to make it simpler for novice bettors to learn how to wager on horses online, at the track, or at an OTB location.

Straight Wagers

  • • Win
  • • Place
  • • Show

Exotic Wagers

  • Exacta Box
  • • Trifecta Box
  • • Quinella
  • • Double Wheel
  • • Show Parlay

Horse Racing Odds and Betting Formats Explained:

Betting on a horse to win, place, or show is pretty easy for most bettors to wrap their head around, but some of the more complex horse race betting jargon can confuse beginners.

The easiest way to understand an exacta or trifecta bet is that you are choosing the two or three horses you think will win and place (and show for a trifecta). These can be harder bets to win on, as you have to nail the exact finish position of multiple horses, but they can pay out big time!

Box bets allow you to make exactas or trifectas but bet all possible outcomes and combinations of your horse racing odds wager. For example if you were to pick horse 2 to win and horse 4 to place in an Exacta bet, but horse 4 won and horse 2 came second you would lose the bet. However, in a Box bet, you choose the horses you think will win and place, and win if those horses win and place, regardless of order.

How Do I Calculate My Horse Racing Odds and Payouts?

Understanding horse racing odds can be one of the most difficult things for beginning bettors. Odds Shark has broken down some common odds below, and attached the payout rate. All predicted payouts below are for a $2 bet. For example. If you were to bet $2 on the horse with the first odds, 1-2, you would take home $3 with a victory.

Horse Racing Odds - Payout Chart
Odds$2 Bet Payout
1-2$3.00
1-1$4.00
3-2$5.00
2-1$6.00
5-2$7.00
3-1$8.00
10-1$22.00

Where Can I Find More Horse Racing Wagering Guides?

It’s ok if you’re not sure of the best way to bet on horses or how to tell the difference between an exacta wheel and a trifecta box. If you’ve heard of a Pick 6 and daily double betting, but don’t know how it works or how you can get started, check out the tutorials from our handicapping expert. Mike Dempsey has more than three decades in the business, and knows the sport inside and out.

Odds Shark Horse Racing Odds and Guides

Horse Racing Betting Odds and Events

Previous Triple Crown Winners

Every year there are a handful of horses who handicappers and horse racing fans are excited to see long before the running of the Kentucky Derby. These young horses have been bred and trained their entire lives to compete in the three Triple Crown Races in Kentucky, Maryland, and New York, but actually winning all three events is a rare feat. In total, 13 horses have won the American Triple Crown, here are the most recent to do it:

Triple Crown Winners
YearHorseTrainer
2018JustifyBob Baffert
2015American PharoahBob Baffert
1978AffirmedLaza Barrera
1977Seattle SlewWilliam H. Turner Jr.
1948SecretariatLucien Laurin
1946CitationHorace A. Jones
1943AssaultMax Hirsch

Horse Racing Betting Odds Today

While the Triple Crown races are some of the most popular events to wager on, many tracks offer daily live horse racing odds every day. If you're looking to bet on the ponies at any point, consider checking out some of these tracks on your racebook of choice:

  • • ​Arlington Park Race Track (Illinois)
  • • Belmont Park (New York)
  • • Del Mar Thoroughbred Club (California)
  • • Saratoga Race Course (New York)
  • • Woodbine Racetrack (Ontario, Canada)

Odds Shark’s Horse Racing Bible

There’s no denying Odds Shark covers horse racing across the board. We were bred for wagering on horse racing. If you want to gallop out of the betting gate, whether it be on straight bets or exotic bets, our king of colt betting will lead you to the pony promise land. If you're looking for the best horse racing odds, check out our top racebooks.

Keep up on our horse racing content and follow for full rundowns of how a single horse finishes a race or picking the winner of consecutive races. Our goal with horse gambling at Odds Shark is to turn you into a betting stallion. We hope that with our horse wagering resources, you’ll be as successful as Secretariat or Seabiscuit.