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Online horse betting fans will be happy to know that they will have lots of opportunities to wager on horse races at the PointsBet horse betting site. PointsBet racebook is soon going live! Click to learn all we know so far.
PointsBet Horse Betting Site Review
In case you haven’t already heard, PointsBet Sportsbook will soon be offering fixed-odds betting on NJ horse racing. This brand has joined forces with BetMakers, an online wagering solution provider, in order to implement its wagering technology and add horse betting to its NJ platform.
The table below features all the info we have on this situation at the moment. The second more details become available we’ll make sure to bring you an update right here. We are particularly eager to see whether there will be a specific welcome bonus for those interested in horse race betting with this brand. We’ll also include info on a potential PointsBet promo code that could accompany it.
|NJ Online Horse Betting Site||PointsBet|
What to Expect From PointsBet Horse Betting?
Here’s what we know about the PointsBet horse betting site. The product of the strategic partnership between PointsBet and BetMakers will soon be available in New Jersey in the form of fixed-odds betting opportunities.
This brand will initially accept bets on races taking place at Monmouth Park Racetrack in Oceanport, NJ. However, there are also plans to offer many other domestic and international races in the months to come.
A significant part of the agreement between these two companies is that PointsBet will be able to expand its services in other states in which online horse betting is regulated. This operator will be able to offer fixed-odds horse race betting to its casino partners that operate in other states. Of course, this service will become available only if said states allow online horse race betting.
PointsBet Horse Betting Markets
Like we have already mentioned, as soon as the PointsBet horse betting site launches the fixed-odds betting option, prospective bettors will have the opportunity to wager on races taking place at Monmouth Park. This racetrack boasts of hosting quite a few grade races for Thoroughbreds, and it even hosted the Breeders’ Cup World Championship in 2007.
The most important races on the horse race calendar taking place at Monmouth Park include the following:
- United Nations Stakes (Grade 1)
- Haskell Invitational Handicap (Grade 1)
- Monmouth Stakes (Grade 2)
- Oceanport Stakes (Grade 3)
- Monmouth Cups Stakes (Grade 3)
- Monmouth Oaks (Grade 3)
- Red Bank Stakes (Grade 3)
- Eatontown Handicap (Grade 3)
- Salvator Mile Stakes (Grade 3)
- Molly Pitcher Stakes (Grade 3)
- Philip H. Iselin Stakes (Grade 3)
- Matchmaker Stakes (Grade 3)
Also, there are close to twenty ungraded stakes taking place at Monmouth Park Racetrack, such as Mr. Prospector Stakes, Jersey Derby, Cliff Hanger Stakes, etc. So there will be lots of opportunities for placing bets on the PointsBet horse betting site when it goes live.
Of course, we expect to see other US horse racing staples in the future, such as the Triple Crown races, the Breeders’ Cup, the Travers Stakes, as well as other major races across the pond.
How to Bet on Horses with PointsBet
In case you are curious about what fixed odds horse race betting means, we’ll elaborate as this is a vital piece of info related to PointsBet horse betting site. There are three major betting types when it comes to horse races–exchange betting, tote or parimutuel betting, and fixed odds betting. As this brand will offer only the latter, we’ll concentrate on explaining it right here.
Fixed odds betting is, in essence, very straightforward. An online racebook offers specific odds for a certain event, and you create your selection (e.g., a horse you believe is going to win a race), and the racebook gives you odds for your bet. See the PointsBet basketball market for another look at this type of bet.
If your selection wins, you will receive winnings amounting to the combination of your stake amount and the odds you were given. In case your selection doesn’t win, the racebook gets your original stake.
The best thing about fixed odds betting is that you know how much you can win every time you place a bet. The only exception is the starting price or SP. This is the price that the racebook offers on a particular horse as it begins the race. This means that you do not know the odds a horse is assigned typically up to five minutes before the race.
We believe that PointsBet will offer the most common horse racing bet types available in the US, which are the following.
- Daily Double
PointsBet is a betting platform that has quickly become one of the leading betting sites in the US. In addition to a plethora of promotions both for new customers and existing ones (accompanied by a PointsBet promo code or two), this brand offers fantastic betting markets across a variety of sports. Here’s what they are.
- Aussie Rules
- Motor Racing
- Rugby League
- Rugby Union
- Table Tennis
There is also the “Entertainment” section for all those looking for markets other than the usual sports. We believe that the PointsBet Racebook will be a fantastic addition to the NJ online betting scene. For this reason, we are eager to see what the PointsBet horse betting sites will bring to the table as soon as it goes live.