Horse betting online is a great way to find betting lines on horses. Navigating through online horse betting websites can be difficult. Especially if you are an American player. Good thing, the world is morphing into a more online, electronic interface. Making online horse betting easier to navigate.

Betting Online on Horse Races

Horse betting online took rise in the 1980s. Before that horse gambling had to take place on the tracks. As the internet developed, so did online betting horses. Now, almost all major race tracks have their betting platform. Allowing bettors to place live bets from anywhere in the world.

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An iPhone app to keep track of your Dollar Bets. Contribute to Rich86man/Dollar-Bets development by creating an account on GitHub.

1. Feb 04, 2021 Bet tracking is the most important step to really understand sports betting and improve your handicapping. As you place your bets, you are going to have to enter them in a spreadsheet, then.
2. Remember the bet on each game? BetStatus Let you track your bets in a simple way! Simply input your bets and check their status real time. For each game individually you'll know immediately if you.
3. Betting Trackr allows you to get a quick overview of all your activities right from the dashboard. You don’t have to bother with spreadsheets and calculator to get the most important stats. 'Betting Tracker allows me to keep track.
4. There are several popular mobile apps that one can use to track their bets. Some of these also come with a desktop component. Bet tracking apps are valuable because they can be used anywhere where you have a smartphone and an internet connection. Most are available on both iOS and Android.

Because of the variety of betting websites. Serious racebooks will use incentives to catch your attention. These sites won't hesitate to match your first deposit by 50 or 100%. Encouraging you to place better or more bets.

Advantages of betting online

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Betting online is a convenient way to bet on horse racing. It can be done anywhere, and at any time. If you schedule doesn't allow you to make a trip to the track, online is perfect.

• Betting online can earn you bonuses and rewards not offered at the race track.
• It gives you the freedom to be more selective on what you bet on.
• It allows you to analyze past performances to select the winner.

What are the best online horse betting sites?

Finding the best horse racing gambling site is a personal choice. Everyone has a different incentives that attract them. Every betting website will offer different bonuses and rewards.

Make sure you bet on the Kentucky Derby. That's because betting on the Kentucky Derby is a great way to get a good return on investment

Here, are the best online horse racing betting sites, based on research:

BovadaIntertopsBetOnlineMyBookieSportsBetting.ag

So how do you place bets online?

1. Sign up, or log into your favorite site
2. Select the race you wish to bet on
3. Place your bet. This is where you can choose to do a single wager or an exotic wager
4. Pick how much you want to bet
5. You'll get a confirmation
6. Watch the race.

Is horse race betting Legal in the US?

The the instatement of the Unlawful Internet Gambling Enforcement Act in 2006. It stopped Poker, Casinos and Sportsbooks from accepting US wagers. However, Horse racing betting sites got a carve-out.

They did this by only allowing pari-mutuel pools. This loophole allows any state to place an online horse racing bets

Is US horse betting legal online in my state?

38 states allow bidders to place online bets for horse races. They are:

• Alabama
• Arkansas
• California
• Colorado
• Connecticut
• Delaware
• Florida
• Idaho
• Illinois
• Indiana
• Iowa
• Kansas
• Louisana
• Maine
• Maryland
• Massachusetts
• Michigan
• New Jersey
• Minnesota
• Montana
• New Hampshire
• New Mexico
• North Dakota
• New York
• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• Rhode Island
• South Dakota
• Tennessee
• Vermont
• Virginia
• Washington
• West Virginia
• Wisconsin
• Wyoming

Online horse racing betting is a great way to get your bet out there. Allowing even a bettor with a business schedule to place a bet. Doing your research to the find the right website for you. Will help you get the most rewarding experience. Allowing you to thoroughly enjoy betting horse racing as a rewarding past time.

Ever wondered how you are actually doing in sports betting?

Just like tracking your finances can be an eye opening experience (I spent how much at restaurants last month?!), tracking your bets can shed some light on your performance.

Download the free sports bet tracking spreadsheet below to get started (available for both Excel and Google Sheets):

Bet Tracker Spreadsheet: Instant Insights

If you want to measure your performance and see where you are succeeding and failing, you need to track it.

With this free tool, you can see your performance broken down by various dimensions.

Have a great ROI on betting NBA 2nd halves? Getting solid closing line value on NFL point spreads? This spreadsheet allows you to answer questions like this and more.

How to use the spreadsheet

While the spreadsheet is pretty straightforward, I’d like to walk you through how it works.

How to track sports bets

Track Your Bets App

Everything lives in the “Bet Log” tab. This is the only place information is manually entered. Once the data is entered there, all other tabs will automatically populate.

In the “Bet Log” tab, blue columns are required while red columns are optional. The more information you input, the more useful the spreadsheet will be.

Entering things like the closing line, while slightly annoying, will also be the most important to your success.

How to analyze performance

Each tab will have different graphs and tables that show your performance. The beauty of this is that you can filter the data by any dimension you like.

Any yellow cell is an “input” cell that can be changed. All of these are dropdowns that are pre-populated based on the information you enter in the Bet Log.

How to add more leagues and teams

To add new leagues and teams, you will do so in the “REF” tab. This tab holds all of the lookup information for the dropdowns throughout the spreadsheet.

Again, the cells available to modify are in yellow. You can add the following dimensions:

• Leagues (ex: WNBA)
• Teams (ex: Chicago Sky)
• Tags (ex: 2nd half)

Bet Tracker Spreadsheet Metrics

Deciding what to track is important in determining how you measure success. The spreadsheet tracks the following key metrics:

Closing Line Value

Closing line value (CLV) is a measure of how much better or worse the odds you bet at were compared to where they closed.

If you believe the markets you are betting into are efficient (NFL point spreads, MLB moneylines, etc.), then CLV is a great predictor of long term success.

All you need to do is input the odds you placed your bet at as well as where the odds closed. Preferably you use a market making sportsbook like Pinnacle to decide what the “true” closing line was.

Profit

Profit is about as simple as it gets. Are you making or losing money?

While this is the “bottom line”, surprisingly it isn’t always predictive of long term success. Still, you will obviously want to see how much money you have made or lost.

ROI

This is what most people tend to look at. It is a measure of how profitable you are relative to how much you are risking.

While at the end of the day, the money in your pocket is what matters, this metric focuses more on results rather than process and is a measure of efficiency.

ROI isn’t as predictive of long term winning as CLV, but is useful to track to see where you stand.

Risk

This one is simple, yet will likely give you insights into where you are putting your money.

If you have a model, does it consistently value the Dallas Cowboys differently than the market? Thus making many of your bets on the Cowboys? Analyzing your risk by league/team/bet type can give you these types of answers.

Bankroll

Bankroll will track our running total of how much money you have in your accounts across all sportsbooks. You can also see this trended over time to help you see any changes in your betting strategy and how that has affected your bankroll.

It is very useful to see, at a glance, where your money lies. Is 95% of our bankroll at FanDuel? Maybe you should shift some to DraftKings.

Bet Tracker Spreadsheet Dimensions

Having these metrics available is important, but insights really come from slicing the data by different dimensions.

League/Team

Tracking your performance by league or team can give you clues into where your strengths or weaknesses are.

Do you watch every second of every New York Knicks game? Think you have an edge on Knicks games? You can find out using the spreadsheet.

Same goes for leagues. Do you follow NFL closely but use strictly numbers for NCAA Basketball? Compare the performance of the two and see what’s working.

Bet Type

Looking at performance by bet type can also shed some light on your process, especially if it is model driven.

Track your performance by the following bet types:

• Spread
• Moneyline
• Total
• Prop
• Future

You can also use the “Tag” field to designate special types of bets. For example, if you want to see your performance on moneylines for NBA 2nd halves, you would put “2H” (or something similar) in the Tag field and “moneyline” in the bet type field.

Date

A common way to analyze performance is to look at metrics trended over time.

Look at any of the metric/dimension combinations above trended over any time period you’d like.

Want to see your performance over the last 14 days? Or how about the last 12 weeks? Both are possible here.

Google Sheets Sports Betting Tracker

The sports betting tracker is also available on Google Sheets. While the features are the same as the Excel file, Google Sheets has some notable benefits:

• Available/online at all times
• Can enter bets on your phone using the Sheets app
• You don’t need to be at a computer to enter your bets
• Google Sheets auto saves any changes
• Allows multiple users to be in the sheet at the same time and make changes