There are prestigious events for all types of horse racing , which range from harness through to Arabian horses. This involves three races for thoroughbreds, each of which has qualifiers to ensure that only the best horses get to take part. Here are the races in date order. To complete the Triple Crown, a horse needs to win all three in the same year. Apps and websites operating in these states often allow wagering on races across the country and even internationally.
That leaves it up to the states whether they want to legalize online wagering on horse races. Anywhere the platforms above offer wagering, state laws have been enacted to allow for online wagering and horse race betting apps. If no real races are going on, you can also wager on virtual horse races. These are races simulated by a computer program, and bettors can still wager on the outcome. More on virtual sports betting. Unfortunately, this is not offered in the US, although land-based and online casinos may offer this in the near future.
Wagering on virtual horse races is more common in Europe and other regulated markets internationally. To the majority of people, racehorses look similar. While there is a big mix of heritage, they can all be traced back to just three fathers born in the s. Those sires were then imported to England, where they established blood-lines that were later imported to the US. Standardbred Horses: Harness racing uses a different breed known as standardbred.
These horses can have thoroughbred ancestors, with mixed heritage. This breed is considered easier to handle than the highly-strung thoroughbreds. A different breed, known as Arabian horses takes part in these contests. Arabian horses are perfect for long distances racing , though not for short bursts of speed. As the name implies, these horses recorded as a subsection of thoroughbreds were first bred in the Middle East.
Quarter Horses: Quarter Horses is a name given to the mixed-breeds which come from Spanish colonial stock. The name comes from the quarter-mile racetrack which was popular in the early days of horse racing. There are a lot of slang terms, acronyms and unique terms associated with betting on horses.
The list below includes the key definitions to get you started. Daily Double: A bet which involves picking the winners of two highlighted races usually consecutive races. Furlong: This is a distance measure, e. Each one is one-eighth of a mile.
Exacta: This is a bet on the first- and second-place finisher in the right order. Gelding: This term refers to a male horse that has been sterilized, which a common practice which can make unruly horses focus on racing.
Grade: Races are graded on the quality of the horses involved and purse. Grade 1 races have the best competitors. Handicap: Many races add weight to the better horses based on past performance to level the playing field. OTB: This acronym stands for off-track betting.
In some states, you can place bets at venues which do not have racing of their own. Post Position: The placement of a horse in the starting stalls, which is in relation to the position of the rail. Pari-Mutuel: Bets are pooled, with the payout based on the number of bettors who chose a winner or other bet types. This betting format is called pari-mutuel betting. Pick 6: A bet covering the entire race card.
Pick bets can sometimes be found for three or more races. If this is not won, the prize pool is rolled over onto the next racing fixture. Show: A bet where you win if your selection finishes either first, second or third. Simulcast: Live races shown on screens at racetracks around the country. You can bet on these races and watch them as they happen. Superfecta: Bet on the first four finishers in the right order; this bet has the potential for huge prizes.
Trifecta: A bet where you need to predict the first-, second and third-place finisher of a race in the correct order. Until recently, placing wagers on the internet was prohibited by Singaporean laws and this pertained to all forms of online gambling from casino gaming to lotteries and sports betting. Currently, residents of the country can legally punt online as long as they do it on the websites of the two state-backed operators exempt from the prohibition.
A study conducted in reveals an increasing number of Singaporeans are gambling despite the restrictions imposed by their government. Sports betting ranks as one of the most popular forms of gambling among Singaporeans. The restrictive policies of the government have caused some of the largest online bookmakers to withdraw from the market but many offshore betting operators still support the local currency and continue to accept registrations from this jurisdiction.
Singaporeans are keen on sports like soccer, basketball, rugby, and cricket but motor racing also gained traction after the annual Singapore Grand Prix became part of the FIA Formula 1 World Championship. This article discusses the sports betting legalities and regulations in Singapore along with the biggest betting markets in the country.
You will also learn about the payment methods and promotional rewards available to Singaporean punters. Remote sports betting is legal in Singapore as long as one places their wagers with the Singapore Pools, a state-backed entity that offers fixed-odds bets on international and domestic soccer and motor racing events like Formula 1.
It uses the OpenBet platform for its remote betting operations. The Singapore Pools holds a monopoly on landbased bookmaking shops in the country as well. The Singapore Turf Club has also been exempted from the governmental restrictions that aim at curbing online wagering. This state-owned entity is allowed to legally accept wagers on horse racing via its dedicated application that supports telephone, mobile, and online betting.
Punters from the country who are of legal gambling age 21 years old or above can use the web-based interfaces of the Singapore Pools and the Singapore Turf Club as long as they have previously visited a physical bookmaking shop to confirm their identity and age. Sports wagering on any other website is against Singaporean laws. Furthermore, the government takes the responsibility of keeping such illegal activities to the bare minimum rather seriously.
In a similar fashion, banks and financial services providers are prohibited from processing transactions to and from unauthorized foreign betting sites. The advertising of remote betting activities is strictly forbidden in the country unless it is conducted by the two authorized operators, the Singapore Pools and the Singapore Turf Club. Sports bettors from Singapore are not taxed on their winnings because these are considered windfalls rather than a reliable source of income.
It is essential to specify that both unauthorized betting operators and punters are held liable for violating the Singaporean laws. There are several pieces of legislation that have shaped the legal betting climate in Singapore as we know it today.
The operation of underground betting houses and gambling dens in considered a criminal offence under the provisions of the Betting Act of and the Common Gaming Houses Act of Both the gambling operators and their customers are held liable for committing such criminal offences. Note that this applies only to betting in public places.
Only the two state-backed organizations, the Singapore Pools and the Singapore Turf Club, are allowed to legally conduct sports betting in public places or remotely. That being said, criminal syndicates in the country have found different loopholes to cover their illegal activities. Wagering is allowed privately at Singaporean funeral wakes. These normally last for several days and are held in ground-floor parlors and tents where refreshments are served to the attendees, who arrive to express their condolences to the family.
The gamblers are notified in the very last moment so that they know where the funeral wake is held. To curb the illegal betting activities in the country, the Singapore government voted in favor of the Remote Gambling Act in October This legislation effectively outlawed all forms of interactive wagering, sports betting included, within the borders of the country.
The law officially came into force at the beginning of but a year later, the Singaporean government experienced a change of heart and decided to legalize remote betting under the provisions of the Remote Gambling Exempt Persons Order RGEPO. The former has the right to legally offer remote betting on lotteries such as the 4D and the Toto along with wagering on soccer and Formula 1 races. The Singapore Turf Club, on the other hand, is permitted to offer and accept online bets on domestic and international horse races.
Other betting products like online poker and casino games are still not allowed. The two approved sports betting operators had to cover various criteria to receive their exemptions. For instance, they must use their financial surpluses for charity and socially beneficial causes and take all the necessary measures to prevent underage persons under 21 from taking advantage of their services. Additionally, the two exempt operators must not allow betting on credit.
Each registered customer is required to choose daily deposit and betting limits for their account. The certificate for exemption remains valid for a period of three years, after which time it is subject to renewal. Both operators undergo regular inspections which ensure they stick to the frameworks and requirements outlined by the Singaporean government. Foreign sports betting operators are not granted domestic licenses by the Singaporean authorities. Violators have their domains blocked to prevent Singaporean punters from accessing their sports betting offerings.
Banks and payment processing companies in the country are also prohibited from transferring funds to and from illegal betting sites. Some offshore-licensed bookmakers continue to accept registrations from the country and give Singaporean customers the option to use their local SGD currency. Such websites cater to sports bettors, presenting them with a broader choice of leagues and markets, not to mention the odds they offer are typically far more competitive than those of the two local operators.
Punters from the country also have the option to experiment with more advanced wager types like the handicaps or outrights, where they must predict the outcome of the entire championship or league to win. Accumulators with multiple selections are also available at Singapore-friendly offshore sportsbooks.
Soccer events from all major leagues receive good coverage , with bettors having the option to wager on the World Cup, Ligue 1, the Bundesliga, the Premier League, Serie A, and La Liga, among others. Basketball competitions across Japan and China are also decently covered. The most common punts one can make are those on match, total points, handicaps, and to go overtime. Singaporeans are quite keen on slow-paced sports like golf and cricket. Local punters are also avid fans of motor racing, which is not surprising considering the country hosts the Singapore Grand Prix, held at the Marina Bay Street Circuit each year.
Offshore sportsbooks give them the chance to wager on a variety of events including the Formula 1 and the Speedway Grand Prix.
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