Horse Racing Books at RacingBooks.net

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Racing Books

A horse racing book is a place where you can wager on horse, harness and greyhound races. There are plenty of land and internet-based horse racing books.

Horse racing books were traditionally located at race courses. With growing live TV coverage (simulcasting), and legal permission, horse racing books have shifted to off-track betting stations and even the internet.

Betting at a horse racing book is traditionally known as Parimutuel betting (from the French language: pari mutuel, mutual betting). Parimutuel is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house "take" or "vig" are removed, and payoff odds are calculated by sharing the pool among all placed bets.

Aside from pari-mutuel bets, a growing number of horse racing books are also offering fixed odds. In pari-mutuel bets, the final payout is not determined until the pool is closed. In fixed odds betting, the payout is agreed at the time the bet is sold.

Horse Racing Book

Also gaining popularity are betting exchanges. A betting exchange is a peer-to-peer gambling website acting as a broker between parties for the placement of bets. The concept is similar to that of a stock exchange or a futures exchange, where in this case the commodity being traded is a bet, rather than a stock or futures contract.

But don't get confused. These innovations simply add more excitement, and hopefully more profit, to the betting experience. It's up to you to choose where and what type of bets to place. A big advantage of internet-based or online horse racing books is that you are able to compare odds easily in front of your computer. You may then choose the horse racing book that offers the best odds. Online horse racing books also offer a lot of bonuses and promotions.

Although online horse racing books are governed by the law and regulated by the government where they are based, there are still a number of fraudulent operators out there. So be sure to check the site's reputation before you part with your bankroll.

And to make things a lot easier for you, we at racingBooks.net have reviewed some of the best online horse racing books from the US, UK and Australia. So read on, be informed and choose the horse racing book that's right for you.