NJ Horse Racing Betting

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NJ Horse Racing Betting
Learn more about NJ horse racing betting. T&C’s apply. 21+ in NJ. – Play responsibly.

Let's take an in-depth look into NJ horse racing betting! The state of New Jersey has one of the most wide-ranging legal gambling markets in the whole United States. Read our NJ horse racing betting guide to find out how to bet on your favorite horse racing events!

New customers get up to a $300 risk-free bet on a single horse win bet
The $300 Risk Free Bet (“Promotion”) is only open to new TVG account holders in TVG Participating States, age 21+, 4NJBets account holders who are residents of New Jersey, age 18+ and PABets account holders who are legal residents of Pennsylvania, age 21+. Void where prohibited by law. Full T&Cs

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Horse Betting Terms

First, before you can actually go out and place your NJ horse racing betting wagers, you will need to learn a bit more about the sport. So, it is a good idea to become familiar with the horse betting terms you will need to know in order to fully understand the bets you are placing. We will look into the basic terms that you will need to know in order to be able to place your bets in no time!

The following horse betting terms are important for you to understand.

Horse racing terms to know

  • Win: Just like in many kinds of sports betting and online sports betting, a win bet is very easy to understand. A win is like an outright win bet in sports betting, you will be betting on the horse you believe will win the horse racing event you are betting on.
  • Handicap: Sometimes horses are not evenly matched in horse racing events. In these instances, in order to make the chances of winning for all of the horses in a race more even, weights may be added to the horses who are deemed as having better chances of winning than the other horses.
  • Pari-Mutuel: A form of horse race bet in which the bets are pooled. Then, the pay out is determined by the number of bets that were placed on the horse who actually ended up winning the horse racing event.
  • Place: A bet that is placed by the bettor predicting that a specific horse will finish first or second in the horse racing event. 
  • Show: A bet in which the bettor picks a specific horse to finish first, second, or even third in the horse racing event.
  • Trifecta: A bet in which the bettor picks the specific horses they believe will finish first, second, as well as third in the correct order that the horses finish the horse racing event in ultimately.

Types of Horse Racing Bets

Now that you understand the terms you will see when engaging in NJ horse racing betting, you will need to understand the types of bets you can place. That way, you will be able to place your horse racing bets with a complete understanding of what you are betting on. And, that will give you and your bets a much better chance of ultimately paying out big money for you!

Some of the types of bets will be familiar to you as we just discussed them in the horse race betting terms above. The most common types of bets you will find both in-person and at horse racing betting sites are:

Win

As mentioned before, the bettor will win this type of bet if their chosen horse finishes first in the horse racing event. This is the same type of bet as an outright win bet in sports betting. This type of bet can have a sizeable pay out.

Place

Again, as mentioned above, the bettor will win this type of bet when their chosen horse has finished in either first or second place. This can be an easier type of bet to win, but the pay out will be less than a win bet.

Show

Once again, as mentioned above, the bettor will win this type of bet if their chosen horse finishes in either first, second, or third place in the horse racing event. Of the three main types of bets, this bet has the smallest pay out.

NJ horse racing betting - entries
An example of a TVG betting page for NJ horse racing betting. (Photo credit: tvg.com)

Now, there are also more specific types of bets that you can place on horse racing events. Some of these types of bets are: 

Across the board

An across the board bet is three equal Win, Place and Show bets. If the chosen horse finishes the horse racing event in first place, the bettor will win all of the three bets. But, if the chosen horse finishes the horse racing event in second place, the bettor only wins the Place and Show bets. Plus, if the chosen horse finishes the horse racing event in third place, the bettor only wins the Show bet.

Exacta

This type of bet requires the bettor to choose two horses. The two horses need to finish the horse racing event in first and second place respectively, in the exact order you have bet on them to place.

Quinella

This type of bet is also known as an Exacta box bet. Just like with an exacta bet, the bettor will need to choose two horses to finish the horse racing event in first and second place. However, the bettor does not need to choose the order that the two horses will place in

Trifecta

This type of bet is exactly like an Exacta bet, except that the bettor chooses three horses instead of two horses. The three horses that are picked need to finish the horse racing event in first, second, and third places in the order that the bettor has chosen.

Superfecta

This type of bet is also the same as an Exacta bet, except that the bettor will have to pick 4 horses instead of two.

Daily Double

This is a type of betting that can be especially fun because it has the chance to be very rewarding for the bettor. The bettor chooses two horses in two different horse racing events. If both horses win, the bettor wins the bet

Daily Double Variations

These types of bets can be known as pick 3, pick 4, and pick 6 bets. These bets are similar to daily double bets because the bettor chooses horses to win separate horse races. The bettor chooses horses for 3 to 6 consecutive races. If the bettor can manage to win this type of bet, the ultimate pay out can be very high.

Keep in mind, in order to calculate the pay out of your bets, you will need to understand the odds for the horse you are betting on. And, you will need to know the stake that you are placing for that bet. You can use the odds and the stake you are placing to calculate the pay out you would get for placing a winning bet. 

→ Find out in which states can you legally bet on horse racing outside of New Jersey

How to Read a Horse Race Betting Program

If you are going to be engaging in NJ horse racing betting, you will definitely need to understand everything that goes into placing your bets. So, you will really need to understand how to read a horse race betting program. Lucky for you, it is quite easy to understand how to read these types of programs for horse race betting events.

A horse race program is trying to give bettors the most information possible about the horse racing event. This includes information about the participating horses, their jockeys, the past results of the horse racing events, past performances of the jockeys and horses in other horse racing events, and sometimes even more information. Bettors can use the information provided to make the smartest bets possible in NJ horse racing betting.

Name of the horse and the name of the jockey

Of course one of the most important things you will need to know about the horse racing event you are betting on is the names of the horses as well as the jockeys that will be riding them. You will also be able to see if the same jockeys will be riding any of the other horses that will be participating in the event. You will also be able to see if any of the horses come from the same stables and the many stables are famous for having the best horses.

Past Performances

This section of the program is designed to give bettors the information they need about how well the participating horses have performed in previous horse racing events. The most important parts of this section to make note of are the date of the past horse races, the course conditions, the course type, the race restrictions, the final time of the horse race, the type of horse race, the finish position of the horse in question, the number of horses who participated in the horse racing event, and of course, the jockey name from that horse racing event for the specific horse. All of this information should make it easier for bettors to decide if they believe a specific horse will be successful in the current horse racing event. 

NJ Horse Racing Betting - PPs
Being able to read past performances is helpful for NJ horse racing betting. Photo credit: brisnet)

Records

The track record of a specific horse is very important to look into. The record can be extremely important when it comes to places the smartest horse racing bets. The record will contain a lot of information. For one, prospective bettors will be able to see the yearly record of every horse. And, bettors can see the career statistics of each horse as well. Plus, prospective bettors will be able to see details on how well a specific horse has performed on different types of tracks. Sometimes the records section will also give bettors information about how much that specific horse is worth as well as how much the horse has accumulated over time in winnings. But, the absolute most important part of this section is the number of wins that each horse has to its name. Most of the time, a horse that has won consistently can be considered a safer bet, especially if weather conditions as well as the type of track for the current horse race line up with past wins.

Race Type Codes

Because horse racing programs have to provide so much information, sometimes it is necessary to condense some of this information in an easy to understand way. So, that is where you will need to understand Race Type Codes. The typical Race Codes bettors will run into are Stk = Stake, Hcp = Handicap and Shp = Starter Handicap.

Conditions and Symbols

As with Race Type Codes, there are other symbols in the program which bettors will need to understand. The track symbols will help you decide whether you believe a horse will be competitive on the type of track that the event will be taking place on. Common track condition symbols and what they mean are fm = firm, sf = soft, gd = good, hy = heavy, sl = slow, fz = frozen, ft = fast, wf = wet fast, hd = hard, yl = yielding, sy = sloppy, and my = muddy. The weather and track conditions can make a big difference on which horses will perform well. You should look at the records section to see how well each horse has performed in the type of conditions that are present for the horse racing event you will be betting on. The symbols in the Race Restrictions section that you should make note of are R = Restricted, S = State Bred, F = Filly, and 3 Up = Races for horses that are three years old or greater.

What is the difference between NJ horse racing betting in-person versus online?

Now, the most major difference between online horse racing betting and betting at NJ horse racing tracks is of course one you can do from anywhere in the state of New Jersey and the other only at a specific location. So, horse racing betting sites can be a great option for someone who does not have the time to go to a horse race track. Plus, with the best horse racing apps now available in the state, prospective bettors really can place their bets while they are anywhere in the state of New Jersey.

Why Choose Online Horse Betting

There are many reasons to choose online horse betting. For one, there is a larger range of markets that will be available for you to bet on, you will have an easier time doing research on the event and the participants, and you will have better access to a larger range of bet types. Plus there is also the convenience of being able to bet from anywhere, including your home, and the ability to watch live streams of the races on many online racebooks. 

The Biggest Horse Races in the United States

Now, if you are going to get into NJ horse racing betting, you will definitely need to know about the biggest horse racing events that take place each year. Events like the Breeders’ Cup are big in the horse racing community, but the biggest horse racing events are the races that make up the Triple Crown. These horse racing events are The Kentucky Derby, the Preakness Stakes, and the Belmont Stakes. The Belmont Stakes is known as The Test of Champions and will take place in June of 2020. 

Belmont Stakes Betting

When getting into Belmont Stakes betting, you will have the benefit of seeing the results of both the Kentucky Derby as well as the Preakness Stakes. So, you will be able to see how the horses that are competing in the Belmont Stakes have faired in the two other major horse racing events. Plus, if a horse has already won both the Kentucky Derby and the Preakness Stakes, then you will have the excitement of betting on whether the horse will be a Triple Crown winner.

When engaging in Belmont Stakes betting, you will want to make sure you do your research. Look into how the horses that are competing have done in the past races in the current year and the year before. And, look at how the horses have faired in the track conditions and on the track type that the Belmont Stakes will be held on and in.

NJ Horse Racing Betting Sites

As mentioned before, the state of New Jersey has one of the best online gambling markets in the entire United States. So, if you are interested in online horse racing betting, then you are in luck. We will look into some of the best online horse betting sites that are available in the state:

  • BetAmerica
  • TVG
  • 4NJBets
  • Betfair
  • TwinSpires

The above horse racing online betting sites have established themselves as some of the best in the United States. Plus, many of these horse race betting sites also have the best horse betting apps available on the market. So, you should definitely look into the above horse race online betting websites when trying your hand at online horse race betting.

The above sites have promotional offers that make it very easy to create new accounts and place your first bets on the online betting sites. Plus, many of the best online racebooks also offer live streaming options for when you are unable to be physically at the racetrack that is holding the horse racing event you want to bet on. But, you should also keep in mind that many of the major horse racing events that take place each year will also be broadcast live on TV, most likely on cable channels like NBC sports.

NJ Horse Racing Tracks

So, if you think you would prefer to join in on the live action when engaging in NJ horse betting, you can do so in the state of New Jersey. There are three NJ horse racing tracks that you should know about. These tracks are:

  • The Freehold Raceway in Freehold Borough, NJ, established in 1854.
  • The Meadowlands in Oceanport, NJ, established in 1870.
  • Monmouth Park in East Rutherford, NJ, established in 1976

You should be able to place your bets at any of these three horse racing tracks in the state. But, you will, of course, need to be of legal gambling age in order to place any bets at the racetracks as well as online.

NJ Horse Racing Betting Legislation

For those new to NJ horse racing betting, is it legal to bet on horse races in the state of New Jersey? And, if so, is it legal to bet on horse races online and/or in-person? Well, we will look into the answers to both of those questions in this section on NJ horse betting.

Now, you should be relieved to hear that NJ horse betting is perfectly legal in the state of New Jersey. The path to legal NJ horse racing betting began in the year 1978 with the passing of the Interstate Horseracing Act (also known as IHA). The Interstate Horseracing Act legalized betting on horse racing as long as horse race betting was permitted in both the state where the bet was being wagered as well as the state where the horse racing bet was being received. Which means, the Interstate Horseracing Act effectively legalized in-person NJ horse betting.

Now, you are probably wondering about the state of legal NJ online horse betting at this point. Well, I have good news for you, in the year 2000, the Interstate Horseracing Act (IHA) was amended to allow for legal NJ online horse betting. However, the previous stipulations remained in effect – as long as horse race betting was permitted in both the state where the bet was being wagered as well as the state where the horse racing bet was being received. 

Even in the year 2006 when the Unlawful Gambling Act, also know as the UIGEA, was passed, NJ online horse betting and in-person betting remained unchanged. The Unlawful Gambling Act was set to target online poker sites but explicitly made sure to state that laws around NJ horse racing betting would not change. And, now with the rise of legal NJ sports betting both online and in-person, New Jersey residents have more options than ever for their horse racing betting needs.

NJ Horse Racing Betting Conclusion

So, you should know all you need to about NJ horse racing betting after reading this guide. The horse racing betting tips that you have learned will come in handy when you are starting your horse race betting journey. But, the most important thing to remember is that betting should always be fun!

New customers get up to a $300 risk-free bet on a single horse win bet
The $300 Risk Free Bet (“Promotion”) is only open to new TVG account holders in TVG Participating States, age 21+, 4NJBets account holders who are residents of New Jersey, age 18+ and PABets account holders who are legal residents of Pennsylvania, age 21+. Void where prohibited by law. Full T&Cs
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