If you want to know how to make money from horse racing, how to get started and the best companies that really pay, you will definitely find this article helpful.
It reveals a lot about how making money on horse racing works and reveals the very best companies that pay or help you get paid.
Can You Make Money Horse Racing?
Yes, you can.
It’s important to understand a few things with horse racing, though, such as:
Firstly, below is the Best Company to Earn $5 to $50 Daily:
SurveyJunkie (only USA, Canada, Australia residents allowed). You can earn $5 to $50 per day. They have already paid million of dollars to their 10+ million members just for sharing their thoughts and opinions. Click here to join SurveyJunkie for FREE
- You’re betting with a handicap
- You need to be consistent
- You need to manage your money carefully
Horse racing also has different ways for you to make money, which we’ll get into in the next section, but being smart about where you invest your money is very important.
Otherwise, you’re not going to win.
Horse racing is something that can make you some good money if you know what you’re doing.
The problem is, a lot of people don’t know how to do this correctly, which is why they leave before profits generate.
Keep reading to learn the ways to make money on horse racing and the very best companies that’ll pay you or help you get paid.
How to Make Money From Horse Racing
1. Make Money Betting on Horses
Betting on horses is definitely a way to do it, but it’s not really that easy.
Horse race betting is different from normal casino betting since you’re not betting against the house, it’s against people.
You don’t bet on every single race, but instead, you pick the right horses, jockeys, and of course, how well that horse may win on the field and any history behind this.
You may not win every single time.
It’s also important to understand that you can do this both online and offline, depending on your needs.
If you can’t get out to the track, there is smart horse betting, but not every track and horse offers this.
A good way to learn how to get into horse betting is Betmix, which offers free bets and handicaps for you to learn how to bet on horses.
2. Make Money Breeding Horses
If you already have horses, you can certainly breed them.
If they end up being a show horse, they can earn you some serious money, and you may also offer stud fees to help develop a pedigree of horses that can be winners.
Another option is buying, and reselling horses, too, oftentimes called Pinhooking.
This is usually when they buy young horses, race them, and then resell them, which can make some money.
But again, this takes some time to develop if you don’t’ already have the means to own a horse already.
Of course, if you’re someone who wants to do this, go for it, but not everyone wants to make money through horse breeding, so usually, betting is the better option.
But you can check out Castleton Farms to learn more about competitive horses and what it takes to breed a successful horse.
10 Best Horse Racing Companies That Pay or Help You Get Paid
Most people will just opt for betting on horses since it’s usually the best way to make money.
Sometimes it’s best to just go to the track, but you can also bet with companies that help you get paid for horse racing, and here is how.
BetUS is a sports betting app that offers live betting during the event, including horse and sports betting, and you will get paid right away every single time.
They offer a 125% sign-up bonus for up to $2500 if you use the code there, and you can even bet on other sports too, such as pro football, along with horse racing.
TVG ranks as one of the best horse race sites for betting in the US, and it has a major following.
They have an online horse betting app that’s there, which offers a lot of different horse racing options for people.
Online horse racing is possible in many states, but in NJ, it’s called 4NJBets, and in PA, it’s called PA Bets
The T&C may apply if you haven’t looked into it already, and they do offer a $300 risk-free bet for anyone looking to try starting horse racing and betting apps.
Bovada comes with a $250 welcome bonus that does specifically horse racing bets, along with poker and live dealer, along with regular sports betting.
You can even use bitcoin on this site, so if you want to make money with horse racing, this is a great way to start.
It does come with odds you can look at, the futures, and even fixed odds if you’re not sure what to choose.
They also highlight the next five races, and the potential horses that’ll be in it, so you can make money racing them.
BetOnline is another site that does sports betting and other types of betting.
You get bonuses for every deposit, along with sports betting bonuses. They do offer high limits, and fast payouts, along with early odds opening.
You can get a 50% bonus of up to $1000 just for joining, so if you want to bet high and win big, this is a great site to do just that.
BUSR is a reputable horse racing casino that lets you make money with secure bets.
They do offer 200+ different racetracks with Visa, MasterCard, and even cryptocurrency accepted and cashed out.
They have the quickest payouts of all of the horse racing sites out there, so if you win big, you’ll get your money fast.
You can also try out this on your device and your tablet if you’re looking to be away from the track and want to make some serious cash.
This is another horse racing company that focuses specifically on just horse racing, so it may be limited.
It’s not really the best if you want to try other types of racing, including virtual derby, or even greyhound racing, but it definitely is a good ne if you want to try reliable horse betting
New customers do get $10 immediately just for signing up, and a $1000 betting bonus, so you’ll be able to bet high and win big easily right away.
Some people have chances to win big, sometimes over $20,000 on this site, so it is a place that has good bets, and it’s pretty simple to sign up for.
Twinspires is an online racebook and is most notable for being one of the best horse betting places.
They’re an official partner with the Kentucky Derby., so you can win big with some of the horses they offer.
They do have a VIP horse betting program where you get bonuses if you do bet often.
The site does offer a large gamut of races to wager on, and it isn’t even just at the Kentucky Derby but also around the world too.
So if you want to make money with horse racing outside the US, they do offer that.
It is available to many different players in various states.
They show you featured races, and also all of the races happening too.
Plus, for signing up, you get a $200 sign-up bonus, so it’s pretty good all-around if you want to make some cash and to do so really fast.
Another site with a large sign-up bonus, AmWager, is a great one if you’re looking for quality horse betting online.
It is built by and for the players, so it gives you exactly what you want out of horse betting.
The design is minimalistic, so you don’t need to click too much in order to place a bet.
It’s pretty good if you’re looking for a high-quality sign-up bonus while also being given a wide variety of different options if you’re looking to try horse racing for the first time.
9. Nyra Bets
Nyra Bets is another horse betting focused site that offers a lot of great benefits and offers.
It does offer a free $25 play, along with a first deposit match bonus of $250, so you’ll be able to win decently.
But not just that, they also offer contests as well, to get you to earn more money and cash prizes while watching the track.
They also come with various promotions if you’re interested in more than just mere contests as well.
Also, as an incentive, they do offer a $10 bonus if the horse you bet on comes in second, so you’ll get rewarded even if you lose a bet or two in the process!
They offer an on-track and online app as well to help you wager at any point.
They do bet on world-class races, along with favorited tracks as well, and are available for users in over 30 states, so there’s a lot to choose from when it comes to this online betting site.
This is a horse betting site that offers a newcomer bonus of 100% match deposit bonus up to 100 dollars.
While this is a little bit lower than the others, which offer more bonuses, you still get a pretty decent amount.
They also do reward people with extra bonuses if they do put more than $100 into this.
The interface is pretty simple, so it isn’t very intricate to go through.
But all of the races are right there, along with some official featured races for you to check out.
That way, you can choose the horse racing bets you’d like to make and also get a feel for what will give you the best rewards.
Ways To Make Money on Horse Racing FAQs
Where Is the Money in Racing Horses?
For the most part, it’s on betting horses, unless you want to raise horses.
If you choose to raise and breed horses, you are nee the following:
- Ample space
- The funds to do it
- An understanding of what it takes to breed horses
The best way to get a feeling for that is to work with a breeder, but otherwise, horse betting is where most of the money is and the best place to look for ways to make money racing horses.
How Can I Choose a Site to Bet on Horse Racing?
It’s good to look at whether they can legally operate in your area and if they offer customer bonuses that fit your lifestyle.
You may also want to check if they have an app or do live streaming and also if they have horse racing content that helps newbies understand.
Overall, choosing one which fits your lifestyle is ultimately the best.
Which Is Better, Making Money at the Track or Online?
It ultimately depends on the convenience of the track to you.
Some people live nearby and can make it to the races, so you’ll be right there in action in order to see if your horse will win.
But online horse racing is convenient and secure since they offer online payment which can be tracked.
It also is good if you’re too far from where the betting occurs since you can either watch the track and the event itself or just watch the results on the app.
Is Horse Racing a Real Popular Sport?
It is, and in the US, there is still a horse racing market still.
However, it is definitely not as popular in terms of sports betting, which means that there might be more chances for big money, but also more chances for there to be more competition.
Overall, the best way to choose whether to bet on a horse race or not is to look at the app, see what your odds are, and from there, if it works, you can bet.
There are still plenty of horse races for you to bet on and to make money.
When it comes to horse racing, there aren’t a ton of options for you to make money.
Sure, you can do horse breeding and reselling, but that takes time and effort to make money.
The best way to make money in horse racing is to do betting, but you need to choose the right app that fits you.