Founded in 2007 as a subsidiary of Churchill Downs Incorporated, TwinSpires.com has established itself as the leader in online wagering for horse racing in the United States. Following the regulation and legalization of online sports betting by many states in recent years, TwinSpires now is on course to provide the same elite experience for our players looking to wager on professional and collegiate sports.
Current promotional offers from TwinSpires Sports
It’s Mid-March which means it’s time for Madness in NCAA basketball. Join the party as the nation’s top 68 teams battle it out to become this year’s champion. If you live in Michigan or Tennessee, take advantage of this incredible offer for new users:
Check out the full details of this promo, along with all terms and conditions by clicking the links below:
If you’re in a position to take advantage of this ultimate odds boost from TwinSpires Sports, congratulations. The odds of ANY team scoring over 50 points in the 1st round is very, very (did we say “very” yet?) good. Consider that according to Business Insider, the average score of an NCAA Tournament final since 1990 is 77-68. With 32 games in Round 1, the math is most definitely in your favor with this wager.
How are Sports and Horse Racing related?
Similarities between horse racing and sports betting
Horse racing and sports betting have their own intricacies, but similarities exist between the dimensions.
Key to note: Horse Racing is pari-mutuel vs Sports betting is playing against books and their odds for matchups. (Calculation margin of -110 etc.) … how much money/juice
In horse racing, odds are listed to lower denominations. For example, a 5-1 shot yields $5 profit for every $2 wagered.
Other examples include 5-2 ($5 for every $2 wagered) and 4-5 ($4 for every $5 wagered). The final odds are not set until wagering closes.
If the actual odds are 5.20-1, the $2 win mutuel in horse racing returns $12.40 ($10.40 profit plus the $2 wagered).
In sports, odds are typically listed to $100 denominations. If Dustin Johnson is listed at +500 to win the Masters, bettors are receiving 5-1 odds ($500 profit for every $100 wagered).
The odds are final when the wager is accepted. In head-to-head team sports matchups, the point spread will determine which team wins, loses or draws. Along with the point spread, each team will have an individual price.
If Baltimore and Buffalo are playing, both teams may be listed at -110. Bettors must wager $110 to win $100. Baltimore could be -115 (wager $115 to win $100) and Buffalo -105. The individual odds provide the takeout, aka “juice,” for bet takers.
The takeout is generally 10%, but bigger fluctuations may follow a different scale. For example, if Baltimore is listed at -150 to cover the first quarter point spread, Buffalo may be +120.
Multi-race bets/Parlay wagers
Multiple-race wagers in horse racing include the daily double (must pick the winner of two races), Pick 3 (three races), Pick 4, Pick 5 and Pick 6. While more challenging, these bets are appealing because they yield higher payouts than straight win wagers. The returns can often be lucrative.
The pari-mutuel system determines payouts in horse racing – the amount bet upon each combination after takeout when wagering closes. In sports betting, parlays incorporate the same concept – bigger payouts than individual straight wagers. But unlike horse betting, the payout is known when the wagered is placed in sports.
Bettors can play two-team or 10-team parlays. Odds are based upon the number involved – two-team parlays may return 2.60-1 odds, three-team at 6-1, and five-team at 22-1 – and payouts can fluctuate based upon individual team prices (-110 etc.)
Horses for courses is a common phrase in horse racing – some horses perform better at some venues than others. The same applies to distances, surfaces and, conditions. Horse players can rely on a wealth of statistical information in past performances to identify vulnerable favorites, value horses, and hot connections.
Sports betting can involve the same concept – some teams perform better than others following a bye week, the second of back-to-back road games, and the week before primetime games.
Whether horse racing or sports betting, identifying angles can provide an edge to profitability.
There are seasons in horse racing and sports betting. And the participants have peaks and valleys they endure every season. Identifying these cycles are important. Present form matters. Horses are either improving, declining or holding form. The same applies to sports betting. Improving horses and teams can outperform expectations. Horses and teams in declining form are often vulnerable.
In Which States Can I Bet On Sports With TwinSpires?
If you are physically present in any of the following states, you can now bet on professional and collegiate sports with TwinSpires:
States with TwinSpires coming soon…
States with BetAmerica currently available and TwinSpires coming soon…
If your state isn’t yet listed above, stay tuned as pending legislation is opening the doors for more and more legalized & regulated sports betting around the country.