4/4/2022

Place In Betting

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Place In Betting 3,6/5 5063 votes

Place betting is a popular way of securing long-term profitability in horse racing. The odds are far less but the chances of finishing in the first three are greater. With the right planning, the punter can make.

As we close in on Super Bowl LV, wagering on the big game is the dominant conversation when it comes to the betting industry in the United States. The primary question for US residents, though, is whether or not they live in a place where it’s legal to wager on the game.

Legal sportsbooks of some kind, retail and/or mobile, are currently operating in 20 states (plus Washington, D.C.), and 15 of those states offer statewide online wagering – meaning residents of bordering states without legal options can travel to them to make their bets. Thus, the majority of the US population now has some access to legal betting channels – even if some aren’t the most convenient.

For these purposes, we’ll break down the 50 states into five groups. The groups will divide by how accessible sportsbooks are currently. We’ll start off with the places where you’re just a few taps on your mobile device away from being able to bet on the Super Bowl between the Chiefs and Bucs.

Where legal Super Bowl betting is super easy

  1. Place bet – A bet on a horse to finish first or second. Show bet – A bet on a horse to finish in the money; third or better. In the money – A horse that finishes first, second, or third. Across the board – A bet on.
  2. When place betting you are either backing or laying a selection will or will not finish amongst the top places in a sports event. We explain what place betting is, and how to calculate your payout.

Place means to finish in the top three places. The odds for a place bet are shorter than those for a win bet on the same runner, as it is far more likely the runner will finish inside top three than win. A Win Place and Show bets are the simplest forms of horse racing wagering also known as Straight Bets or Traditional Bets. This type of wager is where most people who have never wagered on horse racing.

Betting

In this class of jurisdictions, you can find both online and retail sportsbooks. Most of the brick-and-mortar books are at casinos, off-track betting sites, racinos, and sports stadiums. While there are some differences from one place to another in terms of how online betting coincides with doing the same in-person, you can do either in all of these places:

Place Betting Staking Plan

There are a few caveats that bettors should be aware of in this list. In Mississippi and Montana, online wagering is only allowable while you’re on casino grounds. In Nevada, you have to visit the retail component of an online sportsbook to register your account before you can place bets online.

Tennessee and Virginia in a class by themselves

In Virginia and Tennessee, the only legal choice is to place wagers online. There are no casinos or racetracks in TN. In VA, there are currently no casinos, although multiple cities approved casino gaming last year. When those facilities open, they will have retail sportsbooks inside of them. For now, online books are the only option.

States with retail sportsbooks only

If you’re in Arkansas, Delaware, New Mexico, or New York, your only options are to visit either commercial or tribal casinos. Online sports betting remains illegal in three of those four states.

While there is some ongoing activity to change that in New York, that isn’t the case in Arkansas and New Mexico. Even in the Empire State, the status quo will remain at least through Super Bowl Sunday 2021. Thus, New Yorkers’ options are to either travel to upstate casinos or cross the borders into either New Jersey or Pennsylvania.

In Delaware, online sports betting is legal but there are no online operators currently accepting wagers. Right now, there is also no movement towards launching any mobile books.

So close, yet so far away

In six states, recent changes to the law have allowed for the legalization of sports betting in some way. All six have some unique circumstances, so it’s best to break them down individually.

  • Louisiana – Last November, voters in almost all of the state’s 64 parishes went to the ballot box and approved sports betting within the borders of those divisions. However, the state still has to draw up regulations for sportsbooks, license operators, and then roll out the product. That won’t happen before Feb. 7.
  • Maryland – Similar to Louisiana, Maryland voters approved sports wagering with their ballots last year but did so statewide. Also just like Louisiana, the state has yet to implement its controls for the activity. Maybe in time for Super Bowl LVI in 2022, MD sportsbooks will be up and running.
  • North Carolina – It’s been months since the state legislature approved a change to gaming compacts with tribal casino operators to allow them to run sportsbooks. However, none of the NC casinos have yet to actually start taking bets, and when that might begin still lacks a firm date.
  • North Dakota – Tribal casinos in the state have the green light to start taking bets anytime they’re ready to do so. When that will happen remains a mystery.
  • South Dakota – Add this to the list of states where voters said yes to sports betting last year. Right now, it looks like legal wagering will be confined to Deadwood casinos. There’s still a lot of work for the SD legislature to get done on this.
  • Washington – Like in NC and ND, tribal casino operators already have clearance to offer sports betting. Just like in those states, they haven’t yet opened their sportsbooks. This state bears watching because recent legislation might open the market up to online wagering as well.

There’s another group of states working to get on the same level as those in this group. It isn’t a foregone conclusion in any of them, however. In fact, in some of them, the efforts seem doomed from the start.

Legislative pushes currently ongoing

One state where legalization seems likely this year is Connecticut. It looks like all the stakeholders and legislative partners are on board with the general idea and it’s just a matter of working out the details. Other places where there are legislative initiatives toward the same end, with varying degrees of probable success this year, are:

Our final group is the rest of the country, where residents shouldn’t expect to see legal sportsbooks anytime in the near future. Not only are they illegal, but there is currently no real momentum to change that situation.

Where sports betting is a pipe dream right now

In all of these states, you have a better shot at winning a lottery jackpot than you do of placing a bet at a legal sportsbook anytime in the next couple of years.

This is a comprehensive look at where Super Bowl betting is legal before the big game in 2021. Hopefully, by the time two NFL teams meet up to decide Super Bowl LVI, some of the states will move up these lists.

State-by-state list

Here is a state-by-state list of where things currently stand when it comes to whether or not you can legally bet on sports.

Horse Racing Place Betting Strategy

StateOnlineRetail
AlabamaNoNo
AlaskaNoNo
ArizonaNoNo
ArkansasNoYes
CaliforniaNoNo
ColoradoYesYes
ConnecticutNoNo
DelawareNoYes
FloridaNoNo
GeorgiaNoNo
HawaiiNoNo
IdahoNoNo
IllinoisYesYes
IndianaYesYes
IowaYesYes
KansasNoNo
KentuckyNoNo
LouisianaNoNo
MaineNoNo
MarylandNoNo
MassachusettsNoNo
MichiganYesYes
MinnesotaNoNo
MississippiYesYes
MissouriNoNo
MontanaYesYes
NebraskaNoNo
NevadaYesYes
New HampshireYesYes
New JerseyYesYes
New MexicoNoYes
New YorkNoYes
North CarolinaNoNo
North DakotaNoNo
OhioNoNo
OklahomaNoNo
OregonYesYes
PennsylvaniaYesYes
Rhode IslandYesYes
South CarolinaNoNo
South DakotaNoNo
TennesseeYesNo
TexasNoNo
UtahNoNo
VermontNoNo
VirginiaYesNo
WashingtonNoNo
West VirginiaYesYes
WisconsinNoNo
WyomingNoNo