Horse Wagering Rules Help Keep Betting Fun
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America has always had a tempestuous relationship with horse race betting, stemming mainly from legality issues. So when the current pari-mutuel betting system was finally legalized in America in 1933, stringent horse wagering rules were put into place to make sure that this enjoyable pastime would not be sullied by overt criminal activity. These regulations continue to be used today, protecting the rights of both race organizers and bettors alike. Online horse racing betting service providers such as TVG.com abide strictly by these rules – and implement a few of their own as well – in order to continually provide the best services to their clients.
An online betting service such as TVG is are bound by the laws that govern horse racing and wagering in the home states of the races they are accepting wagers on. From time to time, TVG also operates separate wagering pools when these can’t be commingled with the host tracks’ pools, in which case the separate pools are under the rules and regulations of the Oregon Racing Commission.
TVG’s horse wagering rules also require that bettors be at least 21 years of age for United States citizens or resident aliens, living in a state where wagering services are available (and legal). Horseplayers can bet up to $9,999 per wager, subject to the host race track’s restrictions.
It’s also important to note that TVG.com considers wagers final when a confirmation is received from their totalizator service provider and the wager is commingled with the host or separate pool. So if your bet doesn’t make it to the pool, it gets refunded.
Host race track regulations are individualized, so bettors would do well to check them independently as well. But in the case of TVG.com itself, horseplayers can rest assured that they will be getting the finest and fairest service that they can, thanks to TVG’s strict implementation of their horse wagering rules and regulations. Learn more by visiting TVG.com.
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admin @ March 27, 2009