How Does Betting on Horses Work at Bovada?

Perhaps you’ve heard of Bovada, the “global gaming company,” or maybe you’ve even visited their site even though you’re not a day trader or a sportsbook reader?

Nope, it’s probably not the first website you’ve visited today. But maybe it is now. You see, Bovada is a gambling company that also offers horse-racing betting and a variety of other casino games.

While it might seem like a stretch, Bovada actually operates as a combination of a gambling company and a bookmaker. This means that, at Bovada, you not only have the ability to wager on sports and other events, but you can also utilize their betting exchange to place bets on nearly any sporting event or horse race, anywhere in the world. And the best part is that you can do all of this from the convenience of your home computer or mobile device.

The Math Behind the Matting

As a pretty savvy sports fan, you’ll no doubt be aware that the majority of sportsbooks are operated by companies that take a cut of your earnings, whether you win or lose. You’ll also know that in many cases, this cut can reach 30% or more. This isn’t a great deal if you’re just looking for entertainment, but if you’re hoping to make money from your skills, it’s something to consider.

While you might think that the various fees and taxes that you have to pay would make gambling unprofitable, this is not the case. The reason is that gambling companies like Bovada make their money from multiple sources, including:

  • Cutting and clearing the bets;
  • Taking a cut of your winning;
  • Taking a cut of your losing; and
  • Managing your money, collecting it when you win, and making sure you don’t get robbed by scammers (fraudsters).

The net result is that even if you lose your entire bankroll numerous times in a row, you’ll still end up making money. And with the ability to place bets from anywhere in the world, you can even participate in gambling activities when it’s convenient for you.

Making Money With Bovada

If you’re looking for a good alternative to regular sports betting, especially if you live in the United States, you might want to give Bovada a try.

And what makes Bovada such a great option is that, for the most part, you can make good money from virtually any sport or event you choose, as long as you understand the basics of taking a betting slip and following the right procedure. Essentially, if you want to make money betting on horses, you can do so without too much effort when you’re following the steps discussed below.

Sign Up With Bovada

In order to open an account at Bovada, you’ll need to first visit their website and click the green button labeled “Open Account.”

While it might seem like a pain to have to enter your credit card information all over again, the fact is that Bovada will safeguard your personal information with the utmost care. To learn more, click here.

Make Your First Deposit

After you’ve opened an account with Bovada, you’ll have to make your first deposit. This will be an easy process as the site will walk you through the steps. To start, click the green button labeled “Deposit Funds.”

Your next step will be to select the currency you’d like to use from the drop-down menu. Since you’ve already established a credit card with the site, you can use that to make your deposit. Just make sure that the currency you choose is one that is accepted by the site, otherwise, you might find yourself in fraudulent activity.

Bet On Your Favorite Horse Races

After you’ve made your first deposit, you’ll be able to bet on your favorite horse races. To do this, you’ll need to visit the “Horses” tab and click the green button labeled “Choose Your Favorite Horse Races.”

This will open a search window where you can type in the name of any horse race, along with the other optional criteria that you’d like to include, like jockey, track, and date. When you’ve found the race you want to bet on, you can click the green button to place your bet. You can also use the search window to place bets on any other sport, as Bovada offers betting on a variety of games, including but not limited to:

  • Greyhound racing;
  • Racing car auctions;
  • Triple Crown horse races (The Kentucky Derby, The Preakness Stakes, and The Belmont Stakes);
  • The Super Bowl;
  • The World Series; and
  • NHL hockey.

Checkout When You’re Ready

After you’ve placed your bets on your favorite horse races, you can check your earnings from all the wagering. To do this, simply return to the “Horses” tab and click the green button labeled “Check Out.”

From here, you can review your betting activity for the day or for the month. You can also click the green button to request a payout, should you meet the required conditions. All of this can be handled easily and efficiently, without needing to contact the site by phone or email. You can also get all of your casino activity, including win and loss summaries, from here as well. So, not only does Bovada offer a fantastic opportunity to bet on sports, but they also keep all of your personal information secure, which is a big plus.

Making Money With Bovada

As a rule of thumb, if you’re planning on making money from home, it’s always a good idea to get all of your winnings, should you meet the required conditions. Some sportsbooks will only give you your winnings on a winning day. While this might be acceptable in a contest where you’ve got a limited number of opportunities to win, it’s certainly not ideal when you’re aiming for consistent wins.

So, if you’re looking to make a steady stream of income from home, or if you just want to test the waters of online betting and aren’t sure what type of results to expect, Bovada is an excellent choice. As we’ve already discussed, this is a combination of a gambling company and a bookmaker, which gives you the best of both worlds. And for the record, Bovada also allows US online bettors.

At the moment, Bovada is offering a 60-day money-back guarantee, which should give you enough time to see how the platform operates and how the betting lines are for the most popular horse races. And if you’re new to online betting and looking for a safe and trustworthy place to put your faith, why not give Bovada a chance? They’ve got you covered with a 110% money-back guarantee if you go through an intermediary, like ClickBank.