Wisconsin Horse Racing Betting – The Best Racebooks in Wisconsin 2023 Compared

If you want to bet on a horse race in Wisconsin, you will need to do it at an offshore sportsbook. There are two reasons for this. Firstly, there are no horse racing tracks or track betting facilities anywhere in the state; second, the current gambling laws prohibit locally-regulated online sportsbooks from operating in Wisconsin.

More than 80% of the national handle from sports betting comes from online/mobile bets. Time and again, it has been proven that a sports betting market can’t reach its full potential without mobile betting as an option.

Since local online betting sites are not available yet, horse racing betting fans in Wisconsin have been turning to offshore options for decades.

Several factors have led players to choose offshore options besides the fact that the local government is dragging its feet when it comes to making mobile sports betting legal. In this guide, we will highlight the major differences between offshore and regulated sports betting sites.

Our betting experts have signed up for accounts and went through the user experience to give you feedback as to what the best horse racing site in Wisconsin is.

Best Sportsbooks in Wisconsin for 2023

Wisconsin Betting Guides

We recommend checking out our in-depth reviews for each of the top gambling sites in Wisconsin or checking out one of our other online betting guides for Wisconsin’s gambling markets.

Top 10 Horse Racing Betting Sites in Wisconsin Ranked

 Here are the top ten sites for horse racing betting according to our experts:

  1. Bookmaker – Pros and recreational players welcome
  2. Heritage Sports – Top-level service for horse bettors
  3. Bovada – Racebook has fantastic incentives for horse bettors
  4. BetOnline – Competitive odds on all offerings
  5. BetAnySports – Sportsbook has reduced juice
  6. BetUS – Race previews available on site
  7. WagerWeb – Crypto-friendly racebook
  8. JustBet – Fixed odds on big-name races
  9. Everygame – Racebook has good variety
  10. SportsBetting– Fixed-odds markets and higher limits available

All ten of these sites are located in offshore markets. They all offer several services under one roof, which makes things a lot easier for you. Instead of having to open a separate account for sports, casino, poker and horse racing, with all ten of these recommended sites, you can get access to a multitude of gambling services with just one account.

All of these sites are located outside the U.S., which means they do not fall under state and Federal jurisdiction. These sites have been providing Wisconsin horse bettors with elite gambling offerings for years.

Reviewing the Best Wisconsin Horse Racing Betting Sites

Below you can find the five best sportsbooks with horse racing platforms available in Wisconsin.

1. Bookmaker: Racebook Has Great Deals

Bookmaker.eu Racebook

As one of the best-known names in the online gambling world, Bookmaker.eu has the sort of reputation you expect of a company that has been in the space for decades. After all, you won’t last as an offshore sportsbook for that long unless your reputation is impeccable. 

They offer sports, casino and of course horse racing, all in one single account. One of the best deals available at the racebook is the 3% discount for win, place and show bets. Another is the 8% discount they offer on exotic bets. 

On top of the savings you get with the racebook, if you are looking to bet on sports, you’ll get deposit-related bonuses there as well. You’ll also enjoy some of the industry’s most competitive pricing since Bookmaker is known to release their odds earlier than most competitors. You will truly enjoy an all-around gambling experience from the racetrack all the way to your favorite team.

Pros:

  • Racebook specific rebates available
  • Loyalty program available
  • Early odds get you access to best prices

Cons:

  • Historic race track information is not always available.
  • Some tracks don’t qualify for rebate 

2. Heritage Sports: Full Track Odds A Great Feature

Heritage Sports Racebook

For those unfamiliar with what reduced juice is, you need to understand the concept of juice in the industry. There are two types of wagers you can make, moneyline bets and spread bets. In horse racing, there are no spread bets, so all wagers appear in the form of moneyline (American odds) or fractional. For the two most popular leagues to bet on in the U.S., the NFL and NBA, betting on the spread is more popular.

For sports like horse racing, baseball, hockey, soccer and UFC, moneyline bets are most common. On the spread sports, you are charged -110 as the price for your wager, and that price is industry standard. This is where Heritage Sports stands out as they offer spreads at -108, which is 20% cheaper than most of their competition. That means that while playing at Heritage Sports, you will get to make more bets because you are paying less. 

When you bet on horses, you will be getting paid at full track odds, which again, is not the standard. Some horse racing sites in Wisconsin use adjusted track odds which are not usually close to the track odds. All of these little things amount to big savings, and this is why Heritage Sports is so popular among horse racing bettors in Wisconsin.

Pros:

  • Full track odds available
  • Mobile offering makes horse betting easy
  • Reduced juice cashback promo
  • Daily Doubles are available

Cons:

  • No bonuses that are specifically for horse racing
  • Lower limits than some competitors

3. BetOnline: Get Fixed Odds on Important Races

BetOnline racebook

We’ve established in this guide that most horse racing in Wisconsin is paid based on pari-mutuel betting. This can be foreign to a lot of inexperienced horse bettors who only have sports betting experience. In most other forms of gambling, including poker and casino games, you know the odds before you play. 

BetOnline has a lot of Wisconsin horse bettors as customers and one of the things they enjoy the most is the fixed odds on big races. In fact, BetOnline offers fixed odds on both the Breeder’s Cup as well as the Triple Crown, which is the biggest event in the business.

If you are just getting started with horse racing betting, BetOnline has a particular promo that entitles you to a one-time risk-free $25 wager.

Pros:

  • Get access to fixed odds for the industry’s biggest events
  • Save money on certain types of wagers at the track like exotics
  • Specific raecbook promos

Cons:

  • Racebook does not offer welcome bonus

4. Bovada: Known for Great Betting Options

Bovada Racebook

Another brand with all-around offerings, Bovada is known for being one of the most innovative online betting sites. They offer all gambling services under one roof and they do it at an elite level.

One example of that is their poker room, which is known as one of the busiest in the country. The reason that’s so impressive is their reputation was built on their sportsbook offering, yet they still manage to be a leader in another space in the gambling world. 

That is a testament to the quality of all of their offerings, which is why you shouldn’t be surprised it’s one of the top online horse racing betting sites in Wisconsin. Bovada does have a welcome bonus for horse racing bettors as well. Just make sure, as always, that you review the terms and conditions carefully before claiming any bonus.

Pros:

  • Welcome bonus available for horse racing
  • Access to one of the country’s busiest poker rooms
  • Virtual races available

Cons:

  • Early odds not always available
  • No live streaming of horse races

5. BetAnySports: Racebook Discounts a Favorite of Wisconsin Bettors

BetAnySports homepage

While racebooks discounts don’t seem as glamorous as straight-up bonuses, in the long run, they are probably more valuable. With bonuses, you can’t cash out until you risk a certain amount, which is far from a guarantee. Essentially, the purpose of bonus money is to give you more action than you would otherwise be able to get with just the funds you deposited. 

Racebook discounts mean you spend less money. At BetAnySports you get different racebook promos, including a 3% discount on straight bets and 6% on exotics. BetAnySports also offers a more traditional bonus for those of you that prefer that in the form of a 25% bonus with a maximum deposit of $2000. Whatever your preference, you’ll see that just like the other Wisconsin bettors that have accounts there, BetAnySports has something that will appeal to you.

Pros:

  • Both racebook discounts and traditional bonuses available
  • Racebook rebates for straight bets and exotics
  • Reduced juice and fast payouts

Cons:

  • Website interface is outdated compared to some competitors. 

Comparing the Best Horse Racing Sites for Wisconsin 

Below you can quickly compare the top gambling sites in Wisconsin:

SportsbookRatingOnline SincePayment MethodsRead Review
BookmakerA+1996Credit Card, Bitcoin, P2P, CryptoBookmaker Review
Heritage SportsA+2001Credit Card, Bitcoin, Cashiers Check, Bank Transfer, P2PHeritage Sports Review
BovadaA+2011Credit Card, BitcoinBovada Review
BetOnlineA+2001Credit Card, Bitcoin, Crypto, Cashiers Check, Bank Transfer P2P,BetOnline Review
BetAnySportsA+2002Credit Card, Bitcoin, Electronic CheckBetAnySports Review
BetUSA2000Credit Card, Bitcoin, Bank Transfer, P2PBetUS Review
WagerWebA1994Credit Card, Bitcoin, Cashiers Check, Bank Transfer, P2PWagerWeb Review
JustBetA2000Credit Card, Bitcoin, P2P, CryptoJustBet Review
EverygameA1996Credit Card, Bitcoin, Skrill, Neteller, Bank Transfer, P2PEverygame Review
SportsBettingA2002Credit Card, Bitcoin, Crypto, Cashiers Check, Bank Transfer P2P,SportsBetting Review

As you can see, our industry experts have given Bookmaker, Heritage Sports, Bovada, BetOnline and BetAnySports each an A+ rating. Next, we will cover some of the key features that each of the top horse racing sites has in common:

Fixed Odds in Horse Racing

Horse racing betting sites in Wisconsin will offer pari-mutuel odds. 

The only time you are likely to find fixed odds is for future bets and big events like the Triple Crown.

Betting Markets in Horse Racing

Due to the fact that most sites that provide horse racing use a similar provider, the betting markets are relatively the same. The one major difference might be the exotic bets they offer as well as the tracks that you have access to. 

Bonuses in Horse Racing

The truth about horse racing promotions and bonuses is that they are only good for players that want to play for extended periods. The norm for horse bettors is to go to a track, make their bets and cash out whatever winnings they have.

Leaving money in your account might be a foreign concept if you do not have much experience with online betting. If you prefer to cash out your winnings immediately, then bonuses are not designed for your playing style.

We recommend bonuses for players that plan on playing long-term or, better said, not cashing out every time they make a profit. Bonuses offered by online sportsbooks come with cashout restrictions. You should always speak to a customer service agent about bonuses and their requirements before claiming one.

Common Tools for Horse Racing

In the horse racing industry, there are tools that can be found online that will provide you with historical data. This data is available on the horses, the track as well as the jockey, and much more.

Welcome Bonus in Horse Racing

Some sites will offer a welcome bonus for horse bettors, but before you accept one, you need to decide how often you plan on cashing out. 

This one decision determines whether or not a welcome bonus is worth it. In fact, it applies to all bonuses of any kind. If you want to cash out at any time, then bonuses are not for you. If you plan on playing for long stretches before asking for a payout, then bonuses can be a great way to start off with more betting power. 

Please do not claim any bonus until you’ve read and understood the terms and conditions that apply to required play though, maximum cashouts and possible restrictions on bet types. If you need additional help understanding this, we suggest reaching out to the customer service team. 

User Experience at Betting Sites

Most of the sites that offer horse racing in Wisconsin use the same provider, which means a very similar look and feel between brands. Therefore, each brand has to work hard to separate itself from the crowd.

The reason that offshore sportsbooks are so popular with Wisconsin bettors is that they offer a unique user experience. These sites offer horse racing, sports, casinos and poker rooms. These are all very different types of customers and require a very strong overall understanding of the gambling industry. These sites offer superior service because their employees are required to have a strong overall product knowledge.

Live Streaming of Horse Races

This isn’t available at every site, but BetOnline does offer live streams on the top races in the industry. Wisconsin players really enjoy catching the action live from the track.

Best Betting Sites for Horse Racing in Wisconsin

Below are the rating criteria used by our betting experts when making this list. These are things that you should be considering when choosing what Wisconsin horse racing betting site is right for you.

Brand Prestige

We have reviews on over 100+ offshore sportsbooks that offer various types of gambling services. Although we’ve limited this guide to 10 choices, all of them have an A+ grade in our rankings. You can only achieve such a rating based on years of excellence which earns you that reputation and prestige. 

Deposits and Withdrawals

Any online betting site with limited deposit options is not worth your time. They should at least have credit cards, cryptocurrency and person-to-person transactions. For larger amounts, you can also use bank wires in some cases.

In terms of withdrawals, the options are usually more limited, but cryptocurrency and bank wire/transfer should be the bare minimum option. Person-to-person transactions are also common banking methods as well. 

Safety & Security

Cyber security is an increasing concern in this digital age and online betting sites have been at the forefront of this. Their ability to protect your personal information is directly related to their reputation and is something they take great pride in protecting and maintaining. 

Online Interface

This is important in the sense that if the online interface is difficult to navigate, that will directly affect your ability to enjoy the betting journey. With horse racing betting being time sensitive, a user-friendly interface is very important.

Customer Support

While 24-hour customer service is ideal, it doesn’t necessarily mean that you’re receiving quality support. While the majority of the recommended sites in this guide do have 24/7 customer service, the ones that don’t, still meet our betting experts’ very high standards.

Overall Value on Offer

Here is a checklist that will help you determine the value on offer:

  • Do they offer races at tracks I like?
  • Do they offer international races?
  • Can I livestream major events like the Belmont Stakes?
  • What is the size of their market?
  • Are there bonuses for horse racing specifically?
  • Do they offer promos or bonus codes for specific events?

Is horse racing betting legal in the state of Wisconsin?

Horse racing and online gambling have not been legalized as of yet in Wisconsin. Horse racing bettors in Wisconsin can use offshore sportsbooks to bet on tracks from all over the country.

Betting on Horse Races in Wisconsin

There are no live horse racing tracks in Wisconsin. Wisconsin horse bettors can sign up for an account at an offshore site where they will have access to tracks from around the world.

How does horse racing betting work in Wisconsin?

There is no horse racing available in Wisconsin, therefore the only option is online. Most online betting sites pay on a pari-mutuel basis. This is the opposite of fixed odds, which are available before the event.

Betting Odds in Horse Racing

Most horse racing odds are displayed in either fractional or American odds. Below we’ve gone over examples of each so you have a better understanding of the odds being displayed.

Fixed Odds for Horse Racing Betting in Wisconsin

Fixed odds that are displayed in the American format have a minus sign in front of them for a favorite, and a plus sign for an underdog. Another way to look at it is if the odds start with a minus sign, you will risk more than you will profit. If the odds have a plus sign, your profit will be bigger than your risk amount.

  • If your odds are +300, a $100 bet would earn you a profit of $300
  • If the odds are -300, a $100 bet would earn you a profit of $33

An example of fractional odds and their payouts:

  • If your odds are ¼, a $100 bet will earn you a profit of $25
  • If your odds are 4/1, a $100 bet will earn you a profit of $400

When you make a bet and win, you get the profit + the risk amount put in your balance.

Pari-Mutuel Betting

This is how most horse races are paid out. The money is pooled together and then divided among the winning bettors after the track takes their cuts.

Some tracks will have what is called a tote board that displays payouts for the market.

An example of that is the tote board for the 2022 Kentucky Derby:

  • A $2 win bet on Rich Strike paid $163.60
  • A $2 place on Rich Strike paid $74.20 and a $2 show paid $29.40
  • A $2 place on Epicenter paid $7.40 and a $2 show paid $5.20
  • A $2 show on Zandon paid $5.60
  • A $1 exacta paid $2,050.60
  • A $0.50 trifecta paid $7,435.35
  • A $1 superfecta paid $321,500.10

Wisconsin Horse Races and Pool Betting

Pool betting refers to the same concept as pari-mutuel betting. This is just another term that may be used in its place.

Types of Horse Racing Bets in Wisconsin

Below we explain the common types of bets used in horse race betting:

Win

A bet on a horse to win the race (finish in 1st)

Place

A bet on a horse to finish 1st or 2nd

Show

A bet on a horse to finish 1st, 2nd or 3rd

Exacta

An exotic bet where you need two horses to finish in the exact order you choose in a single race. Unlike win or place, the order does matter, which is why these bets pay more if you win.

Trifecta

Similar to an exacta with the difference being three horses instead of two.

Superfecta

Similar to an exacta and trifecta with the difference being it involves picking four horses.

Daily Double

Another exotic bet that lets you try and predict the winners of two horses on that day.

Pick 3/4/5/6

A bet where you try to predict the winner in 3-6 consecutive races.

Wisconsin Horse Racing Glossary

Here is some important horse racing lingo that you should familiarize yourself with:

  • Across the board – Three bets in total. The three best are: win, place and show.
  • At the post – A last-minute bet. Usually, when the horses are lined up to start the race, most tracks stop taking bets. There is a possibility that the track might take live bets as well.
  • Blinkers – Headgear that is used to restrict the horse’s field of vision.
  • Claiming Race – Every horse in the race is up for sale.
  • Dead Heat – This refers to a situation where two horses tie.
  • DQ – A horse that has been disqualified from a race.
  • Exotic bet – Bets that involve multiple outcomes. Exactas and trifectas as the most popular exotic bets.
  • Favorite – The horse expected to win by oddsmakers. This horse also pays out the least amount of money for a winning bet.
  • Fixed Odds – The opposite of pari-mutuel betting. The odds are set pre-race which lets you know how much you profit from a win.
  • Furlong – An eighth of a mile on a racetrack.
  • Length – Describes both margin of victory and the length of a horse. In close races, specific body parts are used to describe how much the race was won by.
  • Morning Line – Track handicappers provide predictions on what they believe the odds will be on a pari-mutuel race. These are usually not 100% accurate.
  • Pari-Mutuel Wagering All money from bets on a specific race goes into a pool with a pari-mutuel wager system. The track takes a cut and the remaining money is divided by the winning bettors.
  • Purse – Prize money issued to the owners of the various horses. The owner of the winning horse earns the largest purse.
  • Tote Board – Displays the payout for each market and all of the races for the day.
  • Triple Crown – The most famous races in the U.S. and the most important. The three races consist of; the Kentucky Derby, Preakness Stakes and Belmont Stakes.
  • Wager – Another word for a bet

Calculating Horse Racing Betting Odds

This isn’t something that you’ll be expected to do. Most horse racing events involve pari-mutuel wagering so you won’t know the odds until after the race is done. You can get odds from track handicappers but they aren’t going to be 100% accurate.

As for fixed odds, you can simply use the bet slip on any horse racing site in that case. Similar to sports betting, you can enter your risk amount in the bet slip and the system will calculate your potential profit for you.

Wisconsin Horse Racing Odds Chart

We’ve provided you with a little bit of extra help below with our odds on horse races chart. The reason that the chart uses $2 as the bet amount is because that is usually the track minimum bet amount. We put both American and decimal odds since that’s what most tracks around the world will use.

We advise you to pay attention to the implied odds which is the price converted to win probability. This is a much simpler way to read the price being offered and will help you make better decisions.

Horse Racing OddsPayout from a $2 WagerImplied Probability of Winning
1/5 (-500)$2.4083.33%
1/4 (-400)$2.5080%
1/3 (-300)$2.6075%
1/2 (-200)$3.0066.67%
4/6 (-150)$3.3360%
1/1 (-100)$4.0050%
2/1 (+200)$6.0033.33%
3/1 (+300)$8.0025%
5/1 (+500)$1216.67%
10/1 (+1000)$229.00%
50/1 (+5000)$1021.96%

Betting Bonuses for Horse Racing in Wisconsin

Not every site offers bonuses, but the ones that do commonly offer the following bonuses and promotion types:

Welcome Bonus

These usually attract customers because they are the biggest bonuses a company is willing to offer. If you are primarily betting on horses, you need to speak to customer service to see how welcome bonuses apply to betting on horses. 

Also, bonuses come with cashout restrictions, which aren’t always appealing to those betting on horses. Make sure to understand the terms and conditions of any bonus you take, especially how much required action is attached. 

Deposit Bonus

Deposit matches, or deposit match bonuses, are where a site will give you bonus money based on the amount of money that you fund your account with. Sometimes you will need to enter a bonus code to get this perk, while other sites will automatically apply this bonus.

Risk-Free Bet

Risk-free bets for horse racing are quite rare. They are bets that don’t carry any terms, which is even rarer still. These would usually be given for a big event. 

Loyalty/VIP Program

Every online website has a loyalty/VIP program but they are not created equal. Every time you make a bet, you collect points that can be redeemed for bonuses. 

Racebook Rebates

This is usually the best bonus you can get as a horse racing bettor in Wisconsin. Most of the recommended sites in this guide offer them for both straight bets and exotics. 

Terms and Conditions at Wisconsin Horse Racing Betting Sites for Bonuses

Bonuses and promotions can be exciting but you will have to deal with terms and conditions if you’d like to claim them.

All types of bonuses will have their own requirements. As an example, deposit bonuses typically require a minimum deposit amount in order for new players to be eligible to receive this bonus on their initial deposit.

There is a wide range of bonus options out there for you to claim and it is important to understand the terms to make sure that you will actually be able to take advantage of a particular bonus.

Rollover Requirements

This is just another way of saying playthrough requirements. This is usually based on your deposit amount plus the bonus money you received. These are multiplied by a predetermined amount.

An example of this would be a 100% bonus with a 25-time playthrough. If you deposit $100 and take that bonus, you will get $100 in bonus plus the $100 you deposited. That would give you a starting balance of $200, which you would then multiply by the play-through requirement, in this case, 25 times, which gives you $5000 in required action.

Virtual Horse Racing Betting in Wisconsin

Since there are no in-person horse tracks in Wisconsin, the only option for virtual horse racing betting is at an offshore sportsbook.

Wisconsin Horse Racing Betting Apps

There are no dedicated sports betting apps for Wisconsin horse racing betting. Offshore sites have mobile platforms, compatible with iOS and Android, where you can make those bets.

Start Betting at Horse Racing Sites in Wisconsin

It’s easy to get started wagering on horse racing in Wisconsin.

  1. Choose the best Wisconsin racebook after carefully reviewing our guide.
  2. You will either see a “Join Now” or “Sign Up” button. Click whichever one you see and complete the registration form.
  3. Please review the terms and conditions of your bonus before completing your deposit.
  4. Pick a deposit method and fund your account.
  5. There will be a specific section for horse racing. It is usually referred to as the “Racebook” although it could also simply be titled “horse racing”.
  6. Review available races and odds.
  7. If you want a straight bet, pick a win, place or show.
  8. Exotic bets are made separately. You’ll need to create a tab for your exacta, trifecta or superfecta.
  9. Put our risk amount in the bet slip to see what your potential profit is. If you like what you see and want to make the play official, click “Place Bet.”.
  10. You should see your pick under pending wagers.

Other Types of Gambling in Wisconsin

There are no commercial casinos in Wisconsin, though in-person sports betting was launched in 2021 which was great news for sports fans in the state. Retail sports betting is one of the few forms of in-person betting that is legal in the whole state. Additionally, there is the Wisconsin lottery. Online sports betting and other forms of online wagering is still not legal, though residents can legally bet online with an offshore casino or an offshore mobile app.

Most forms of gambling in Wisconsin are controlled by local tribes with all casinos on tribal lands. A tribal casino can operate in a state where gambling is illegal because tribal lands follow Federal law, not state gambling laws. All of Wisconsin’s tribal casinos are operated by the Oneida Nation.

What is the best site for horse racing betting in Wisconsin?

There is no horse racing site that is significantly better than the rest. Instead, there is a group of sites that offer various services at an elite level. According to our betting experts, the best ones are:

  • Heritage Sports
  • Bookmaker
  • Bovada
  • BetOnline
  • BetAnySports

FAQs – Online Horse Racing Betting in Wisconsin

Is there horse racing in Wisconsin?

There are currently no track betting locations operating in Wisconsin. However, you can watch horse races online and enjoy online horse betting with an offshore betting site.

Can you bet on horse racing in Wisconsin?

Horse racing is not legal in Wisconsin due to the fact that there are no tracks in the state. You can bet on horses online via offshore sportsbooks.

How do I place a bet in Wisconsin?

You simply need to sign up with an offshore gambling site of your choice, fund your account with any of the accepted payment methods, choose what kind of wager you would like to make and how much you want to gamble and then place your bets. You can enjoy various types of gambling with an offshore site, as long as you are of the minimum gambling age (18).

Are there any horse tracks in Wisconsin?

At the moment, there are no live horse tracks in Wisconsin so residents can only partake in action if they use offshore sportsbooks.

What is the biggest horse race in Wisconsin?

Live horse racing is not available in Wisconsin yet. With no horse racing tradition, horse racing fans that want to enjoy the excitement of betting on horse racing events have to register with one of the online betting sites suggested in our guide.

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