Table of Contents

Wyoming Horse Racing Betting in 2024

Table of Contents

Horse racing holds a historic place in Wyoming, closely tied to its cultural and entertainment roots. Initially, the state’s Native Americans and early settlers relied on horses for transportation and leisure, including rodeo and long-distance racing. The advent of historic horse racing introduced the concept of betting on these events.

For a long time, horse race betting was the sole legal gambling option in Wyoming. Today, enthusiasts can place their bets at local racetracks, online horse racing betting platforms and off-track betting facilities across the state.

While horse race wagering remains popular, the gambling landscape in Wyoming has expanded to include bets on other sports, casino games and online poker. However, most state-licensed venues focusing on horse racing do not cater to these other gambling activities. For a comprehensive gambling experience, Wyoming’s offshore betting sites are the primary option, offering a variety of betting and gaming services under one roof.

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Table of Contents

Is horse racing betting legal in Wyoming?

For many years, betting on horse racing was the only form of gambling legal in Wyoming. Now, legal gambling legislation has expanded the betting market in the state to include a state lottery, tribal casinos and online sports betting.

Wyoming has a long history of horse-related competitions, with rodeo and distance racing dating back to the days of the Old West. Betting on horse racing has been legal for many decades, although the racing industry’s popularity waned over time and nearly disappeared for a time due to a lack of interest. Now, however, it has resurged in popularity with betting available at track betting facilities, off-track locations and horse racing betting sites.

FAQs – Online Horse Race Betting in Wyoming

Yes, Wyoming has a horse race track. Wyoming Downs offers live racing events and historic horse racing. It aims to invest in and build up Wyoming’s live horse racing sport in addition to advancing horse breeding and agribusiness in the state.

Wyoming Downs Racetrack is located 10 miles North of Evanston, Wyoming, at 10180 Hwy 89 North, Evanston, WY, 82930. It’s the largest and only privately owned racetrack in Wyoming, offering live horse racing and simulcast off-track facilities.

The Wyoming Downs racetrack is 6 furlongs long, which is approximately 3/4 of a mile or about 1,200 meters.

The Wyoming Horse Racing LLC is owned by Nick Hughes and John Sheldon, who expressed a strong interest in potential business prospects in Torrington and Goshen County, Wyoming. They discussed the potential for a large construction project in Torrington, including a racetrack, hotel and casino.

The races at Wyoming Downs typically start at 1:05 PM. Gates open at 11:30 AM, and the first post time is 1:05 PM. It’s advisable to check for any changes in the post times as they are subject to change.

The Top Horse Race Betting Sites for Wyoming

We assembled a team of gambling experts to thoroughly evaluate offshore horse race betting sites available to Wyoming bettors. After reviewing more than 100, they compiled the following list of the 10 best:

  1. BookMaker – The best overall site for betting on horse racing in Wyoming
  2. Heritage Sports – Provides red carpet treatment for all bettors
  3. Bovada – Racebook loyalty program is the best in the state
  4. BetOnline – Offers an outstanding cashback rebate program
  5. BetAnySports – Rebates and other promotions help to boost your profit
  6. JustBet – Fast, responsive user interface
  7. BetUS – Offers podcasts and video analysis of important races
  8. WagerWeb – Same-day payouts for cryptocurrency users
  9. Everygame – The oldest online racebook with a 30-year track record
  10. SportsBetting.ag – Some of the largest betting limits in the state

Comparing the Top Wyoming Racebooks

Most of the sites in our top 10 racebooks in Wyoming use the same software to run the horse racing betting section. That means that the process of actually playing a bet on a race is very similar regardless of the site you use. But the 10 best sites differentiate themselves in a number of different ways, including customer service, bonuses and promotions, lines and odds as well as the speed of payouts that they provide to Wyoming bettors.

Here’s a detailed look at each site in our top 10 along with pros and cons lists for each:

1. Best Overall Horse Betting Site in Wyoming: BookMaker

BookMaker

Established 1996

Visit Bookmaker
9.8
Best For
Professional Bettor 9.0
Trust 9.8/10
Banking 8.6/10
Bonuses 8.2/10
Odds 9/10
Customer Service 9/10
Betting Limits 9.8/10
CURRENT PROMOTION
$500 Cash Bonus

Key Features

Bookmaker.eu took the first spot in our top 10 and got the nod from our experts as the best overall racebook in Wyoming. There is a wide range of tracks and races featured at Bookmaker, including action from over 50 tracks across North America. There are also international races from Europe available. 

BookMaker welcomes all gamblers, from sharp bettors to conservative gamblers, from experienced veterans to brand-new customers. It makes sure to tailor everything from its tailor limits to its VIP program to cater to all levels. There are high betting limits as well as minimum bets as low as $1, so everyone will be able to find a bet that fits their risk tolerance. 

They are the earliest in the online gambling industry to publish lines and odds and they have an outstanding rebate program that returns 3% of racebook losses on straight bets, as well as 8% on exotic bets. They also have a generous welcome bonus that new users can take advantage of.

2. Red Carpet Treatment for All Bettors: Heritage Sports

Heritage Sports

Established 2001

Visit Heritage Sports
9.6
Best For
Seasoned Gambler 8.6
Trust 9.6/10
Banking 8.6/10
Bonuses 8.2/10
Odds 9/10
Customer Service 9/10
Betting Limits 9.7/10
CURRENT PROMOTION
25% Free Play

Key Features

Heritage Sports finished second in our top 10, but it earned special recognition from our panel of experts for having the best red carpet treatment for customers of any offshore racebook. That’s no surprise. Heritage Sports began as an invitation-only site for the 1%. Over time, it decided to accept all members, but it still remembers how to pamper a bettor and provide an elite betting experience, including offering them a variety of enticing bonuses to choose from.

The racebook has plenty of action with 60 tracks from around the world featured. International racing options include Ireland, the U.K., mainland Europe, Japan, Australia, Hong Kong and South Africa. Heritage Sports separates its tracks into different tiers, with different betting limits. 

There are 16 “major tracks” where Heritage Sports sets betting limits at $1,000. Another 14 tracks are on the next tier, with $500 limits. 

Heritage Sports also was singled out by our experts for having the best mobile site in Wyoming.

3. The Best Loyalty Program in Wyoming: Bovada

Bovada

Established 2011

Visit Bovada
9.9
Best For
Mobile Bettor 9.0
Trust 9.9/10
Banking 8.6/10
Bonuses 8.8/10
Odds 8.9/10
Customer Service 9/10
Betting Limits 9.8/10
CURRENT PROMOTION
$750 Cash Bonus

Key Features

Bovada is a popular offshore gambling site because it provides a full casino experience for gamblers. In addition to the racebook, it has one of the best sportsbooks around with Wyoming’s largest menu of prop bets. There’s also a casino with a huge variety of slots and table games and Bovada is home to America’s busiest poker room which makes it popular among poker players. 

But the racebook is what earned it the No. 3 spot in these rankings. It includes races from America, mainland Europe, the U.K. and Ireland, South Africa, Asia and Australia. Bovada embraces variety in everything from sports props to casino titles, so it’s no surprise that it offers a wide range of betting futures on upcoming races.

For racing’s biggest days, Bovada pulls out all the stops. It pays up to $100,000 on the three races that make up the Triple Crown and up to $30,000 on other major races on the calendar. Bovada also offers the top loyalty program for horse bettors. Plus, there are Bovada promo codes that can unlock additional benefits.

4. Wyoming’s Best Cashback Rebate Program: BetOnline

BetOnline

Established 2001

Visit BetOnline
9.8
Best For
Bonus Hunter 8.5
Trust 9.8/10
Banking 8.6/10
Bonuses 8.8/10
Odds 9.2/10
Customer Service 9/10
Betting Limits 9.8/10
CURRENT PROMOTION
$250 Free Bet

Key Features

BetOnline takes the fourth spot in the rankings. Our experts also pointed out BetOnline’s cashback rebate program for the racebook, which they proclaimed to be the best in Wyoming. The site returns 4% of the amount wagered on straight bets (bets to win, lose or show) in the form of a rebate.

That’s not the amount you lose when placing those bets. It’s 4% of your total amount wagered, regardless of whether your best win or lose. For exotic bets, they return 9% cashback on the amount bet. This generous promotional offer is a great way to mitigate any losses. Plus, there are other enticing BetOnline promo codes available as well.

BetOnline has a deep menu of races, including tracks in the United States, Australia, the U.K., Ireland, France, South Africa and Japan. It also has events that many other sites don’t offer, such as Swedish harness racing. For major races that have fixed odds, like the three legs of the Triple Crown as well as the Breeders’ Cup, BetOnline has its odds posted several weeks ahead of time. Their odds are also generally more favorable to gamblers than at other sites.

5. Cashback Rebates and Favorable Odds Provide Value for Gamblers: BetAnySports

BetAnySports

Established 2002

Visit BetAnySports
9.6
Best For
Seasoned Gambler 8.9
Trust 9.6/10
Banking 9/10
Bonuses 8.7/10
Odds 9.6/10
Customer Service 8.5/10
Betting Limits 9.8/10
CURRENT PROMOTION
30% Cash Bonus

Key Features

BetAnySports is known among sportsbook customers for providing value with reduced juice and gambler-friendly odds giving it one of the lowest house edges around. The racebook also makes sure to provide value for its customers.

BetAnySports’ win limits are among the highest in the state and it has a cashback rebate promo offer for the racebook. The site will return 3% of the amount wagered on all straight bets and 6% on exotic bets. That’s a rebate on all betting activity, win or lose, not just your losses. And the exotic percentage goes up the more you bet, with it maxing out at 9%.

Our Rating Methodology

Our experts looked at a number of different factors to put together our rankings of the top horse racing betting sites. They looked at the promotions and bonuses offered by each offshore site as well as other perks like cashback rebates and VIP points programs. We looked at the customer service department of each site, odds and lines offered for big races like the Triple Crown and we even took online customer reviews into account.

The History of Wyoming’s Gambling Laws

Wyoming’s state history is intertwined with gambling almost as tightly as it is with the horse, dating back to the early days of the Old West. The history of gambling in the state dates back to those old saloons, although gambling history has seen several changes of direction.

The first came in 1901 when the McGill Act banned all forms of gambling. The state eventually allowed betting on horse racing, but for decades, that was the only legal form of gambling.

As horse racing began to wane in popularity, the state took an interest in opening up other forms of gambling. A 2000 lawsuit that took five years to settle eventually paved the way for tribal casinos. There are currently four of them, which are the only commercial casinos in Wyoming. In 2021, the state passed a law paving the way for legal sports betting.

Timeline of Gambling in Wyoming

  • 2021: Wyoming passes a law legalizing sports betting online. Legal sports betting began later that year, regulated by the Wyoming Gaming Commission and there are now four licensed sportsbooks available.
  • 2020: The Wyoming Pari-Mutuel Commission approves a rule change allowing advance deposit wagering (ADW) for horse race betting in the state.
  • 2016: The state reviewed online gambling and considered bringing legalized online gambling to the state, but no sports betting legislation was proposed at the time.
  • 2014: Two tracks reopen offering horse betting.
  • 2013: The state becomes one of the last (46 out of 50) to legalize a lottery.
  • 2010: The last horse racing track in the state closes.
  • 2005: After a series of victories in court, the Northern Arapaho tribe wins in appeals court, paving the way for a casino.
  • 2003: The state passed a law allowing racetracks to install instant racing terminals, which allow for virtual race betting.
  • 2000: The Northern Arapaho tribe sued the state for the right to create a casino.
  • 1967: The Wyoming Pari-Mutuel Commission was formed, leading to betting on horse racing, both in person and at off-track parlors.
  • 1901: The McGill Act banned all forms of gambling in Wyoming.

Key Features of the Top Online Racebooks

There are a number of important factors that all top-rated racebooks have to offer, in order to be considered for our list of recommended sites. These are must-haves that all offshore operators need to demonstrate to be considered for the top 10 by our experts:

Gambling Odds

Odds should be fair and representative of the relative probability of a given horse winning or other event occurring.

Betting Markets

There should be a variety of forms of gambling offered. The best offshore sites provide racebooks, sportsbooks, poker rooms, online slots and table games. Within the racebook, there should be a variety of different betting markets, including straight and exotic bets, as well as futures.

Banking Methods

There should be a number of different ways to fund your account and withdraw your winnings, ranging from traditional banking methods like credit and debit cards as well as newer methods like e-wallets and cryptocurrency options.

Bonuses & Promotions

Online race betting is a competitive industry and sites should compete to have you as a customer. They should offer generous welcome bonuses with a flexible set of options such as dollar amount, match percentage and rollover requirement. There should also be ongoing promotions for loyal customers.

Live Betting

Other than the gem events on the racing calendar, it can be difficult to find horse racing on TV or internet video. So the top racebooks should offer live streaming of races. Live streaming also allows the site to offer live betting, something that has become more and more popular among sports bettors.

User Interface

The user interface should be easy to use and dependable with no pages crashing or glitches. Menus should be logical and organized and shortcuts should help you find what you need quickly.

Mobile Experience

More bets are placed on mobile devices than computers, so the mobile site should be as functional and attractive as the main site. Many sites also offer mobile apps for racing as well as sportsbook apps. If they don’t, they should have a fully optimized mobile version of the site.

Customer Support

It should be easy to get help if something goes wrong. Customer service should be available 24/7, in multiple languages. You should have a number of contact methods available, including phone, email and live chat.

Safety Features

An online racebook should provide a safe, secure environment for your money and personal information. Any site that couldn’t guarantee this wasn’t considered for our top 10. 

Wyoming Horse Racing Betting Bonuses

Online gambling sites use bonuses to attract new customers and to keep existing customers happily betting. Here are some common bonuses you’ll see offered.

Welcome Bonus

Sites will offer money to customers for signing up for an account and making a deposit. The bonus amount is usually a percentage match of your initial deposit. The amount may have a maximum cap and the bonus money may have rollover requirements, meaning you need to bet that amount a certain number of times before you can withdraw the money.

Free Bets

Also sometimes called risk-free bets, they are bets where you don’t risk any of your money to make them. If you win the bet, you collect your winnings like with any bet, but if you lose, your stake is returned to you, usually in the form of a free bet credit.

Rebates

Rebates return a portion of what you lose gambling. It is often a percentage of your net losses, although some sites return a percentage of everything you bet, regardless of whether you win or lose. You usually find bonuses like this in online casinos and racebooks.

Enhanced or Boosted Odds

These promotions boost your profits by paying off at higher than posted odds. For instance, if you take a 4/1 bet, but you have enhanced odds, it may pay off at 10/1 if you win.

Loyalty & VIP Programs

These come in a number of forms but they usually reward customers who bet more often. Many of these programs involve awarding points based on activity that can be exchanged for bonus money and other perks.

How Horse Race Betting Odds Work in Wyoming

There are two different ways to bet on horse races: fixed odds and pari-mutuel wagering. Fixed odds are generally used for the biggest races on the calendar, such as the Kentucky Derby, while the vast majority of other races use a pari-mutuel wagering system.

Fixed Odds in Wyoming

Fixed odds are similar to moneylines in other sports. Each horse in the field is listed with a dollar amount. If the odds amount is positive, that tells you how much you’ll win with a $100 bet. If it’s negative, it tells you how much you have to risk to win $100. 

For example, if a horse were a -110 favorite, it would mean you need to bet $110 for a chance to win $100. If the horse is +500 that means a $100 bet wins you $500 in profit (plus you get back the $100 you put up).

Pari-Mutuel Betting in Wyoming

Most new horse racing bettors are less familiar with pari-mutuel betting, but it is used by most tracks and races. In a pari-mutuel betting system, all the money bet goes into a pool. After expenses and fees are taken out, the pool is then split among all the winners, based on the amount each of them bet.

That means you likely won’t know the exact amount you could win when you first place the bet. It’s a little like buying a lottery ticket for a multi-state drawing like Powerball. They can estimate the payout, but they won’t know for sure until all the bets are in.

Pool Betting on Wyoming Horse Races

Pool betting is another term for pari-mutuel betting. You may hear them both used, but they describe the same thing.

How to Calculate Horse Racing Betting Odds

Fixed odds can be listed as a moneyline or as a fraction. Both are related to the probability that the event you’re betting on will end up occurring. The more negative a moneyline is, the higher the probability it will happen. The larger the positive number, the lower the probability. This chart shows the relationship between moneyline and fractional odds, as well as payouts and probability of winning:

Horse Racing Odds $2 Wager Payout Implied Probability of Winning
1/5 (-500) $2.40 83.33%
1/4 (-400) $2.50 80%
1/3 (-300) $2.60 75%
1/2 (-200) $3.00 66.67%
4/6 (-150) $3.33 60%
1/1 (-100) $4.00 50%
2/1 (+200) $6.00 33.33%
3/1 (+300) $8.00 25%
5/1 (+500) $12 16.67%
10/1 (+1000) $22 9.00%
50/1 (+5000) $102 1.96%

The payout amounts listed include getting back your initial $2 bet. So in the first line, you win $0.40 and get back your $2.00 for a total of $2.40.

Commonly Placed Types of Horse Race Bets

There are several different ways to bet on horse races. Here are some of the most common horse racing bets you’ll come across:

  • Win: The most common bet. You choose the horse you think will finish first in a race.
  • Place: You choose a horse but get paid if it finishes first or second.
  • Show: You get paid if the horse you choose finishes first, second or third.
  • Exacta: You pick the two horses you think will finish in first and second place (in order) in a race.
  • Trifecta: Similar to an exacta, but you pick the top three horses in a race, in order.
  • Superfecta: You pick the top four finishers, in order, in a given race.
  • Daily Double: You pick the winners of consecutive races. It’s basically a parlay on back-to-back races.
  • Pick 3/4/5/6: Similar to a daily double, except you pick the winners of 3, 4, 5 or 6 consecutive races.

Common Horse Race Betting Terms

It can take a while to get used to the terms used in the horse racing industry. Here are some of the words and phrases you may need to know:

  • Ante-Post: This is a bet placed before the betting market opens on race day. It’s like futures betting on a race.
  • Drifter: A horse whose odds get worse (longer) as the race approaches. It means people are not betting on that particular horse. It’s the opposite of a steamer, whose odds get better over time.
  • Dead Heat: A race where horses finish at the exact same time, in a tie.
  • Dutch: Betting on multiple horses in the same race. Bettors will do this to cover a number of possible outcomes in the hope that one pays off enough to make up for the other losses.
  • Exotic Bet: The opposite of a straight bet, exotic bets involve multiple horses and/or races, such as daily doubles and exactas.
  • Favorite: The horse that has the best chance of winning, in the eyes of handicappers and has the shortest odds.
  • Furlong: A distance measurement of one-eighth of a mile. Race lengths are often reported in furlongs.
  • Longshot: A horse not expected to win a race that has long odds. They sometimes appeal to bettors, because their payoffs will be large if they happen to win.
  • Morning Line: The odds posted by the track handicapper when the day’s betting begins. The morning line then shifts based on betting activity throughout the day.
  • Odds: The implied probability of a bet winning. The odds determine your payout if a particular bet wins.
  • Pari-Mutuel: The method used to calculate payouts for winning bets in most races. Money wagered goes into a pool and is divided among the winners.
  • Stake: The amount a horse owner has to pay to enter their horse in a race.

Creating an Online Racebook Account

Creating an account at one of our recommended horse racing betting sites is fast and easy.

Step 1. Sign-Up

First, choose a racebook from our list of the 10 best in Wyoming. Go to the racebook’s website and click the “Create Account” button.

Step 2. Verify Your Details

After you fill out your registration information, the site may verify your identity by texting a code to your phone.

Step 3. Deposit Your Funds

Choose a deposit method from the ones listed on the site’s cashier page. Enter your deposit amount, financial information and the promo code for the welcome bonus you want to collect.

Step 4. Place Your Wagers

That’s it. You’re ready to get started. Find a race and pick a winner.

In-Person Horse Race Betting in Wyoming

How do I place a bet in Wyoming?

Wyoming Downs is the largest racetrack in the state. In addition to the track, located near Evanston, Wyoming Downs LLC has several Wyoming Downs OTB locations located around the state.

Sweetwater Downs is located in Rock Springs and is owned by Wyoming Horse Racing LLC.

Horse Palace, which has locations around Casper, features live racing, OTB, several slot machines and historic race betting terminals.

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