Off-Track Betting (OTB) refers to legally wagering on horse races at locations other than the racetrack where the race is being run. These specialized facilities, often called OTB parlors or simulcast venues, offer bettors the opportunity to watch and bet on races broadcast via satellite or internet feeds from tracks across the country or internationally.
Key Benefits of OTB
- Accessibility & Convenience: Provides betting opportunities for individuals living far from major racetracks. Locations are typically numerous and easy to reach within communities.
- Variety: Bettors can wager on races happening simultaneously at multiple tracks, significantly increasing the number of betting options available at any given time.
- Extended Racing Calendar: Offers year-round betting opportunities, even during seasons when local tracks are closed.
- Social & Viewing Experience: OTB parlors often feature large screens, comfortable seating, and food/beverage service, creating a communal atmosphere for watching races.
- Economic Stimulus: Generates significant tax revenue and supports jobs within the horse racing industry through betting handle.
How to Start Off-Track Betting
Getting started with OTB is straightforward:
- Locate a Legal OTB Facility: Search online or inquire locally for authorized OTB parlors or simulcast centers in your area. Ensure the venue is licensed and regulated.
- Prepare Funds: Bring cash, as many OTB locations are primarily cash-based for placing bets. Some may offer ATM services or debit card options, but credit cards are rarely accepted for betting.
- Understand the Basics: Familiarize yourself with racing programs (available at the venue) which list the day's races, horses, jockeys, trainers, past performances, and betting options. Learn about basic wager types like Win, Place, Show, Exacta, Trifecta.
- Place Your Bet: Go to the betting counter or window. Clearly state the track name, race number, amount wagered, type of bet, and the horse's number. For example: "Churchill Downs, Race 5, $10 to Win on number 7." The teller will provide you a betting ticket as your proof of wager. Keep this ticket safe, as you will need it to collect any winnings.
- Collect Winnings: If your horse wins or places according to the wager type, return to any betting window at the OTB facility with your ticket to collect your payout.
Important Considerations: Betting age requirements vary by jurisdiction (typically 18 or 21). Bet responsibly and only wager what you can afford to lose. Track rules dictate payouts and any scratches. OTB involves pari-mutuel wagering, meaning payouts are determined by the total amount wagered in each pool.
