Horse Betting Rules
iWager.com has created this comprehensive resource section to assist both novice and experienced horse bettors.
Additional House Rules for Horse Betting
Note: this is in addition to our present house rules
Click here to read House Rules
Wagers are accepted until post time. If a wager is made after the race has begun, it will not be accepted. We do not assume liability for wagers that are unsuccessfully entered before post time. Only wagers confirmed with a "yes" are accepted, please insure to check the pending wagers screen before logging out to see that your wagers where accepted.
Once you confirm a bet online, your wager is considered final, we cannot cancel confirmed wagers.
Rebates:
A rebate of 3% will be paid on all wagers on a daily basis. There are no minimum weekly volume requirements and there is no maximum on how much you can earn.
No rebate will be given on cancelled wagers or wagers refunded due to a scratch.
No rebate will be given on phone wagers. All phone wagers, even if the site is not available, are not eligible for the rebate.
Odds and Limits:
Win, Place, Show wagers pay full track odds. All other wagers pay full track odds up to a maximum payout of 300 times your original bet amount.
There are no limits on how much you can place on any one horse or bet type. However, you will see that each ticket has a bet limit (typically $1,000), you simply need to make multiple bet tickets to get to the bet amount you seek. There is a $20,000 limit per betting ticket.
There are no house odds. If there are no track payoffs for a certain type of wager, all wagers on that type will be refunded.
Scratches:
If a horse is scratched, all Win/Place/Show wagers placed via the racing interface will be refunded. (This does not apply to 'Odds to Win' bets placed via the sportsbook. On those bets a scratch counts as a loss).
Only the portion of Exacta/Trifecta/Superfecta/Quinella combos that contain the scratched horse will be refunded.
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