There are a lot of ways to play the ponies. The first and most standard way is to take your money, go out to the track, make your choices and take your chances. This is all well and good if you live in a city large enough to support a track and it is in season. In some places you can go to an off-track site that houses the ability to bet at multiple tracks at the same time. You donβt get the thrill of being at the track, but you do get the excitement of the race.
Of course you can go to on-line gambling sites like CrisHorses or YouBet, you place your bet and wait till the results are announced. That is not as much fun because there is not the thrill of watching the actual race. There is a way around this, but it costs extra to get a live feed of the races direct to your computer, but in my opinion it is well worth it. Also, before using a site like this you should examine the laws in your area on the legality of use of these types of sites in your location. There may also be prohibitions against on-line gambling in your state.
A third way is to join a site that sponsors handicapping contests. Some of these include DailyHandicappingContests, a daily site, and PublicHandicapper, a weekly site. There are also seasonal sites such as the Run for the Roses contest that is a free, begins in February, and runs though the Kentucky Derby.
How do they work? They are all different, in that they have specific rules to each contest. For example, at the Horseplayer World Series, which is an on-site event, each player makes 11 $20 win and $20 place mythical wagers at selected tracks. You can bet on any race from those tracks. More than one horse can be selected per race, but each wager must be for a $20 win and $20 place. This way, in theory, you can cover yourself if you are sure that these two horses will finish one and two.