Bovada RaceBook Review
Being that the horse betting site is immensely popular, you have likely come across several Bovada Racebook reviews. That is why we made sure that our review is tailored specifically to those betting on the Kentucky Derby. You can find out the bet minimums, wager types, and deposit options come Derby Week at Churchill Downs. The online racebook has a lot to offer, and there are certain aspects that only those that have used the site would know.
In terms of legality, Bovada is 100% safe to use. Bovada.lv officially launched in 2011, but the operators of the site have been around for decades. That is why Bovada is considered one of the most trusted online gaming operators in North America. There are more than 94 different tracks to bet on, and 130,000+ superfecta wins have been paid out from their online racebook. When it comes to the Kentucky Derby, Bovada has more wagering options than most online racebooks. To learn more about everything that the online racebook offers for legal Kentucky Derby betting, continue reading our legal review of Bovada Racebook.
Is It Legal To Use Bovada?
It is legal to use Bovada because pari-mutuel wagering is widely accepted in the United States. There are a few states that Bovada does not accept, but this is due to legal conflicts with other betting products offered by the site. If you reside in MD, NY, NV, DE, or NJ, you will not be able to join Bovada. Residents of all other states can join the 1 million plus users that use Bovada every day.
Bovada Horse Bet Types
The horse bet types at Bovada are the same types of wagers taken at Churchill Downs. Bovada accepts straight win, place, and show bets on the Kentucky Derby. There are also exotics, which include the exacta, trifecta, superfecta, and daily double horse bets. In addition to these, bettors can opt for pick 3, pick 4, and pick 6 wagers. Bovada allows horse fans to box or key their bets to include more possible combinations.
Mobile Betting On The Kentucky Derby
Mobile betting is one of the more exciting areas of our legal Bovada Racebook review. You can bet on the Kentucky Derby from your iPhone, iPad, Samsung Galaxy, etc. Bovada’s mobile racebook is compatible with just about any smartphone or tablet that is connected to the internet. No download is required, just type in Bovada.lv from your mobile browser to start betting the ponies. The same horse bet odds and wager types are available from the mobile racebook. Making deposits and requesting payouts can be completed in just a few swipes. Bovada’s mobile racebook is completely free to use and easy to navigate.
Horse racing betting at Bovada is legal in the 45 states that it operates in. Due to some conflicts of interest in Delaware, Nevada, New York, New Jersey, and Maryland, Bovada does not accept residents from those states. Residents of every other state, however, can use Bovada for all of their horse racing betting needs.
Yes, you can bet on the Kentucky Derby at Bovada racebook. This site has futures on the outcome of this race up before anyone else, constantly updating the odds as the road to the Kentucky Derby progresses. Once the field is narrowed to the 20 competitors, Bovada will begin adding more and more betting lines for the race. There’s no better place to wager on the Kentucky Derby than at Bovada racebook.
With the road to the Kentucky Derby coming to a close, the betting odds on the current betting odds on the Kentucky Derby have been in an even larger state of flux than it has all season. One race can change the betting odds for dozens of horses, so it’s important to keep an eye on them and check the racebook you’re using on a regular basis. As of right now, these are the current betting odds on the Kentucky Derby for the top five competitors:
- Coming in 2019
Bovada offers a number of different bet types for its players. Depending on the race, there might be even more than what we have listed here, so it’s always best to check the book before you decide what kind of bet you want to place. Below, we have the most common forms of pari-mutuel wagers that Bovada will have on horse races.
- Win – Choose a horse to win the race
- Place – Pick a horse to bet on. If it finishes in first or second, your ticket is a success.
- Show – Bet on a horse to come in first, second, or third.
- Across the Board (Win, Place & Show) – Place even money on all three positions. Depending on where the horse finishes, you can collect on all three wagers (if the horse wins), the place and show bets (if the horse places), or just the show bet (if the horse finishes in third).
- Exacta – The bettor chooses two horses to come in first and second. The must be named in the correct order for the ticket to be successful.
- Exacta Box – Pick 2, 3, or even 4 horses to include in your exacta box. These choices will then be combined in all possible ways to provide as many possible outcomes as possible. If one of those outcomes occurs, your ticket is a success. The price of an exacta ticket corresponds to how many horses you choose.
| Exacta Quick Reference Guide | ||||||||
|---|---|---|---|---|---|---|---|---|
| # of HORSES | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
| COMBINATIONS | 2 | 6 | 12 | 20 | 30 | 42 | 56 | 72 |
| COST FOR $2 | $4 | $12 | $24 | $40 | $60 | $84 | $112 | $144 |
- Trifecta – Pick the horses that will come in first, second, and third. The bettor must pick the horses in their finishing order.
- Trifecta Box – This works the same way as an exacta box. You choose at least three horses to bet on, and the box will combine them in all possible ways. If one of those possibilities happens, your ticket wins. These get very expensive quickly, as a $2 bet on a 3 horse trifecta box is only $12, but a $2 bet on a 5 horse trifecta box is $120. The more possible combinations in your box, the more money you’re spending.
| Trifecta Quick Reference Guide | ||||||
|---|---|---|---|---|---|---|
| # of HORSES | 3 | 4 | 5 | 6 | 7 | 8 |
| COMBINATIONS | 6 | 24 | 60 | 120 | 210 | 336 |
| COST FOR $2 | $12 | $48 | $120 | $240 | $420 | $672 |
- Superfecta – Bettors must name the correct finishing order of the horses in first, second, third, and fourth place.
- Superfecta Box – Choose at least 4 horses to combine into a superfecta box. Any of the possible finishing combos of those horses will win your bet. These are ridiculously expensive, as there are exponentially more combinations in this situation.
| Superfecta Quick Reference Guide | ||||||
|---|---|---|---|---|---|---|
| # of HORSES | 4 | 5 | 6 | 7 | 8 | |
| COMBINATIONS | 24 | 120 | 360 | 840 | 1680 | |
| COST FOR $2 | $48 | $240 | $720 | $1,680 | $3,360 | |
Yes, Bovada will have odds on all the Triple Crown races. Odds for the individual races will be released a few weeks in advance. Currently, Bovada has odds on all of the horses that have competed in at least one road to the Kentucky Derby qualifying race. Once the field is narrowed, they’ll have more specific lines for bettors to choose from. They will do this for all three Triple Crown races, and once the Derby is run, they’ll also have futures odds on whether or not that horse can win the Triple Crown.
The best ways for Americans to fund their racebook accounts are through Bitcoin or by sending a check in the mail. Checks in the mail are perfectly reliable and allow bettors to fund their account without any interference from a bank. The only downside to using a check to fund your account is that it takes a few days to reach the book and be processed. If you don’t want to wait in order to be able to wager, we suggest bitcoin.
Bitcoin is a digital currency that operates independently of any central bank. This means you don’t have to wait for approval on a transaction. No declined or delayed transactions will occur when you fund your racebook account with bitcoin. Deposits are instantaneous, too, so you don’t have to wait a few days before your account is credited. Bovada even has a special deposit bonus when you use bitcoin the first time you fund your account.
Cashing a winning ticket is incredibly easy. If you hold the winning ticket once the race is over and done with, your account will instantly be credited with your winnings. The great thing about Bovada racebook is that those winnings go into a singular account, one you can use for the racebook, sportsbook, or even the casino. Bovada has one of the most diverse online gambling websites. Your winnings can be used for it all, or you can just withdraw them. As soon as the race is over, you get to decide what you want to do with your winnings.
Deposit options are a good place to start in our Bovada Racebook review because this is the first step toward wagering. Bovada only accepts US-friendly funding methods that are convenient for American horse bettors. Though not as many options as other racebooks, you can count on these options to be safe, secure, and reliable. Here are the current online racebook deposit methods at Bovada:
Credit Cards
Bovada accepts Visa, Mastercard, and American Express for betting the ponies, with your first deposit free. After your initial deposit, there is a 5.9% fee for Visa/Mastercard and a 9.9% fee for Amex.
- Min: $20
- Max $1,500
- Processing Time: Instant
- Fees: Up to 9.9%
Bitcoin/Bitcoin Cash
Bovada was the first online racebook to start accepting bitcoin cash deposits. You can also make an instant deposit with bitcoin, just send the funds from your bitcoin wallet to the address provided by the online cashier.
- Min: $10
- Max: $5,000
- Processing Time: Instant
- Fees: None
Knowing how dependable an online racebook is with payouts is one of the first factors that should go into choosing a legal Kentucky Derby betting site. Horse bettors can rest assured that Bovada is one of the most trustworthy sites that you can use. Bovada even offers one free payout per 90 days to all customers. Though we will break down the payout options in our Bovada Racebook review, keep in mind that methods and limits are subject to change.
Bitcoin
Bitcoin (and bitcoin cash) offer the fastest online racebook payouts. You can easily request a bitcoin payout by selecting “Request Withdrawal” from your account. You only need to provide your bitcoin wallet address, mother’s maiden name, and the withdrawal amount to get your bitcoin payout.
- Min: $ 20
- Max: $ 10,000
- Fee: $20
- Processing Time: Within 24 hours
Check By Courier
A check by courier racebook deposit is a secure way to receive your winnings. A signature is required by the delivery service, ensuring the safety of your funds. Deposit the check directly into your bank account upon receipt.
- Min: $ 100
- Max: $ 9,500
- Fee: $ 100
- Processing Time: Within 7 business days
Some bettors skim straight to the bonuses section of our legal Bovada Racebook review, because who doesn’t love free money? While bonuses do come with requirements that we will explain, Bovada does have excellent promotions for their new players. The newest offer is the Bitcoin Welcome Bonus. The online cashier will match your first bitcoin deposit by 50% for up to $500 with code BVSBITCOIN50. The bonus can be used for the Kentucky Derby and other sports, with a 5X rollover. The rollover is the number of times that you must wager the deposit plus bonus amount.
The second offer at Bovada is the Sports Welcome Bonus, which matches your initial deposit by 50$ for up to $250. This bonus can be used with any deposit method. The offer comes with a five-time rollover. You can redeem the offer from the “Bonuses” page of your account dashboard.
Many legal Bovada Racebook reviews skip over customer service, but this is an important topic to discuss. If you ever run into any issues you can count on being able to reach a member of customer support. Bovada has a live chat option that is extremely convenient. You can also call a representative toll-free or send an email to an agent. There is also a help page that contains answers to hundreds of commonly asked questions.
Telephone: 1-888-843-9027
General email: cs@Bovada