In contrast, a bettor could back a horse at 10/1 an hour before the race and then watch as the price drops to 6/1 or worse just minutes before post time. : Fixed-odds betting in which bettors lock in their prices when they place their wagersīoth approaches have advantages, but anyone new to horse racing betting will likely find more intuitive.4NJBets: Traditional pari-mutuel wagering in which the odds constantly fluctuate even after bettors have placed their wagers.The difference between the two NJ horse betting sites is in how the odds work: opened in 2022 after New Jersey legalized fixed-odds horse racing betting. The other is, the state’s only fixed-odds horse racing betting site. New Jersey residents can visit to place pari-mutuel wagers on an international selection of tracks. One is, the state’s only authorized advance-deposit wagering provider (ADW). New Jersey is home to two licensed online horse racing betting sites and their accompanying mobile racebook apps. Responsible New Jersey Horse Racing Gambling.New Jersey Online Horse Racing Betting Law.New Jersey Fixed-Odds Horse Racing Betting.

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