What Does ‘OTB’ Mean in Betting?
OTB stands for “off-track betting”, a form of wagering on horse and greyhound racing outside of the race track itself. It is usually conducted by a betting facility or parlor that is not at the track. OTB facilities accept wagers on the outcomes of races from tracks across the country and around the world. Bets can be placed in person at the OTB parlor or online. OTB is an increasingly popular form of betting because it allows bettors to enjoy the same thrills as they would at the racetrack, without ever leaving their home. It also provides more convenience and better odds in some cases.