Please recommend a low minimum wager Sportsbook site for horse racing

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Try idabet.com... They are a smaller company, but operate under equibase. I used them for a few years and this site offers the best rewards from day to day. They are not like the bigger wagering sites that make you build up wager rewards. The rewards are bet on the percentage of money you wagered for a single day. Plus I think they give out a monthly reward also. For rewards its the best site I have ever used. The site structure lacks a bit though and I'm pretty sure they don't have a mobile app, which was ok with me because I'm a desktop or laptop guy when it comes to wagering at home. Good luck finding a site. I hope this one will work for you.

Unfortunately they do not accept residents of Texas as per their business office
 

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Just got my question answered by one of the mods.

Betanysports

Looks like 5Dimes just spun it off. It has 25 cent minimum wagers on exotics and the following bonus structure...

The Super High Rebates Setting has the following limits:
Tracks A: WPS $500 max wager & 5% rebate, exotics $200 max wager & 9% rebate
Tracks B: WPS $500 max wager & 4% rebate, exotics $200 max wager & 8% rebate
Tracks C: WPS $200 max wager & 3% rebate, exotics $20 max wager & 6% rebate
D/E/Harness: WPS $100 max wager & 2% rebate, exotics $10 max wager & 4% rebate
Greyhounds: WPS $10 max wager & 2% rebate, exotics $1 max wager & 4% rebate​
Win/Place/Show Parlays $1 max wager & rebate equal to WPS wagers according to the Track​
The Standard Rebates Setting has the following limits:
Tracks A/B: WPS $500 max wager & 3% rebate, exotics $200 max wager & 6% rebate
Tracks C: WPS $200 max wager & 3% rebate, exotics $20 max wager & 6% rebate
Tracks D/E: WPS $20 max wager & 1% rebate, exotics $2 max wager & 2% rebate
Harness/Greyhounds: WPS $10 max wager & 1% rebate, exotics $1 max wager & 2% rebate​
Win/Place/Show Parlays $1 max wager & rebate equal to WPS wagers according to the Track.​
The minimum wager amount is $0.25.

Maximum Odds paid for different wager types:

Wager TypeMajor TracksOther Tracks
WinNo LimitNo Limit
PlaceNo LimitNo Limit
ShowNo LimitNo Limit
QuinellaNo Limit200/1
ExactaNo Limit400/1
TrifectaNo Limit1000/1
SuperfectaNo Limit2500/1
Daily DoubleNo Limit500/1
Pick 3No Limit1500/1
Pick 4No Limit5000/1
Pick 5No Limit5000/1
Pick 6No Limit10000/1

Triple Crown and Breeder's Cup maximum net profit per race: $100,000
Track A maximum net profit per race: $30,000
Track B maximum net profit per race: $15,000
Track C maximum net profit per race: $10,000
Tracks D and E maximum net profit per race: $7,500
Harness maximum net profit per race: $5,000
Greyhound maximum net profit per race: $2,500
 

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