Horse Racing Betting

With a rich history and enduring popularity, horse racing has once again become king of sports for betting enthusiasts. At Betdiesel, we have created this guide to give you all the essential information you need before placing bets on your favorite horses. Giddy up!

Horse racing betting sites

We have selected horse racing online betting platforms for you to choose. We have ranked them based on their reputation, betting market offer, features, bonuses and available horse race events.

Sign up and bet on horse racing

So you are ready to engage in horse race betting? Just follow these steps to guide yourself to a brand new betting experience. It’s easy, fast process that won’t take long, but it will reward you with betting on the king of the sports:.

1. Choose the right horse race betting online site: just take a look at all the best betting sites on Betdiesel.com list. Choose any of them for best horse race betting experience.

2. Create a betting account: visit betting site and look for the button: “Register” or “Sign up”. Click on it and provide bookie with all required info: login, email, address, phone and all the other info.

3. Verify your account: some horse race betting sites require account verification. Depending on the bookie, just simply upload your selfie or copy of your ID document to complete this process.

4. Deposit: horse race betting online platforms often allow more than a couple of deposit methods: e-wallets or bank cards, such as VISA or Mastercard or even crypto. 

5. Explore horse racing offer: check out bookmaker betting market offer. Use a search function to find specific horse races that are happening at the moment.

6. Select race: choose a horse race you want to bet on and decide which outcome you want to predict. For easy choice, choose: “win”, “place”, “show” or if you are experienced, go for exotic horse bets.

7. Place your stake: just enter your wager in the horse racing bet slip. Before confirming it, the coupon will show potential payout for horse bet. If it suits you, just hit “Confirm” and wait for race results.

Horse racing bet types

Horse racing betting sites offer an extensive selection of bet types, adding variety to betting experience. Betting on a single race winner can be enjoyable, but exploring all available betting types will open a brand new world of possibilities that can help you implement different horse betting strategies. By understanding all betting options, you can maximize your rewards and betting excitement. 

Join Betiesel.com as we delve into different horse racing bet types:

Standard bets

Solo bets are most commonly placed bets on horse racing. If you are new to betting on horse racing, these types of horse bets are worth trying to start with. They are classic, simple, easy to understand by both experienced horse bettors and newbies:

• Win: wagering on a horse to win a race on top position (winner). You win your bet if the horse, you bet on, comes first to finish.

• Place: if you worry that your horse can lose at the end of the track, then you can insure your betslip by wagering on Place. This horse racing bet covers your horse to finish first or second place. With less risk, it also payouts lesser wins.

• Show: betting on a horse to finish in the top three positions of the race. Show bets offer high chances of winning, but with lower odds.

Exotic bets

If you want to experience some thrill for horse racing, then ditch classic bets and opt-in for exotic horse race betting. Exotic horse race bets involve wagering on multiple horses in single or multiple races, offering high payouts and increased excitement:

• Execta: choose two horses and you need to predict the exact finishing order. Both horses must finish in the top 2 positions in the exact order you predict.

• Quinella. This is something similar as Execta bet – you wager on the first two finishing horses, but to win Quinella bet, they can finish in either order. Your bet is lucky as long as your horses finish in first and second positions.

• Trifecta: more challenging than Quinella, but with larger possible payouts. Trifecta bet involves predicting top three finishing horses in correct order. You place betslip with predicted order for three horses and it wins if they finish at exact order.

• Superfecta: predict the exact order of the first four finishing horses in a horse race event. But, as you guessed, all four horses have to finish in specific order as you placed your bet on. Payout for Superfecta can be really high, but correctly predicting this kind of bet can be quite difficult.

• Super High 5. Hey, if you want to test your luck on horse betting and to lock huge winnings, Super High 5 is for you. Its high risk-high payout bet, where you have to predict five finishers in exact order.

• Double. Also known as Daily Double, is a horse racing bet that involves two races as you have to predict winning horses in two consecutive races.

• Pick 3/4/5/6: predict winners on three, four, five or six back-to-back horse races. Bet to pay out must be correctly predicted for all events, making this one of the hardest-to-win horse racing bets.

How horse racing betting odds work

Horse race betting bookmakers offer two types of odds: fixed odds and pari-mutuel wagering system. Most common are fixed odds, which also is most used for online sportsbooks. They are published by bookies before the horse race and remain fixed until the race starts. Fixed odds are displayed as decimals, moneyline and fractions depending on geo location. 

Pari-mutuel wagering system is commonly used at horse racetracks, but also can be found on online horse race betting sites. In this odd system, bettors wager against each other, not against sportsbooks. All the bets placed are pooled together and payouts are set based on the amount of money wagered on each horse. 

Unlike fixed odds, odds in the pari-mutuel system fluctuate as more money comes into the pool from bettors until horse gates are open. For example, if you bet on a horse early in a day with odds 10/1, and horse becomes favorite later in the day, odds can change to 2/1. You will be paid out with odds, which will be final. Pari-mutuel wagering typically uses decimal format or payouts.

Horse racing betting strategies

There are many horse race betting strategies online, but the best one is just preparation for the race. This means gathering all the intel – anything that can have even the smallest impact on the race outcome. If it’s too much for your time, you always can use some other online betting horse racing strategies:

Dutching

Dutch or dutching betting strategy involves wagering on multiple horses, to increase chance of winning. To successfully use this strategy, you have to convert horse racing betting odds to probability. After that, distribute your bets among all the horses based on their probability to win a race. If any of your wagered horses will win a race, you get a payout that covers your horse bet plus additional profit.

80/20

Splitting a bet for one horse doesn’t really sound like a good horse betting strategy but it is, as many times bettors meet with a situation that their horses usually end up second in a race. To successfully implement an 80/20 betting strategy, you have to bet 20% of your bet on “Win” and 80% bet on “Place”.

Comeback 

This is a very simple betting strategy horse racing that doesn’t involve any calculations and time consuming comparisons. You just simply bet on a horse who loses a race after a series of winnings. This strategy is also known as “Beaten favorite” which notes that the losing horse still counts as favorite and can make a significant comeback.

Horse racing bet calculator

Bet calculators are handy tools that can help horse racing bettors to understand potential outcomes of their betslips and calculate potential winnings. These bet calculators follow a principle, when you have to input all the bet information: stake, type, odds. In result you will get your potential win amount. Some horse racing bet calculators even can accept different odd formats, including fractional and decimal.

Use Betdiesel horse racing bet calculator to swiftly calculate possible winnings just by entering stake, odds and horse racing bet type. It provides a convenient way to find out potential payout from any horse race bet without doing redundant manual calculation. By using Betdiesel horse racing bet calculator, you can get advantages of its benefits, such as eliminating manual calculations, reducing confusion and assessing the outcome of wagers.

Horse bet tips

Team of Betdiesel horse racing experts bring you the best horse bet tips from popular events. Use horse betting tips completely for free to place bets at best online horse betting sites.

Horse betting tipsters

To improve your horse race betting form you can always connect with the best horse betting tipsters. They will gladly help you provide best advice and tips on top horse race events happening year around. Horse betting tipsters are professionals who dedicate all their time to analyze horse races, studying horses form, health and other factors that can impact the result of the horse race betting. 

When choosing horse betting tipsters, check their statistics especially on last horse races. Look into his track record and performance stats and compare his last tips with actual races to avoid any frauds. 

Betting bonuses for horse racing

Horse racing betting bonuses and promotion are designed to attract new horse race bettors, reward loyal customers and add motivation to everybody to check out this traditional sport. Explore our list of best horse racing bonuses and find out how to claim them:

Welcome bonus

Horse racing betting sites offer bonuses for new clients upon signing up. Sign up bonus comes in a matched deposit bonus form, when the betting site matches initial deposit, usually with a bonus amount of 100%. 

Watch out for wager requirements or other conditions that’s associated with this bonus. Before you start to use the welcome offer, carefully read terms and conditions, to be aware of all the requirements you need to fill to fully enjoy the benefits of registering on horse racing betting sites.

Free bets

Free bets and risk free bets are quite popular horse racing betting bonuses. They allow bettors to predict horse race outcomes without risking any money. Free bets are typically awarded as a reward for some specific actions, for example reaching a certain turnover of qualifying bets.

Free bets always have detailed conditions that you need to look for. For example: amount of the free bet, minimum and maximal odds, winning wager requirement and any other requirement for withdrawing the bonus.

Cashback

This money-back bonus is commonly offered by horse racing betting sites, giving safety net to betting losses. With cashback bonuses, bettors receive a portion of their losing horse bets in a form of free bets or rarely – real cash. 

Exact percentage can be different in horse racing bookies, but usually it’s around 50%. In order to avoid bonus abusers, bookies often impose wager requirements that need to be met, before claiming cashback bonus.

VIP bonuses

It’s no secret that horse betting is especially popular among VIP players. So bookies regularly come up with special VIP offers to attract high stake players and to get them playing at their sites. 

Horse racing VIP bonuses are the same as standart betting offers, but with higher percentages, lower wager requirements and more flexible terms.

Acca boost

Horse race bettors often engaged in combo betting, because wagering on more horses  is always more exciting and more profitable to just betting on one winner. 

Acca boost bonus allows bettors to get more winnings, as this bonus provides an additional percentage to betslip payout if all the horses are predicted correctly.

Boosted odds

Odd boost promotional activities in horse racing are designed to provide higher payouts for bets on specific horses or race events. Enhanced odds on horse betting not only offers opportunity for higher winnings, but adds an extra level of excitement on betting on horse racing. 

If you claim an odd boost bonus on horse racing and your bet is lucky, an additional win typically is credited to your account as a free bet. 

Horse racing betting guide

Horse racing betting is a rewarding activity that has captured enthusiasts for years. When you are ready to place bets on horse racing, just follow this guide:

1. Learn about betting on horse racing. Before placing a wager on horse racing, educate yourself about different types of bets and how they work in terms of correctly predicting the outcomes.

2. Analyze: prior placing horse racing bets, invest your time in research. Study horses, their health, track conditions and historical records. Gathering all this info will boost your confidence and chances of making successful wagers.

3. Choose a horse racing betting platform: just choose one of the betting sites from our list. We have selected only reputable horse race betting platforms with user friendly interface, wide selection of races and markets and best odds in market.

4. Set your budget: wager responsibly and determine how much money you are willing to put up in horse races. Stick to it and avoid the temptation to go over it.

5. Place your bets on horses: select your preferred horse race and outcome/-s you want to predict. Double-check your betslip to be 100% sure that everything is correct and confirm your bet.

6. Enjoy the race: watch LIVE broadcast for race results and collect winnings in case you predicted the outcome correctly.

Horse racing betting apps for mobile

Horse racing betting apps have completely revolutionized betting on horses by offering wagering from anywhere, anytime. With these apps, horse racing enthusiasts have access to betting on horse racing with just a finger click away and without need to visit physical racetracks. 

Benefits of using horse racing betting apps for horse racing are numerous and obvious. They provide a user-friendly interface, allowing punters to place bets, manage their betting account and browse horse races with one click. Most betting apps feature live broadcasts of horse races, providing real time updates. Additional push notifications inform bettors about upcoming races, results and special offers.

Popular horse racing betting events

In search of best horse race betting sites, it’s important to consider the availability of betting event odds. As there are many horse racing events happening every month, it is crucial for the bookmaker to offer odds on most popular horse betting events.

Triple Crown horse races

Triple Crown horse races are a prestigious series of horse racing events in the USA, consisting of the Kentucky Derby, Preakness Stakes and Belmont stakes. The trophy goes to the horse that wins all three races in a specific order.

• Kentucky Derby: This historic horse race dates back to 1875 and since then it’s the most popular horse race event in the USA as it is the first leg of the Triple Crown race series. The Kentucky Derby track covers a distance of 2 km on a dirt track at Churchill downs.

• Preakness Stakes: Taking place two weeks after the Kentucky Derby, Preakness Stakes is second leg of the series and also shortest one, covering 1900m long track in Baltimore, Maryland. The Preakness Stakes has a long history since its first run in 1873.

• Belmont Stakes: also known as The Test of the Champion, its last leg of Triple Crown races. Belmont Stakes is held in Elmont, New York and is the longest race of the series with 2400m long track. Secretariat set track record in 1973, at the same year securing the prestigious Triple Crown Trophy.

Top horse racing events in UK

Prestigious UK races attract not only celebrities, but also horse race bettors from all over the word offering horse betting experience which you won’t get anywhere else: 

• Royal Ascot: most iconic and luxurious horse racing event in the UK, dating back to 1711. It is well known for its high fashion, celebrity culture and high betting stakes races as there are many high stake bettors who bet on horse racing only! This race takes 5 days to cover 35 races in Berkshire.

• Cheltenham: held annually in March at Cheltenham Racecourse, this is the most prestigious horse race event in the UK. It spans 4 days and showcases 28 races, including Cheltenham Gold Cup. Known for its challenging 5km distance and 22 fences, this event attracts highest class horses and jockeys.

Grand National: The Grand National is legendary horse race held every year in Liverpool, England. With an audience of 600m people worldwide, many of whom enjoy live horse betting, it’s known for its hard course with 30 fences and 6.907km length.