RaceBets Review

If you don't bet much on horse racing or the dogs then read no further.  If on the other hand you do like a few quid on the races then bookmakers don't come any better than RaceBets.  This is an an exclusive horse and greyhound racing betting site with just about every single recognised race from around the globe, with most of them available for live streaming. On live broadcast quality alone the site is unbeatable.  Add in the exceptional stats and form guides, editorials, blogs and promotions and it is hard to find a reason to bet elsewhere if you mainly bet on racing.

The range of existing promotions is superb too.  Focusing on the single product means there are more racing specific offers here than with any other major bookie.  Generally every single race you wager on is covered by some form of enhancement or insurance, for regular race bettors this long term value can add up.  Even the occasional punter on racing can find a benefit in at least holding an account with RaceBets, to take advantage of the superior product when you do bet.

  • 100% Matched Deposit Bonus up to £50 (see next section for terms)
  • Dedicated to racing, no compromise product with excellent depth and features
  • Overall the best package of horse racing promotions for long term customers
T&Cs Apply to Welcome Offer, New Customers Only (18+).

Quick Links

Welcome Offer - Up To £50 First Deposit Bonus

T&Cs Apply. New Customers Only (18+). BeGambleAware

racebets offer

There are many reasons to bet with RaceBets other than a sign up offer, but even so the introductory bonus available is a decent one and worth taking if you like the site.

Following your first deposit (any method other than Skrill, Neteller or Paysafecard) you can claim a matched 100% bonus by betting through the deposit amount and then entering code WELCOME in the bonus section.  Customers have got 45 days to activate the offer.  Minimum deposit is £10.

Once awarded the free funds needs to be wagered 5x within 30 days on bets with odds over 1/2+ (1.50).  If you then have any bonus and winnings left you are free to withdraw this in cash. 

RaceBets Promotions For Existing Customers

racesbets regular promotions

In some ways when it comes to horse racing promotions for existing customers it would be easier to cover what RaceBets don't have.  Every type of deal is available here with an overall package that means whatever actual race you bet on you will be covered by at least one regualr offer.  It is this kind of reliability that makes this a more rewarding place to bet on racing compared to other betting sites, even the biggest names.

Here are a few examples of RaceBets offers.  Individual offers all carry specific terms and conditions of course that you should always read before placing bets:

  • Best odds guaranteed, not just on UK and Irish racing but also United Arab Emirates (UAE) and South African racing.  Also applies to some greyhound racing.
  • World racing bonuses, get 5-10% enhancements for betting on racing from places like the USA and India, or is UK and Irish horses win abroad.  Bonuses for Lucky bets too.
  • Racing Insurance, reliable value, things like stake back on all races if beaten by a nose and first past the post payouts.
  • Bet and Jet club, bet £25+ on a selected daily meeting and win or lose get a £5 free bet next day.
  • Jackpots daily for predicting the winner of select races.
  • Money Back 2nd: All ITV handicap races along with 1/4 odds each way in every live race.

About RaceBets

racebets logo

RaceBets are limited in range by choice not because they are new and haven't grown.  They have in fact been in existence since 2005 and are one of the most experienced operators in the race betting.  By concentrating on a specific market, horse and greyhound betting, RaceBets have been able to develop an uncompromising product that is quite frankly unbeatable for punters who mainly bet on the sport.

RaceBets International Gaming Ltd, the company behind the brand, are based in Malta but the group originate from Germany, where they are one of the country's largest bookmakers.  This is one reason why the site can be accessed in German and English, along with another 15 major languages. 

By 2010 the bookie had become the biggest in the country and subsequently German Racing (German equivalent to the British Horseracing Authority) were invited this invest.  This relationship allows better access to the racing industry for the bookie while at the same time allowing some of the profits to be re-invested into grass-roots racing.  In the same year they moved to Malta.

Full UK and Irish racing was added in 2012 and this completed the package for the company who, along with there vast range of overseas racing, have the biggest book of its type available to punters.  The whole group are now owned by Betsson, the massive Swedish online gambling company, however this doesn't appear to have dented the RaceBets brand which maintains itself entirely focused on its namesake, race bets.

Interface and Appearance

racebets home

There is nothing amazing about the way the RaceBets site looks, but that is precisely the point.  This isn't designed to be graphic rich and colourful, rather it has been engineered to be useful to punters who want to place a bet on a race.

Everything about the site, whether viewed on desktop or smaller screens, is about simplicity.  The simple yellow and black colour schemes along with clear well laid out menus make finding a race especially easy.  You can place a bet within three clicks, and for non-UK racing especially you will not be able to access markets quicker than with this website. 

Let's face it this site is great to use and get around because it has limited scope.  By not having to feature 30 other sports alongside or other products such as casino and games sections the site is less cluttered compared to other bookies websites.  On the move in particular this is the best site for quickly accessing race markets, here everything you need is on the home page, you don't need to go looking for the horse racing or greyhound racing sections.

The site is lightening quick in all areas, you can tell they have designed RaceBets to be the best it can possibly be for regular punters, rather than trying to sell the site with pretty colours and images.

Range of Racing Markets and Bets

There are actually three sports covered by RaceBets: horse racing, greyhound racing and chariot racing. In this section however we are talking more about the depth of racing markets available.

For UK and Irish racing only you may not notice a huge degree of difference between this site and a big established bookmaker such as Ladbrokes.  Both have full market coverage, offers such as best price guarantee and streaming.  Except everything is just so much more accessible with RaceBets. 

racebets markets

The shear range and depth of coverage is huge, with racing from all over Europe (France, Italy, Spain, Germany, Sweden, Norway, Belgium, Czech Republic,  etc,) and the world (USA, Canada, India, Turkey, New Zealand, Australia, Turkey, South Africa, Brazil, UAE and more).  In total racing markets are delivered from over 40 countries with over a quarter of a million races annually.  That is bigger than any other betting site listed on here.  Consider too the ability to stream a lot of these races.

Even if you never bet on racing outside of the UK or Ireland there is plenty of reason to use this site.  Ante-post odds are more advanced than most others and if you study form and stats the wealth of information here is unbeatable (see later), including racing post race previews, note taking and horse tracker features.

For those that want a little help betting markets RaceBets have a top notch FAQ section called 'Knowlege Base' that will explain everything form the basics of betting to more complex wagers and also helps you understand racing and betting terminology. 

Exclusive RaceBets.com Betting Syndicate Pool Betting

Of course in the UK we've all heard of the Tote and Totepool betting pools but RaceBets have their own exclusive syndicate for German racing.  This is a great way to get big wins from small stakes and as it is exclusive this is the only site where you can do this.

The pool works exactly the same way as totepool syndicates work for UK racing.  If you win you can earn a proportion of the dividend equal to your stake.  The betting tips service also advises on the top three favourites for qualifying races, if you follow the experts opinions and they win RaceBets will also be paid out without deductions.

Horse and Greyhound Racing Odds

betting oddsHorse racing odds are genuinely good, of course for many races you are covered by the best odds guarantee any way, but fixed prices in general tend to be in the top 25%, for bigger races especially.  Factor in too that even with foreign racing you are often getting small bonuses that in effect can work to enhance winnings and therefore the relative odds prices.

In reality there are very few UK licensed betting sites that have the range that this site provides.  For many worldwide races you will often find RaceBets are the only ones giving odds, in which case beggars can't be choosers any way. 

I would say RaceBets could do better when it comes to their greyhound racing prices.  They do offer best price guarantees for UK races but there are few offers to support long term value.  Then again their coverage is second to none.

Odds can be changed between fraction and decimal, as you would expect, but an added feature here is the ability to covert all of the stats between metric and imperial measures.  Never seen that before, hugely useful.

Minimum / Maximum Stakes and Payouts

limitsThe minimum overall stake for fixed odds is £1, although the unit stake can be lower if placing an each-way or full cover bet.  The final bet total must be £1+.  There is no maximum stakes as such but there are maximum winnings limits to be aware of, these are high but still something to take into account if you bet high stakes or big odds.

You can win up to £200,000 in top level racing, this includes all UK and Irish racing, the lowest maximum is £25,000 per bet for a win for lower level racing abroad.  Most greyhound racing also pays out up to £25k. 

What does really matter however is there is a £100,000 limit on net winnings each week.  This is the only let down of the site but as stated should only affect very high stakes punters - although worth bearing in mind for all when placing big accumulators.

Live Betting and Race Streaming

racebets live streaming

Live Race Betting 

Betting in play live on racing isn't quite the same deal as with football and other sports, as in there are not a huge number of live markets available for racing, and that is true of any site.

You can however still bet on horses while the race in in running and not every betting site offers that feature.  Wagers are taken live up to a certain point in the race, timing varies depending on the race type distance and how the race plays out.

Live Streaming of Worldwide Horse Racing

This has to be the single stand out feature of RaceBets.  You can watch racing from around the world, you don't even need to bet on the race.  Live streams have their own menu allowing you to see upcoming meetings and you can also see weeks in advance what is being broadcast.

It is not so much the quantity of global racing that can streamed but the quality.  RaceBets stream at a higher data rate and this makes the picture good enough to fill a full screen rather than a poxy little pop up window.  They claim the quality is HD.  I'm not sure it is quite HD but the streaming really is good enough that you don't need a specialist TV subscription to enjoy famous races from around the globe.

Cash Out

You cannot currently cash out at RaceBets, although few bookies actually offer cash out on live racing most racing bets are not cashed out anyway.  If this is a problem for you look at other bookies, such as Betfair, who will let you cash out single and multiple bets pre-race and for some bets during live racing.

Mobile Betting

racebets mobileThe RaceBets site is fully scalable to any device maintaining the clear simple graphics and fantastically easy navigation on all devices.   The mobile version of the site is perfect for racing punters, not because it looks good or has lots of features, but because it is so easy to bet on a race in a matter of seconds. 

In general when we bet on mobile and portable devices we are aiming to place our bets quickly, usually more constrained for time we just want to find our markets and place our wager.  The RaceBets layout is excellent for this, it makes getting your racing bets on a pleasure compared with the hassle of finding the same race on a big sportsbook site where football tends to dominate the home page.

There is no mobile app although I am not sure you really need one for a site like RaceBets.  The scale of the product is manageable enough to work great as mobile website without needing the bells an whistles of a dedicated application.

Streaming is available on all devices too and you can even turn down that high quality video if you need to for mobile data purposes.  The site overall is very quick on any speed internet connection, a virtue of the simplified graphics and lack of other products to fit onto the pages.

Statistics and Form Guides

racebets form and stats

The stats, results and form guide sections of RaceBet are simply unbeatable.  No other online bookmaker can match the range, depth and quality of these services.

You can click on any horse to see an overview general statistics, an in depth form guide, a chart of recent success and even a 'duals' section that details if that runner has faced any other horses in the field previously and what those results were.  You can also see what other upcoming ante-post races the horse is listed to compete in.  Horses can be tracked over time and you can even make your own notes on them.

There are also whole sections devoted to jockey and trainer stats.  Trainers and jockey starts, wins, places and earnings can all be found within one click.  Usually you would need to have a separate website window open to see these type of stats when betting, but with RaceBets it is all nicely packaged into one website. 

Racing Editorials, Blogs & Tips

racebets blog

The blog news section is as good as the Racing Post, this is not some half baked blog, rather this is a well written series of news and previews updated daily.  RaceBets give punters a wealth of information through these features.  You certainly can't say you didn't have enough information if you lose when you bet with them.

RaceBets also offer a tips area where they give three favourites in order for select races abroad.  This is really useful for those that nly bet occasionally on foreign racing and don't have the same knowledge base compared to UK and Irish racing. 

The betting rules and guides are also superb, detailing everything from 'what is a lucky 15' to the basics of betting on horses.  You can tell this is a company that wants punters to enjoy betting on racing, the level of information available is staggering.

Social Media

RaceBets have a small but loyal twitter following (@RaceBetsCom) on which they post news, previews and the occasional offer.  Posts are daily, enough to keep you engaged if you like to see what your bookie has available, but not so much to annoy you.  This is also a good channel to chat to them about upcoming markets.  The main @RaceBets tag also belongs to them but it is for the German facing site and not actively maintained.

The Facebook page is very similar to the Twitter feed, you won't miss out by following one or the other.

USP

This unique selling point is fairly obvious.  RaceBets is the best place to bet on horse racing.  For anyone who places most or all of their wagers on the nags then there honestly is no other betting company that can match the all around package of markets, features and options available.

It is highly likely that if you bet on other sports, such as football, then you are going to need to have accounts with other betting sites to do so.  Even in this case however the minor amount of hassle in switching between sites is worth it when you consider how much more you can get from RaceBets.  Unless you pick your horses just by their name alone you are guaranteed to find a better betting experience for racing at this bookmaker.

Payment Options Deposit/Withdrawal

Method Min Deposit Min Withdrawal Fees Withdrawal Time
Debit Card £10 £10 0% 3-5 Days
Credit Card £10 £10 0% 3-5 Days
PayPal £20 £20 0% 1-2 Days
Skrill £10 £10 0% 1-2 Days
Neteller £10 £10 0% 1-2 Days
PaySafeCard £1 N/A 0% N/A
Bank Wire £5 £5 0% 3-7 Days
Entropay £10 £10 0% 3-5 Days

On the payment options front RaceBets are very good.  You generally tend to find the European bookmakers have a better range than the UK only companies, this is the case here.

Accounts can be held in British Pounds (GBP), Euros (EUR), Swedish Krona (SEK) and Norwegian Krone (NOK).  You can change your account currency but once set you cannot change it again.

Deposit

Payment homeRaceBets take deposits from as little as £1, if using PaySafeCard, or £5 if using a bank transfer.  In general the minimum deposit is £10. 

Maximum deposit limits (per transaction) apply, £5,000 for debit credit and PayPal, £20,000 Skrill and £25000 bank transfer.  In general for high end deposits it is worth contacting them in advance, you can often make larger transfers this way.  Remeber you can only win a maximum of £100,000 in any given week.

Fees are not charged for any deposits.  The following methods are available:

  • MasterCard
  • Visa Credit Card
  • Visa Debit Card
  • Visa Entropay
  • Paysafecard
  • PayPal
  • Online bank transfer
  • Neteller
  • Skrill Moneybookers
  • Maestro
  • Diners Club
  • Bank transferv
  • Solo
  • Nordea Sweden
  • eNets
  • Przelewy 24
  • iDEAL
  • Carta Si
  • Postepay
  • Laser
  • Sofortbanking
  • Nordea Finland
  • netpay
  • Poli
 

Withdrawals

Minimum withdrawals match the minimum deposit amounts.  You cannot withdraw by PaySafeCard therefore the minimum withdrawal is £5 through a bank transfer.

Withdrawals are usually processed within a day but RaceBets say this can take up to 72 hours (over holidays and weekends, etc).  Once approved by the company transfer times are standard.

There is no maximum stated withdrawal limits, again it is worth contacting them in advance if you want to make a larger transfer.  As always you may need to verify your account, withdrawal limits will be in place until you complete this,

Customer Support Services

customer serviceCustomer service isn't 24 hours a day, telephone support and live chat runs from 8am until 10:45pm (GMT), emails and the on site contact form are answered within 24 hours.  This generally is a bad thing although if you consider RaceBets support is open when most racing is on and they don't offer other sports and games, I think this is fair enough.

The best best best aspect of the support is their knowledge.  If you are a regular racing punter and you contact support at many bookmakers you find you end you having to explain bets and markets to the customer support agent.  This is not the case here, the staff know about racing, saves a huge amount of time.  They are very friendly and pleasant too, support is available in English and German.

Safe and Responsible Gambling

RaceBets have a range of tools and features that can be used to control how you bet and help towards safer responsible gambling.

Deposit, stake and loss limits are easy to set, and are offered at registration and are available to change any time thereafter.  Of course being a racing only bookie you cannot exclude yourself from sections but you an exclude your self from the site for anywhere between 6 months and permanently.  You can also take a time out from between one day and six weeks.

racebets responsible gambling

By only offering racing markets Racebets can actually be a safer place to bet if you like betting on racing but have problems or issues betting on games, casino or other products.  The physical lack of other markets and products means you cannot be temped to spin a reel.

Contact & License Details

  • Name: RaceBets
  • UK licence ref/No: 39428
  • Registered Company Name: RaceBets International Gaming Ltd
  • URL: http://www.racebets.com/
  • Customer Services: 0808 238 0022  or 0203 747 6778 (UK)
  • E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
  • Customer service and company address: Dragonara Business Centre, Dragonara Road, St Julians, STJ 3141, Malta
  • Phone betting: Not accepted
  • Text betting: Not accepted
  • Twitter: @RaceBetsCom
T&Cs Apply to Welcome Offer, New Customers Only (18+).