Rank
Rank 30/100
Welcome Bonus
Welcome Bonus Up to EUR100
Racebets
Racebets

Racebets Review

Players:
No data about your country
Online Since:
2009
License:
UK Gambling Commission, MGA Licence number MGA/CRP/108/2004,
Location:
Malta
Rating:
4.8
Owner:
Betsson Group
Currencies:
EUR, GBP, NOK
Minimum Deposit:
5€
Withdrawal Speed:
1-3 days
Ratings Breakdown
Overall
96%
Banking
100%
Bonuses
100%
Customer Service
100%
User Interface
100%
Payment Methods
80%

Racebets is a sportsbook dedicated exclusively to horse and greyhounds racing betting. It stands out from the other bookmakers and racebooks due to its special wagering options, bonuses, and a number of events covered within a single platform. In the Racebets review, we will describe all features, mention their pros and cons and give you an unbiased opinion of how Racebets works and treats its customers.

Overall Info

Racebets has only horse and greyhound races in their line; it is a platform fully dedicated to dog and horse races and does not offer any side activities as many gambling websites do. It allows Racebets to provide the customers with superior coverage of the races worldwide, including various local events in the United Kingdom, USA, African and Asian countries.

Being initially a German bookie, Racebets has grown into an international platform, accepting users from more than sixty countries, including Austria, United Kingdom, Australia, Canada, Lithuania, Malta, Mexico, Serbia, Slovakia, the United States, and more.

The website is available in seventeen languages, including English, French, German, Russian, Japanese, Italian, Chinese, and more.

Racebets history

Racebets website started as a part of Bet-At-Home, an established European bookmaker, in 2006 and performed as a local German sports betting site. In three years, they developed into an independent racebook and started to provide their services worldwide as a Maltese bookmaker at two websites Racebets.com and Racebets.de. Later, Racebets became a part of the German Thoroughbred Racing Association. At the moment, Racebets is one of the world’s leading online sportsbooks focusing on horse racing bets.

Racebets review

Racebets official site

Bookmaker License

Racebets is regulated by RaceBets International Gaming Limited; the company is located in Malta. There are two websites available at the domain addresses RaceBets.com and RaceBets.de. To provide the betting services globally, Racebets holds the following gambling licenses:

  • Malta Gaming Authority, license number MGA/CRP/108/2004;
  • Regierungspräsidium Darmstadt license, issuance date 26/08/2015;
  • The UK Gambling Commission license;
  • Irish National Excise License Office approval.

Such support from the top tier gambling organizations inspire trust in Racebets’ fairness; besides, their customers can receive additional protection from the partner services Racebets works with:

  • eCogra, an independent regulatory organ;
  • European Dispute Resolution;
  • German Bookmaker Association.

How to register at Racebets?

To become a part of Racebets, you must first press the ‘Register now!‘ button on the right upper corner of the page. You will be transferred to the sign-up page to fill in the information: your email address, full name, country, currency, residential address, and date of birth to confirm your identity before your first withdrawal. There is no quick registration via social networks or a mobile phone, but it still takes no longer than a couple of minutes.

Registration at Racebets

Registration panel

Racebets Sportsbook Review

Racebets does not offer anything but races; being one of the largest digital racebooks, it covers most races worldwide, provides a live streaming service, and involves various race types. You can select Current races and Ante-Post betting; each section has Gallop, Jumps, Trot, and Greyhounds options.

The main page of the sportsbook has information about the upcoming races, Best-Backed Runners of Today, and Head-To-Head markets. On the left side of the page, you can select the countries where you want to find available events. Racebets covers the following regions:

  • United Kingdom;
  • Ireland;
  • South Africa;
  • France;
  • Norway;
  • Brazil;
  • Chile;
  • Hong Kong;
  • Germany;
  • France;
  • Dubai;
  • Australia;
  • Japan;
  • Turkey;
  • The United States;
  • Canada, and more; overall, forty countries.

When you open the sportsbook, you will only see the countries with available races, but there are always at least ten regions with events you can wager on. You can set your preferences and select particular countries you want to receive racecards for or switch off the greyhounds offers to solely focus on horse racing.

Pre Match Line

The line features one of the most detailed coverages in the industry, with races from forty regions, including small local tournaments, so this racebook can attract a large audience worldwide.

Gallop races:You can wager on Gallop races, where the jockey rides on the horse’s back; the Gallops involve Flat (short distance races without obstacles) and Jump races with fences and hurdles.

Among the top popular covered Flats are the St Leger Stakes and the Epsom Derby; the Jump races include famous National Hunt races in the United Kingdom like Champion Hurdle.

racebets betting line

Bet line

Another option is Trotting when the horse pulls a cart with a jockey in it and has to move with a specific gait to avoid disqualification. Being a pretty niche discipline, Trotting does not involve many markets and is not always available at Racebets.

Each race card contains important information about the track and horses, for example, race type, minimal weight and age, field limit, and surface type. You can see the weight of each jockey, jockeys and trainers’ names, and the favorite of the race. Some races include a short preview where Racebets provides brief information about the best horses in the upcoming tournament.

Most races involve standard Winner markets, but the others can have a wider offer with the following markets:

  • Place Bets;
  • Show Bets;
  • Win/Place/Show bet;
  • Each-Way Bet;
  • Ita Bets;
  • Trita Bet;
  • Forecast Bet;
  • Quinella Bet;
  • Tricast Bet;
  • Trio Bet;
  • Swinger Bets;
  • Superfecta Bets;
  • Pick Bets.

One of the most popular markets is Head-to-Head, when you choose two horses and predict which will come first, disregarding which place they rank in the end among the other horses.

You can add either single bets or accumulator bets to your bet slip; the accumulator at Racebets can contain a maximum of eight races, with some rare exceptions. The accumulator systems you can select from are the following:

  • X of Y Rows;
  • Trixie;
  • Patent;
  • Yankee;
  • Lucky 15 (Super Yankee);
  • Lucky 31;
  • Heinz;
  • Lucky 63;
  • Super Heinz;
  • Goliath.

If you are not too experienced in wagering on horse and greyhound racing, Racebets features a special blog with RaceBets betting tips, a large comprehensive betting guide, various top race reviews, stories about the jockeys, horse breeding, and more.

Live Betting

As a horse race does not typically last more than two minutes, traditional live betting features like Soccer, Basketball, or other sports, are not customary for horse or dogs racing. Thus, Racebets live betting is not supported in the ordinary way.Racebets offer you to wager at Ante-Post odds, given long in advance before a race starts, or make bets on the upcoming races. On the event’s day, the odds change regularly; every race card contains information on the odds fluctuation.

Racebets live

Live betting

Racebets Odds

Racebets supports three odds types typical for races: fixed odds, available for certain markets, Tote odds, coming to a betting pool, and Starting prices, that are published at the moment of the race start. The odds are not the highest in the industry compared to the other sports disciplines, but generally, the offer is pretty lucrative if we look at the horse racing markets at various big sportsbooks.

Margin:The average margin is approximately 10%, which is more or less typical for races.

The odds can change every several minutes when it comes closer to the race start, so we recommend monitoring the racecards to catch the most profitable prices.

You can choose between Fractional and Decimal odds formats.

Live Streaming Service

Most races are broadcasted via the in-house live streaming service. To watch the races, you must switch to the Streams tab and see the list of the available streams. The drop-down list box includes the current streams and the upcoming events. The races are streamed worldwide; for instance, at the moment of writing, we found the following events available for watching at Racebets:

  • Germany (Gelsenkirchen);
  • Brazil (Cristal);
  • France (Deauville, La Rochelle);
  • Chile (Hipo Chile);
  • United Kingdom (Redcar, Sandown, and more);
  • United States (Saratoga Tb, Pimlico, and more).

The particular accent is made on the Canadian and US races: all the races that have available markets on Racebets can be watched live. To watch any streams, you must be a registered customer with a positive deposit. If a particular race is available for live streaming, you can quickly enable the broadcast from the racecard. You can set the live streaming quality and choose between high and medium quality depending on your Internet connection speed.

racebets in play betting

Live streams

Racebets Casino Review

Racebets site is totally focused on horse and greyhounds betting, so they do not feature any other services, like many other digital bookmakers: you will not find a casino, live dealer tables, slot machines, or any other online games like Poker, Bingo, or Lottery in their platform.

However, there is a range of betting games you can opt for instead of standard wagering with the racecards. The list is the following:

  • Pick 6: a jackpot game with cash prizes: you can receive points for adding tips for the selected races, predict the winners of the races, etc.;
  • Login Game: Racebets daily selects a random customer from all members who have made at least one deposit. If this person logs in on the same day, they will earn the jackpot; otherwise, the jackpot pool will increase by €10;
  • Bash The Bookie Tipping Games: a game where you make your betting picks playing against a bookmaker.

Besides, you can wager on Virtual races.

Customer Service

RaceBets features a large Help Center containing customer support agents’ contacts and piles of helpful information you can read before you call or send a message to an advisor. You can find FAQs divided into categories as follows:

  • The most popular questions;
  • Account;
  • Verification;
  • Deposits;
  • Withdrawals;
  • Betting;
  • Technical Queries;
  • Bonuses.

Besides, a comprehensive horse racing betting glossary may help beginners and detailed information about the bet types.

If you still want to reach a customer support team, you must note that they do not provide around-the-clock service and are available daily from 10 a.m. to 10:45 p.m (London time). The contact methods are the following:

  • Live Chat, messages are responded to within a minute or less;
  • A Callback Request: the manager will call you back within fifteen minutes to an hour period;
  • Email: typical response time is thirty-sixty minutes.

Besides, you can send messages via social networks: Facebook and Twitter. All advisors perform professionally and are willing to help punters with all types of questions; it is usually rated highly in various Racebets reviews, and our test requests we made to review RaceBets also showed that you can expect a polite, comprehensive, and quick reply whatever contact method you opt for.

racebets support

Help center

Racebets Bonuses

At the moment, Racebets offers six regular promotions for the customers, including the welcome bonus and a loyalty program. The promotions page includes seasonal offers, so we recommend you to check the available bonuses regularly as the new ones are added regularly.

However, not all customers are eligible to claim all bonuses. For instance, the initial welcome bonus is exclusively available for a limited range of countries as follows:

  • Australia;
  • Austria;
  • Finland;
  • Belgium;
  • Germany;
  • India;
  • Ireland;
  • Malta;
  • Norway;
  • Sweden;
  • United Kingdom;
  • Mauritius;
  • Switzerland.

Besides, there might be a payment method restriction, so we recommend checking full terms and conditions.

Bonus typeBonus conditions
Welcome BonusCreate your RaceBets account and make your first deposit of at least €10 and enter a promo code WELCOME. You will receive a 100% bonus deposit match. The wagering requirements are five times. The maximum bonus amount is €50.
5% Stake Bonus for the US racesRaceBets daily offers selected US tracks daily and highlights them with a red banner. All bets you place on the selected race are qualifying for the 5% stake bonus added automatically to your deposit within 24 hours after you place your bet. The maximum bonus amount is €30 per race.
Indian Win BonusAll Indian races are the subject of a 10% winnings bonus. Place a bet on the day of race betting markets; if your bet wins, you will receive 10% of your winning amount credited to your deposit within 24 hours. The maximum bonus amount is €25 per race.
Mauritius Races BonusAll Mauritius races are the subject of a 10% stakes bonus; the maximum bonus amount is €25. To opt for the bonus, simply visit Racebets and wager on the Mauritius races. The bonus wagering requirements are three times.
RaceBets Rewards ClubOpt-in for the promotion by entering the promo code REWARDS. Place horse bets from Monday to Friday and receive free bets in return. The free bet amount may vary from €5 to €20, depending on your stake amount. The qualifying stakes vary from €25 to €100+.

Deposit and Withdrawal

RaceBets offers the most popular payment methods available worldwide; the selection may vary depending on your country’s choice, and some local banking options can be added to the list. The general listing of the international banking systems is the following:

  • Visa/Mastercard/Diners Club Credit/Debit cards, deposit limits: €10 — €5,000;
  • Bank Transfer, deposit limits: €5 — €25,000;
  • Klarna (Sofort), deposit limits: €10 — €5,000;
  • Skrill, deposit limits: €10 — €20,000;
  • Neteller, deposit limits: €10 — n/a;
  • PaySafeCard, deposit limits: €1 — €1,000;
  • RaceBets Voucher, deposit limits: €1 — €1,000.

Among the local payment systems are Netpay (EPS), Nordea Finland and Sweden, Trustly, Giropay, PayPal, Maestro cards, eNets. The deposits are free of charge, but specific payment systems, for instance, e-wallets and Visa or Mastercard, can take their own fees.

Attention!:If you have not verified your account, you will have withdrawal limits depending on your activity, so RaceBets recommends you verify your account soon after the registration to enable quicker withdrawals with higher limits.

According to RaceBets’ policies, you must withdraw using the same method you opted for to top up your account. If you used two or more deposit options, you would have to split the payout and receive it via several payment systems.

Special Betting Options

RaceBets provides the customers with a range of convenient tools to make your experience easier and attract a large customer pool, from the very experienced punters to novices. The special betting options are:

  • Tracking Tool: this feature allows you to add any horse from the racecard to the favorite list by clicking the star icon next to its name. Using a pencil icon, you can make notes about this horse. Besides, RaceBets will send you email notifications when one of your favorite horses participates in a race, and there are available markets for it;
  • Statistics: RaceBets offers three types of statistics available under a dedicated tab: Form Guide, Jockeys, and Trainers. Each section involves a search by horse name or trainer/jockey’s country;
  • Betting tips: betting guides, tips, and race reviews;
  • Preferred Stakes: you can set the amount of the preferred stakes in EUR or USD and enable automatic or manual confirmation of every bet slip;
  • Events Calendar: all the upcoming events schedule is set up in a calendar for three days to come;
  • Best Odds Guaranteed for all UK and Irish Races.

Racebets Mobile

We were pretty surprised to see no native apps available in the App Store or Google Play as Racebets sets itself up as a modern and quickly developing high-tech company, so we regard the absence of an app as a con. However, on-the-go betting is available at the mobile version of the site with the same options and features you can find on the web version. The overall look of the mobile website reminds you of a typical app design and allows you to set your preferences, choose a language and betting odds format, watch live streams, make deposits and withdrawals, and check out the daily highlights.

Our Verdict

RaceBets is superior in terms of coverage; there is a rare sportsbook that offers so many racing events worldwide and embraces various race types and markets. We particularly like the live streaming quality and the number of available streams. You can customize your account and set preferences. However, RaceBets has pretty narrow betting limits and will not be convenient for high-rollers, and most odds are comparatively high.

The overall offer is very specific and is aimed at a niche category of bettors. There is no use to compare it with the traditional sportsbooks with various sports and entertainment bet options, as the website is unique for being focused on only two sports types. If you are a horse racing enthusiast and do not look for high profits, you might be fully content with the options and features of RaceBets.

Is RaceBets legal in the USA?

RaceBets accepts punters from the United States. However, the website does not hold any gambling licenses in the USA and is not considered a legal site in any state, so you will not be protected by the government if you wager at RaceBets from the US. Still, it will not be a law violation unless online gambling is banned in your residential state.

Which license does Racebets hold?

RaceBets International Gaming Limited with its headquarters in Malta. The company holds four gambling licenses from the following jurisdictions: Malta Gaming Authority (license number MGA/CRP/108/2004), Darmstadt Gambling license in Germany (issuance date 26/08/2015), The UK Gambling Commission license, and the Irish National Excise License. All gambling organs accept direct inquiries from the customers and provide all sports betting sites' users with a high level of protection from fraudulent action, fair gambling principles violation, and match-fixing scams.

Where can I watch live streams on Racebets?

To watch live streams on RaceBets, you must be a registered customer with funds on your deposit. You can access a live stream from a race card or check the Streams tab to see all upcoming broadcasts.

Is there a live streaming service on Racebets?

RaceBets offers live streams for the majority of races worldwide. You can choose between the high and medium quality of the video and watch them in a separate tab. The streaming offer involves all races in the USA and Canada.

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