Betting on horse racing is a common pastime for many Australian punters, and as a result there are many bookmakers that focus strongly on this form of betting. In this article, we at we'll take a look at what to look for to find a good horse racing betting site, as well as some of MyBetting Australia's top choices and a few of the bet types that you can place.
TOP ONLINE RACING BETTING SITES 2023
Best Horse Racing Betting Sites
What to Look for in a Horse Racing Betting Site
Above, we’ve listed some of the best horse racing betting sites according to our research, but you might be wondering just how it is that we come to these conclusions. What exactly is it that we are looking for when we analyse a betting site, particularly in relation to horse racing?
Unsurprisingly, the first thing that we look at is the odds that are on offer. This is where bookmakers basically all differ, even if it’s only slightly, and selecting a bookmaker that offers superior odds to most or all of its competitors is a good way to reduce the edge that betting sites have. Typically, alongside this we would also look at the range of markets; this is certainly the case for horse racing too, though in general most major bookmakers will offer many of the same markets and odds on the vast majority of races both in Australia and abroad.
Outside of those factors, we also take into account how easy it is to bet with a particular website. Predominantly this comes from the quality of both their desktop website, and increasingly their mobile app (and whether or not they have one). Being able to quickly and easily access the markets that you wish to access and place a bet is pivotal for any horse racing betting site, so we always look closely at how a bookie performs in this area.
Rounding out the list of things that we consider is things like the quality of the customer support available and the number of payment methods. A good customer support platform is key to ensuring that punters are well looked after if they need help solving any issues, while it’s also important that your preferred payment method is available – or at least one that you can easily utilise.
By considering all of these factors, we believe that we arrive at informed conclusions about which bookmakers are best to use when betting on racing.
Our Recommended Betting Sites for Horse Racing
|PlayUp hasn’t been around for all that long, but it’s quickly developed into a popular choice among punters, particularly for racing. This is a betting site that keeps things simple, focusing on providing punters with a very easy platform for betting (both on their desktop site and their mobile app), while good fixed odds for both sports and racing complement the various other strengths of this bookie.|
|WinnersBet is another new bookmaker on the scene, though they are even less experienced than PlayUp. The site was started by a well-known racing bookmaker, and while they have plenty of work to do in some areas, for racing punters they can be a pretty decent option. Like PlayUp they offer a really functional website, and they also have a clear focus on racing – unsurprising given that was the specialty of the man who opened the betting site.|
|A stark contrast now as we take a look at one of the biggest and most experienced bookmakers not just in Australia, but the world. Bet365 is a dominant force in the betting world for many reasons, and the extremely competitive odds which are among the best in the industry for both sports and racing is one of the most significant of these reasons. They provide odds on all races you would expect, offer all the markets that you could imagine, and as mentioned give their punters great value, and with it all accessible on their high quality desktop site and app this is definitely a horse racing betting site to consider.|
|Unibet is another strong force in the betting world, having been a major part of the global betting scene for a number of decades. And also like Bet365, they excel predominantly in their elite fixed odds and wide range of markets. Their website is something of a weakness and can be a little frustrating to use on occasions, but with their odds on racing close to the best in the industry, their flaws are offset to a large extent by their notable strengths.|
|Rounding out our list of top horse racing betting sites is Palmerbet, another experienced bookie but one which doesn’t get the fanfare of the aforementioned two. Palmerbet excels in their execution of the fundamentals, performing very well on virtually all of our key metrics and making it hard to find any significant flaws. Their racing offering lives up to this standard, with good odds and solid market selection available on their easy to use website and app.|
Best Horse Racing Betting Sites Features
There are a number of features which help some of our top bookmakers to stand out from the crowd when it comes to betting on horse racing. In this section, we’ll take a look at some of these features, beginning with live streaming.
Live streaming is something which has become increasingly available on different bookmakers, offering registered customers to watch live sport and racing action directly on the betting site – typically with the prerequisite that they have money in their account or have placed a bet in the last 24 hours. Exactly what is available to stream is different on every betting site, but something which is available on a handful is live streaming of Australian and sometimes international horse racing, with Bet365 and Unibet two examples of bookmakers who offer this service.
In a similar vein, live betting is another live feature which can be valuable for punters betting on horse racing. This is also something which is becoming increasingly available, though typically most people would associate it with betting on sport rather than racing. However, it has relatively recently become available for racing too, with odds provided after the jump for punters who wish to bet in this way. It’s worth noting that the margins are typically greater for the bookmaker with their live odds when compared to their pre-jump odds, but nonetheless if you’re confident that something you see during the race gives you an edge in predicting who might win this can be worth considering, and makes bookies who offer it that much more attractive a proposition.
Finally, the existence of a high-quality mobile app is particularly important when punting on the horses. Often, you’ll be betting on numerous races and may need to navigate quickly to the relevant part of the betting site, so using a site which functions slowly can be frustrating. Having an app which functions effectively can make it that much easier to get where you need to go quickly.
Best Horse Racing Betting Sites Offers and Promotions
Offers and promotions are something which are available with virtually every bookmaker, though it’s rare that two betting sites will be even remotely similar in terms of their promo offerings. In line with Australian regulations, you can’t see what promos are available with a bookmaker unless you’re signed up and logged in, but with those that you are signed up with you’ll notice plenty of different types of offers.
It’s common for these promos to relate to horse racing, particularly on bookmakers with a focus on this aspect of betting, though the nature of them is not always the same. One common horse racing related promo that you’ll come across reasonably regularly is a bonus back if your selection runs within a certain margin of the winner. For example, it may be that you can get a bonus bet back if the horse you bet on to win finishes in the top three for certain races. With bookmakers that offer same race multis, you also might find at some meetings that you can get your money back as a bonus if only one leg of your SRM fails, for example.
There are also certain offers which might not pertain specifically to horse racing, but which can be used for it. For example, if you get a sign up or deposit offer which will see a bookmaker offer you a bonus bet to a certain value, this can evidently be used on horse racing, meaning that while it’s not a horse racing specific promotion, it still can be used to your benefit in this area.
How to Bet on Horse Racing
So now you know a little bit about some of the best horse racing betting sites, and what to look for in individual bookmakers that makes them a candidate to be rated as such. Now, it’s time to look at the actual process of betting, and the different bet types that you will be able to punt on.
Horse racing bet types
The most common type of betting on horse racing, as you probably already know, is win and place betting, which requires you very simply to select a horse to either finish the race in first, or in the top three – or both, known as an each way bet. There are, however, a multitude of alternative bet types that you can consider too. Bets known as exotics include things like quinella and exacta – which require you to pick the two horses which will finish in the first two, in any order and in the order they finish respectively. For a trifecta you need to pick the horses which finish in the top three, while first four is even tougher, requiring you to pick the top four finishers. Our top betting sites for horse racing like PlayUp, Bet365 and co will all offer these types of bets, while they’ll also allow you to bet on a ‘quadrella’ – which requires you to pick the winner of four consecutive races. In some cases, certain bookmakers will also let you put on a same race multi, which lets you pick multiple outcomes from the same race – such as two or three different horses to finish in the top four.
Top racing meets
The most common races on which Australian punters bet on are those which take place in Australia. These meets take place around the country, with mid-week races generally in the country with the exception of certain city meets which are often on Wednesday. Then, come Saturday, generally the bigger races are run, many of which are in major cities at the biggest racetracks in the country. These are the races for which there is the biggest quantity of bets, and for which bookmakers will often offer the most promos.
Does every bookmaker offer live streaming on horse racing?
Unfortunately, not every bookmaker offers live streaming on horse racing. Typically it’s only the bigger sites who will have this option, and of those that we’ve listed as the best options, Bet365 and Unibet are two examples of bookies with whom you can watch races live.
Does every bookmaker offer live betting on horse racing?
The answer to this one is no as well, though there are an increasing number that do. Generally, with those who do you’ll just have to be on the page for a given race when that race begins, and then live odds – which can fluctuate relatively rapidly – will appear on your screen.
Which horse racing betting site offers the best odds?
There are a few bookmakers which tend to be among the best in this regard, and many of our top bookies fit into this category. Bet365 is always up there among the best as is Unibet, while PlayUp is another which generally has competitive odds.
Do horse racing betting sites also offer sports betting?
Yep – virtually all of them do, though the number of different sports and range of markets on sports offered will vary. You’ll struggle to find any bookies, however, that offers horse racing markets but no markets on spots.
Can I bet on horse racing on my mobile?
Yes, you can. Obviously the prerequisite is that the betting site that you are using has a mobile app or at the very least a mobile site, but these are very common and can be an easy way to bet on the horse racing.
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