Best Horse Racing Sites in 2020

New to online horse betting in Canada, or unsure where to safely gamble at? This page will take you through it all. We’ll show you the best horse racing betting sites, how to bet on the sport, information on wager types and more.

Read on for our full guide to online horse betting.

TOP ONLINE HORSE RACING SPORTS BETTING SITES IN 2020
Maple Leaf Icon CANADA'S FAVOURITE
1
CANADA'S FAVOURITE
Betway Sports
2006
Bonus C$300
Payout 100%
Paytime 24 hrs
Payment Methods
visa
paypal
skrill
neteller
Play for the $3,864,206.00 Mega Moolah Jackpot
visa
paypal
skrill
neteller
Payout 100%
Play for the $3,864,206.00 Mega Moolah Jackpot
2
Sports Interaction
1997
Bonus C$90
Payout 97.22%
Paytime 24 hrs
visa
mastercard
skrill
neteller
visa
mastercard
skrill
neteller
Payout 97.22%
3
Unibet
1997
Bonus C$200
Payout 100%
Paytime 48 hrs
visa
mastercard
paypal
skrill
visa
mastercard
paypal
skrill
Payout 100%
4
888Sport
2008
Bonus C$250
Payout 100%
Paytime 24 hrs
visa
mastercard
paypal
skrill
visa
mastercard
paypal
skrill
Payout 100%
5
Pinnacle Sportsbook
1998
Bonus C$0
Payout 100%
Paytime 24 hrs
visa
mastercard
skrill
neteller
visa
mastercard
skrill
neteller
Payout 100%

How we Review Horse Racing Betting Sites

Horse racing online is big business through sportsbooks. We have an experienced expert team who review all the best sites for you. Their advice on what the best online horse racing experience looks like for bettors is as follows:

  • Security
    Security:

    Horse betting online needs to take place on sites where you believe everything is safe

  • Licensing
    Licensing:

    SSL encrypted sites that are certified and licensed are best, because you can bet with confidence

  • Bonuses
    Bonuses:

    Additional value on horse racing betting through bonuses makes bettors feel appreciated in this competitive market

  • Payments
    Payments:

    A wide range of payment methods for deposits to fund your gambling and withdrawal options for winnings is what to look for

  • Choice of bets
    Choice of bets:

    The best online horse betting sites offer you a great variety of wagers to choose from

How to Sign Up and Bet on Horse Racing

  • Horse betting is what you’re after, so choose a recommended site to gamble at

  • Find the ‘Sign Up’ or ‘Register’ button, which should be prominent on the homepage

  • Hit that and enter your personal details on the registration form

  • Security questions and answers can make your account even more protected

  • Create a username and password – mobile bettors may find a passcode easier

  • Some bonuses need promo codes to activate them, so source and enter these

  • Agree to site’s terms of use and confirm your age to complete registration

Horse Racing Wagering Options

In order to know how to bet on horse races, you need to be aware of the popular types of wagers sportsbooks offer.

Whether you place bets using British fractional odds, the American money line or take decimal prices, we can help. Our handy odds calculator tool shows you how to work out horse racing bets.

Some of the most popular horse betting types are:

    Straight wagers

  • Win

    Win

    Betting that your chosen horse finishes first in a race.

  • Place

    Place

    A wager that your horse comes first or second. You have an increased chance of a payout compared to a Win bet, but the price will be shorter.

  • Show Bet

    Show Bet

    This bet is for your horse to finish first, second or third. Three wagers are combined into one. If your selection wins, you win all three wagers. If second, two. And if third, one. The payout is smaller because the odds are shorter.

  • Across the board

    Across the board

    Why not combine separate Win, Place and Show bets together? You gamble more with three wagers in one but for greater potential profit.

  • Each-way

    Each-way

    Most popular at UK and Irish-based sportsbooks, an each-way bet is two in one. Half of your unit stake goes on a Win and half on place terms that are determined by the site. These vary depending on the type of horse race and number of runners.

  • Exotic wagers

  • Exactor

    Exactor

    You’re betting on two horses to finish first and second in the same race in a specific order. This wager is also called an Exacta in the US and Forecast in the UK.

  • Quinella

    Quinella

    This is like an Exactor, but there are two bets in one. Quinellas see you wager on two horses in the same race to finish first and second in any order.

  • Triactor

    Triactor

    Taking it a step further, you can also bet on three horses to finish first, second and third in the same race in a given order. This is also called a Trifecta in the US and Tricast in the UK.

  • Double

    Double

    Where you bet on two horses to win two different races.

  • Triple

    Triple

    Here, you bet on three horses to win three different races. This is also known as a Treble in the UK.

  • Multi

    Multi

    Also called an acca, Multis are where you bet on multiple horses to win their respective races. All legs of the wager need to win in order to receive a payout.

Jump to Top Horse Racing Betting Sites


Bonuses

In an ever-growing marketplace, attracting and rewarding your customers is something every sports betting site should do.

One classic method they use is offering bonus incentives. These largely fall into three categories:

  • Welcome Bonus

    Welcome Bonus

    • Free bet tokens once you’ve registered and made a deposit are the norm for new customers
    • If you don’t receive something for signing up to an online horse racing betting site, then that sportsbook isn’t worth your time
    • Make sure you check terms and conditions attached to welcome offers – just so you’re satisfied that the bonus is the real deal
  • Enhanced Odds

    Enhanced Odds

    • If major horse races are taking place, then lookout for enhanced odds
    • These could take the form of price boosts for a win or even extra places if many runners are taking part
    • Enhanced odds promotions are open to both new and existing customers, but remember stake limits may apply
  • VIP Club

    VIP Club

    • Regular bettors can have their loyalty to sportsbooks rewarded through VIP Clubs
    • Opt-in and place a certain number of bets each week to receive bonuses like free bet tokens
    • The VIP Club experience can make you feel special as not every user of the site will be getting such benefits

Main Horse Races to Bet On

  • Breeders’ Cup

    Breeders’ Cup

    Breeders’ Cup

    The Breeders’ Cup is the premier horse racing event in North America, held annually over two days in early November. And did you know it took place in Canada at Woodbine Racetrack in 1996?

    A series of Flat horse races around the world carry invites to the Breeders’ Cup for the winners. With events on both dirt and turf, it attracts worldwide entries.

  • Cheltenham Gold Cup

    Cheltenham Gold Cup

    Cheltenham Gold Cup

    If you prefer betting on horses over jumps and under National Hunt rules, then the Cheltenham Gold Cup is for you.

    It’s the feature steeplechase race during four fabulous days from the Cheltenham Festival held in the UK every March.

  • Kentucky Derby

    Kentucky Derby

    Kentucky Derby

    The best three-year-old North American thoroughbreds contest the Kentucky Derby at Churchill Downs in Louisville in early May.

    Nicknamed ‘the Run for the Roses’, it is arguably the world’s most famous Flat dirt race. The Kentucky Derby is certainly the most prestigious in the USA and it’s the first leg of the American Triple Crown.

  • Melbourne Cup

    Melbourne Cup

    Melbourne Cup

    Flat handicaps don’t come more prestigious or valuable than the Melbourne Cup. Known as ‘the race that stops a nation’ in Australia, there is global appeal with horses sent Down Under just to run in it.

    Held at Flemington in Melbourne, Victoria on the first Tuesday in November, horses need speed as well as stamina to win.

  • Queen’s Plate

    Queen’s Plate

    Queen’s Plate

    Not to be outdone by their American neighbours, Canada has its own Triple Crown for three-year-old thoroughbreds foaled in the country. The first leg of that is the Queen’s Plate.

    Named after Queen Victoria and first run in 1860, this race is on an artificial tapeta surface. The Queen’s Plate takes place at Woodbine in Toronto, Ontario each June or July.

Mobile Horse Racing Betting

Sportsbooks are looking to keep themselves at the cutting edge of technology. That means mobile apps for smartphones and tablets can help Canadian bettors with horse betting online.

We all take our iPhone, Android or other devices with us everywhere we go. Gambling on horse racing online has never been easier with streamlined experiences through downloaded betting apps.

Conclusion

You’ve seen the top online horse betting sites that our experts recommend. By using one of those, you’re sure to get the most out of horse betting online.

For more information about this sport, we have region specific pages dedicated to horse racing in different countries. As well as for the high profile races. You can also check our homepage, which is well worth visiting for all things gambling related in Canada.

Horse Racing Betting FAQs

Where can I find information about horse races?

Any of the recommended sportsbooks on this page have tons of info about upcoming horse racing events. You can view the latest odds, dates and times of races, and crucially which racehorses are entered.

How do the odds work in horse racing?

Depending on whether fractional or decimal prices are offered, this is how odds work in horse racing. With decimals, the prices give you a total return. If you wager $1 at 3.25, then you receive $3.25 on a winner ($2.25 profit).

With fractions, the number on the left is what you win and on the right is what you need to stake. For instance, the price 9/4 needs a $4 stake to generate $9 profit and total returns of $13.

How much can you win by betting on a horse?

The simple answer? A lot. What you win reflects the amount you staked and the price or odds you took.

Are there horse racing wager limits that I should be aware of?

Not necessarily, but it depends on the site in question. Some sportsbooks will set limits on maximum payouts to bettors.

Check out our list of top horse racing betting sites at the top of this page to find and compare these.

Are horse racing bets fixed?

No. Horse racing and sportsbooks are both regulated by various authorities so that all events and betting are fair. Sites must comply with industry rules and gambling laws or risk losing their licenses.

Where can I find a trusted horse betting site?

Use our comprehensive reviews and rankings of the best sites for horse betting in Canada to find one that suits you.

Our top 5 recommended gambling sites for betting on horses are:

  • Betway Sports
  • 888sport
  • Spin Palace Sports
  • BetOnline
  • SportsBetting
Where can I watch horse races live online?

Plenty of sites have horse racing online streams you can access if you’ve placed a bet. Minimum qualifying stakes vary. You can even watch these on mobile.

How do horse racing payouts work?

Horse racing payouts are no different to any other form of sports betting, unless you have taken best odds guaranteed.

This popular promotion offered by sportsbooks guarantees you a payout at the starting price a horse is sent off for a race, if the odds are bigger than what you took.

For example, you bet on $5 on a horse at 5.00 but it has a starting price of 6.00. Normally, you would receive a $25 payout. With best odds guaranteed, you get $30 – $5 extra profit.

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