Betting that your chosen horse finishes first in a race.
Horse racing betting in Canada and the industry in general generates billions of dollars to the country’s economy. To join in on the fun, we’ll guide you the way by showing you the below and more:
Take a look at our video below which explains win and each-way betting, the most popular markets in horse racing.
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:
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
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:
Betting that your chosen horse finishes first in a race.
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.
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.
Why not combine separate Win, Place and Show bets together? You gamble more with three wagers in one but for greater potential profit.
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.
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.
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.
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.
Where you bet on two horses to win two different races.
Here, you bet on three horses to win three different races. This is also known as a Treble in the UK.
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.
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:
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.
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.
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.
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.
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.
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.
The simple answer? A lot. What you win reflects the amount you staked and the price or odds you took.
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.
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.
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:
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.
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.