RaceBets Review Summary
The following article is an in-depth RaceBets review, where we analyse the specific areas of this particular bookmakers business to decide if it is safe to use, trust and most importantly of all, recommend.
As a customer, you have a bewildering range of bookmakers that you can choose to bet with. Virtually all are betting supermarkets, offering markets on a huge range of sports. Their coverage tends to be very broad, although not particularly deep.
RaceBets (full name RaceBets International Gaming Ltd to be precise) is very different. This is a specialist betting site that only offers markets for horse and dog racing. First launched in 2005, they now offer the most-comprehensive range of markets available online. You can bet on horse racing action taking place in 40 different countries, from Australia to Zimbabwe. This means that account-holders have the opportunity to bet on hundreds of different races, every day, should they wish to.
They also offer the best daily promotions that you can find for horse racing. Once a customer has deposited and bet a minimum of £10, they qualify for RaceBets daily £5000 Jackpot Freerolls. Select the winning horse, in all of the selected races (usually 6 or 7) and you will win a cool £5000.
That money is paid in cash and can be instantly withdrawn. It is not bonus money that needs to be bet through several times. You only need to have deposited and bet once, since opening your RaceBets account, to qualify for today’s and all future Jackpot Freerolls. That’s what makes the offer such good value. Even if you have busted your account, you can still play the horses every day and for big money.
They also have another excellent daily offer. If you bet a minimum of £25, at the selected ‘Bet & Jet Club’ meeting, you will be paid £5 in bonus cash to bet on the next day’s selected meeting. ‘Bet & Jet Club’ meeting.
On top of this, they will refund your stake if your horse gets beaten by a nose, falls at the first fence, takes a wrong turn, or refuses to race. If your horse wins and gets disqualified, by the stewards, they will still pay you out as a winner.
You can also make head to head bets, enabling you to back one horse to finish ahead of another – with fixed-odds. Plus customers get access to the biggest range of ante-post markets that can be found online.
It all goes to show how much more can be achieved when a betting company chooses to specialise in a certain field rather than attempting to cover every sporting event under the sun.
RaceBets New Account Offer
The £50 matched-deposit welcome bonus is one of the best in the industry. This is paid-out as bonus cash and requires 5x wagering, prior to withdrawal. Here are the steps to clearing the full Welcome bonus.
- Deposit & Bet £/€50 on RaceBets (selections must be greater than 1.5 (1/2 fractional odds)
- Once your bets have been settled to the total of £50/€50, go to the bonus overview page and enter bonus code WELCOME
- £50/€50 in bonus cash is now added to your account and is ready to be used for betting.
You must wager this amount 5 times before you can withdraw the bonus cash or any winnings associated with it. This is exactly the same wagering requirement as per Bet365‘s welcome bonus, so if you are used to that, you will have no issues with RaceBets Welcome bonus.
RaceBets Live Streaming Review
While RaceBets offers a greater number of live racing streams than all of its competitors, the fact that UK and Irish customers are not able to watch UK or Irish races live is disappointing. Customers who live outside of the British Isles can watch the UK and Irish streams, along with all of the others. UK & Irish customers can, however, watch live streams from South Africa, Mauritius, Germany, Meydan, Singapore, Malta & Zimbabwe.
RaceBets Site Design and User Friendliness Review
The site is very easy to navigate, with all meetings reachable in a single click from the homepage. Using the calendar, you can easily find results, or upcoming races taking place in the following days. The site is optimised for mobile devices and works well. There are two other things we noticed that give major plus points to the user friendliness score of this bookmaker. These are 1) the site is lightning fast, so no hanging about when trying to place a bet and 2) the win/place results are settled within 90 seconds. Head to head special bets usually take a minute or two longer to settle but we can live with that.
RaceBets Racecard Design on Desktop
RaceBets Racecard Design On Mobile
RaceBets Withdrawal Speed
The maximum delay on withdrawals is 48 hours, although most transactions are completed well-within this period.
Deposit & Withdrawal Options
Once you are logged in, you navigate to the deposit section (not hard to find as a big green button follows you around the screen!). Once there, you choose the country you are from. Do not worry it defaults to the options that are available based on your registered address. Below you will see I selected the UK and the options available are as follows:
- Diners Club
- Bank transfer/wire
- PayPal (Yes, this is a betting site that accepts PayPal)
- Paysafe Card
- RB Voucher
At RaceBets, you are allowed to withdrawal to multiple withdrawal options, but as like most bookmakers, they have a “closed loop” policy. This means you must first withdraw to the same deposit option chosen for your very first deposit. So, if you deposited £200 via Skrill when opening your account, and you won £400, you would have to withdraw the first £200 to Skrill and then you could withdraw the rest to any other withdrawal option, such debit card, bank transfer, Neteller, etc as long as they have been set up and verified. You can verify any other option by making a minimum deposit with that payment method.
RaceBets Customer Service Review
Unlike many betting companies, they do not outsource its customer-service department and you will be communicating directly with RaceBets staff who are native English speakers. You can contact them via email, or by using the live-chat facility. What most people don’t know and this also applies to other RaceBet reviewers is that they are open to receive phone calls and live chats well after “office hours”. RaceBets office hours fall in line with the UK racing schedule. Therefore during the summer time, you can contact their customer support team up until 10 pm UK time every day except Sundays. During the winter, they are open until 10 pm on Wednesdays, Fridays and Saturdays when there is evening All weather meetings on in the UK.
The English customer support team are staffed by lovely UK, Irish, Scottish and Welsh employees and do their upmost to help.
The German customer support team are also very polite and all are bilingual so can always help put during busy Racing periods in the UK and Irish racing schedule, such as Cheltenham, Royal Ascot, etc.
The Scandinavian customer support team is quite new and growing fast, so if you like Trot racing, then they have expert and knowledgeable staff also, who can help you out with all your harness racing questions.
Site Features Of RaceBets
Interactive Menu on Desktop/Laptop
Because of the wide array of horse and greyhound racing events on offer, you have the ability to select what type of races you would like to be shown when you are logged in. You can choose between the following categories; flat horse racing, jump horse racing, trot racing or greyhound racing. As RaceBets offers 40 countries to bet on, this is a fantastic tool to only see the races that you want to bet on. You can also reorder the countries under your account settings, so if you prefer USA racing over UK racing, you can set your preferences to always show USA racing first!
Innovative Form Guide
Horses Abroad Section
RaceBets are the only bookmaker to have this feature. It lists horses who are running abroad. The company prides itself on its international flavour and this section helps you keep track of horses you like or follow that may be running in big prized events outside your normal betting country.
Daily £5,000 Jackpot Freeroll
If you can predict all the winners of the selected daily races, then you will win (or share) in the prize-pool of £5,000. It is free to enter for all members! Full t&c’s here.
Daily £5 Free Bet & Jet Club
If you bet £25 or more on the day’s selected racing event, you will get a free £5 bet to use in the following day’s selected qualifying event. No wagering requirements, just a no questions asked free bet. Full t&c’s here.
Big Race Promos
This horse racing specialist company have lots of weekly promotions and you can see all of them updated on their offers page. Here is a selection of the type of big race promotions they offer:
- Money Back If 2nd In All ITV Handicap Races
- Quarter Odds All ITV Racing
- Best Odds Guaranteed on UK, Irish, South African & UAE racing
- Enhanced Place Races
- Bash The Bookie Tipping Competition
- 10% Stakes Bonuses
- 10% Winnings Bonuses
Betting Markets & Odds Quality
RaceBets offers horse racing from 40 countries. But what is even more impressive is a number of fixed odds horse racing markets they offer from that list.
You will find fixed odds for the following markets:
- South Africa
- Hong Kong
You can also find fixed odds day of race markets for all the big Global race meetings, including USA, Australia, Japan, Singapore, Denmark, Norway, Qatar, Italy, New Zealand, Turkey, Canada to name but a few.
RaceBets also offer the most comprehensive ante-post betting markets, coming from all the countries previously mentioned. They are first to market with ALL the international races and never far behind pricing up the UK and Irish ante-post races either.
Are The Odds Competitive
We noticed that they are not front runners or either hold up horses with regards to odds when in comparison with all the other bookmakers. If you had to describe their quality of odds in horse racing pace terms, it would be “prominent runner”, never too far behind and occasionally taking the lead. This means that you will always find at least one or two prices per market that is top of joint top compared to all the major betting outlets. This means that they are willing to push out prices when they do not fancy a selection.
As this now 11-year-old company only offers horse and greyhound racing, they do not have an in-play offering. However, horse racing betting is a very innovative industry and we are sure it won’t be long before some form of betting in running functionality will be offered by them.
There is an overall €100,000 winning limit per week per customer at RaceBets. This has increased by €50,000 since early 2016. Please note though that there are also different winning limits per course category. There are 4 categories and Class 1 course category includes all the main tracks in UK, Ireland, France, Germany etc where races are incredibly well regulated and therefore maximum limit is of course applied. For small tracks in more obscure countries, there are smaller limits to reflect the chance of some shady business occurring there.
Security and Safety
As RaceBets was originally a German brand, their business model has been sensible and always customer first focused. They are the only company in Europe to be granted the German Horse Racing Bookmakers licence and they also hold a licence from the United Kingdom Gambling Commission, the Irish Government and the Malta Gaming Authority.
When it comes to safety and Security, RaceBets is 100% legit and not a scam company.
There is no question that this company is the top bookmaker in the world for horse racing now and anyone who is serious about betting on the sport should get an account. If you like our RaceBets review, please share by clicking on one of the buttons below.