What is Horse Race Betting?

As the name suggests, horse race betting or horse racing betting is betting on the outcome of horse racing. It is a popular betting event, with even the British Royal Family showing up on certain race days.

Especially popular with punters is betting on the biggest races like the Grand National, Port Lincoln, Cheltenham Festival, and more. Irish racing is also popular.

Betting on Horse Racing

How does Horse Racing Betting Work?

If you follow horse races, betting on the outcome is as easy as guessing which horse and jockey paring you think will win and then bet on that. You can make single bets or you can go for the more complex bets and make accy bets, full cover bets, and others.

Can You Make Money from Horse Racing Betting?

Yes. If you get a qualifying bet, if the horse you chose is the winner of the race, or if you have a successful forecast bet, etc., you are going to make money. You’ll get the money you bet back plus your winnings. How much you will win depends on what the odds were when you placed the bet or bets.

What’s more, any earnings you make while gambling, are tax-free in the United Kingdom.

Where Can You Place a Horse Racing Bet?

You have a couple of options here. You can either head to your local betting shop or place your bet there. You can also go online, signup for a betting website, and bet from there.

Be sure to check the racing odds before betting. The odds will give you an idea of how much money you can potentially make from any qualifying bet settlement you may get.

You can also choose to bet on the ante-post markets and not just the main horse racing markets.

Betting on Horse Racing

Horse Racing Bet Types

Betting on the races is also interesting because of the many different bet types available to punters. You will have a huge range of betting options at your fingertips.

The horse racing betting markets allow punters to make single bets such as win bets, each way bets, or place bets. But more than that, it makes space for the more complex settings like spread bets, Yankee bets, full cover bets, accumulator bets, and more.

These bets are popular because they have lower stakes and often a lower starting price than single bets like each way betting. And punters have bigger chances of winning even if only a fraction of their selected games come through for them.

How to Bet on Horses

The first thing you need to do is find a horse race that you want to bet on. You can find horse races at your local racetrack or online. Once you have found a race, you need to decide how much you want to bet. You can bet on horse races using cash, credit cards, or checks.

The next thing you need to do is choose the type of bet you want to make. There are many different types of bets you can make on horse races. The most common type of bet is a win bet. This is when you bet that the horse you choose will finish first. You can also bet on a horse to finish in the top three, or to simply finish in the money.

Once you have chosen the type of bet you want to make, you need to choose the horse you want to bet on. You can do this by looking at the horse’s racing record, or by talking to other people who are familiar with horse racing.

After you have chosen the horse you want to bet on, you need to place your bet. This can be done online or at the racetrack. Once your bet is placed, all you have to do is wait for the race to start. If your horse wins, you will receive your winnings. If your horse does not win, you will lose your bet.

Is Horse Racing Betting Legal?

Yes, it is. Betting or gambling in Great Britain and the UK is perfectly legal and it is regulated by the UK Gambling Commission. Caveats do apply, for example, underage gambling is not allowed.

It is also the punter’s responsibility to make sure that they are betting on a betting site that is registered. This will be found on the website or a betting shop might display that they are registered with the UK Gambling Commission under account number so and so.

Horse Racing Betting Tips

  • Check the horse racing odds before you place a bet. That way you have an idea of what your returns could be. This goes for ante-post odds too.
  • Use up those free bets. They are given to you so use them up. It is not illegal to place a bet using free bets. Bookmakers like William Hill have said they have no issues with punters using free bets and winning with them.
  • Switch it up! Don't be afraid to diverge from your usual. Try and select new horses from time to time. Betting on the Mr. Cheeky Jackson Searle combo may be a tradition for you, but shake it up from time to time, you never know what could happen. There are many other horses out there.

Betting FAQ

  • Is horse racing betting popular with UK Customers?

    Very. It is one of the more popular events to bet on in the UK. Do Need to Sign Up with a Betting Site to Bet on Horse Racing? Yes. Betting sites need you to sign up if you are going to bet with them. New customers need to make a new account and get an account number before they go bet. You will also need to get your new account verified if you are going to start making withdrawals on your winnings.

  • Can you use free bets to bet on horse racing?

    Yes. Absolutely! In fact, some punters and bettors start betting on free bets alone. You can use your welcome bonus or even deposit bonus for your first bet. You can even go through the full amount of your bonus bets before you deposit any real money. Withdrawal restrictions and full T and Cs apply and any free bet earnings may be subject to wagering requirements. But if you bet often, you be able to compile enough wagers to meet them.

  • How to bet on horse racing?

    Betting on horse racing is easy enough. All you have to do is simply pick the horse or jockey you think would win and hope that they'd turn out to be the winner. There will be a few steps in between that, of course, but more or less, that is it. If you don't have an account on a betting site yet, create a new account first. Betting markets and sites are friendly to new customers and they're more than happy to engage and sign up new people. Interested in more than simple bet types? That's not a problem either. Most horse racing betting sites cater to more complex bets types too.

  • What is an Ante Post market?

    Ante-post markets are used in both horse racing and greyhound betting. These are horse racing betting markets that allow punters to place a bet before the betting markets open.