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RaceBets Review

Updated: 20/01/2021 Markets
Written by Martin Backhouse Last updated on %s 20/01/2021 Markets
Bonus Bet £10 Get £20
Terms & Conditions

You must use RaceBets Bonus Code
Skrill, Neteller, PayPal, and Pre Paid Card deposits excluded
£10 Minimum Stake
1/2 Minimum Odds
Bonus bets (2x £10) can only be used on win or e/w singles on International races
Full T&Cs apply
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Payment methods VISA, PayPal, Neteller, Skrill, Maestro
License UKGC
Games Sports Betting
Betting features BOG, Live Streaming
Last update Reviewed in
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£30 Bonus
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Attention! RaceBets Withdraw from the UK

As of September 1st 2020, Racebets have withdrawn from the UK market. This means you won’t be able to register a new account if you’re based in the United Kingdom. They still accept players from elsewhere though.

If you’re looking for the UK’s best online betting sites then look no further than our in-depth reviews.

Here’s a look at how we viewed RaceBets prior to their decision. They may still be a viable option for online betting if you’re based elsewhere.

RaceBets Review – Prior to October 2020

RaceBets was launched in 2005 and was acquired by the Betsson group in 2016. This betting site is unique in that it only covers horse racing. You can bet on up to 250k races a year from around the world with RaceBets. In our in-depth RaceBets review we pick apart the RaceBets product and look at every aspect of their service.

In this RaceBets review, we reveal the RaceBets sign up offer and we also look at the promotions they are currently running for existing customers. Odds, range of markets and the quality of RaceBets’ customer care are also put under the microscope. So, if you are thinking about signing up with RaceBets and want to know more, keep on scrolling to get informed…

RaceBets Review – Top Five Features

  1. Focused solely on horse racing
  2. £20 Free Bet welcome offer (use RaceBets promo code W20)
  3. Live streaming of USA and Canada racing
  4. Decent customer service with Live Chat available
  5. Nice selection of horse racing markets

RaceBets Welcome Bonus Promo Code W20 – Bet £10 Get £20 In Free Bets!

racebets new customer welcome bonus

If you decide to take a punt on RaceBets you can get £20 in Free Bets. It’s a solid welcome offer. When you sign up, make sure you use the RaceBets Promo Code W20 to qualify for the RaceBets welcome offer. All you have to do once you register using the promo code is place a £10 fixed odds bet on any horse race.

The bet can either be a £10 win bet or a £10 e/w bet and the minimum odds must be 1.5 (1/2). Your account will then be credited with 2x £10 free bets that must be used on International racing (non UK or Irish). A number of other conditions apply and you can find out more about the RaceBets welcome offer below…

How To Get The RaceBets Sign Up Offer

RaceBets Welcome Bonus Significant T&Cs

RaceBets Promotions –  Lots Of Specials For Horse Racing Punters!

Here at My Betting Bonus, we think it is very important for betting sites to look after their existing customers with regular promotions. RaceBets share our view and at the time of writing, they had a number of very nice horse racing promotions for their current members. They also go best odds guaranteed on all Irish, UK, South African, and UAE racing! That means if you back a horse at 3/1 and it wins at an SP of 4/1, you’ll get paid at the bigger price.

That’s not all though… RaceBets had a number of other promotions that we thought were well worth looking at in more detail. In the next couple of sections we dissect the latest RaceBets promotions, so keep on reading to learn more…

RaceBets Horse Racing Promotions:  First Fence Fallers Money Back!

Any horse racing punter knows how frustrating it is when your horse falls at the first fence. There is nothing worse than having a bet and not getting a run for your money, but if this happens to a horse you have backed with RaceBets you will get your money back as bonus cash.

The maximum refund for this offer is a very respectable £25 in bonus funds. Your wager must be placed on the day of the race and only win singles placed at fixed odds will qualify. The bonus cash will be applied to your account within 24 hours. The value of your bonus must be wagered 3x before any withdrawals can be made. Offer applies to UK and Irish meetings only.

RaceBets First Past The Post Promotion

Another offer we think is well worth mentioning is the RaceBets First Past The Post promotion. With most bookmakers in the UK, if your horse wins but then is demoted by the stewards, you will lose your stake. However, if you had backed that horse with RaceBets you would have been paid out in full!

RaceBets payout on both the original result and the amended result. To qualify for this offer you must have placed your bet on the day of the race at fixed odds. This offer applies to single bets and accumulators. The official results from the Press Association will stand and this offer only applies to races where the result is reversed straight after the race.

RaceBets Review: Betting On Horse Racing From Around The World

If you want to bet solely on horse racing you will be spoilt for choice with RaceBets. They cover race meetings from the four corners of the globe with markets available for UK, Irish, French, US, UAE, South American, North American and Asian racing.

A number of different wagering options are available for each and every UK and Irish race. Two columns appear to the right of the race card, ‘Fixed Odds and ‘SP’. If you click on the Fixed Odds price you’ll be taken straight to a bet slip where you can enter your stake. Alternatively, if you click on ‘SP’ you’ll be able to choose from a number of different bet types.

racebets horse racing user interface

You can place win or e/w bets at SP. You can also place forecasts and tricasts (straight and combo). Where applicable, you can also place Superfecta, Quinella, Swinger, Trio, Ita, and Trita Bets. You can enter your stake manually in the box provided or else choose from the options listed to the right-hand side.

However, we couldn’t see any option to place Tote Placepot or Jackpot bets and that has to be viewed as a big negative. Overall though, when it comes to horse racing markets RaceBets have most angles covered.

RaceBets Review: Deposit and Withdrawal Methods

When you sign up with RaceBets you will have a number of options for making deposits and withdrawals. All the major debit cards can be used, though credit card deposits are now banned thanks to legislation passed by the UK government.

Deposits and withdrawals can also be made by using a number of different online payment solutions. These include Skrill, Neteller, and PayPal while Paysafecards can also be used, but only for deposits. Whenever possible, the same method that was used for depositing funds must be used for withdrawals.

RaceBets Deposit And Withdrawal Methods and Limits

Payment Method Min Deposit / Min Withdrawal Withdrawal Time
Debit Card £10 / £10 3-5 Working Days
Bank Transfer £5 / £5 3-5 Working Days
Skrill £10 / £10 Within 48 Hours
Neteller £10 / £10 Within 48 Hours
PayPal £20 / £20 Within 48 Hours
Paysafecard £1 / N/A N/A

Use PayPal with RaceBets!

Given that it is one of the world’s most popular payment methods it is always nice to see betting sites that accept PayPal. RaceBets accept PayPal for both deposits and withdrawals, though be careful if you want to take advantage of the RaceBets sign up offer. Deposits made using PayPal (and other e-wallets and pre-paid cards) are excluded from the welcome offer. Deposits made using PayPal are instant while withdrawals can take between 1-2 days.

RaceBets Web App – Bet With Ease On Mobile Devices!

If you want to bet on horse racing on your mobile device you can do just that with RaceBets. They have decided not to design native iOS (Apple) and Android apps and instead have concentrated their efforts on producing a top class web app that works on all mobile devices.

racebets betting on mobile

The best thing about the design of the RaceBets app is its simplicity. Finding the race meeting you want is a piece of cake and placing a bet couldn’t be easier. At the time of writing RaceBets did not have any promotions exclusively for mobile customers, but you’ll still be able to take advantage of the same specials that are available on the RaceBets desktop site.

RaceBets: Stream USA and Canada Races Live

At the time of writing, RaceBets did not have any live streaming of UK or Irish meetings. However, if you are a fan of American or Canadian races you’ll be able to stream those contests live via the RaceBets desktop and mobile sites. All you need to do is place a bet on an American or Canadian race and you’ll qualify to stream every single race from all the USA and Canadian meetings throughout the day.

RaceBets Review: No Live Betting Available

Unfortunately, you won’t be able to bet in running with RaceBets. Only pre-race betting is available on horse racing for UK customers and live betting is currently not on the menu with RaceBets. Maybe they might introduce a live betting facility in the future and we will keep you posted on any new developments.

Is RaceBets a betting site you can trust?

RaceBets is a pretty trustworthy company and is licensed in three separate jurisdictions, including the UK. This is reassuring from a security perspective but their privacy policy does not state exactly what the measures are that they put in place.

RaceBets aim to keep your data private and safe and they won’t sell your data to any other companies. They comply with relevant data privacy regulations and they use 128-Bit SSL technology provided by Global Sign to encrypt all financial transactions.

RaceBets Customer Service – Limited Hours For Live Chat

It is a bit of a disappointment that RaceBets do not have a 24-hour live chat service available. However, you can chat live between 9am and 10.45pm every day so at least you can access live help for most of the day. You can also request a callback or get in touch over the phone between the same hours.

Another option if you have any issues with your RaceBets account is to get in touch via email. You can do so via the email address below or alternatively you can send an email via the form in the Help Section on the RaceBets site. The RaceBets knowledge base is worth checking out too as it contains answers to a host of commonly asked questions. You can see the contact details for RaceBets below…

RaceBets Contact Details/Hours

Bet Responsibly With RaceBets

Here at My Betting Bonus, we place high importance on the provision of a safe gambling environment. It is all too easy for punters to chase losses and lose more than they can afford and we like to see betting sites that take the promotion of responsible gambling seriously.

RaceBets do just that and when you open an account you are immediately given the option of setting a deposit limit. Stake limiting is another option, while you can also take a break or self-exclude for a set period of time. They also provide a number of links to organisations that can help those who have issues with gambling.

RaceBets Review Conclusion: A Niche Site For Horse Racing Only

As our RaceBets review shows, this is a bookie that only caters to horse racing punters. If you like to bet on any other sports then this is not the betting site for you. However, for those who bet only on horse racing RaceBets is well worth taking a chance on.

Their promotions are up there with the best around and you can bet on horse races from around the world. They have a decent amount of markets to choose from and their odds aren’t half bad either.

Streaming of US and Canada racing is available too, another reason why we believe RaceBets is a bookie that is well worth a second glance.

RaceBets FAQs

Can UK customers open an account with RaceBets?

Yes, if you are a UK resident you can legally open an account with RaceBets. Once you use a debit card to make your first deposit you’ll qualify for the RaceBets welcome offer (Bet £10 to Get £20 in Free Bets).

Does RaceBets have a mobile app?

RaceBets do not have native apps for iOS or Android devices. Don’t worry though, they designed a one size fits all Web App instead and it gets the job done nicely. If you sign up with RaceBets you’ll be able to bet on the go via your mobile browser once you have an internet connection.

What is the RaceBets Sign Up Offer?

The RaceBets sign up offer is a ‘Bet To Get’ type offer. If you open an account with RaceBets and you use the promo code W20 you’ll qualify for a bonus worth £20 (2x £10 free bets on International racing). Just make a deposit and place a £10 bet to qualify.

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