Best Horse Racing Betting Exchanges 2024 Betting on Exchanges in Australia

Last Updated on 11/04/2024

We’ve taken the time to create an award for the best horse racing betting exchanges in Australia. Betting on the exchanges has many benefits that include the chance of finding superior odds and enjoying no limits on whatever winnings you make.

Our awards took a look at all of the betting exchanges to find a site that will meet the needs of all Australian horse racing fans. Whether you’re looking for a quick bet on the Melbourne Cup or are looking for the best odds in horse racing for the entire season, we think that you’ll like what you find at the best horse racing betting exchanges.

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How do we award operators?

There might not be too many betting exchanges operating in Australia at the moment. But that didn’t mean that we were any less thorough in our search for the best horse racing betting exchanges.

This is because we devised a tough test process that involved us betting on the exchanges for a variety of horse racing meetings. By the end of this, we were able to mark each betting exchange’s performance, and we then compiled the results on the leaderboard.

This helped us to quickly see the best horse racing betting exchanges and be in a good position to advise you which sites give you the best way to enjoy betting on the exchanges.

What other categories are operators awarded in?

If you’re interested in finding the best horse racing betting exchanges,  you’ll definitely be keen to see some of our other awards. In particular the best betting site for horse racing accumulators will be of interest to anybody who enjoys betting on the exchanges.

But we’ve also got awards for everything from the best betting site for horse racing odds to the bookmaker with the best horse racing software. Plus with awards for bookmakers with the best horse racing tips and the best horse betting site for cashout, you’ll have everything you need to win big on a day at the races.

Award FAQ

Ever wondered how we went about picking the best horse racing betting exchanges? Take a look at our answers to the most frequently asked questions and you’ll have plenty of confidence the next time that you try betting on the exchanges.

You’ll find that we’ve included all betting exchanges currently operating in Australia in our awards. However, we should note that these are only the fully licensed and regulated betting exchanges. We haven’t included any unlicensed betting sites as we wanted you to be sure of a legal, safe and fair horse racing betting experience.

Q2: How often are the awards updated?

We’ll be sure to update our awards for the best horse racing betting exchanges every time that a new betting exchange appears. Even if a site changes the way that they allow you to enjoy betting on the exchanges, you will find that this change is reflected in our awards. All the more reason to check back here frequently.

Q3: Can I vote for my favourite betting exchange?

Yes, as our awards are designed to be as democratic as possible. You’ll be able to cast your vote for your favourite betting exchange after you register your account on our site. Once you’ve done this, your vote will be counted and it will influence that site’s position on our overall award leaderboard. Don’t forget to let us know if there’s a good betting exchange that we’ve missed out of our shortlist.

Q4: Why are there awards for betting exchanges?

We realise that betting exchanges might not be for everyone. If you are new to betting on horse racing, then you’ll probably be better off at a standard bookmaker site. But if you’re looking to take your racing bets up a level, then you’ll want to try your luck at a betting exchange. In which case, you’ll definitely need to know the best betting exchanges for horse racing.

Q5: Can I trust the awards process to be fair?

We want you to know that our awards are all impartial and objective. The only reason why we’d recommend a betting exchange is if the site was capable of giving you a safe, legal and fun way to back and lay your racing bets. We should also let you know that we operate completely independently of each bookmaker featured in our awards section.

How we ranked the best betting exchanges

While there’s plenty of variation in the current range of betting exchanges, we found that the best of these sites all had some similar features. So here’s a look at the key features that we looked for in all good horse racing betting exchanges.

All top horse races covered

We would always expect that a betting exchange should be able to provide you with quality thoroughbred betting options each day of the week. This means that they would not only provide you with bets on Australian horse races, but you should also get plenty of bets for races in New Zealand, the UK, Ireland and all over the world.

The same goes for the popularity of each race. While all bookmakers will cover races like the Melbourne Cup with evermore attractive odds, we liked those betting exchanges who made sure they gave you betting options on all official races, no matter how small.

Betting exchanges work by pairing you up with other punters so that you get to back and lay their odds. This means that the best betting exchanges will usually be those that feature the greatest number of punters. We’ll help you find those betting exchanges where you’ll always have opportunities for putting down your racing bets.

The best thoroughbred bets on the market

Betting exchanges should ideally give you some of the best racing odds on the market. This is because they don’t include any of the betting margins that are normally found when you bet on the fixed odds at a standard bookmaker’s site.

While you have to factor in the commission fees that a betting exchange charges, the fact that you’re betting on odds put on by other punters means that you can routinely get odds that are better than if you went to a regular online bookmaker.

In our awards for the best betting exchanges we’ll help you find those sites who have enough participating punters so that you can be sure of finding more variance in your racing bets.

Competitive commission rates

Betting exchanges will charge you varying amounts of commission that you have to pay on the profits that you make on their sites. These should commonly be around 5% which might not sound like much. But if you are paying this much on each win that you make, it could add up to a significant amount.

This is why it is especially important to hunt around for a betting exchange that features lower commission rates than their rivals. Even a fraction of a percent can make a big difference on how much profits you make.

We should note that some betting exchanges will include special loyalty schemes where you can pick up points that could lower the amount of commission that you have to pay. It might take some time to earn lower commission rates, but it can be worthwhile in the long run.

Extra features for horse racing betting

All serious racing betting sites will supply you with lots of extra features that can help you with your thoroughbred bets. You should look for those betting exchanges who supply you with lots of helpful statistics regarding each runner’s past form along with the running and weather conditions.

Plus we have seen plenty of betting exchanges who will give you access to racing tips. These can prove to be invaluable in getting an extra level of expertise in making your predictions.

In addition to this, some betting exchanges will even put on free live streaming for top-level horse races all over the world. You won’t be able to take an online live bet on these races in Australia, but it will certainly add plenty of entertainment as you watch your runner come home.


After you’ve seen our awards for the best betting exchanges, you’ll be well placed for backing and laying your next horse racing bet. Our list of top betting exchanges will all serve up a massive amount of thoroughbred racing bets, and we’re pretty sure that you should get some unbeatable odds at any of these sites.

Just remember that even the best betting exchanges can be a little more complex than standard bookmaker sites. But on the whole, we think that betting exchanges offer some of the most enjoyable and potentially profitable ways to bet on horse racing. So cast your votes and let us know which betting exchange offers the best service for betting on the horses.

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