Last Updated on Friday, 03rd Jul 2020
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RaceBets

Introducing the RaceBets Horse Racing Review

RaceBets and racing go hand-in-hand. It’s in the name of the brand after all. From their German origins in 2005 to a global outlook that today provides for punters who want to bet on the horses in 40 different countries, their sportsbook has really gone from strength-to-strength. The rapid progress this firm has made is down to opening themselves up to the UK and Irish market in 2012 when full coverage of British Isles came in. As this RaceBets horse racing review will show, they’ve plenty to offer.

RaceBets is a German bookmaker who took the unique decision to limit itself to betting on greyhound and horse racing. Given the increased amount of gambling on football that has developed over recent years, you’d be forgiven for thinking this to be a courageous strategy yet it has paid off. The RaceBets desktop site is now available in many different languages thanks to a truly global focus on greyhound and horse racing. The sportsbook is packed with offers and promos, so we’ll talk about those in more detail later on.

What’s this review all about then? Well, Horsebetting.com are assessing the RaceBets racing services available to you if you like to bet on the horses and are thinking of signing up. A number of different areas come under consideration. After guiding you through the initial steps of joining this sportsbook, we’ve got all the important information you need to know about their welcome bonus. RaceBets don’t just stop there with offers though, so there’s more to discuss to put you fully in the promotions picture. We’ve got details of their live streaming service to share with you and also want to make you aware what customer service is on offer. Whether there’s a RaceBets app is worth looking into, alongside what payment methods and betting limits are attached to the sportsbook. Is RaceBets horse racing good? You’ll soon find out.

Know Your Bookmaker

Our RaceBets review is picking up the pace and we’ve got those all-important welcome bonus details coming right up. The offers for all customers, meanwhile, go way beyond the usual best odds guaranteed that now more or less comes as standard with bookmakers. Certain days of the week are on to take note of with RaceBets as different promotions feature on a regular cycle. All have terms and conditions attached and are exclusively for British and Irish punters. Is RaceBets horse racing reliable though? We’ll test that assessment of their live stream service, and customer support options later on.

Racebets Welcome Bonus

The new customer offer RaceBets provide for punters is matching your first deposit up to a maximum of £50. There’s also a minimum amount you have to put in to qualify for the welcome bonus and that’s £10. Any deposits made eWallet services Neteller, Paysafecard and Skrill (unless you’re in Japan or India) are excluded from the offer, while UK customers cannot use a prepaid credit card either. Once you have used your initial deposit amount in full and had the bet(s) settled, simply enter the code WELCOME in the bonus section to get the extra funds. There are wagering requirements and a timeframe attached to the bonus. You must wager 5x your bonus (as little as £50 and no more than £250) at minimum odds of 1/2 (1.5) to clear it and have 45 days from completing registration or 30 days from activating the offer to do so, whichever comes first. Further terms and conditions apply.

RaceBets offer a range of betting offers throughout the week that provide punters with extra value. On Tuesdays, for example, they give UK and Irish customers 10% cashback on your net losses if you’ve had five bets minimum and are at least £50 down. A selected meeting every Wednesday, meanwhile, gives you money back as a bonus token if your horse is second to the starting price (SP) favourite at a selected meeting. Terms apply and there are wagering requirements for most bonuses. See the promotions page for a full list.

Before we talk about those tempting offers, you need to know how to get registered with RaceBets. We’ve taken it upon ourselves to put together step-by-step guides that takes you through every stage of signing up, how to deposit and get your bets on, and even taking any winnings you’ve made out of your account. By doing this in easy to follow steps, we go above and beyond other RaceBets horse racing reviews but that’s our pleasure.

RaceBets Mobile App

While there isn’t yet a dedicated betting app from RaceBets, in many respects they’re not missing out on something bigger bookies offer. This is because the mobile version of the site is designed with viewing on smartphones and tablets in mind. You get a more streamlined version of the gambling experience from desktop but can do so through your mobile web browser be it an iOS, Android or other device. The live stream part of RaceBets racing services are particularly suited to viewing on a tablet.

How To Open Your Account

Step 1: Start registration by clicking on the Register now button in the top right-hand corner of the screen. Now start to enter personal details.

Step 2: That information includes your name, date of birth, email and home address and phone number. You’ll also need to create a username and password for your account.

Step 3: It’s not essential to set up a payment method and make a deposit right away, but that is often the next logical step to take once registration is complete.

Payment Methods

We’ve touched on this topic briefly before, but there’s more on the payment methods you can use to deposit and withdraw funds from your RaceBets account in the table below. You’ll notice there’s a mix of traditional options like debit cards and eWallet services. One word of caution with the latter, though, while they may be quicker on transaction times, there could be fees imposed by them and RaceBets will not give you the welcome bonus if you’re a UK customer and using Neteller, Paysafecard and Skrill.

How To Make Your First Deposit

  • If you didn’t make a deposit straight after registration, then click on the deposit option when logged in to your account to see the payment methods available.
  • These are a range of eWallet services and more traditional options. Choose the method you want, but remember Neteller, Paysafecard and Skrill aren’t eligible for the welcome bonus.
  • Now enter the amount you want to deposit (£10 minimum). You’ll receive a 100% bonus on top of this up to £50 if it’s the first made after signing up.

How To Withdraw Your Winnings

  • Get logged in to your RaceBets account and click on your username. This brings up the balance of how much money is in your account.
  • You are locked in to using the same method used to previously deposit for withdrawals. This is down to security reasons.
  • Enter the amount you want to take out of your account. How long the transaction takes will depend upon the method you have used.

Customer Service

It may cause the RaceBets horse racing ratings to suffer a little, but we cannot say that this firm offer 24/7 customer support. While there’s an extensive Frequently Asked Questions (FAQs) section that can deal with your queries, and a pledge to answer all enquiries by email within 24 hours, the phone lines although free in the UK, are only manned from 8am to 5pm (that’s 9am to 6pm in Germany). It’s the same for RaceBets live chat, but this is supported in many different languages. Looking at this from a global point of view, that’s pretty impressive for a racing only firm.

Licence & Security

After cornering their own domestic market, RaceBets began to think bigger and diversified by obtaining operating licenses from the Malta Gaming Authority and UK Gambling Commission. Bringing themselves to the attention of British and Irish audiences has helped this firm no end. It has also meant they have been required to improve their security protocols.

As stated in their privacy policy, RaceBets ensures that all personal information is managed and secured. This is in compliance with relevant privacy regulations.

Racebets Sports Betting

Betting Markets

If you’re looking for a wider gambling experience that takes in bingo, casino and lotto, then RaceBets don’t offer any of that. Instead, they have a blog that gives you betting tips on all major horse racing which may help you to find some winners. There’s also a handy betting guide that helps you get to grips with things if you’re new to gambling. RaceBets carer for a very specific market and don’t stray from it at all.

Live Betting

Given how they’ve specialised in greyhound and horse racing betting and this firm isn’t an exchange, there’s no in play betting on RaceBets. Before you get too disappointed, it’s important to note that gambling of this type is exceptionally rare on a sportsbook. Bets in running are pretty much confined to the exchanges. What RaceBets as racing services can offer you, though, is comprehensive live streaming. Just click on the racecard of interest and you’ll find a link to their video player.

Odds

The RaceBets BOG goes further than other bookies, because they provide it for horse racing in the UAE and South Africa as well as the UK and Ireland. On the day of the race, if you take an early price and the horse wins at a bigger SP, then your bet is settled at the larger odds. As well as having betting markets on racing from around the world, RaceBets also provide flash prices on one horse every Saturday, while on Sundays you can get enhanced winnings when you back a horse at 10/1 or bigger. Terms and wagering requirements again apply.

Betting Margins

One thing that underpins all forms of gambling is the margin a bookmaker and therefore you as a punter has when taking your bets. With that in mind, we thought it’d be useful to know what the average margins are for some of the most popular betting sports including horse racing. Just check out the percentages table below to see.

You’ll soon notice we split our betting margins table into a couple of categories. We thought it would help you to see any difference between the figures for in play betting on live events as they happen and the regular gambling that goes on beforehand. You’ve got the full picture.

Betting Limits

The smallest bet you can have on with RaceBets is 50p or 50 Euro cents. This online bookmaker sets a net winnings threshold of €100,000 a week. If you’re lucky enough to make that much profit, then your account will be suspended for seven days. The maximum winnings you can make on a single race, meanwhile, is €200,000 for Category 1 events, with €100,000 for Category 2. Categories 3 and 4 are related more to greyhound racing and you can win up to €25,000. You can also take responsible gambling upon yourself by setting your own limits, which is great.

Conclusion

That’s it for our RaceBets horse racing sportsbook review, so what have we learned? As a greyhounds and horse betting specific firm, they have carved a truly unique niche for themselves in the industry. With no interest in catering for the wider betting public, they’re prepared to give regular racing offers and a welcome bonus that doubles your first deposit up to £50. These promotions are particularly suited to punters who bet regularly with many attached to certain days of the week. There’s no app or in play betting, but with the mobile site so well optimised and a lack of live options not uncommon for horse racing these are minor complaints.

Serious horse racing gamblers really must consider RaceBets. If you don’t mind customer service being confined to regular business hours and do bet often, then this sportsbook certainly can work for you. Should big betting limits appeal and a fairly high minimum stake prove no concern, then there’s plenty of gambling to be had. The live streaming service gives you racing from around the globe and the best odds guaranteed reaches into the Middle East and South Africa, securing extra value for you.

We cannot give RaceBets horse racing a rating without you! We invite you to sign up to Horsebetting.com for free and become a member of our racing community, so you can share your personal experience of betting with us. Please post a review or comment now.

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