Get Ready to Bet On The Best Horse Racing Sites in the UK!

Welcome to our list of the best horse racing betting sites online for UK players in 2023.

Quick Find: New Horse Racing Betting sites | New Horse Racing Betting Offers

Top 10 Horse Racing betting sites (2023)

Sign up to the Top 10 horse racing bookmaker sites for excellent welcome bonuses and the newest racing betting offers.

1
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Betzone Review Betzone Review
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UK & Irish bookmaker with no rival in Promotions on offer. Live Streaming, In-Play betting and Free Spins.

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All the betting sites listed provide UK, Irish, and International, including US horse racing, betting markets, and odds.

New Horse Racing Betting Sites (October 2023)

See the list of new horse betting sites in October.

Take advantage of the betting offers from the newest horse racing bookmakers that accept UK players.

1
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StarSports Bet Review (UK Players)
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Top Horse Racing Betting Offers in 2023

See the list of top UK horse betting sites in 2023 from established names like Betfred, WilliamHill, and Boylesports, plus new betting sites like Fafabet, Mr. Play Sports, Vbet, BetGoodwin, StarSport, and BetZone.

1
Fafabet Sign Up Offer Fafabet Sign Up Offer
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Welcome Bonus Up To £50 Free Bet + £20 Casino Bonus

If you're searching for a top-notch online sports betting experience, look no further than Fafabet. With such attractive promotions, Fafabet is undoubtedly a go-to destination for sports enthusiasts seeking thrilling betting opportunities.

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Rhino bet Review of new UK bookmaker Rhino bet Review of new UK bookmaker
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Betway Free Bet Betway Free Bet
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Free £30 Matched Bet if your 1st Acca loses

Make your first Acca bet at Betway for up to £30 back as a free bet.

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Betzone Review Betzone Review
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50% back as Free Bets up to £60

BetZone is a new UK betting site for Sports and Casino action and plenty of promotions to keep players happy.

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£10 Free Bet - If 2nd to SP Fav

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The biggest Independent Irish online bookmaker with a long standing reputation from 1982. All sports, Casino, Poker, Lotto and Live betting/Streaming.

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Horse Racing Betting Guide

Welcome to our UK horse betting sites guide for 2023.

We will explain all you need to know about using the horse racing betting site features at the bookmakers below.

Best Horse Racing Betting Sites

The UK Gambling Commission regulates and licenses all the UK horse betting sites listed on this page. This means you will only find the safest and most secure horse racing gambling sites to join and bet with.

At Bet1015.com, we have years of experience in betting on horses and choosing the best horse racing UK betting sites to place our bets. We have also followed many a tipster and suffered the lows of losing runs and significant success and joy at backing sports winners.

Let us guide you through the pitfalls of horse racing betting and steer you onto a winning path with market-current and profitable betting offers and advice.

When you sign up for the best horse racing betting site, you gain a wide range of sports benefits and racing betting features to help you maximise your returns.

It can also pay to have multiple horse racing betting site accounts. This will allow you to utilize the best bookmaker for the odds on your horse market.

You can also switch between UK horse betting sites to place your selections with the ones that offer the best odds guaranteed or money back on losers.

How Many Horse Racing Betting Offers?

Horse Racing betting sites

We ranked the number of featured UK horse racing sites offered by popular online bookies below. You can see which betting site offers the most sports features and horse racing promotions for punters.

BetZone

80%

Vbet

70%

Boylesports

70%

Quinnbet

60&

Fafabet

60&

William Hill

60&

Betfred

60%

StarSports

50%

Are you looking for the biggest horse racing betting site offers online?

Using our knowledge and passion for horse racing betting, we have scoured the leading market online sports websites and listed the best horse racing offers available in 2023.

On this page, you will find all the top sportsbooks' most popular offers for horse betting.

You will see which horse racing sites are the best for your wallet when paying out on extra places, best odds, bet boosts, cashing out your racing bets, or paying back if your bet comes 2nd or 3rd.

Find Your Horse Racing Bet Feature

Where possible, you will be taken to the horse racing site promotional page when you click on the bookmaker's link.

Otherwise, visit the horse racing or promotions page on the relevant betting site.

How and Where to Watch Horse Racing?

  • BetGoodwin – (Sign up to watch the live action.)
  • Fafabet – (Watch for free with an account via your phone, tablet, or PC.)
  • Boylesports – (Place a bet of £0.50 win or 0.25 each way).
  • William Hill – (Place a bet of £1 win or 0.50 each way).
  • Betfred – (Place a bet of £1 win or 0.50 each way).

Live Horse Racing Commentary

  • William Hill
  • Boylesports
  • Betfred

ITV Horse Racing Offers

ITV Horse Racing betting offersIf you don't have paid TV subscriptions to AtTheRaces, Racing UK, or SKY Sports Horse Racing channels, you can watch the big meetings on ITV or ITV 4 for free.

This is where some bookmaker offers come in handy as they focus on the ITV races.

So, while watching the televised action, you can try your luck to get a bonus bet for every winner you bag at 3/1, 4/1, or bigger.

Here's how;

Free Bets for Winners

Lucky 15/31/63 One Winner Bonus

  • Betfred
  • Boylesports

Lucky 15/31/63 All Winner Bonuses

  • Betfred
  • Boylesports

Best Odds Guaranteed on UK and Irish Racing

The best odds guaranteed sites payout on the starting price if it's bigger than the price you took on your bet.

  • Betfred
  • Fafabet
  • William Hill
  • BetGoodwin
  • Boylesports
  • Hollywoodbets

Bookies with Extra Place Races

  • Betfred
  • Boylesports
  • William Hill

The horse racing betting sites listed above at the time of writing all offer Extra Place Races on selected meetings/races of the day. If you plan on betting on the races set for Extra Places, then it's worth placing your tips with these bookmakers.

A 4th to 3rd or a 5th to a 4th placed horse now becomes a winner if you have bet each way. It all adds up to more chances of a return or, at the least, a payback where you would have had none on your selections.

The links on the horse racing betting site's name should take you to the appropriate Extra Place races of the day if they don't, head to the betting site's horse racing page and see which horse races are marked as extra place races.

Cash Out your Racing Bets

  • Betfred
  • Hollywoodbets
  • Tipbet
  • Vbet

Cash out your racing bets before the result.

This gives you a chance to “cash in” your outstanding bet before completion, so if you fancy a return on only 3 legs of your acca instead of risking the 4th, use the cash-in feature from the best horse racing betting site list.

So, if you want to profit from your bet early, cash out at the UK horse racing betting sites listed above.

Disqualified Horse & First Past the Post Payouts!

It's always best to have the best horse racing betting site on your side just in case your horse finished first past the post but was disqualified for barging or cutting up another horse, etc.

You no longer need to lose out here when you bet all Double payout Results on First Past the Post at the following horse racing betting sites.

  1. Vbet
  2. Betfred
  3. Boylesports
  4. Hollywoodbets

Early Prices

The best horse racing betting site provides early bird racing odds. If you work out your racing selections the night before the race, you can get in early, place the bet, and take the odds. There's a definite advantage as I have found in doing this.

You can see early on if there's any movement in the horse racing betting site odds, where possibly the smart money is going. You can take the price of the horse knowing that the best odds guaranteed are in place.

So there is a chance you've got a better price than the one available come morning, in case there's money down on your selection first thing, and you haven't time to check or place the bets in the morning.

How can you know if the Bookmakers are Trustworthy?

  1. UK Licensed and regulated by the UKGC (United Kingdom Gambling Commission).
  2. Approved by Bet1015.com.
  3. Online Reviews.
  4. Established betting site.

Common Horse Racing betting setbacks and How to Avoid them

(OR at least get a Free bet when it does happen.)

This page below will teach you how to get your stake money back if a particular scenario occurs. For example, an event could occur if your horse refuses to race.

Your horse comes second or even falls in a jump race. The result would be to lessen your losses and even make more money overall.

The best horse racing tips are the ones that come your way for free and deliver a winning result. However, finding such a reliable source for winners doesn't come around too often.

What a punter can rely on, though, is siding with the best horse racing betting site to be found online.

Beginners Guide to Horse Racing

It may or may not have happened to you while backing the horses – that one of your selections didn't even get off the line, yet the bookies still took your money.

You backed a horse having spent time assessing its chances – only to see it blunder and fall at the first fence or even the last.

Or how about placing a Lucky 15 multiple bet and feeling let down because you only got one winner?

If that's you, or even if it's not, it is always good to know that if it was, the bookmaker you bet with had your Back covered in such a scenario.

The top 5 horse racing betting sites on this page offer insurance on the loss factors I have mentioned.

I will explain the occurrence of each setback a horse racing punter comes across.

Finally, I will provide the solution through the horse racing betting sites that offer insurance against each “loss” and show you how to profit from it.

1. The Horse you backed Refused to Race

Horse Racing Betting Sites that refund Refuse to race betsThe best horse racing betting site offers several betting insurances for the punter to end the frustration of backing a horse only for it to refuse to start.

The situation of a horse refusing does happen, and although the best option may not be to back the horse in the first place, it tends to be a proven, talented animal that has won before.

So, you may be in a bit of a quandary about committing your cash to the bet. After all, you know the horse has won in the past and ticks all the right boxes to qualify for a chance in the coming race.

It's that nagging feeling that you might throw your money down the drain as the horse might refuse to get off the line.

A horse that refuses to race means the bookmaker is smiling. You, however, are left annoyed that you've just wasted a bet. The solution to the no-start problem is to find a horse racing betting site that will refund your stake if it happens.

Solution 1  – Refuse to Race Money Back

Choose horse racing betting sites that refund your bet if your horse refuses to start. Boylesports is a bookmaker offering a Fair Play feature where you will receive a free chance if your horse refuses to start.

2. You can't find a winner

The common curse among punters is that eventually, the winners dry up, or you hit a barren spell. No matter what you try, you can't get back on the winning trail.

Solution 2 – Join a Premium Horse Racing Tip Service

We have a recommended horse racing betting service you can join at a sound reduction, and you get a free trial.

The tipster is called Paul Jacobs, and he comes recommended in the pursuit of profiting from horse racing tips and not least because he's won the Racing Post NAP's table competition FIVE times.

If you have been a follower, like myself, of the NAP tipsters at the Racing Post, you will know that is no mean feat.

FIVE Time Racing Post NAP Winner

Paul Jacobs – Recommended Premium Tipster with a Free Trial so you can see if he's good enough and make some money to pay for your first month's subscription.

Tipster Platform – The home of all Horse Racing professional tipsters where you can get Free Trials and check out past results.

3. You only got ONE winner on your Lucky 15, 31, or 63 bets!

It may feel like a total loss to only get one winner when your Lucky 15 bet is finished. You had four horses backed on the slip, but only one won at odds of 7/1.

If that were the case, you would have banked a losing bet as the Lucky 15 bet comprises 15 selections to your stake.

So at a £1 stake, it would have cost you £15, and the one winner at 7/1 would have returned you only £8 (£7 + £1 stake).

That's a £7 loss.

Solution 3 – You can get x 3 (THREE TIMES) the Odds on ONE winner on Lucky 15's at this Bookie.

Make the same Lucky 15 bet at Betfred; the return looks different. At Betfred, you will receive x 3 the odds on a Lucky 15 bet if you only get one winner.

So in the same scenario as above, if your sole winner were at 7/1, that would mean a payout at 3 x the odds = 21/1

21/1 at £1 = £21 + £1 stake =£22 total return for ONE winner.

Lucky 15 One Winner Bonus Bookmaker

Profit gained = £22 – £15 (the cost of your Lucky 15 bet) = £7

Points to note:

  1. You would need a minimum of a 5/1 winner to make a profit.
  2. Other horse racing betting sites only offer x 2 the odds as a ONE-winner bonus.
  3. You would need a 7/1 winner to break EVEN with the x 2 odds bonus.
  4. The higher the stake, the more you win, so a £10 Lucky 15 would cost you £150 but would return a £70 profit at Betfred.
  5. Applies to UK and Irish Horse Racing, Greyhound Racing, Virtual Horse Racing, and Virtual Greyhound Racing.

Lucky 31 Bets ONE winner pays out x 4 (FOUR TIMES) the Odds

8/1 winner needed at £10 Lucky 31 bet

Outlay: £310 (31 bets of £10)
Total Return: £330 (with a 8/1 winner)
Total Profit: £20

Best Lucky 31 One Winner Bonus Bookmaker

Betfred

Lucky 63 Bets ONE winner pays out x 5 (FIVE TIMES) the Odds

14/1 winner needed at £10 Lucky 63 bet

Outlay: £630 (63 bets of £10)
Total Return: £710 (with a 14/1 winner)
Total Profit: £80

Best Lucky 63 One Winner Bonus Bookmaker

Betfred

4. Best Odds Guaranteed

Best odds guaranteed works by paying you the best price on your winning bet.

  • Take the price of your selection, and if it goes out to a higher price, you will get paid at those odds by the horse racing betting sites.
  • Likewise, if you take the price and it shortens, you still get the bigger price if it wins.

The best horse racing bookies will cater to the punter in more ways than just guaranteeing the best odds on your returns.

Such a feature is now widespread amongst horse racing gambling sites, so its ability to stand out is somewhat diluted.

I'd rather expect it from a bookie than seek it out.

Solution 4 – Best Odds Guaranteed Horse Racing Sites

  1. Star Sports
  2. Boylesports
  3. BetGoodwin
  4. Fafabet

5. Beaten by a Nose..again!

It happened to me only the other day: an 8/1 shot leading 2 furlongs out and looking vital for a winning purpose only to be collared at the line…by a nose!

It wouldn't have mattered had I placed the bet at my other horse racing betting site, as the stake money would have been returned.

I would have felt at least relieved that I was getting my betting money back, even if I had just lost out on a potential decent payout.

Still, there's always another day and another selection.

Solution 5 – Stake refunded if your bet gets done by a Nose/Head

A few bookmakers will refund stakes if your horse racing bet is beaten by a head up to a specific value.

  • Fafabet – Get a Free Bet up to £/€10 if a head beats your selection or less in select races. 18+ T&C's Apply.

6. Seconditis – Second placed

Have you ever had a run of picking horses that keep placing second? It happens to me quite often.

One solution is to change your approach to backing each way.

I have a problem with this method, and I'll explain why.

  1. I never back a horse each way unless the price is 16/1 or greater odds.
  2. There must be sufficient runners, so the odds are 1/4 a place, NOT a 1/5.
  3. I am potentially diluting my stake as I'm splitting it two ways – half goes on the Win part and the other on the Place part.

Eventually, you turn the corner but needn't endure the pain of coming second and losing.

You can instead bet at online horse racing betting sites that return your stake if you come second.

Solution 6 – Money Back if 2nd Offers

Bookmakers award a free bet if your horse racing selection comes 2nd to the SP Favourite at one meeting daily.

There are restrictions usually along the lines of there having to be five runners or more, and it requires a minimum stake on the horse to qualify.

  • Fafabet stands out on this one with a £10 free bet on all races – if beaten 2nd to the favourite—a minimum of 6 runners is required. Favourite must go off at odds greater than 6/4 (2.50). Max £/€10 Free Bet.18+ T&C Apply.

7. It's Fallen at the First

Suppose you are partial to jumps racing or partake in Grand National, Aintree, or Cheltenham betting. You will know that no matter how solid your bet or tip was deemed to be, it can always get unstuck by falling at first.

Nothing ranks as more of a letdown than seeing your horse fall at the first jump.

You get your bet on and look forward to seeing the race unfold, but your bet goes tits up without a run for your money.

There is at least a solution to this problem, and it exists for certain bookmakers when they have the promotion.

Solution 7 – Faller Insurance – Money Back if your horse Falls, Unseats, or is Brought Down Only

This can apply to First Fence (or Last) fallers or anytime during the race and is an Insurance betting offer at a few selected bookmakers.

Where to find the above offers in one form or another?

If your horse falls, unseats, or is brought down, placing your racing bet at BetGoodwin means your bet stake is returned.

It does not apply to horses that Slip Up, Refuse, Run Out, or get Carried Out.

Similarly, the SportingIndex sportsbook does not apply to horses that slip up, refuse, pull up, are carried out, run out, hit rails, or refuse to race.

That concludes our Top 7 mishaps that befall a punter.

The solution to avoiding at least some unfortunate events is to bet only at the horse racing betting site that offers insurance in money-back offers.
 I have highlighted the best horse racing betting sites in this article that will make your job of winning that little bit easier.

In conclusion, it's all about preserving your betting bank and trusting the right betting website to place your tips with. 

Horse Racing Betting Turnover Stats

The annual turnover of off-course horse racing betting in Great Britain from April 2008 until March 2019 in Millions.

Horse Racing Betting Turnover

Annual turnover of Off Course Horse Race Betting In the UK

Annual turnover of off course horse race betting in Great Britain from April 2008 to March 2019 (in million GBP)
Apr 08 - Mar 095743.51
Apr 09 - Mar 105442.78
Apr 10 - Mar 115153.82
Apr 11 - Mar 125300.9
Apr 12 - Mar 135084.2
Apr 13 - Mar 144894.01
Apr 14 - Mar 154804.36
Apr 15 - Mar 164804.77
Apr 16 - Mar 174537.89
Apr 17 - Mar 184396.59
Apr 18 - Mar 194219.02

FAQ's

Find answers to the most popular questions on the web today on horse racing betting in the UK.

What Is a Trixie Bet in Horse Racing?

One of the most popular types of horse racing bets in the UK, the Trixie allows you to place 4 bets on 3 different selections. Since you’re placing multiple bets, it costs more than the regular win bets but promises a better payout as well.

Multiples don’t include a single bet. Think of it as an accumulator with insurance. On accumulators, all your selections must win for you to win your slip. With the Trixie bet, even if one loses, you’ll still be able to get a solid return.

Your Trixie bet can be on win-only or on win and place selections. As there are no singles in it, your winnings will be calculated on a treble and 3 winning doubles. As a cover type of bet, Trixie is a great way to hedge your bets. If you get lucky and all your selections win, it can be quite lucrative as well.

The only disadvantage it has is that it costs more – 4 times on average. So, it’s not exactly ideal for beginners, although you could get lucky with it and earn a ton of cash.

Thanks to the high potential return, it has often been compared to the Yankee bet. All horse racing betting sites accept the Trixie type of bet.

What Is a Yankee Bet in Horse Racing?

Similar to the Trixie bet, a Yankee bet is another type of cover or insurance bet with multiple selections.

Where the Trixie bet involved 4 bets on 3 selections, the Yankee bet consists of a whopping 11 bets on 4 selections.

More specifically, it consists of 6 doubles, 4 trebles, and 1 fourfold accumulator. In order to win, you need to get 2 or more selections right.

Why is the Yankee bet so great?

Because on that many selections, you have a chance to get a pretty great return.

If the selections are short, you’re better off with win only.

If the prices are longer, each-way bets can bring you an appealing profit. You don’t even need them all to win – only two will be enough.

This type of bet doesn’t cover singles.

It is ideal for those who are sure that two or more selections will win.

Place a Yankee bet with a total of 11 selections and if all of them win, you’ll be in for quite a solid return.

Each-way Yankee bets are pretty popular at horse racing betting sites in the UK. If you believe you have what it takes for this one, it’s definitely worth to play it.

Just like the Trixie bet, the biggest disadvantage of the Yankee bet is that it costs more. As a permutation type of bet, it may not be suitable for beginner punters as well.

How to Work out a Lucky 15 Horse Racing Bet?

The stakes in horserace betting can go even higher than the Yankee bet. As you may already know, horserace betting is pretty popular in the UK.

There’s an endless list of bets you can place ranging from singles and doubles all the way up to accas with more than a dozen selections.

One of those most interesting for UK punters is the Lucky 15. Just like the name suggests, it consists of 15 bets on 4 different selections. This time, singles are included.

To break it down, it consists of 4 singles, 6 doubles, 4 trebles, and 1 fourfold acca. If you thought that the Yankee bet can bring you a nice return, you’ve got another thing coming with the Lucky 15 bet.

Due to the high number of selections, the Lucky 15 bet costs more than the Yankee. Of course, it also promises an even bigger return.

Getting all selections on your slip right is not that probable, but if you know your horserace betting or you’re lucky, you can win a small fortune.

In order to see a return on the Lucky 15, you only need to get one selection right. Thanks to the inclusion of singles, it’s a pretty unique type of bet that guarantees full coverage.

What Is a Lucky 31 Bet in Horse Racing?

If there’s one bet that can upend the Lucky 15 bet, it’s the Lucky 31. The name makes it obvious – it consists of 5 selections with 31 individual lines.

The Lucky 31 bet is a full coverage bet where you only need one winner to make a profit. Of course, you’ll be aiming for at least a few more (if not all) if you really want to make a killing.

The total number of selections include:

5 singles
10 doubles
10 trebles
5 fourfold accumulators
1 fivefold accumulator

If you’re new to the world of horse racing, we strongly recommend sticking to simpler bets. The Lucky 31 is great, but due to the high cost and complexity, it’s more suitable to experienced punters. The inclusion of single bets gives punters a bit more security than other multiples.

The Lucky 31 bet makes a lot of sense if you have 5 selections at great odds. Of course, it’s a risky type of bet, but the higher stakes more than make up for it.

Due to the large number of permutations involved, you can win a lot on a Lucky 31 bet. If you’re lucky, of course.

Each-way bets are possible on a Lucky 31. As with Lucky 15 or any multiple, this type of bet costs a pretty penny.

What Is a Patent Bet in Horse Racing?

What’s a patent bet? Think of it as a Trixie bet with singles included. You will be using 3 selections with it, but it’s not a multiple bet. Instead, it’s a full coverage type of bet which means it covers all possible winning outcomes.

You only need one winner from the multiple selections to see a return for your money.

The Patent bet involves 7 bets on 3 different selections. To be more specific, it includes 3 singles on each selection, 3 doubles, and 1 treble.

As mentioned, you’ll need to get one selection right at minimum in order to get a return. Due to the 7 bets included, a Patent costs 7 times more than a single bet.

Many UK punters consider the Patent bet a kind of a bridge between Trixie and Lucky 15. It costs less than a Lucky 15 and guarantees a return with just one winning selection. This makes it great for high rollers and beginner punters as well.

If you don’t have the money for a Lucky 15 or Lucky 31, you can go with a Trixie or Patent bet. There’s a sizeable return if you get all your selections right.

The cool thing about the Patent is that you only need a single selection to win. Thanks to this, this full coverage bet is very popular among UK punters.

How to Place a Bet on Horse Racing?

Betting on horse racing is very simple. Although you can go to the races to bet at a shop and watch the action live, many UK punters prefer to do it from home.

Why?

Well, it’s much simpler for beginners and you can bet on races from all over the world.

Placing a bet online at the horse racing betting sites isn’t that hard.

Even if you’re completely new to it, you can follow on-screen instructions in order to place your first bet.

The greatest thing about online horse racing betting sites doesn’t just lie in the fact that they have a long list of races. The number of bets you can place is astounding as well.

You also have bonuses and free bets as incentive to join an online bookie and start betting. Add live streams to the mix and you’ve got a complete package that is impossible to beat.

To place a bet on horse racing online, you’ll need to register and fund your bankroll first. Deposits can be done with a number of ways.

Most horse racing betting sites stick to e-wallets as they’re fast and convenient to use. As soon as the money lands to your account, we strongly advise checking the promo section.

You might get a free bet for new players that you shouldn’t miss.

Can You Bet on 2 Horses in the Same Race?

Yes, you can. You can bet on a single horse to win the race, on a specific horse to place among the top 3 or on 2 horses to finish on specific positions at the ‘podium’.

This type of bet is called a double. It involves placing a bet on both horses combined on a single race. Of course, in order for you to make a profit, both would have to place for you to win.

You can include doubles on accumulators or specific types of bets such as Lucky 15 or Lucky 31 to make an even bigger return.

Betting on doubles offers double the fun than betting on a single horse.

Sure, a bet on a dark horse to win can bring you a pretty nice return, but so can betting on 2 horses to place first and second in the order you’ve placed them can be pretty lucrative as well.

Of course, it’s a lot trickier than betting on a single horse. This means that while you don’t have to be a master punter to do it, you need at least basic knowledge about horse race betting to bet on multiple horses in a race.

The double is not as tricky as, let’s say the Lucky 31 bet, but it still involves a great deal of risk.

How to Win on Horse Racing Bets?

Well, there’s no magical formula that will help you win each bet you place. Luck plays a part in it, but proper research before the race and following the races regularly will surely give you a clearer idea of what might happen next.

Sports betting in general requires a lot of ‘market’ research before you’re ready to place your bets. All sports are unpredictable including horse racing.

However, by observing the short and long-term form of the horses and how they perform in specific races, you can make more educated predictions.

Even a glance at the race program might increase your chances of winning. If you want to be successful at horserace betting, this means reading a lot before the race.

You’ll need to learn more about the participants, how they fare on certain tracks, how their jockeys ride, etc. You even need to read a bit on the history of the track itself.

Some tracks have long odds winners all the time and that’s something you should keep in mind.

So, before you place a bet on a horse, do your research by reading the form and race guides. Invest a lot in reading – the more you know, the bigger your chances to win some of your bets (not all).

What Does SP Mean in Horse Racing Betting?

SP in horserace betting stands for starting price. If you’re not familiar with that term either, you’re not alone. Horserace betting beginners have a lot to learn before they place their first bet, and the terminology is a good starting point.

The starting price indicates the odds prevailing on a horse in the fixed-odds betting market before the race begins. Speaking in layman’s terms, the answer is obvious – it’s the price a horse has when the race starts.

Why bet on the starting price? Well, it’s a bit of a gamble that may or may not produce a nicer return.

Let’s put things into perspective.

Let’s say a horse starts at 10/1 and you plan to bet on it. You then have the option to go with the current price or take the SP.

Taking the starting price only makes sense if it’s higher than the current price. You don’t know that until the race starts so you’re gambling with the price a bit hoping for a bigger profit.

Why should you risk things like that? Well, for starters, it’s much more exciting with SP. The great thing about online horse racing betting sites is that promos such as Best Odds Guaranteed have made the starting price almost obsolete.

With that promo, the horse racing betting sites will pay the higher odds even if the SP is lower than the current ones. It’s a great promo which you should claim without thinking twice.

What Is the Best Bet in Horse Racing?

Well, that depends on you. If you ask different punters you will get different answers. For beginners, a bet on a winner makes a lot of sense.

Doubles might be interesting just like triples, but you’ll need to spend more on them.

More experienced punters like to test their luck with exotic bets such as the trifecta or multiples. These cost more but pay a lot more as well. That’s their blessing and a curse.

However, multiples such as Trixie or Patent are not recommended if you’re new to horserace betting – they required a bit more knowledge.

The best bet on horse racing for most punters would be a dark horse.

If you do your research, you’ll see that long odds such as 20/1 don’t matter on some races. Those horses have a shot and placing a reasonable amount on them can spell a great return.

Just like we mentioned several times before, horserace betting requires a lot of research.

Make sure to do your homework before you place a bet. Reading expert predictions can also help.

Once you pick your favourite and bet, put your money on it and hope for the best. Good luck!.