RaceBets Review 2018 - Read our sportsbook rating and find out if RaceBets is reliable

Last updated & tested: 22.11.2018
Ok
66/100
Bonus
68
Odds
0
Service
0
Your rating
50
Awards:
Position: 1 at the award: Rugby Awards
Position: 1 at the award: App Awards
Position: 1 at the award: Sign Up Offers Awards
Unbeatable horse racing service
Lots of safe payment methods
Helpful horse racing news and bonuses
54.

Is RaceBets a good bet?

RaceBets is a betting site that just covers racing: horses and greyhounds. As this RaceBets review demonstrates, it’s certainly got a lot to offer, if you want to bet on these markets. Is RaceBets reliable as a bookmaker? Well, although it won’t win points for a diverse sportsbook, RaceBets ratings on horses and greyhounds certainly show that it’s popular among the dedicated racing crowd, which is the target market.

BONUS
100% Deposit, up to £10
T&Cs Apply, 18+
Betting margin
88 %
Betting offers
More offers
Devices
Website Android iPhone Windows Blackberry
Customer support
E-Mail Livechat Telefon Support in Landessprache Free Hotline 24/7 Support Kostenlose Hotline
Licenses
Malta_gaming_authority>
Uk_gambling_commission>
Payment methods
NOW TO RACEBETS

Introducing RaceBets

DOES RACEBETS REGISTER A DIRECT HIT ON THE RACING MARKET?

RaceBets was founded in Germany in 2005 and, due to its single-minded focus on racing, it fast became the most popular bookmaker in its native country for racing punters. This was due in no small part to the sheer expanse of races covered. With the German market locked down, the company diversified, getting licences in Malta in 2010 and in the UK two years later. They’ve gained in popularity in those new markets too, including among racing fans who aren’t interested in wagering on other sports. Their popularity is also strengthened by the Racebets bonus code for new customers, which we’ll look at in more detail a little later in our review.

RaceBets ratings differ between bettors. It’s important to take into account that some Racebets reviews are artificially low, due to the lack of other sports. Is Racebets good for betting on a wide range of sports? No. But ask, ‘is RaceBets good when it comes to horse racing?’ and the answer is a little different. With live streaming, solid customer service, and a mobile site that allows customers to bet on the move, for those punters who only want to bet on the ponies or dogs, RaceBets seems to have plenty to offer. Our RaceBets sportsbook review will look at various aspects of its offering, so you can decide for yourself if you want to take a closer look.

Kickstart With Our Step-By-Step Manuals

UNDER STARTERS’ ORDERS: GET STARTED AT RACEBETS

Before we get into the nitty gritty of RaceBets, such as the markets, odds, and any welcome bonus on offer, you’ll need to get to grips with the basics. Our quick-start guides cover opening an account, making a deposit, placing your first sports bet, and withdrawing any winnings. Take a couple of minutes to review these guides and you’ll be primed to get started with this bookie, if you want to try your luck betting on horse and greyhound racing from around the world.

How To Open Your Account

    01.

    Step 1

    Click on ‘register now’ on the right-hand side of the screen. Input an email address, username and password initially.

    02.

    Step 2

    If you want to place a bet, you’ll need to give more information. Home address, contact telephone number and date of birth to show you’re over 18.

    03.

    Step 3

    You can decide to credit your account by inputting details of the payment method you are using. You don’t have to deposit right away.

    How To Make Your First Deposi

    • 1If you haven’t deposited on signup, the next time you log in just navigate to the ‘deposit’ option on your account page.
    • 2You will be offered a range of payment methods. These include e-wallets and prepaid cards, as well as all the usual credit and debit card options.
    • 3Choose the amount you want to deposit, and follow the steps. Your funds should appear in your account more or less instantly.
    racebets EN banner payment

    How To Place Your First Sportsbet

    • 1On the Racebets mobile or desktop site, click the option on the left-hand side for which kind of race you want to bet on.
    • 2You’ll see a drop-down list of locations for upcoming races by country, and beneath each country a list of active race courses.
    • 3The races at that course will be listed as a series of numbered boxes, representing the race’s position on the card. Pick your race and your horse.
    • 4Click on the horse’s name, and a betslip will appear. Fill out the details: type of bet, stake and any further bets you want to add to the slip.

    How To Withdraw Your Winnings

    • 1Want to know how to withdraw from RaceBets? It really couldn’t be simpler. When logged into your account, click on your username in the corner of the screen.
    • 2You’ll be presented with your account balance and an option to withdraw. Click on this option and proceed.
    • 3RaceBets maintain a ‘closed loop’. This means the method you used to deposit funds must also be used to make a withdrawal. This is an anti-money laundering measure.

    Know Your Bookmaker

    RACEBETS: A SPECIALIST BOOKMAKER

    Let’s kick off our Racebets review 2017 with a bit more background on RaceBets. As we’ve established, the markets cover racing – of the horse and greyhound variety. In fact, no other bookmaker in Germany takes as many bets on horse racing as RaceBets, including big rival, OneXTwo. RaceBets is clearly doing well enough to offer live streaming, which isn’t something you find on most sites. If you’d like to know more, keep reading as we ask, ‘is RaceBets reliable?’ in several key areas, including payments, customer service, and odds. We start with a look at any bonuses on offer.

    REGISTER IN ONLY 3 MINUTES AT RACEBETS FOR FREE

    Bonus

    YOUR FIRST DEPOSIT MATCHED, UP TO £50 (T&CS APPLY)

    New customers need to use the bonus code ‘WELCOME’ and make a first deposit of £10 or more within 45 days of opening the account to qualify for the RaceBets sign up offer. They will then match the deposit 100%, up to £50. It’s important to note that you have to make a qualifying bet of at least £10 for the bonus money to become available. You can’t use the bonus funds on any horse that is at odds of 1.50 or shorter. If you’re wondering how to withdraw money from RaceBets, note that you have to turn the bonus amount over five times before you can take out the funds. There are also some payment restrictions to flag. These include that deposits via Skrill, Paysafecard and Neteller are ineligible for the bonus. Also, not all countries are eligible for the bonus, so be sure to check the full T&Cs.

    1.

    Betway:

    100% up to £30
    No. 1 of 102 Betting bonus Bonus rating: 5.0 out of 5 stars
    Bonus
    100% up to £30
    Wagering
    (rollover): 6x Deposit
    Type of Bonus
    Welcome bonus
    Minimum Odds
    1,5
    Additional Bonus
    Payable
    CLAIM BONUS & REDEEM T&Cs Apply, 18+
    Make a minimum deposit of £10, place a bet of up to £30 and receive an equal amount in the form of a free bet. Minimum odds of 1.75. Valid for 7 days.

    Betting offer

    JUST HORSES AND GREYHOUNDS: BUT A LOT OF THEM!

    As our RaceBets sportsbook review has already mentioned, this bookie is a race specialist. It’s clear RaceBets reviews its offering regularly, because its horse racing sportsbook alone covers more than 40 countries, including Chile, India, the US, and Europe. Their racing offer is three times the size of most competitors. There is some diversity. As well as greyhounds, the bookie offer several types of horse racing: galloping, jumps and trotting.

    RaceBets
    Highlight betting
    Horse racing from every corner of the globe
    They also cover greyhound racing
    No other sports markets
    Place your first bet

    Compare different bookies’ sportsbook offers

    Sports Football leagues Rating To the bookmaker
    Sports
    20
    Football leagues
    betting offer uk12betting offer europa36betting offer international36
    Rating
    BETWAY
    Sports
    -3
    Football leagues
    betting offer uk16betting offer europa55betting offer international55
    Rating
    NOVIBET
    Sports
    -3
    Football leagues
    betting offer uk8betting offer europa25betting offer international25
    Rating
    BETHARD
    Sports
    -3
    Football leagues
    betting offer uk12betting offer europa45betting offer international45
    Rating
    86/100
    Coral in Test
    CORAL

    Odds

    HOW IS RACEBET RATING FOR ODDS?

    Selected races on RaceBets will be designated as best odds guaranteed. This is a real selling point – not all bookies offer it and the fact that RaceBets do is a major reason why the answer to the question, ‘is RaceBets reliable on price?’ is positive. The races in question will typically be ones run in Ireland, the UK and the UAE.

    Value-adding best odds guaranteed
    Horse racing experts so they know how to add value
    Not all races have best odds guaranteed

    Is RaceBets reliable when it comes to betting margins?

    Is RaceBets really the best when it comes to low betting margins? Check out how RaceBets and other bookmakers fare when it comes to the issue of betting margins using our comparison table. Margins vary a lot between bookies, and they can make the difference between a value bet and one that benefits the bookie more than the punter!

    BookmakersPre-Play-betting footballPre-Play-betting othersIn-Play-betting footballIn-Play-betting othersRatingto the bookmaker
    Pre-Play-betting football 92 - 96% Pre-Play-betting others 96 - 96% In-Play-betting football 90 - 95% In-Play-betting others 88 - 96%
    87/100
    Betway
    Pre-Play-betting football 90 - 92% Pre-Play-betting others 92 - 92% In-Play-betting football 90 - 94% In-Play-betting others 90 - 92%
    87/100
    Novibet
    Pre-Play-betting football 94 - 95% Pre-Play-betting others 95 - 95% In-Play-betting football 94 - 94% In-Play-betting others 95 - 94%
    86/100
    Bethard

    Compare the margins on the top sports

    As RaceBets is a racing specialist, our table of the margins of the popular sports on offer at this bookie is a little limited! However, RaceBets does offer plenty of variety within the markets it covers, so it’s still worth seeing where your money will work the hardest.

    Football
    92% - 96%
    Tennis
    90% - 94%
    Basketball
    90% - 92%
    Hockey
    86% - 90%
    86
    88.8
    91.6
    94.4
    97.2
    100

    Live Betting

    LIVE BETTING LACKING BECAUSE OF THE LIMITED MARKETS

    Most of the major bookmakers use live betting as a key selling point. But RaceBets is different. In a football match, a late goal can change a game and there’s scope to bet in play to take advantage of that fact. Horse and greyhound racing tend to be over quickly, so there’s no time to react to a fallen jockey or a late break on the outside. As expected, there are no live betting offers on here. However, live streaming is available, which is a definite plus point.

    BONUS
    100% Deposit, up to £10
    • 12
      Sports
    • 36
      Leagues
    • 45
      Tournaments
    • 195
      Matches

    Check out some bookmakers that offer live betting

    Sports Betting options Odds level Live streams Rating To the bookmaker
    Sports 20 Betting options 130 Odds level 92% - 94% Live streams no Rating
    87/100
    Betway Review
    Betway
    Sports 25 Betting options 20 Odds level 75% - 95% Live streams yes Rating
    87/100
    Novibet Review
    Novibet
    Sports 8 Betting options 5 Odds level 12% - 24% Live streams yes Rating
    86/100
    Bethard Review
    Bethard
    Sports 30 Betting options 8 Odds level 88% - 96% Live streams yes Rating
    86/100
    Coral Review
    Coral
    Sports 25 Betting options 40 Odds level 68% - 85% Live streams Yes Rating
    85/100
    888sport Review
    888sport

    Payment

    A STRONG SHOWING: NO END OF WAYS TO FUND YOUR ACCOUNT

    You can use credit and debit cards to fund your RaceBets account. You can also use Skrill, Moneybookers, deposit from your bank, use prepaid cards like PaySafecard (although you can’t withdraw to a prepaid card). In short, the only payment method you can’t use is an American Express card and, as RaceBets indicate on its site, that’s because AmEx doesn’t allow their cards to be used for betting sites. Otherwise, the list is extensive and international.

    Deposit & Withdrawal Time Limits min/max Fees
    Paypal Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: Immediately Withdrawal: Up to 48 hours Limits min/max: Deposit: £5 Withdrawal: - Fees: Deposit: No Withdrawal:
    Credit card Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: Immediately Withdrawal: 24 hours Limits min/max: Deposit: - Withdrawal: £25 Fees: Deposit: No Withdrawal:
    Astropay Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: - Withdrawal: - Limits min/max: Deposit: - Withdrawal: - Fees: Deposit: - Withdrawal:
    Giropay Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: Immediately Withdrawal: - Limits min/max: Deposit: - Withdrawal: - Fees: Deposit: No Withdrawal:
    Paysafecard Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: Immediately Withdrawal: - Limits min/max: Deposit: - Withdrawal: - Fees: Deposit: No Withdrawal:
    Neteller Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: immediately Withdrawal: - Limits min/max: Deposit: - Withdrawal: - Fees: Deposit: No Withdrawal:
    Skrill Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: Immediately Withdrawal: - Limits min/max: Deposit: - Withdrawal: - Fees: Deposit: No Withdrawal:
    Bank transfer Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: 3-5 days Withdrawal: - Limits min/max: Deposit: - Withdrawal: - Fees: Deposit: No Withdrawal:
    Instant transfer Deposit & Withdrawal: Deposit: Withdrawal: Time: Deposit: Immediately Withdrawal: - Limits min/max: Deposit: - Withdrawal: - Fees: Deposit: No immediately Withdrawal:

    Customer Service

    RACEBETS RATINGS ON CUSTOMER SERVICE? BETTER THAN AVERAGE

    The bad news first. As a smaller operation (compared to the sites who offer all sports), RaceBets is unable to offer 24/7 customer service. This can be frustrating, but it’s down to staffing rather than competence. The good news is that when they’re there, they are excellent. Live chat and phone support are prompt, efficient and multilingual.The Racebets live chat and phone lines are open between 8am and 5pm UK time, (that’s 9am to 6pm in Germany). Phoning from the UK is free. If you need help outside those times, send them an email. It will be replied to within 24 hours. There’s also an extensive FAQ section.

    Customer Support
    Phone
    Email
    Live Chat
    24/7 Support

    The Racebets live chat and phone lines are open between 8am and 5pm UK time, (that’s 9am to 6pm in Germany). Phoning from the UK is free. If you need help outside those times, send them an email. It will be replied to within 24 hours. There’s also an extensive FAQ section.

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    888sport

    RaceBets App

    NO APP, BUT A RESPONSIVE, USER-FRIENDLY MOBILE SITE

    Our RaceBets review 2017 found there is no dedicated app at this time. But while the lack of a RaceBets app might seem like a negative, the main site is fully optimised for mobile use. It works well on Android and iPhone devices and doesn’t require a download. Given the simple nature of the site, the mobile version works particularly well. There are no distractions, just a list of available races, a calendar, and a facility to access your account.

    Betting Limits

    RACEBETS

    RaceBets take a structured approach to betting limits, placing a strict net winnings limit of €100,000 per week. Once you’ve won that much, you’ll be frozen out for seven days. You can, however, win up to €200,000 on a single Category 1 race and the limit is €100,000 on Category 2. It’s €25,000 on Categories 3 and 4, and for greyhounds. The minimum bet you can place is €0.50. As it common with many bookies, you can set your own limits, if you want to keep your wagering firmly under control.

    Racebets
    £ 0
    Daily profit limit
    £
    minimum bet
    FAST TO THE BOOKMAKER!

    How does RaceBets compare on betting limits?

    minimum bet Max bet Daily profit limit rating To the bookmaker
    0.05 £ per bet 100.000 £ bet 0 £
    87/100
    Betway Review
    Betway
    £ per bet 0 £ bet 0 £
    87/100
    Novibet Review
    Novibet
    £ per bet 0 £ bet 0 £
    86/100
    Bethard Review
    Bethard
    £ per bet 0 £ bet 0 £
    86/100
    Coral Review
    Coral
    0.10 £ per bet 250.000 £ bet 0 £
    85/100
    888sport Review
    888sport

    Extras

    NO FANCY EXTRAS BUT SOME USEFUL INFO

    As you might expect, there is no casino or other distractions on the RaceBets site. If you want a spin on the slots, go elsewhere! However, RaceBets does offer a decent ‘editorial’ section that has a range of blog articles and tips on betting. The articles are updated regularly, and, rather just being a promo for RaceBets, they offer previews of upcoming races and other useful info. The ‘betting guide’ is handy, too.

    Casino
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    Conclusion

    ONE TO CONSIDER IF YOU’RE A FAN OF THE PONIES

    So, we’ve reached the end of our RaceBets review. Hopefully, you’ve got a fuller picture of this niche bookmaker. While other bookmakers would lose points for not having in-play betting or a casino site, it’s fair to say that taking points off for that when giving RaceBets ratings feels a little bit unfair. Their plan is clear: cover racing and do it comprehensively. Overall, we have to conclude that they’ve succeeded. There is a vast array of races covered from across the world, with trotting and greyhound action also available.

    The race specialist

    Is RaceBets reliable for horse racing? Well, you can view live streams of some races, and while there is no app, the mobile site is as good as, or even better than, the main desktop site. With best guaranteed odds, plenty of payment options, a useful blog, and decent customer support, this bookie certainly impresses. Is it a contender for the best online bookmaker? No. Is it a site consider if you want to bet on a range of horse and greyhound races? Yes!

    Bonus
    3.4
    Odds
    0.0
    Service
    0.0

    Overall rating


    Racebets
    66/100
    Ok

    • Basic user-friendly optimised website
    • Depth within the racing markets
    • No other sports covered
    NOW TO RACEBETS
    is racebets reliable-conclusion image
    SHOW BONUS CODE
    T&Cs Apply, 18+

    Are you a fan? Send us your RaceBets reviews!

    If you’ve used RaceBets, let us know how you found the site. Opinions can differ a great deal between users and we’d love to know your take on our RaceBets rating. Review Racebets yourself and let us know below what you think!

    Your rating
    50

    Awards

    VOTE TODAY AND MAKE YOUR FEELINGS KNOWN!

    Through our new awards module, you can vote for your own favourite bookmaker. Don’t let your voice go unheard. Who do you think is the best in the business?

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