RaceBets Bookmaker Review

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RaceBets is an interesting bookmaker that may intrigue the horse racing fans amongst you. Whereas most bookies are ‘Jack-of-all-traders’ that cover as much as possible, RaceBets have decided to specialise in what they offer. As you may well have guessed from the company’s name, they only look at horse racing and greyhound racing.

They offer odds on more than a quarter of a million different races every year, covering events from forty different countries. These include the likes of Finland, Italy and the United States. You’re only going to use RaceBets to replace your current bookmaker if you bet on racing and nothing else, but even if you do like to bet on a variety of sports you’d be mad not to to check out the odds and offers you can get from them.

Welcome Offer - £50 Matched Deposit Bonus

The RaceBets welcome offer is a tasty one: They’ll 100% match your first deposit from £10 up to a maximum of £50.

How To Claim

To take advantage of this offer you need to deposit your chosen amount and then roll it over once. Having done that you then head to the bonus section and enter the world WELCOME to receive your bonus funds. As long as you place your bets, settle them and enter the code within 45 days of opening your account you’ll be fine.

What Deposit Methods Are Valid For The Bonus?

As long as you don’t use Neteller, Skrill, a PaySafeCard or a pre-paid credit card then you’ll be alright.

How The Bonus Works

Once the bonus is activated you’ll have 30 days to roll it over in its entirety before you’ll be able to withdraw it. The minimum odds you can use for your bets is 1/2 (1.50).

Regular RaceBets Promotions

racebets promo

There are loads of great regular promotions here that you’ll want to take advantage of. There’s a 5% bonus boost on selected races from the US, for example, or a 10% boost on all Indian races. There’s Best Odds Guaranteed, that you might have seen from other bookies, but it’s not just for UK and Irish races; you can get BOG for racing from South Africa and the UAE, too. As you’d expect from a bookmaker that specialises in racing, there are plenty of special bets you don’t get everywhere else.

Have you ever placed a bet on a horse only to see if refuse to run? If you’d done that with RaceBets then you’d have received your stake of up to £25 back as bonus cash. Exactly the same offer is in place for a horse that falls at the first fence, as long as you place your bet on the day of the race and go for a win single. If you’re anything like me you’ll have placed a bet on a horse, seen it win and then seen it demoted before you’ve even had time to celebrate. If that happens on a fixed odds or SP bet with RaceBets on a bet you’ve placed on the day of the race then you’ll be credited for the win anyway.

Desktop Site

racebets desktop

The RaceBets site undoubtedly benefits from only covering racing. I know that might sound silly, but some sites simply have too many things to cover so they’re really busy and full and information. Here you’re looking at a site that only has to tell you about horse and greyhound racing, so it’s really easy to navigate. It may not be the most welcoming website in the entire world if you’ve never placed a bet online before, but if you have then you’ll be familiar with the layout straight away.

Down the left-hand side of the homepage are quick links to races that are just about to get underway. There’s also a tab that can take you to ante-post options. Along the top you can click on links to live streams, offers, interesting statistics and an editorial section. I would have been pleased to see a search function for those of you who know exactly which horse you want to bet on or race you care about, but even without that it’s simple enough to get around. The races a broken down into country and time.

Mobile App

There isn’t a mobile app at the time of writing. Instead there’s a website that has been specially crafted for a mobile phone. In principle it’s supposed to be like a pared back version of the desktop site. In practice it doesn’t have any of the charm of its bigger brother, instead opting for a functional and plain site that you can place bets on but little else besides.

The homepage has tabs for current events, ante-post bets and a calendar. Underneath those tabs there are links to all of the upcoming races separated out by country. A menu button in the top left opens up a selection of areas, including the next races by time and live streams. It’s unexciting, but if you’re there to place a bet and not much more then you’ll find that it does precisely what you want it to.

Live Betting

It’s tricky to live bet on racing, given that it’s normally over before you’ve had time to look up from the device you placed your bet with.

Live Streaming

racebets live

You can stream numerous races in high quality from all over the world.  When it comes to racing streaming there are few better, and this easily makes up for any deficiencies in the RaceBets site.

Whether you’re looking on the main website or the desktop site, there’s a link to live streaming to mean that you can watch exotic races such as the Dubai Cup in the comfort of your own home wearing nothing but your pants, should you wish to.  

Markets and Odds

If there’s one area where RaceBets excels then it is unquestionably in their market depth. They’ve got racing covered, whether you’re interested in flat racing, jumps or greyhounds. Over 250,000 races a year isn’t an amount to turn your nose up at after all.

Odds-wise they’re also quite impressive. These guys know their onions, so if you’re looking to place a bet on a horse race or a race at the dogs then you simply have to check out their offers to see what suits.

Banking

You can use most of the usual banking methods offered by the big bookmakers. Skrill, Neteller and PaySafeCards are all on the agenda, as are MasterCard, Visa and PayPal.

Other Products

The thing about specialist bookmakers is that they want to narrow down what they cover in order to ensure that they cover it to the best of their ability. That’s why racing is all that’s offered by RaceBets, at least at the time of writing.

About RaceBets

racebetsRaceBets might be relatively new to the UK market, only arriving to fully cover UK and Irish racing in 2012, but you should think that that means that you need to be wary. They were set up in German in 2005, taking just two years to become the largest bookie in the country. Three years after that and they put their money where their mouth is, so to speak, by inviting German Racing to become company shareholders. That means that a portion of the company’s profits are re-invested in the sport in German, which is pretty impressive.

2010 was also the year that RaceBets relocated from Germany to Malta. This wasn’t an entirely geographical decision, instead allowing the company to spread its wares out throughout Europe and gain a foothold in the lucrative UK & Irish game. They want to impress you and keep your business, which is why they work so hard to have some of the best odds and good market depth. Race bettors are a fussy bunch, so the fact that RaceBets has decent customer retention speaks volumes.

Pros

I’ve mentioned it more than once already, but the depth of the market that they cover has to applauded. If you like betting on horse racing or greyhound racing then you’d be silly to look elsewhere without first checking out the odds offered by RaceBets.

Cons

The desktop site is a little boring, but its functionality means that it gets away with it. The fact that there’s no mobile app is disappointing, though. The site for mobiles is dull as dishwater, so this is something that I’d like the see them improve upon in the future.

Licence & Contact Details

There are a number of contact options, which is good. That includes a fairly comprehensive and searchable FAQ database. You can email them and they promise to respond within 24 hours, and they also have telephone help and an online chat. The problem is that the telephone helpdesk is only open from 9am until 3.45pm, with the online chat offering the same opening hours.

If you’re a social media user then you’ll be pleased to know that the company boasts both a Facebook page and a Twitter account. There’s limited interaction with customers on either platform, instead the feeds are mostly filled with betting tips, results and links to blogs. That’s a fine, if uninspiring way to use social media in my opinion.

Licence Number: 39428.  

The company’s registered name and address is: RaceBets International Gaming Limited, Dragonara Business Centre, Dragonara Road, St Julians, STJ 3141.