Horse Racing Betting

Betting and horse racing go hand in hand. In this guide to horse racing betting we explain the different types of bets, the betting odds and how you can improve your betting by using the tools available on irishracing.com

Betting On Horse Racing With irishracing.com

Irishracing.com is a vast resource of free horse racing content which can help you to improve your horse racing betting.

The website contains detailed information on all horse races with fixture lists, race cards, results, statistics and latest news.

Within our betting section we have pages that provide useful information about the different areas of horse racing betting and the tools to improve your horse racing betting:

Where To Bet on Horse Racing?

No actual betting takes place on irishracing.com but we provide links to all the major bookmakers’ sites.

Here is a list of some of the most popular betting sites with details of the latest sign up offers available for new customers

Boylesports
Welcome Offer
New Customer Offer. €40 in FREE Bets credited as €30 in sports bets & a €10 casino bonus. Min stake €10. Min odds Evs. Free bet applied on first bet of €10 or over. Free bets expire in 7 days. One Free bet offer per customer, household and IP address only. 14 days to accept €10 Casino bonus. Casino bonus requires 5x wagering requirement & max redeemable amount €100. Once accepted it is active for 3 days. Cashed out bets won’t apply. Payment method restrictions. IRE/NI customers only. 30 days to qualify for €40 in Free Bets. Opt in. T&C’s apply. 18+. begambleaware.org
Claim Here
Williamhill
Bet €10 Get €30
Open a New account using promo code C30 and place your Sport Bet to get a matched Free bet up to €30
Claim Here
Betway
Bonus Offer
New Ireland customers only. Min deposit €10. First deposit matched up to €30. 1 x wagering at odds of 1.75+ to unlock free bet. Credit, Debit & PayPal only. T&Cs Apply 18+ begambleaware.org
Claim Here
Bet365
Open Account Offer
Up to £100 in Bet Credits for New Customers Only. Sign up, deposit €5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply..
Claim Here
Ladbrokes
New Customer Offer
18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min €5 bet within 14 days of account reg at min odds 1/2 = 4 x €5 free bets. Free bets valid for 7 days on sports, stake not returned, restrictions apply. T&Cs apply, dunlewey.net
Claim Here
888sport
New Customer Offer
New customers only. Minimum deposit of €10 using deposit code 30fb - A qualifying bet is a ‘real money’ stake of at least €10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit method and withdrawal restrictions apply. T&Cs Apply. 18+. begambleaware.org
Claim Here
Betfair
Bonus Bets
New customer offer. Place 5 x €10 or more bets to receive €20 in free bets. Repeat up to 5 times to receive maximum €100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply.. 18+ begambleaware.org
Claim Here
Betfred
Bet €10 Get €30
Open a New Account with Betfred using the Promo Code 30FREE and stake €10 or more on your first bet. The cumulative odds of the bet needs to be evens or greater. Your account will be credited with an extra €30 within 48 hours
Claim Here
CORAL.ie
Sign Up Offer
18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first €5 bet within 14 days of account reg at min odds 1/2 = 4x €5 free bets. Free bets valid for 7 days, stake not returned. No cash-out, restrictions & T&Cs apply. begambleaware.org
Claim Here
PaddyPower
Welcome Offer
New customers only, limited to one per person. If you’ve previously had a Paddy Power account, you will not qualify for the offer. Place your first bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is €20. Only deposits made using Cards or Paypal will qualify for this promotion. 18+ T&Cs apply. begambleaware.org
Claim Here
RaceBets
Welcome Offer
New IRE Customers only. 18+.Minimum deposit and first bet €10 on fixed odds within 45 days of registration at min odds of 1 to 2. Paypal & some deposit & bet types excluded. Bonus Code WMILLION. Free entry to RaceBets Million given within 24 hours. Free bet valid for 7 days, free bet stakes not returned in winnings. Further eligibility and T&C's apply. www.BeGambleAware.org
Claim Here

How To Bet on Horse Racing Online

Once you have selected an online bookmaker and opened a new betting account you are ready to start betting online.

When looking at the horses running in a race on irishracing.com you can click on the price for a horse from your selected bookmaker and this will take you across to the bookmaker’s site where you can place your bet.

When placing a bet with a bookmaker you can either choose to take the price the bookmaker is offering at that time or instead opt to take the Starting Price (SP). Many bookmakers have a concession where they will give you BOG (best odds guaranteed). This means that if you take their current price and the horse wins they will pay you out at the SP price if that is higher than the price that was available when you placed your bet.

Horse Racing Betting Types

There are many different types of bets that can be placed on horse racing. Here are some of the most popular bets types and an explanation of what they mean:

  • Win Bet – This is placing a bet on a single horse to win a race

  • Each-way Bet – This is two separate bets on a single horse, a win bet and a place bet. A €5 each-way bet costs €10. A €5 win bet and a €5 place bet on the same horse.

  • Double – This one bet combining two horses in separate races. Both horses must win their races for the bet to win.

  • Treble – This is one bet combining three horses in separate races. All three horses must win their races for the bet to win

  • Accumulator – This is one bet on four or more horses in separate races. All horses must win their respective races for the bet to win

  • Yankee – This is a combination of bets on four horses in separate races and involves 11 bets in total – 6 doubles, 4 trebles and 1 accumulator. A €1 Yankee costs €11.

  • Canadian (Super Yankee) – This is a combination of bets on five horses in separate races and involves 26 bets in total – 10 doubles, 10 trebles, 5 four horse accumulators and 1 five horse accumulator. A €1 Canadian costs €26.

  • Lucky 15 – This is a similar to a Yankee as it involves a combination bet on 4 horses but as well as the 11 bets contained in a Yankee the Lucky 15 has 4 single bets. A €1 Lucky 15 costs €15.

FAQs About Horse Racing Betting

Can I win backing horses?

Yes you can win backing horses but it takes hard work, patience and discipline to win at horse betting in the long-term. To give yourself the best chance of winning when betting on horse racing you must study the form of all the horses inthe race, work out which ones have the best chance of winning and then determine if the odds available on those horses represent goodvalue. The one advantage you have over the bookmakers is that they have to price up odds for every race but you do not have to bet onevery race. Wait until the odds are in your favour is the best strategy for successful betting on horses.

It is important to be aware that the majority of horses will never win a race and over 90% of punters will lose in the long run. Keep your bets small initially, always only betmoney that you can afford to lose and keep a log of all your bets soyou can see which ones produced a return, and which ones didn’t.

Is betting on horses difficult?

Placing bets on horse racing onlineis very easy but winning is harder. All online bookmakers have built their websites to make the placing of bets as simple a process as possible, often a bet can be placed in just one or two clicks. Always ensure you understand the rules governing the bet you are placing.

Should I place single or multiple bet on horse racing?

When placing bets on horse racingyou can either place a single bet on one horse to win or include several horses in different races in multiple or combination bets. The single bet has a better chance of producing a return, but the multiple bets have the potential for much larger returns. Bookmakers prefer punters to place multiple bets which tells you all you need toknow.

How do I pick a winning horse?

The favourite or shortest-pricedhorse in a race has in theory the best chance of winning. The reason the horse is the favourite is based on the previous form of all the horses in the race and the amount of money that has been bet on each horse. Overall, around 40% of favourites win races. This percentage varies by individual race type – handicaps lower percentage of favourites win; maiden races higher percentage of favourites win –and by course and distance.

Horses that have shown previous winning form over the course and/or distance of today’s race and have previous winning form on similar going conditions are often worth considering when betting on horse races.

What are the major events to bet on?

Horse racing in Ireland and the UK is broken down into two basic seasons – National Hunt and Flat. The National Hunt season takes place from Autumn through to Springand involves horses jumping over obstacles such as hurdles andfences. The Flat season takes place from Spring to Autumn and the races tend to be over shorter distances and there are no obstacles.

Some Major events in the annual calendar include:

MeetingDateDurationNH/Flat
Cheltenham FestivalMid-March4 DaysNH
Aintree Grand NationalApril3 DaysNH
Fairyhouse Grand NationalEaster weekend3 DaysNH
Punchestown FestivalEnd of April5 DaysNH
Epsom DerbyEarly June2 DaysFlat
Curragh Derby FestivalEnd of June3 DaysFlat
Royal AscotMid-June5 DaysFlat
Galway FestivalEnd of July7 DaysNH & Flat
Listowel FestivalMid-September7 DaysNH & Flat

How do I work out how much my bet pay?

When betting on horse racing online your bet receipt will show the amount of money you staked and the potential return/winnings if the bet wins.

If you placed a combination bet such as a Yankee or Lucky 15 there are varying amounts you can win depending on how many of your horses win their races.

Here is a link to a bettingcalculator which will help you work out how much money you are due to collect

Should I bet on Horse races or other sports?

This is simply a matter of preference and knowledge. The more you know about something the better chance you have of predicting the outcome.

In standard football betting on a match there are three possible outcomes – Home win, Draw, Away win. With horse racing bets there are usually many more possible outcomes determined by the number of horses in the race. Because there are more possible outcomes to a horse race the bookmakers will price these contests differently and there is an opportunity to get better odds if you can pick the correct winning outcome.

What does odds-on mean?

In horse racing betting odds-on means that your potential winnings are less than the amount you bet. As an example, if a horse is 2/1 on it means that you must bet €2 to win €1. If the horse wins you get €3 back, your €2 bet plus €1 profit.

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