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Best Horse Racing Betting Sites in Australia

In Australia one of the most popular sports is horse racing. The country grinds to a halt for the Melbourne Cup every November and betting on the horses is one of the nation’s favourite pastimes. Here at Aussiebet we want you to get the most from your horse racing wagers, and you will find out all the information you need here and in our exclusive bookmaker reviews. From bet types to odds and everything in between, when it comes to horse racing betting Aussiebet has got you covered! But first comes first…our bookie top 5 for racing fans!

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Horse Racing Betting: The Essential Rules

When you are betting on horse racing there are a number of essential rules that you should always keep in mind. These include pay-out limits which can differ for certain tracks and bet types, plus lots of other essential rules. Below we list and explain some of the most important rules when it comes to betting on horse racing.

Horse Racing Pay-Out Limits

In order to protect themselves from bank-busting pay-outs, the majority of Aussie bookies impose strict win limits on horse racing.  These can vary widely from bookmaker to bookmaker, so make sure you check the terms and conditions when you are placing a bet. Most betting companies have different pay-out limits for metropolitan and non-metropolitan tracks. Pay-out limits can vary for multi bets and exotic bets too, so make sure to do your homework. You will find more information on pay-out limits for horse racing in our extensive bookie reviews.

Horse Racing Dividend Limits

We all love it when we land a long shot and as Prince Of Penzance showed in The Melbourne Cup in 2015, even 100/1 shots can win sometimes. However, if you are a punter that prefers big prices, then do your research as certain bookies impose dividend limits on horse racing bets. These can vary between limits for win and place bets, as well as multis. Make sure to check out the terms and conditions of your chosen bookmaker before you have a bet.

Horse Racing Dead Heat Rules

Sometimes in racing two (or maybe even three or four) horses can pass the post at the exact same time. When this happens it is known as a dead heat, and when this occurs you won’t win as much. When there is a dead heat between two horses in racing both are deemed to have won, but the catch is that your original stake is halved. If three horses are involved, then you will receive a third of what you originally would have won. This rule stands for place and win bets but may vary from bookie to bookie, so make sure to check the terms and conditions.

Basic Racing Betting Markets

For beginners, it can be very intimidating when you start betting on horse racing. There are a huge amount of markets and bet types to choose from and here at Aussiebet we try to help you understand exactly what each wager type is. Betting on horse racing can be very simple, but it can also be complicated and below we explain some of the most common bet types available for horse racing in Australia.

Horse Racing Betting: Win/Place/Each Way

The most simple wager types when betting on horse racing are win, place and each way bets. These wagers involve picking a horse and betting on it to either win or place (or both with each way). In races with less than 5 runners only win bets can be placed. Races with 5-7 runners mean that a horse must finish in the first two for place/each way bets, and races with 8-15 runners require your selection to finish in the first three. For bigger fields in handicaps only, bookmakers pay out on the first four home. Fixed odds can be taken, or else punters can choose to be paid at SP (starting price).

Horse Racing Betting Top/Best Fluc

If you wait until half an hour before the race your selection is running in starts, you can place a Top Fluc or Best Fluc bet. The same rules apply as for fixed odds win/place/each way bets, but if you win you will get paid at the top official on-course bookie fluctuation as determined by the Bookmakers Pricing Service (BPS). The Win part of your wager will be paid at the best official Bookmakers' price. For Win/Place bets, the place portion will be paid at the Tote Place dividend declared in the state in which the race is run.

Horse Racing Betting Exotic Wagers

When you combine a number of horses in a wager for a race or a group of races it is known as an exotic bet. Different exotic bet types include exactas, trifectas, quaddies, quinellas, first four and big six wagers. Some bookies even offer punters the choice of placing exotic multi bets across different meetings. Daily doubles, Top Trebles and All Up Accumulators are all considered exotic multis, and if you manage to land one of those bets you will usually be very well rewarded. You can also combine multiple selections in trixies, lucky 15s, patents and yankees for win or each way purposes.

Horse Racing Betting: Top Punting Tips

Okay, so you have opened an account with an online betting agency and you are ready to start betting on horse racing. Here at Aussiebet we know just how tricky betting on racing can be, and we have outlined some of the key things to consider before you part with your cash. Check out our top punting tips for horse racing betting below.

Horse Racing Betting Tips: Ground Is Key

The single most important thing to check before you place a bet is what the ground conditions are. Some horses are best when the surface is dry and fast, whereas others love it when the mud is flying. There is no point backing a mud lover when conditions are quick, and the same applies in reverse. Sometimes when ground conditions change during a meeting value can be found, so always keep abreast of weather conditions if you are going to have a bet.

Horse Racing Betting Tips: Jockey/Trainer Form

Another good indicator of what is expected of a horse on race day is the form and record of jockeys and trainers. Some handlers and pilots have excellent records at certain tracks and it can pay to follow those jockeys and trainers. For example, jockey Damian Lane is usually worth following at Flemington racetrack. He has had 108 rides there in the last 12 months, yielding 14 wins (12.96%) and 34 places (44.44%). Other jockeys and trainers do well at other tracks, so if you want to find winners then always make sure to check jockey and trainer records for wherever you place your wager.

Horse Racing Betting Tips: Value Is King

Odds can vary massively between different bookies for horse racing, especially when it comes to fixed odds. Some bookmakers run tighter margins than others, so it makes sense to shop around for the best value. It really can make a huge difference to your returns and when you do pick a winner you want to maximise your winnings. So, before you place your wager make sure to do your research and find the best price possible.

What Makes A Good Racing Bookie?

If you mostly bet on horse racing then certain bookies are better than others. There are a number of elements that make a bookmaker stand out from the crowd. The first thing that you should consider is how good are the odds for horse racing betting. Odds can vary wildly between bookmakers for the same wager, and some are consistently better than others. For example, the Aintree Grand National has been known to “break” the entire betting industry, with odds being drastically changed and they also put many specials on offer.

Some Aussie bookmakers are now offering live streaming of horse racing, and we will discuss those bookies in more detail later on. Racing commentary of international and domestic racing is also available with some betting agencies. This is a useful facility to have and it adds to the excitement of betting on horse racing online.

Where Should I Bet On Racing

When it comes to choosing where is best to bet on horse racing there are a huge amount of options. The first thing you should do is check out our in depth bookie reviews where we look at all the pros and cons of all of Australia’s most popular betting companies, including BetEasy, Ladbrokes, Unibet and Palmerbet.

With BetEasy we were very impressed by the sheer range of horse racing markets available. Ladbrokes is another solid option if you want to bet on horses. They too have a lot of markets available, although Ladbrokes doesn’t take many chances with margins.

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Unibet is one of the leading bookies when it comes to prices on horse racing, and if value is your main concern then Unibet could well be the perfect bookmaker for you. Patriotic punters could do a lot worse than choosing to bet on horse racing with Palmerbet. Palmerbet is 100% Aussie owned and if you own a racehorse you can get special benefits.

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Most important Australian Horse Racing Events

The Melbourne Cup is undoubtedly the biggest race in Australia with total prize money of $6 million. However, there are lots of other massive races throughout the calendar year and below we list some of the biggest ones.

Flemington Racecourse

The Melbourne Cup

Known as the race that stops a nation, The Melbourne Cup is the most important race of the season. Held at Flemington Racecourse during their Spring Carnival this lucrative 3200m handicap is one of the most valuable races on the planet with $6 million up for grabs in prize money. British raider Cross Counter won it in 2018 and Aussies will be hoping they can reclaim the crown in 2019.

Victoria Derby

This is a race for 3yos only and it is run over a distance of 2500m on the first day of the Spring Festival. There is a healthy prize fund of $1.5 million and the winner in 2018 was Extra Brut for Darren Weir. Be sure to check out our Victoria Derby betting guide before the event takes place.

Emirates Stakes

The Emirates Stakes is a handicap run at Flemington over a distance of 2000m. This race has a prize fund of $2 million dollars and it is run on the final day of the Spring Festival. Trap for Fools won it in 2018 for Jarrod McLean.

Australian Cup

The Australian Cup is a Group 1 contest for horses aged 3yo or older and it is a weight for age race. Run over a distance of 2000m this race has total prize money of $1.5 million. It was won by Harlem in 2018 and it takes place at The Spring Festival.

Caulfield Racecourse

Caulfield Cup

This race is run a few weeks before The Melbourne Cup at Caulfield Racecourse and it is seen as a good trial race for the big one. However, this 2400m contest is a valuable one in its own right with prize money of $3 million on offer. Best Solution won for Godolphin in the last renewal in 2018.

Moonee Valley Racecourse

Cox Plate

This Grade 1 for 3yos and older is the most valuable race run at Moonee Valley. It is a weight for age race and has prize money of $3 million. It is held in October and run over a distance of 2040m. Wonder mare Winx has won the last three renewals.

Randwick Racecourse

Doncaster Mile

This is a handicap race for horses aged 3yo and older and it is run over a distance of 1600m. The prize fund is a very healthy $3 million and it is run at Randwick Racecourse in March.

Queen Elizabeth Stakes

This is the most valuable weight for age race in Australia with a prize pot of $4 million. It is a race for horses aged 3yo and up and it is run over a distance of 2000m in April.

Rosehill Racecourse

Golden Slipper Stakes

The Golden Slipper is run at Rosehill in March and it is the most valuable 2yo race in Australia with a prize fund of $3.5 million. It is run over a trip of 1200m.

Best Horse Racing Apps

Betting on the go is hugely popular with Australian horse racing punters. All online bookies that we reviewed had a mobile or web app, and for betting on horse racing we think BetEasy Mobile App is probably the best. The range of markets available is very impressive and most of importantly of all, you can stream live racing from VA and WA racecourses.

We were also impressed with the app on offer from Unibet. Again, the interface is well designed and it operates smoothly on both Android and Apple devices. The range of markets is impressive, the quality of odds is second to none and if you a sports fan too, you can stream thousands of events live on the Unibet Mobile App.

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Horse Racing Live Streams

Not all Australian bookmakers offer live streaming of racing, so the ones that do have a big advantage. Of the betting agencies that we reviewed, three currently offer live streaming of Australian horse racing at the present moment.

Both ClassicBet and Palmerbet also offer horse racing punter the opportunity to stream live races. Sportsbet provide live streaming of meetings in Victoria only and with BetEasy you can also watch races in VIC and WA.

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Horse Racing Betting in Australia FAQs

For horse racing in Australia, the best online betting sites are BetEasy, Palmer Bet, and bet365. You'll find excellent odds, great markets and loads of race meets covered.

The Melbourne Cup, The Caulfield Cup, and the Doncaster Mile are three of the biggest horse races in Australia, with the Melbourne Cup more or less shutting down a country as everyone tunes in.