Australian Horse Racing Betting Sites

As far as betting goes, horse racing is the key sport for Australian punters. Our horse racing analysts have checked out multiple betting sites to see which ones are best for wagering on horses.

Among other important topics, we look for the quality of horse racing odds, live streaming and horse racing betting apps. If you’re horse racing fan then you should enjoy reading this comprehensive guide to Australian horse racing betting sites.

Top 5 Australian Horse Racing Betting Sites

Betting Site Best Feature


Best Live Streaming

Geo restrictions apply. You must have a funded account or have placed a bet in the last 24 hours to access. Under Australian law, we are required to inform you that Live Streaming on bet365 is exempt from Parts 3 and 4 of the Broadcasting Services (Online Content Service Provider Rules) 2018.


Watch and bet live!

Reliable Bookmaker with Flawless Track Record


Great App

Traditional Values and Great Betting App


Weekly Specials

Variety of Betting Markets


Great Sports Coverage

Key Player on the AUS Betting Scene

For us, bet365 is the best betting site as far as horse racing goes, but it was a photo finish. BlueBet and Unibet are both very well regarded by the Aussiebet team but thanks to the availability of live horse racing streaming, bet365 just about edges ahead of those two rivals. When it comes to fantasy horse racing betting, Draftstars is at the head of the field. You can see the final list of our top 5 Australian horse racing betting sites above.

bet365 – Live Streams Available!

Bet365 is one of the biggest and best-known bookies in the world. They are originally from the UK, but bet365 quickly spread all around the globe, including Australia. If you’re searching for a highly reliable bookmaker with a long tradition of excellence, this is the place for you.

They cover all the biggest Australian horse races, including The Melbourne Cup. You can also get bets on the very best UK and European races and meetings, like the Epsom Derby, The Grand National and The Cheltenham Festival.

However, the thing that really helps bet365 to stand out from the crowd is the fact that members can access live racing streaming on desktop and mobile. That’s right you can stream both domestic and international races if you open an account with bet365. To learn more about it, check out our review of bet365.

  • Racing live streaming
  • Great range of banking methods
  • High odds
Bet365 Live Streaming

Bet365 streams thousands of events every year, bringing you top sporting action including games from Europe’s top domestic Soccer leagues and Grand Slam Tennis tournaments, as well as Horse Racing from selected Australian, UK and Irish tracks.

Only available to eligible customers. To watch live sport, UK and Irish racing covered by Racing TV or US racing covered by At The Races, all you need is a funded account or to have placed a bet in the last 24 hours. To watch any other racing, you must place a qualifying bet of at least $1.00 Win or $0.50 Each Way on your selection(s). This applies to singles and Multi bets. Minimum stakes apply to Tote and other pool betting.

Any fixture/event on bet365 which has the Play or Video icon next to it is scheduled to be shown via Live Streaming.

Live Streaming is only available to eligible customers, and availability may be determined by the status of your account. If you are unable to watch live sport with bet365 and you are unsure of why this is, please contact customer support.

Under Australian law, we are required to inform you that Live Streaming on bet365 is exempt from Parts 3 and 4 of the Broadcasting Services (Online Content Service Provider Rules) 2018.

Visit bet365 Website

Australian Horse Racing Odds

Anyone who bets regularly on racing knows just how vital it is to get the best odds. Given the variety of prices available from different bookies/authorities in Australia, finding the best prices can take a bit longer than for other sports.

However, don’t even think about taking any shortcuts because if you don’t get the best possible odds when betting on horse racing then you are hitting yourself directly in the pocket if your bet wins. If you are still in doubt about whether odds are all that important, the section below illustrates perfectly just how crucial they are.

Australian Horse Racing Odds Comparison

The above is a below showing the Fixed Win odds for a race held at Darwin earlier this season. It nicely demonstrates just why shopping around is vital. Say you fancied Elysia to run well. If you had $10 on the horse to win with bet365 you’d get 12.00, while with Palmerbet and Unibet the same horse is 19.00! That represents a massive difference in returns if the horse wins. However, if you fancied Trebla then it is bet365 who have by far the best odds in comparison to the other two.

Top 3 Horse Racing Odds Betting Sites
Twilight Maneuver5.505.005.00
Taipei Dancer4.404.404.40
Princess Leah3.203.503.40

Another useful indicator as to the overall value offered by bookies is the overround. For the above race at Darwin, there was very little between the bookies in terms of the overround. Bet365 (108.7%) and Unibet (108.6%) were separated by just 0.1%. Palmerbet had an overround of 109.1%. However, even though Palmerbet had the worst overround, they were still joint best in the betting on 3 horses. Like we repeatedly say, shop around to make sure you get the best price. It is the only way to ensure you aren’t missing out.

Horse Racing Betting Tips

We have advice from some of the best racing tipsters around on how to improve your horse racing betting skills. From track and draw biases, to ground conditions and everything in between, our experts reveal some superb tips that will most definitely improve your horse racing betting strike rate. If you love betting on Australian horse racing but find winners tough to come by, the next section should help you out big style!

  • Track/Draw: As the old saying ‘Horses for Courses’ suggests, some horses are more effective on certain tracks. Another very influential factor in some courses is the draw. If you fancy a horse to go well and he is well drawn and has previously placed or winning form at the track then a bet is definitely warranted.
  • The Going: Horses are very particular when it comes to going (ground conditions). Some horses are at their best when racing on dry, quick ground while others much prefer when the rain is falling and the mud is flying. Look back at the previous form to see how a horse has performed on similar ground to the current conditions. Pedigree and breeding also give clues as to whether a horse is likely to handle certain ground conditions.
  • Trainer Form: Yards often go through spells in racing. Hot streaks and cold spells are both frequent so it is vital to check recent trainer form to see if their horses are firing. If the horse you fancy is from a yard that is struggling to send out winners, it probably makes sense to wait for another opportunity before having a bet.

Types of Horse Racing Bets

Horse racing betting online can seem complicated for those who are just starting out. Unlike in the UK, there are multiple totes and most betting sites will let you choose which market/odds you want to bet on. Fixed odds for win and place are calculated by the betting sites, but there are three major Australian ‘Totes’ (TAB, NSWTAB, and UBET).

These totes represent different regions of the country. TAB is associated with Victoria, NSWTAB is associated with New South Wales while UBET is associated with Queensland, South Australia, Tasmania and Northern Territory. Confused? Well, don’t be! It really isn’t as complicated as it seems, as you will see if you read the sections below.

Futures Betting

The Futures markets in horse racing can be risky. If you back a horse for The Melbourne Cup in March or April and the horse doesn’t make it to the race, you will lose your stake. On the plus side, it is possible to get huge odds on some horses and if they do line up at the start of the race you backed them for, chances are you’ll be on at a much bigger price if you backed them in the Futures market.

Fixed Odds/Tote Betting (Win/Place)

As we mentioned earlier, there are three main Totes in Australia. Prices are usually not as competitive as the fixed odds offered by different betting sites though. Some bookies, like Unibet for example, allow you to bet on ‘Top Tote’ and ‘Mid Tote’ markets where your bet is settled at the top odds or average odds offered by all three Totes. However, in general, you will most likely get better odds in the Fixed Odds markets formed by individual bookies and this is true for both win and place bets.

Each Way Betting

While some punters swear blind by win only bets, plenty of shrewd horse racing punters prefer to play each way. Each way bet is a wager placed on both the win and the place. It consists of two separate bets so a $10 e/w wager on a horse will set you back $20. To get the maximum possible return you need the horse to win. If your horse places (2-3-4 depending on field size) you lose the win part of the bet but you’ll get paid on the place part.

If you can find horses with solid place prospects at big odds, each way betting can be a very profitable way to bet on the horses. Another plus is that these kinds of wagers are available at all of the horse racing betting sites from our list.

Australian Horse Racing Exacta/Quinella/Trifecta

A very popular horse racing wager with many Aussies is an Exacta or Quinella bet. An Exacta is a bet on the first two finishers in a race in the correct order and it consists of just 1 bet. A Quinella also requires you to pick the first two horses home, except they can finish 1-2 in any order. It contains two separate wagers.

The Trifecta is another popular wager type and as the name suggests, you need to predict the 1-2-3 in the right order and you can also do ‘Boxed Trifectas’ that allow you to pick the first three in any order. Exactas, Quinellas and Trifectas are settled by whoever operates the main Tote in your region.

Can I Bet Live on Horses?

Unfortunately, none of our leading Australian horse racing betting sites displayed in-play odds for horse racing. With bet365 and Unibet you can bet on a good selection of sports in-play over the phone but for the moment at least, no live horse racing betting is available. If this situation alters in the future you’ll hear about it at Aussiebet first.

Fantasy Horse Racing Betting

Traditional horse racing betting can be fun, but Draftstars have brought a totally new dimension to the sport. With Draftstars you can bet on daily fantasy horse racing games, competing against other punters rather than against the bookies. There are fantasy leagues for loads of meetings daily and the concept and scoring systems are easy to understand.

Free games and paid games are both available. Once you enter you’ll need to pick one horse from each race at the meeting. You receive points if your horse wins or places (bigger odds = more points) and the player with the highest score at the end of the last race wins. Customised leagues can also be formed and you can use those to compete solely against your mates. You can find out more about fantasy horse racing betting with Draftstars if you check out our review.

Best Places to Watch Horse Racing Live Streaming

We are very happy to report that all three of our top Australian betting sites have live horse racing streaming available. With both Unibet and bet365 you need to place a minimum bet on a race in order to qualify for live streaming. However, if you sign up with bet365 and simply make a deposit, you will be able to stream top-class domestic and international horse racing action on both desktop and mobile platforms.

The third option is to try the Betfair Exchange. But note that their racing streaming offer is still the worst because they are just recently started offering an option to watch live horses on the site.

Horse Racing Betting Apps – bet365 Lead The Way!

Modern-day punters are using their mobile devices more and more, especially for online horse racing betting. Even the Australian Government clearly points that out in their research about interactive and remote wagering.

That is why we place such high importance on the quality of mobile betting apps. For us, the bet365 mobile app gets the job done nicely and you can access all the same fixed odds, futures and other types of markets that are available on desktop. You can also stream live horse racing action via mobile with Bet365.

Bet365 have taken no shortcuts and we were happy to see native bet365 apps for both iOS and Android devices. The iOS App requires 36.1MB in space and iOS 8.1 or later to function properly.

The bet365 Android App can be downloaded for free from the bet365 web app via your mobile internet browser. The Web App is perfect for those who use other devices like Nokia or Windows phones. Check out our reviews page if you want to know more about the top-notch bet365 mobile apps.

Major Races And Meetings

The domestic and international horse racing calendar is packed with big races and meetings throughout the year. Domestic races are mostly held under the patronage of Racing Australia Limited. The four races that probably matter most are The Melbourne Cup, The Caulfield Cup, The Cox Plate and The Golden Slipper. The VRC Oaks is another big domestic race that is worth a mention.

In Europe, it is the jumpers that dominate the winter/spring schedules with The Cheltenham, Aintree and Punchestown Festivals. During the summer the focus switches to the flat and meetings like Royal Ascot, Glorious Goodwood and The Epsom Derby and Oaks meeting. You can see some of the key meetings and races from Australia and around the world below…

Australian Horse Racing Key Races

International Horse Racing Key Races (Jumps)

  • The Grand National
  • Cheltenham Gold Cup
  • Champion Chase
  • Champion Hurdle
  • Stayers’ Hurdle
  • King George Chase

International Horse Racing Key Races (Flat)

  • Epsom Derby
  • 1000/2000 Guineas
  • St Leger
  • Champion Stakes
  • Epsom Oaks
  • Royal Ascot
  • Breeders’ Cup
Bet365 is easily the best horse racing betting site in Australia. However, if you want to take a look at other options, click on the button bellow for the full top 5 list. Top horse racing bookmakers

Australian Horse Racing Betting Sites FAQs

First thing is to find a betting site that offers odds on horses. If you’re not sure where to go, our list of top 5 horse racing betting sites in Australia should be helpful. After that choose the race you want to bet on, select your bet and place a wager. Check your ticket before leaving, just to be sure everything is all right.

Odds on horses are expected returns you’ll get if your bet ends up as a winner. As our odds comparison table back up the page showed, prices for individual horses can vary quite considerably between bookies. So, that means that the only sure-fire way to get the best price is to shop around. For futures betting, bet365 and Unibet can usually be relied upon to provide competitive prices.

With Qunealla bets, you can choose two horses you believe will finish on the top. Unlike Exacta, with Quinella, those two horses don’t have to finish in a set order, meaning that you’ll win the bet if either one of them wins and the other finishes second. If you want to learn about this and many other exciting horse racing markets, check out the part about the most popular bets on horses.

Yes, all three of our top Aussie horse racing betting sites do have live Australian horse racing streaming available for their members. You can stream both domestic and international races with bet365, while you need to place a bet on a race to qualify for live streaming with Unibet, which also has live streaming of lots of other sports available too!

Not only is betting on horse racing legal in Australia, it is one of the nation’s most popular pastimes. Bookies are perfectly entitled to legally offer online betting on horse racing, once they have a valid operating license issued by one of the Aussie authorities. If you want to know if the bookie you are considering signing up with has a valid license, you will find all the information you need in our bookie reviews.