Racebets is a bookmaker that deals exclusively with horse racing. This makes them a truly one-of-a-kind online operator and a good choice for fans of this sport. The company was founded in 2006 but is only operating independently since 2009. Licensed and regulated by the authorities in Malta, the group is owned by the German Racing Association. Greyhound racing was a relatively new addition to their collection of games, but one that has gained a lot of traction recently.
Key facts about RaceBets
- Racebets offers a competitive selection of horse and Greyhound races but nothing else.
- The welcome bonus consists of a mix of free bets and deposit bonuses.
- Racebets has happy hour campaigns and offers financial incentives on a daily basis.
- The races are broadcasted live and players get refunded if they are horse loses by a nose.
- Racebets doesn’t offer poker, casino games and has no live chat feature.
RaceBets Sports and Odds
Racebets is literally a one trick pony, as it only deals with horse and greyhound racing. The latter was introduced later on, but the emphasis is still on horse racing competitions. They’ve extracted an astonishing amount from this sport and have more than 40 different countries covered. Players have the possibility of placing multiple bets on the same race and the number of markets is impressive.
The race cards are available well before the race actually stars, so players have enough time to act. It is also possible to bet in real-time and there are various refund deals for those who lose by a narrow margin. The bookie offers a race preview for all events, which should help players make an educated decision. Additional information is available in the educational section, for those who are new to horse race betting
The Racebets betting markets offer competitive odds on all selections. Every territory and continent is covered, but the emphasis is on German and UK competitions. Compared to other bookmakers, they offer slightly better odds on pretty much all events, especially exotic markets. The only downside is that for a gambling operator focusing exclusively on horse racing, the number of markets could be bumped a bit.
Live Betting and Streaming at RaceBets
Racebets live betting is the juice that flows through the veins of this bookmaker. Pretty much all the markets that are available for ante-post betting are also covered in real-time. Advanced players can use complex strategies to improve their chances and reduce the house edge. Betting in real-time is easy and intuitive, thanks to the user-friendly gambling module. It is possible to combine several events and add multiple selections on the same betting stream.
Racebets offers live streaming of horse races, but few greyhound races are covered in this way. All those who have made a minimum deposit and have placed a bet on these events can watch them live. It’s possible to see how the races unfold on mobile devices and they cut a dedicated application for iPhones.
RaceBets promotions and bonuses
Racebets promotions begin with the €10 no deposit back which is offered to all newcomers. As soon as players register for a real money account they receive this amount and can use it on any upcoming race. There is also a welcome bonus worth up to €50 and it represents the first deposit being doubled. The wagering requirements are extremely reasonable and the combined amount only needs to be played through five times.
Players have to bet on all the at least 1.01 so virtually every selection will qualify. Players should avoid betting twice on the same event because only the first one will be factored in. Racebets bonuses are up for grabs on a daily basis and the Happy Hour promotion is the most popular one. It starts at noon and concludes one hour later and during this hour, the bookmaker offers the best odds out there. A dozen different operators have their odds monitored, so you can rest assured that you get top value. Ladbrokes, William Hill, Paddy Power, Coral, Stan James, Betfred and Boylesports are on the list.
Another lucrative deal is actually a cashback which has stakes refunded if players have their horse defeated by a nose. This offer only applies to the first and second place, but is available on all Irish and UK racing markets. Another cashback deal is the one that will refund horses that fall at the first fence. In both cases, players can only hope to recuperate an amount equal to €50 or currency equivalent. A similar refund is offered to those players who bet on a horse that refuses to race.
Keep your winnings and get refunds
Another cool Racebets promotion is the one that allows players to keep their winnings if the horse gets demoted. The upside of this offer is that you receive the money even if the horse is disqualified after it wins the race. There’s no need to worry about what happens next and once the race reaches its conclusion, you get what’s rightfully yours. The reimbursements go even further and players receive money back if their horse takes the wrong course during the race.
Players who bet on French racing events, are going to be refunded if their selection comes in second to the PMU. This offer is only available to those who bet on specific events broadcasted live by Racing UK or At The Races. In this case, you are only eligible for a reimbursement of €25 or currency equivalent. Beat the Trader promotion is aimed at celebrating major events such as the Cheltenham Festival. Those who participate need to indicate a winner and if they accumulate a better score than their main trader they can win a share of the guaranteed prize pool. This stands and €5000 and anyone can enter for free.
How do you register at RaceBets?
The Racebets registration process is strict and you need to be willing to share a bit of information when you sign up. In addition to the email address, you will have to give your complete name and address. The good news is that you won’t have to worry about these details when you make the first cash out. Once the registration process is complete, players will also receive the no deposit bonus. Those who are found trying to abuse the terms and conditions of any offers will be excluded from any promotions.
Is RaceBets safe and reliable?
Racebets has improved the security protocols since 2006 when it opened shop. Over an entire decade of existence, there were no instances in which players lost money or funds to cyber criminals. A mix of firewalls and SSL encryption technology is probably the reason for their iron clad security.
Payment options and cash out times at RaceBets
Banking with this bookmaker is simple and straightforward since you can use multiple payment methods. Credit and debit cards such as Visa and MasterCard are available alongside wire transfers, PayPal, Skrill, Neteller, Ukash, and Paysafecard. There is a pending period for cash outs of 24 hours and then players have to wait between two and five banking days.
RaceBets service and support
Customer support is pretty good and would’ve been better if assistance were available 24/7. Office hours start at 9 AM and conclude at 6 PM and there is no live chat feature available. This means that telephone support and email are the only means to communicate with their experts. The good news is that they are fluent in both English and German, so you won’t get lost in translation. Players are also encouraged to go over the Knowledge Base, which is actually a very useful FAQ section.
What are others saying about RaceBets?
Some players can’t accept the fact that this bookmaker is all about horse and greyhound racing. That’s why some Racebets reviews complain about the fact that other sports are not covered. However, the vast majority of players is happy with the selection of races and would only wish more markets. The cashback deals are celebrated in all these articles and the introductory bonuses are regarded as above average.
There were some complaints from players who claim that it was extremely difficult to verify their identity. As a result, they had a hard time cashing out profits and some claim that the withdrawal process takes too long. There were even customers upset with the manner in which customer support treated them when running into this type of glitches.
My experience and rating of RaceBets
I’m not the biggest horse racing fan, but if I were, Racebets would probably be my first choice. They are good for those who are willing to limit themselves to horse and greyhound racing, in terms of both odds and markets. I like the cashback deals and the happy hour promotion, but they could put more money on the table. Their bonuses feel more like consolation prizes for those who happen to lose. Winners receive very little for free which is always a hard pitch for prospective customers. With these arguments in mind, I feel that they are a one-trick pony, pun intended. I’ll rate them 7 out of 10.