Free Horse Racing Bets Explained

If you have ever watched horse racing in action then you might have been amazed at how competitive it is. This doesn’t really come across on TV, but when you get trackside you can see the intensity of the race unfold. This is only natural, seeing how so much is at stake. There is the prize money, possible stud fees for successful horses, selling shares in racehorses and so on and so on.

This competitive edge continues with the betting firms. In fact, we would say that the rivalry and intensity is even fiercer. These people strive for your business like no other because they know that, if they don't attract your business before the other market leaders, there is a chance that they will lose it forever.

A Strong Incentive

One such way that these betting sites try to get your custom is by the use of free bets when you join up. There are a multitude of free bets on offer that could really kick start your betting career. We know of numerous professional gamblers who started out by getting free bets and sign up bonuses. Trust us when we say that these free bets are a serious leg up for any horse race bettor because, in effect, they translate to free money. We have numerous major betting sites offering free bets just for you.

The Free Bets You Can Expect

As an effective enticement to new bettors, betting sites are keen to offer a competitive bonuses and promotions that give them an edge on the competition. It's quite common to get rewards of £10, £20 and £30 or more – just for signing up with a site. You will see deposits up to those amounts matched by the site in free betting credits. Other promotions include refunds on your first losing stake, triple odds on an initial bet, and even refunds if your horse is beaten into second by less than a head. They are plenty of ways to sustain your wagering bankroll online.

Most popular horse racing sites in 2019

1

2 days

Average Payout Time

£30

Free Bet

T&Cs Apply

New UK & Ireland customers only. £10. First deposit matched up to £30. 1x wagering at odds of 1.75+ to unlock Free Bet. Credit Card, Debit Card & PayPal deposits only. Full Terms apply.

Full T&C's apply

98 / 100

2

2 days

Average Payout Time

£30

Free Bet

T&Cs Apply

New online customers only, min £10 stake, win only, min odds 1/2, free bets paid as 3x £10, 30 day expiry, free bet/payment method/player/country restrictions apply. Full Terms apply.

Full T&C's apply

97 / 100

3

1 day

Average Payout Time

£20

Free Bet

T&Cs Apply

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.

Full T&C's apply

96 / 100

4

1 day

Average Payout Time

£20

Free Bet

T&Cs Apply

Risk Free 20: 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. T&Cs apply. paddy's Rewards Club: get a £10 free bet when you place 5x bets of £10+. T&Cs apply.

Full T&C's apply

94 / 100

5

3 days

Average Payout Time

£30

Free Bet

T&Cs Apply

New customers only – Minimum deposit of £10 using deposit code 30F - 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 balance is available for withdrawal at any time. General deposit method & withdrawal restrictions apply & full T&C’s apply

Full T&C's apply

91 / 100

Never Fear the Bookmaker Edge

Most sophisticated punters know and understand that the betting firms have an edge. This comes from the odds that they quote, and are based on huge amounts of data that they have on all sporting events such as horse racing. Under certain conditions their algorithms are very accurate, and so are the odds that they produce.

However, they aren't accurate all the time, and this is where shrewd betting comes in. You have to remember that betting firms are pricing horses up based on two factors. The first is the likelihood of the horse winning the race. The second is where they think the bulk of the money will go. For example, a horse could start at even money but actually be a 6/4 chance, which is bad value at Even Money.

A Battle of Wits with the Bookies

The fact remains that many punters will automatically take the Even chances, and so the betting firms get value with these odds. Never think of this as bad practice, because doing battle with the betting firms is a battle of wits. This is why horse betting is ultimately profitable. If bettors pile so much money onto a favourite and that price plummets to Even Money from, say, 15/8, the market will be forced to compensate somewhere.

This means that the second or third favourites will drift in price as the betting firms look to balance their books. So the 3/1 second favourite may drift and be 7/2 or even touching 4/1 if no show of support comes in for the horse. This is why professional gamblers swear by good prices and not by winners, as winners tend to take care of themselves eventually. If you can think differently to the masses then you have an excellent chance of making horse racing pay.

Blacklisted Horse Racing Sites

Fast payout racing betting is offered at loads of brilliant sites, however, there are also some you should avoid. Any we discover are placed on our blacklist, and three examples of blacklisted sites are detailed below:

Blacklisted Bookmaker - Carbon Gaming
  • Very slow payouts

  • Extremely weak customer support

  • Poorly designed site

Blacklisted Bookmaker - BetRally
  • Withdrawals often refused

  • Not regulated properly

  • Questionable practices

Blacklisted Bookmaker - Daily Dime
  • Huge number of customer complaints

  • Often close accounts without explanation

  • Small selection of horse racing markets