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List of the Best Horse Racing Betting Sites We Recommend for October 2024
Last Updated: 22/10/2024 
Horse Racing Betting Sites Reviewed
In this section, we carefully reviewed recommended betting sites for horse racing. Read along, and find the operator that meets your needs.
1. Bets.io – Best Overall Horse Race Betting Site
Bets.io made it to the top of our list due to its wide selection of cryptocurrencies such as BTC, BCH, ETH, LTC, XRP, TRX, ADA, BNB, USDC, USDT, and more. The operator offers great bonuses and promotions for both the sportsbook and the casino.
Bets.io holds a license from Curacao, utilizes 2FA sign-up and SSL certification for additional security, and offers 24/7 Live Chat Support. There are generous monthly withdrawal limits at this crypto-only sportsbook and casino, as well as the option for new players to start with small bets.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| 50% OnlyWin FreeBet up to 100 USDT | 1x | 20 USDT | BTC, ETH, LTC, XRP, TRX, ADA, USDT, and more |
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Pros
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Easy and fast registration - Many cryptocurrencies accepted
- Competitive odds
- Good welcome bonuses
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Cons
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Limited responsible gambling tools
2. Nitrobetting – Best for Multiple Horse Race Betting Options
Nitrobetting is near the top of our list of crypto horse racing sites with a platform with a dedicated horse racing section that only uses BTC as a payment method and has a license from Costa Rica, making it stand out from all other off-shore casinos. Still, Nitrobetting offers a regular bonus of 100% up to 25mBTC and also offers a specific horse race bonus with a 10% rebate plus free spins and a casino bonus.
With on-chain near-instant withdrawals through the blockchain network, the casino doesn’t hold a gambling license, so the 2022 Costa Rican casino enables players to gamble without requiring them to verify their identity. However, contacting customer support can be difficult since players can only submit a ticket or reach out to the operators via email.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| 100% up to 25mBTC & up to 10% Rebates Daily on Horse Racing Bets | 17x | N/A | BTC |
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Pros
- Sport promotions
- Anonymous gambling
- Large selection of horse race betting
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Cons
- No welcome bonus
- Weak customer support
3. Cloudbet – Best for Having a Large Horse Race Betting Bonus
Cloudbet ranks third in our list of sportsbooks with unrestricted access to horse race betting as the casino offers real-life races, provides players with an appealing welcome bonus, and has high-security measures even though it’s highly regulated. As it stands, Cloudbet offers new players a welcome bonus of 5 BTC, which stands out from most crypto sportsbooks.
Even so, the platform doesn’t allow anonymous gambling since players need to complete a KYC verification when signing up. With the platform being established in 2013, players can access quick crypto and fiat payments and get support via the 24/7 live chat, FAQ section, and email submission that’s made available by the casino.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| 100% up to 5 BTC | No wagering | 0.001 BTC | BTC, ETH, LTC, XRP, DASH, XML, BCH, TRX, BNB, USDC, XMR, DOGE |
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Pros
- Good sportsbook
- High deposit bonus
- Lots of crypto deposit options
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Cons
- KYC required
- Withdrawal limits
4. Sportsbet.io – Best for Horse Race Betting on a Reputable Sportsbook
Sportsbet.io platform offers real-life horse races, is known within the betting industry for its diverse sportsbook, and is compatible with all mobile devices. Unfortunately, the platform doesn’t offer players the opportunity to claim a welcome bonus, but it has weekly prizes as part of its sportsbook, with the chance to also access a VIP program.
Players can start depositing starting from 0.00025 BTC, using also ETH, XRP, and ADA among others. Withdrawals are starting from $25, and players need ID verification for withdrawals exceeding $2,000.
The operator has a Curacao gambling license and is known as a leading casino and sportsbook that also sponsors football teams like Arsenal or Southampton. Each player can contact the casino through a 24/7 live chat or email or get their questions answered through the FAQ section.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| No bonus | No bonus | $15 | BTC, DOGE, TRON, USDT, ETH, LTC, XRP, ADA, BNB |
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Pros
- Licensed sportsbook
- Accepts crypto as payment
- Reputable casino
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Cons
- KYC Required
- Focus on sports betting
5. Powbet – Best for Horse Race Betting Bonuses
Powbet is a small sportsbook that offers players access to all major horse racing events, with multiple variations and has a great selection of sporting events across the globe. New sports players get a first deposit bonus of 100% of up to $100 – which must be wagered at least five times. It also offers additional bonuses such as sports jackpots, accumulator boosts, and 10% cashback.
Established in 2020 and boosting a Curacao gambling license, it accepts cryptocurrencies such as BTC, LTC, XRP, or ETH and has a minimum deposit of $20 and a fast withdrawal time for crypto, which is instantly processed. In terms of support, players are offered a FAQ section, and it also provides users with live chat and email support.
| Crypto Bonus | Wagering Requirement | Minimum Deposit | Available Currencies |
| 100% up to $100 | 5-6x | $20 | BTC, LTC, XRP, ETH |
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Pros
- Welcome bonus and cashback
- Various horse race bets
- Low wagering requirement
- VIP program
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Cons
- Few payment options
- No provably fair gambling
The History of Horse Racing
The modern version of betting on horse races, as we know it today, began in England during the 17th century. The nobility initially enjoyed it as an aristocratic social event. However, as the sport grew in popularity, it became accessible to a broader audience. Today, there are horse betting racing events in almost every country around the world.
Betting on horses has been around for centuries, as people have always enjoyed the thrill of gambling on the outcome of the races.
▪️ The earliest forms of horse race betting involved spectators simply making wagers amongst each other. However, racing on horses has evolved and has become a more structured industry.
In the 19th century, professional bookmakers began offering betting odds on racing horses. These bookmakers would set the odds and take bets from spectators, collecting a percentage of the winnings as their fee; this allowed for a more formalized betting system, which continues even today.
As a result, people worldwide enjoy the race’s thrill and the excitement of betting on their favorite horses, from casual fans to professional gamblers.
Vlad Hategan
Introduction to Horse Racing Crypto Betting
Did you know the global horse racing betting industry is valued at over $100 billion? Did you also know that cryptocurrency is quickly becoming the preferred payment method for horse racing enthusiasts around the world?
Crypto Horse Racing betting is the way players can bet on horse racing using cryptocurrencies such as Bitcoin or Ethereum without using any centralized payment processor. Unlike traditional betting methods, which rely on banks and other financial institutions to process transactions, crypto betting allows for secure and decentralized wagering that’s encrypted.
But what exactly is a cryptocurrency, and how does it differ from traditional forms of payment? Cryptocurrency is a digital asset that utilizes blockchain technology to secure and verify transactions. Thus, transactions are approved in a peer-to-peer process, which operates independently.
That being said, individual validators validate transactions and place them on the blockchain through code blocks containing the transaction hash. This makes cryptocurrency transactions incredibly secure, transparent, and fast.
Factors to Consider when Selecting a BTC Sportsbook
When it comes to selecting a BTC sportsbook, there are several factors that you need to consider before making a final decision. To help you make an informed choice, here are some things you should consider:
The Benefits and Drawbacks of Horse Racing Crypto Betting Sites
Here are some of the benefits of betting on horses using cryptocurrencies:
The Benefits |
1. Fiat’s Value is DiminishingWith the devaluation of fiat currencies, investing in cryptocurrencies has never been more important. For example, using crypto for betting on horse races ensures you’re not using or locking any depreciating asset, giving you chances to increase your winnings. |
2. Higher PrivacyHorse crypto betting racing sites offer higher privacy as they do not require you to provide personal information like traditional betting sites. In addition, you can keep your wallet address private and avoid showing your identity when depositing or holding crypto. |
3. Fewer Geographical RestrictionCrypto betting sites do not have the same geographical restrictions as traditional betting sites. As a result, you can access both licensed and unlicensed casinos using just your crypto wallet from anywhere in the world. |
4. Rapid Payouts and Higher LimitsCrypto deposits and withdrawals have no restrictions, especially when you want to make larger deposits or if you want to get your money out of the casino immediately. |
5. Financial IndependenceWith crypto, you don’t rely on banks or other financial institutions to handle your winnings. In addition, since crypto is independent of any financial institution, you can store and manage your assets, giving you more financial freedom. |
6. Low FeesThere are no fees for crypto payments. All players have to pay is the network fee, but unlike credit cards, it’s not percentage-based but rather based on a fixed value. This means that you get to keep more of your winnings. |
7. Better BonusesCrypto betting sites often offer better or much higher bonuses than traditional sportsbooks. By betting using BTC, you could get a boost of up to 5 BTC without much pressure of concluding a wagering requirement. |
Crypto betting sites for racing on horses offer many benefits, but some drawbacks should also be considered.
Here are some of the disadvantages of using crypto:
The Drawbacks |
1. Lack of RegulationThe lack of regulation on the use of cryptocurrencies and crypto sports betting sites puts players at an imminent risk since there is no guarantee they’ll provide the services they intend to. In addition, most casinos have an off-shore license, meaning it’s difficult to know if your money is safe. |
2. No ChargebacksBlockchain transactions are always final, so betting on horses with crypto means you cannot request refunds if you’ve deposited the wrong amount or sent the money to the incorrect cryptocurrency address. Unfortunately, there is only one way to reverse the transaction if you make a mistake or dispute with the merchant. |
3. VolatilityCryptocurrency prices can be volatile, which means that the value of your bets and winnings may fluctuate rapidly. While this can work in your favor and lead to higher winnings, it can also lead to significant losses if the value of the cryptocurrency drops, and you’re likely to lose a large sum of your bets. |
How to Bet on Horses with Crypto?
Betting on horse racing with cryptocurrency is relatively easy. Here’s how to do it:
List of Popular Cryptocurrencies Used For Horse Racing
| Bitcoin is the world’s leading cryptocurrency and one of the most popular options for betting on horse racing. It was developed as a P2P token and is one of the most widely accepted tokens for cryptocurrency gambling. |
| Ethereum is an open-source smart contract platform that uses the ETH token to provide utility within the ecosystem. As the second crypto by market capitalization, ETH is widely accepted since it’s faster than Bitcoin and has lower gas fees. |
| Litecoin has become increasingly popular among bettors due to its quick transaction times and low fees. It can be used to place bets on major sportsbooks and horse racing websites. |
| Tether or USDT is the equivalent of the blockchain dollar. Players use it to store their winnings or cryptocurrencies since 1 USDT is pegged to 1 USD. |
Bitcoin
Ethereum
Litecoin
TetherTips for Maximizing Your Profits with Horse Racing Crypto Betting
Placing bets on horse racing using cryptocurrency can be a great way to maximize your profits, and here’s how to maximize your profits:
1. Understand the Betting Odds
Before placing a wager on a horse race, it is important to understand the betting odds. These odds are determined based on the probability of a horse winning a race, and they can fluctuate leading up to the event.
2. Research the Horses and Jockeys
As with any form of betting, knowledge is key. Take the time to research the horses and jockeys competing in a race. Look at past performances, track conditions, and any injuries or other factors that may impact performance on race day. This information can be crucial in making smart bets and maximizing your profits.
3. Set a Betting Budget and Stick to it
One of the biggest mistakes that bettors make is betting beyond their means. Therefore, it is important to set a betting budget before placing any wagers and to stick to it, no matter how tempting a particular bet may seem. This will help you avoid unnecessary losses and ensure you can continue participating in horse racing crypto betting over the long term.
4. Watch Live Races
Another great way to maximize profits when it comes to horse racing crypto betting is to watch live races. This will allow you to see how the horses perform in real time and make more informed bets based on their actual race day performance. Many betting platforms offer live streaming of races, making it easy to stay up to date on the latest developments.
5. Consider Different Types of Bets
There are many types of bets that you can place on horse races, from simple win/place/show bets to more complex ones like exactas. Each bet type gives you better odds, and you can select them depending on how well you know the jockey or the horse.
Common Mistakes to Avoid with Crypto Horse Racing Betting
Cryptocurrency betting on horse racing can be risky, so it is important to avoid these mistakes if you want to be profitable:
1. Not Doing Your Research
It is essential to do thorough research before placing a bet. Knowledge of the horses and riders participating in the race and the location they’ll be running in could make all the difference between winning and losing money, especially since one horse could have an upper edge in some situations.
2. Over-Betting
Many bettors get caught up in the excitement of betting. As a result, you can quickly become overconfident, leading to betting aggressively and disregarding any strategy you might have had. This is a mistake because you’ll be gambling rather than betting with a goal in mind.
3. Not Hedging Your Bets
Placing multiple bets across different horses or markets within a race using crypto can help manage risk and create potential scenarios where you win regardless of which horse wins the race. Conversely, failing to hedge your bets can be costly if things don’t go according to plan.
4. Not Taking Advantage of Bonuses
Sportsbooks often offer specific horse race bonuses and not only. You should always check the newest offers and make sure you make deposits to take full advantage of the casino’s willingness to boost your bankroll, which could lead to higher profits over time.
5. Ignoring In-Play Betting
Some sportsbooks allow you to place “in-play” bets during a race, allowing you to take advantage of any sudden changes that could lead to more profitable outcomes than originally anticipated upon placing the bet before the start of the race. Make sure to pay attention to this feature!
Vlad Hategan
Strategies for Horse Racing Crypto Betting
The Dutch Betting Strategy | The Dutch betting strategy is one of the most popular strategies for betting on horse races with cryptocurrency. This strategy involves placing multiple bets on different horses, using some winnings from a successful bet to increase your stake on future bets. By doing this, you’ll be able to maximize your profits while also minimizing your risks. |
The 80/20 System | The 80/20 system is another popular strategy for horse racing crypto betting. This system involves placing 80 percent of your total bankroll on one selection and then 20 percent split across two selections. This allows you to maximize your profits while protecting against losses in case only one choice comes through successfully. |
The Place Laying System | The place-laying system is a great way to profit from betting on horse races. It involves betting the horse will place in a specific place or a range of places rather than picking the winning horse, which can produce more consistent results than simply trying to pick the winner of a race. |
The Yankee Strategy | The Yankee strategy is an effective approach for maximizing profits from horse racing crypto betting by using multiple bets across four different horses grouped in doubles, trebles, and accumulators (four-folds). With this approach, you’ll have more than one opportunity for winning bets even if only one or two selections come through successfully. |
The Exacta Strategy | The Exacta strategy involves selecting two horses that must finish first and second, respectively, to be successful with the bet. This type of bet offers higher odds than other types, such as win-only or each-way wagers, due to its higher difficulty level and risk involved in predicting the outcome correctly. |
Understanding the Odds of Horse Racing Crypto Betting
1. Fixed Odds
Fixed odds betting involves selecting a horse to win and placing a wager at the predetermined fixed odds available when you place your bet. These fixed odds provide you with an indication of the probability of a certain horse winning the race. They can assist in helping you make an informed decision – especially as a novice gambler.
2. Starting Price
Starting price (SP) betting involves choosing a selection at the starting price – i.e., the price that was available when the race started – which may differ from the fixed odds available before or during the race. SP bets will usually yield higher returns than fixed-odds bets due to their inherent risk.
3. Tote Odds
Tote odds are determined by pooling together all wagers placed on a particular race, with any money left over after deductions divided among winning tickets based on predetermined percentage allocations. As a result, tote odds may be more volatile than fixed or starting prices, but they offer higher returns due to their increased level of risk.
1. Check the Form
When betting on horse races with cryptocurrency, one of the key tips to remember is always to check the form. This means researching the individual horses’ condition. By doing this, you’ll be able to make more informed decisions when placing your bets since you can identify higher odds for a least favorite horse.
2. Consider the Conditions
Another important tip for betting on horse races with cryptocurrency is to consider all the conditions of the race before placing your bet. This includes track conditions, weather conditions, and other factors that could influence the race’s outcome. By being aware of these conditions, you’ll be better equipped to decide when to place your wager.
3. Listen to Tipsters
Listening to tipsters can also be beneficial when betting on horse races with cryptocurrency. Tipsters are experienced individuals who have studied past performance data and have predicted which horses are likely to perform well in upcoming races. While results will never be guaranteed, getting advice from tipsters can help guide your decision to find a successful horse.
Vlad Hategan
Biggest Events in Horse Racing
Horse racing is one of the world’s oldest and most popular sports, and some major events draw huge audiences from all over. Here’s a list of some of these big events:
1. Kentucky Derby
The Kentucky Derby is one of the world’s most famous and well-known horse racing events. Held annually in Louisville, Kentucky, the Kentucky Derby is known as the “most exciting two minutes in sports” and draws crowds of thousands of horse racing enthusiasts nationwide. First run in 1875, the race is the first leg of the American Triple Crown and is run on the first Saturday in May.
2. Royal Ascot
Royal Ascot is a five-day horse racing event held annually at Ascot Racecourse in Berkshire, England. The event began in 1711 and featured some of the most prominent horse races in the world, including the Diamond Jubilee Stakes and the Gold Cup. Members of the royal family are often in attendance.
3. The Belmont Stakes
The Belmont Stakes is often seen as the pinnacle of American horse racing. Run since 1867; it’s one of horse racing’s oldest continuously run competitions and is held annually at Belmont Park in New York. This unique contest has seen many legendary champions go head-to-head over 1 ½ miles for bragging rights over past generations while providing excitement for spectators across continents.
4. Dubai World Cup
The Dubai World Cup is an annual horse racing event held at Meydan Racecourse in Dubai, United Arab Emirates. With a prize purse of $12 million, the race is one of the richest in the world and attracts some of the top horses, jockeys, and trainers from around the globe.
5. Melbourne Cup
The Melbourne Cup is one of Australia’s most important horse racing events and is “the race that stops a nation.” Held annually at Flemington Racecourse in Melbourne, the race is run on the first Tuesday in November featuring some of the country’s top horses and jockeys with a prize pool of $8 million.
6. Prix de l’Arc de Triomphe
The Prix de l’Arc de Triomphe is a prestigious horse racing event held annually at the Hippodrome de Longchamp in Paris, France. First run in 1920, the race is considered one of the most important horse racing events in Europe and attracts top horses, jockeys, and trainers worldwide with a prize pool of 5 million EUR.
Conclusion
Crypto horse racing is a rapidly growing trend, and there are many advantages to participating in the sport. Not only can you maintain your privacy when gambling, but you can also access better odds and opt for multiple ways of depositing depending if you have BTC, ETH, or other altcoins.
If you’re looking for a sportsbook and are just starting, you can use the article’s casino review sections to select the best one or access Bitedge to access great betting resources.
Ultimately, the focus should be on making sure you opt for the best races, know how to deposit crypto and make smart decisions with your wager.
Even more important is how you can manage your bankroll to make the most of your money. So why not jump on board this trend and enjoy cryptocurrency-style horse racing?
References:
Frequently Asked Questions
What is the House Edge in Horse Racing Crypto Betting?
The house edge for horse racing crypto betting is the same as any other type of gambling – it is the mathematical advantage of the house or bookmaker over the player. The house edge for horse racing crypto betting usually ranges from 4-10%, depending on which game is being played and how well-informed the bettor is.
What is the Best Horse Racing Crypto Betting Strategy?
There needs to be a concrete strategy that guarantees success. However, specific tips and tricks can improve one’s chances of winning, including researching each horse’s form before placing a bet, considering all applicable conditions, and staying up-to-date on horse racing crypto betting news.
What Are the Most Popular Horse Racing Crypto Betting Games?
The most popular horse racing crypto betting games are straight bets, combination bets, accumulators, and futures. Each has its own set of rules and regulations.
What Are The Odds Of Winning In Horse Racing Crypto Betting?
The odds of winning in horse racing crypto betting depend on several factors, including the type of race, the number of horses competing, and their respective form going into the race.
How Do I Withdraw My Winnings From Horse Racing Crypto Betting?
You can withdraw your winning to your crypto wallet by clicking the withdraw button, pasting the wallet address, and finalizing the process. Be sure to select the right wallet for your withdrawal.
Other Sports Cryptobetting Sites
Will Wood - 02/10/2024 
Vlad Hategan - 02/10/2024 
Maryam Jinadu - 30/08/2024 
v.hatze@yahoo.com 
He started writing content online for various reasons, including accessing a community of music lovers. He began writing 2011 music reviews and PR releases for electronic music releases before shifting my focus to more crypto-oriented content after getting heavily involved with blockchain technology in 2013.
Facts Checked by Josip Putarek