Horse racing crypto betting guide

Contents

    There is no better feeling in gambling than watching the horse you backed win a ding-dong battle down the home straight. Money won is twice a sweet as money earned, crypto won is as sweet as it gets!

    Which crypto sportsbooks offer racing

    Crypto gambling is a young person’s game, while horse racing appeals more to older bettors. For that reason most of the top crypto sportsbooks don’t offer racing betting, but there are a few who do, and they do it very well.

    All of these crypto racebooks also offer greyhound betting.

    Sportsbet

    Sportsbet (review, bettors in the must use a VPN) are one of the best crypto sportsbooks overall and they have by far the best racing product.

    The card for each race shows detailed information, form and stats for all runners (pictured above).

    You can get fixed price, starting price or tote odds (definitions below) depending on what country the race meet is in. The fixed price odds are usually a lot better than the tote odds (as seen in the video below).

    The racebook has live streams of Australian and New Zealand gallops, trots, jumps and greyhounds. The stream is brilliant, it has wonderful race calling and analysis and it provides a flowing conection between one race and the next. The stream makes betting so much fun.

    Unfortunately the stream has a tendency to freeze for no reason. My other gripe is that the stream wont display full screen, only in a medium size box.

    Winning payouts are very quick, only taking about 2 minutes.

    Unfortunately Sportsbet block bettors from Australia, the UK and the USA, people from those countries should consider the other options below. For everyone else Sportsbet is the best place to bet crypto on horse racing.

    MBet

    MBet (review) is an okay crypto sportsbook with an almost identical racing product to Sportsbet. They both use the same data, odds and stream provider.

    Sportsbet do a slightly better job of integrating the racebook into their site and they do a much better job of most other things like deposits and withdrawals, site design, bonuses and all that.

    Still the horse racing betting on MBet is fantastic, the same as described above for Sportsbet. So if you want a backup option, or if you live in the UK or USA then go with MBet. Like Sportsbet, MBet block Australian users, so Aussies should use the next option.

    1xBit

    1xBit (review, bettors in the must use a VPN) have a comprehensive global horse racing product. They offer good fixed price odds and/or starting price odds, depending on what country the race meet is in.

    The cramped and cluttered site takes a lot of getting used to, it’s badly designed and it’s hard to use. Races close for betting too early, around 5 minutes before the jump, whereas with Sportsbet and MBet you can bet right up to the jump.

    Having said that it does all work. You can find the race you’re looking for, you can get your bets on and you will get paid out; so they have the basics covered.

    We hear a lot of complaints about 1xBit, even scam accusations. We have tested them thoroughly multiple times and we don’t think they are scammers, they are just not a good sportsbook. They are included here because there are so few crypto horse racing options.

    For serious racing punters we recommend an account with one of Sportsbet or Mbet (remember they both use the same racebook provider) and also a 1xBit account as a backup or to bet with if you see they have much better odds on the bet you want to make (exactly what happened in the video below).

    Video comparison

    Fixed odds, starting price and tote odds

    Fixed odds

    Fixed odds means the racebook displays the odds for a bet and if you take that bet at that time, you get those odds. The odds will change over time but your bet is fixed at whatever the odds were when you made your bet.

    This is almost always how sports betting works.

    Starting price

    Starting price (SP) is the fixed odds at the time the race starts. If you take a SP bet bet you don’t know what odds you will get until betting is suspended at the start of the race.

    Tote odds

    Tote odds means the totalizer collects all the bets into a pool, then pays out the winners from that pool, after taking a cut for itself. If you take a tote bet you don’t know what odds you will get until betting has closed. The final odds are determined by the size of the pool and how much was bet on each selection; which is not known until betting has closed.

    Tote is also known as parimutuel or mutual betting.

    Horse racing bet types

    Win

    Betting on which horse will win the race.

    Place

    In US racing a place bet is betting on a horse to finish 1st or 2nd. In Australian and New Zealand racing it’s betting on a horse to finish 1st, 2nd, or 3rd (unless there are less than 8 runners, in which case it’s just 1st or 2nd).

    Show

    In US racing “to show” is betting on a horse to finish 1st, 2nd or 3rd.

    Each way

    Betting the same amount on a horse to win and to place. So “1m฿ each way” is 2 bets;

    • 1m฿ win bet
    • 1m฿ place bet

    Across the board

    In US racing this is betting the same amount on a horse to win, place and show. So “1m฿ across the board” is 3 bets;

    • 1m฿ win bet
    • 1m฿ place bet
    • 1m฿ show bet

    Exacta

    Betting on which horses will come 1st and 2nd in order.

    Quinella

    Betting on which horses will come 1st and 2nd regardless of the order.

    Trifecta

    Betting on which horses will come 1st, 2nd and 3rd in order.

    Quaddie (Aus & NZ)/Super trifecta (US)

    Betting on which horses will come 1st, 2nd, 3rd and 4th in order.

    Daily Double

    Picking the winner of 2 races. Which 2 races count towards the daily double is announced by the track each day.

    It’s the same as parlaying 2 separate bets but in the context of a tote pool you get better value. That’s because there is 1 pool for the daily double so the tote only takes its cut of the pool once. Wheres if you parlayed 2 separate bets the tote would take its cut twice.

    Pick 3,4,5,6

    Picking the winner of the given number of races. Which races count is announced by the track each day.

    It’s the same as parlaying the given number separate bets but in the context of a tote pool you get better value. That’s because there is 1 pool for the whole pick bet, so the tote only takes its cut of the pool once. Wheres if you parlayed the given number of separate bets tote would take its cut the given number of times.

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