With over a decade of experience to their name, RaceBets offer a unique betting platform to customers in India. Our review will take a detailed look at their operation, perfect for those looking for a new bookmaker who specialise in horse racing. Let’s start by taking a look at the history of RaceBets.
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Founded back in 2005, RaceBets now offer horse racing betting markets in over 40 different countries, including over 250,000 different races per year. Owned by International Gaming Limited, RaceBets became one of the biggest bookmaker in Germany by 2007, with German Racing became shareholders shortly after, leading to them reinvesting heavily in horse racing as a result. The RaceBets headquarters is now in Malta, one of the hubs of gambling in Europe. RaceBets is regulated by the Malta Gaming Authority, as well as the UK Gambling Commission, with their betting platform having gained an excellent reputation thanks to their range of markets and ongoing promotions. Our review will look at everything from markets and odds to promotions and banking at RaceBets, perfect for punters in India looking for a new platform for horse racing betting.
The Benefits of RaceBets
There are a number of benefits to signing-up for an account at RaceBets, with their generous welcome bonus and depth of markets helping to attract customers on a regular basis. While the bookmaker is not the complete package just yet, with a small amount of improvements to be made, RaceBets is still an excellent site for horse racing fans in India. The following are the standout pros and cons in which our experts found whilst carrying out this review.
RaceBets Betting Markets
Horse races from around the world can be found at RaceBets, however a large proportion of the meetings in which they cover come from the UK and Ireland, which is perhaps the hub of the sport. Elsewhere, races from South Africa, France, Australia and the US are also on offer, along with a number of meetings in India, including courses such as Bangalore, Kolkata and Mahalaxmi.
As well as this, several types of bet are on offer, including ante-post and each-way. Coverage surrounding events such as the Cheltenham Festival, Grand National and Kentucky Derby is particular at RaceBets, while they also offer a number of greyhound betting markets. RaceBets is clearly not the platform for those looking to place bets on a range of sports, however they are the leading specialist when it comes to horse racing. In total, the following bets are able to be placed at RaceBets:
- Ante-post – This is the price offered on the day of the race. This is offered prior to the event and on the event. The bet has a chance to be voided if you leave the odds on the website during the Ante-post Entry.
- Early prices – Early prices are mostly offered in Ireland, Germany, South Africa, and in the UK. They are usually used when odds are present.
- Head-to-head offerings – Head-to-head offerings can be offered on particular races when there is an available match-up. Fixed odds will be offered once either of the horses reaches the finish line ahead of another one.
- Special bets – Special bets are bets that are posted with fixed odds. The rules of each special bets may vary depending on how clear the outcome will be.
RaceBets Bonuses & Sign-Up Offer
RaceBets are well known within the industry for their range of promotions, which cater for both new and existing customers. Those registering a new account at RaceBets are able to earn a 100% matched deposit bonus, up to a maximum of the equivalent of £50 (around 4,000 INR). The fact that the bookmaker doesn’t accept Rupee as a form of currency does not mean that those in India are unable to take advantage of their welcome bonus, with bonus funds having to be wagered x5 before any withdrawals can be made. The promo code “WELCOME” must also be used at the time of depositing, while deposits made via either Skrill or Neteller will not qualify.
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Meanwhile, the following promotions were available to existing customers at RaceBets at the time of writing our review:
RaceBets are Best Odds Guaranteed on all UK, Irish, UAE & South African horse racing meaning, if the SP is higher odds than the fixed price you took, you’ll get paid at the bigger price!
Money Back Second – Get money back as bonus cash if your selection comes 2nd to the SP fav on all races at one French meeting per day.
First Fence Fallers – There’s nothing worse than a first fence blunder! Place your bets with RaceBets and If your horse falls at the first fence, they will refund your stake with a bonus.
Indian Deposit Bonus -Customers in India making a deposit will automatically receive a 5% deposit bonus to their account.
First Past the Post – Ever seen your horse cross the line first, only to see it get demoted because of a stewards enquiry? Don’t worry. If your horse is first past the post then you will be paid out as a winner – even if the horse is demoted by the stewards!
RaceBets Website & Usability
The RaceBets website is very simplistic, meaning that users are able to easily move between markets and features. A white, yellow and black colour scheme dominates throughout, while imagery is used on occasion to differentiate between pages. All markets are listed down the left-hand side of the page, while features including promotions, live streaming and statistics are constantly accessible through links at the top of the page. Punters can also easily move between current and ante-post markets thanks to a clever design feature on their markets list.
RaceBets Mobile & App
The RaceBets mobile app is also available to customers in India, providing a hugely efficient betting platform for those constantly on the go. There is now no need to miss out on placing a potentially winning bet, whilst users can also take advantage of features including promotions and live streaming when away from their desktop. The app is available free of charge to both iOS and Android users, while the RaceBets website also works well through mobile browsers.
RaceBets Live Betting
There are also live betting options at RaceBets, something that is not normally associated with horse racing. Whilst not being available on all races, the bookmaker makes up for this by the fact that live streaming is readily available on their website and app, allowing punters to keep track of the action as it unfolds from various racecourses around the world. A positive account balance is required in order to gain access to such streams, creating one of the most exciting forms of gambling around today.
RaceBets Betting Odds
The odds at RaceBets are certainly some of the best around when it comes to horse racing and greyhounds, meaning that some significant earnings are able to be made. Be sure to check out our odds comparison page for full details in this area, with RaceBets delivering some of the best betting margins around, particularly when it comes to major European meetings. In total, the most common odds found at RaceBets include the following:
- Fixed odds – These types of odds are offered for special races and on selected kind of races. You will surely receive a price even if the bets are shortened when the bet has been done.
- Starting prices – At the time when the race has begun, these types of odds are offered when a horse has prevailed on the course. This fixture applies in Ireland, United Arab Emirates (UAE), and in the UK. You may be unaware of the odds you are about to receive when you make a starting price. The odds may not be revealed until the fixture is successfully underway.
- Tote odds – These are wagers that are transferred by RaceBets to the Totalisator pool. This is also known as the Parimutuel Betting. This is the type of betting when together, bets are placed into a pool
RaceBets Banking Options
A good number of banking options are available to customers in India at RaceBets, despite the fact that the bookmaker does not accept Rupees as a form of currency. All methods allow for instant deposits, while withdrawals generally take between 24 hours and 5 working days, depending on the form of banking selected by the customer. Banking methods at RaceBets include:
Visa, MasterCard, Diners Club, Bank Transfer, Sofort Banking, Skrill, Neteller, PaySafeCard
RaceBets Customer Support
Customer support is only available in English and German at RaceBets, while this is an area for improvement due to the fact that their features are only for a few hours during the day for those in India. It is their live chat feature which is the most efficient, with response times here being very pleasing, while support agents are generally knowledgeable and friendly. Emails can also be sent to email@example.com, while a free to call telephone number is also available.
The bookmaker also works with leading organisations including GamCare and GamStop in order to ensure that they promote responsible gambling at all times, while an SSL encryption works online in order to ensure that all transactions on their betting platforms are processed securely.
RaceBets Bottom Line
RaceBets is undoubtedly one of the best options for horse racing fans in India, despite Rupees not being accepted as a form of currency on their betting platforms. The ability to bet on meetings from around the world, including local races from around India means that they have already attracted a significant following, while features such as live streaming and their ongoing promotions help to keep punters satisfied at all times in general. Of course, improvements in their banking and customer support would potentially take them to the next level, however these are relatively small issues. The odds in which the bookmaker offers are also pleasing, which combined with their easy to use website and mobile app, mean that RaceBets scores highly across the board in our review.