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Online Horse Racing Betting in Canada

by Rae Dover | 21/10/2020

As one of the oldest and indeed, one of the most popular sports to bet on in the world, we are truly excited to extend our sports betting guides to include horse racing, the 'sport of Kings'. The reasons that this sport is so popular are extensive, as punters love the sport for its regularity, excitement, drama, but of course, for the online horse racing betting markets that go along with it. There are horse races held on continents from all around the world, and naturally, top online bookmakers cover a huge number of these races on an annual basis.

Whether you are a regular at horse racing betting in Canada or have never placed a wager on the gee-gees in your life, this post has certain strategies that you can apply right away. Our objective here is to share with you some very simple tips that can improve your wagering performances with regard to horse racing betting. By sticking to our advice here, you won’t go too far wrong when it comes to exploring these betting types.

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Vary your bets as much as you can

In horse racing betting, you never want to try and shoot for the winner all of the time. In fact, it's quite the opposite. You want to try and bet on a varying number of markets, and this is all in accordance with what market you feel provides the most value. All of the best online sportsbooks in Canada will cover various markets for horse racing, and here are the ones that you should keep in mind:

  • To place

In this bet, you are betting that the horse will finish inside the top three, which is a somewhat safer strategy than trying to pick the winner.

  • Each way

In an each-way wager, you are betting that the horse will win on the one hand, and backing the horse to place on the other. Your bet is actually split down the middle between the two. 

  • Matched bet

This is where you make use of a free bet issued from an online bookmaker, and then place a corresponding 'lay bet' on an exchange, with what's leftover being your profit. 

  • Accumulator 

In an accumulator bet, you are combining one selection with several others. This is riskier, as they all need to win for you to get a return, but the payoffs can be huge. 

Pay Close Attention to the Form Book

Horse betting is one of those sports where form can play a really crucial factor in the outcome of any upcoming races. With this in mind, it is absolutely worth your time to look at how horses have performed in recent events, and as well as this, you should look at the form/reputation of the jockey that will be riding that day. This will all help you when building a picture in your mind about what a particular horse's real chances of winning are, and believe us, this can help you to pick out valuable markets regularly. 

With this said, you won’t always back the favorite, as the odds are typically much lower than some horses that might be there or thereabouts for a race. This means that you will need to wager with a higher stake to get a respectable return if you are to back the favorite. So, it is therefore beneficial to pick out horses that might not be listed as the favorite but are looking likely to finish inside the top five, with an outside shot of victory. 

Use Bonuses Where Possible

Here’s the good news about horse racing betting - you will generally find a huge range of bonuses and other promotions at online horse racing bookmakers. These are often created by online bookmakers for larger races, but it’s not at all uncommon to find bonuses for smaller races too. Such bonuses include the likes of deposit matches, free bets, insurance for wagers, extra place markets, and even profit boosts for certain online sports bets

By trying to use as many bonuses as you can for horse racing betting, you are effectively reducing your risk as you aren’t betting with your own cash. For example, if you get a free $10 bet at an online site, you are basically risking nothing at all by using this bonus to back a horse racing bet. After all, it isn’t money that you’ve personally had to deposit! 

Bet on larger events for better markets

Horse racing takes place all over the world, and like most other sports, there are events that are significantly larger than others. These are the kinds of events you want to bet betting on in order to grab decent bonuses and a great range of betting markets:

  • Kentucky Derby

This is one of the largest races in North America, and it is the first leg of the American Triple Crown. It's a Grade 1 event, and the winner gets almost $2 million in prize money. 

  • The Grand National

This race is more than 4 miles long, has 30 jumps for horses and their jockeys to navigate, and it is held at the prestigious Aintree Racecourse. Out of all of the races held in the UK, this is the one they all want to win.

  • Melbourne Cup

The Melbourne Cup takes place in Australia once a year, and it is the wealthiest race of them all in terms of prize money. The event draws thousands of spectators in regular times too, which is why the race is sometimes referred to as 'the race that stops a nation'. 

  • The Queen's Plate

The 'Plate' takes place each summer in Canada, and is the oldest horse race in North America. This event draws thousands of spectators each year to Woodbine Racetrack in Toronto for the 1 1/4 mile race for three-year-old Thoroughbred horses foaled in Canada awarding a winner's purse of $1 Million. 

And, at the line...

Horse racing is truly a fantastic sport to bet on, and despite the havoc that the coronavirus has caused in recent months, you can still catch the action online. Through online sports betting accounts, you can live stream events from all over the world, and if you can't attend the event itself, this really is the next best thing! 

 

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