RaceBets Free Bet

Published: 26th February 2020
Author: Gabriel Hall
Last Updated: 25th February 2021

As you may have already established, Unlike other betting sites we’ve looked at, Racebets is an online sports betting company that has been heavily orientated towards horse racing and other sports of that ilk. They are world-renowned for their product and reach out to more than 40 different countries worldwide, whilst boasting that they provide more than 250,000 individual races each year for customers to bet on.


Terms and Conditions

New UK +IRE Customers only. Minimum deposit and first bet £/€10 on fixed odds within 45 days of registration at min odds ½. Paypal & some deposit & bet types excluded. Bonus Code WMILLION. Free entry to RaceBets Million given within 24 hours. Free bet valid for 7 days, free bet stakes not returned in winnings. 18+. Begambleaware.org Further eligibility and T&C’s apply.

The company started off in 2005 and within a couple of years, they had already become one of the biggest bookies in Germany alone. By 2010 they had relocated their headquarters from Germany to Malta, which is something that is becoming more and more common these days.

Their odds are very competitive and they also have some great customer based reward schemes ranging from welcome bonuses and offers littered throughout their site.

Overview of Our Experience at Racebets

We were expecting a site aimed at horse racing and greyhound bettors and that’s exactly what we got. No bells, no whistles – not claiming to offer the world. Just simple betting for horse racing and greyhound lovers. As such is was simple quick and easy as you didn’t have to look through lots of different sport. It focused on one thing and did that well. It looked classic and simple. Signing up was easy and quick – and getting to the horse racing event we wanted was easy. This is a niche site and we found that it caters for its punters well.  There are a few areas that we did pick up on though.

We were surprised that there was no mobile app – although you can play on the mobile browser. We also noted fewer promotions than some of the bigger sites. We also found there to be limited payment options.

Key Information

🔴 Site Name RaceBets
📊 Markets

Sports, Virtual Sports

😘 Welcome Offer BET £10 & GET A £5 FREE BET
💳 Minimum Deposit £5
🔥 License View
📅 Founded 2006
📪 Address

Dragonara Business Centre, 

Dragonara Road, 

St. Julian’s STJ 3141, Malta

🔗 Website racebets.com
😍 Sister Sites Paddy Power, Ladbrokes, PWR Bet
💰 Deposit Methods

PayPal, Skrill, Neteller, Paysafe Card, Mastercard

The Racebets Welcome Offer

Compared to many other welcome offers and free bets, this is on the generous side. However, read the T&Cs carefully first.

Some other promotions worth noting are a 10% Stakes Bonus in the Champ de Mars, 5% USA Bonuses, 10% Winnings on Indian Races, First Fence Faller Freebie, Beaten By A Nose and plenty more.

What Can You Use The RaceBets Bonus On?

Unfortunately, there are some restrictions when it comes to using your RaceBets’ free bet and they are as follows. First of all, you can only use your free bet on the standard ‘To Win’ and/or ‘Each Way’ bets. This means accumulators, Yankies, Trixies and any other horse racing multiple bets can not be backed with the awarded free bet. Although this may seem like a lot of restrictions, any horse racing fanatic will be more than pleased with a free bet they can use on both ‘To Win’ and ‘Each Way’ bets.

The next restriction you will find attached to your free bet is the limitation of what races you can use it on. Racebets only allows customers to back horse races taking place in the United Kingdom and Ireland. 

RaceBets Promotions & Offers

As well as offering new customers a lucrative welcome offer, Racebets continues to be the provider for all their existing customers too. Although there is a lot of importance on betting platforms, like Racebet to provide new customers with rewarding bonuses, it is just as vital to look after existing customers too. Fortunately, this is something that Racebets does great at. 

Below we have highlighted all the promotions and offers available at Racebets:

The Road To Cheltenham – Racebets customers can climb the leaderboard by placing winnings bets up until Cheltenham Festival. 

Double Your First Deposit – Recieve a free bet that matches your stake when you deposit a minimum of £10 and use the bonus code ‘WELCOME’.

5% Stake Boost – Receive a 5% boost when you bet on selected US races. 

Indian Win Bonus – Receive a 10% winnings boost when you win on select Indian races. 

RaceBets Licensing, Security and Safety

RaceBets is licensed and regulated by the United Kingdom Gambling Commission. Our first point of interest is to look out for a UK Gambling Commission logo on the homepage or somewhere convenient. The UKGC only works with online bookmakers who share their passion for fairness, transparency and customer care, so you know you’re getting the very best service and the online betting protection you deserve.

They also protect you to the best of their abilities by offering the very best security measures in the form of secure socket layer technology and a modern firewall. When making a transaction, such as a debit card payment to your account you’ll notice most of your personal details, such as bank account numbers, have been replaced by a series of XXXXs. This is the encryption service coming into play and means your details are never seen by another person, including the RaceBets staff. The firewall also protects you from cyberattack. You can add extra weight to your online security by creating a unique username and password. All this allows you to enjoy the thrill of an online gamble on horse racing and greyhound racing anytime of the day with complete peace of mind.

Also, to show that is takes responsibility for its customers, it is linked to the Responsible Gambling sites GamCare and GamStop to make sure there is easy access for anyone who is not in full control of their gambling habits.

The Sports/Markets Available at RaceBets

As already mentioned in this review of the RaceBets betting service, they only cover horse racing and greyhound racing. You can’t bet on the likes of football, tennis or boxing on this site. That may put some off, especially those who like to mix and match their bets, but it will appeal to customers with a real passion for horse racing, those who concentrate on one sport to maximise their chances of beating the bookies. The options available to bet on are…

  • National Hunt horse racing
  • Flat horse racing
  • Trotting
  • Greyhound

The site more than makes up for the lack of available sports by offering horse racing and greyhound racing opportunities from around the world. They proudly cover more countries and tracks than the competition. It’s not just a couple more, it’s dozens more. You really won’t find horse racing coverage as good as this anywhere else on the internet. Some of the countries covered are…

  • United Kingdom
  • Ireland
  • South Africa
  • UAE
  • France
  • Italy
  • Sweden
  • Norway
  • Finland
  • Australia
  • Turkey
  • Belgium

RaceBets is all about maximising your betting opportunities on horse racing and greyhound racing. That’s why you’ll find more options on each race and more tracks covered than with any other sports betting website.

Simply click a race of your choice from any of the countries mentioned in the above list for a full and updated list of betting opportunities available to you. These include…

  • Antepost
  • Win
  • Each-way
  • Place
  • Tote
  • Accumulators

RaceBets Live Streaming/In-Play Betting

As you would expect from a site concentrating on horse racing and greyhound racing, RaceBets offer a premium live streaming service. Click the streams tab at the top of the homepage where you can watch live horse racing through an HD quality stream at no extra cost to you on top of your stake. The coverage is perfect with no lagging, buffering or loading times. The sound is crystal clear and the camera angles cutting edge.

There’s commentary, stats, tips and betting odds included. Never again will you be forced to check a results website to see how you got on. RaceBets believe if you bet on an event you should be able to cheer on your selection in real-time. This can all be done through your desktop computer or mobile app, as long as you have a reliable and strong Wi-Fi connection.

Racebets Payment Methods:

Customers do get quite a nice selection of payment methods that can be used to both credit and debit winnings from your RaceBets account.  Each available option is fast, secure and reliable, allowing you to add funds to your account and bet in an instant. There’s no waiting around of money to be cleared.

The minimum deposit varies from £1 (Skrill) to £20 (PayPal), so check your deposit method carefully.

  • Visa Debit
  • Mastercard Debit
  • Maestro
  • Diners Club
  • Bank Transfer
  • iDeal
  • Neteller
  • NetPay
  • Nordea
  • Paysafecard
  • Poli
  • Skrill
  • Ukash

Regarding withdrawing funds, the standard times apply depending on which method you choose. E-wallets are a faster option and your winnings can show up as available in your account within 24 hours, cards do take longer and depending on which bank you use, it can take between 3-5 business days before the funds are cleared and available.


It’s just as easy to get money out of your RaceBets account as it is to deposit funds to bet with. It’s quick, easy and safe. So much so you can request your winnings at the click of a button.

Minimum and maximum withdrawal amounts are in place and the transfer times vary depending on which method you use so it’s worth reading the small print before deciding on which withdrawal option to go with. Read the terms and conditions and choose the withdrawal option that best suits your needs as a sports bettor.

Please be aware of recent rule changes to effect the gambling industry which state funds should be sent back to source. What this means is if you deposit and bet with cash using your debit card, any winnings from that bet must be sent back to the same card. You can’t deposit using your card and withdraw to an e-wallet.

There is no minimum withdrawal, but if it is under £5, then there’s a £1.50 charge. There is also no maximum withdrawal

Customer Support:

If you find yourself in a position where you need to speak to a member of their support team, whether it’s a question or a query you might have, RaceBets do provide great and informative help in a few different ways. Firstly you can check if your question or issue has been addressed by their FAQ section which has a number of answers to all the main questions.

If you still need to get in touch with the team, you can phone in, email or use the live chat. Sadly this isn’t 24 hours a day and is only open between the hours of 09:00 and 21:00. You should get responses to your emails in 24 hours.

The Layout of the RaceBets Betting Website

At first a first glance you can see that RaceBets’ website has been designed carefully and whilst they make great usage of the space available. The site isn’t too cluttered and advertisements have been kept to a minimum, the ones you can see feature important information regarding upcoming races and current promotions that customers can get involved in.

RaceBets feature their logo and branding in the very top left corner of the homepage, on the right you will also see a menu that is one of the main navigating tools you will use to browse RaceBets’ website. You can switch between Racing, Streams, Offers, Statistics, Editorial and Help options without any hassle and on the same line you will also find some social media options relating to RaceBets.

Over on the left, you will see the markets currently covered by RaceBets which are all searchable by country and competition to make it incredibly easy to find what it is you want. On the right-hand side of the site, you will see the log in/signup tool and the main bulk of the website, in the centre, is made up of upcoming racest, highlights from the day, ratios and best-backed runners.

The RaceBets sign up process

  1. Click any link to RaceBets on this page
  2. Hit the join now button at the top of the home screen
  3. Fill in the registration process, providing name, date of birth and postcode
  4. Add your RaceBets promo code when prompted
  5. Download the RaceBets mobile app
  6. Make a qualifying deposit and bet
  7. When your first bet has been settled your RaceBets free bet will be added

The Racebets Mobile App

Unfortunately, there isn’t an application ready for download at this point in time, this is something that RaceBets will be looking at implementing in the future and since they haven’t been around for all that long, it is understandable. They do, however, have a fully optimised version of their desktop site that has been scaled to fit right in the palms of your hands on the smaller screen of your mobile or tablet device.

Racebets Casino

At Racebets this isn’t an option or something we need to cover as the site doesn’t offer a casino tab. It focuses entirely on horse racing and greyhound betting and that isn’t expected to change anytime soon.

This shouldn’t put you off opening an account with Racebets as you can use this site for placing your racing bets and open another account on a casino site to enjoy the slots.

Our Racebets Summary

To conclude our RaceBets review, overall, the site provides a refreshing and incredibly diverse platform that racing fans from all over can enjoy. Their site has been designed very effectively and it’s never a chore to find the product you are looking for and combined with their global coverage of events, they are definitely heading in the right direction.

The only drawbacks are the obvious fact that they are limited to only racing and their support open hours, even their promotions are fantastic in our opinion. Also, for some punters, there will be too many restrictions attached to the free bet/welcome offer promotion. However, if you can put up with these two minor drawbacks then Racebets could be the perfect bookmaker for you. 

So if you are an avid fan of horse and greyhound racing we definitely think you should hit that sign up button and see what’s in store for you at RaceBets.

gabriel hall

About Gabriel Hall

Gabe is a seasoned content writer with a focus on sports betting. He's penned hundreds of sportsbook evaluations, betting tip pieces, and 'How-To' guides to assist bettors with their tactics, among other things. Gabe loves football, but he also enjoys cricket, tennis, golf, rugby, and the NBA, NFL, and MLB.