RaceBets is an online betting site largely dedicated to horse racing. Launched in 2005, this online bookmaker offers a wide range of markets for horse racing events from major racing nations such as the Australia, UK, South Africa, the USA, and Germany.
You can also find minor horse racing competitions in countries like Brazil, India, and Turkey.
Currently owned by Betsson, RaceBets holds operating licenses in three countries. With RaceBets, bettors can bet on different betting options such as multiples, ante-post markets, each-way, and even special bets.
At RaceBets, there is a constant addition of new and exciting features, promotional offers, and free bets. The betting interface is fluid, deposit and withdrawal channels are swift and safe, and responses to customers’ inquiries by customer care representatives are prompt.
This review gets into more detail about what freebies are obtainable at RaceBets.
But right before that, let us examine the trustworthiness of the betting site itself.
Bookie Reliability and Safety
Before exploring Racebets’ bonuses, we were very keen on their reliability and integrity. Our experts went all in to investigate their credibility. This is what we found.
Racebets is licensed by the Regional Council of Darmstadt, the Australia National Excise License Office, and the Malta Gaming Authority. This seals Racebets’ status as a legal entity while holding it accountable for premium customer satisfaction. This makes it one of the most reliable provider of online horse racing betting.
Next, RaceBets operates a functional website that is guarded by a 128-bit SSL encryption technology. This makes it hack-proof and safeguards users’ details, further preventing unauthorized access to the user’s area.
For your financial safety, Racebets partners with several financial institutions to ensure that your deposits and withdrawals are safely carried out.
To further boost its reliability index, RaceBets partners with responsible gaming associations such as Gamstop, begambleaware.org, and GamCare to protect punters from compulsive gambling.
How to open and verify your account on Racebets
Like other online gambling sites, you need to open a racebets account before you can enjoy freebie packages and other services this bookie provides punters. Thankfully, the process is very straightforward.
First, head over to the website http://m.racebets.com and click on the Register button located at the top left corner of the screen.
You will be redirected to another page divided into two sections with fields for you to fill in.
The first section is tagged “Account Details.” Here, you fill in your email and username and create a password. Check the necessary boxes and click Continue.
Then you will be taken to the next section, which is the “Personal Details” section.
Here, you are to fill in your First Name, Last Name, Gender, Date of Birth, Street Address, City, Post Code, and Mobile Number.
After filling in all these fields correctly, click on Secure Register to complete the registration process. Ensure that you fill in the correct information, as RaceBets reserves the right to either suspend or close your account if they find out that you used false information.
After successful registration, you must verify your account before enjoying certain functions like withdrawals. First, you need to verify your email via the verification link sent to it.
After this, you need to verify your identity via some document.
This procedure demands a color copy of the following documents: one photo ID of either your passport, driving license, or National Identity Card and one of your Utility Bill, Tax bill, Bank Statement, or Landline phone bill. Anyone you choose must not be less than six months old.
When you have procured these documents, head to your Account tab and then the Verification page and upload the documents as required.
Alright, having satisfied these fundamental prerequisites, let us get into the party and explore the welcome freebies and latest Racebets offers.
Racebets welcome offer 2023 | Promo Code
With this offer, RaceBets gives new users a 100% bonus on your first deposit up to £50.
Paying funds into your account with Skrill, Neteller or Paysafecard disqualify you from this offer.
Also, Australia customers paying using prepaid credit cards will be not allowed to enjoy this offer.
To participate, eligible customers should make a first deposit of £10 minimum (and bet £10 minimum) using the accepted channels. The max bonus is £50.
After qualifying bet settlement, the derived freebie must be wagered before you can withdraw earnings.
Head over to the promo section and enter the Racebets bonus code “WELCOME” to claim this welcome bonus. After it gets credited to your account, you must wager it 5x before you can withdraw the funds.
Your racing bets placed using the welcome bonus must have a minimum of 1.5 odds, and refunded stakes will not count toward the wagering requirement.
Racebet made the welcome bonus available on Australia races.
Note that you must complete the wagering requirement of the bonus within 30 days of activating it so as not to forfeit it. Also, this completion must be within 45 days of opening your account.
Racebets Sportsbook Million Game Offer
The RaceBets Million Game is a special offering from this online sportsbook where you can earn massively if you correctly answer questions assigned to you. Here is how it works.
First, you need to open an account to be eligible then you need to opt-in to partake. After you opt-in, make a cumulative stake of £25 before 30 days.
Once this is satisfied, you will be presented with your first question to answer. You can either split your potential earnings, known as “pot” on different answers or go all in on one answer.
Once the result of the correct answer is displayed, the money that you placed on the correct answer will be available for staking on the next question.
Repeat this procedure till you answer all the questions correctly. Any money that is left after you have answered the questions is for you.
Other terms about the Racebets million promotion
You have just 30 days to complete the £25 turnover requirement. If you don’t complete it before the 30 days expire, you will be automatically withdrawn from the offer, and any turnover amount accrued will be forfeited.
Note that the number of questions you will answer will be displayed for you when you start the game.
Typically, this is 20 questions. You have 60 days from when you opted in to answer all the questions. If you don’t answer all the questions before the expiration time, the game automatically ends for you, and all the accrued earnings are forfeited.
Let us emphasise here that if you go all in on one answer and it is wrong, then you have lost out of the game.
You can see your previous answers on the History page of the RaceBets million game.
Racebets 5% stake promo on US races
Here is another sports offer on RaceBets: a 5% stake return on selected American horse racing markets.
As the name suggests, this offer gives you 5% on your stakes up to £30 for certain races happening in the US.
This offer is open to both existing and new customers residing in Mauritius, Germany, Malta, Ireland, and Norway, where the account language is not in German or Portuguese.
If you meet the requirements mentioned above, this is how to participate.
To start, place your bets on the chosen races. If your bet comes out successful, you will be credited with 5% of your staking, maxing out at £30.
Note that this offer is valid only for selected markets’ tote bets on race day. In addition, each customer is limited to just one bet credits stake per track per day.
The Racebets bonuses will be credited within 24 hours after the last race of the day has been settled. You can use the bonus on all available racetracks up to three months after receipt.
In addition, you must wager these freebies at least five times before you can withdraw it.
Special bets, accumulator bets, ante-post market bets, free bets, and head-to-head bets are not eligible for this promotion.
Fairyhouse Racebets Offers
Enhanced odds are regular sights on the best horse racing betting sites – RaceBets inclusive (if not especially).
The sweeter news? On RaceBets, this specialty is available every day for existing players.
RaceBets enhanced odds are available to both new and existing customers from all countries. The FairyHouse is one of the most exciting enhanced odds packages offered at Racebet.
To enjoy this offer, simply place your bets on fixed odds as you normally would.
However, there are specific considerations worth highlighting.
Extra places apply to the mentioned odds. There would also be instances where extra places apply to selected handicaps, Group/Grade 1, 2, 3, and listed races.
Note that extra places won’t apply in case of too many scratched horses per race.
The rules for the enhanced place terms for Handicaps include Four places for 12 to 15 runners. If the non-runners result in less than 12 runners, then it will be 3 places.
Five places are available for 16 to 20 runners. If the non-runners result in 12 to 15 runners, then it will be 4 places.
20 or more runners get six places. If the non-runners resume in less than 20 runners, then it will be 5 places.
The rules for the enhanced place term for Group/Grade 1, 2, 3, and the listed races include Four places for 14 or more runners. If the non-runners result in less than 14 runners then it will be 3 places.
Finally, note that the places are paid at 1/5 odds.
We advise you visit the Racebets official site to read the terms and conditions.
Racebets 20% Stake Bonus
Getting tired already of the goodies? Well there is even more promotions for existing customers at Racebet.
This brings us to the 20% stake Racebets freebie on Swedish and French horse racing events (with Australia horse racing events not covered).
This freebie is as juicy as it is simple. Here is how it works.
Qualified participants 20% of their stake up to £30 on selected races (exclusively on horse racing events in France or Sweden).
Furthermore, let us add that this offer is only available on fixed odds.
If you meet the above terms, simply place your bets on selected races’ fixed odds. If you win, free tokens are credited to your account within 24 hours after settling the final race of the day.
This offer is valid just on the day of the race market on selected races. It is one bonus per track per day for each eligible customer.
After the bet settles, you stand to get 20% of your bet amount back.
Inevitably, these freebets have playthrough requirements attached. Luckily, they don’t cost an arm and leg to satisfy.
You must wager the bonus five times before you can withdraw it. Note that special bets, ante-post bets, head-to-head markets, and PMU markets are ineligible for this offer. As you would expect, t&cs apply.
Bookmaker payment methods
Racebets offer several deposit channels with the minimum/maximum amount possible. This includes MasterCard/Visa credit and debit cards, PayPal, Skrill/Skrill Direct, and Neteller.
Most deposit channels on Racebets have a min deposit requirement.
Bank Transfers have a minimum deposit limit of £5. This is by far one of the lowest we have seen in the Australia horse racing betting market.
Furthermore, there is SOFORT Banking with a minimum of £5, GiroPay with a minimum of ten pounds and Nordea and Trustly both have a minimum of £10 too.
Altogether, the barrier to entry is pretty low, meaning you don’t have to be a big baller to open an account on Racebets.
RaceBets do not charge deposit fees. However, your card issuer may charge fees. All deposits are usually credited in real time, apart from bank transfers that are processed within 24 hours.
What channels can you withdraw with?
Payment method exclusions apply on Racebets. Specifically, RaceBets advises that you use the same deposit method that you used to process your withdrawals. That means that you may encounter hitches if you use a channel different from the one you used in depositing to process your withdrawals.
Note that withdrawals attract fees. Withdrawals of less than £5 will attract a handling fee of £1.50.
There will also be a handling fee of £0.50 from your 4th withdrawal within 30 days.
That is not all.
On Racebets, you will also incur a handling fee of £15 for withdrawals via any non-SEPA bank transfer. For clarity, this typically relates to executed outside the single euro payments area.
With that said, all withdrawals are processed within 72 hours.
How to place bets at RaceBets with bonus funds
The bet-placing process on RaceBets is very simple. First, ensure that you have enough bonus funds (or supplementing real money) for what you want to bet on.
Then navigate to your preferred section, such as Current, Ante-Post, Virtual, and others, then select the race that you want to bet on.
After doing this, click on the odds button located at the right-hand side of your selection. When you do this, an interface will be displayed, showing your selection and the type of odds and requiring you to input your stake.
After inputting the amount that you want to wager, click on Bet to finalize the process, or click on Add to Betslip to include your selection in your bet slip.
If you go for the second option, navigate back to the events and pick other selections. When you are done selecting, click on the Betslip icon located at the top side of the screen. This will display a drop-down menu.
Check to see that all your selection and stakes are correct, as it will show you the total cost. Then click Place Bet. You will see a little notification confirming to you that your bet has been placed.
Should the market you chose fall outside the allowable range (of markets for that specific promotion), Racebets will inform you.
Racebets Payout Limits
At RaceBets, there are limits to how much you can earn on successful bets. First, every customer is limited to earning a maximum of £100,000 every week (Monday to Sunday 0:00 CET).
Also, there is a general payout limit per race, and this is subject to race venues and governed by RaceBets “Categories.”
Let us outline some of these limits.
On Racebet, there is a set limit of £200,000 for Category 1, £100,000 for Category 2, and £25,000 for Category 3 and 4.
For Greyhound racing, it is generally £25,000.
RaceBets reserves the right to make a proportional reduction in earnings if they surpass the limit in any category. Feel free to demand an explanation if you notice this reduction.
General Bonus Rules at RaceBets
Periodically, RaceBets grants its customers freebets to spice up their betting experience. The granting of bonuses is entirely at the discretion of RaceBets.
The company reserves the right to withdraw or cancel a bonus at will or the suspicion of any fraudulent activity using the bonus.
Each bonus is granted once per customer, household, account, shared computer, payment method, and IP address.
If a customer qualifies for several Racebets bonuses simultaneously, such as a deposit bonus and another random bonus, only the bonus with the highest bonus amount will be given.
Furthermore, unless specifically stated, the maximum bonus amount per promotion per customer is £100. Also, unless otherwise stated, every bonus offer only applies to fixed odds and starting prices and not ante-post bets, tote betting, or multiples.
The basic wagering requirement for each bonus is five times unless otherwise stated. Also, the minimum odds for each wager must be 1.50.
Any stake on odds less than 1.50 will not count towards the rollover requirement.
If you make a withdrawal while a bonus is still active, the bonus automatically becomes forfeited.
Finally, if there are discrepancies between RaceBets’ T&C and the specific terms of each bonus offer, the specific terms of the bonus offer supersedes.
Lastly, Racebets best odds guarantee offer are exclusive to Australia, South African and UAE races. This is similar to what we saw on Bet365.
Racebets bonus FAQ
Is Racebets safe and legit?
Yes, Racebets is safe. The company incorporates different functions to ensure its safety and legality.
First, it is licensed to operate; also it is an advocate of responsible gambling partnering gambling commissions like GamCare.
Also worth mentioning is the reality that Racebets’ website deploys SSL technology to stop intruders. Lastly, this bookmaker partners with reputable financial firms for the financial safety of its customers.
Does Racebets have bonus offers?
Yes, Racebets has bonus offers. One prominent bonus offer is the welcome deposit bonus offer that gives new users double their deposit up to £50.
Apart from this, RaceBets also feature periodic promotional offers to make bettors’ experience more pleasurable. Notable among these is the Fairy House offer. Some of these offers are accompanied with a designated bonus code. We didn’t see much casino freebies here.
Do Racebets bonuses expire?
Yes, Racebets free bets do expire–and this is quite the norm in the Australia betting market. The generality of free bet valid on Racebets (that have specific criteria for the qualifying bets) expire after 7 days.
Normally, the validity period of each bonus is stated in terms of the bonus. So do well to read the terms of each bonus to know how long a particular bonus will last.
What are the maximum payout limits at Racebet?
£100,000 is the highest that a customer can earn per week. There are also limits for each customer per race, and it is also subject to the race venues as categorized by RaceBets.
The payout limit for the highest category is £200,000, and the limit for the lowest category is £25,000. Greyhound racing is also limited to £25,000. These limits apply to racebets mobile betting as well.