Horse Racing Betting
Bet UK's online betting has horse racing markets available every day, on all major single meetings throughout the racing calendar. As well as betting on standard meetings, we also have free bets available on a wide range of events such as the Cheltenham Festival and Royal Ascot.
To find out how to live stream horse racing on Bet UK, check out our horse racing live streaming guide
If you're looking for betting tips for the latter, please check out our Royal Ascot Betting Tips 2022.
Horse Racing Betting Odds
Before placing any horse racing bets, there are a number of factors to take into consideration. Form is obviously important for horse racing, with good form a strong factor in choosing a horse to bet on. As well as form, the trainer and jockey of each horse is a critical factor. An experienced jockey matched with an exceptional trainer can turn an average horse into a winner. Finally, there are also weight and age to consider, although they may not have as much of an impact as the other two factors. If you want to get into racing betting but aren’t bothered about form or trainers, then simply pick the horse with your favourite name, it can be as simple as that! The horse racing odds will be initially displayed as fractions. For example, 1/4 would suggest this is an 'odds on' horse and therefore a favourite. This means for every 4 units you stake you will receive 1 unit back if you win plus your stake. You can also change the odds to present them as decimals.
Common Horse Racing Bet Types
When placing bets on any Horse Racing event, it is important to know exactly what kind of bets are popular. The standard bet is a single bet on one race that players typically use their free bets on. However, there are a number of bet types that players may use on the likes of the Cheltenham Festival, they are:
Each Way Accumulators - A great way to back multiple horses for a small stake comes from Each Way accumulators. You can place bets on all the races in a singular day and as long as each horse finishes in the top 3 (sometimes extended to 5) positions, you'll receive money back!
Forecast Bet - A good bet for large odds on selected races such as the Epsom Derby and this bet allows players to place bets on both the winner of the race and the horse that comes in second place.
Trixie - A bet consisting of three selections and totalling four bets, three doubles and a treble. Two selections must come through to make a return. This is commonly created when there are three overwhelming favourites racing in one day.
Patent - A bet consisting of three selections and totalling seven bets, three singles, three doubles and one treble. Similar bet to the Trixie but contains singles. This is the better alternative when your three selections are over evens.
Yankee - A bet consisting of four selections and 11 bets, six doubles, four trebles and a single fourfold accumulator. This means that two selections must win to provide a return.
Lucky 15 - A bet consisting of four selections and 15 bets, four singles, six doubles, four trebles and a fourfold. Similar to a Yankee bet but this bet contains singles. Similarly to the Patent bet, this selection is preferential when all bets are over evens.
Canadian/Super Yankee - These bets consist of five selections and 26 bets, ten double bets, ten trebles, five fourfold accumulators and one fivefold accumulator.
Lucky 31 - A bet consisting of five selections and 31 bets, five singles, ten doubles and trebles alongside five fourfold and a five fold acca. This is the upgraded version of Lucky 15 bet.
Heinz - A bet consisting of six selections and 57 bets, 15 doubles and fourfolds, 20 trebles, six fivefold and one sixfold accumulator.
Lucky 63 - A bet consisting of six selections and 63 bets, six singles, 15 doubles and fourfolds, 20 trebles, fivefold and one sixfold accumulator. This is further upgraded from the Lucky 31 bet type.
Super Heinz - A bet consisting of seven selections with 120 bets! 21 Double bets and fivefolds, 35 trebles and fourfolds, seven sixfolds and one sevenfold accumulator.
Goliath - A bet consisting of eight selections totalling 247 bets. 28 Doubles and sixfold, 56 trebles and fivefolds, 70 fourfolds, eight sevenfolds and finally one eightfold accumulator.
Have you placed any of these bets? Or at your perhaps looking to this Cheltenham Festival? Why not check out our betting calculator and check out how much you can win using all of our bet types.
The Biggest Horse Racing Betting Events
When looking at the biggest betting events, Horse racing events are always centred around the sport’s biggest festivals. These festivals run every year and attract thousands of racing fans. The Cheltenham Festival takes place every March, with some of the biggest races taking place throughout the 4-day event. A selection of the world's best horses will take to the course at Cheltenham, giving you a great opportunity for betting. The Grand National betting is one of racing biggest draws, with close to 50 horses taking part each year. The Grand National is famous for punters placing horse racing bets, often being the most bet on race of the racing calendar. Royal Ascot takes place every June and is the next big racing opportunity for betting. The festival that is favoured by the royal family, Royal Ascot is the oldest festival that is still running today.
Horse Racing Betting Terms
Following Horse racing can be made quite confusing with a number of different terms that might not be clear to understand.
Accumulator - An accumulator bet is made up of multiple selections that are combined into one bet. For this bet to win, all selections must result as winners or places.
Best Odds Guaranteed - This is a promotion offered by Bet UK that applies to certain horse race betting. It means if bettors take an early price and the SP (Starting Price) has better odds, you will be paid out at the bigger odds.
Flat Racing - Any horse race that doesn't include jumping over fences.
NAP - A term found in tips blogs meaning the best bet of the day for anyone betting on horse racing.
Places - Each race will have a number of places, dependent on the number of horses racing. The places are often up to 3 or 4, meaning horses who finished up to 4th may end up being paid out on each-way bets.
Each Way - Each way bets will split your horse racing bet between outright winner and placing. This means if your horse wins, you win the full amount. If your horse places, then you will lose half of your stake, but will still get money back from the other half. With this bet, you can win even if your bet isn't the first horse to cross the line.
Horse Racing Betting Markets
Typically, horse racing betting markets are restricted to bets regarding the finishing position of the horse. Mainly, bettors may place bets on the winner of horse races. However, there are number of horses who look good as outside bets, this is where some bettors may wish to place Each Way bets. Each way betting allows bets on horses to finish in the top three of a race (sometimes expanding to top five depending on the race, Grand National is an example of a race that expands). For smaller races, you may wish to look at other horse racing markets such as tri-cast and fore-cast, this is where you look to correctly predict the top three of a race, for most horse races, this is an extremely risky bet, because you're banking on the performance of three horses rather than just one.
Horse Racing FAQs
Q. How do I read Horse Racing odds?
A. Horse Racing odds can be read similarly to any other odds in the fractional, decimal or American bet formats. However, if you're looking to evaluate how good the betting odds are for a particular race, you should use the information provided on-page, including the form, and previous races. For example, if you found a horse running a 2l race, where it is unbeaten and all of its losses have come in a longer format, you'll typically find the best racing odds for that horse, as its form isn't fantastic but on a particular length of track, it performs well. This is just one of the many things you should consider when you select race bets.
Q. What is the best bet in horse racing?
A. The best bet largely depends on the horse racing betting odds. For example, if you're betting on a 20 horse race, it's a lottery, we recommend going for horses of slightly higher odds but there will likely be three or four horses you like the look of before the race.
For smaller races, it's likely that there will be a horse rated as under evens in the odds, if this is the case, you're better off trying to predict the horse that is going to come second and placing an each-way bet, that way if a shock occurs, you pick up a big win, if the horse comes second, you'll still make a profit due to the seismic odds of your chosen horse.
Q. What is it called when you bet on four horses?
A. This is called a Yankee bet, which is a 4 selection wager that consists of 11 bets, 6 doubles, 4 trebles and one four-fold. This is also one of the smallest bet types for multiple bets, so if you're placing a bet on a small number of horses, you may wish to look for this bet. If you're confident on a selection of horses but their odds aren't as high as you might have wanted or you believe one selection may let you down, this is a good way of hedging your bets, so even if one selection loses, you still look to make a profit.
Q. When does the National Hunt season start?
A. The National Hunt season never truly ends as there are jumps races across the 12 months of the year but the majority of the National Hunt fixtures take place during the Autumn and Winter seasons. As the bigger meetings begin at the back-end of October, this is widely regarded as the start of the season, this runs all the way through to the end of April, which is regarded as the official end of the campaign when flat racing takes centre stage.
Q. What does SP mean in Horse Racing?
A. SP means starting price, so if you place an outright bet on a horse before the race, you're guaranteed to get the starting price of the horse if it has better odds. It is a useful tool for those betting on horse racing months before an event as it can be used to match bets from just before the race but gives you the opportunity to win with higher odds.