BettingTop10 have independently reviewed all the leading Horse Racing betting sites and provide options of only the very best sites to bet on horse racing and develop a winning racing betting strategy.

Best Horse Racing Betting Sites

Betting Site
Rating & Features
Brand Features
Bet Now
  • australia
    AUS Licensed
  • Best fixed odds provider
  • australia
    AUS Licensed
  • Best fixed odds provider
  • australia
    AUS Licensed
  • Best fixed odds provider
Sports Betting
  • australia
    AUS Licensed
  • No Minimum Withdrawal
  • australia
    AUS Licensed
  • No Minimum Withdrawal
  • australia
    AUS Licensed
  • No Minimum Withdrawal
  • AUS Licensed
  • Live Streaming
  • AUS Licensed
  • Live Streaming
  • AUS Licensed
  • Live Streaming

If you’re new to betting online on horse racing and not certain how to choose horse racing betting sites, then it’s important that you build an understanding of the best betting sites, where you get the best betting odds, promos and quality features plus an understanding of basic horse racing betting types in Australia.
Horse racing betting types are so varied with myriad of betting sites on which to wager your hard-earned cash on the ponies.

How to Choose the Best Betting Site to Bet on Horse Racing?

When researching how to choose horse racing betting sites, naturally a huge part of that process includes using only the best betting odds and best range of horse racing betting markets in Australia, so you can make the most of every single punting dollar order to win as much as you can.

At BettingTop10, when we select a quality Horse Racing Betting site, we consider a range of racing-specific categories including;

  • Betting sites that offer the best odds consistent for all the big Australian metropolitan and country race meetings, in addition to all the big international races from New Zealand, Hong Kong, Dubai, Europe and the USA.
  • Some Horse Racing Betting sites offer blogs and tipping advice, or even a dedicated Personal Account Manager to supplement BettingTop10’s own regular tipping and prediction articles.
  • Which Horse Racing Betting sites provide the best odds for upset race winners? Racing fans know only too well that the winners of the Melbourne Cup regularly are long shots. Remember Prince of Penzance famous win in 2015? Some sites had odds of $101, while others paid out at more than $250 for a dollar bet!
  • Many betting sites are specifically designed with the horse racing bettor in mind and even have unique racing odds boosters built into their apps and;
  • BettingTop10 advise which horse racing betting sites offer free racing live streaming for your betting convenience and viewing pleasure to watch your bets play out live on your mobile, tablet or PC.

Horse Racing Bet Types & Options

  • Win – Sometimes colloquially known as “On the nose” or “straight up”, a “Win” bet means you are betting on a particular horse to win the race. Win it all or nothing! Good returns at long odds with some risk.
  • Place – A “Place” bet is betting on your chosen horse to finish either first, second or third. The odds for place bets are usually in the range of one-quarter of win bets.
  • Each Way – An “Each Way” bet is the same as placing both a “Win” bet and a “Place” bet together. If your horse wins the race, you’ll win both bets, but if the horse finishes second or third, you’ll lose the “Win” bet, but still win your “Place” bet. A very popular bet type, particularly on the big races like the Melbourne Cup.
  • Fixed Odds – Fixed Odds lock in the odds for your bet, regardless of how the market moves closer to starting time. Canny punters bet on attractive Fixed Odds early before the market moves in favour of their horse and the starting odds shorten.
  • Top Fluc – Top (Best) Fluc is usually available up to 30 minutes prior to starting time of each race, and is the top fluctuation of the odds of official on-course bookmakers and are assessed by the Bookmakers Pricing Service.
  • Best Tote – The tote (TAB) runs different betting pools on the same events based on state jurisdiction. For example, Queensland tote dividends may vary wildly from the Victorian TAB dividends.
  • Lay Betting – A lay bet is a bet type available on a betting site where the bettor can back a runner to ‘not win’. The bet will be successful as long as the chosen horse does not win.

Exotic Horse Racing Bets & Multi Bets

  • Quinella – A quinella is a bet type where bettors must select horses to finish 1st and 2nd in any order, or a Boxed Quinella allows the bettor to choose any number of horses to fill the first two places.
  • Trifecta – Similar to a Quinella, a trifecta is a bet type where bettors must select horses to finish 1st, 2nd or 3rd in any order, or a Boxed Trifecta allows the bettor to choose any number of horses to fill the first 3 places.
  • First Four – Can have payouts in the millions for a single dollar. Select the first four runners in a race. Now a popular Melbourne Cup bet after $16000 payouts for a single dollar occurred a few short years ago.
  • Exacta – An exacta is a bet type where the bettor must choose the first 2 placegetters in the correct order.
  • Daily Double – Pick the winners of 2 nominated races at the same track on the same day.
  • Treble – Pick the winners of 3 nominated races at the same track at the same race meeting.
  • Quadrella or ‘Quaddie’ – Pick the winners of 4 nominated races at the same track/same day.

Australia’s Biggest Racing Events & Races

Spring Carnival – Beginning in Sydney and finishing in Melbourne, the Spring Carnival includes big races like;

  • Epsom Handicap
  • Turnbull Stakes
  • Metropolitan Handicap
  • Caulfield Guineas
  • The Everest
  • Caulfield Cup
  • W. S. Cox Plate
  • Victoria Derby
  • Moonee Valley Cup
  • Melbourne Cup
  • VRC Oaks
  • MacKinnon Stakes

Autumn Carnival – offers great racing for sprinters;

Brisbane Winter Racing Carnival – Eight Group 1 races are held at Eagle Farm and Doomben in Brisbane including;

  • Doomben 10,000
  • Stradbroke Handicap
  • Doomben Cup
  • Brisbane Cup

Best Horse Racing betting strategy

Odds can fluctuate and differ wildly between the different horse racing betting sites, even for the same horses in the same races. Its worth your while to get the best odds you can.

With that in mind, our recommended Horse Racing Betting strategy is to;

Win more on each racing bet. Always get the best betting odds by joining more than 1 online horse racing betting site.

6 ways to pick a Winning Horse

1. Check the trainers

  • Who is the trainer and have they had much success previously or recently?
  • Has the trainer won this race previously?
  • Does the trainer specialise in preparing winners at this distance, or at this track?

2. Check the jockeys

  • A ‘hot’ jockey is worth following, especially at the big Autumn and Spring carnivals. They become confident – a confident jockey is a winning jockey.

3. Check the form

  • Is your horse in good form this spell?
  • Has your horse won on this track or at this distance before?
  • Has your horse won at all levels including the highest Group 1 level of horse racing?
  • If your horse is a sprinter, can he/she win from all barriers?

4. Check the class

  • Form is important, but it’s not everything.
  • Conditions of the race play a huge factor.
  • For instance, a horse might have been unplaced in its last 4 starts, which isn’t immediately an appealing bet. However, if its last 4 starts all came at Group 1 and now it’s dropping back a level, it is a different ball game.
  • Your horse may have a class edge over the field, despite not having great recent form.

5. Check the Barriers & Weights

  • In most cases, the wider the barrier, the less chance a horse may have of winning. It’s not always true (particularly in longer races), but sticking with a sprinter with a good barrier draw is a good tactic.
  • Weights are important factor in all the big feature races like the Melbourne Cup, Caulfield Cup, Doncaster Mile, Cox Plate etc., but less important in smaller weekday/country meetings.

6. Still confused? Check BettingTop10’s Tips

  • If it’s all too confusing, let BettingTop10’s experts assist and check out our regular BettingTop10 Horse Racing tips.

Horse Racing Betting FAQs

  • Which are the best horse racing betting operators in Australia?

    Choose one of BettingTop10’s recommended horse racing betting sites, all honestly and independently reviewed by our panel of experts.

  • Can I bet on the Races on my phone?

    Yes. Quality Horse Racing Betting sites usually offer either an app version and/or an in-browser version using the latest in HTML5 technology to place your wagers.

  • Do betting sites give advice on which horses to bet on?

    Yes. Many of our recommended betting sites offer blogs, tips and articles on potential race winners.

  • Can I print out my Melbourne Cup Sweep tickets from a betting site?

    Yes. Many recommended betting sites offer a page to print out for Melbourne Cup Sweeps for your luncheon or Melbourne Cup work event.

  • Are my personal details and funds safe with a Horse Racing betting site?

    Yes. Quality horse racing betting sites are powered by SSL encrypted data protection technology (The same as your bank, airline or favourite internet shopping site) to ensure your data are safely and securely protected.