Horse Betting in Canada | Top Horse Betting Sites 2021
Horse racing has a long history in Canada, and it’s still one of the most popular sport to bet on to this day.
And with good reason! Horse racing betting can be thrilling, and you can find events to bet on all year round.
Read on to discover our suggested horse betting sites for Canadians as well as information on the most popular horse bets, the legality of horse betting, and more!
Best Horse Race Betting Sites in Canada for 2021
A Closer Look at Our Top Horse Race Betting Sportsbooks
What should you expect from our recommended horse betting sites? Let’s look at some of their top features!
Bet365 leads the list, and with good reason. Bet365 is one of the only sportsbooks that offers a lot of horse racing promotions, including a price promise, best odds guaranteed, and payouts on disqualified horses.
Bet365 also allows you to build a ‘stable’ of your favourite horses and receive updates when they run.
What we also like about Bet365’s horse racing section is the sportsbook’s overview of the horses’ last run, which helps give more context when placing bets.
Bodog tends to offer competitive odds for a lot of horse racing events. For example, when we compared the two favourites for the Breeder’s Cup Classic:
|Essential Quality||Knicks Go|
In this example, Bodog offers the best odds for both Essential Quality and Knicks Go.
Sports Interaction is a Canadian-focused sportsbook that covers Canadian horse racing events like the Triple Crown and Canadian International Stakes.
On the other hand, William Hill is particularly great for UK races like the Royal Ascot as these events get covered with a lot of betting markets. William Hill also offers the best odds guaranteed on all UK and Irish horse racing.
Finally, Betway offers good value for money by offering frequent money-back promotions. Have you backed a horse but it finished second? Chances are that Betway will give you your money back in the form of a free bet!
Is Horse Racing Legal in Canada?
Yes, horse racing is legal in Canada and was one of the only legal gambling options for decades.
Unlike other sports, horse racing is not regulated by the Criminal Code.
Instead, it is regulated by the Canadian Pari-Mutuel Agency and will continue to be so since it was excluded from the recent single-event betting legislation that will bring changes to all other forms of sports betting.
How to Bet on Horse Racing in Canada
So, how do you bet on horse racing in Canada?
Apart from on-track horse betting, and horse racing apps like Ontario’s HPIBET and Dark Horse, you can also bet at international sportsbooks like the ones we recommended above.
Betting at international sportsbooks allows you to bet on a wider range of horse racing events. International sportsbooks also have the added perks of big bonuses and competitive odds.
Using these sites is an easy process:
- Find a sportsbook you like.
- Sign up and create an account by following all required steps.
- Deposit money using your preferred payment method.
- Find a horse racing event you want to bet on and place a bet.
- Sit back and enjoy!
Different Horse Racing Bets
If you’re new to horse betting, you’re likely to find the number of bets and terms overwhelming. But no worries, we’re here to break it down in simpler terms!
Firstly, there is a distinction between straight and exotic bets. Let’s look at the straight bets first.
Win / Place / Show Bets
Win: You bet on a single horse to take 1st place.
Place: You bet on a single horse to take either 1st or 2nd place.
Show: You bet on a single horse to take 1st, 2nd, or 3rd place.
Here’s an example of a Win or Place bet at Sports Interaction:
Out of all horse racing bets, the straight bets are the easiest and most popular, so we recommend these for beginners.
If you want to add to the excitement, you can try some exotic bets:
Exacta: You bet on two horses to take 1st and 2nd place. Your horses must finish in that order to win.
Quinella: You bet on two horses to take 1st and 2nd without taking into consideration the order.
Trifecta: You bet on three horses to take 1st, 2nd, and 3rd in that exact order.
Superfecta: You bet on four horses to take 1st, 2nd, 3rd, and 4th place in that exact order.
Exotic bets can offer bigger payouts than straight bets. However, you’re also less likely to win these bets since there are more variables. This is why we suggest that you thoroughly research a race before placing any bets.
Popular Horse Racing Events to Bet On
We’ve covered different types of horse racing bets, but what can you bet on with those bets?
Let’s take a look at some renowned horse racing events in Canada.
Canadian Triple Crown
This is an anticipated series of horse races for Canadian bettors. It is a yearly event and features a series of three races for three-year-old horses born in Canada.
The first race is the Queen’s Plate, which takes place in Toronto in June. The July Prince of Wales Stakes is set in Ontario, while the final race is the Breeders’ Stakes which takes place in Woodbine in August.
Canadian International Stakes
Canadian International Stakes is the second biggest event on the Canadian horse racing calendar.
This is a race for thoroughbred racehorses of three years of age and is held every October at Woodbine Racetrack in Ontario.
Our suggested sportsbook for both the Canadian International Stakes and the Canadian Triple Crown is Sports Interaction.
Sports Interaction is focused solely on Canadian bettors and is more likely to cover these events extensively.
The Kentucky Derby is an annual horse race held in Louisville, Kentucky. It’s usually on the first Saturday of May.
It’s a Grade 1 stakes race for three-year-old Thoroughbred horses at a distance of 2 km.
It’s one of the most anticipated events in the United States, which is why a lot of sportsbooks cover this event with a lot of betting markets.
Breeders’ Cup World Championships
The Breeders’ Cup started as a one-day, seven-race event, which is now a two-day, 14-race celebration that occurs in November.
It generally takes place in the U.S. but attracts competition from around the globe, including Canada, Australia and the UK.
Canadians might adore the Triple Crown races, but the Brits focus on the Royal Ascot.
The Royal Ascot is Britain’s most valuable race meeting and it usually occurs in June.
It is spread over 5 days and attracts more than 500 horses. If you want to bet on the Royal Ascot, we suggest William Hill as it specializes in UK events thanks to its UK roots. William Hill also has the best odds guaranteed for horse racing events like the Royal Ascot!
Another event Canadians like to bet on is the Australian Melbourne Cup. This is Australia’s most popular annual thoroughbred horse race and is a 3200-metre race for three-year-olds and over.
This event occurs on the first Tuesday of November and is covered by most horse betting sites due to its popularity.
Bet on Horse Racing Today
In this guide, we’ve covered the top picks for horse betting sites, as well as information on different horse bets, horse racing events, and how to bet on horses online in Canada.
All that’s left is for you to pick a betting site and sign up today!
What is the biggest horse race in Canada?
The most popular horse race in Canada is the Canadian Triple Crown. This is a series of three Thoroughbred horse races run annually in Canada.
What is the best horse racing betting site?
Our list of recommended horse racing betting sites are all sites with great odds, good bonuses, and a range of horse racing events.
What is the best way to bet on horses?
The best way to bet on horses is to use a straight bet. These are easier bets to win and the odds are more likely to be in your favour.
Which sportsbooks have the best horse racing odds?
Horse racing odds can vary from one event to the next, but we’ve found Bodog and Bet365 to have some of the best horse racing odds in Canada.