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Horse Betting in Canada | Top Horse Betting Sites 2021

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

What should you expect from our recommended horse betting sites? Let’s look at some of their top features!

Bet365

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 horse betting promotions
Some Horse Betting Promotions at Bet365

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.

bet365 horse overview
Horse Context at Bet365

Bodog

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 QualityKnicks Go
Bodog5.006.00
Bet3655.004.00
Sports Interaction4.504.50
Horse Racing Odds for Breeder’s Cup Classic

In this example, Bodog offers the best odds for both Essential Quality and Knicks Go.

Sports Interaction

Sports Interaction is a Canadian-focused sportsbook that covers Canadian horse racing events like the Triple Crown and Canadian International Stakes.

William Hill

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.

Betway

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!

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:

  1. Find a sportsbook you like.
  2. Sign up and create an account by following all required steps.
  3. Deposit money using your preferred payment method.
  4. Find a horse racing event you want to bet on and place a bet.
  5. 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:

horse racing straight bets
Win/Place Horse Racing 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.

Exotic Bets

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.

Take Note!

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.

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