Horse Racing Betting in Canada
Horse Racing is one of the oldest sports in the world. Despite that, it has still huge popularity and nearly every country in the world. Thanks to media coverage horse racing has continued to grow also amongst the youngest generations.
In horse racing, men and women are competing together, and the rules are different depending on the country where the race is taking place. Some of the different types of horse racing are flat racing, jump racing, steeplechasing, endurance racing and harness racing.
At any time of the year, there are horse racing events that take place throughout the globe. Some of the most popular ones are the likes of Kentucky Derby, Grand National, Breeders Cup Distaff, Prix de l’Arc de Triomphe, Dubai World Cup and some others.
Top Canadian Sports Betting Sites For Horse Racing
To get the best range of horse racing betting markets and the most competitive odds you should sign up to the operators we have recommended in this page. We have come up with this list after a careful analysis of the different betting sites. Not only those betting sites have the best horse racing markets, but they are fully licensed and you will be able to benefit from generous welcome offers when opening a new account.
Horse Racing In Canada
The most popular horse racing competition in Canada is the Canadian Triple Crown. This is made of three thoroughbred races that are run every year. This is by far the oldest racing tournament in Canada as it was firstly established in 1959. The first horserace is the Queen’s Plate that is run at the Polytrack in Toronto; the second one is the Prince of Wales Stakes which is hosted by the Fort Erie Racetrack in Ontario; the third one is the Breeder’s Stakes that is hosted by the E.P. Taylor Turf Course in Woodbine.
All those three races are available on television on TSN since 2014. 12 horses have managed to win the Canadian Triple Crown to date. In addition to that, there is also a Canadian Racing Hall of Fame which is made to honour horses, trainers and jockeys.
When it comes to placing bets on horse racing, there are plenty of options out there. There are a lot of horses and many different bet types available.
Betting sites are competing fiercely on horse racing and for this reason, especially around the biggest events, you will find very competitive odds and also plenty of bonus offers and price boosts. We suggest you stick with the selected betting sites on this page as those will guarantee a safe betting service and top odds and offers.
Horse Racing Betting In Canada
Canadians love to place bets on horse racing and they do so on both domestic and international horse racing competitions. There are lots of licensed betting sites that are offering many betting markets that can also be accessed via mobile.
On those sports betting sites you will find the top horse racing tournaments in the globe but also more specific coverage for countries like USA and South Africa. There are lots of different ways to bet on horses, but the most popular are tricast, forecast, outright winner and others.
The best sports betting websites are also helping bettors by providing plenty of horse racing industry news. Some of them will even offer tips and past performances of both horses and jockeys. If you like to bet on horse racing 24/7, you will also be able to place virtual horse racing bets with most bookmakers.
Best Horse Racing Betting Events
A great thing about Horse racing is that there are races available across the world at any time. Picking the winning horse requires luck but also preparation, so it is crucial to get hold of as much as stats as possible.
For the biggest races in the world like the Grand National, the Kentucky Derby and the Dubai World Cup you will find plenty of betting markets and some genuinely great offers for both new and existing customers.
Horse Racing Betting Types
Undoubtedly the most famous horse racing bet is on the winner of the race. There are, however, many different options to place your wagers on a horse race. For instance, you can bet that your horse will place. In this situation, as long as the horse will finish in one of the place positions, you will get a payout.
You can also attempt to predict what horse is going to finish first and which one second and third. Those types of horse racing betting are known as Exacta and Tricast. Surely they are more difficult, but if you get them right, you will receive a huge payout.
All the betting sites we have selected for you will allow predicting not only which horse will win but by how many lengths. In addition to that, you will find lots of different special offers that are directed to Canadians residents willing to bet on horse racing.
What Are Show Bets?
Show Bets are some of the most popular wagers for beginner Canadian bettors. The reason is that they offer far less risk than other betting markets. When you are placing a show bet, you are backing one horse to finish 1st, 2nd or 3rd. The risk is significantly reduced, especially if you are backing the strongest horses. On the other hands, odds will be lower those types of bets.
What’s a Parlay Bet/Formula in Horse Racing?
The parlay bet is a type of wagering that involved parlaying money from one wager to the next. There are basically two types of parlaying: the single and the group parlay.
A group parlay is when a group of people pools money and then it uses them to place separate bets. The cash that is won from those bets is then parlayed into the subsequent races.
The single parlay, also called parlay formula has the same logic but in this case, you are the only investor. It works in the same way. You firstly place a bet and then you reinvest the winnings on a subsequent bet. The idea behind the parlay bet is that by betting the dividends from one race to the next one, you can multiply them and therefore, increase your overall return.
What Info Do You need To Bet Efficiently On Horse Racing?
Before placing a bet on a horse, it is crucial to study their form and also their habits concerning the surface, type of race and weather. This will give you some insights on the shape they are in and how comfortable they will be on track. The going report, also called ground reports, should supply you with further insights on the value of the odds.
To increase your chances of winning your horse racing bets, it is crucial that you stay consistently updated on the runners. Recent performances will give you a clear insight into what you can expect from future races and help you make an educated decision.
What Is The Best Horse Racing Bet Strategy?
Even though unfortunately there isn’t a strategy out there that will consistently make you money on horse racing, there are some practises that can help you increase your chances of being a successful bettor.
The most important thing is to stay always updated and informed. You should also have a clear idea of how you are doing against your total budget and goals. By keeping track of your betting performances, you will be in a better position to figure out what are your weaknesses in relation to the different races.
It is crucial that you see your horse racing bets as a business investment. You should plan, stick to your strategy and monitor the outcomes. You should also never spend what you can’t afford to lose, in the same way as you wouldn’t do it in real business.
What is the difference between Exacta Bet and Quinella?
Both those two bet types are standards sports bet. The Quinella is a bet where you are predicting two horses to finish in 1st and 2nd position regardless of the order. This is like a single bet.
The Exacta is very similar to the Quinella but you are in this case betting on the exact order of the first two horses. You can also do an Exacta Box. In this case, you are adding multiple exact combinations on a single betslip. Each selection will cost you the price of a single bet.