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James Smith James Smith
Modified: February 19, 2025
Horse Racing Betting

Horse Racing Betting Odds in Canada


horse race betting at betiton canada

🤑 Horse racing Free Bet$10
🏇 Bet on Horse Racing EventsKentucky Derby, Epsom Derby, Royal Ascot, Champion Hurdle, Prix de l’Arc de Triomphe, 1000 Guineas, 2000 Guineas, etc
🖋️ Horse Racing Betting MarketsOutright Winner, Place Bet, Trifecta, Accumulator
💳 Betiton Canada Deposit MethodsVISA, Mastercard, Interac, Payz, AstroPay, Paysafecard, MuchBetter, Bank Transfer

Horse racing is a well-regarded sport in Canada, attracting both fans and bettors. Although betting on horse racing trails behind NFL and NHL betting in popularity, it is swiftly gaining traction. The growth of online sports betting platforms has made horse racing betting more accessible to Canadians.

This horse race betting guide covers everything from online horse racing in Canada to reading and understanding betting odds. We’ll also explain the most popular horse race bets, including straight bets and exotic bets. Finally, you’ll get our expert tips for betting on horses in Canada.

How Does Horse Betting Work? 

Horse race betting involves predicting the outcome of a horse race. A correct prediction wins you a pay-out based on your wager and odds; a wrong one means losing your bet.

There are a few different bets and markets in horse race betting, but most novices tend to wager on the horse they think will finish in first place.

trophy from a horse racing championship

Online Horse Betting Odds

To bet on horse racing online in Canada, visit an online bookmaker that offers betting odds for horse races. These odds indicate the likelihood of each horse winning the race and other possible outcomes.

Horse racing betting odds at Betiton Canada are available in the American/moneyline (the default setting), decimal, and fractional formats.

The correct way to read virtual horse racing betting lines in the moneyline format is simple: if a horse has a negative sign, it indicates how much you need to bet to win $100. On the flip side, a number with a positive sign indicates how much you could win for a $100 wager.

If you prefer to view odds in a different format, you can select it from the menu at the top right corner.

Types of Horse Racing Bets

In contrast to other sports betting markets, virtual horse racing betting markets are relatively limited due to the format of the sport. The most common bet type is to wager on the winning horse in a race, although there are a few other alternatives to consider. Below are some of the most popular horse race betting markets in Canada available at Betiton:

  • Outright winner: Bet on which horse you think will win the race.
  • Horse to Place: Bet on your horse placing first or second.
  • Trifecta: Select the horses that you think will finish in first, second, and third place in that order.
  • Show bet: Bet on one horse to finish in first, second, or third place in a race.
  • Accumulator bets: Combine multiple selections from multiple races into a single bet to obtain improved odds (although not all selections can be combined).

Betting on Horse Racing Biggest Events

horses participating in horse races championships

🏇 Horse Racing Event🏟️ Place📅 Dates
✔️ Kentucky DerbyChurchill Downs Racecourse, United StatesMay 3rd 2025
✔️ Epsom DerbyEpsom Racecourse, UKJune 6th – June 7th 2025
✔️ Royal AscotAscot Racecourse, UKJune 18th – June 22nd 2025
✔️ Champion HurdleCheltenham Racecourse, UK11th March 2025
✔️ Epsom OaksEpsom Downs Racecourse, UK6th June 2025
✔️ 1000 GuineasRowley Mile, UKMay 2nd – 4th 2025
✔️ 2000 GuineasRowley Mile, UK4th May 2025
✔️ Glorious GoodwoodGoodwood Racecourse30th July – 3rd August 2025
✔️ Prix de l’Arc de TriompheHipódromo de París-Longchamp5th – 6th October 2025
✔️ Irish DerbyCurragh Racecourse, IrelandJune 27th – June 29th 2025

Kentucky Derby 

The Kentucky Derby is a Grade I stakes race held annually in the United States. It is always held on the first Saturday in May at Churchill Downs in Kentucky. It’s open to three-year-old thoroughbreds, and it’s the first leg of the prestigious Triple Crown. The race is two kilometers long and lasts approximately two minutes.

Epsom Derby

The Epsom Derby, also known as the Derby Stakes, is a flat horse race in the Group 1 category. It’s open to three-year-old colts and fillies and takes place every year at the Epsom Downs racecourse in England. The race is always scheduled on the first Saturday in June, and it’s considered the most important race of the five Classics.

Royal Ascot

The Royal Ascot is a well-known, prestigious racecourse in the United Kingdom. A series of races are held here, attended by the King and Queen. It’s the most popular race meeting in the country, seeing over 300,000 visitors every year in June.

Champion Hurdle

The Champion Hurdle is another important race in England. It’s held annually on the opening day of the Cheltenham Festival in March. It is a Grade I National Hunt hurdle race open to horses four years of age or older. The race always takes place at the Cheltenham Racecourse, which has eight hurdles and a turf surface.

Epsom Oaks

The Epsom Oaks is a Group 1 flat horse race and one of the five Classics. It’s open to fillies of three years of age and is held at the Epsom Downs racecourse in England every year. Established in 1779, it’s the second-oldest race in the five classic races, preceded only by the St Leger.

horse racing rider competing in a championship

1000 Guineas

The 1000 Guineas horse race is also a Group 1 flat horse race in England, held annually at the Rowley Mile racecourse in England. It’s open to three-year-old fillies and typically takes place between April and May, after the 2000 Guineas Stakes races. This race is also one of the UK’s classic races and one of the only two open only to fillies.

2000 Guineas

The 2000 Guineas is an annual race in the same category as the previous race, but it’s open to thoroughbred colts and fillies. The race is held on the same course as the 1000 Guineas and typically takes place in early May. It’s also one of the classics and the opening leg of the Triple Crown series of races.

Glorious Goodwood

The Qatar Goodwood Festival, popularly known as Glorious Goodwood, is an important five-day festival in the British flat racing season. It takes place on the Goodwood racecourse in Sussex. The schedule includes the Goodwood Cup, the Qatar Sussex Stakes Day, the Qatar Nassau Stakes & Ladies’ Day, the King George’s Day & Magnolia Cup, and the Stewards’ Cup Day on the last day.

Prix de l’Arc de Triomphe

The Prix de l’Arc de Triomphe is a French Group 1 flat horse race open to thoroughbreds three years or older. It’s held at the Longchamp racecourse in Paris on the first Sunday of October every year. It was inaugurated in 1920 and is considered the most prestigious horse race in its category.

Irish Derby

The Irish Derby is an Irish Group 1 flat horse race for three-year-old colts and fillies. It’s always scheduled to take place between June and July at the Curragh racecourse in County Kildare, usually four weeks after the Derby Stakes. It was first inaugurated in 1866 and is a major betting event for Irish horse racing fans.

How to Bet on Horse Racing with Betiton Canada?

Follow the steps below to place your first bet at Betiton Canada:

  1. Create your Betiton Canada account (unless you’re already a member).
  2. Find the horse racing category in the sports list on the left-hand side of the page.
  3. Choose the race you want to bet on.
  4. Add your bet to the bet slip by clicking on your chosen selection.
  5. Enter your stake and review your bet slip before clicking Place Bets to submit your bet.
competing horse

Horse Racing Live Betting Odds at Betiton Canada

Live betting on horse racing is a more interactive type of betting that involves placing a wager during a horse race. You can engage in live horse racing betting throughout the race, but the markets are only available briefly. This means you must place bets quickly because races are only a few minutes long, but keeping an eye on the latest odds is important.

While live horse racing betting in Canada can be exciting, the returns from in-play betting are typically smaller.

Betiton Canada Horse Racing Betting Offers

You can find the best horse racing betting offers on Betiton Canada’s promotions page. One of the betting offers you’ll be eligible for is the Sports Welcome Offer. This bonus gives you a $10 free bet when you deposit and wager at least $15 on any sport.

If you’re not a new member, you can still get a chance to grab rewards and bonus offers in our exclusive Loyalty Program.

Terms and conditions apply to all offers, so be sure to read them.

horse race championship

Betiton Canada Horse Racing Betting Tips

Betting on the races can be exciting for fans of the sport, but it can also be challenging because it’s a very unpredictable sport. Here are some expert tips for betting on horse races and building a solid horse racing betting strategy:

  • Use the live streaming feature: If you’re betting live, you can live stream the race on our platform to facilitate your betting decisions.
  • Choose the right betting site: To get the best odds and user experience, bet at a licensed and reliable horse racing betting site in Canada like Betiton.
  • Do your research: Look at each horse’s past performance and analyze how they’ve performed in different conditions and race distances.
  • Factor in influencing factors: The horse’s form, the track conditions, and the weather forecast on race day can all impact how horses perform.
  • Manage your bankroll: Set a budget for your horse racing bets and start with smaller bets rather than risking everything on a single bet.
  • Bet responsibly: Never chase your losses; stick to your strategy and budget regardless of the results.
  • Understand the race format and rules: Familiarize yourself with the basic horse racing betting terms to understand what you’re betting on.

Best Online Horse Racing Betting System

The best horse racing betting systems are great for identifying the most likely outcomes of horse racing. However, no betting system can guarantee a consistent return. There are always risks associated with horse race betting in Canada, so it’s about finding a betting system that fits your budget and betting style.

One of the most popular betting systems is to bet on your favorite horse consistently. While it doesn’t guarantee you’ll win, it’s one of the safest ways to bet on the races.

Another betting system popular for horse racing is to stick to place bets that give you more leeway with your predictions. This involves picking a horse to finish in first or second place, which is relatively less risky than trying to predict the winner.

Top 10 Best Racehorses in 2025

🏆 Ranking🐎 Racehorse📌 Win %
1️⃣Mystik Dan33%
2️⃣National Treasure100%
3️⃣Sierra Leone50%
4️⃣Seize the Grey50%
5️⃣Thorpedo Anna100%
6️⃣Dornoch50%
7️⃣Catching Freedom40%
8️⃣Muth100%
9️⃣Adare Manor67%
🔟First Mission67%

Rules of Horse Racing Betting Explained

If you’re interested in trying horse racing betting, knowing the rules of the sport inside out is crucial. Below, we’ve summarized the most important horse racing betting rules to keep in mind:

  • Horses must start the race from the starting gate or stall. False starts can lead to the horse and jockey being disqualified.
  • Horses are categorized by their age to ensure fairness in a competition. For example, the Epsom Derby is only open to colts and fillies that are three years old.
  • Each horse is given a number in the race to facilitate betting on them. The number is usually the same as its post position.
  • If the same jockey owns multiple horses in a race and you want to bet on one of them, you’ll automatically be betting on all of them for fairness.
  • The post time refers to the time horses arrive at their post before the race begins. The horses are released from their gates at the same time.
  • The distance in horse races varies according to the competition and the track used.
  • Riders must follow specific rules according to the race and are not allowed to veer from the prescribed course.
  • To win a horse race, the jockey must complete the course and cross the finish line, including jumping over any hurdles or fences on the track.

What Is Virtual Horse Racing Betting?

Virtual horse racing is a computer-simulated type of horse racing that uses a random number generator to generate the results of the race. In other words, it’s not a race between real horses and jockeys but an entirely random virtual version.

While real horse racing can be predicted to an extent by researching and looking at expert predictions, virtual horse racing is 100% random and unpredictable. This means that although virtual horse racing betting odds indicate a favorite and an underdog, the results are, in fact, random.

One of the advantages of virtual horse racing is that you can find virtual races happening 24/7, so there’s always something to bet on. Plus, you don’t need a betting system or strategy since it’s all random and based on luck.

Responsible Gambling

At Betiton Canada, responsible gambling is the backbone of everything we do. We provide resources, information, and tools to ensure you can enjoy betting on horse racing safely. When betting on any sports on our platform, it’s important to remember the principles of responsible gambling. This means setting limits on the time and money you’re allowed to spend on betting, activating reality checks, and using the cool-off or self-exclusion options if needed.

Ultimately, remember that sports betting, like horse racing betting, should be fun and entertaining.

Frequently Asked Questions

How does horse race betting work?

Horse race betting involves placing a wager on a horse to win or place in a race. You’ll need a betting account at an online sportsbook offering horse race betting, such as Betiton Canada.

How does each way betting work in horse racing?

An each-way bet in horse racing is two bets in one. You’re placing one bet on your selection to win and another on your selection to place.

What do places mean in horse betting?

In horse race betting, “places” refer to the finishing positions qualifying for a pay-out, typically the second and third places.

What is lay betting in horse racing?

Lay betting refers to betting on a horse not to win, unlike the usual way of betting, where you predict which horse will win.

What does post time mean in horse racing?

The post time refers to when the race is scheduled to start and when the horses should be positioned at the starting gate.

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