Pool betting has emerged as a popular form of horse racing betting recently. It’s a simple concept – bets from multiple bettors are placed together to create a larger pot, which is then distributed among the players who wagered on the winning horse.
If you want to dive into the world of pool betting, there’s no better horse racing platform than BetOnline, offering competitive odds, a $1,000 welcome boost, and even a 9% racing rebate promo.
In this article, we will explore the ins and outs of pool betting on horse racing online. We will dive into the benefits of online pool betting and how it has shaped the betting industry.
Want to find out more? Read on!
Best Horse Racing Pool Betting Sites
- BetOnline: Best overall
- Bovada: Most generous bonuses
- BUSR: Variety of horse racing markets
- MyBookie: Best horse racing rebate
- EveryGame: Top option for mobile
- xBet: Best for beginner bettors
- Thunderpick: Best for crypto
- MyStake: Top pick for greyhound racing
- BetUS: Excellent reputation
- SportsBetting.ag: Best contests
Let’s dive in and review the best horse racing betting sites for pari-mutuel betting, shall we?
1. BetOnline – Best Horse Racing Pool Betting Site Overall
Pros:
- $25 horse racing risk-free bet
- 9% rebate daily for racetracks
- Great odds
- $1k sign-up promo
- Launched in 2004
Cons:
- $55 to qualify for the sign-up offer
BetOnline climbs the No. 1 spot on today’s rundown by ensuring an excellent betting experience with plenty of markets and competitive odds and then spicing things up with special horse racing promos like the $25 risk-free wager.
Quality of Markets and Odds: 5/5
At BetOnline, horse racing bettors have ample opportunity to customize their betting strategies, tailoring them to their specific interests. With a vast selection of betting options suitable for all kinds of users, the platform allows for significant adjustments to suit their needs.
Whether it’s through straightforward, parlay, or game props bets, there’s no shortage of options available.
Plus, the live betting option offered by BetOnline allows users to participate in real time. Perhaps essential to the platform is its prop-builder feature, enabling users to generate exciting parlays that cater to horseraces.
Horse Racing Bonuses and Promos: 4.9/5
New users who sign up for BetOnline with the bonus code BOL1000 can score an enticing 50% boost valued at up to $1,000, subject to a $55 min deposit.
Horse racing enthusiasts can enjoy advantages such as a 9% daily rebate for online wagers or a 5% rebate for phone bets. Additionally, users can claim a $25 risk-free bet for their initial horse racing wager placed online.
BetOnline offers various other bonuses, including player props wagers, in-play perks, and reload promos updated regularly to align with current sporting events. One example is LIFEBONUS, for a 25% reload bonus.
Banking Methods: 4.95/5
BetOnline presents various banking options to cater to its users’ needs. In addition to fiat payments through credit cards and wire transfers, the platform accommodates crypto payments through Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Cardano, Tether, and others.
MoneyGram is also available, but a minimum deposit of $100 is required for transactions. The platform guarantees prompt processing of cryptocurrency withdrawals, ensuring seamless transactions in as little as 60 minutes.
Mobile Optimization and Customer Support: 5/5
With BetOnline, users can easily place their bets online thanks to a finely-optimized interface that doesn’t require any app downloads.
Furthermore, their customer support team is accessible 24/7 through email or live chat to deliver expert assistance, providing bettors with a flawless betting experience. And if you want, you can switch between the old and new site design to see just how far this joint has come.
>> $1,000 welcome bonus available [BetOnline]
2. Bovada – Best Welcome Bonus for Horse Racing Pool Betting
Pros:
- In business for 3+ decades
- $750 exclusive crypto bonus
- You can order a custom prop through Twitter
- 30k+ markets in total every day
Cons:
- Late lines in some cases
In case you have some crypto to spare, we warmly recommend using it to claim the exclusive Bovada welcome bonus worth up to $750.
Quality of Markets and Odds: 4.85/5
Looking for a sportsbook that offers a wide variety of betting options can be a daunting task for many, but Bovada is here to make things easier. With over 30,000 daily betting markets, Bovada offers much more than just pool betting on horse races.
The platform also offers in-play betting, early cashouts, and lowered juice. However, it should be noted that some betting lines may be delayed. In addition to all of that, Bovada’s Twitter page enables users to select and share prop bets with a special hashtag, #WhatsYaWager.
Horse Racing Bonuses and Promos: 4.9/5
If you’re passionate about cryptocurrency and sign up with Bovada, you’ll be eligible for a 75% match first-deposit bonus of up to $750 with a minimal 5x rollover requirement, a rare offer that can’t be found easily elsewhere.
If you prefer non-crypto payment methods, you can still earn up to $250 at a 50% match rate. Bovada’s refer-a-friend program is also an added advantage, as users have the opportunity to earn as much as $275 per eligible referral friend.
Banking Methods: 4.9/5
Bovada’s main mode of transaction is through cryptocurrency, although they do offer fiat options as well. The platform allows users to transact using different cryptocurrencies like BTC, ETH, BCH, USDT, and BSV.
When opting for cryptocurrency withdrawals, the processing time is a mere hour. Conversely, transferring funds through regular banks can take up to a full week.
Mobile Optimization and Customer Support: 4.8/5
The Bovada platform delivers a user-friendly and frictionless browsing experience, fully optimized for mobile and desktop devices, with no requirement for software downloads. For any concerns or questions, their live chat customer service representatives are available to provide assistance.
>> Exclusive welcome bonus of up to $750 [Bovada]
3. BUSR – Best Variety of Horse Racing Pool Betting Markets
Pros:
- $150 horse racing boost
- 50+ race tracks available
- $1.5k sports betting welcome promo
- Dedicated crypto promotion
Cons:
- Higher minimum deposit for the welcome bonus
With over 50 tracks covered, BUSR offers the widest selection of markets in today’s industry. Add an exclusive $150 horse racing bonus to the mix, and you get a premium-tier betting site.
Quality of Markets and Odds: 5/5
BUSR is a one-stop shop that covers horse racing tracks both locally and internationally. We are looking at over 50 tracks for racing fans seeking a wide range of markets.
The racing odds are among the best in the industry, and while BUSR is behind BetOnline on markets outside horse racing, it stands out as the heap of the crop in the world of racetracks.
Horse Racing Bonuses and Promos: 4.85/5
Newcomers joining BUSR can activate the phenomenal welcome bonus. After joining, participants can collect a salutation perk of a maximum of $1,500 on their first payment.
To be eligible for this incentive, contenders must make a minimum deposit of $100 and meet a 20x betting condition. What’s more, BUSR provides exclusive welcome offers for fans of horse racing, presenting them with an additional $150 bonus. And then there’s the $100 crypto promo with 1x wagering.
Banking Methods: 4.75/5
Making a deposit at BUSR is effortless, as there are various options provided, including banking cards and BTC deposits.
Additionally, opting for digital currency deposits could result in a less costly transaction fee and quicker processing time for withdrawals, which may even be completed within a few hours.
Mobile Optimization and Customer Support: 4.8/5
Mobile horse racing betting is easily accessible with BUSR. All smartphone and tablet users can enjoy a hassle-free experience, assisted by a 24/7 customer support team available through live chat, email, or phone if necessary.
>> $1,500 sign-up offer [BUSR]
4. MyBookie – Best Horse Racing Rebate Bonuses for Pool Betting
Pros:
- 8% rebate on horse wagers
- Top-notch variety of prop bets
- $1,000 sign-up offer
- 250+ casino games on the site
Cons:
- Design could use an update
MyBookie is another solid contender, offering an 8% rebate on all horse wagers. This is particularly useful to beginner bettors.
Quality of Markets and Odds: 4.7/5
MyBookie delivers the goods with an impressive selection of prop betting options applicable to all major leagues.
In addition to its competitive prop coverage, MyBookie stands out from the competition with coverage of over 25 racetracks, becoming the perfect bettor’s toolkit for horse racing enthusiasts.
Though BUSR may hold a slight advantage in this sector, MyBookie sweeps the market by providing a comprehensive range of racetrack options, including rarities like South African horse racing.
Horse Racing Bonuses and Promos: 4.8/5
Members of MyBookie are eligible for an array of extra goodies, which includes a 50% match bonus for their first deposit to a max of $1,000. Additional benefits comprise an 8% rebate on horse racing, a 25% sports reload bonus, along with an endless 200% referral promotion.
To avail of these sign-up rewards, deposit a minimum of $50 and meet the ten times wagering obligation, which is the industry standard.
For those preferring cryptocurrency betting, a 35% crypto reload bonus is accessible, going up to $350. Whether you want to bet on Grand National or anything else, these are some excellent bonuses to consider.
Banking Methods: 4.7/5
MyBookie provides its clients with a range of banking choices that include the traditional fiat currency and Bitcoin.
Besides, users can use banking cards, as well as MoneyGram, for seamless transactions. The platform seeks to cater to crypto enthusiasts by supporting alternative coins such as Cardano, Ethereum, Bitcoin Cash, Solana, and even the Shiba Inu coin.
Mobile Optimization and Customer Support: 4.5/5
MyBookie provides a smooth mobile wagering platform devoid of any navigational or technical disruptions that may lead to confusion, despite its outdated website appearance.
Additionally, their customer service can be accessed around the clock through live chat or email. We recommend using the chat because the answers are significantly faster (you’ll still receive a reply within 24 hours if using email, though).
>> $1,000 welcome offer [BUSR]
5. EveryGame – Best Mobile Horse Racing Pool Betting Site
Pros:
- $150 welcome bonus
- 100% mobile optimized
- Quality in-play betting options
- Special parlay promos
Cons:
- Mediocre market variety
As more people are placing bets on their mobile phones and tablets, we figured to single out EveryGame for its exceptional mobile optimization.
Quality of Markets and Odds: 4.5/5
EveryBet presents an extensive selection of sports classifications, featuring over 20 tracks for staking. Despite not being on par with other web-based betting platforms in terms of figures, EveryBet procures remarkable ratings as a result of its advantageous wagering odds.
Not to mention, the in-play betting options are flawlessly incorporated, ensuring a stress-free and engaging betting venture as the events unfurl.
Horse Racing Bonuses and Promos: 4.75/5
EveryBet provides a unique registration deal that consists of a three-level deposit bonus of up to $150, with just a 4x wager requirement. Customers can enhance their first 3 deposits by taking advantage of this promotion. Each time you fund your account, you receive a 100% match boost worth up to $50.
And then there are the Parlay Free Bets, where twenty $50 free bets are drawn. To be eligible for the draw, your parlay bet must have lost because of a single incorrect tip.
Banking Methods: 4.6/5
To ensure secure all types of money transactions, EveryBet offers multiple ways to deposit and withdraw funds, such as conventional banking options and digital currencies such as Bitcoin, Ethereum, and Litecoin.
As for cryptocurrency withdrawals, the processing time may take up to 48 hours. Though this timeframe is slightly longer compared to some of the top crypto betting websites, it is still a reasonable duration. As usual, fiat payouts require days, if not a whole week.
Mobile Optimization and Customer Support: 4.65/5
The interface of EveryBet is designed in a sleek and contemporary way, ensuring that users can easily navigate the user-friendly platform.
EveryGame is also one of the best horse racing betting sites for mobile users. The navigation on all Android and iOS smartphones and tablets is seamlessly integrated so that you can enjoy all the markets and functionalities of the desktop version – with no app downloads required whatsoever!
>> $150 in bonus up for grabs [EveryGame]
How We Ranked Horse Racing Sites for Pool Betting
Quality of Markets and Odds:
When ranking horse racing bookies for pool betting, one of the most important factors we considered was the quality of markets and odds. We analyzed available odds for various races and compared them to other betting sites in the market. We also looked at the variety of markets on offer, including win/place bets, quinellas, trifectas, and more.
Horse Racing Bonuses and Promos:
Another key factor we considered was the promotions and bonuses offered by each bookmaker. We looked at welcome bonuses, loyalty programs, and ongoing promotions specifically tailored for horse racing fans. Additionally, we considered the terms and conditions of each promotion to ensure that they were fair and transparent.
Banking Methods:
It’s important for a bookie to offer a wide range of banking methods, including various forms of deposit and withdrawal options. We looked at the speed of deposits and withdrawals, as well as any fees associated with each method. We also checked if the betting platforms accepted popular payment methods like credit cards, e-wallets, and cryptocurrency.
Mobile Optimization and Customer Support:
We analyzed the quality of a mobile platform, along with its customer support services. We checked whether the bookie had a user-friendly mobile site with seamless navigation and a fast browsing experience. We tested the efficiency of their customer support services via email and live chat to ensure that the bookmaker provides prompt and satisfactory support to its users.
Why Is BetOnline the Best Horse Racing Site for Pool Betting?
If you are looking for a reliable bookie for pool betting on horse racing, BetOnline is your safest bet. Here are some of the reasons why the site stands out.
- Solid Odds, Plenty of Markets: BetOnline offers competitive odds on horse racing and has a wide variety of markets available to bet on. From big races like the Kentucky Derby to smaller tracks, you are sure to find plenty of options to choose from.
- $1,000 Sign-Up Boost: When you make your first deposit at BetOnline, you can earn up to a $1,000 first-deposit bonus. This bonus is applied as a 50% match rate, giving you plenty of extra cash to place your bets.
- $25 Risk-Free Bet for Horse Racing: If you are hesitant to bet on horse racing, BetOnline has an offer that may entice you. Your first horse racing bet on the platform is risk-free, up to $25. If your bet loses, you will receive a free bet of equal value to try again.
- 9% Daily Rebate: BetOnline offers a daily rebate on all online horse racing bets, receiving 9% back on your total play. If you place your bets over the phone, you will receive a 5% rebate. This can add up to significant savings over time, making BetOnline a great choice for regular horse racing bettors.
Why Should I Place Pari-Mutuel Bets?
Online betting platforms offer a plethora of benefits compared to land-based bookies to take your horse racing betting experience to the next level. Here are just four of the top reasons why you should consider using horse racing betting sites whether you want to bet on Preakness Stakes or anything else.
- Access to More Races: Betting sites give you access to races from all over the globe. Imagine placing wagers on races from Australia, the United Kingdom, or other countries like Sweden and South Koren. The possibilities are endless!
- More Betting Options: Horse racing bookies offer much more than just the fixed-odds betting on the winner of the race. Now, you can also bet on the exact order of the top three horses, or even which horse will make the first move in the race. The options are countless!
- Better Odds: Most betting platforms provide better odds than your local track due to lower overhead costs. That means you can enjoy better payouts and maximize your profits. This applies to simple win odds and even the more exotic bets on any horse race.
Guide to the Best Horse Racing Pool Betting Sites
What Are the Best Horse Racing Betting Sites for Pool Betting?
The 5 best horse racing betting platforms on the 2023 market are:
BetOnline is the best option overall and one of the best fixed-odds bookmakers around. This bookie will also double the money you deposit upon joining the site, going up to $1,000. Speaking of which, Bovada has an excellent 75% match sign-up offer, BUSR offers the widest variety of race tracks, and MyBookie has a cool 8% rebate promo going.
And if you’re looking to bet on a horse race using a mobile device, visit EveryGame.
How Does Horse Racing Pool Betting Work?
Horse racing pool betting is a type of betting where all the bets placed go into a pool. The pool is then divided among the winning bets after deducting a percentage for expenses and taxes.
In this type of betting, odds are not fixed and can change based on the amount of money being wagered on a particular horse or outcome.
For example, if a large number of people bet on a particular horse, its odds of winning will decrease, and the payout will be less if it wins. On the other hand, if the betting is low on a horse, its odds of winning will increase, and the payout will be higher if it wins.
There are different types of pool betting in horse racing, such as Win, Place, Show, and Exacta. In Win betting, you bet on which horse wins. Place betting involves betting on a horse to finish first or second.
Show betting is betting on a horse to finish first, second or third. Exacta betting is selecting two horses to finish first and second in a specific order. A two-horse exacta box bet is an interesting variant that works like quinella that covers both outcomes of the two horses finishing first and second.
What is Pari Mutuel Betting?
Pari-Mutuel betting is a system of betting used in horse racing, greyhound racing and jai alai. Instead of betting against a bookmaker, people place their wagers in a pool. The odds of each wager are determined based on the pool size and the number of bets placed on each horse.
Once the race begins, the win pool is divided among the winning bets after deducting the track’s commission. Pari-Mutuel betting is considered fairer than traditional betting because the odds are determined by the betting public rather than a bookie.
Are you in the United Kingdom? Check out this article then:
Comparing the Top 5 Horse Racing Pool Betting Sites
BetOnline: This is the best online betting site for horse races (and greyhound racing, too), offering the best odds, daily rebate, and a $1,000 welcome bonus for all sports wagers.
Bovada: Looking for the most generous promos? Sign up at Bovada and claim the best sign-up promotion in the industry. As long as you use crypto, your initial deposit will be boosted at a 75% match rate, going up to $750.
BUSR: With over 50 racetracks covered, BUSR offers the widest betting pool and plenty of wagering options. Also included in the mix is a $150 exclusive horse racing promo.
MyBookie: MyBookie covers over two dozen race tracks and offers a sweet 8% rebate. New customers receive a $1,000 welcome bonus on their first deposit.
EveryGame: The top pick for mobile horse racing wagers. New customers are eligible to score up to $150 in welcome bonus money as their first three deposits are boosted at a 100% match rate, each going up to $50.
Thinking of betting on other industries? Check out our previous predictions below:
How to Join a Horse Racing Betting Site and Place Pool Bets
Becoming a member of a horse racing betting site couldn’t be easier these days. This is how it’s done at BetOnline, our top pick for today.
1. Sign Up for a New Account
- Head over to BetOnline and hit the sign-up button.
- Enter all the info that’s needed in the sign-up form.
- Click Register.
2. Account Verification
- You’ll receive an SMS from BetOnline.
- Copy the code from the SMS and enter it on the website.
- Log in to your new account.
3. Claim Your Welcome Bonus & Start Horse Racing Pool Betting
- Set your payment option at the BetOnline cashier.
- Deposit $20 or more.
- Grab the sign-up bonus (it goes up to $1,000).
- Click on the Racebook section from the top menu, pick your race tracks, and place bets!
Tips & Tricks for Pool Betting on Horse Racing
Pool betting on horse racing can be thrilling, but it can also be overwhelming for beginners. To help you get started, here are some tips and strategies to keep in mind.
- Research the Race Beforehand: Before placing any bets, take the time to research the race. Look for information on the horses, jockeys, and the track. This will help you make informed decisions and increase your chances of winning.
- Consider Different Types of Bets: Don’t limit yourself to just one type of bet. Experiment with different options like the win bet, place bet, and show bet. Each type of bet has its own set of potential outcomes and payouts, so be sure to explore all the possibilities.
- Don’t Always Bet on the Favorite: While the favorite horse may seem like the obvious choice, it’s not always the best bet. Don’t be afraid to take a chance on an underdog. Look for horses with good track records or those that are in top form leading up to the race.
- Set a Budget: It’s easy to get caught up in the excitement of pool betting, but it’s important to set a budget beforehand to avoid overspending. Determine how much you’re willing to lose and stick to that amount. Remember, gambling should be fun, not a financial burden.
So, Are You Ready to Start With Horse Racing Pool Betting?
We believe we have covered everything here! We’ll say once more that BetOnline is the best horse racing site around, offering highly competitive Pari-Mutuel and fixed-odds betting lines and a sweet $1,000 welcome promo.
Other bookies we warmly recommend are Bovada, BUSR, and MyBookie, among others.
Whether you bet on the Kentucky Derby or obscure racetracks, stick to responsible online gambling, and you’re bound to have a good one.
DISCLAIMER: 21+ only. The information on this site is for entertainment purposes only. Online gambling comes with many risks. Players are advised to gamble responsibly and only use funds they can afford to lose. Remember, gambling is only intended for entertainment purposes and is not a solution to any financial difficulties.
Gambling laws and policies vary from one region to another. Some sites mentioned in this review may not be accessible in your area. Always do your due diligence and check your local gambling policies. It is always better to be safe than sorry.
If you suspect you’re becoming addicted to gambling, seek help immediately by contacting the National Gambling Helpline at 1-800-522-4700.
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