10 Best Horse Betting Sites in Canada [2024]

While Canada might not have any horse races as prestigious as the Kentucky Derby or as legendary as the Grand National, that doesn’t mean the sport isn’t hugely popular up north.

The best horse betting sites in Canada prove just how passionate Canadian handicappers are about the ponies.

Bodog, for example, features extensive horse race track coverage from across the globe. And it’s C$400 welcome bonus doesn’t hurt either.

If you want to learn about the other ten bookies worth checking out (and maybe pick up a few hot tips along the way), read on.

Best Horse Betting Sites in Canada

The following section will dive deep into the top-ranked horse racing betting sites. We will cover the horse racing odds, market variety, risk-free bets, and more.

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1. Bodog – Best Horse Racing Betting Site in Canada Overall

Pros:

• Fantastic Kentucky Derby futures
• Loads of horse markets
• In industry since the mid-’90s
• C$400 welcome offer + 50 free spins
• Virtual horse racing is available

Cons:

• Could use e-wallet banking
• Would benefit from a visual overhaul

Bodog gets to kick this one off as the best horse racing website in Canada right now, stacked with international racetracks, great odds, and a C$400 sign-up boost.

Variety of Horse Races + Odds: 5/5

The site boasts a remarkable assortment of racing tracks, including several esteemed Irish locations such as Cork, known for the prestigious Group 3 Munster Oaks. And, of course, you can bet on iconic tracks like Kentucky Derby, Preakness Stakes, Belmont Stakes, and more.

The track selection also includes Kawasaki, one of Japan’s leading horse racing venues, which hosts the well-known Super King Night Race. And if virtual horse racing is your thing, that’s also available.

Bonuses and Promos: 4.9/5

You can begin your journey on Bodog with just a C$10 deposit. This will unlock a 100% match bonus on your first deposit, up to C$400, amplifying your betting potential. You’ll also receive 50 free spins to try your luck on the crowd-favorite Gods of Luxor game.

Banking Options and Payout Speed: 4.95/5

Bodog’s usual 24-hour withdrawal processing is among the best in the industry. The site eliminates transaction fees for digital currencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Bitcoin SV, and Tether (USDT).

While there’s potential for Bodog to extend its e-wallet selection, in our opinion, the available cryptocurrency choices make up for it.

Not limited to digital currencies, Bodog also supports Canadian gamblers by taking conventional payment methods such as Visa and MasterCard, along with the locally favoured Interac.

2. MyStake – Canadian Horse Betting Site with the Best Race Track Coverage

Pros:

• Live streaming of races available
• C$500 sign-up bonus
• 3+1 Free Bet promo
• Available in French too
• Widest range of horse races

Cons:

• Still new in the industry
• Cluttered web design

If you want the widest variety of horse racing betting online markets, visit MyStake, claim the C$500 welcome offer, and enjoy hundreds upon hundreds of horse races at any moment.

Variety of Horse Races + Odds: 4.9/5

MyStake offers impressive horse racing betting odds, especially for the Kentucky Derby and the Grand National. Their odds are consistently competitive across all their horse racing betting markets.

The international track selection at MyStake is quite diverse, encompassing traditional and less frequented locations. Over 50 race tracks from the US and UK are included, of course, but so are tracks from Uruguay, Panama, Singapore, and more.

Particularly noteworthy are their UK tracks, which feature Thirsk, Ascot, and New Market, among others.

Bonuses and Promos: 4.8/5

To be considered for MyStake’s enticing offer of a 100% match bonus on your first deposit up to C$500, you must sign up as a new user and deposit at least C$20. After making your deposit, you’re given a 30-day timeframe to meet the bonus requirements to cash out.

One of these conditions is placing bets on at least two events through the platform, each with odds of 1.4 or higher.

Banking Options and Payout Speed: 4.9/5

MyStake welcomes traditional payment methods, such as Visa and MasterCard, and modern alternatives like Bitcoin. Regardless of your chosen payment method, the platform ensures a smooth transaction process for easy account top-ups.

The site also includes support for Interac. In addition to Bitcoin and popular altcoins like Ethereum, the site also supports the privacy-focused coin Monero.

3. Cloudbet – Best Canadian Horse Racing Betting Site for Crypto

Pros:

• 30+ crypto coins
• $500k bet limits
• 5 BTC sign-up deal
• Super-smooth navigation
• Near-instant payouts

Cons:

• Bonus available in increments only
• Not the best option for fiat banking

With full support for about 3 dozen crypto coins, no transaction fees, and a 5 BTC bonus, Cloudbet is the No. 1 horse racing betting platform for cryptocurrency users.

Variety of Horse Races + Odds: 4.75/5

CloudBet covers international venues, including the US, France, UK, Sweden, and Germany. Events on the esteemed Canadian Woodbine racetrack are also a part of the offerings, as is the Gainford Group Ladies Day.

The wagering odds provided by CloudBet on prominent UK tracks such as Fairview and Newcastle are particularly praiseworthy. Their betting margins of 2% set them apart from the industry norm of approximately 10%. Good stuff!

Bonuses and Promos: 4.65/5

For those starting their online betting journey, Cloudbet offers an opportunity to earn a bonus of up to 5 BTC on their initial deposit.

Understanding the terms of this bonus is key. The funds will initially be locked in your account unavailable for immediate withdrawal. However, Cloudbet provides a generous one-year period to unlock this bonus incrementally through your sports betting activities.

One of the highlight features of Cloudbet is its zero-margin sports betting promotions. These are available for selected games from some leading sports leagues worldwide.

Banking Options and Payout Speed: 4.7/5

Cloudbet primarily deals with cryptocurrencies and processes withdrawals within a few minutes to 12 hours. It’s one of the fastest payout Canadian casinos that transacts quicker than standard banking procedures.

On the other hand, the platform’s acceptance of a wide array of digital currencies is noteworthy. From Bitcoin, Ethereum, and Bitcoin Cash to over 30 other cryptocurrencies, Cloudbet embraces a diverse range.

4. BetOnline – Best Horse Racing Betting Bonuses in Canada

Pros:

• $25 horse racing free bet
• 9% horse racing rebate
• $1,000 welcome bonus
• Live streaming capabilities
• 15+ crypto banking methods

Cons:

• Fees on credit card transactions
• Could add more betting markets

Operational for over 20 years, BetOnline is up next as one of the best-designed horse racing betting sites, packed with top sports betting bonuses in Canada.

Variety of Horse Races + Odds: 4.7/5

Some of the notable horse racing tracks available at BetOnline include the Emerald Downs and Ascot. It also provides races from various countries, including the US, the UK, and South Africa. The Woodbine Racetrack, Canada’s leading racing venue, is also in the mix.

And yes, Belmont Stakes and Kentucky Derby are also readily available. BetOnline offers solid horse racing odds, albeit not quite on par with Borgata.

Bonuses and Promos: 4.85/5

BetOnline offers more than 10 bonus bets in diverse categories and has a little something for horse bettors. This includes a $25 horse racing risk-free bet and a 9% horse rebate.

As for the site’s classic welcome offer, all new users can claim a 50% match first deposit bonus that can reach up to $1,000.

To take advantage of this offer, use the promo code BET1000. A deposit of at least $55 is also required, and payments made through Skrill or Neteller do not qualify for this promotion.

Banking Options and Payout Speed: 4.45/5

BetOnline sets itself apart by swiftly processing payouts. While cryptocurrency transactions are typically cleared within a day, other withdrawal methods can take up to three days.

However, due to the 9.75% fee applied to credit card users, it is more advantageous to opt for cryptocurrencies.

Among BetOnline’s offerings are nearly two dozen deposit methods, including popular cryptocurrencies such as Bitcoin and Ethereum, less common altcoins, and several stablecoins.

Depending on the chosen method, the minimum deposit generally sits at $20. Conversely, the maximum withdrawal limits can fluctuate greatly, ranging from $5,000 to a substantial $500,000 for Bitcoin users, depending on the option selected.

5. Mr Play – Best Canadian Sportsbook for Live Betting on Horse Races

Pros:

• Fantastic live wagering interface
• Cash-out feature
• C$200 welcome deal
• Competitive parlay bets
• Bonus is valid for live bets

Cons:

• Does not support cryptocurrencies
• Lower market count

If live wagering is your thing, head over to MrPlay and enjoy a fantastic live betting interface combined with a C$200 welcome offer that applies to live wagers.

Variety of Horse Races + Odds: 4.6/5

Showcasing a variety of tracks from around the world, Mr Play includes not just famous and large-scale tracks like Cheltenham and Aintree but also intriguing lesser-known ones such as Greyville in South Africa.

It provides competitive wagering odds and caters to horse racing fans eager for high-stakes events like the Triple Crown Races, including the Kentucky Derby, the Belmont Stakes, and the Preakness Stakes.

Moreover, Mr Play extends its coverage to encompass a number of notable horse races from Australia and New Zealand.

Bonuses and Promos: 4.55/5

Mr Play Sports greets new members with a deposit bonus that matches 100% of their first deposit, capped at C$200.

The platform also offers the Playboost promotion, which favors those who place a 4-game accumulator bet with selections at odds of 1.5 or above.

Mr Play Sports incorporates the Cash-Out feature too. This function empowers gamblers to claim a part of their potential winnings prior to the end of an event, granting them more authority over their betting pursuits.

Banking Options and Payout Speed: 4.7/5

Despite being a top-tier betting website that supports Mastercard, Mr Play has a significant limitation – it does not accept cryptocurrency deposits. However, it offers various other payment options, such as Interac, AstroPay, MuchBetter, and Paysafecard.

Furthermore, other methods, including bank transfers, can also be employed for fund deposits and withdrawals. To initiate betting at Mr. Play, a modest starting deposit of at least C$10 is required.

How We Ranked Online Horse Racing Betting Sites in Canada

Horse Racing Betting Markets + Horse Racing Odds

We know you’re not looking for the standard win, place, or show bets. You want exotic wagers, future bets, and more – plus international horse racing events coverage. Also, you are looking for competitive odds that can maximize your potential winnings.

Bonuses and Promos

We also considered the quality and variety of bonuses and promotions offered by these horse racing betting sites, covering welcome bonuses, risk-free bet deals, cash-back promos, and more. Canadian online casinos and sportsbooks that provide generous and fair offers scored higher in our rankings.

Banking Options and Payout Speed

As a Canadian bettor, you want a variety of secure and convenient payment methods to choose from. Plus, there’s nothing worse than having to wait ages to receive your winnings. Therefore, betting sites with diverse banking options and quick payouts were given priority.

Why Is Bodog the Best Horse Racing Betting Site in Canada?

Let’s briefly discuss how Bodog managed to climb the very top of our list of best horse racing sites. Check it out!

• Juicy Odds: Whether you’re wagering on Belmont Stakes or less-known South African horse races, Bodog delivers some of the juiciest betting odds just about every time. Live betting is also available.
• Reputation Stretching Back 30 Years: The team behind Bodog has been in the sports betting industry since 1994, building up a reputation not many can say they have.
• $400 Welcome Bonus: Your initial deposit on the site is doubled, granting you up to $400 in welcome bonus money plus 50 free spins to spend at the online casino.

Why Should I Enjoy Betting on Horse Racing Online?

Seeing a race unfold before your eyes gives you a different sense of thrill, but if you want in on the action, the best way to do it is with online racebooks. Here’s why:

You Can Expect Better Odds

Online betting platforms often have better wagering odds than traditional bookmakers. This is primarily because they have lower overhead costs and can afford to be more generous with their odds.

Furthermore, with access to a global market, you have the opportunity to shop around for the best odds available for each horse race.

There Are More Markets to Bet On

Horse betting online gives you access to a wider range of markets, not just in Canada but across the globe. This includes not only major races like the Kentucky Derby, Preakness Stakes, Belmont Stakes, and Melbourne Cup but also smaller, local races in other countries. More markets mean more opportunities to find value bets.

You Can Grab Better Bonuses

Horse racing betting sites offer bonuses and promotions to attract and retain customers. Many Canadian online gambling sites offer a match bonus on your first deposit, doubling your initial bankroll. Others might offer free or risk-free bets where your stake is returned if your bet loses.

It Gives You Access to Advanced Data and Tools

Online betting platforms often provide a wealth of data and tools to help you make informed betting decisions.

This could include detailed form guides, jockey and trainer statistics, track conditions, and even predictive algorithms. Having this information at your fingertips can give you a significant edge over other horse racing enthusiasts.

Horse Racing Betting Terms You Should Know

Let’s take a look at some essential terms that’ll help you bet horse racing online.

• Across the Board: A bet on a horse to win, place, and show. If the horse wins, you collect on all three bets. If it places, you collect on place and show bets. If it shows, you collect on the show bet.
• Boxed Bet: A bet where you choose multiple horses, and you win if any combination of your horses finishes in the top spots.
• Daily Double: A wager where you pick the winners of two consecutive races.
• Exacta: A bet where you predict the first and second-place horses in exact order.
• Furlong: A unit of distance in horse racing, equivalent to one-eighth of a mile.
• Handicap: A race where weights are assigned to horses based on their ability to even the field.
• In the Money: A term used to describe a horse that finishes in the top three (win, place, or show).
• Long Shot: A horse that is not expected to win and has high odds.
• Maiden: A horse that has never won a race.
• Odds-On: A term used when a horse is considered very likely to win, and the potential winnings are less than the amount wagered.
• Pick 6: A wager where you pick the winners of six consecutive races.
• Quinella: A bet where you predict the first and second-place horses, in any order.
• Superfecta: A wager where you predict the first, second, third, and fourth place horses in exact order.
• Trifecta: A bet where you predict the first, second, and third place horses in exact order.
• Underlay: A horse that is offering lower odds than its perceived chances of winning.
• Win, Place, Show: The three most common horse racing bets. A win bet is on a horse to win the race, a place bet is on a horse to finish first or second, and a show bet is on a horse to finish first, second, or third.

Guide to Online Horse Betting in Canada – FAQs

Is Online Horse Racing Betting Legal in Canada?

Absolutely, online horse racing betting is fully legal in Canada. It’s regulated at federal and provincial levels to ensure fair play and protect bettors.

However, it’s critical to place bets with legitimate and recognized horse racing sites like Bodog to stay on the safe side.

Are Horse Racing Betting Sites Safe?

Yes, they are, provided you choose reputable and licensed platforms like Bodog and BetOnline. These Canadian betting apps and sites use advanced encryption technology to secure your data.

They also adhere to strict regulations on fairness and transparency, making them a safe choice for your betting needs.

What’s the Best Type of Horse Racing Bet?

For beginner horse racing bettors, Win, Place, and Show bets are straightforward and less risky. For more experienced bettors, Exacta, Trifecta, or even Superfecta bets offer higher payouts but come with increased risk due to the difficulty of predicting precise finishes.

Comparing the Top 5 Sites for Horse Racing Betting in Canada

Bodog: As the best horse race betting website overall, you’ll find the best odds and covers many of the obscure and prestigious horse racing events. Claim up to C$400 welcome bonus.

MyStake: The widest range of events in the horse racing calendar, from obscure harness racing markets to major events like the Kentucky Derby. You can receive up to C$500 in bonus money.

Cloudbet: This is the No. 1 option for betting on horse racing with crypto. All newly registered bettors can claim up to 5 BTC in welcome bonus cash.

BetOnline: The best horse racing betting promos in the industry, including a 9% horse racing rebate and a $25 horse racing risk-free bet. Get up to $1,000 bonus when you join.

MrPlay: Our favourite horse racing betting website for live betting, allowing you to place bets as the race is on. New users are eligible to claim up to $200 in welcome bonus cash.

Tips and Strategies for Online Horse Race Betting in Canada

Horse racing betting in Canada is a game of intelligence, strategy, and, of course, a little bit of luck. Here are some advanced tips and strategies that experienced horse racing bettors regularly use.

• Mastering the Art of Handicapping: Handicapping is not just about picking the fastest horse; it’s about analyzing all the variables that could affect the outcome of a race. Diving into past performances, track conditions, and even horse pedigrees can give you an edge over others.
• Harnessing the Power of Value Betting: Value betting isn’t about picking the favorite; it’s about finding horse racing odds that are better than they should be. If you think a horse has been underrated by the bookies, that’s where you’ll find value, and potentially profit.
• Spreading the Risk with Multiple Bets: Instead of going all-in on one horse race, spread your bets across several races. This diversifies your risk and gives you more opportunities to win. It’s like playing the stock market – you wouldn’t put all your money in one stock, would you?
• Embracing the Element of Surprise: Expect the unexpected. In horse racing, anything can happen. A longshot could surge ahead, or a favorite could falter. The ability to adapt your strategy to these surprises could be the difference between a good day and a great one.
• Join Several Horse Racing Gambling Sites: By registering an account at multiple sports betting sites in Canada, you will be able to claim multiple welcome bonuses and compare the odds and variety of horse race betting markets. Not one bad thing about it!

Time to Bet on Horses at Top Canadian Racebooks Online!

We hope our horse racing betting guide was useful because the time has come to start horse racing betting online!

Again, Bodog is the best site for betting on horse racing online, offering competitive odds, plenty of markets, and a bonus for new horse racing punters joining the site.

Whichever sports betting site you join, please bet on horse racing events responsibly. Never wager more than you can afford to lose, and always have fun!

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