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pros
  • $50 Referral Bonus
  • Great Selection of Deposit Options
  • Plenty of Betting Options including Exotics
cons
  • No Parlays or If-Bets

BetOnline Racebook Review

BetOnline has been a prominent name in the online betting industry since 2001 and continues to grow; especially when it comes to their sportsbook and racebook. Their racebook is one of the best in the business with up-to-post betting and offers a long list of track listings. BetOnline Racebook is a fantastic option for those looking to wager on thoroughbred and harness races from all major and minor tracks located in the United States and Canada.

There is no shortage of betting options at BetOnline. Bettors are able to place straight wagers of $1 or more on any thoroughbred or harness horse race, along with a variety of exotic options. Types of Exotic wagers offered include: exacta, trifecta, quinella, superfecta, Daily Double, wheeling horses, boxing horses, and coupled horse bets. Unfortunately, BetOnline Racebook does not offer parlay or if-bets, but there are still sufficient options available.

In the case of a scratch, they have a fantastic refund policy for straight bets and most exotics: all exacta, trifecta, superfecta, quinella, win, place and show bets will be refunded in the event of a horse being scratched. Pick 3s, 4s and 6s are not subject to the same refund policy unfortunately.

BetOnline also offers free picks and head-to-head matchups daily. During major races such as Kentucky Derby, Preakness Stakes, Belmont Stakes and the Breeders’ Cup, the quantity of prop bets and futures is much larger and there are far more options than regular race days.

BetOnline offers up to 7% daily rebates for online bets and 4% for telephone wagers for all bets whether they win or lose. There are a few restrictions applied to this rebate: it is unavailable to bets totalling $2.20 or less, bets placed on D and E category tracks, matchup or fixed odds wagers and prop bets.

There are a few bonus options at BetOnline specific to the racebook. Initially, they offer a $25 risk free bet, which essentially will take the risk out of your first horse bet. If you bet $25 and win, this doesn’t affect you, as it is more of a safeguard so you cannot lose. If you lose your first bet, you will be reimbursed that $25 bet once you email their customer service representatives with your ticket number and account number. To withdrawal the free play, there is a six-time rollover requirement. Bets on the Kentucky Derby, Breeders’ Cup, Preakness Stakes and Belmont Stakes are all restricted and the free bet will not be eligible for this promotion, as well as match ups, futures, and prop bets.

If you refer a friend, you are entitled to a $50 bonus, as long as the referred player makes an initial deposit of $50 and rolls it over at least once. There is no limit to the number of friends you can refer, the only restriction is that they cannot live at the same address, or have the same IP address.

Looking to make a deposit at BetOnline Racebook? They have one of the largest selections of deposit and payout options in the industry. Bettors are able to use popular options such as credit cards, Skrill, Neteller and Bankwire transfers, along with less common options such as Money Orders, Bitcoin, Cheque, and Book to Book transfers. BetOnline is also very timely with updating accounts. After the race, accounts are updated to reflect winnings usually within five to ten minutes of receiving the final race result.

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