Last updated on May 3rd, 2023

Horse Betting – What You Must Know

Horse racing is one of the hidden gems in sports betting. This event generates fanfare among enthusiasts and bettors, especially high rollers. Hence, understanding horse betting should top your list if you want to step above the regular games. This sport spans centuries, and it carries several winning opportunities. Many horse racing betting apps are available to get you started on the sport. However, it is best to understand how the bets and odds work before jumping in on the excitement. This brief piece will explore horse betting, including essential terms prevalent in the sport. We’ll begin with the best bookmakers for wagering on the sport to give you a foothold and prepare you to wager.

Top Sports Bookmakers for Horse Racing

The first step to placing wagers on this event is getting on the right platform. We have a list of horse racing betting sites ready to go, but let’s explain what you should expect. These platforms distinguish themselves from average ones by offering premium features.


  • Has a statistics feature to learn about past performances
  • New players can use the “Bet Mentor” to get suggestions.
  • Live scores are available for games.
  • Has a broad sports betting market.
  • The deposit methods have zero transaction fees.
100% match bonus
up to ₦100,000
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  • Mobile friendly online sportsbook
  • Great odds
  • Attractive bonuses and promotions
  • In-play betting support
100% up to ₦100,000
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  • attractive welcome bonus
  • Helabet livescore feature
  • 24/7 customer support
100% up to ₦100,000
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  • Easy registration
  • Attractive welcome bonus and promos
  • Great odds
100% up to ₦ 100,000
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  • The sportsbook is available as an Android application.
  • It features a dozen sports in its live betting section.
  • The bonuses and promotions are generous.
  • Players can use Bitcoin on the platform.
₦777 Bonus
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  • The sportsbook offers many bonuses to players.
  • It has a mobile application for Android and iOS users.
  • Telephone support is available for quick response.
  • There is live streaming support.
Triple bonus up to 200%
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  • The platform has a statistics feature for in-depth analysis.
  • Players can place in-play bets on several sports.
  • The sportsbook has several betting markets.
  • It offers a mobile-compatible betting platform.
100% to NGN100,000
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  • The interface is user-friendly and intuitive.
  • It supports in-play sports betting.
  • There is round-the-clock customer service.
  • The platform simulates live matches.
10% no-risk free bet
up to NGN500,000
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  • There is a bet9ja mobile app
  • Bet9ja livescore feature
  • Competitive odds
100% up to ₦100,000
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  • Crypto-friendly
  • Live chat support
  • Lots of sports betting options
100% deposit up to NGN450
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How We Bet on Horses

Let’s look briefly at how to bet on horses before we explore the odds and betting markets. Moreover, you must know how to get in before placing the bets. That said, here are the steps for betting on horse racing:

How do Odds Work in Horse Racing?

The odds show you how the risk compares to the rewards. Sportsbooks offer a higher payout (higher odds) for the riskiest outcomes. However, that shouldn’t be your starting point. Here is a brief explanation of how the betting odds work. Let’s assume we have odds of 10-1 and 5-2. We can read them as 10/1 and 5/2 in fractional format. The first odds mean you will win ten units for every unit you wager. On the other hand, the second means you will win five units for every two-unit wager. That is the simplest explanation. Some bookies will place single digits on the horses. Multiplying that with your wager will give you your potential winnings (including your stake).

horse racing

Types of Horse Racing Bets

Horse racing lacks the variety of more pronounced sports like football and basketball. However, you can still get decent action on the sports if you know the bets. Here are the typical bets:

Horse Racing Glossary

Here are a few terms to bring you up to speed when betting on this sport:

Is Online Horse Racing Betting Legal in Nigeria?

You’ll have no legal concerns betting on this sport, provided the sportsbook is licensed in the country. Always verify the licenses before registering and placing wagers.

Major Horse Racing Events

Here are the major racing events to keep an eye out for:

FAQ for Horse Betting in Nigeria