BetOnline RaceBook Review
In our BetOnline RaceBook review, we will go into detail about all that the site has to offer. The operator has been in the online gaming industry for more than two decades, and with more than 600,000 active accounts their racebook is one of the most popular products. You will find Thoroughbred and harness tracks from all over the nation where you can wager on the day’s races. You will find major tracks like Santa Anita and Gulfstream, and minor tracks such as Remington Park and Delta Downs. The online racebook is geared toward horse bettors of all levels, which means casual bettors, high rollers, and those just looking for a few prop bets will find something to like at BetOnline. With plenty of matchups and free daily horse picks, you are put in the best position to win.
One of the topics we have to mention in our review of BetOnline Racebook is that the site offers rebates and promotions for loyal horseplayers. You can get up to 7% back with horse bet rebates, and you can sign up for a $25 risk-free wager when you join the racebook. This is just the tip of the iceberg when it comes to what the BetOnline Racebook offers, which is why we have written a very thorough review. You can continue to learn more about wager types, Triple Crown betting, deposit options, payouts, customer service, and everything else that BetOnline Racebook brings to the table.
US horse enthusiasts always want to know “is BetOnline legal in all 50 states?”, and the answer is yes! In fact, BetOnline is one of the only online racebooks that actively advertises and promotes that they accept players from all 50 states. The site may be based in Panama, but they are licensed to legally take players from all over the USA. While you can always check with your local gaming authority to verify that the site is acceptable, online pari-mutuel wagering is permitted nearly everywhere. There has never once been an incident where a US citizen got in trouble for betting the ponies on the internet.
Rather than asking “can I bet on the Kentucky Derby at BetOnline?” the better question is how should I start betting. BetOnline offers more legal Kentucky Derby betting opportunities than most racebooks, you just have to pick your horse. You will find Kentucky Derby prep race betting odds well before the field is even set, giving you more time to enjoy the excitement surrounding the event. You can bet on who the outright winner of the Derby will be, or enjoy other Derby Day betting odds that will be posted on the site. There are always Kentucky Derby props and futures that make betting even more entertaining.
The current Kentucky Derby betting odds for the 143rd running of the race have seen some major changes over the past few weeks. The Road to the Kentucky Derby has been an exciting one, with a couple of surprises that have kept things interesting. During the Blue Grass Stakes, Wood Memorial, and Santa Anita Derby, none of the favorites won their race. In a complete shocker, there are +2000 Irap odds to win the 2017 Kentucky Derby after the longshot won the Blue Grass Stakes. This hardly makes him a favorite however, as the +525 betting odds for Classic Empire to win the Derby indicate otherwise.
The 2017 Kentucky Derby odds for McCraken are +575, which puts the three-year-old as a close second to Classic Empire. The Derby betting odds for Irish War Cry are +750 after he posted the 11th slowest time in the Wood Memorial Stakes since 1951. With +650 odds, Always Dreaming is still considered one of the favorites to win the 2017 Run for the Roses. His speed is unmatched by any other horse with a guaranteed spot, and after winning by 5-lengths in the Florida Derby Always Dreaming has proven he can probably handle an additional furlong.
- Coming in 2019
BetOnline offers all types of wagers that you can use to win big on horse racing betting. It will not take you long to get accustomed to the horse bet types being that they are the same options featured on the track. Everything from win, place, and show bets, to exotics like exactas and trifectas, are featured at the racebook. If you are still becoming familiar with betting on horses, we have explanations of each of the different types of horse bets below. If you are already an experienced bettor, you can use our overview as a quick refresher for online horse betting.
- Win – Bet on the horse that will win the race.
- Place – Wager on your horse to finish first or second.
- Show – A bet that your horse will finish in 1st, 2nd, or 3rd.
- Across the Board (Win, Place & Show
- Exacta – Select the top two finishers in exact order.
- Exacta Box – If you are confident in the top two horses, but unsure of which order they will finish, you can bet an exacta box. This takes out the necessity of betting on the order.
| Exacta Quick Reference Guide | ||||||||
|---|---|---|---|---|---|---|---|---|
| # of HORSES | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
| COMBINATIONS | 2 | 6 | 12 | 20 | 30 | 42 | 56 | 72 |
| COST FOR $2 | $4 | $12 | $24 | $40 | $60 | $84 | $112 | $144 |
- Trifecta – Pick the horses that will finish in the top three, in specific order.
- Trifecta Box – Select three or more horses that you believe will finish in the top four spots. The trifecta box allows you to bet without having to pick the specific finishing order.
| Trifecta Quick Reference Guide | ||||||
|---|---|---|---|---|---|---|
| # of HORSES | 3 | 4 | 5 | 6 | 7 | 8 |
| COMBINATIONS | 6 | 24 | 60 | 120 | 210 | 336 |
| COST FOR $2 | $12 | $48 | $120 | $240 | $420 | $672 |
- Superfecta – A bet on the horses that will come in 1st, 2nd, 3rd, and 4th in exact order.
- Superfecta Box – A superfecta box lets your horses finish in the first, second, third, and fourth positions in any order.
| Superfecta Quick Reference Guide | ||||||
|---|---|---|---|---|---|---|
| # of HORSES | 4 | 5 | 6 | 7 | 8 | |
| COMBINATIONS | 24 | 120 | 360 | 840 | 1680 | |
| COST FOR $2 | $48 | $240 | $720 | $1,680 | $3,360 | |
BetOnline will have odds on all the Triple Crown races that draw hundreds of thousands of spectators per year. You can start betting well before the first Saturday in May when you visit the horse futures and proposition bets section. There will be Kentucky Derby betting odds, Preakness betting odds, and odds to win the Belmont Stakes. BetOnline also keeps up the latest horse racing news, which means you can read updates about each of the horses during the Triple Crown season. It is one of the few sites that has pages dedicated specifically dedicated to the Triple Crown, which means less searching around and more betting on Triple Crown odds.
SportsBetting deposit options provide players several options to safely and efficiently deposit money into your racebook or sportsbook accounts. You can choose between bitcoin, credit cards (Visa & MasterCard), money orders, bank wire transfers, e-wallets, and now American Express as well. There are no fees for depositing money but the limits vary depending on what you choose. Bitcoin is going to have the highest limits of any option while person to person deposits will typically be the lowest. All of these are perfectly safe to use so it’s up to you to decide which option you prefer.
Credit Cards (Visa, MC, American Express)
Credit cards have consistently been the most popular deposit method for horseplayers. You use your credit card for plenty of everyday purchases, and now you can use it at your favorite online racebook. Your card issuer may charge an international purchase fee depending on the type of card, but any fees are generally no more than 7%. You can’t beat the convenience of being able to use your Visa, MasterCard, or American Express.
| Minimum: | Maximum: | Processing Time: | Fees: |
|---|---|---|---|
| $50 | $1,000 | Instant | Up to 7% |
Bitcoin
Bitcoin is a digital currency that is quickly rising to the same popularity level as credit cards. This is because bitcoin is extremely fast, secure, and reliable. Even better, there are no processing fees and your funds are credited to your account almost instantly. You just need to transfer your BTC to the wallet address provided by the BetOnline cashier, and you can starting betting on the Triple Crown and other races in just a few minutes.
| Minimum: | Maximum: | Processing Time: | Fees: |
|---|---|---|---|
| $20 | $25,000 | Instant | None |
Person-to-Person
Person-to-Person options may change from time to time, but currently, you can choose between MoneyGram, Ria, and Western Union. Rather than having to physically go to a retail location, person-to-person transactions can now be completed entirely online. All you need is your reference number and you can easily make a money transfer using your preferred service provider.
| Minimum: | Maximum: | Processing Time: | Fees: |
|---|---|---|---|
| $50 | $600 | 24 to 72 hours | Fees will be refunded if over $300 |
Bank Wire Transfer
Bank wire transfers are the best option for high roller horse bettors. A bank wire is where you send funds directly from your bank account to the racebook cashier. There will be a fee charged by your bank, however it is minimal compared to the amount you can send with this method. When you want to deposit large amounts, bank wire transfers are the way to go.
| Minimum: | Maximum: | Processing Time: | Fees: |
|---|---|---|---|
| $1,000 | No Limit | 1-3 business days | Varies |
BetOnline withdrawal methods are just as secure and reliable as the deposit methods. There are nearly the same amount of payout request options, and they all have their own levels of convenience. BetOnline also has a unique payout program where once every thirty days, your payout fees are waived or discounted. You can use this to your advantage when using the methods that have higher fees. While there are numerous methods such as MoneyGram and money orders, we will give you details on the payout options that horse bettors use most frequently.
Bitcoin
Requesting a BTC payout is the fastest way you get your money. You do not have to worry about providing routing and checking account numbers, just give the cashier your bitcoin wallet address. You don’t have to worry about third party processors like your bank that can sometimes delay the speed of the request. Your bitcoins will reach your account within the day in most instances, and you make BTC requests more frequently than other methods.
| Minimum: | Maximum: | Processing Time: | Fees: |
|---|---|---|---|
| $20 | $10,000 | Within 48 Hours | None |
Bank Wire
Bank wire transfers have the highest withdrawal limits aside from book transfers. This is a convenient method because funds are sent directly to your checking account, no trip to the bank necessary. The processing time of bank wire transfers does depend greatly on your bank. The fees charged for this method will range, but are low in comparison to how much you can withdrawal in a single transaction.
| Minimum: | Maximum: | Processing Time: | Fees: |
|---|---|---|---|
| $500 | $24,900 | Within 15 Business Days | $45 - $75 |
Check by Courier
Sometimes a traditional check is the best option for receiving your payout. This method used to take longer to receive, but BetOnline will now have your earnings delivered a week.
| Minimum: | Maximum: | Processing Time: | Fees: |
|---|---|---|---|
| $500 | $2,500 | Within 7 Business Days | $50 |
Book-to-Book Transfer
We always encourage horse bettors to have more than one racebook account for the best value, and this withdrawal method lets you take advantage of multiple books. BetOnline currently has a partnership with SportsBetting that allows you transfer funds between the two books. Even better, the cashier no longer charges any fees for the service.
| Minimum: | Maximum: | Processing Time: | Fees: |
|---|---|---|---|
| $500 | $24,900 | Within 24 Hours | None |
It could not be easier to cash a winning ticket at BetOnline Racebook. It typically takes about 10-15 minutes for the racebook’s service provider to send over the race results after the close of the race. After the results are posted, your funds are automatically applied to your racebook account and can be viewed at the top left of the screen. You never have to wait hours for your winnings to be applied to your balance. Your money is available and ready to be used at the racebook, sportsbook, or even the casino.
With fewer reported complaints than the majority of sites, BetOnline does have good customer service. BetOnline gives bettors several convenient customer service options to choose from. The most popular option tends to be their live chat feature. You are connected to an agent via a virtual chatroom after giving a brief description of your question or concern. Live chats are fast, easy, and requires no hold time. We will say that the average wait times for telephone calls to customer service are relatively low. Once you call, you will be prompted to select a department and you are typically connected in less than 5 minutes. Shooting a quick email can also be convenient, especially when using your smartphone or tablet. The response times can pick up during scheduled maintenance days, but other than this you should receive a response within 2 business days.