Horse racing is one of the most popular sports that people involved in trading on a betting exchange are interested in.
This is not surprising – the sport allows you to make money in many different ways using several strategies.
First, however, choosing the right horse racing betting exchange site is essential before starting trading.
We have picked the best exchanges ranked on the most relevant factors for traders regardless of their experience.
These include liquidity, range of markets, commissions, welcome bonuses and, of course, reliability.
And reliability is one area you don’t need to worry about, as all the sports exchanges featured on our website are among the safest available.
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Pros and cons
- The Best Liquidity
- Huge Amount of Markets
- Great Prices
- High Limits
- Bonus program could be better
- Lack of license in many countries
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Pros and cons
- Good Pre-Match/In-Play Offer
- Low 2% commission rate
- 24/7 Support
- Many deposit methods
- Dedicated Blog section
- Low liquidity in the markets
- Mediocre welcome bonus
- Lack of any promotions
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Pros and cons
- Attractive welcome offer
- 2% commission on net profits
- Fully licensed to operate in the UK
- Easy to use site
- Inferior offer compared with other exchanges
- Low liquidity in the markets
- Only welcome promotions
How to trade horses?
Take a look at the form
Before each race, most horses present themselves in the paddock, often completing a lap. This is when you should pay attention to the horses’ form and condition.
Those that sweat excessively or behave nervously will not perform at their best during the race.
On the other hand, look for energetic horses that do not waste too much energy before the start.
Check their results
Another important thing is to see how each horse has performed in previous races. Of course, this is not the final determinant contributing to predicting the winner.
However, it will give you an idea of whether the horses are in good shape or not. Remember to check all horses and not just the one in which you plan to trade, as it may be that a horse that has performed brilliantly in previous races and is undervalued by the current market.
How to choose an exchange for horse racing trading?
Reliability is a fundamental condition that a betting exchange must meet. Therefore, you must consider it before setting up an account.
By ensuring that the exchange is verified, reliable, solvent, registered and licensed, you can be sure that the trading of horses or any other sport will be completely safe, that funds will not disappear from the account, and that the winning bets will be correctly settled.
Oh yes, this is also a critical factor. Liquidity allows us to place bets at lightning speed, which refers to the amount of money available on the market.
The larger it is, the higher the amounts that can be matched, and there will be more exciting odds on offers.
This is an essential aspect because during live or pre-match horse racing, in the absence of adequate liquidity, we will not be able to trade anything on the market.
Range of Markets
The range of markets is not as important a factor as the two above but is also relevant if you want to bet on the 2 Places, Without Favourite, AvB, Forecast or even Rainbow Colours To Win By Over 2 Lengths markets.
In addition, the range of markets also refers to the number of horse races available on a given betting exchange. The more markets, the greater the possibilities, so look for an exchange with a broad offering.
Commissions cost more the larger the amount traded on a sports exchange.
As a reminder, a commission is charged by all legally registered sports exchanges in return for providing a platform on which members can trade.
They are charged only on winning bets, varying between 2% and 5%. This means that the lower the commission, the more money is left in the trader’s pocket.
Welcome offers are an indispensable part of most traditional bookies and sports exchanges.
In the case of betting exchanges, there are even special promotions just for horse racing, which allow you to claim extra cash for fulfilling specific requirements.
The promotions are well worth noting as they can sometimes double or even triple our initial bankroll and improve it.
Best Betting Exchanges for trading horses: Our TOP-3 to work with
Betfair Betting Exchange
No one needs an introduction to this exchange. Founded in 2000, Betfair is the market leader – the giant leads the way in every aspect and has won countless customers’ trust.
As a result, they provide the best offers regarding the availability of different markets and profitable odds and liquidity.
- Exchange, Sportsbook, Casino, Slots, Live Casino, Poker, Bingo, Virtuals – everything in one place!
- A lot of payment methods: MuchBetter, PaddyPower, Neteller, Skrill, PaySafeCard, Rapid Transfer, Bank Transfer, Credit Card, Paypal.
- Daily horse racing odds boost
- Price Rush & Cash-out features
- Available in nine languages
The welcome bonus at Betfair allows you to claim £30 in free bets for placing a £10 back or lay bet. To claim it, you need to create a new account using promo code ZBGC01.
The next step necessary to qualify for the promotion is to verify your phone number and then deposit funds for at least £10.
The final step involves placing a £10 bet at minimum odds of 1.5, and that’s it!
Remember, you have 30 days to complete all the steps after registering your new account.
Advantages and disadvantages of Betfair Exchange
|The largest number of markets
|Bank card withdrawal fees
|The best liquidity
|Choice of commission level
|Live streaming & no cash-out suspensions
Betfair is irreplaceable mainly because of the vast availability of markets and liquidity, and as we know, these two aspects are crucial when choosing the best sports exchange.
So Betfair tops the list and is unlikely to be threatened for a long time.
Smarkets Betting Exchange
Smarkets cannot be excluded from the top list of the best horse racing exchanges.
This exchange has evolved over the last few years and proudly takes second place in the list thanks to various improvements and enhancements.
This is due to the continuous expansion of the range of products, including the horse racing markets.
Founded in 2008, the exchange has managed to gain the trust of many players and strives to compete with Betfair.
- Available in over 200 countries
- Seven payment methods & available in four currencies (EUR, GBP, SEK, NOK)
- Fixed 2% commission rate
- Android and iOS App
- Live odds Data, Charts and Graphs
- Cashout feature
The welcome offer at Smarkets has remained the same for a long time, and it includes two options – one of which is commission-free for 60 days, while the other is a so-called cashback of up to £20.
- 0% Commission for 60 days: COMMFREE
- £20 cash refund on losses: SMK20
Please note that a deposit of at least £10 is required to qualify for the promotion.
Advantages and disadvantages of Smarkets Exchange
|A sufficient number of markets
|Lack of live-streaming
|No promotions except the welcome offer
|Well-designed statistical graphs
|Lack of third party software
|Fixed 2% commission rate
Trading in horse racing is very much about using both the Betfair and Smarkets exchanges.
This is why setting up an account on the Smarkets exchange will be an excellent choice if you plan to bet on the sport.
This way, you can better view the markets and benefit from the most attractive odds, as the race is often available on both exchanges.
If you do not have an account on Smarkets yet, we recommend opening one.
Matchbook Betting Exchange
Their offer is mainly aimed at players in the horse racing markets, but they are still far from the top due to their average liquidity.
Nevertheless, if you can operate on multiple exchanges, Matchbook Exchange will be the third on the list of betting exchanges where it is worth trading.
So while we cannot maximise the markets to our advantage due to poor liquidity, we will very often find the most attractive prices there, allowing us to boost our bankroll a little.
- Cash Out Feature
- Live Stream
- iOS & Android App
- Live Calendar & Results
- E-wallets available
- Dedicated Blog (Insights)
The Matchbook welcome bonus looks to be the most favourable offer of all the sports exchanges featured in this overview.
So let’s take a look at what it consists of!
- Cashback up to £30 – Promo Code: MATCHBOOK30 – Grab a free bet of up to £30 for your first losing bet! To qualify for the promotion, you need to make a deposit using a credit or debit card and place a bet with a minimum odds of 1.80.
- 0% Commission For 90 Days – Promo Code: COMMFREE90 – The most crucial point here is that a deposit must be made using a credit or debit card to qualify for the promotion. The 90 days is valid from the date of account opening.
Advantages and disadvantages of Matchbook Exchange
|Attractive welcome offer
|Average number of markets
|iOS & Android App
|No additional promotions
|Fully licensed to operate in UK
Matchbook is a solid alternative to the previously mentioned exchanges.
Moreover, it is also the best for the welcome bonus, which is worth taking advantage of even if you don’t plan a more extended adventure with this betting exchange.
While the liquidity and availability of online horse racing exchange are not encouraging, it is worth having money there if only for the possibility of catching attractive odds placed by novice traders.
Expert tips to horse racing trading from TheTrader
Pick a strategy
Choosing the right strategy right from the start will allow you to keep your losses to a minimum. This will help you prepare your stakes and limits and set your bankroll and the goals you plan to achieve with the strategy.
It will be essential to familiarise yourself with your chosen strategy from A to Z before you place your first bet to know precisely when to exit the market at a profit.
Use free tools
Free tools are not just trading software. There is also live audio coverage, which often starts before the race begins.
Read also: Pre-race trading guide
You will hear a lot of interesting information there, such as the form of the individual horses or predictions that will help you decide on the upcoming bet.
In addition, use the free websites where you will find a range of statistics on the horse you plan to trade.
Understand the time lag
Before committing to trading a race in progress, be sure you understand how much of a time lag the streams you’re seeing are in real-time.
I’m sure you’ve seen the odds drop dramatically, and after a couple of seconds, you realised why it was happening. But, of course, it’s because of the delay in the stream, so watch out for it!