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How to Bet on Horse Racing: Step-by-Step Guide for 2026

Having a bet can be a fun addition to your experience as a racegoer or for those watching from home. It's important to gamble responsibly but when done in moderation, it's an exciting hobby which can be enjoyed with family and friends.

Some of the jargon can be a little confusing and many newcomers might find a beginners' guide useful. If that's you, then you're in luck, as we've suggested some useful tips and tricks to get you started. Find a list of betting sites where you can bet on your selections.

If you are new to racing and betting, you can refer to our betting guide pages which detail all you need to know about types of bets and multiple bets, including the punters' favourites the Lucky 15 and Lucky 31.

Choose a Race and a Horse to Bet On

It may sound simple but this can be one of the hardest parts, as knowing which horses to bet on is an art in itself. There are many different factors to consider when trying to pick out a winner and sometimes some are more significant than others.

Course Form

Every racecourse is different, as is every horse, therefore it's no surprise that different horses perform better at certain tracks than others. While not the be-all-and-end-all, it's definitely a factor to consider.

Connections

Certain owners, trainers and jockeys tend to be more successful than most and this is especially true in the big races. Aidan O'Brien, Ryan Moore and Charlie Appleby are some of the big names on the Flat, while Willie Mullins, Paul Townend and Nicky Henderson tend to go well in the big races over jumps.

Ground Conditions

Much like course form, some horses tend to perform better when the ground is quicker, while others like it when the rain comes and don't get stuck in the mud. Ground conditions make a huge difference to some, while others can run on any ground.

Official Ratings

All horses are given official ratings which is a numerical value attributed to their ability by the handicapper. Handicap races are designed to give every horse an equal chance of winning so the higher a horse's mark is, the more weight they carry in a race.

In Grade and Group 1 races, horses all carry the same weight (with the exception of allowances) so their official ratings directly indicate their chances of winning. For example, a horse with a rating of 170 is likely to beat a horse rated 140 off level weights, as according to the handicapper the lower rated horse needs a 30lb advantage in order to have a chance.

How to Place a Bet

There are different ways to place a bet on horse racing. You can either bet while you are at the races with on-course bookmakers, online or in a high street betting shop.

How to Place a Bet Online

The easiest way to place a bet is through an online bookmaker. Once you have made an account and added funds to your wallet, you will be able to place a bet online via website or app.

  1. Once you have studied the form and chosen your horse, head to the website of your preferred bookmaker.
  2. Click on the 'horse racing' tab — this will take you through to the horse racing meetings.
  3. Click on the meeting of your choice and the races will appear.
  4. Find the selection you would like to bet on.
  5. Click on the odds of the horse you would like to bet on.
  6. This will bring up the betslip.
  7. Decide your stake and bet type — some of the most popular in horse racing betting are singles, doubles, accumulators and Lucky 15s.
  8. Now enter your stake and decide if you wish to back the horse each-way or not. This splits your bet into two parts: a win bet and a place bet. If you wish to bet each-way, make sure to tick the box, which is often abbreviated to e/w.
  9. Click the 'place bet' button and, provided it is within the limit of the funds in your account, you will have successfully made a horse racing bet.

Don't have a betting account yet? Find a list with all bookmakers tested by our racing experts, that offer the best betting offers for new customers here.

How to Place a Bet On-Course

If you are attending the races in person, you can place your bet with an on-course bookmaker and the process is straightforward.

  1. Choose your selection from your racecard.
  2. Once you have made your selection, decide how much you can afford to stake on the race. This should never be more than you can afford to lose.
  3. Choose the bookmaker you would like to place a bet with. Most punters will choose the bookmaker offering the best odds for their chosen horse. On-course bookmakers are usually located close to the running rails.
  4. If you have decided to bet €5 on a horse number 6, approach your preferred bookmaker and say "€5 to win on number 6" or "€2.50 each-way on number 6".
  5. The bookmaker then gives you a betting slip which you keep and hand back to the bookmakers to receive your winnings, should the bet come in.

Common Terms & Phrases in Horse Racing

Sometimes it feels like horse racing and betting have their very own language. Below are some key phrases to help you along the way:

  • Price - this is referring to the price of your horse. For example, if your selection is 2-1, then 2-1 is its 'price'.
  • Odds-on - this is regarding the price of a horse when it's strongly fancied to win a race. It means your return will be less than your stake.
  • Fixed-odds - when bookmakers offer fixed odds and the odds do not change, regardless of whether the horse's price shortens or lengthens.
  • Outsider - one of the biggest-priced horses in the field, this reflects that the horse's chances of winning are less than a horse with shorter odds, although this is subjective.
  • Favourite - the most fancied horse in a race, the short price reflects its chances of winning is greater than that of an outsider. Again, this is subjective.
  • Long Odds - bigger odds such as 14-1 or 33-1. Bigger odds refer to the chances of winning as more unlikely.
  • Short Odds - shorter odds reflect that the horse has a better chance of winning a race. Odds such as 13-8 or 15-8 are examples.

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Types of Horse Racing Wagers

Type of BetExplanationChance of Winning
Each-wayHorse must finish in the placesGood
PlaceHorse must placeGood
WinHorse must winAverage
Reverse ForecastHorses must finish 1st and 2nd in any orderAverage
ForecastHorses must finish 1st and 2nd in that orderHard
TricastHorses must finish 1st, 2nd and 3rd in that orderVery Hard
Double (pick 2)Both horses must winHard
Treble (pick 3)All three horses must winVery hard
PlacepotPick six horses to finish placedExtremely hard

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Tips for Betting at the Races

  • Take a look at the horses in the parade ring before you place a bet. This will give you an idea of how they are behaving in the preliminaries. If a horse is very sweaty or excitable, it can be a negative. By contrast, a relaxed horse may have a greater potential to run well.
  • Check prices with all the bookmakers before you place a bet as odds differ between bookies.
  • Keep a tight hold of your betting slip. It is frustrating if you lose your betting slip and your horse wins!
  • There is always staff around to help you with how to place a bet on a horse, so don't be afraid to ask for help.

Useful Betting Tools for the Races

A day at the races is an exciting experience but you may want a few pointers to enhance your raceday experience, alongside a few tips on how to bet horses successfully.

Racecard - grab yourself a racecard when you first enter the races. It will consist of information about the horses running on the day, as well as useful raceday information.

Irishracing.com - bring your mobile along and access irishracing.com for runners, riders, all the best stats and unmissable tips from our expert team. You can also access our betting guide to help you to place a bet.

Binoculars - bring your binoculars with you so you can track your horse through the race.

Our Sign Up Betting Offers & Free Bets

More Reading

There is plenty more content surrounding betting and how to place a bet on horses available to you here. Check out our other pages for information on: