Who doesn’t love some free horse racing bets when taking a punt? Our experts tell you all about which bookies have them, the different types available and much more!
Just so you understand what free horse racing bets are, we’re going to explain the basics right here. The best UK sports betting sites all provide opportunities to new and existing customers to earn free hits without wagering any capital from the cash balance of your gambling account. That is a free bet with pure profit at stake without losing any money from your cash balance.
Types of Free Horse Racing Bets Today
When it comes to free bets on horse racing, there are various different types. It’s our job as experts to guide you through these, so that you understand how they work and what you have to do to get them. The list below has more:
Fail to Finish / Fallers Insurance – Where your stake is returned as a free bet up to a set amount in the event that a horse fails to complete a race. This can be useful in big field National Hunt racing events or where your fancy has a patchy record of getting round.
Free Bet Club – Place so many qualifying bets with the bookies within a set time period, usually a week, and get rewarded for your loyalty with a free bet.
Matched Bet – Most free horse racing bets involve some kind of bet and get process. This can often be in the form of a matched bet to a certain percentage.
Money Back as a Free Bet if – Mitigating potential losses, stakes refunded as a free bet if finishing second to a named horse or the SP favourite is one of the most popular betting promotions with the bookies.
No Deposit Free Bet – As rare as gold dust, you may if you’re lucky come across a free bet you can use on horse racing without making a deposit.
Key Terms & Conditions with the Best Horse Racing Free Bets
As any experienced punter will tell you, even free horse racing bets come with T&Cs attached. Just so you know what to expect, we asked our experts to share some of the most common terms encountered on top horse racing betting sites with these:
Expiry Date – Almost all bonuses have time limits on when you can use them by. This will be so many days after settlement and/or within so many days of registration Ignore the timeframe in which you must wager them, and you’ll lose that free hit.
Market Restrictions – With free horse racing bets, you won’t be able to bet on racing pools like the Tote. Other market restrictions may apply as it’s only the win part of each way bets that count towards some betting offers out there.
Minimum Deposit – There will be a smallest accepted amount of money in a qualifying deposit you can open your account with to get a deal. With many new customer offers out there, this is same as the amount you need to wager to qualify for the bonus.
Minimum Number of Runners – Some deals that give free horse racing bets out will only apply if a certain number of runners line up. A minimum threshold will be set out in the T&Cs.
Minimum Odds – You can’t just back any horse in any race and get a bonus. There will always be a minimum odds threshold to a single bet or per selection in an accumulator. This is typically Evens (2.00) or shorter. The best deals will allow odds-on horses to qualify up to 1/2 (1.50).
Minimum Stake – There’s a certain minimum bet amount that you must at least bet in one go in order to get free horse racing bets now. There will also be an upper limit, over which you don’t get the stake fully covered as well, so check what these are before taking a punt.
Number of Qualifying Bets – With a Free Bet Club, there will be a set number of bets within a week you need to place. This is usually five separate wagers on different horses.
Payment Restrictions – Not all payment options qualify you for free bets on horse racing unfortunately. The bookies have payment method exclusions like restricting eWallet services, for example, with betting deposit bonus deals and want Debit Card payments from you.
Most Popular Markets for Free Horse Racing Bets
When punters have bonus funds at their disposal for betting on horse racing, certain markets and bet types prove particularly popular. Let’s take a look at the five used most often:
Win – This is where you bet on a horse to win the race it has been declared to run in outright.
Place – With this, your wager is all about a horse finishing within a set number of places. The bookies traditionally offers markets on two, three and four places but it’s relative to how many runners take part.
Each Way – You can combine win and place bets into one wager. By doing this you will split the value of free horse racing bets in half across the two parts. Each way betting returns something if the horse you back at least places. If it wins the race, then both win part and place parts, the latter at a fraction of outright odds (either a quarter or fifth).
Ante Post – When you bet on a horse to win a race before final declarations are made for that event, they call this ante post. You aren’t guaranteed a run for your money, but that doesn’t matter so much if using bonus funds to wager on it in advance.
Accumulator – Who could forget the option of putting multiple horses together on the same betslip. Sitting alongside traditional accas, there are a number of different combination and system wagers punters can place with bonus funds if terms attached allow.
Free Horse Racing Bets No Deposit
In an ideal world, horse racing free bets no deposit offers would be available to punters on a regular basis. It’s a rare enough thing you’ll find in practice, though. This is because it requires bookmakers to give you something for nothing. On the odd occasion, free horse racing bets with no deposit required might be on offer but don’t get your hopes up!
Tips for Using Free Horse Racing Bets
Helpful hints on what to do with horse racing free bets UK punters can get can’t guarantee you’ll back a winner, but they do assist you in reaching better betting decisions more often. Here are our experts’ top tips:
Consider Fallers Insurance
After explaining what Fallers Insurance is above, why wouldn’t you take a look at it when using a bonus? If you’re betting in a big field race like the Grand National where anything can happen, it’s a no-brainer. Fallers Insurance adds another layer of protection to your wager, even if you aren’t risking your cash balance.
Look Closely for Each Way Bets
All of the best horse racing free bets are ones you can use to bet each way with. While doing this does split the bonus in half across the win and place parts of the wager, that too is extra insurance. A placed horse returns a smaller amount than an outright winner but, whatever you make off a bet token is pure profit anyway.
Use Free Horse Racing Bets to Cover Existing Wagers
There may be a race in which two horses have strong claims. It was a close run thing in your head when deciding which to bet on. If you have bonus funds available, then you can cover any cash stakes placed on the race by backing the other horse. There’s no rule that says you have to top up existing bets, so instead use bonuses on another eventuality.
The Last Word
We’ve got free horse racing bets covered from all angles. You can check out all of the bookmakers who offer these, but we particularly recommend QuinnBet who have so many bonus deals relating to this sport. Even when using a free bet, please make sure you gamble responsibly!
What is a horse racing free bet?
A free bet on horse racing is bonus token or funds credited to your account separate from the cash balance. It must be used within a certain timeframe or it expires.
How do free horse racing bets work?
When you place a bonus token or funds on a horse racing wager, the stake isn’t returned with any winnings. That means returns are pure profit.
What kind of free bets on horse racing will be available for big festivals?
Look out for bet and get, and Money Back as a Free Bet if deals for all the major races and horse racing festivals in the UK. We’re talking about the Cheltenham Festival, Grand National at Aintree, Royal Ascot and Glorious Goodwood here.
Do all sites have free horse racing bets?
So long as they offer betting on horse racing, then online bookmakers will allow you to use a free bet or two on the sport. Always check terms and conditions for any restrictions.
Sports betting writer
Peter joined the BettingSites.co.uk team in 2023, having previously worked for many high-profile gambling-related sites such as RightCasino, JustSlots, WhichBingo and Gambling.com. An experienced head when it comes to all aspects of iGaming, Peter is a fanatic fan of sport, including football and US sports such as baseball and American football. He is also a multi-published fiction writer, although sadly, not a wealthy one.