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Betway Horse Racing Odds | Which Bet Types are Available and How Do They Work?

It's been a long time coming but the wait is finally over. Betway Horse Racing is here! From Turffontein to Tokyo, you can now bet on the best horse racing events worldwide with Betway South Africa. 

For a piece of the action, all you need to do is to register with Betway online and you can have your say about the world's most thrilling races from the daily meets at Doncaster to big annual events like the Royal Ascot and Cheltenham Festival.

Hold your horses because we're about to take you on a deep dive into the exciting world of horse racing on Betway, where you'll learn what all the different bet types mean and exactly how they work.

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Betway Horse Racing Odds

While some bet types in horse racing are quite easy to understand (Win, Place, Show, etc.), others can be a little harder to get your head around if you're betting on horse racing for the first time. 

Depending on the race you want to bet on, different bet types will be available at varying odds. The Betway horse racing odds and the variety of bets available are mainly determined by how many runners are in the field.

So while not all races will offer every type of horse racing bet, it helps to become familiar with the more popular bets so you know what your options are as a punter. 

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Betway Horse Racing Bet Types

Once you understand Betway horse racing odds and how the various horse racing bet types work, it makes the process of placing a bet quite simple. Follow our simple guide below which explains how they work and hopefully you can find yourself a winner on the next race! 

To discover even more markets than the ones explained below, you can check out our Ultimate Horse Racing Guide for South Africa. There is also information included on how to read form and handicap different races

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As the name suggests, a Win bet is a prediction on your selected horse to win the race. Where the other horses finish in the race is not important to the outcome of this bet, you must simply predict the first horse to cross the finish line.


For some added insurance, you can combine two bets on the same horse into what is called an Each Way bet. You will need to pay double for this bet in which half your stake is on the horse to win, and the other half is on it to place (either first, second, or third). 

If your horse wins the race, you win both bets and get a full payout. If it finishes in 2nd or 3rd place, you'll win your Each Way bet but lose your Win Bet. Multiple Each Way bets can also be combined on your betslip as an accumulator.

Watch this video to learn the basics of how to bet on Horse Racing with Betway


When you bet on a horse to “place,” you are predicting that horse to finish in either 1st or 2nd place. Unlike with an Each Way bet where 3rd place also pays out, Place bets are harder to win but pay more. A Place bet is also a single stake and not a combination of two bets placed together.


The only difference between a Place bet and a Show bet is that when betting on a horse to Show, your horse can finish anywhere in any of the top three positions (1st, 2nd or 3rd). Unlike an Each Way bet, it requires just a single stake and is not a combination of two bets placed together.

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A bet selecting the 1st and 2nd place finishers in a race.


A bet selecting the 1st, 2nd and 3rd place finishers in a race.


A bet selecting the 1st, 2nd, 3rd and 4th place finishers in a race.


Insurebet allows you to insure yourself against your horse finishing 2nd or 3rd. You'll get a full refund if your horse places, but unlike with an Each Way bet, it does not involve combing two bets together. The catch here is that the odds available for Insurebet are slightly lower than betting on the horse to win. 

With Insurebet, you can either insure your horse for three places (for races with 8 or more runners) or two places (for races with 7 or fewer runners).

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This is a bet on one horse versus another. For each of these bets, there will only be one horse to choose from and your selection must beat the other horse regardless of where either horse finishes overall in the field.


Betway offers enhanced odds on certain runners in different races each day. The price you get will usually be much better than you can find anywhere else, so take advantage of these Betway Horse Racing boosts!

How to place a bet on Betway Horse Racing

1️⃣ Visit the Betway site on any device.

2️⃣ Click the Horse Racing icon on the homepage menu.

3️⃣ Choose a track/venue from the list of options with the appropriate starting time. Alternatively, select any of these tabs above (Next Off, Today, Tomorrow or Ante-Post) and filter by country or track to find the race you want to bet on.

4️⃣ Click to select the horse you want to back. Toggle the switch on the right to place an each-way bet instead of a straight win.

5️⃣ Enter your stake in the box provided and click "Bet Now" to confirm.

If you need any help with any aspect of placing a bet on horse racing, you can also contract Betway Customer Support at any time and one of their friendly and professional agents will get you on the right track!

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For more about online sports betting, casino games and lotteries in South Africa, visit the Betting Guide homepage to find bookmaker reviews, promotions, betting tips and more.

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