Raisbeck was commanding on the pitch and had a military air in the way he carried himself, certainly not out of place as he was one of seven brothers who either became soldiers or footballers. Only a select few in Liverpool's history has commanded so much respect and admiration and he was undoubtedly the club's first superstar. When his family moved to Larkhall they lived in a house facing the "Common" and this allowed him and his brothers to "chase the leather" anytime they had a few minutes to spare. He started out 15 years of age with Larkhall Thistle where he played as outside-right for half a season before a vacancy in the half-back division drafted him into the intermediate line. After a couple of years at Thistle Raisbeck signed for Hibernian on 30 July 1896. His debut for Hibs was in the sixth game of the season in a 2-2 draw with Abercorn on 12 September 1896 at Underwood Park, Paisley. He played nine more games as Hibernian finished second in the league, two points behind Hearts. He made such an impression in his debut season that he was chosen to play left half-back in the inter-League game between Scotland and Ireland.
After 29 games and four goals for Hibs the 19-year-old was loaned to Stoke at the end of the 1897/98 season to participate in the Potters' test matches to retain their status in the First Division. Liverpool later used this loan system to strengthen their team temporarily in test matches with players from Scotland like Robert Neill and Bernard Battles. Raisbeck played all four games and scored one goal as Stoke won two out of four and finished top of their group escaping the dreaded drop into the Second Division. Stoke were interested in signing Raisbeck on a permanent basis, but fate would have it that Tom Watson, Liverpool‘s Secretary, was a guest of the Hibs Chairman when Stoke‘s Secretary failed to keep his appointment with Raisbeck and Hibs. On 30 April 1898 Watson managed to convince the young Scotsman to sign for Liverpool as The Scottish Referee reported on the following Monday: "Late on Saturday night I hear that Tom Watson has signed on Raisbeck for Liverpool. The Mersey committee must have wealth galore, as I understand Raisbeck's terms are £6 weekly all the year round. Tut, tut; more than I make in a minute!" Liverpool had finished mid-table in the First Division, four points above Stoke. Dundee Courier and Argus, in their 3 April 1897 edition, even compared him to Rangers great and Polmont native, Neil Gibson, a superb wing-half often described as the greatest footballer of his generation in Scotland: "Raisbeck of the Hibernians, is a second edition of Neil Gibson, only he is bigger, and can stand more knocking about than the Ranger."
The Athletic News reported on Liverpool‘s capture of Raisbeck and his compatriot, George Allan: "Two more important catches for the Anfield club have been effected, and few will say that Allan of the Celts and Raisbeck, of Stoke-com-Edinburgh Hibs, are not good goods. Raisbeck had a name in Scotland as the best centre half in the country, and for Stoke, where he has shown what he can do. And it has happened as I told our readers a week or two ago, Mr. Editor, in commenting on Liverpool’s strength and weakness. Now with these last additions, they should go on smilingly, and I think for the first time in their history they will find themselves stronger favourites than their neighbours for the big trophies of next season."

Raisbeck always led by example and was chosen captain of the team after two seasons at Liverpool. Despite being 'only' 5'10" (178 cm.) in height his timing and athleticism enabled him to reach the ball before taller opponents. He was an energetic centre-half, a position more similar to a modern day midfielder rather than a defender. He was at the forefront of Liverpool's defence, but also the instigator of Liverpool's attacks possessing an impressive stamina. The scribe in the club programme, after Liverpool's and Everton's cup replay at Goodison Park on 8 February 1905, captured his essence as a player: "Never has Raisbeck shown more wondrous football. He was here, there and everywhere. Now initiating an attack, now breaking up another, and again chasing Sharp when that lithe young man appeared to be all on his own. He dominated the whole field, and was, without question, the one superlative player. I am never inclined to over elaborate praise, but truly, Alec Raisbeck was a giant among pigmies." Raisbeck led Liverpool to their first-ever Football League Division One Championship title in 1901. Incredibly Liverpool were relegated three years later but rebounded straight back into the First Division where Raisbeck lifted the Championship title again in a season that was also "remarkable" for the fact that "Alec Raisbeck has taken off his beloved moustache, and has joined the bare-faced brigade."
Victor Hall painted a vivid picture in an article in 1924 called: "Alec Raisbeck, who raised Liverpool's prestige" in the Liverpool Echo 15 years after Alexander left Liverpool to go back to his native Scotland: "What a trier he was! Who that ever saw him play can forget the unmatchable enthusiasm he displayed in the sheer love of the game. He not only put body and dash into individual games he played, but more importantly he helped to create the soul, that inward sacred fire of zeal without which no club can thrive and live. Let us recall his characteristics. Tall, lithe, sinuous, and yet gifted with muscular and physical development beyond the ordinary. Active to a degree, speed either on the turn or in flight, and with niche, at the addition of resourcefulness and judgement that would have been all sufficient in a other player, without those added gifts, methodical in training, painstaking in preparation, genial with his players and considerate with his committee. With a perfect blending of the qualities that to make a really great player!"
"Raisbeck was wholeheartedly a destroyer of attacks when it came from the opposing wing. We have said that he was speed in turn and on the run. We might amplify this and say, that we have never seen in England, a speedier half-back, who could tackle a speedy forward, turn with him, and overtake and tackle him again. There may be and may have been others so gifted. We have not seen them. His judgement was sound, his valour outstanding and, naturally for a half-back, his control and placing of the ball was equally confident. During his playing career at Anfield, he had to meet forwards whose names and records were outstanding in the history of the game, and yet of one of them could it be said that they were the superior or master of Raisbeck's defensive play. His temperament rarely failed him, no matter how vigorous the play he had to meet."

The 1908/09 season was Raisbeck's last at Liverpool. He missed four months of the season through injury and Liverpool narrowly escaped relegation to the Second Division. He was still struggling with knee injury and pined for a return to Scotland. When Partick Thistle's representative was in Liverpool to sign his Welsh teammate Maurice Parry, he asked Alex whether he knew of any more quality players and Alex stated his own case and signed up as well. He proudly wore their colours for five seasons. In 1914 Raisbeck managed Hamilton Academical where he was in charge for three seasons before he was hired as director at the club for three and a half years. Raisbeck returned to England and took over as manager of second division Bristol City on 28 December 1921. City were relegated that spring but bounced straight back as third division south champions in the 1922/23 season. That very season manager David Ashworth left League champions Liverpool just before Christmas and Raisbeck was tipped as his successor before Matt McQueen took over in mid-February. Raisbeck had led Bristol City to the Second Division but his team went straight back down again. After finishing third and fourth, Bristol got promoted again to the Second Division in the 1926/27 season with former Liverpool centre-half, Walter Wadsworth, as captain and managed a decent twelfth place. Raisbeck resigned on 29 June 1929 after Bristol City finished twentieth out of 22 teams narrowly escaping relegation. Raisbeck later managed Halifax Town (1930-1936), Chester (1936-1938) and Bath City (1938) before returning to Liverpool in 1939, not as manager as he once hoped to, but as a scout. He served Liverpool until his dying day on 12 March 1949. He was then a resident at Bingley Road, only a ten-minute walk from the ground on Anfield Road. He died in Walton hospital after he had been ill for a few weeks, said to be suffering from an attack of jaundice. Raisbeck's death came as a surprise as he had been expected to recover.
Raisbeck said that he enjoyed playing against Everton the most; his duels with Blues' Sandy Young were legendary. When a survey was conducted among Liverpool supporters in 1939 to name the most famous players Liverpool had ever had in their ranks Raisbeck, who had left the club three decades earlier, came second behind the incredibly popular Elisha Scott, the Scot clearly having made a lasting impression thirty years after he left Liverpool. Raisbeck is a member of Liverpool's Official Hall of Fame and certainly deserves to be mentioned in the same breath as Dalglish, Liddell and Gerrard.