There are a few advantages to doing your betting online. The convenience, variety of wagers and ability to compare odds at different tracks all become apparent as you bet. One advantage that makes itself known right away is the variety of promotions. Just visit any race betting website and you’ll see some kind of bonus offer right there on the front page.
All kinds of promotions await you in the competitive world of online horse and greyhound betting. These sites all want your business and go to great lengths to make themselves attractive. Welcome bonuses, ongoing promotions and VIP programs await you at all the major sites.
Racing betting bonuses give you cash in return for signing up and betting. After one site started giving out cash bonuses to new customers, all the others had to follow suit. Now you have your choice of all kinds of different deposit bonuses and promotions.
The Quick List:
BetAmerica: 100% up to $300
BetAmerica.com is my all-around favorite thanks to its wide selection of horse races, greyhounds and fantasy sports. Best of all, the site is licensed right here in the United States. It operates legally from its headquarters in North Dakota.
The betting bonus here is a simple one: they double your first deposit for up to $300 extra. This means that if you deposit $20 for example, you’ll play with $40. You can get up to $300 in this manner.
Clearing the bonus: The bonus money is released at a rate of 10% of all real money wagers you place at BetAmerica. So if you place a $25 bet, this will release $2.50 of your bonus money. Another way to put it is you will need to place a total sum of wagers equal to 10 times the bonus to release it all.
Get your bonus: www.betamerica.com
Promo code: None needed
TwinSpires.com: $100 Signup Bonus
The Twin Spires deposit bonus isn’t as big as what they have at BetAmerica, but it’s quite a bit easier to claim. This one doesn’t require any certain size of deposit; you simply get $100 added to your account after you place a total sum of $500 worth of wagers.
Terms and Conditions: There isn’t much in the way of T&Cs here. The most important thing to note is that you must place your $500 worth of wagers within 30 days of signing up. Don’t sign up for an account here until you’re ready to deposit and play. That way you’ll get the maximum time to meet the bonus requirements.
Get your bonus: www.twinspires.com
Promo code: None needed
TVG.com: $125 Welcome Bonus
TVG.com has two different welcome bonuses for a total of $125 in extra cash. You’ll get the first $100 after you make a total sum of wagers equal to $200. You can get an additional $25 if you try the mobile site on your smartphone or tablet. Just make a wager of $25 or greater while mobile and they’ll drop $25 in your account.
Terms and Conditions: No major terms here other than you have 30 days to place the first $200 worth of wagers. This is pretty much the same deal as what TwinSpires has except it’s easier to get this bonus. It shouldn’t be too hard at all to hit the $200 mark within a month.
Get your bonus: www.tvg.com
Promo code: MOB125
Ongoing promotions don’t all come in one size or shape. They change all the time and are intended as a reward to keep current customers happy and loyal. Racing websites want to keep you around for the long term so they do everything they can to keep you satisfied.
Major events like the Kentucky Derby, Preakness Stakes, Belmont Stakes, Breeders Cup and so on are always attractive targets for online betting promotions. These are the events that generate the most revenue every year and every racing site wants a piece of your business. You can expect to find special cash back rewards, deposit bonuses for loyal customers and much more.
Sometimes you’ll find little random promos like “we’ll give your cash back if so-and-so horse wins” or “free $6 exacta bets next Tuesday.” It’s completely random but there’s always something good when a major event rolls around.
Again with the loyalty: racing sites want to keep you happy and in a betting mood. VIP programs and other types of reward programs are all designed to give you extra value for sticking around. The more you bet, the more loyalty points you earn.
At most betting websites, you can redeem your loyalty points for extra cash bonuses, special handicapping tools, special access to major racetracks and sometimes other things such as electronics and gifts. Most programs have different levels in their VIP programs with increasingly valuable rewards as you move up.
One of the best types of promotions is the cashback promo. In short, this type of promo gives you back a certain percentage of your total bets placed. For example, I have tried some sites that return a constant 5% of your total action every single week. The best part of it all is you get the cash back every week, win or lose.
Cashback promos are found most often at offshore betting sites (which I do not recommend) but you will find them occasionally at US-licensed sites. I know BetAmerica is fond of short-term cash back periods in which they give back up to 9% at times. Any time you get a chance to take advantage of a cashback promo, go for it. It’s a massive value.
Free bet offers give you a chance to place a bet on one race with no possible way to lose money. Most free bets are structured so that you place the bet with your own money and if it loses, the racebook refunds your account. You get all the potential upside and none of the potential downside. Free bets are great.
You need to pay attention to get free bet offers because these offers tend to come and go. The best way to stay up to date is to have an account with each racing site (they send out e-mails for things like this) and follow their Facebook and Twitter accounts.