The Kentucky Derby represents the single biggest day in North American horse racing for online racebooks. For instance, last year’s Kentucky Derby weekend covering both major races (the Derby and the Oaks) collected more than $200 million in wagers from domestic sources alone. That kind of money is more than enough to get the competitive juices flowing at racing betting sites big and small.
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The 2018 Kentucky Derby shows no signs of slowing and online racebooks are now gearing up for a big weekend. Now is the time for them to attract new customers, reactivate former customers and stand out as the place to bet on the Kentucky Derby online. What it all means for you is this: you can take your pick of a wide range of horse racing bonuses and promotions this week at all the best online racebooks.
Today’s post will be 100% focused on Kentucky Derby betting promotions rather than race analysis and horse previews. If you want to read up on the actual race, picks and some interesting betting trends, you can see our Kentucky Derby betting guide. From here on out, we’ll be talking about promotions you can use to get a little extra value this week at the best North American race of the year.
$100 BetAmerica Deposit Bonus
BetAmerica usually comes up with special promotions just for the Kentucky Derby closer to the day of the race, but for now the one thing they definitely have on offer is a new customer bonus of up to $100.
If you don’t already have an account with BetAmerica, you can sign up today and make a deposit to claim your bonus. Any amount you deposit will be doubled for up to $100 extra. That means a $20 deposit will get you an extra $20, a $50 deposit will get you an extra $50 and so on.
Clearing the Bonus: After you make your first deposit, BetAmerica will add the bonus money to your pending account. After that, your bonus will be released to your real money account at a rate of 10% of all wagers paced on horse races. This means if you claim a $100 bonus, the full amount would be released after placing a total of $1,000 worth of wagers.
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TwinSpires Kentucky Derby Promotions
Out of all the betting sites detailed so far, TwinSpires has the greatest variety of promotions on offer specifically for the Kentucky Derby. All new customers can also take advantage of a deposit bonus in addition to these other promotions. TwinSpires is not my favorite betting site for horse racing because the betting options are limited compared to some others, but these promotions go a long way in making up the difference.
New Customer Bonus
Right off the bat, all new customers can get up to $100 in bonus money for joining TwinSpires and making a deposit. This deposit bonus is unlike all others in that it does not require a particular deposit amount to get the full bonus. Any amount you deposit can be used to claim up to $100 extra.
The way it works is after signing up and making a deposit, TwinSpires will begin dropping $20 bonuses in your account for every $100 wagered. This means you can get the maximum bonus amount of $100 after wagering just $500.
Kentucky Derby Bet Back
Log in to your TwinSpires account and visit the promotions area to opt in for this offer. Afterwards, place a win bet on any single horse in the Kentucky Derby and you’re qualified. If your horse finishes in second place, TwinSpires will refund your wager for up to $20 back.
Kentucky Oaks Bet Back
Not to be forgotten, the Kentucky Oaks is another big race that will be running this weekend during the Kentucky Derby festival. The Kentucky Oaks takes place on Friday and TwinSpires will be running a similar bet back promotion for this race as well.
The deal with this one is if you opt in and then back a single horse to win the Kentucky Oaks, TwinSpires will refund your bet for up to $10 back if your horse finishes second.
$5K Cinco de Mayo Split
On Kentucky Derby day, place a $5 win bet on any single horse running in race 5 for a chance at winning a share of $5,000. If your $5 win bet is a winner, you’ll split $5,000 with anyone else who also picks a winner as a part of this promotion.
Oaks Derby Double Bet Back
In the Oaks Derby double wager, you attempt to pick the winners of the Kentucky Oaks and the Kentucky Derby for a much larger payout. If you opt in and place this bet with TwinSpires, you may qualify to get your bet back depending on how your wagers turn out.
To qualify, log in to your TwinSpires account and then opt in to this promotion. Then place a single bet on the winner of the Kentucky Oaks and then back as many winners as you want in the Kentucky Derby.
If you get the Kentucky Oaks pick correct and are still live in the Derby, TwinSpires promises to refund your bet back for up to $20 if your bet does not hit.
$15,000 Bourbon Double
The $15K Bourbon double works similarly to the previous promotion, but for different races. Just opt in at the TwinSpires website and then place a double bet on the winners of races 11 and 12 on Derby Day to split up to $15,000 in additional prize money:
- If you pick the winner of race 11 (Turf Classic), you get your share of a $2,500 prize pool
- If you pick the winner of race 12 (Kentucky Derby), you get your share of a separate $2,500 prize pool
- If you pick the winners of both races, you get your share of a third $10,000 prize pool in addition to your winnings
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