One of the best reasons to open an account and wager on horse racing through an online racebook is the opportunity to take advantage of numerous bonus programs offered by the various racebooks. When you bet at the track what you get is what you get - a payout determined by the odds if your horses get in the money, and nothing if they don't. And the track doesn't pay you just to show up. But most good racebooks offer a sign up bonus just for opening an account, and cash back on your wagering dollars whether you win or lose.
Horse Betting Deposit Bonus Offers
While all of our recommended racebook partners offer a first deposit bonus of some kind, each individual racebook has their own program regarding how much is offered and what the exact terms are. You can check out our top-rated racebooks to find the one you like.
* REMINDER! - you must be of legal age in your state or province to legally wager on thoroughbred or harness horse racing. Please bet responsibly!
How do cash back bonuses work?
Most of the best racebooks offer their customers what is called a cash back bonus, typically a percentage of the dollar amount wagered on either a daily or weekly basis. And most of these cash back programs pay out cash back on winning and losing bets. A common cash back offer is a percentage, such as 5% on wagers placed on exotic bets (Exactas, Trifectas, Daily Doubles, etc.) and 3% on straight Win, Place or Show wagers. Using these examples, on a daily cash back offer, someone who bet $100 on exotics on a particular day would receive $5 credited back to their account on that day.
What is rollover and why is it required?
It's perfectly understandable that most online wagering companies require you to "rollover" or, basically make a bet, with the money you deposit and the bonuses you receive before you are able to make a withdraw. Without rollover requirements, people could simply open an account, receive a cash welcome bonus, and then take out the money without ever making a wager.
Rollover requirements vary in the different racebooks, and also have variations in the number of times you must rollover the money depending on whether you're betting horses, other sports or casino games. Make sure to carefully check the rollover requirements when deciding where you want to open an online wagering account.