What is a Horse Racing Bonus?
You will hear people that bet horses online frequently speak of a horse racing bonus. This is an amount of free money that is given to those with a racebook account. Making online racing bets is legal in all U.S. jurisdictions and can be done from a computer, smartphone, or tablet.
These bonuses for horse bettors can take several forms. One of the most popular is the racebook welcome bonus. This bonus is for new players. It can be a varying amount depending on the racebook you choose. Some will match your opening deposit up to a certain amount and some will even double or triple your first deposit. Others offer a fixed bonus that is given to you at sign up. It could be anywhere from $50 to $100 or more and varies. At Kentucky Derby time and near the Breeders’ Cup the amount can go up.
Another bonus for online bettors is free bets that are offered from time to time depending on how much you play. Your racebook may occasionally give you $10 or more in free bets. You should always check when you log in to your account and see what promotions are being offered.
How To Claim Racebook Bonus Money
The first thing you will need is an account with a racebook. You can choose one that EZ Horse Betting recommends for easy access. Just click on the banner and you’ll be taken directly to the racebook’s website. Once there, all you need to do is enter some information and choose a log in name and password. Your account will be set up and ready for live betting in minutes.
The next step to claiming free bonus money is to make your first deposit. A variety of deposit methods are offered by online racebooks including Visa, MasterCard, or bank transfer. Once your deposit has been made, the bonus will be credited to your account. Most of the time the bonus is kept separate from your regular deposit due to something known as a play through or bet through.
The racebook will issue you a wagering credit equal to the amount of your bonus. You cannot cash out this bonus right away. To claim it, you must play through an amount of wagers equal to the bonus money. Typically, the bonus is released in increments proportional to your play through. To claim 100% you will need to satisfy the whole play through requirement.
One thing about a horse racing bonus that is different from many online casinos is the ratio of the play through. At many racebooks you only need to satisfy a 1:1 ratio in order to receive the bonus. In other words, if you are given a $50 bonus you must make $50 in bets from your regular deposit before the bonus becomes available to cash out as winnings or used to make other bets.
Other Horse Racing Bonus Types
Some racebooks also offer other types of bonuses that can put extra money into your account. One of the most popular is the rebate. A rebate returns a portion of your losing wagers each month to your account. This can be very lucrative if you wager a lot of money on a regular basis.
A rebate serves as a sort of hedge against your losses. The amount of money returned to you is credited right to your account and there is no play through requirement for claiming this money. It can be used immediately for making live bets.
Most racebooks have a rebate shop for high rollers. You can receive as much as 8% or more of your losing wagers back. You should ask your racebook if they have a rebate program available and what the requirements are for participating in it.
Don’t you think it’s time you open your own racebook account? You can bet horses online at the world’s most popular racetracks right from the comfort of your own home. Claim your horse racing bonus and get started today. You can create an account on several sites so check our Bovada racebook review, Twinspires review or even our Betamerica review. All great choice if you are in the US. 5Dimes review for folks anywhere!
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