Joe began writing for Basketball Insiders at the start of 2023. A keen sports fanatic ever since his first days playing football in junior school, he has developed a flair for writing over the coming years, and graduated with a BA in English Literature. His professional background in the gambling and sports industries now extends to five years, mostly covering horse racing and US sports. He has previously written for sites such as gg.co.uk and cheltenhamfestival.net on the horse racing side, having grown passionate about the sport by visiting his local tracks on a regular basis. As well as this, he has the honor of being published in the Royal Ascot magazine in 2019.
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Following his graduation with an Honors in Business Administration, Nick redirected his focus from conventional stocks and bonds to the world of sports team performance investments. He employs a unique blend of advanced statistics and historical data to construct intricate sports investment models, pinpointing value opportunities and consistently yielding profits. Nick's contributions extend beyond a single platform, as his work can be discovered on outlets such as Pistons Powered, Winners And Whiners, and numerous other publications.
All posts by Nick RaffoulHorse racing has captured the hearts and minds of the American public, and for those who like to have a flutter, there are plenty of great sportsbooks out there offering a wealth of promotions and bonuses. But where can you find the best horse racing free bets?
At BasketballInsiders, it is our job to distinguish between the top sites offering horse racing free bets. Expect to see some eye-catching tables, as well as an overview of key terms & conditions.
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The Best Horse Racing Free Bet Offers
Before we delve a little deeper into the purpose of a free horse racing bet, let’s have a look at our top 5 sites dishing up the best horse racing free bet offers:
- BetOnline- Best overall site for horse racing free bet offers
- BetNow – Rewarding reload bonus for new customers
- Bovada – Trusted site for horse racing free bets
- Everygame– Great horse racing site for odds boosts
- BetUS – Well designed website
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Best Horse Racing Free Bets USA Comparison
At BasketballInsiders, we have made it our mission to weed out the good from the bad, so let’s look at the aforementioned bookies, and the enticing free bet bonuses they serve up:
Sportsbook Free bet bonus Min deposit Min stake Min odds Twinspires Up to $200 bonus money $100 $800 N/A TVG 50% deposit bonus match up to $250 $10 $10 N/A DraftKings 20% bonus match up to $1,000 $5 $5 -300 FanDuel $250 deposit match $10 $10 N/A BetMGM $1,000 risk-free bet $10 $10 N/A Types of Horse Racing Free Bets
Horse racing free bets are plentiful at the best online sportsbooks, and they are essentially a vessel to begin your betting adventure. Welcome bonuses will be clearly signposted, and so let’s tackle the three main forms of free bets you will find at a bookmaker.
Welcome free bets
Welcome free bets are a great way to draw in new customers. Essentially, these are free betting tokens, although be wary that some free bets can only be activated on certain days. Twinspires, for example, offers a $5 free bet when you deposit $50, and that is a special midweek promotion.
Deposit match bonuses
Deposit matched bonuses are very competitive, and also quite lucrative when you make your first deposit. TVG, for example, has a standout promotion is the 50% deposit match up to $250, and it is a trusted site for legal wagering.
Money-Back Free Bets
These are akin to risk-free bets, so you can scoop big rewards. With a money-back free horse racing bet, bookmakers will refund your wager if it loses. We were impressed with the $1,000 risk-free bet stumped up by BetMGM.
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Best Horse Racing Free Bets for Existing Users
The best free horse racing bets will not only be competitive, but they will also be fair, as bookmakers want to retain the loyalty of their customers. Some sites will have a Refer a Friends scheme, such as TVG, where you could receive up to $50 for every friend you refer to the site, while another $50 will be donated to care for thoroughbreds.
Alternatively, some will have a weekly offer, such as BetMGM, and its Money Monday Club. Here, you will be entitled to a $10 free bet if you place $50 in qualifying wagers during the previous week (Monday to Saturday).
Sportsbook Free bet bonus Qualifying stake Min odds Twinspires Up to $200 bonus money $100 N/A TVG 50% deposit bonus match up to $250 $10 N/A DraftKings 20% bonus match up to $1,000 $5 -300 Fanduel $250 deposit match $10 N/A BetMGM Risk-free bet up to $1,000 $10 N/A Grab The Best Promo Codes With Our Reviews
Free Horse Racing Bets Terms & Conditions
While it may seem an arduous task to trawl through all the terms and conditions, they are vital, and can’t be overlooked. At BasketballInsider, we have made life easier for you by picking out the key T&Cs. The same principle applies for horse racing, as it does for say free basketball bets. For the minimum odds, we have provided a table to illustrate this.
Minimum Odds
As mentioned, bookies will always try to be fair in terms of the odds offered. If they are too good, then the bettor will win the free bet, and it could really hurt the sportsbook. Conversely, if the odds are too long, then it will dissuade you from signing up to a particular site.
DraftKings, for example, won’t offer odds lower than -300 for the favorite, so you have to wager $300 to win $100. Let’s take a closer look at the minimum odds of the best free horse racing bets.
Sportsbook Free bet bonus Min odds Twinspires Up to $200 bonus money N/A TVG 50% deposit bonus match up to $250 N/A DraftKings 20% bonus match up to $1,000 -300 Fanduel $250 deposit match N/A BetMGM $1,000 risk-free bet N/A Wagering Requirement
The wagering requirement is a crucial component of free horse racing bets. Indeed, with horse racing free bets, you won’t be able to withdraw the money as a free bet straight away. Instead, you will have to play through the requirement.
In many cases, the wagering requirement will be visible, but with TVG, for example, you will have to go through the T&Cs line by line to find the wagering requirement.
Time Limits
With a free horse racing bet, you can’t afford to sit still. You will need to be quick off the mark to ensure you aren’t discounted from the offer. Usually, gamblers will be given at least 7 days to activate the promotion, and with some sportsbooks, such as DraftKings, bookies have a small timeframe to use the bonus.
Payment Restrictions
Sportsbooks should be seen to be flexible, and versatile. This is particularly important when it comes to payment options served up. There should be a mix of modern payment methods, such as cryptocurrencies as well as the tried and trusted debit and credit cards. Below, you will find an assortment of payment options that are available at our recommended bookies.
Sportsbook Free Bet Amount Payment Methods Twinspires Up to $200 bonus money EZ-Money, PayPal, EZBank, MoneyGram, PayNearMe, Visa, PayPal TVG 50% deposit bonus match up to $250 e-check, debit, credit cards, PayPal DraftKings 20% bonus match up to $1,000 American Express, MasterCard, Visa, PayPal Fanduel $250 deposit match Mastercard, Visa, PayPal BetMGM $1,000 risk-free bet PayNearMe, VIP, Preferred e-check, Electronic Transfer, Online Banking Sports and Market Restrictions
With horse racing free bets, you need to make sure you can activate it at the site of your choice, and that it incorporates free bets. There will be specific T&Cs relating to the types of sports covered with free bets, and some may be limited to just a few select sports.
Similarly, there may also be market restrictions, such as whether you can use it on an accumulator or as part of an each-way bet. Make sure you can use your free bet for your preferred market.
Max win limit
Bookies will normally set maximum win limits, and to a certain extent, the more renowned the bookie, the higher the payout level will be. Setting maximum win limits is designed to protect the bookmakers from incurring big losses, and inevitably the wagering requirements may be steeper too.
Mobile Horse Racing Free Bets
Many top sportsbooks will have a highly responsive mobile app, and usually, the horse racing promotions reflected on the app are different from the ones advertised on the desktop version. For example, at Twinspires, you can tap into a bet back offer on mobile which can be more lucrative than the desktop equivalent.
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Horse Racing Free Bet Tips
To make the most of the horse racing free bets that come your way, we suggest you take on board the following 5 tips:
- Bet big – A free bet is there to be used, so if you have a hunch on the favorite or underdog, then make sure you put that free bet to good use.
- Use a free bet calculator – If you are wondering about the potential returns you could yield, make sure you put it through the handy bet calculators that bookmakers have. Pinnacle has a neat little calculator that you can play around with.
- Check market restrictions – Whether it is a straight-up bet or an each-way wager, make sure you can bet on the markets you want with your free bet.
- Spread your bets out – You don’t have to use your free bet all in one go. Instead, you can spread it out over multiple wagers to maximize your betting experience.
- Be aware of wagering requirements – Make sure you know what the wagering requirements are, so you aren’t in for any surprises. Always check those T&Cs.
Conclusion
Horse racing betting is packed full of drama, and the best horse racing sites will have a live stream so that bettors don’t miss a single beat. And when it comes to horse racing free bets, the most judicious sportsbooks will be replete with some fantastic offers to please their customers.
We are very proud of our list, and the five bookmakers mentioned in this guide all merit their places. Of course, these are our recommendations, but this shouldn’t stop you from scouring for different sportsbooks to find the horse racing free bets that suit you.
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