With more than two decades’ worth of experience, TVG operates as a one-stop-shop for horse racing betting. As a subsidiary of the FanDuel Group, TVG has the financial and technical means to provide network broadcasts, live race streams, and of course, advance deposit wagering.

TVG is now available in nearly three dozen states, with online betting and mobile apps for races held worldwide. Customers can watch live race streams for free and leverage TVG’s handicapping tools to make intelligent wagers.

In addition to the above, TVG offers an attractive welcome bonus to new customers. All bettors who sign up for an account and place their first wager qualify for a refund bonus worth up to $300 if it loses.

TVG Promo Code: $300 Risk-Free

  • Promo code: RISKFREE300
  • Eligible states: AR, AZ, CA, CO, CT, DE, FL, IA, ID, IL, IN, KY, LA, MD, MA, MI, MN, MT, NH, NJ (under 4NJBets), NM, NY, ND, OH, OR, PA, RI, SD, VT, VI, WA, WV, WY
  • Bonus amount: up to $300 wagering credit
  • Rollover requirement: 1x on wagering credits

Horse racing fans in any of the above states may claim a welcome bonus worth up to $300 by signing up for an account and using the promo code RISKFREE300.

Bettors who claim the TVG bonus are eligible for a 100% refund on their first win-type wager for up to $300 back if it loses. The offer is open for 15 days after signing up, and customers only receive the refund if their first qualifying wager loses. TVG does not award bonus funds to bettors whose first bet wins.

Note: Only the first real-money wager qualifies for the TVG bonus. So, if a customer places $300 worth of bets across six separate $50 wagers, they only qualify for a $50 refund on the first bet (if it loses).

TVG issues bonus funds as wagering credits that bettors may use whoever they wish. Customers who receive a refund may not withdraw it, but they may withdraw any money they win with it at any time.

Bettors should also note that bonus funds expire after 30 days. As the TVG terms and conditions state, “any unused portion of the Bonus will be automatically withdrawn from your TVG account thirty (30) days after receipt of the Promotion Bonus.”

TVG Bonus Pros

1. High bonus cap

TVG’s bonus is not in the same league as the $500 to $5,000 bonuses online sportsbooks offer, but a $300 risk-free first bet is top tier for a betting site dedicated exclusively to horse racing.

2. Bonus offered as wagering credits

Most betting sites issue refunds as free bets, which are less flexible than wagering credits.

For example, a customer who receives a $100 refund at most betting sites can only use that money on a single wager. By comparison, TVG’s offer allows customers to use their wagering credits across multiple bets if they prefer.

Even more importantly, free bets typically do not return the initial wager with any winnings. In that case, a customer who places a $50 free bet on a 2-to-1 horse and wins receives $100, not $150. However, a customer who places that same bet using wagering credits receives the initial stake plus the winnings, or in this case, the complete $150.

3. Generous timetable

Players have 15 days after registration to place their risk-free bet and then another 30 days to spend their wagering credits. Even the most casual horse racing fans should have no trouble claiming and using their TVG bonus.

TVG Sign-Up Bonus Cons

All risk-free promos have one obvious flaw: bettors who win their first bet receive nothing other than their winnings. They still receive the benefit of a free ride on their first bet, but if it wins, it’s as if they never received a signup bonus.

Therefore, bettors should consider taking a shot on a reasonable longshot or underdog. If it wins, the bettor receives a hefty payout. If it loses, the bettor has a free pass to try again.

Other than that, the only slightly annoying facet of this promotion is that only single horse wagers with a “Win” bet component qualify. That means exotic wagers do not qualify, and only the win portion counts if the customer’s first bet is a win/place or win/place/show variant.

Is the TVG bonus worthwhile?

Yes.

With bonus terms as lenient as TVG’s welcome offer, there is no reason not to take advantage of it. If the $300 bonus cap is too much risk for bettors on budgets, they can simply deposit a smaller amount and place a wager sized according to their comfort level.

The worst-case outcome of the TVG bonus is that the customer’s first bet loses, and they receive an equal amount in site credit.