TwinSpires is the official advance deposit wagering provider of Churchill Downs, home of the Kentucky Derby.

Churchill Downs Inc. now offers online sports betting through the TwinSpires brand, but it has not abandoned its horse racing roots, which date back to 1875.

If anything, TwinSpires has doubled down on horse racing betting. Today, TwinSpires serves customers in more than two dozen states and offers new customers an enticing welcome bonus that only requires a minimal deposit to fully leverage.

The TwinSpires horse racing bonus is a rare example of a fair, easy-to-understand, and potentially lucrative welcome offer.

TwinSpires Horse Racing Promo Code: $200 Bonus Money

  • Promo code: BET200
  • Eligible states: AL, AR, CA, CT, DE, FL, IL, IA, KS, KY, LA, MD, MA, MT, NH, NY, ND, OH, OK, OR, PA, RI, SD, TN, VT, VI, WA, WV, WI, WY
  • Bonus amounts: $200 bonus cash, issued in increments of $100
  • Rollover requirement: 4x

The beauty of the TwinSpires racing bonus is in its simplicity. Customers can deposit any amount they want and enter the promo code BET200 to qualify for up to $200 in bonus money based on the wagering activity.

Regardless of their deposit amount, bettors can earn up to $200 in bonus funds based on their wagering activity over the next 30 days:

  • Place $400 worth of wagers within 30 days of registration: receive $100
  • Place $800 worth of wagers within 30 days of registration: receive $200

All told, the wagering requirements work out to a 4x rollover, which is quite reasonable compared to the 10x, 20x, and 30x rollover requirements seen elsewhere.

After bettors receive their bonuses, they may use them just as they would cash. The only caveat is that customers must wager their bonus funds one time on TwinSpires to convert them into withdrawable cash.

Players have 30 days from the date of registration to take advantage of this offer.

TwinSpires Horse Racing Bonus Pros

1. No set deposit requirement

Nearly all sign-up bonuses require a substantial upfront commitment from customers.

For instance, deposit matches award bonuses based on the size of a player’s initial deposit capped at a predesignated amount. Sometimes the bonus is a dollar-for-dollar match, but often it’s a 25 – 50% match.

For comparison’s sake, a 25% match bonus would require customers to deposit $2,000 to receive a $500 bonus – and that’s too rich for most people.

Likewise, the risk-free bets that are popular in sports betting require customers to wager $500, $1,000, or more on their first bet to qualify for a substantial bonus. As such, customers need to deposit at least that much just to get started.

TwinSpires only asks that customers wager $400 or $800 in their first 30 days. Doing so requires some sort of deposit to get started, but there is no minimum deposit limit to qualify. A mere $10 deposit might do the trick if the bettor backs the right horses.

2. High cashback rate

Parimutuel vigorish tends to be on the high side, but at 25% cashback, the TwinSpires horse racing bonus easily covers the track take.

3. Generous terms

The TwinSpires racing bonus is not subject to unfair terms and conditions. New customers simply place their bets and collect their money.

The only trap bettors could fall into is coming up just short of the wagering requirements to unlock the full bonus amount because TwinSpires releases the bonus in $100 increments for each $400 wagered.

For example, if a new customer places $399 worth of wager during their first 30 days, they receive nothing. Likewise, anyone who wagers between $400 and $799 only receives half the bonus. New users need to make sure they place at least $800 worth of wagers to claim the full bonus amount.

TwinSpires Horse Racing Welcome Bonus Cons

The only way the TwinSpires racing bonus comes up short is in its $200 maximum bonus cap. Getting an extra $200 is not terribly low, but the competition does a bit better.

Other than that, there isn’t much to complain about regarding the offer.

Is the TwinSpires Horse Racing bonus worthwhile?

Yes. Bettors who choose to forgo this beginner-friendly and easy-to-unlock bonus will miss out on a substantial amount of value.

Whenever a bonus comes along with few-to-no strings attached, it’s worth claiming, whether it’s worth $1,000 or $5. Good deals in horse racing betting are hard to find, so bettors should jump on the opportunity.