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Betting.net / TwinSpires Deposit Bonus 2023

TwinSpires Deposit Bonus 2023

Latest TwinSpires Deposit Offer Code

Last Updated on February 1, 2023
Fact checked by: Jesse M Cox

Welcome to Betting.net, where we aim to bring you the best betting bonuses from across the gambling world. Today we’re doing to tell you everything you need to know about the currency Twinspires deposit bonus.

We’ve included the basic information about the bonus and what it gets you, as well as a step by step guide on how to claim the bonus. We’ll also provide you with the latest TwinSpires deposit offer code so that you can claim this bonus to its full potential.

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What Do You Get with the TwinSpires Deposit Bonus?

The current TwinSpires deposit offer code gets you a rather unique sign up bonus that’s worth up to a potential $200. Rather than being a straight like-for-like 100% matched deposit offer, such as the one you get with the NetBet deposit bonus code, the TwinSpires bonus gives you $100 in bonus cash for every $400 that you wager.

You therefore need to deposit and wager a total of $800 within 30 days of opening your Twinspires account in order to claim the maximum potential $200 bonus. The good news is that once you’ve claimed the bonus, there are no wagering or turnover requirements that need to be met in order to withdraw any winnings that you make off the back of it.

Additionally, you can spread your $200 bonus cash across multiple race bets within the TwinSpires online race betting platform. Each $100 bonus increment will be deposited into your account within ten business days of the $400 qualifying benchmark being met. This is one of the most unique best betting deals around in the US today.

Can You Get A Smaller Bonus

As we’ve mentioned above, the TwinSpires deposit bonus is released in two separate batches of $100. In order to release each $100 batch of bonus cash, you need to deposit and wager $400. This of course means that in order to release the full $200 bonus that is attainable with the TwinSpires deposit offer code you need to deposit and wager a total of $800 within 30 days.

Understandably, the $800 mark might stretch the budget of some players, which is why many people are left wondering if you are obliged to claim the entire $200 bonus. The good news is that if you only manage to meet the $400 requirement to release the first $100 increment of the Twinspires deposit offer, you will get to keep it. There’s nothing in the terms and conditions stating that you forfeit some of the bonus if you don’t claim the full amount.

While this isn’t as budget friendly and flexible as some other offers, such as the NetBet free spins no deposit, it does leave some scope and flexibility for different betting budgets. If you’re an avid racing fan and keen gambler in a state where Twinspires is legal, then taking advantage of the Twinspires deposit offer code is a no brainer.

What Can You Use the Twinspires Deposit Offer Code On?

You can use your Twinspires bonus cash to wager on any of the hundreds of US and international race tracks available on the site. What’s even better is that both single wagers and exotic wagers are eligible for bonus use. This is an amazing little condition, as more often than not, exotic wagers are restricted. This means that there are a total of ten different race betting types that you can use your $100 or $200 Twinspires bonus cash on. We have detailed the best of these for you below.

Straight Wagers

The simplest form of race bets that you can use your bonus cash to wager on are straight wagers. These types of wagers involve betting on just one single horse. With TwinSpires, there are three different types of straight wagers that you can place using your bonus cash.

Firstly, there’s a win wager, which is the oldest, simplest form of racing bet. With this, you put your bonus money on a single horse to win, and only get your winnings paid out if the horse comes first. Usually the odds are quite long for such wagers.

Secondly, you have to place bets. With a place bet, you wager wins if the horse you have backed finishes in either first or second place. This gives you a better chance of winning than a straight win bet, however, the odds are shorter, so you stand to win less.

Lastly, there’s a show wager, which pays out if your horse comes in first, second or third place. Naturally, the odds for a show bet are even shorter than they are with a place wager. However the risk is far shorter so you could place a bigger stake more confidently.

Exotic Wagers

In addition to the three types of straight wager that we have spoken about above, you can also use your TwinSpires bonus cash on seven different types of exotic wagers. Exotic wagers are more complex in nature than straight wagers, and are therefore not recommended for race betting novices.

Included in these exotics are vertical wagers such as two different types of exacta and trifecta bets. These types of bet have long odds, but a bigger potential payoff, so it’s recommended that you use a small amount of your bonus cash on such bets. Then we have multiple horse bets including daily doubles, pick 3 and pick 4 bet types.

You can read more about all of the aforementioned bet types and how best to use your bonus cash on them on the TwinSpires website.

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What Important Terms Do You Need to Consider with the TwinSpires Deposit Bonus?

Before jumping in and making use of the TwinSpires deposit off code, we recommend taking a minute to take the following terms into consideration.

Where Are You Wagering From?

TwinSpires is exclusively a race betting site, which does mean that it isn’t subjected to the stricter state restrictions that govern sportsbooks that offer betting markets on team and pro sports. However, due to individual state government laws, the TwinSpires bonus isn’t available in all states across the US. Additionally some of the states where it is available may have different rules and terms regarding the bonus. We’ll go into the TwinSpires state restrictions in more details below.

What’s Your Budget

Unlike the Mr. Green 50 free spins, the Twinspires sign up bonus isn’t the most budget friendly bonus out there. While you don’t have to claim the full $200, the lowest bonus you can claim is $100. Claiming the $100 bonus still requires you to deposit and wager $400 in your real cash within 30 days of opening your TwinSpires account.

If that figure looks a little too steep, then this might not be the bonus for you. There are plenty of other deposit bonuses and risk free bets that are more flexible and can suit a whole manner of budgets.

TwinSpires Deposit Bonus Restrictions – Know Before You Bet

As with all race betting promotions and offers, there are some terms and conditions to consider with regards to the TwinSpires deposit offer code. We’ve gone through the TwinSpires bonus terms and conditions for you. Below, you can find an explanation of the most important restrictions to look out for – and how you can actually use them to your advantage.

Bonus Strictly Only For New Customers

As is the case with most sign up betting bonuses, the TwinSpires offer is only available for new customers with some pretty strict rules. Neither exisiting nor former customers can claim this offer. Therefore, if you’ve previously had a TwinSpires account and deactivated it, you won’t be able to claim this bonus.

Additionally, the bonus is restricted to only one per household. Therefore if a family member has claimed the bonus or had a TwinSpires account, you won’t be able to avail of this bonus unfortunately. Account (or former account) holders of AmericaTAB, BrisBET, Keeneland Select, Oaklawn Anywhere, TsnBET, WinTicket,YouBet and FGNetBets are also not eligible for this bonus.

Not really a lot more than you can do with these conditions other than suck it up – unless you haven’t been able to claim the bonus because someone in your household already has a TwinSpires account and you have a second address.

State Restrictions

We already touched upon this point in the above section, but now the time has come to go into it in more detail. As it’s a race betting site, TwinSpires is more widely available in the US than some other operators. However, there are still plenty of states from where you can’t access TwinSpires or any of their promotions.

The states where TwinSpires is available are as follows: 

Alabama, Arkansas, California, Connecticut, Delaware, Florida, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Montana, New Hampshire, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.

This is another restriction that you’ll either have to suck up or move house if you want to get around it. Some states, such as NJ and PA, do allow non residents to use sports and race wagering sites from inside the borders. Therefore if you’re on vacation in one of these states you will be able to sign up and claim the bonus while you’re still physically there.

Time Limits

You have 30 days from the minute you sign up to TwinSpires to make the deposits and wagers required in order to unlock your $200 bonuses. As a reminder, the bonus is released in two separate $100 increments for every $400 that you deposit and wager with your TwinSpires account. You can claim only one of these $100 increments if you so choose.

Once the conditions have been met, the bonus cash does take longer than the average to appear in your account. The maximum waiting period for your bonus is ten business days.

This is actually quite an easy one to make work for you. You just need to know your budget, plan in advance and make sure you keep on track when it comes to meeting those $400 milestones.

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Check Out TwinSpires’ Other Offers in 2023 

The TwinSpire sign up offer is just the tip of the iceberg when it comes to the bonuses and promotions that they offer. This massive race betting site has a whole lot of other promos and offers available to their existing US customers.

Head to the “Offers” tab in the main menu bar on the TwinSpires website and you’ll find a drop down menu with all of the different categories of bonuses available. These categories are; Current Offers, Free Play, Benefits of Joining, VIP Program, Free Bets and the Sign Up Offer.

Some of the current TwinSpires offers and deals include bet back bonuses and the special “Trifecta Thursdays: promotion. With the TwinSpires VIP program, you can earn points for your racing wagers and climb up their tiers to earn extra special offers and prizes. If you’ve got friends, you can get $10 free bets for any of them who sign up to the site.

Looking for a casino bonus? Then check out the LeoVegas free spins no deposit.

TwinSpires Deposit Bonus FAQ

💸 How do I get free money with TwinSpires?

Strictly speaking, there’s no way to get ‘free money’ with TwinSpires or any betting site. What you can get is the TwinSPires bonus – which you can find out more about with our expert reviewers and gamblers here at Betting.net.

🇺🇸 What states have access to the TwinSpires Bonus?

A full list of the states which have access to TwinSpires here in our expert TwinSpires review @ Betting.net.

🤑 Do TwinSpires do free bets?

In the TwinSpire bonus reviews, you can find details of all of the different bonus betts and deposit offers available with this top quality race betting provider in the US.

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