Best Free Horse Racing Bets With No Deposit – Redeem $250 Sign Up Bonus Betting Offer

Alan Draper profile picture
Sports Editor Fact Checked by Nick Raffoul

Horse 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:

  1. TwinspiresBest overall site for horse racing free bet offers
  2. TVGRewarding sign-up bonus for new customers
  3. DraftKings – Trusted site for horse racing free bets
  4. Fanduel – Great horse racing site for odds boosts
  5. BetMGM – Well designed website

A Close Look at the Top Horse Racing Free Bets

We like to know what makes sportsbooks tick, and in this case, we cherish free horse racing bets. So, let’s get down to the nitty and gritty, and explore the top five horse racing sites we have recommended in this regard.

1. Twinspires – Best overall site for horse racing free bet offers

When it comes to horse racing, US bettors are almost spoilt for choice. However, we have found an outright winner, and that’s Twinspires. Aside from having a generous offer for new customers, which is up to $200 in bonus money, it is also the most revered Tennessee sports betting site for horse racing.

Twinspires is the best sports betting site for horse racing free bet offers

Horse racing is closely followed, as mentioned, and Twinspires has a live stream for all horse racing events to bring gamblers closer to the action. The race card is very detailed, and you can find stats on everything from prices to past performances, and even video clips of previous races.

Odds boost are all part and parcel of the Twinspires experience, and with a strong performing mobile app that is available on all devices, there are a few things you will find fault with Twinspires. We should also not overlook that deposits are instant, while withdrawals are processed within 48 hours.


  • Live streaming on all horse racing events
  • Bet builder feature
  • Risk-free sports bet up to $1,000
  • Trusted sportsbook, especially for Tennessee residents


  • Horse racing odds aren’t as competitive as their rivals

2. TVG – Rewarding sign-up bonus for new customers

Coming in a close second on this list is TVG. Like Twinspires, TVG is one of the best horse racing betting apps around, and you will be able to find a live stream to keep abreast of all the action on the track.

TVG has a superb matched deposit bonus on its site


The welcome bonus served up by TVG will appeal to new customers, as it consists of a sign-up bonus of up to $250 and you can get a 50% bonus on your first deposit. TVG in many respects, is a go-to for horse racing, and so you’ll know you’ll be taken care of.

While typically at most sites, you might expect to find the ‘Moneyline’ or the outright winner, at TVG, this is far from the case. Indeed, you will be able to tap into a ton of betting options, including win, place, show, and trifecta.

No stone is unturned, and you can also get detailed stats on the weight of the jockey, as well as all the latest odds. We think TVG is that good, and if you join, you’ll see why.


  • Live streaming available for horse racing events
  • Top-notch app
  • Useful betting tools
  • Plenty of bet types, including win, place, show, and trifecta


  • Only covers horse racing

3. DraftKings – Trusted app for horse racing free bets

DraftKings is one of the newer kids on the block, and since it was established, it has gone from strength to strength. When you first think of DraftKings, fantasy sports springs to mind, however horse racing is covered, and you can do so by swiping on your mobile phone.

Horse racing is easy to wager on at DraftKings

With a rewarding 20% bonus match up to $1,000, DraftKings has provided a competitive promotion, and one that will chime with new players.

DraftKings has offered legal and regulated sports betting for years, and it has quickly built up a reputation for being one of the safest betting sites around. If that wasn’t enough, there is a loyalty program that incentivizes existing players with a gamut of regular promotions and offers.

While horse racing is well served, you can also get in-game betting markets on a wide range of sports, including soccer, tennis, and Aussie rules. When it comes to free horse racing bets, DraftKings doesn’t disappoint.


  • Offers fully regulated horse racing betting
  • Secure site
  • Has a high performing mobile platform
  • Live in-betting available


  • High wagering requirements for bonuses of up to 25%

4. Fanduel – Great horse racing site for odds boosts

Fanduel is a nationwide leader when it comes to dishing up the latest daily fantasy sports as well as regular sports markets. In particular, horse racing is one of the core sports dished up. There are a plethora of exciting features at Fanduel, including odds boosts, as well as My Bets where you can edit your betting selections.

FanDuel have teamed up with TVG for their free horse racing bet welcome offer

The welcome offer is also worth checking out. Indeed, FanDuel has teamed up with fellow leading sportsbook TVG, and bettors are entitled to a $250 deposit match, and bettors can access all the latest horse racing action. For those who wish to use it, they will have to enter a promo code, and bettors can get a further $10 bonus code on the sportsbook.

There is also a Refer a Friends scheme, although bettors will have to log into their account to generate a unique referral link. Fanduel has one of the most responsive apps on the market, which is compatible with iOS, and Android users, and payments are processed very quickly. And when it comes to free bets for horse racing, you shouldn’t pass up the opportunity to sign up for Fanduel.


  • Generous bonus offer
  • Highly responsive mobile app
  • Odds boosts
  • Endless variety of bet types


  • No specific loyalty program

5. BetMGM – Well designed website for horse racing

BetMGM considers itself to be the king of online sports betting, and as a bettor, every effort is made to treat you like royalty. The site is highly intuitive, and it is well designed to suit all kinds of gamblers, whether they are novices or more experienced.

BetMGM considers itself to be the king of online horse racing betting

One of the main standout features, is the new customer offer which is a risk-free bet up to $1,000. To qualify, you have to deposit a minimum of $10, but it is one of the most attractive promotional offers we have come across.

It is very easy to navigate yourself and in the live betting section, you will find myriad markets to help you keep abreast of your chosen meet. There is a handy easy parlay tool where you can compile multiple bets, and you can also search for particular races with the use of the search button.

Although BetMGM could offer more in the way of customer service, in terms of a live chat facility, there is a detailed FAQ section that covers everything from deposits to how to access your account. Nevertheless, BetMGM is well endowed with payment options for bettors. You can make wagers using a variety of options, including VISA, Mastercard, PayPal, and Skrill.


  • Parlay bet tool
  • Handsome risk-free bet up to $1,000 offer
  • Well designed website
  • Good choice of payment options


  • Could do better for customer support

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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 fabulous way to draw in 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.

Twinspires has a great midweek free horse racing offer

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.

TVG is renowned for its matched deposit bonus

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.

BetMGM has a tasty $1,000 risk-free bet offer

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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

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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. Most sportsbooks will have a minimum 5x rollover, so if there was a free $30 bet available, you may have to bet $150, (5x $30) before you can collect money from the free bet.

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 are 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 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 have a 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.


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.


What are the best Horse Racing free bet offers?

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Alan is an experienced writer of online betting and casino guides. He is one of the main editors of Basketballinsiders.