Horse Racing Betting: Check Out The Best Rebates For 2019

Horse Racing Betting: Check Out The Best Rebates For 2019

How Do Cash Back Rebates Work?

While every racebook site takes a slightly different approach, the basic premise of cash back rebates are that you receive a percentage of your daily or weekly wager volume paid back into your account whether your bets win or lose. 

The rebate amount usually differs if the bets are made on straight wagers – Win, Place or Show – or exotic wagers such as exactas or Pick3s. Typically there is a small rollover requirement before the rebate can be withdrawn from your account. 

Racebook Rebate Rewards

Bovada Cash Back Rebate

Thanks to features such as multiple future-bet options and the chance to bet on North American and overseas racing, Bovada is one of the top racebooks on the Web.

They are also one of the racebooks that offer a two-tier rebate program, with a 5% weekly cash back rebate on exotic wagers, and 3% weekly cash back on straight wagers.

Bovada requires a one-time rollover of the rebate amount before it can be withdrawn from your account.

In addition, Bovada invites horse players to take part in their Rewards program where you can earn points toward a cash bonus, with every dollar spent on an exotic wager earning 60 points, and every dollar spent on a straight wager earning 40 points. 

The more you bet, the more points you earn and the higher level you attain in the program, the bigger the percentage of cash back is available.  

BetOnline Track Rebates

Another of the most popular online horse betting platforms, at BetOnline they do things a little differently.

BetOnline offers an across-the-board 7% rebate on all wagers, whether they are straight wagers or exotics, and they pay rebates directly back to your account on a daily basis. 

This is a great feature for handicappers who strictly bet to Win, still the most popular type of bet in horse racing.

The only exception to this is for wagers placed at New York Racing Association Tracks (Belmont, Aqueduct and Saratoga being the primary ones) where the daily rebate is 4%. 

As is the case with Bovada, BetOnline doesn’t pay a rebate on $2 wagers that pay out $2.20 or less, and there are no rebates on prop bets. And also like Bovada, they only offer the rebate on tracks designated as A, B, or C tracks – although these cover pretty much all the biggest tracks in North America and overseas. 

MyBookie Rebate Bonus

One of the best up-and-coming rcebooks on the Web, MyBookie is also one of the most flexible when it comes to cash back rebates on horse racing.

At MyBookie, they offer an 8% rebate on exotic wagers placed at A tracks, 5% on B tracks and 3% on C tracks. Straight wagers receive a 3% rebate on all A-B-C tracks. 

Deposits into your account are made daily after midnight. There is no rollover requirement on horse racing cash back rebates, however the money cannot be immediately withdrawn from your account, as MyBookie states in the rebate terms of service “rebates are intended as a bonus for the client to (bet) with”. 

BetDSI Daily Cash Back

Like several of the other racebooks already mentioned, BetDSI offers an 8% daily cash back rebate on all exotic wagers, and a 3% daily rebate on all straight wagers.

There is no rollover requirement on BetDSI rebates, and no restrictions on the minimum volume bet or rebate payout. 

WagerWeb Horses Rebates

Another of the most well-established racebooks on the Web, WagerWeb runs their bonus programs a bit differently than the rest.

As a client at WagerWeb, you have the option to choose from three different bonus programs that offer different amounts of cash back or free play rebates, each with different rollover requirements.

Then, as part of this bonus promotion, you also receive 5% cash back on all racebook bets at major tracks – with no rollover requirement on this specific racebook bonus. 

To be eligible to choose a bonus program at WagerWeb, you must make a initial deposit of $100 minimum.  

Online Racebook Promotions and Rewards

In addition to the various cash back rebates listed here, all of the best online betting platforms offer a variety of promotions and rewards to all of their clients, including horse players. 

For example, as the table below indicates, all of the top-rated online betting sites offer some kind of sign up bonus as a percentage of your initial deposit. These bonus amounts vary from site to site, as do the minimum deposit requirements for claiming the bonus. 

As well, along with Bovada, many of the other sites offer rewards programs that make you eligible to receive additional cash payouts, free play credits or entry into contests. 

Most sites also offer a reload bonus that applies every time you make a deposit into your account. 

Since every site is different, the rules and terms of use around rebates and bonuses also differ from site-to-site, with rollover requirements being just one example of this. 

That being said, it’s very important to read the terms of service for each site before deciding on the betting platform that will work best for you. 

Once you’ve made that decision, you can get down to the business of handicapping, betting and winning on all the biggest tracks and most important horse races around the world.

See below the top sportsbooks where you can wager online and choose the best one for you: