TwinSpires offer code: Up to $400 in site credit with code SPORTSLINE

Horse racing betting includes a great new Kentucky Derby promo at TwinSpires. The latest TwinSpires offer code SPORTSLINE unlocks up to $400 in site credit plus bonus bets back on losing Win bets for Churchill Downs races. Here's how those interested can sign up before the 152nd Kentucky Derby on May 2.

The promotion offers users $100 in site credit for every $400 wagered, which means users have to wager at least $1,600 to be eligible for the full amount of $400 in site credit. All bonuses will be issued within 72 hours of bets settling. The promotion lasts for 30 days after you create an account.

In addition to providing expert picks, analysis and schedules for upcoming races, TwinSpires occasionally gives profit boosts, odds boosts and free-to-play races for certain events. However, the best tool for existing users is the rewards program, where users get TLC Elite points, which can be redeemed for wagering credit.

VIP rewards members receive additional benefits. These include free admission to select racecourses, exclusive promotions, reward points multipliers, discounts on TwinSpires Handicapping Store products and Brisnet.com purchases, access to VIP events, free programs and other services.

TwinSpires will often run additional promos for those interested in betting on the Kentucky Derby. To find these offers, click the Offers tab at the bottom of the app. These races typically run up to a week before the big race and often include other race days at Churchill Downs before the first Saturday in May. 

In addition to the TwinSpires offer code SPORTSLINE for up to a $400 bonus, TwinSpires is adding another promo to celebrate the Kentucky Derby and Spring Meet at Churchill Downs. Go to the Offers tab and opt in for the $10 Bet Back promo. 

Opt in and receive a Bonus Bet up to $10 back on your first single horse Win wager if your horse runs second or third in all eligible races at Churchill Downs from April 25 through Kentucky Derby Day on May 2. Here are the eligible races at Churchill Downs during that period: 

Here are each of the horses for the Kentucky Derby 152 on Saturday, May 2. Click on the odds to wager now.       

Horse racing has a variety of betting markets for users to explore, but there are some important differences between horse racing and traditional sports betting. The first is parimutuel wagering, which is a system where all the money bet on each market is pooled together until the race begins. The racecourse and books take a cut of this pool for their operational costs, and the remaining pool is divided out among winning tickets.

The second difference is how horse racing odds shift and impact wagers. If you made a wager at 5-1 odds in traditional sports betting and the market later shifted to 4-1 odds, you would still be paid out at 5-1 odds because that's what the market was when you made your wager. In horse racing, your odds shift as the money bet on each horse in the pool shifts. So if you wagered on a horse to win at 5-1 and the market later adjusts to 4-1 and the horse wins, you'd be paid out at 4-1 odds instead of 5-1 odds.

Here's a look at the different types of wagers you can make in horse racing betting and what they mean.

TwinSpires has some unique offerings on its platform. 

Sportsbooks offer bonus bets, which is similar to how racebooks offer site credit. However, winning wagers for bonus bets do not include a stake back, since those bonus bets are technically not coming from the user. At TwinSpires, the site credit is included in winnings. For example, if you bet $5 in bonus bets at +200 odds at an online sportsbook, you'd get back $10 instead of $15 if you traditionally wagered $5 at +200. At racebooks, you would get $15 back even if you use site credit.

TwinSpires also offers full refunds on bets before a race is run. Sportsbook users are able to cash out of their bets but those payouts vary depending on how the odds have changed and are not always available. While you cannot cash out while a race is being run, which is different from traditional sportsbook cashouts, you can always cash out for a full refund at TwinSpires before a race starts.

Here's a look at the deposit and withdrawal options at TwinSpires, along with any fees.

PayNearMe also has a maximum deposit limit of $500 and a daily deposit limit of $500. 

Withdrawals made through the app or website will be paid out online through the bank account or PayPal account associated with a user's account.

Users can withdraw funds over the phone. They'll receive a check in the mail once their identity has been verified. In-person withdrawals can be made, but only at select sites. This requires two forms of identification, one of which is a government-issued identity card. Users will receive cash once their identity has been verified.

Here's how the TwinSpires app rates among users in the Apple and Android stores. 

It was easy to see what I was betting on with TwinSpires. However, it can get confusing to know which horse is being picked to finish for Win/Place/Show bets before getting to the expanded bet slip on the app. The website is even less clear on this, which is something that can be improved for new TwinSpires users. 

As far as the promotion goes, TwinSpires is delivering strong value for those who are willing to make a substantial investment in horse racing betting. However, those who are new to horse racing betting might not be willing to spend the full $1,600 in order to receive $400 in site credit. Some users might only bet on one or two races, which makes it difficult for them to take full advantage of the site credit.

TwinSpires has built an impressive platform for horse racing betting with plenty of functionality for users. Although there was some lag on the app, the website had no issues when it came to user experience. There are plenty of resources whether you are new to horse racing betting or a veteran gambler, and the TwinSpires promo code does give those who invest a substantial return in the form of site credit.

One potential drawback for new users with the promotion is the lack of attention to smaller races. The Kentucky Derby, Preakness and Belmont Stakes are in the spotlight as part of the famed Triple Crown, but there are a lot of other races which take place. TwinSpires does have plenty of expert analysis and picks for races so users can get the information they need. While most sports fans may only watch the biggest horse races of the year, like the Kentucky Derby, TwinSpires offers options for horse racing betting every day from tracks around the world.

TwinSpires is running a promo where new users using code SPORTSLINE get $400 in site credit over the course of 30 days. This is done in $100 increments for every $400 spent, so users have to spend at least $1,600 in 30 days to get the full $400 available through the promotion.

The TwinSpires bonus code for this promotion is SPORTSLINE.

TwinSpires is a reputable horse racing betting platform and it is safe to bet on TwinSpires when doing so responsibly.

In most cases, TwinSpires does not charge a fee for deposits and withdrawals. However, there can be fees from the third-party affiliates when making some of those transactions. For example, credit cards charge a fee for depositing funds. If you deposit funds via a bank wire transfer, your bank may charge you fees as well.

There are plenty of ways to withdraw money from TwinSpires, including online, over the phone and in person at specific locations.

As mentioned above, TwinSpires is a reputable horse betting platform. It is a legitimate operation. TwinSpires is available in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.

Chinmay Vaidya