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Twinspires promo code offers $400 max bonus for Kentucky Derby 2023

Horses work out at Churchill Downs as the moon sets in the distance Friday, May 5, 2023, in Louisville, Ky. The 149th running of the Kentucky Derby is scheduled for Saturday, May 6.

The Twinspires promo code CTRACING unlocks a generous sign up offer for Kentucky Derby fans. Racing bettors can get up to $400 in bonus cash when they deploy that promo code at sign up.

We’ll provide some more context to this offer and highlight some of the favorites for the 2023 Kentucky Derby in the subsequent paragraphs

Twinspires Kentucky Derby offer

This welcome offer will be familiar to most experienced bettors, as many different sportsbooks offer a similarly structured promotion for new players.

With this Twinspires promotion, new users can get up to $400 in bonus cash when they wager $1,600 over the first 30 days.

Critically, new users must sign up with the Twinspires promo code CTRACING to unlock this promotion.

To earn the full $400 in bonus cash, bettors need to place at least $1,600 within their first 30 days after sign up. Failure to do so will cancel out the promotion.

A completed wager means that the race has been finalized and the results are official.

Relevant offer details

There are some relevant conditions for this offer that users should review before signing up with the Twinspires promo code.

Readers will have likely noticed that this promotion requires users to wager at least $1,600 over their first 30 days. With that in mind, this promotion has a delayed payout, so while it is restricted to new customers — indicated by the sign up qualification — new players won’t get their $400 in bonus bets until 30 days after sign up.

As noted, the distribution of those bonus bets is predicated on the user wagered $1,600 over the course of those first 30 days.

So if a users signs up for this offer ahead of the Derby and wagers $500 on the Run for the Roses, they’ll need to wager another $1,100 in cash to complete this promotion. Critically, only cash wagers are eligible for this promotion and any other bonus cash wagers will not trigger this offer.

How to use the Kentucky Derby offer

Notably, betting on horse racing in general is a bit different from placing standard sports bets.

Horse racing, and by extension the Kentucky Derby, is a pari-mutuel so the odds you see are based on the amount of money other bettors are wagering on a particular horse, if that horse is favored that indicates that other people are putting substantial money on that horse.

With that being said, let’s take a look at the favorites and long shots for this years Run for the Roses. Critically, Practical Move scratched as of Thursday.

Odds courtesy of FanDuel

Horse Odds
Forte 3-1
Tapit Trice 5-1
Angel of Empire 8-1
Derma Sotogake 10-1
Two Phil's 12-1

Forte appears to be the public’s favorite thus far but both Tapit Trice and Angel of Empire have favorable odds and could payout well if they show or place, respectively.