Kentucky Derby Betting Promotions

Commercial Content | 21+ | T&Cs Apply

The 2021 Kentucky Derby will be held on Saturday, May 1 at Churchill Downs. What types of Kentucky Derby betting promotions will be available for the greatest two minutes in sports?

We’ll take a look at some of the best promotions from Kentucky Derby online betting websites and how they work. Check the Kentucky Derby Results to see who won, the finishing order and payouts.

Kentucky Derby Betting Offers

Our top choice for horse racing betting, TVG is offering some great Kentucky Derby Betting Promotions.

TVG Kentucky Derby Risk-Free Bet

Kentucky Derby betting offers can be found across many websites, but here is a great opportunity with TVG.

TVG is one of the premier horse racing betting platforms in the industry. They will offer a handful of great Kentucky Derby betting promotions. They even offer online streaming to watch horse races from all around the world.

TVG is currently offering a $300 risk-free bet for new customers. All you have to do is sign up and create an account in order to receive the welcome offer. Place a single horse win bet, and if you lose, TVG will credit your account up to $300.

This is a great way for beginning bettors to get their feet wet, or for bettors new to TVG to be introduced to new opportunities.

TVG Welcome Bonus Offer

Bonus Up To $250 - Get a 50% Bonus On Your First Deposit

TVG is the leading horse racing betting operator in the US. It has the widest coverage of horse races and some regular offers and bonuses. Currently, new customers can enjoy a 50% bonus on your first deposit and get up to $250. T&Cs apply, 18/21+.

Oaks & Derby Moneyback Special

On Friday the 4th, you can get up to $10 back on your bet if your horse finishes 2nd or 3rd on any race at Churchill Downs. On Saturday the 5th, you can claim this offer for Races 3-7 and the Kentucky Derby (Race 14).

This offer is only valid for single bets (no exotics) and will only the first wager placed after opting in for this promotion will be eligible for a cashback. Ina win/show, win/place, or win/place/show bet, only the “win” part of the bet is considered eligible.

The maximum amount that can be received as cashback is $10. This promotion is open to new and existing TVG customers. Only available in TVG participating states, 21+, T&Cs apply.

derby oaks cashback

We will stay updated with exclusive horse racing sign up bonus’ and Kentucky Derby promo codes until the big race.

Twinspires Sign Up Bonus

Twinspires is the official partner of the Kentucky Derby. New users can get up to $200 as a welcome bonus when they sign up.

$200 Sign Up Bonus

Create your new wagering account with and earn a $200 sign up bonus! Must use promo code on registration to be eligible. Valid for one use per household. $200 bonus cash will be credited in increments of $100 for every $400 wagered. To earn the full $200 bonus players must wager $800 within 30 days of creating a TwinSpires account. Completed wagers mean that the race has run and the results are official. This sign up offer cannot be combined with any other registration bonus offer. Certain exclusions apply. All management decisions final.

kentucky derby betting promotions

Types of Kentucky Derby Promotions

There are plenty of unique offers and deals when it comes to betting on horse racing, especially so with Kentucky Derby betting promotions. There are opportunities for bettors at every level.

What do we recommend? We will take a look at the differences between the offers in order to decide what works best for you.

Here are common deals that horse racing operators will offer for Kentucky Derby bets and how they work:

Risk-Free Bets

These offers are usually exclusive to new customers of a website. A “risk-free bet” refers to placing a wager for a certain amount of money, then receiving that amount in credit if you lose the bet. It is a perfect risk-free introduction to Kentucky Derby online betting.

However, be aware that this Kentucky Derby betting offer will only apply to a certain wager. For TVG, the risk-free bet is for a single ‘win’ bet only. It will not apply to bets such as exacta’s, trifecta’s, or other exotic bets.

TVG Welcome Bonus Offer

Bonus Up To $250 - Get a 50% Bonus On Your First Deposit

TVG is the leading horse racing betting operator in the US. It has the widest coverage of horse races and some regular offers and bonuses. Currently, new customers can enjoy a 50% bonus on your first deposit and get up to $250. T&Cs apply, 18/21+.


For this promotion, bettors will receive cash back after a losing bet. However, a certain outcome is often aligned with the offer.

For example, if you bet on one of the Kentucky Derby horses to win, you could still receive cash back for finishes of 2nd or 3rd. Always check to see the amount available in the offer as the promotion may vary.

In addition, this could also come into play for some offers on a pick 4 bet. Winning 3 legs out of the four may result in cashback. This can provide you with several opportunities to win.

Money Back on the Derby & Oaks Days

Cash Back for 2nd or 3rd places

Up to $10 Back Per Race

Place any single bet on any race at Churchill Down on Friday, September 54, or races 3-7 and the Derby (race 14) on Saturday, September 5, and get up to $10 if the horse you bet on doesn't win. T&Cs apply.

Free Bets

How does a risk-free bet differ from just a free bet? A Kentucky Derby free bet would be an independent wager, not incorporated with a first-time wager.

These will also be paid out regardless of the outcome of your bet. You would still make the money from your win, plus the promo amount for an additional free bet. Kentucky Derby free bets will be a popular form of promotion for the race.

Specific Kentucky Derby promo codes may be needed to take advantage of this offer for the big race.

Deposit Match

Horse racing websites, such as TVG, will require you to deposit a certain amount of money before you are able to begin betting. Deposit match offers will grant you the additional amount in credit to place wagers.

Different from free bets, the money doesn’t need to be spent all on one wager. If you deposit $200 and receive a $200 bonus credit, you are able to place Kentucky Derby bets of any amount that you wish.

These Kentucky Derby betting offers are limited to a certain amount of money. Sometimes all the way up to $300.

Best Odds Guaranteed

Kentucky Derby betting promotions may include a “Best odds guaranteed” wager. This will come into play if the Kentucky Derby horse you select starting price ends up higher than the odds you take.

In a win for this Kentucky Derby bet, the operator will pay out at the higher price. These offers will only be available for bets placed the day of the race, and other stipulations may apply to each bookmaker.

For example, if you backed a Kentucky Derby horse that was at 3/1, then drifted to 5/1 when they hit the post, it wouldn’t matter. The operator with this promotion will pay out at the longer odds. Check out the Kentucky Derby Odds 2020.

Inquiry Relief

Some online racebooks will offer inquiry relief on the Kentucky Derby. This is very important, especially after what happened last year. But what does this mean?

An inquiry is a review of the race to see if there were any possible infractions. If so, a horse can be disqualified after the race even if they crossed the finish line first.

Inquiry relief will pay out if your horse crosses the finish line first, even if your horse is disqualified. The 2019 Kentucky Derby still remains in the mind of many horse racing fans. The horse that finished first was disqualified after a review of the race.

If this were to happen again, you would still be credited for the win with this Kentucky Derby betting offer.

Refer a Friend

Most operators are looking for ways to add on new customers. The “Refer a Friend” offer will likely be available in the weeks leading to the Derby.

If you refer a friend to the platform, both you and the new customer will receive a bonus. The amount will be different for every operator, but usually sits around a $20-25 bonus. Just as many other bonuses, this is credit that cannot be cashed out before placing a bet with the additional funds.

TVG Refer a Friend Bonus

Give $25, Get $25

Existing TVG customers can invite their friends to register. Both parties will receive up to $25 in site credit after the referred friend makes their first deposit (the referee will get a match of their first deposit). A maximum of 40 referrals can be made. T&Cs apply.

Kentucky Derby Promo Code

In order to receive many of these Kentucky Debry betting promotions, a promo code may be required. These codes will be short words or phrases, usually with no spaces, that will need to be entered into the website before receiving the offer.

In addition to the offer, there will be steps to redeem the Kentucky Derby promo code if it is available.

On the other hand, many promotions will be available without the need for a promo code. Existing and new customers will both have Kentucky Derby betting offers that will be applicable without further action of entering a code.

Since the Kentucky Derby is the second leg of the Triple Crown this year, there is an opportunity to check out many of the horses that ran in the Belmont Stakes. Tiz the Law performed just as many people thought and will likely have the best odds to win the 2020 Kentucky Derby.

However, there are several horses that will be seeking revenge in September, as well as additional horses not featured in the Belmont. The field of twenty creates an exciting two minutes, making this a marquee event for sports wagering.

Watch the Kentucky Derby live on September 5th in order to use the betting promotion that will best benefit you!