Racelinebet.com sign-up bonus

Is there $100 bonus any good? I've been wanting to sign up to catch it, but don't want to if restrictions make it worthless or I can't cash out. The way it seems to me, deposit $100 linked to bank account, make $100 in bets, get $100 added to your horse racing account. Cash out, get your money back. Seems too good to be true obviously, so what surprises await. They mention a few other sites you're ineligible if you had accounts there. Are any of those better than this site's offer?

Racelinebet is one of many marketing fronts for Twinspires, which is the advance deposit wagering network owned by Churchill Downs, Inc. Those "other" sites they mentioned are undoubtedly not really "other" they are just the same company using different names to sell themselves. If you look really hard for fine print you'll discover a Churchill Downs, Inc. copyright notice on the Racelinebet site and other CDI affiliates. What I can tell you is that CDI/Twinspires wagers are co-mingled with the track pools, transmitted through a major national hub in Oregon, and player accounts are well regulated in segregated accounts, so if you lose your money it won't be because your balance is looted by some goons operating under authority of the Goombah Gaming Commission in the People's Republic of Bananastan.

These kinds of one-time only bonus incentives for new customers are common. For example, their major competitor is Xpressbet.com which is owned by Magna Entertainment, which is Frank Stronach's company that owns Santa Anita, Gulfstream Park, and other tracks and is North America's largest thoroughbred racing company. Here is their pitch for new people:

Quote: Xpressbet

$125 Cash Bonus for New Accounts

Open a new account, deposit and wager $100, and we’ll give you up to $125 the very next day.

http://www.xpressbet.com/SpecialOffers

There are others that are not connected with these two big ones, and I'd expect to see something similar available from most of them. I really can't tell you for sure whether any of them use any trickery to make it hard to get the bonus. With most of them (that are NOT offshore) I doubt they do that, but I could be wrong in a few cases. Personally, if I was only going to use just one or only a very few of them, I'd much prefer Xpressbet over CDI's Twinspires affiliates such as this "Raceline" marketing shell, because I happen to despise CDI, the company that owns them, for a bunch of reasons unrelated to your questions and what you're thinking of doing. But there's really no reason for you to let my bias get in your way if there's something you find you particularly like about them.

Betting horses really isn't something addictive for me and either this one or the one you mention, I'm just after their money. Have you played xpressbet for the bonus yourself? Any problems?

I probably should wait until the Kentucky Derby but they might not offer them then.

Quote: onenickelmiracle

...I'm just after their money.

Well, I certainly hope so.

Quote: onenickelmiracle

Have you played xpressbet for the bonus yourself?

I can't, because:

#1) I am not remotely "new" to them, to put it mildly. When Stronach was first creating it, years ago, I lived in Oregon and shared an address and a bed with one of his first employees hired to put together that national wagering hub, after she had worked at one of his smaller tracks. My national online ADW accounts are ancient and dormant, but if I put my name in as "new" the first thing that would happen is a lot of laughter up north, and the second would be a very personal response that begins "So how've you been and just WTF do you think you're doing?"

#2) I now live in one of the few States that don't allow it. (I think it is currently something like 37 States that DO allow it under the Interstate Horseracing and Wagering Act.) So after a certain redhead sent me a letter bomb, I'd also be informed that my address makes me ineligible.

Quote: onenickelmiracle

Any problems?

Other than that, nope.

Good luck horsing around.

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