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BetOnline used to offer 7 percent daily rebates and now they have upped their game with an amazing 9 percent daily rebate. This is pretty much well above the average for those sites that offer this incentive.
Weekly rebates are pretty awesome. You can't get any more generous than daily rebates however.
Horse bets typically tend to be small on average, maybe around $10 per day. 9 percent works out to nearly $1 back if you lose. The total of the rebate is deposited back into one's wagering account.
Do understand the rules. For example: The following wager types are NOT eligible for rebates: All wagers that pay $2.20 or less for $2.00, tacks in categories D & E, matchup bets, fixed odds bets and proposition bets.
The 9% daily rebate applies to exotic wagers while a 4% rebate is applied for Win, Place Show wagers at category A, B and C racetracks. For a better understanding, most of the top tracks with the featured races are classified as category A, B and C racetracks. Churchill Downs, where the Kentucky Derby takes place, is a category A.
Telephone wagers will receive a 5% daily rebate on exotics and a 2% rebate for Win Place Show. The only exceptions to this rule are that both online and phone wagers on NYRA tracks will receive a 4% rebate.
There is no limit to how much a player may earn as well as no minimum volume of wagers that need to be placed.
BetOnline offers more than just horse racing. They have a wide menu of sports betting including game and player prop bets, futures, novelty wagers and even a live dealer online casino. The website offers additional welcome bonuses including up to $1000 (50% of what you open your wagering account with). Buddy referrals and re-deposit bonuses are also available.
- Mary Montgomery, Gambling911.com
