Twinspires offer code CTRACING unlocks $400 sign-up bonus for the 2023 Preakness

The Preakness, or the Run for the Black-Eyed Susans as it’s called, is the second leg of the Triple Crown. It will take place at Pimlico Race Course in Baltimore, Md., and is the shortest of all three Triple Crown races at a 1 3/16th of a mile.

The latest Twinspires promo code CTRACING unlocks an excellent offer for horse racing fans. Bettors can get up to $400 in bonus cash when they sign up for a Twinspires account with that promo code. You’ll need to wager $400 to unlock every $100 in bonuses.

We’ll highlight some of the critical conditions for this promotion and offer some betting advice on this weekend’s race in the paragraphs below.

Twinspires Preakness promo offer

The structure of this welcome offer will likely be familiar to seasoned bettors, as many sportsbooks have somewhat similar offers for new customers.

New users can get up to $400 in bonus cash when they wager a total of $1,600 over their first 30 days. So, for a user to get the complete amount in bonus cash, they would need to wager a total of $1,600 within the first 30 days of signing up for an account.

Users will get the bonus cash credited to their account only after they’ve reached the wagering threshold within the first 30 days.

As is the case with all credits or bonus cash, users can deploy the cash for additional wagers but cannot withdraw it. Similarly, any bonus cash earned from this promotion is only eligible for one wager and thus will not be returned to a user in the event of a successful wager.

New users can claim this offer by using the Twinspires promo code CTRACING at sign up.

In this instance, the user’s wager must be complete to count towards the promotion. A completed wager means the race has been finalized and the results are official. Unofficial results will not count towards this promotion.

Offer details

Before signing up with Twinspires, new users should review the conditions outlined below to get the most out of this deal.

This promotion is a bit different because of the delayed payout. As readers will have likely noticed, new bettors have to wager $1,600 over the first 30 days their account to trigger this promotion.

Once they’ve crossed that threshold, they’ll get $400 in bonus bets.

So, if a user signs up for this promotion ahead of the Preakness and wagers $1,000, they’ll need to wager another $600 within the following 30 days to get the $400 in bonus bets.

Critically, only real-money wagers will qualify for this offer as any bets placed using credits or bonus cash will not trigger this offer.

How to wager on the Preakness

While some bettors may be familiar with the nuances of horse racing wagering, it’s worth a refresher. Unlike other sports where the odds are determined by professionals at sportsbooks, horse racing odds are pari-mutuel.

Essentially that means that all the odds are generated from the amount of money people wager on a particular horse. The more money put on that horse, the better their odds are for winning and vice versa. If a horse is heavily favored, that’s an indicator that a broad swathe of bettors has put money down on that horse.

Keeping that in mind, let’s take a look at the odds for the 2023 Preakness. The table below displays the top five horses based on their post position.

Odds courtesy of FanDuel

National Treasure appears to be the public’s favorite thus far. No other horse in the top five posts has single digit odds besides Mage.

Tune in on Saturday to see which horse wins the Run for the Black-Eyed Susans.