Iron Bets Racing Review

Iron Bets Racing
50% up to $300 Last verified on December 28, 2024 18/21+, T&Cs Apply. Gambling Problem? Call 1-800-GAMBLER
Iron Bets Racing Promo Code: Not Needed
  • Available in 27 States
  • Covers 400+ tracks
  • Legal and licensed
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Pros

Instant cashback rewardsQuality welcome bonusDaily and weekly promosBitcoin deposits and withdrawals

Cons

Doesn’t cover the Kentucky Derby

Iron Bets horse racing betting is legal and available in the following states:

  • Alabama
  • California*
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Minnesota
  • Montana
  • Nebraska
  • New Hampshire
  • New Mexico
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Rhode Island
  • South Dakota
  • Tennessee
  • Vermont
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

*Harness and quarter horse racing only (for now)

TitleDetails

Iron Bets Racing Promo Code

Not Needed
Welcome Offer50% up to $300 First Deposit Bonus
How to QualifySign up for an account
Make your first deposit
Wagering RequirementsPending bonus released at a rate of 10% of every wager placed
Iron Bets Racing bonus 1

Iron Bets Racing welcomes all new customers with a 50% first deposit bonus worth up to $300.

Staying true to the company’s tagline, the Iron Bets bonus is straightforward and features customer-friendly terms.

Here’s how it works:

  • Visit IronBetsRacing.com or search for “Iron Bets” in the App Store or Google Play Store
  • Sign up for an account
  • Make your first deposit
  • Get an extra 50% on your first deposit amount

After you make your first deposit, Iron Bets will place an extra 50% of that amount into your pending “Bonus Account.”

From then on, 10% of every wager you place will release an equal amount of Bonus Account funds into your wagering account until you have cleared the entire bonus.

For example, if you make a first deposit of $600, Iron Bets Racing will place an additional $300 in your Bonus Account.

If you then bet $20 on a race, $2 will move from your Bonus Account to your wagering account. This will continue until you’ve moved all $300 to your wagering account.

Iron Bets Racing maintains a significantly busier promotional calendar than most online racebooks.

While typical horse racing betting sites launch new promotions sporadically and unpredictably, Iron Bets announces daily and weekly offers like clockwork.

Typical Iron Bet horse racing betting promotions award cash, wagering credits, merchandise, tickets to major races, and more for qualifying customers.

A common theme among Iron Bets Racing promos is to award cash to customers who place a minimum threshold of wagers on select races. For example, a standard daily Iron Bets promo might offer a $20 wagering credit to anyone who bets $250 on a select track’s races that day.

Iron Bets Racing also runs special offers for major horse racing events like the Preakness Stakes, Belmont Stakes, and Breeders’ Cup.

Iron Rewards

Iron Bets Racing operates a tiered cashback program called Iron Rewards. All customers become automatic members and earn instant cashback on most wager types regardless of bet sizes.

Iron Rewards is a points-based horse racing rewards program, but customers receive points immediately after placing wagers and may redeem them instantly for cash, with no minimum thresholds. The more wagers Iron Bets customers place, the more points they earn per bet, and the more cash they can claim.

Point earn rates vary based on wager types, track takeouts, host fees, and the customer’s Iron Rewards tier.

That said, bettors generally earn more points for exotic bets, Pick 3s, and Pick 4s. Straight bets, Pick 5s, and certain promotional wagers also earn points but at a slower rate.

On average, most customers will earn roughly the following cashback rates at each reward tier:

Reward TierWagering Total to QualifyAverage Cashback Rate
BronzeUp to $2,000 per monthWin/Place/Show Bets: 0.25% to 1%
Exotics: 1% to 1.5%
Silver$2,0001 to $5,000 per monthWin/Place/Show Bets: 0.5% to 1.5%
Exotics: 1% to 2%
Gold$5,0001 to $7,500 per monthWin/Place/Show Bets: 1.5% to 2%
Exotics: 2%-3%
Platinum$7,501 to $15,000 per monthWin/Place/Show Bets: 2% to 3%
Exotics: 2.5% to 4%
VIP$15,001+ per monthTo Be Announced

Bettors can check their point totals by logging in to the Iron Bets app or website and opening the “Rewards” tab.

Rewards members can also visit the “Iron Values” link in the app’s main navigation menu to view the latest promotions, low takeout wagers, and non-jackpot carryovers.

Note: Bettors in California, Minnesota, Montana, West Virginia, Kentucky, Florida, and Oregon may receive reduced or zero points for certain wager types due to state deductions or source market fees.

The Iron Bets app for iOS and Android provides direct access to pari-mutuel wagering pools at 400+ tracks, including the host tracks of major events like the Breeders’ Cup.

BettingUSA downloaded the Iron Bets Racing app and gave it an extended test run to compare its usability to other online racebooks. During our time with the Iron Bets app, here’s what stood out:

User-Friendly Interface

Launching the Iron Bets app takes users straight to a list of upcoming tracks, sorted by minutes to post. (MTP).

That page prominently displays each race’s MTP, host track, race number, and a logo depicting whether it’s a thoroughbred, quarter horse, or harness event.

Straightforward Wagering Menu

Bettors can select any race on the app’s homepage to see that race’s wagering menu, each horse’s odds, track information, and more.

The bet pad also aids in building and adjusting exotic wagers in an intuitive fashion.

For example, the horse selector instantly splits into three check boxes labeled 1st, 2nd, and 3rd, so users can easily pick which horse goes where in their bets.

Similarly, selecting any type of key bet automatically introduces a check box with a key icon in the horse selector. This allows bettors to choose their keyed horses and makes it easy to review the wager at a glance.

Multiple Wagering Interfaces

Iron Bets users can switch between multiple betting interfaces, such as basic (horse, jockey, and trainer information primarily), advanced (detailed horse information), pace (early-mid-end pace statistics), and more.

Intuitive Small Touches

The Iron Bets app looks like most online racebooks at first, but it increases usability in subtle ways that most racebooks don’t.

For example, minor touches like the jackpot carryover indicator on the main track listing and the way each race’s bet menu links directly to that specific race’s programs in the program shop make it easier to find what you need when you need it.

Iron Bets App Screenshots

Iron Bets promises to offer “top-notch customer service” to all customers regardless of how much they bet.

BettingUSA tested that promise by contacting Iron Bets anonymously via its live chat feature. A live chat bot responded with a message that Iron Bets reps typically answer queries in four minutes or less, and we received a satisfying answer to our question within two minutes.

So far, Iron Bets Racing has delivered in that regard. Customers can contact Iron Bets via several methods:

  • WhatsApp Chat
  • Live Chat in the Iron Bets app or web wagering interface
  • E-mail
  • Direct message to the official
Bank Transfer Bitcoin Cash App MasterCard PayNearMe PayPal Venmo Visa

Iron Bets Racing accepts the following deposit methods:

  • ACH Bank Transfer
  • Visa
  • Mastercard
  • PayPal
  • Venmo
  • Bitcoin
  • PayNearMe
  • Cash App

Customers can withdraw funds from their Iron Bets accounts via credit card (up to the initial deposit amount), ACH bank transfer, PayPal, Venmo, and Bitcoin.

Iron Bets Racing accepts customers based on each state’s legal horse racing wagering age, which is 18 in most states and 21 in others.

Yes. The Iron Bets app and website offer live racing video, replays, and results for all races.

Iron Bets Racing processes withdrawal requests on the same day, meaning bettors receive their funds as soon as their chosen payment method processes the transaction.

Not yet. Iron Bets Racing covers most prominent horse racing events, but Churchill Downs Incorporated (parent company of the Kentucky Derby) does not often extend wagering rights to third-party apps.

Iron Bets Racing is a promising upstart with numerous positive traits, including:

  • Responsive customer support
  • Same-day withdrawal processing
  • Customer-first mentality
  • Cashback rewards and frequent promos

Iron Racing COO Michael Dempsey regularly emphasizes that the “customer first” approach extends beyond vague promises, and the betting app is living up to those statements so far.

The only knock against Iron Bets Racing is its relative youth in an established industry. Iron Bets Racing faces serious competition in online horse racing betting, and it still needs to prove it has staying power for the long term.