Iron Bets Racing Review
Iron Bets Racing is a legal online racebook launched in October 2024 for iOS, Android, and desktop users.
From day one, the Iron Bets Racing app has taken a customer-friendly approach, with the tagline “The Horseplayer is Always First” prominently displayed on most of its marketing materials.
But what does a customer-first strategy entail, exactly? The following Iron Bets Racing review will discuss what that means in practical terms as we delve into its welcome bonus, rewards program, and other offerings.
- Available in 27 States
- Covers 400+ tracks
- Legal and licensed
Pros
Instant cashback rewardsQuality welcome bonusDaily and weekly promosBitcoin deposits and withdrawalsCons
Doesn’t cover the Kentucky DerbyIron Bets Racing States
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)
Iron Bets Racing Promo Code
Title | Details |
---|---|
Iron Bets Racing Promo Code | Not Needed |
Welcome Offer | 50% up to $300 First Deposit Bonus |
How to Qualify | Sign up for an account Make your first deposit |
Wagering Requirements | Pending bonus released at a rate of 10% of every wager placed |
Iron Bets Racing Bonus
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.
Other Iron Bets Racing Promos
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 Bets Rewards Program
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 Tier | Wagering Total to Qualify | Average Cashback Rate |
Bronze | Up to $2,000 per month | Win/Place/Show Bets: 0.25% to 1% Exotics: 1% to 1.5% |
Silver | $2,0001 to $5,000 per month | Win/Place/Show Bets: 0.5% to 1.5% Exotics: 1% to 2% |
Gold | $5,0001 to $7,500 per month | Win/Place/Show Bets: 1.5% to 2% Exotics: 2%-3% |
Platinum | $7,501 to $15,000 per month | Win/Place/Show Bets: 2% to 3% Exotics: 2.5% to 4% |
VIP | $15,001+ per month | To 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.
Iron Bets Racing App
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 Customer Service
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
- Direct message to the official
Iron Bets Deposits and Withdrawals
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 FAQ
Expert Opinion: Is Iron Bets Racing Legit?
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.