TwinSpires offer code: Get $400 Bonus with exclusive sign up promo code for today's Preakness Stakes betting

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The 150th running of the Preakness Stakes takes place today, and a new TwinSpires offer code is one of the best online horse betting promos. New users can use TwinSpires bonus code CBSSPORTS and get up to $400 in additional site credit. Betting on horse racing online is not available on sportsbook apps, only at special horse racing sites and apps. Those interested can click the CLAIM BONUS button below to unlock the offer and use the TwinSpires promo code.

Preakness betting preview

Post time for Preakness 150 from Pimlico Race Course in Baltimore, MD is 7:01 p.m. ET on Saturday.

Only three of the nine horses in the 2025 Preakness Stakes field ran at the Kentucky Derby two weeks ago, but the two horses with the shortest odds to win the Preakness Stakes 2025 are included in that category. Journalism is the 8-5 favorite in the latest 2025 Preakness Stakes odds, followed by Sandman (4-1). They were also two horses within the top three favorites at Churchill Downs. Sovereignty, who won the Kentucky Derby, was the other horse as a top-three favorite at Churchill Downs, but he won't run in the 2025 Preakness Stakes on Saturday, meaning there will be no Triple Crown winner this year.

None of the last five Preakness Stakes winners competed in the Kentucky Derby, so how should that affect how you make your 2025 Preakness Stakes bets? River Thames (9-2), Clever Again (5-1) and Goal Oriented (6-1) are the three horses with the shortest odds who didn't run in the Kentucky Derby and they could also be popular 2025 Preakness Stakes picks as they enter off a longer training geared toward being at their strongest for the second leg of the Triple Crown. The longest shots are Pay Billy and Gosger, both at 20-1.

With the Preakness Stakes just around the corner, the latest TwinSpires promo code is offering new users up to $400 in sign-up bonuses when using promo code CBSSSPORTS. We'll explain how to bet on the 2025 Preakness Stakes and claim this online horse betting offer below.

TwinSpires offer code review

The TwinSpires promo offers new users up to $400 in bonus bets based on how much they wager in their first 30 days—perfect timing if you're looking to bet on the Preakness Stakes. Users can get $100 in bonus bets for every $400 wagered, so in order to maximize this promotion and receive $400 in bonus bets, $1,600 of wagering is required within the first 30 days.

Users need to be of legal age in a state where TwinSpires operates, and this offer cannot be combined with any other offer. Additionally, Show wagers do not count toward your playthrough amount.

Finally, note that bonus bets cannot be withdrawn, and when you use bonus funds to place a bet, the stake will not be returned if the bet wins.

Steps for how to sign up using the TwinSpires promo code

Click the blue CLAIM BONUS button above to navigate to TwinSpires, or click here
On the TwinSpires landing page, click the blue CLAIM NOW button.
Complete the form with your first and last name, e-mail address and TwinSpiress promo code CBSSPORTS and click Next.
Complete the address form and click Next.
Fill in a user name and password, then verify your identity with date of birth, last four of your SSN, and cell phone number.
Click the Sign Up button.

You're ready to log in, deposit, wager and claim your bonus. All bonuses will be disbursed within 72 hours of bets settling.

TwinSpires promos for existing users

TwinSpires offers rewards points for existing users and VIP members. Users can get TSC Elite Points when betting on races, which can be redeemed later for wagering credit. Users earn four points per dollar wagered for races at Churchill Downs, Fairgrounds, Presque Isle, Ocean Downs, Arlington, Turfway Park and Miami Valley Raceway. They earn one point per dollar wagered for races at any other track. These points are valid for 12 months after they are issued, and a user's oldest points will be credited first whenever they choose to redeem them.

VIP rewards members receive additional benefits, such as free admission to select racecourses, exclusive promotions, reward points multipliers, discounts on TwinSpires Handicapping Store products and Brisnet.com purchases, invitations to special VIP events, free daily programs and other services.

TwinSpires does offer profit boosts, free-to-play races and odds boosts for certain races. The platform also provides expert advice, articles and a schedule for upcoming races.

Preakness Stakes promotions

Using TwinSpires offer code CBSSPORTS, players can get $100 in bonus bets for every $400 they wager, so in order to maximize this promotion and receive $400 in bonus bets, $1,600 of wagering is required within the first 30 days.

The promotion for TwinSpires allows users to make multiple wagers to earn the associated bonus bets. Those players who have some experience or are willing to invest more money might be perfect for this promotion in order to maximize it.

TwinSpires user experience

App Store	Number of Reviews	Average Rating
Apple	76,000+	4.8
Android	1,280+	4.5

Despite the complexities of horse racing betting, it was relatively easy to see the payout structure on the TwinSpires app and website. TwinSpires has a list of all available races users can wager on and provides detailed payouts for all bets on a specific horse, including Win, Place and Show bets. All wagers are locked shortly before a race begins, but users do have the ability to cash out of a wager before a race locks. There could potentially be a small fee for the books and racecourses for their operational costs, but the option to cash out does exist.

TwinSpires has an extensive library of resources on its website and application, which is available to both iOS and Android users. Overall, the user experience was fairly seamless on the website. The mobile application did occasionally slow down, but it was still easy to navigate.

Horse racing betting markets

With TwinSpires, you'll find all of the bets you'd expect to be able to make on any horse race:

Basic horse racing bets

Win - a bet on the winning horse
Place - a bet on a horse to finish first or second
Show - a bet on a horse to finish first, second or third
Win/Place, Win/Place/Show - combining two of the bets above into a sort of parlay

Exotic bets

Exacta - choose the horses that will finish first and second, in that order
Quinella - choose the horses that will finish first and second, in any order
Trifecta - pick the first three finishers
Superfecta - pick the first four finishers
Super Hi-5 - pick the first five finishers

Daily Doubles and multi-race bets

Daily Double - pick the winners of back-to-back races
Pick 3 - pick the winners of three consecutive races
Pick 4 - pick the winners of four consecutive races
Pick 5 - pick the winners of five consecutive races
Pick 6 - pick the winners of six consecutive races

TwinSpires Banking Options

Here's a look at the deposit and withdrawal options at TwinSpires.

Method	Fee	Processing Time	Minimum Deposit
Online Banking	None	Up to 4 days	$10
Credit Card (VISA or MasterCard)	$5 per deposit	Instantly	$10
PayPal	None	Once account is linked	$10
Green Dot (at Register)	$4.95+ per deposit depending on merchant	Instantly	$10
Moneygram	$3.95+ per deposit depending on merchant	Instantly	$10
PayNearMe	$3.99+ per deposit depending on merchant	Instantly	$1
Apple Pay	$5 per deposit	Instantly	$10
Bank Wire Transfer	$10 for transfers under $1,000, free for transfers over $1,000	Instantly	$10
On-Site Deposit	None	Instantly	$10
Check/Money Order	None	Up to 5 days	$10

PayNearMe also has a maximum deposit limit of $500 and a daily deposit limit of $500.

Method	Fee	Processing Time	Max Withdrawal
Online Banking	None	Up to 5 days	None
PayPal	None	Up to 5 days	None
On-Site Withdrawal	None	Instantly	None
Check	None	Up to 15 days	None

Withdrawals made through the app or website will be paid out online through the bank account or PayPal account associated with a user's account. Withdrawals can also be made over the phone. Once the user's identity is verified and the withdrawal is approved, the user will receive a check in the mail. In-person withdrawals can be made at select sites. This requires two forms of identification, one of which is a government-issued identity card. Once the user's identity is verified and the withdrawal is approved, the user will receive cash.

Responsible gaming at TwinSpires

TwinSpires has a page dedicated to responsible gaming and encourages users who need assistance to set deposit and activity limits, balance gambling with other leisure activities and avoid chasing losses. TwinSpires has information for national helplines and state-specific resources for users requiring further assistance.

TwinSpires offer code: Final verdict

TwinSpires has a strong promotional offer for users who might have some experience betting on horses, but could be potentially problematic for those who are true novices to the sport. The offer requires users to spend more to acquire more bonus funds, and a potential $1,600 investment over a month is sizable to get $400 in bonus funds. The app and website are fairly easy to navigate, though the app did occasionally have some lag. Navigating the races available to bet on was fairly straightforward, and all the payouts for different types of bets were listed below the bet slip when picking horses.

One big strength is the expert analysis and articles available for users, especially since it's likely those who sign up for the TwinSpires offer code will be new to betting on horse racing. This allows users to gain more knowledge about the sport and read up on particular races which aren't as well-known as the Kentucky Derby, Preakness or Belmont.

Although all the payouts are listed clearly for each type of bet, it can sometimes get confusing which horse is being picked to finish in what position for Win/Place/Show wagers. This is cleared up on the expanded bet slip on the app when a user is making his or her wager, but it isn't as detailed on the website when selecting horses. This is something which could be improved to further enhance the user experience.

Rules and responsible gaming

Responsible gambling is taken very seriously across all racebooks. All provide the necessary resources and contact information if you or someone you know may have a gambling problem. The minimum age is 18 for horse racing betting in most states, but it is 21 in some states.

Responsible gambling resources include the National Council for Problem Gambling (NCPG) and Gamblers Anonymous.

Be smart. Bet smart. Wager responsibly. Those in need of help can also call or text 1-800-GAMBLER (1-800-426-2537). Help is available 24 hours a day and seven days a week.