BetOnline’s Kentucky Derby promo contest has a $10,000 prize pool

Updated May 5, 2023
Updated May 5, 2023By Chris Boline
betonline betting news may

A race that is one of the most iconic and exciting in horse racing, the 2023 Kentucky Derby is set for May 6, 2023, for its 149th running. Dubbed the “The Run for the Roses,” the Derby is part of the American Triple Crown in horse racing and features an amazing atmosphere and field year in and year out. With that in mind, of course, BetOnline has gotten in on the fun with its $10,000 Kentucky Derby First & Last Contest that features free entry and ends the day of the Derby. For this particular contest, if you correctly select the first-place and last-place finishers at the 149th Kentucky Derby, you will win a share of the $5,000 in Freeplay cash from BetOnline. 

For this article, SBS will be going over the latest news from BetOnline along with more thoughts and notes about using the website. 

Contestants who pick one winner will receive partial prizes

Per the main contest page at BetOnline, the rules of this contest have some similarities to other BetOnline promotions and contests. For starters, you must of course be logged into your BetOnline account to make your picks and are able to register for this promotion all the way until race day on May 6th. In order to qualify for a prize, you must place at least $10 in real-money wagers on the BetOnline Racebook or on the site’s horse racing section of the online sportsbook for the Kentucky Derby. As mentioned above, in order to qualify for the grand prize here, you will have to guess the first and last-place finishers at the Derby. 

However, per the main site, if you correctly predict the first-place finisher but not the last-place finisher, you will qualify for a share of the $3,000 in Freeplay cash. Conversely, if you are able to correctly select the last palace finisher, you will then collect a share of $2,000 in Freeplay cash. According to the main contest rules at the site, in the event of multiple entrants correctly predicting one of the tops above, the cash prizes will be split evenly among all winning accounts. Of course, this is with the caveat that each of the accounts also placed its minimum wager of $10. 

Official Derby race results will be used to determine winners

For this promo, there will not be anything left up to chance with official race results being used to determine the winners of this contest. Last-place horses must also cross the finish line and horses designated as DNF (did not finish) do not qualify here. Regarding payouts, the winner or winners will receive their prize by the following Monday (May 8th) at approx. 6:00 pm ET. The $10,000 prize pool will be paid into the player’s account as Freeplay cash with a 3x rollover requirement. Finally, only one entry per player is allowed. However, in the event that a player enters multiple times, only the first entry registered will be eligible for a prize. 

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Even more notes & information about using BetOnline

After you are all squared away regarding your recent wagering adventure with BetOnline, SBS has you covered with a plethora of great information to keep the good times rolling. For even more great insights about the site at hand, our BetOnline sportsbook review has your back with all the latest news and promotions. Moreover, given the topic at hand, SBS has a robust page dedicated to the sport with our racing betting sites guide which covers all the major horse racing events and also tips related to horse racing betting. On a final note, with the Derby coming up, the SBS Kentucky Derby Betting Sites rundown can be your comprehensive resource for betting on the iconic event. 

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About the Author

Chris Boline
Chris Boline

As a devout aficionado of sports, Chris Boline has carved a career within the athletic realm. A skilled scribe, he boasts a decade-long portfolio that encompasses coverage of the NBA G League, the Los Angeles Chargers, football in the Mountain West Conference, and basketball. Beyond his professional pursuits, Chris is deeply invested in his community and dedicates his leisure hours to serving on boards, collaborating with community organizations, and cherishing the company of loved ones.

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