WagerWeb Racebook Expert Review and Promotions
Written by: Chris Adams
Last Update: Mon Jun 29, 2026, 8:35 am ET
Read Time: 7 minutes
WagerWeb was founded in 1994 as BetCBS.com, one of the first online sportsbooks available for U.S. bettors. The racebook at WagerWeb launched a few years later in 1999 and now offers a chance to bet on racing odds from more than 50 North American venues, including Churchill Downs, Laurel Park, and Saratoga.
The best feature about this trusted provider is that you can get 5% cash back on all your horse racing wagers, not just your total losses. Let's dive into their other features. Are they one of the best horse racing betting sites for U.S. players? Find out below.
WagerWeb Racebook Welcome Bonus
WagerWeb doesn't offer a racebook welcome bonus, but you'll find two generous welcome bonuses which can still benefit racing fans. On initial deposits of $50 or more, you'll get either a 50% cash bonus, which you can use to bet on horse racing or a 75% free play bonus for sports.
The maximum bonus is $1,000, and there's a 15x wagering requirement before you can cash out any winnings.
Customers who have been inactive at WagerWeb for three months or more can also receive the same bonus.
WagerWeb Racebook Pros and Cons
Other WagerWeb Racebook Bonuses and Promotions
Existing WagerWeb customers have several reload bonuses available for a minimum $50 deposit. The first is a 30% cash bonus available on Bitcoin deposits from $100 to $500, with a 12x rollover. The second promotion is a 20% cash or 30% free play bonus on deposits from $50 to $1,000 with a 10x rollover.
The final bonus is 10% cash or 15% free play on deposits of $50 to $1,000 with just a 6x rollover and 1% cash back on the total free play wagered every week. You'll also be rewarded with a reload bonus of your choice on your tenth deposit in any 90-day period without receiving a payout. This bonus comes with a 5x wagering requirement.
WagerWeb Racebook also rewards you for inviting your friends to play. Spread the word to up to three friends who open an account, and you'll receive a 20% bonus based on the amount of their initial deposit, a 25% bonus on a second friend's deposit, and a 30% bonus on a third friend's initial first deposit.
Betting at WagerWeb Racebook
There are more than enough events to satisfy any horse racing fan at WagerWeb Racebook, including at the biggest tracks in the U.S. and Canada. You will be able to wager on mid-week odds and have a chance to bet on all the biggest racing events worldwide, including the three Triple Crown races (the Kentucky Derby, Preakness Stakes, and Belmont Stakes).
Here's a list of some of the popular racetracks available to bet on at WagerWeb Racebook:
- Aqueduct
- Arlington Park
- Belmont Park
- Charles Town
- Churchill Downs
- Colonial Downs
- Del Mar
- Delta Downs
- Ellis Park
- Emerald Downs
- Fairmount Park
- Gulfstream Park
- Hawthorne
- Hoosier Park
- The Meadowlands
- Pimlico
- Santa Anita
- Saratoga
- Woodbine
You can make all the standard horse racing bets easily on the WagerWeb Racebook platform, such as win, place, and show, along with exotic wagers, like the exacta, trifecta, Pick 3, Pick 4, and Daily Double, for a chance to win larger amounts. Exotic wagers have much higher odds than standard bets, and if you're lucky enough to hit a long shot, you could win a life-changing amount of cash.
WagerWeb Racebook Banking Options
WagerWeb Racebook gives you several methods to deposit and take payouts when you win betting on your favorite races:
Bitcoin – The only cryptocurrency accepted at WagerWeb has a low minimum deposit of $25 and withdrawals of up to $10,000 with no transaction fees. Payouts are processed within 24 hours.
Credit/Debit Cards – VISA and Mastercard offer instant deposits from $17 to $500 per transaction. However, you may have to submit a credit card authorization form before transactions are processed using this method.
Bank transfer – US and Canadian bettors can use this option for deposits and withdrawals directly into their bank accounts.
Cashiers Check – This banking method uses overnight courier services like FedEx to send in deposits and make withdrawals.
Person-to-person transfer – WagerWeb also uses person-to-person money transfers through MoneyGram for deposits of $100 to $690. There may be a transaction fee depending on the deposit amount.
WagerWeb Racebook Customer Support
WagerWeb Racebook has had many years to develop one of the top customer service teams of any online gaming provider, with six dedicated phone numbers for assistance with a specific issue. By clicking the "contact us" link at the bottom of the main page, you'll see a listing of numbers available for problems with payouts or betting.
However, customer support agents are only available from 10 am EST until halftime of the last sports event on the board daily. WagerWeb doesn't have a live chat feature, but you should get a quick response when sending an email inquiry to support@wagerweb.com. An email link is also available at the bottom of the main page.
Licensing and Security
WagerWeb Racebook bettors are protected by SSL encryption technology to ensure every transaction is secure. The platform hasn't reported a security breach in its nearly 30 years of existence, so you can rest assured that your money is safe when depositing and withdrawing funds.
All bonuses, payouts, and deposits must be verified by phone or live chat for an extra level of security.
Conclusion
WagerWeb Racebook is a strong option for U.S. horse racing bettors looking for a trusted platform with a long track record and reliable payouts. While it doesn't offer a dedicated racebook welcome bonus, the available sportsbook bonuses can still be used on horse racing, and the weekly 5% cash back on all racing wagers is one of the standout promotions available from any online racebook.
The platform covers dozens of racetracks across North America and features all the major betting options most players will need. Combined with fast Bitcoin withdrawals, solid security measures, and nearly three decades of experience serving U.S. customers, WagerWeb remains a dependable racebook.
The lack of live chat support and a few missing betting options, such as Superfecta odds, are worth considering, but they do little to overshadow an otherwise well-rounded horse racing betting experience.