The online horse racing industry has a new player in town, that's towns all over the Bluegrass state of Kentucky. The "WatchandWager" online horse racing site has finally announced it is "open for business" to Kentucky residents.

With an aggressive marketing plan in place to take on the likes of more established websites live TVG, Express Bet and TwinSpires, WatchandWager is laying claim to offering some of the biggest cash back bonuses in the industry. They will also be providing access for players to earn a $50 for referring a friend.

To get things off to a good start, Kentucky residents and horseplayers can sign up immediately and earn the right to receive a 100% matching bonus on their first deposit of up to $250.00. That's not the good news. The good news is horseplayers won't have to do anything other than make that first deposit to earn the bonus. The bonus will immediately be placed in the player's account once the deposit amount has been approved. The offer is very much unlike other sites that require players to wager a certain amount within a certain amount of time before they can actually get access to the bonus amount. 

WatchandWager will feature horse races from all over the world. This will include racetracks big and small in the U.S., plus a great selection of top racetracks from parts of Europe, Asia, and South America. Fans can also look forward to special wagering formats for major events like the Kentucky Derby + other triple crown races, the Breeders Cup and special racing festivals and carnivals throughout the world.

Wagering options figure to include what ever options are available at the track from which a wager is being placed. In the case of countries like Dubai, racing fans can expect to have wagers co-mingled in pari-mutual pools being run my America's top tote services.