There’s no better time to explore the best sportsbook bonuses across the top online sportsbooks!
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Curious about how these sports betting promos work? Here’s everything you need to know.
The best sportsbook bonuses to consider
Below, you will find the best sportsbook promos available throughout most legal betting states. The available bonuses may vary depending on your location, so make sure you double-check with each operator!
- BetMGM Bonus Code
- bet365 Bonus Code
- Caesars Sportsbook Promo Code
- FanDuel Promo Code
- BetRivers Sportsbook Promo Code
Sports betting promotions explained
Sportsbook promotions are a way to entice new customers to sign up by offering bonus bets and credits.
In the US, there are two increasingly popular betting promos:
- Bet & Get Promos: Place a small qualifying bet (i.e., $5) and receive additional bonus bets
- Bet Credits Back if You Don’t Win: Get your initial stake matched in bonus bets if your first bet doesn’t win
Each promotion comes with its own set of benefits and drawbacks.
Bet & get deals are usually attractive to new bettors because they don’t require a large initial deposit or bet. In many cases, you also automatically qualify for a bonus regardless of the outcome of your bet, though this isn’t always the case. More seasoned bettors might be put off by the fixed bonus amount (generally between $100-200 in bonus bets).
Bonus bets back for losing wagers are also a great promo for new bettors because they act as a safety net. If you lose your first bet, you can continue to place additional bets because your stake is matched as a bonus. The downside is that you usually won’t receive any bonus if your first bet wins.
In the end, these sportsbook promos are a great way to get your sports betting adventure off to a good start. While you investigate the many features and advantages of a new sportsbook, they give you a better opportunity at an immediate payroll boost.
How do sportsbook bonuses work?
Sportsbook promotions generally apply to new customers who sign up for an online sportsbook for the first time. The process works like this:
- Download a new sportsbook app or visit the website via web browser
- Sign up for a new account and complete the registration process
- Confirm your eligibility (21+ and physically present in a legal betting state)
- Enter a relevant promo code, if necessary
- Make your first deposit
- Place your first bet
- Collect your welcome bonus
Bonus bets accrued via most sportsbook promotions cannot be withdrawn and must only be used to place additional bets. However, if you win your bets using bonus funds, these are converted into real currency that can be withdrawn.
Sports betting promos vary by operator and state. It’s important to read the terms and conditions before signing up to understand each bonus offer fully and know which bonus(es) you want!
Sports betting bonuses for existing users
In addition to welcome bonus offers, online sportsbooks offer recurring offers to all customers. While these bonuses are generally quite a bit smaller in size, they provide additional incentive for bettors to stick around and continue to place their bets on a particular app.
Here’s a look at some of the most popular recurring promotions.
- Odds boosts
- No-sweat bets
- Early payouts
- Reload bonuses
- Bet matches
- Rewards credits
- Referral bonuses
All of the above provide additional methods for customers to bolster their bankroll or rack up bonus bets and credits.
Sportsbook bonuses FAQ
How do I claim sportsbook bonuses?
To claim a new user sportsbook promo, you must be 21+ and present in a state where online sports betting is legal. Download a new betting app, register for an account, and fulfill a qualifying action to claim a new user bonus (make a deposit, enter a promo code, and place your first bet).
What are the most common sportsbook bonuses?
The most common promotions are bet & get deals and bet credits back if your first bet doesn’t win.
Why do sportsbooks offer bonuses and/or promotions?
Sports betting bonuses are a popular method to attract new customers. Bonus bets allow users to boost their payroll and test out new app features.
Can I withdraw bonus bets?
Not usually. In most circumstances, bonus bets can only be used to place additional bets. If you win using bonus bets, you can then withdraw funds.
Do sportsbook promotions expire?
Yes. In most cases, sportsbook promos have an expiration date, which generally ranges from 7 to 30 days after an initial wager. Be sure to read the fine print before signing up for a bonus.
Are sportsbook promos worth it?
In general, yes, but this also depends on what you want from them. Sports betting promos are a great way to pad your account and test out a new app, however they still involve depositing and wagering money so be sure to understand the risks that come with that.
