Best Bonus Bets 2023

Breaking down the best bonus bet offers available in the US!

Bonus Bet Sign Up Offers

Rank Bonus Turnover Min odds 
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
1

Bet $5, Get $200
in Bonus Bets Instantly

Turnover: 1x bonus amount

Lowest odds: -300

Claim Go to website
2

Bet $1, Get $200

Turnover: 1x bonus amount

Lowest odds: -500

Claim Go to website

21+ and present in CO/NJ/OH/VA. First online real money wager only. $10 first deposit required within 30 days. Bonus issued as non-withdrawable bonus bets that expires in 90 days. Full T&C apply, visit sign up page for more info. #ad

3

Bet $100 Get $100

Turnover: 1x bonus amount

Lowest odds: -120

Claim Go to website
4

Bet $50, Get Up to $1,111 in Fred Bets

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website
5

Bet $20, Get $100

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website

Sportsbooks with Bonus Bets for Existing Customers

Rank Bonus Turnover Min odds 
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
1

5 Second Chance Bets up to $250

Turnover: 1x bonus amount

Lowest odds: N/A

Claim Go to website
2

Bet $5, Get $200
in Bonus Bets Instantly

Turnover: 1x bonus amount

Lowest odds: -300

Claim Go to website
3

Up to $1,250 on Caesars

Turnover: 1x bonus amount

Lowest odds: N/A

Claim Go to website
4

$1,000 No Sweat First Bet

Turnover: 1x bonus amount

Lowest odds: N/A

Claim Go to website
5

2nd Chance Bet up to $500

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website
6

Up to $1,000 Back in Bonus Bets

Turnover: 1x bonus amount

Lowest odds: N/A

Claim Go to website
7

Bet $1, Get $200

Turnover: 1x bonus amount

Lowest odds: -500

Claim Go to website

21+ and present in CO/NJ/OH/VA. First online real money wager only. $10 first deposit required within 30 days. Bonus issued as non-withdrawable bonus bets that expires in 90 days. Full T&C apply, visit sign up page for more info. #ad

8

$500 Second Chance Bet

Turnover: 1x bonus amount

Lowest odds: -300

Claim Go to website
9

Bet $100 Get $100

Turnover: 1x bonus amount

Lowest odds: -120

Claim Go to website
10

Bet $50, Get Up to $1,111 in Fred Bets

Turnover: 1x bonus amount

Lowest odds: -200

Claim Go to website

Bonus Sports Bets

The Bonus Bet offer is a popular sportsbook sign up bonus that betting apps utilize to draw in new users. A generous bonus offer, some even offer free bets with no deposit required.

It's important to note that these offers are usually not free since they do typically require the user to deposit and risk their own money before rewarding them in non-withdrawable site credits.

Sportsbooks used to refer to these offers as "free" but have since moved away from that terminology for more accurate terms such as bonus bets or bet credits.

Bonus Bet FAQ

Everything you need to know about bonus bet offers!

What sportsbooks offer bonus bets?

The following sportsbooks offer bonus bet sign up bonuses:

Which bonus bet offer is the best?

Bet365’s bonus has a $10 minimum deposit, only requires the user to risk $1, and can be as valuable as $200. Plus, you can split up your bet credits as much as you’d like, giving you more freedom and flexibility.

Are bonus bets ever offered to existing customers?

Yes. For some specific events, sportsbooks will offer bonus bets for existing customers. These offers are used to keep you coming back to the sportsbook instead of leaving for a new sportsbook’s sign up bonus.

Are there limits on bonus bets?

Yes, there are various limits placed on bonus bets offered by sportsbooks. These can include the amount of money offered to you by the promotion, what games you can bet on, and the minimum odds on bets you can place using your bonus money.

Can you use bonus bets on casinos?

Yes. This can vary from site to site, but many sportsbooks will allow you to wager your bonus bet on their casino platforms (if they have one). However, it should be noted that certain wagering requirements, such as minimum odds and turnover, can differ if you use your bonus bet on the casino.

Are bonus bets different than second chance bets?

Yes. Bonus bets do not always require you to place a bet before receiving your bonus, and even if they do the result of your qualifying wager shouldn’t matter. Second Chance bets require the user to risk money

More information on second chance bets.

New Customer Bonus Bets

Bonus Bet sign up bonuses are an extremely generous way to get new users in the door. The downside to this generosity is that they are offered far less commonly than some other types of sportsbook sign up bonuses, such as second chance bets and deposit bonuses. Second chance sign up offers will always require you to sign up, wager, and lose. However, bonus bets may not always require you to deposit or place a bet to unlock the offer, and they certainly don't require you to lose your first bet like second chance bet offers do.

Bonus bets are the most user-friendly bonus out there, but this also means sportsbooks don't give them out quite as often. However, existing customer bonus bets are a bit easier to find once you've already signed on with a sportsbook.

New Customer Bonus Bet Offers

21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.

  1. Bet $1, Get $200

    21+ and present in CO/NJ/OH/VA. First online real money wager only. $10 first deposit required within 30 days. Bonus issued as non-withdrawable bonus bets that expires in 90 days. Full T&C apply, visit sign up page for more info. #ad

  2. Bet $10, Get $50
    Not Available in Ohio

  3. Bet $100 Get $100

WHAT TO KNOW ABOUT "FREE" BETS

While some sportsbooks label their offers as Free, you should keep in mind that this is not literally the case.

The vast majority of these bonuses require the user to deposit and risk their own money. The user is then rewarded in non-withdrawable site credits, so they're not strictly free.

So keep that in mind when going to claim your new bonus.

Existing Customer Bonus Bet Offers

While bonus bet sign up offers are great, they can only be used once. A practice employed by many sports betting sites is to regularly offer bonus bets to existing customers.

This keeps them coming back for more and offers more value than just the basic sign-up bonus.

Regular bonus bet promos can be varied. Often they are themed around a special event, like the Olympics, March Madness, or a game in which the betting site has some sort of sponsored interest. For example, there is a litany of bonus bet offers for the NFL season currently being promoted.

Additionally, sportsbooks that feature pools often bonus entry into their daily pools, allowing you to win cash prizes with no money down.

Fanduel Sportsbook Refer a friend

FanDuel Sportsbook offers users a free bet for referring a friend

Other times, sportsbooks will require action on your part to unlock a binus bet promo. This can include referring a friend to use the site or just using one site feature for the first time.

Sportsbook Existing Customer Bonus Bets

  • BetMGM - Bonus bets for regular users every Monday
  • Caesars Sportsbook - $100 bonus bet for referring a friend
  • PointsBet - $100 bonus bet for referring a friend
  • Unibet - $10 in bonus bets every week
  • FanDuel Sportsbook - $50 bonus bet for referral
  • DraftKings Sportsbook - Free to play pools offered daily
  • SI Sportsbook - Win bonus bets by playing free NFL Perfect 10
  • BetRivers - Bonus bets for backing local teams

Existing Customers Bonus Bets

21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.

  1. Up to $1,000 Back in Bonus Bets

  2. Up to $1,250 on Caesars

  3. 5 Second Chance Bets up to $250

  4. $500 Second Chance Bet

  5. $1,000 No Sweat First Bet

  6. Bet $5, Get $200
    in Bonus Bets Instantly

  7. Bet $10, Get $50
    Not Available in Ohio

  8. 2nd Chance Bet up to $500

Free Bet Promotions

SI Sportsbook Promo: Perfect 10 - Win Bonus Bets up to $10K

Predict 10 games from the NFL for bonus every week to win bonus bets and cash prizes up to $10,000 all season! Win bonus bets each week of the NFL season Read more

Unibet Sport Club - Get $10 in Bonus Bets Every Week

The Unibet Sport Club grants users a $10 weekly every Monday if they had placed five $10 wagers the previous week Read more

BetMGM Money Monday Club - Get a $10 Bonus Every Week

The BetMGM Money Monday Club grants users $10 in bonus bets every Monday if they had placed $50 in qualifying wagers the previous week Read more

Second Chance Bets

BetMGM Risk Free Bet

BetMGM currently has one of the best second chance bet offers out there

Currently the most popular sportsbook bonus on the market, the second chance bet puts both the player and the betting site in a position to succeed.

You start by placing a real-money wager. If your bet wins, you don’t get anything. However, if you lose you’ll be refunded your bet amount, usually in on-site credits.

So you have defacto bet insurance, but you’ll only get the benefit if your bet loses.

Due to how comparatively beneficial it is for the sportsbook, top betting sites like PointsBet, Unibet, and FanDuel Sportsbook have all adopted this model.

Second Chance Bet Offers

21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.

  1. 5 Second Chance Bets up to $250

  2. Bet $5, Get $200
    in Bonus Bets Instantly

  3. Up to $1,250 on Caesars

  4. $1,000 No Sweat First Bet

  5. 2nd Chance Bet up to $500

Sportsbook Free Bet No Deposit Offers

One very interesting twist with this type of bonus offer is that they are often offered with little-to-no initial investment required on your part.

The no deposit free bet offered by some sportsbooks is an incredible value for first-time bettors. You can test drive the site with absolutely no risk. You can see how things work and what some betting terms mean in a real-life scenario.

The best part is that you’ll be able to keep your winnings in most offers. This can of course differ from site to site depending on turnover requirements, but oftentimes you’ll find sites have a simple 1x turnover requirement for bets of this type.

These offers are fairly rare because they're pure player value with less upside for the sportsbook, so they're offered a bit less frequently. There are many free bets offered for the NFL season, and other special occasions, but they tend not to run as frequently.

How do Bonus Bets Work?

Bonus bets can be offered in different ways depending on the site you’re using. There can be different requirements for unlocking your offers, as well as different ways in which your offer can be utilized.

Let’s dig into these two areas.

Bonus Bet Qualifying Requirements

While bonus bet no deposit offers are fantastic and offer you the best value, they are often not available. These types of offers have relatively little value to the sportsbook itself, outside of drawing in a new customer, and even then there’s no way of stopping the user from using the bet and then never coming back to the site.

To prevent this and make sure they get value in return, sportsbooks usually require you to make an initial qualifying deposit or wager. These can be as low as $5 or $10, but they guarantee that the sportsbook receives some ROI out of offering the bonus bet.

For example, to unlock Bet365’s bet credits offer, you must first make a qualifying deposit of at least $10.

Bonus bets that require you to make a qualifying deposit are very similar in structure to deposit bonuses, another popular sportsbook bonus.

How you can spend your bonus bets

Another element that can vary from offer to offer is how you can spend your bonus money.

Some sites offer you bonus bets in lump sums. This means that you can only spend your total bonus amount on one bet. While this is still nice to have, it is not the most flexible bonus, so it doesn’t offer the highest value.

The best bonus bet offers will allow you to divvy up your bonus amount however you like. So if your bonus bet bonus is for $10, you’ll be allowed to place 10 $1 wagers or 1 $10 wager (or anything in the middle of those two extremes, of course).

Also known as ‘Bet Credits,’ these offers are much more flexible for the user and make for the best bonus bet offers.

Bet365 Live Streaming

After signing up and depositing with Bet365, you'll be entitled to a very flexible bonus offer and eligible for a phenomenal suite of live betting features

Bet365 Bet Credits

Bet365 Bonus Bet

Bet $1, Get $200

Still slowly expanding in the US, Bet365 is one of the world’s most foremost betting sites. In fact, this British book is the most popular online sportsbook on Earth.

Their deep suite of features, like the country’s finest live betting experience, has made Bet365 the darling of smart sports bettors worldwide.

New users to Bet365 are eligible for up to $200 in bet credits after completing registration. Simply deposit at least $10 and place a bet of at least $1. After your bet is settled, Bet365 will reward you with $200 in bet credits.

After receiving your bonus, you can divvy up your bonus cash however you’d like. This kind of freedom and flexibility makes Bet365’s bonus one of the strongest on the market today.

Play Now

21+ and present in CO/NJ/OH/VA. First online real money wager only. $10 first deposit required within 30 days. Bonus issued as non-withdrawable bonus bets that expires in 90 days. Full T&C apply, visit sign up page for more info. #ad


Bonus Bet Offer Expiration

Nothing lasts forever. Unfortunately, that's also true for bonus bet offers. While the exact timeline can vary from site to site. No sportsbook's sign up bonus is eligible for use in perpetuity. For example, Bet365's bet credits must be used within 30 days of signing up as a new user.

As always, this restriction can differ greatly across sportsbooks, so make sure to double-check your terms and conditions before allowing your bonus bet opportunity to expire!

Bonus Bet Bet Type Restrictions

Bet365 Parlay Bonus

Bet365's bet credits are ineligible for use with their ongoing promotions, such as parlay bonuses

Sportsbooks usually place restrictions on what bet types bonus bets can be used with. Luckily, Barstool Sportsbook and Bet365 are both fairly liberal with their sign up offers and allow you to engage in multi-leg wagers. However, it is not unheard of for a sportsbook to restrict a bonus bet sign up offer to only straight bets, meaning no parlays are eligible.

As a general rule of thumb, sportsbook bonus bets are not eligible for casino wagers, cannot be used on pre-existing promotional wagers such as odds boosts and multipliers, and do not qualify for other bonuses.

For example, Bet365's bet credits can be used in parlay bets, however, any parlay wager placed using your bet credits will be ineligible for the sportsbook's various parlay bonuses offered to regular users.

    Sportsbook New Customer Bonus Bets

    WynnBET Bonus Bet

    Bet $100 Get $100

    Play Now

    21+. New customers only. Welcome offer varies by state. New customers only. Must opt-in to the promotion and then make first deposit of $100+. Must place at least one qualifying wager of $100+ on any straight or parlay bet with odds of -120 or greater (-150 odd or greater in MA). Non-withdrawable Site Credits will be awarded when the qualifying wager settles as a win, loss, or push. Players in AZ/CO/IN/LA/MA/TN/VA eligible to receive max $100 in Bet Credits. Players in NY eligible to receive max $5 in Bet Credits. Players in NJ/MI eligble to receive max $50 in Bet Credits and $50 in Casino Bonus. Full T&C apply, visit WynnBET for details.


    DraftKings sportsbook Bonus Bet

    Bet $5, Get $200
    in Bonus Bets Instantly

    Play Now

    21+. New customers only. AZ/CO/CT/IL/IN/IA/KS/LA/MD/MI/NJ/NY/ OH/PA/TN/VA/WV/WY only. Minimum $5 deposit & qualifying wager. Bonus Bets will be awarded instantly upon bet settlement, along with any winning if applicable. Bonus bets will be paid as six (6) $25 non-withdrawable Bonus Bets. Full T&C apply, visit DraftKings Sportsbook for more details.


    BetFred Sports Bonus Bet

    Bet $50, Get Up to $1,111 in Fred Bets

    Play Now

    21+. New customers located in AZ/CO/IA/MD/OH/VA only. Bonus not available in PA. Minimum $50 deposit required. Eligible customers will receive $111 in Fred Bets, as three $37 Fred Bets, upon settlement of their first $50 cash bet AND 50% back on combined total net losses per week, up to $200 in Fred Bets per week, for five consecutive calendar weeks, beginning on the date of their first bet. Full T&C apply.


    Borgata Bonus Bet

    Bet $20, Get $100

    Play Now

    21+. New customers only in NJ. Qualifying deposit (min $20) required. First online real money wager required (min $20, odds -200 or greater). Bonus issued as non-withdrawable bonus bets that expires in 7 days. Full T&C apply, visit Borgata for more details.


    What to look for in Bonus Sports Bet Offers

    Even with bonus bet offers, there might be some strings attached. It’s your responsibility to keep yourself informed of all of the different key features that could impact the potential value of your bonus bet.

    Here are some things to look out for when signing up for a sportsbook with a bonus bet.

    Pro Tip: Use the Minimum Odds to Your Advantage

    You can use the minimum odds requirement as a guide for how to best convert your bonus into cash. By familiarizing yourself with the requirement before playing, you can then find the friendliest odds possible and bet your money on that. This way you’re taking on as little risk as possible when converting your bonus

    How to Qualify

    With no deposit bonus bet offers, this will not be something you need to worry about. The bonus will simply be in your account after registration. Such is the case with Barstool Sportsbook’s current sign up bonus offer.

    However, most bonus bets will require an initial wager or deposit. Sometimes bonus bets will function similarly to deposit bonuses, measuring your initial qualifying deposit and matching it up to a certain amount. Bet365’s current bonus structure works like this.

    Turnover

    If you don’t know, a sportsbook bonus’s turnover requirement (also known as a playthrough requirement) is the number of times you must bet your bonus amount in order for it to be converted into real cash.

    For bonus bet offers you will often just have to wager your bonus once, however, some bonuses will require you to bet your bonus several times over before you can withdraw.

    This detail is usually included prominently in the Terms and Conditions of your bonus offer, so read up!

    Flexibility

    This has been touched in a little bit already, but it’s worth bringing up again.

    bonus bet bonuses have two basic structures: lumpsum bonuses and flexible bonuses.

    The lumpsum structure requires you to place your entire bonus on one bet, without being able to spread your site credits across multiple wagers.

    The more flexible structure allows you to spread your bonus bet money across multiple wagers. This way you won’t lose all of your bonus on one bet.

    The lumpsum structure is more adherent to the definition of a ‘bonus bet,’ but the flexible structure allows the user much more freedom and safety in how they wish to spend their bonus.

    Minimum Odds

    For a bonus with a low turnover requirement, it would be very easy to place a bet with surefire odds (-500 or lower) and simply convert your bonus into cash.

    To prevent this exploit, most sportsbooks attach a minimum odds requirement to their bonuses. This means that there are no loopholes for you to work around and steal some cash from the betting site without any risk on your end.

    While this information is available in the Terms and Conditions of your bonus, the sportsbook will typically not even allow you to bet your bonus on an outcome that does not fit within these parameters. The option to use your bonus money will not be available, or they will not process the wager and you’ll get a message informing you why the bet couldn’t go through.

    Other Sportsbook Bonuses

    Bonus bets are very generous but being so generous has also made them less frequently offered by sportsbooks. So, other bonus offers have grown in popularity.

    Sportsbook Deposit Bonus

    Deposit bonuses are another common sportsbook bonus you’ll see offered.

    Here, the sportsbook will evaluate how much you place into your initial deposit. From there, they will usually match that amount up to a certain extent.

    More user-friendly than the risk free bet, but less generous than the free bet, deposit bonuses are offered by sites like DraftKings Sportsbook and BetRivers.

    Sportsbook Deposit Bonuses

    21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.

    1. Bet $5, Get $200
      in Bonus Bets Instantly

    2. Bet $1, Get $200

      21+ and present in CO/NJ/OH/VA. First online real money wager only. $10 first deposit required within 30 days. Bonus issued as non-withdrawable bonus bets that expires in 90 days. Full T&C apply, visit sign up page for more info. #ad

    3. Up to $1,000 in Matched Bets
      Over Your First 5 Weeks

    4. 100% Deposit Match up to $250

    5. 2nd Chance Bet up to $100

    6. 100% Deposit Match up to $250

    Sportsbook Bet Get Offers

    Wynnbet free bet offer

    WynnBET has offered new users a Bet Get offer oftentimes

    Of course, once they get you in, sportsbooks want to ensure that you'll actually wager with them and are on the path to being a regular user of their platform. To accomplish this goal, some sign up bonuses are locked until you have actually wagered with the site. This is the case with Bet Get offers.

    Bet Get offers reward you for betting a certain amount (usually $5 or $10) on the sportsbook by rewarding you with a larger amount in bonus bets after your wager is concluded. You get your bonus whether your bet is a stud or a dud.

    Bet Get offers are commonly presented to existing customers around major sporting events, but a few are offering similar deals as a sign up bonus.

    Bet $, Get $ Bets

    21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.

    1. Bet $5, Get $200
      in Bonus Bets Instantly

    2. Bet $1, Get $200

      21+ and present in CO/NJ/OH/VA. First online real money wager only. $10 first deposit required within 30 days. Bonus issued as non-withdrawable bonus bets that expires in 90 days. Full T&C apply, visit sign up page for more info. #ad

    3. Bet $100 Get $100

    4. Bet $50, Get Up to $1,111 in Fred Bets

    5. Bet $20, Get $100

    6. Bet $10, Get $50
      Not Available in Ohio

    Sportsbook Odds Boosts

    Sportsbooks often offer enhanced odds to users as a bonus to keep them coming back to the site. These odds boosts alter the given odds of an outcome in order to make a potential winning bet even more profitable!

    Depending on the sportsbook, odds boost can be offered for straight bets, parlays, or both. FOX Bet regularly employs "super boosts" for straight bets, while BetMGM has extensive parlay boosters.

    More often than not, these odds boosts are offered to existing customers and are not a part of or eligible to be combined with a sign up bonus. Occasionally, these odds boosts are offered in conjunction with a team or league with which the sportsbook has a partnership.

    Sportsbooks with Odds Boosts

    • Caesars Sportsbook - Most regular boosts
    • FOX Bet - Daily super boosts
    • PointsBet - Boosts for select games
    • BetMGM - Regular parlay boosts
    • DraftKings Sportsbook - A plethora of daily boosts
    • FanDuel Sportsbook - Section of website dedicated solely to boosts

    Sportsbook Odds Boosts Promotion

    PointsBet No Juice NFL Lines - Get +100 Odds on Every NFL Game

    Take advantage of PointsBet's No Juice NFL Lines and keep 100% of the profit from spread bets all September Read more

    Betway Parlay Booster - Parlay Odds Boosts on Betway

    With the Betway Parlay Booster, you are eligible for tons of odds boosts every day on parlays of 3-20 legs for the NHL & NBA Read more

    FOX Bet Parlay Bonus - Parlay Boosts up to $10,000

    With the FOX Bet Parlay Bonus, you are eligible for parlay rewards up to $10,000 on parlays of 4-18 legs Read more