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Best Sportsbook Promotions
Your guide to the best sports betting promos on the market
Last Updated:
Nov 14, 2023
Online Sportsbook Promos
While sportsbooks often try to lure you in with valuable sign-up bonuses, they want to keep you coming back for more. One way they attempt to keep you coming back is to offer more sportsbook promotions for their returning customers.
Sportsbook promos are offered regularly to existing customers to add incentives for bettors to return to their platform and add value to their betting experience. Here, we've broken down the top legal online sportsbooks in the US that offer promotions to existing customers.
Best Sportsbooks with Sports Betting Promotions
| Rank | Bookmaker | Bonus | Turnover | Min odds | ||
|---|---|---|---|---|---|---|
| 21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. | ||||||
| 1 |
 Caesars Sportsbook |
Up to $1,000 First Bet on Caesars | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply Up to $1,000 Back in Bonus Bets if Your First Wager Loses |
| 2 |
 FanDuel Sportsbook |
Bet $5, Win $150 | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply Place a $5 Moneyline Wager and get $150 in Bonus Bets if Your Team Wins |
| 3 |
 DraftKings Sportsbook |
Bet $5, Get $150 | Turnover: 1x bonus amount | Lowest odds: -300 | Claim Go to website |
T&C Apply Get $150 in Bonus Bets After Your First Real Money $5 Wager + No Sweat Same Game Parlays Everyday |
| 4 |
 Bet365 |
Bet $5, Get $150 or | Turnover: 1x bonus amount | Lowest odds: -500 | Claim Go to website | Get $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses |
| 5 |
 BetRivers |
2nd Chance Bet up to $500 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply Up to $500 Back in Bonus Bets if Your First Wager Loses |
| 6 |
 BetMGM |
Up to $1,500 Back in Bonus Bets | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply Up to $1,500 Back in Bonus Bets if Your First Wager Loses |
| 7 |
 Betfred Sports |
Up to $105 on Fred | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply Up to $105 Back in Fred Bets if Your First Wager Loses |
| 8 |
 Betway |
1st Bet Reset of up to $250 | Turnover: 1x bonus amount | Lowest odds: -300 | Claim Go to website |
T&C Apply Up to $250 Back in Bonus Bets if Your First Wager Loses |
| 9 |
 Unibet |
$500 Second Chance Bet | Turnover: 3x bonus amount | Lowest odds: -300 | Claim Go to website |
T&C Apply Up to $500 Back in Bonus Bets if Your First Wager Loses |
| 10 |
 ClutchBet |
Up to $1,000 in Matched Bets | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 100% Bet Match up to $200 on Your First Wager Each Week for Your First Five Weeks |
Latest Sportsbook Promotions
Sportsbook Promotions in Your State
Sportsbook Promotions: Get the Most for your Money
These days, there’s plenty of options for where you can place your bets. With new sportsbooks seemingly popping out of the woodwork every day, betting sites need to find a way to make themselves stand out from the crowd. Sportsbook promotions are a great way to make this happen.
Taking advantage of sportsbook promotions is a smart way to ensure you’re getting good value for your wagers. That’s why choosing a sportsbook with a solid suite of ongoing promotions for existing customers is important.
Here, we’ve broken down all of the top online sportsbooks with betting promotions for existing customers. Take a look and choose the right sportsbook for you!
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Sportsbook Promotions FAQ
Here, we offer a lot of detail about the various types of sportsbook bonuses you can expect to find. But, if you're just looking for a quick answer to a common question, you can find that here.
Which sportsbook has the best promotions?
What is the difference between a promo and sign up bonus?
Although these terms are often used interchangeably, depending on where you look, here at Sportsbooks Online we like to refer to offers for existing customers as promotions and sportsbook sign up offers for new customers as bonuses.
Do I need a sportsbook promo code?
Although it is a phrase often used in marketing, promo codes are usually not necessary to claim your full bonus. There are a few exceptions, like BetRivers and Caesars Sportsbook that require promo codes.
All of the claim buttons on our site will set you up with the sportsbook’s bonus.
What are the best sportsbook promotions?
Several different sportsbook promotions are out there, but there are some that rise above the rest. Some of our favorites are:
- Boosts
- Free to play sports betting promotions
- Bet Insurance
You can read about all of these promos and more on this page!
What is a sportsbook promotion turnover requirement?
A turnover requirement (also known as rollover or playthrough requirement) is how many times over you must bet a bonus amount.
For example, if you receive a $10 bonus with a 2x turnover requirement, you must place $20 in bets for that turnover requirement to be fulfilled.
How do refer-a-friend promos work?
Referral bonuses are bonuses given when you utilize a betting site's "Refer-A-Friend" feature and recommend a sportsbook to one of your friends. Usually, they require the new user to make a qualifying bet or deposit. After placing their first bet or deposit both the new user and the existing customer who referred them should receive a credit in their account.
Best Sportsbooks for Promotions
Just about every sportsbook on the market offers promotions of some sort to users. These promotions are a win-win for you and the sportsbook: you get some added value for your bets, while the sportsbook keeps you coming back for more bets.
Taking advantage of sportsbook promotions adds a ton of value to your sports betting experience
It’s very important when choosing a sportsbook to ensure that your choice offers a plethora of promotions for the user. These promotions add up over time and can really add a ton of value to you over the years. If you can even get a 5% profit boost on your winnings once a week, then you’ll be making that much more money over time.
We believe the following sportsbooks treat their users to the best sports betting promotions.
Sportsbooks like Caesars offer users a wide variety of different bonuses, such as Odds Boosts, Rewards Programs, and Parlay Insurance for existing users
Best Sportsbooks for Sports Betting Promos
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Up to $1,000 First Bet on Caesars
T&C ApplyUp to $1,000 Back in Bonus Bets if Your First Wager Loses
21+ only. New customers only.
AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY.
Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt.
See full T&C at Caesars.Bet $5, Win $150
T&C ApplyPlace a $5 Moneyline Wager and get $150 in Bonus Bets if Your Team Wins
21+. New customers only. Offer available in
AZ/CO/CT/IA/IL/IN/KS/KY/LA/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. Promotion bonus will be credited to your account within 72 hours settlement of Qualifying Wager as a win. First online real money wager only (minimum $5). Bonus issued as non-withdrawable bonus bets that expires in 14 days.
NBA League Pass trial subscription will be sent to user email upon satisfying promotional requirement.See full T&C at FanDuel.Bet $5, Get $150
+ No Sweat SGPT&C ApplyGet $150 in Bonus Bets After Your First Real Money $5 Wager + No Sweat Same Game Parlays Everyday
21+. New customers only. Offer available in
AZ/CO/CT/IL/IN/IA/KS/KY/LA/MD/MI/NJ/ NY/OH/PA/TN/VA/WV/WY.
Minimum $5 deposit, and minimum $5 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. One qualifying bet per customer. Opt in req. 1 No Sweat token issued per day. Max. wagering limits apply.
See full T&C at DraftKings.Bet $5, Get $150 or
$1,000 First Bet Safety NetGet $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Limit one bonus per user.
Offer available in CO/IA/KY/NJ/OH/VA.
Different offer available in LA.
First online real money wager for both offers. $10 first deposit required within 30 days.
Minimum wager of $5 required to claim the $150 bonus bets.
Loss refunded as bonus bets up to $1000 with Safety Net Offer
Bonus issued as non withdrawable bonus bets that expires in 90 days.
See full T&C at Bet365. #ad2nd Chance Bet up to $500
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in IL/IN/MD/LA/MI/PA/VA.
Up to $250 bonus in CO/NJ
Up to $100 bonus in AZ/IA/NY/OH/WV
Must make a qualifying deposit of $10+ with promo code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500.
See full T&C at BetRivers.Up to $1,500 Back in Bonus Bets
T&C ApplyUp to $1,500 Back in Bonus Bets if Your First Wager Loses
21+. New users only. Offer available in AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY. Offer not available in DC/MS/NV/NY/PR.
Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,500.
See full T&C at BetMGM.Up to $105 on Fred
if Your First Bet LosesT&C ApplyUp to $105 Back in Fred Bets if Your First Wager Loses
21+. New customers only.
Offer available in AZ/CO/IA/MD/OH/VA. No Bonus in PA.
Minimum qualifying wager of $20+. Minimum odds of -200. Qualifying wager must settle as a loss to be eligible to claim Fred Bets. Maximum bonus awarded is $105, and Fred Bets must be wagered within 7 days of receiving.
See full T&C at Betfred.1st Bet Reset of up to $250
T&C ApplyUp to $250 Back in Bonus Bets if Your First Wager Loses
21+. New users only.
Offer available in AZ/CO/IN/IA/NJ/PA/VA. Different offer available in OH.
Must make a qualifying deposit of $10+. Must make qualifying cash wager at odds of -300 or greater. Qualifying Wager must settle within 7 days of opening a new Betway account. The amount of the settled losing bet will be credited back in the form of non-withdrawable bonus bets.
See full T&C at Betway.$500 Second Chance Bet
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in PA.
Up to $100 bonus in AZ/IN/NJ/VA
Players must opt in to promotion when registering account, make a qualifying deposit (min $10), and place first real-money wager bet (min $10). If first qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets. Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater.
See full T&C at Unibet.Up to $1,000 in Matched Bets
Over Your First 5 Weeks
Promo Code: CLUTCH1000T&C Apply100% Bet Match up to $200 on Your First Wager Each Week for Your First Five Weeks
21+. New customers only.
CO only. Different offer available in IA.
Must deposit and wager $10+ within 30 days to become eligible for the 100% Bet Match up to $200 in non-withdrawable bonus bets for five (5) consecutive weeks (maximum total of $1,000). Bet Matches will only be applied to the first qualifying wager of each week. Promotional weeks begin on Monday, and wagers must be straight bets (no promotional markets) with odds of -200 or greater. Qualifying wagers must settle within seven (7) days of the bet placement.
Must use promo code CLUTCH1000
See full T&C at ClutchBet.
Ben Smith
Betting ExpertBetting Advice from the Expert
One thing that’s always important to keep in mind: you shouldn’t bet on any promotion that you wouldn’t normally bet on. If you’re really conflicted about a game, don’t let a shiny odds boost shift your opinion one way or another. You can always sit out and wait for the next game.
Latest Sports Betting Promotions
Bet365 Louisiana Bonus - Bet $1, Get $365
Bet365 is now LIVE in Louisiana - new users can claim $365 in bonus bets right after placing their first $1 bet! Read more
Sporttrade Promo Code - Up to $500 Cash Back
Get up to $500 back in real money with our exclusive Sporttrade promo code SBOST Read more
Bet365 Sign Up Bonus - Up to $1,000 in Bonus Bets
New users to Bet365 have their choice of offer when joining! Read more
BetRivers Sign Up Bonus - Up to $500
Claim a second chance bet of up to $500 on BetRivers when registering your account Read more
FanDuel NFL Shuffle 'Em - $100K in Prizes
Make a free pick every Monday night for a shot at a share of up to $100,000 in prizes! Read more
Bet365 Casino NJ Giveaway - Up to $1,000 Weekly
Win up to $1,000 in prizes each week for 10 weeks on Bet365 NJ Casino! Read more
How We Judge Sportsbook Promotions
Not all sportsbook promos are created equal - there are a few key factors that can determine how much value you’re really getting from an offer.
While some of this information may be highly advertised, you may have to dig deeper to find out the more minute details. As always, make sure to read the Terms & Conditions readily available on every promotion to arm yourself with information and put yourself in a position to win big.
Maximum Possible Value
Put simply - if you were to maximize this offer, how much money or site credit would you stand to gain? This information is usually advertised, so it’s fairly easy to find.
Qualifying Wager Requirements
To qualify for the promotion, how much risk do you need to take on? If you’re a dink-and-dunk bettor like me, this is very important.
Turnover Requirements
If you receive a bonus of some sort, you’ll rarely be rewarded with withdrawable cash. Most promotions would require you to bet your bonus money a certain number of times for it to be converted into cash.
Minimum Odds Requirement
How safe can you play with this promotion? Most sportsbook promotions have a minimum odds requirement of at least -500, if not higher like -200.
Expiration Date
You don’t want to miss out - check to make sure to check the T’s & C’s to ensure that you’ll have as much time as you want to use your promo.
Best Sportsbook Promotions
Best Sports Betting Promotions
This isn’t a one-size-fits-all situation - there are many different types of sports betting promotions available. Where they’re offered, how much they’re really worth, and how frequently they’re available can vary wildly.
Check out our quick breakdowns of the top sports betting promotions available below.
Sportsbook Promotions by State
Existing Customer Bonus Bet Promotions
The bonus bet is a popular form of sportsbook promotion. Bonus bets are on-site credits that can be used for betting and are almost always non-withdrawable and non-transferable.
How and why bonus bet promos are doled out can be varied.
Oftentimes, bonus bets are offered for a specific major sporting event. For example, many operators are currently offering March Madness sportsbook promotions for both new and existing customers.
In other cases, bonus bets are the result of an action the user takes on the site. If a sportsbook wants bettors to try out a new feature, they’ll often offer users a small bonus bet as a reward for being the guinea pig for this new feature.
Bonus bets usually necessitate a turnover requirement to be satisfied before they can be withdrawn as cash.
Barstool Sportsbook Customization Bonus - Get $5 in Bonus Cash Just for Customizing Your Profile
Sign up with Barstool Sportsbook and customize your profile for a $5 bonus bet Read more
Free to Play Sports Betting Promotions
Some sportsbooks offer users to win rewards like bonus bets or cash prizes without any risk at all.
This can come in the form of prediction games like pick ‘ems or pools. Via DraftKings Sportsbook Pools, users have the chance to take part in free to play pools every day for the chance to win cash rewards with no personal risk.
These are some of our favorite promotions because they tend to be fun and offer truly no risk to the user.
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
Second Chance Bet Sportsbook Promos
Sportsbooks like DraftKings often offer second chance or no sweat promotions for both new and existing customers
The second chance bet is standard fare for sportsbooks to offer as a sign up bonus, but it’s also common to see them offered for existing players as a sportsbook promotion.
With second chance bets, the user is refunded up to a certain amount in bet credits if their wager misses the mark. The bettor will then need to fulfill a turnover requirement in order for the refunded site credits to be converted into real cash once again.
Similar to bonus bet promotions, these wagers are often offered for major events. FanDuel has been known to frequently offer second chance bet promotions for Monday Night Football, for instance.
Odds Boosts Sportsbook Promos
Probably the most popular existing customer promotion, odds boosts are offered by just about every sportsbook on the market in some form or another.
With odds boosts, sportsbooks will alter the odds of a given event to make the possible payout more profitable to the bettor. This is a low-risk move by the sportsbook since they’ll end up not having to pay out on the boosted odds half the time, while also attracting more action to a match-up.
Caesars Sportsbook, like many competitors, offers users dozens of odds boosts across multiple sports each and every day
For example, a site like DraftKings Sportsbook frequently offers odds boosts. If they would normally offer +360 odds on Giancarlo Stanton to hit a home run in a given game, they could bump it up to +450. This will bump up the action on the wager, meaning that the sportsbook will get to pocket more if Stanton is kept inside the ballpark. However, if you took the bait and bet on Stanton to go yard and he does, then you just made a higher percentage on your profit.
It’s a win-win proposition for the sportsbook and the bettor, so it makes sense that you can find odds boosts offered on almost every sportsbook.
Top 5 Sportsbooks with Odds Boosts
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Up to $1,000 First Bet on Caesars
T&C ApplyUp to $1,000 Back in Bonus Bets if Your First Wager Loses
21+ only. New customers only.
AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY.
Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt.
See full T&C at Caesars.Now a Fanatics Experience
T&C Apply21+. PointsBet is available in CO/IA/IL/IN/KS/LA/MD/MI/NJ/NY/OH/PA/VA/WV.
See full T&C at PointsBet.Bet $5, Win $150
T&C ApplyPlace a $5 Moneyline Wager and get $150 in Bonus Bets if Your Team Wins
21+. New customers only. Offer available in
AZ/CO/CT/IA/IL/IN/KS/KY/LA/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. Promotion bonus will be credited to your account within 72 hours settlement of Qualifying Wager as a win. First online real money wager only (minimum $5). Bonus issued as non-withdrawable bonus bets that expires in 14 days.
NBA League Pass trial subscription will be sent to user email upon satisfying promotional requirement.See full T&C at FanDuel.2nd Chance Bet up to $500
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in IL/IN/MD/LA/MI/PA/VA.
Up to $250 bonus in CO/NJ
Up to $100 bonus in AZ/IA/NY/OH/WV
Must make a qualifying deposit of $10+ with promo code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500.
See full T&C at BetRivers.Bet $100 Get $5
T&C Apply21+. 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 MA eligible to receive max $100 in Bet Credits. Players in NY eligible to receive max $5 in Bet Credits. Players in MI eligble to receive max $50 in Bet Credits and $50 in Casino Bonus. Full T&C apply, visit WynnBET for details.
Profit Boosts
Functionally very similar to odds boosts, profit boosts increase your possible winnings on certain bets.
They are different than odds boosts because the sportsbook usually allows you to use your profit boost at your own discretion. Additionally, profit boosts typically only apply to your winnings - so your stake is not included in the boost percentage.
Sportsbook Profit Boost Promos
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
100% Profit Boosts on Select Wagers
T&C ApplyUp to $1,000 Back in Bonus Bets if Your First Wager Loses
21+ only. New customers only.
AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY.
Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt.
See full T&C at Caesars.10-20% Profit Boosts on Live Bets
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in PA.
Up to $100 bonus in AZ/IN/NJ/VA
Players must opt in to promotion when registering account, make a qualifying deposit (min $10), and place first real-money wager bet (min $10). If first qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets. Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater.
See full T&C at Unibet.
Parlay Boosts
Another way to get juiced payouts on sportsbooks is to take advantage of some boosted parlays. Parlays are much riskier than straight bets because they require multiple outcomes to go your way instead of just one.
So, it makes sense that sportsbooks try to push players to take this route. If you do want to place parlay bets (which, let’s be honest, we all do) choosing a sportsbook that regularly offers parlay boosts can be a smart way to enhances your chances at a big payday.
Sportsbook Parlay Boost Promos
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Boosts on 3+ Leg Parlays
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in PA.
Up to $100 bonus in AZ/IN/NJ/VA
Players must opt in to promotion when registering account, make a qualifying deposit (min $10), and place first real-money wager bet (min $10). If first qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets. Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater.
See full T&C at Unibet.Boosts on Multi Sport Parlays
Get $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Limit one bonus per user.
Offer available in CO/IA/KY/NJ/OH/VA.
Different offer available in LA.
First online real money wager for both offers. $10 first deposit required within 30 days.
Minimum wager of $5 required to claim the $150 bonus bets.
Loss refunded as bonus bets up to $1000 with Safety Net Offer
Bonus issued as non withdrawable bonus bets that expires in 90 days.
See full T&C at Bet365. #adParlay Boosts up to 40%
T&C ApplyUp to $1,500 Back in Bonus Bets if Your First Wager Loses
21+. New users only. Offer available in AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY. Offer not available in DC/MS/NV/NY/PR.
Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,500.
See full T&C at BetMGM.Boosts up to 15% on NHL Parlays
T&C ApplyUp to $250 Back in Bonus Bets if Your First Wager Loses
21+. New users only.
Offer available in AZ/CO/IN/IA/NJ/PA/VA. Different offer available in OH.
Must make a qualifying deposit of $10+. Must make qualifying cash wager at odds of -300 or greater. Qualifying Wager must settle within 7 days of opening a new Betway account. The amount of the settled losing bet will be credited back in the form of non-withdrawable bonus bets.
See full T&C at Betway.
Unibet Level Up Parlay Booster
$500 Second Chance Bet
Unibet’s Level Up Parlay Booster is one of the best parlay boost offers on the market.
With the Unibet Level Up Parlay Booster, you can get boosts of up to 50% on parlays of legs of 3 or more. As long as each selection in your betslip has odds of -200 or more then you will be eligible for a boost, no matter how many sports are involved.
If you’re a frequent parlay bettor, you can take advantage of this promo every week on Unibet.
Unibet Level Up Parlay Booster - Unlimited Parlay Odds Boosts on Unibet
With the Unibet Level Up Parlay Booster, you are eligible for unlimited odds boosts every day on parlays of 3-12 legs Read more
Bet Insurance Sportsbook Promotions
Not dissimilar from second chance bets, bet insurance promotions protect you from bad beats and ensure that you’ll see some sort of reward from your wager.
Many sportsbooks offer this as a way to entice bettors to place certain bets, with assurances that their winnings will be locked in at some point or that close losses will be refunded with on-site credits. For example, Bet365 offers an early payout for many sports if the team a bettor backed goes up by a certain number of points or runs.
Bet365 Early Payout Offers
Bet $5, Get $150 or
$1,000 First Bet Safety Net
$1,000 First Bet Safety Net
One of the best sportsbook promotions out there has to be Bet365’s early payout offers.
Offered for many sports, including the NFL, NCAAF, and MLB, Bet365 early payout offers to lock in your winnings if the team you backed goes up by a certain number of points, 17 points for NFL moneyline bets, for example.
We love this promo because it safeguards our bets against disastrous blown leads and the bead beats that keep every bettor up at night.
Bet365 NFL Early Payout Offer - Lock in Your NFL Winnings
The Bet365 NFL Early Payout Offer allows you to lock in your money line NFL bets if your team gains a 17 point lead at any point Read more
BetMGM Thursday Night Halftime Payout - Early NFL Payouts
The BetMGM Thursday Night Halftime Payout promo lets you lock in your money line Thursday Night Football bets if your team is up by 10 points or more at halftime Read more
Bet365 NCAAF Early Payout Offer - Lock in Your College Football Winnings
The Bet365 NCAAF Early Payout Offer allows you to lock in your money line College Football bets if your team goes up by 17 Read more
Parlay Insurance
BetMGM offers users One Game Parlay Insurance up to $50 for some sports
Another interesting twist on bet insurance promos is parlay insurance. Extremely similar to typical bet insurance in practice, parlay insurance refunds bettors with on-site credits if one leg of their parlay fails. Usually, these offers require parlay bets to have a minimum of 3 legs and have their total insured amount capped around $25, although these numbers could vary.
Many sportsbooks offer this specifically for same or single game parlays, which is a feature that has become very popular in recent years.
Sportsbook Rewards Programs
Many sportsbooks look to entice players to come back by offering an ongoing slate of rewards for returning players. Rewards can include bonus bets, virtual currency that you can redeem for prizes, or even real-life rewards at hotel and casino.
Casino brands that have begun offering online sports betting, like Caesars, BetMGM, and BetRivers even let users link their hotel and casino rewards memberships to the sportsbook, so they can earn credit towards hotel stays and other high roller perks.
Sportsbooks with Rewards Programs
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Caesars Rewards for Hotel & Casino
T&C ApplyUp to $1,000 Back in Bonus Bets if Your First Wager Loses
21+ only. New customers only.
AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY.
Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt.
See full T&C at Caesars.M Life Rewards for Hotel & Casino
T&C ApplyUp to $1,500 Back in Bonus Bets if Your First Wager Loses
21+. New users only. Offer available in AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY. Offer not available in DC/MS/NV/NY/PR.
Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,500.
See full T&C at BetMGM.iRush Rewards for Hotel & Casino
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in IL/IN/MD/LA/MI/PA/VA.
Up to $250 bonus in CO/NJ
Up to $100 bonus in AZ/IA/NY/OH/WV
Must make a qualifying deposit of $10+ with promo code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500.
See full T&C at BetRivers.Rewards for Sportsbook, Casino, & DFS
T&C ApplyGet $150 in Bonus Bets After Your First Real Money $5 Wager + No Sweat Same Game Parlays Everyday
21+. New customers only. Offer available in
AZ/CO/CT/IL/IN/IA/KS/KY/LA/MD/MI/NJ/ NY/OH/PA/TN/VA/WV/WY.
Minimum $5 deposit, and minimum $5 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. One qualifying bet per customer. Opt in req. 1 No Sweat token issued per day. Max. wagering limits apply.
See full T&C at DraftKings.Redeem Rewards Points for Bonus Bets
T&C Apply21+. 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 MA eligible to receive max $100 in Bet Credits. Players in NY eligible to receive max $5 in Bet Credits. Players in MI eligble to receive max $50 in Bet Credits and $50 in Casino Bonus. Full T&C apply, visit WynnBET for details.
Sportsbook Refer-A-Friend Promos
Of course, many sportsbooks still look to plain old word of mouth to spread the good word of their platform. After all, what’s better marketing than a recommendation from a friend? It doesn’t matter how many pro athletes or movie stars you get to promote a product - this will always be more effective than a commercial.
How do sportsbooks encourage regular users to promote their platform? By doling out some cash, of course.
That's right, many sportsbooks will give bettors a promo, just for getting their buddies to sign up and deposit on the betting site. Typically, the referrer receives a bonus and the new bettor starts with a nice bonus on top of their typical sign up bonus.
If you have a group of friends that loves sports, I encourage you to look into sportsbooks with Refer-A-Friend programs. It's a simple, easy way to maximize the monetary value of your sportsbook experience for you and your friends.
Online Sportsbook Refer-A-Friend Promotions
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Give $100, Get $100
T&C ApplyPlace a $5 Moneyline Wager and get $150 in Bonus Bets if Your Team Wins
21+. New customers only. Offer available in
AZ/CO/CT/IA/IL/IN/KS/KY/LA/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. Promotion bonus will be credited to your account within 72 hours settlement of Qualifying Wager as a win. First online real money wager only (minimum $5). Bonus issued as non-withdrawable bonus bets that expires in 14 days.
NBA League Pass trial subscription will be sent to user email upon satisfying promotional requirement.See full T&C at FanDuel.Receive $100 Bonus after Friend's First Deposit
T&C ApplyGet $150 in Bonus Bets After Your First Real Money $5 Wager + No Sweat Same Game Parlays Everyday
21+. New customers only. Offer available in
AZ/CO/CT/IL/IN/IA/KS/KY/LA/MD/MI/NJ/ NY/OH/PA/TN/VA/WV/WY.
Minimum $5 deposit, and minimum $5 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. One qualifying bet per customer. Opt in req. 1 No Sweat token issued per day. Max. wagering limits apply.
See full T&C at DraftKings.Refer-A-Friend for up to $50
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in PA.
Up to $100 bonus in AZ/IN/NJ/VA
Players must opt in to promotion when registering account, make a qualifying deposit (min $10), and place first real-money wager bet (min $10). If first qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets. Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater.
See full T&C at Unibet.Get $100 Bonus for Each Friend Referred
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in IL/IN/MD/LA/MI/PA/VA.
Up to $250 bonus in CO/NJ
Up to $100 bonus in AZ/IA/NY/OH/WV
Must make a qualifying deposit of $10+ with promo code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500.
See full T&C at BetRivers.
Sportsbook Bonuses
Of course, to get you in the door, sportsbooks also usually offer valuable sign up bonuses to try to draw users to their product.
There are a few different types of bonuses that you’ll frequently see offered, including bet & get offers, second chance bets, and deposit bonuses.
Second Chance Bets
Currently the most commonly offered 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 get nothing. 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.
This is a bit less valuable than a vanilla bonus bet because you only get the benefit of the bonus if your wager loses. Even then, you will almost always be refunded in site credits and need to then complete the offer’s turnover requirement.
Many online sportsbooks have adopted this sign up bonus model.
Second Chance Bet Sportsbook Bonuses
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Up to $1,000 First Bet on Caesars
T&C ApplyUp to $1,000 Back in Bonus Bets if Your First Wager Loses
21+ only. New customers only.
AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY.
Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt.
See full T&C at Caesars.Bet $5, Win $150
T&C ApplyPlace a $5 Moneyline Wager and get $150 in Bonus Bets if Your Team Wins
21+. New customers only. Offer available in
AZ/CO/CT/IA/IL/IN/KS/KY/LA/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. Promotion bonus will be credited to your account within 72 hours settlement of Qualifying Wager as a win. First online real money wager only (minimum $5). Bonus issued as non-withdrawable bonus bets that expires in 14 days.
NBA League Pass trial subscription will be sent to user email upon satisfying promotional requirement.See full T&C at FanDuel.Bet $5, Get $150 or
$1,000 First Bet Safety NetGet $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Limit one bonus per user.
Offer available in CO/IA/KY/NJ/OH/VA.
Different offer available in LA.
First online real money wager for both offers. $10 first deposit required within 30 days.
Minimum wager of $5 required to claim the $150 bonus bets.
Loss refunded as bonus bets up to $1000 with Safety Net Offer
Bonus issued as non withdrawable bonus bets that expires in 90 days.
See full T&C at Bet365. #ad2nd Chance Bet up to $500
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in IL/IN/MD/LA/MI/PA/VA.
Up to $250 bonus in CO/NJ
Up to $100 bonus in AZ/IA/NY/OH/WV
Must make a qualifying deposit of $10+ with promo code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500.
See full T&C at BetRivers.Up to $1,500 Back in Bonus Bets
T&C ApplyUp to $1,500 Back in Bonus Bets if Your First Wager Loses
21+. New users only. Offer available in AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY. Offer not available in DC/MS/NV/NY/PR.
Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,500.
See full T&C at BetMGM.
Deposit Bonuses
Desert Diamond currently offers users a deposit sign up bonus
Deposit bonuses are another common sportsbook bonus used to attract new users.
Here, the sportsbook will track how much money you place into your account with your initial deposit. From there, the betting site will usually match your initial deposit, up to a certain dollar amount.
Deposit bonuses are more user-friendly than the second chance bet but less generous than the bonus bet. Deposit bonuses are offered by sites like DraftKings Sportsbook and BetRivers.
A former semi-pro lacrosse player, Avery got into sports betting by participating in a team that built an algorithm to predict NHL games. Around this time he became an expert in the world of sports betting and uses that information to provide users with the deepest insights into US online sportsbooks.
Online Sportsbook Articles
Our Favorite Sportsbook Promotions
Pat - Content Writer
During the NBA Season, I can go a little bit crazy with the Same Game Parlays. Of course, this can be super-fun, but a 5-leg SGP parlay on a random February Hornets-Kings game isn’t always the best idea.
Same Game Parlay Insurance from BetMGM has saved me from myself on several occasions.
Ben - Project Leader & Betting Expert
In my lifetime of betting, I’ve experienced more bad beats than you could imagine. Just during the 2021 NFL season, I almost cashed in a huge moneyline bet on the Lions as home dogs to upset the Ravens in Detroit. Then Justin Tucker happened.
That’s why I love Bet365’s early payout offers. These ensure that I don’t have to suffer a bad beat from a blown lead ever again.
Oscar - Tech Expert
Parlay bets are some of the most fun ways to wager, in my opinion. Straight bets can get a little vanilla for me, so mixing it up is nice.
I can get an even bigger return on my parlays by taking advantage of the Unibet Parlay Boosters.
Online Sportsbook Bonuses
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
![DraftKings Sportsbook]()
DraftKings Sportsbook
Bet $5, Get $150
+ No Sweat SGPT&C ApplyGet $150 in Bonus Bets After Your First Real Money $5 Wager + No Sweat Same Game Parlays Everyday
21+. New customers only. Offer available in
AZ/CO/CT/IL/IN/IA/KS/KY/LA/MD/MI/NJ/ NY/OH/PA/TN/VA/WV/WY.
Minimum $5 deposit, and minimum $5 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. One qualifying bet per customer. Opt in req. 1 No Sweat token issued per day. Max. wagering limits apply.
See full T&C at DraftKings.![Caesars Sportsbook]()
Caesars Sportsbook
Up to $1,000 First Bet on Caesars
T&C ApplyUp to $1,000 Back in Bonus Bets if Your First Wager Loses
21+ only. New customers only.
AZ/CO/IL/IN/IA/KS/KY/LA/MA/ MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Different offer available in KY.
Deposit required (min $10). Must place first real money Qualifying Wager (min $10) within 30 days. Qualifying wager must settle within 30 days of being placed. Qualifying wager returned as non-withdrawable bonus bets only if wager is settled as a loss. Maximum Bonus Bet $1,000. Bonus Bet expires 14 days after receipt.
See full T&C at Caesars.![FanDuel Sportsbook]()
FanDuel Sportsbook
Bet $5, Win $150
T&C ApplyPlace a $5 Moneyline Wager and get $150 in Bonus Bets if Your Team Wins
21+. New customers only. Offer available in
AZ/CO/CT/IA/IL/IN/KS/KY/LA/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. Promotion bonus will be credited to your account within 72 hours settlement of Qualifying Wager as a win. First online real money wager only (minimum $5). Bonus issued as non-withdrawable bonus bets that expires in 14 days.
NBA League Pass trial subscription will be sent to user email upon satisfying promotional requirement.See full T&C at FanDuel.![PointsBet]()
PointsBet
Now a Fanatics Experience
T&C Apply21+. PointsBet is available in CO/IA/IL/IN/KS/LA/MD/MI/NJ/NY/OH/PA/VA/WV.
See full T&C at PointsBet.![BetMGM]()
BetMGM
Up to $1,500 Back in Bonus Bets
T&C ApplyUp to $1,500 Back in Bonus Bets if Your First Wager Loses
21+. New users only. Offer available in AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/OH/PA/TN/VA/WV/WY. Offer not available in DC/MS/NV/NY/PR.
Qualifying deposit (min $10) and first real money wager required. If qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets up to $1,500.
See full T&C at BetMGM.![Bet365]()
Bet365
Bet $5, Get $150 or
$1,000 First Bet Safety NetGet $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Limit one bonus per user.
Offer available in CO/IA/KY/NJ/OH/VA.
Different offer available in LA.
First online real money wager for both offers. $10 first deposit required within 30 days.
Minimum wager of $5 required to claim the $150 bonus bets.
Loss refunded as bonus bets up to $1000 with Safety Net Offer
Bonus issued as non withdrawable bonus bets that expires in 90 days.
See full T&C at Bet365. #ad![Unibet]()
Unibet
$500 Second Chance Bet
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in PA.
Up to $100 bonus in AZ/IN/NJ/VA
Players must opt in to promotion when registering account, make a qualifying deposit (min $10), and place first real-money wager bet (min $10). If first qualifying bet settles as a loss, user is refunded 100% in non-withdrawable bonus bets. Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater.
See full T&C at Unibet.![BetRivers]()
BetRivers
2nd Chance Bet up to $500
T&C ApplyUp to $500 Back in Bonus Bets if Your First Wager Loses
21+. New customers only. Offer amount varies by state.
Up to $500 bonus in IL/IN/MD/LA/MI/PA/VA.
Up to $250 bonus in CO/NJ
Up to $100 bonus in AZ/IA/NY/OH/WV
Must make a qualifying deposit of $10+ with promo code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $500.
See full T&C at BetRivers.![WynnBET]()
WynnBET
Bet $100 Get $5
T&C Apply21+. 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 MA eligible to receive max $100 in Bet Credits. Players in NY eligible to receive max $5 in Bet Credits. Players in MI eligble to receive max $50 in Bet Credits and $50 in Casino Bonus. Full T&C apply, visit WynnBET for details.
![SI Sportsbook]()
SI Sportsbook
Bet $10, Get $50
Not Available in OhioT&C Apply21+. New customers only. CO/MI/VA. Must place a qualifying wager of $10+ with minimum odds of -200 or greater after making a first time deposit. Five (5) $10 non-withdrawable Bet Credit Tokens will be awarded after the qualifying wager settles. Full T&C apply, visit SI Sportsbook for more details.
![PlaySugarHouse]()
PlaySugarHouse
2nd Chance Bet up to $100
T&C ApplyUp to $100 Back in Bonus Bets if Your First Wager Loses
21+. New customers located in CT only.
Must make a qualifying deposit of $10+ with promo code SPORTS. Must make qualifying cash wager with odds of -200 or greater. If the first qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $100.
See full T&C at PlaySugarHouse.![Betfred Sports]()
Betfred Sports
Up to $105 on Fred
if Your First Bet LosesT&C ApplyUp to $105 Back in Fred Bets if Your First Wager Loses
21+. New customers only.
Offer available in AZ/CO/IA/MD/OH/VA. No Bonus in PA.
Minimum qualifying wager of $20+. Minimum odds of -200. Qualifying wager must settle as a loss to be eligible to claim Fred Bets. Maximum bonus awarded is $105, and Fred Bets must be wagered within 7 days of receiving.
See full T&C at Betfred.
