Sportsbooks Online Presents Best Sportsbook Promotions
Your guide to the best sports betting promos on the market
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.
Sportsbook | Bonus | Min. Deposit | Turnover | Legal States | Action | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
#1 |
Bet & Get up to $1,000 in No Sweat Bets |
Min. Deposit
$5 |
Turnover
1x |
Legal States
+20 |
T&C Apply
Up to $100 Back in Bonus Bets if Your Bet Loses Every Day for 10 Straight Days (Up to $1,000 Total) 21+. New customers in AZ/CO/CT/IL/IN/IA/KY/LA/MD/MA/ MI/NC/OH/PA/TN/VT/VA/WV/WY/DC only. Different offer available in NY. Must opt-in and make a qualifying wager of $1+. One qualifying wager per day. Qualifying cash wager must have odds of -500 or greater. If the qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $100 per day. Bonus bets paid out within 72 hours of qualifying wager settlement. Bonus Bets expire 7 days from issuance. See full T&C at Fanatics Sportsbook. | ||||||
#2 |
Bet $5, Win $150 in Bonus Bets + 3 Months of NBA League Pass |
Min. Deposit
$10 |
Turnover
1x |
Legal States
+20 |
T&C Apply
Place a $5 Wager and Get $150 in Bonus Bets if Your Wager Wins Plus 3 Months of NBA League Pass 21+. New customers only. Offer(s) available in AZ/CO/CT/IA/IL/IN/KS/KY/LA/MD/MA /MI/NC/NJ/NY/OH/PA/TN/VT/VA/WV/WY/DC. Minimum $10 first deposit required. A promotion code to access your three month subscription to NBA League Pass will be sent to your email within 72 hours of your eligible bet placement, regardless if your wager wins or lose. Promotion bonus and will be credited to your account within 72 hours of settlement of Qualifying Wager as a win. First online real money wager only (minimum $5). Bonuses issued as non-withdrawable bonus bets that expire in 7 days. See full T&C at FanDuel. | ||||||
#3 |
Bet $5, Get $150 or $1,000 First Bet Safety Net |
Min. Deposit
$10 |
Turnover
1x |
Legal States
+8 |
T&C Apply
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 AZ/IA/IN/KY/LA/NJ/NC/OH/VA. Different offers available in CO & PA. 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. Must contain at least one selection at odds of -500 or greater. Loss refunded as bonus bets up to $1,000 with Safety Net Offer. Bonus issued as non withdrawable bonus bets that expire in 7 days. See full T&C at Bet365. #ad | ||||||
#4 |
Bet $1, Double Your Winnings on Your Next 10 Bets |
Min. Deposit
10 |
Turnover
1x |
Legal States
+19 |
T&C Apply
Get 10 100% Profit Boosts After Your First Real Money Wager of $1 21+ only. New customers only. Must use Promo Code SBODYW. AZ/CO/IL/IN/IA/KS/KY/LA/ME/MA/MD/MI/NJ/NY/NC/OH/PA/TN/VA/WV/WY/DC only. Deposit required (min $10). Must place first real money Qualifying Wager (min $1) within 30 days. Receive ten 100% Profit Boosts to use on any market. Maximum wager for each profit boost is $25. Maximum additional winnings for each rewarded profit boost is $2,500. Profit Boosts expire 14 days after receipt. See full T&C at Caesars. | ||||||
#5 |
Bet $5, Win $150 in Bonus Bets |
Min. Deposit
$5 |
Turnover
1x |
Legal States
+23 |
T&C Apply
Get $150 in Bonus Bets If You Win Your First Real Money of $5+ 21+. 1 per new customer. Offer available in DC/IA/KS/KY/LA (select parishes only)/MD/MI/NJ/NY/TN/VA/VT. Bonus Bets do not require a winning wager in AZ/CO/CT/IL/IN/MA/ME/NC/OH/PA/WY/WV. Void in ONT/OR/NH. Eligibility restrictions apply. Min. $5 deposit. Min. $5 qualifying wager. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. See full T&C at DraftKings. | ||||||
#6 |
Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win |
Min. Deposit
$10 |
Turnover
1x |
Legal States
+18 |
T&C Apply
Up to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win 21+. New users only. Offer available in AZ/CO/IL/IN/IA/KS/LA/MD/MA/ MI/NJ/OH/PA/TN/VA/WV/WY. Different offer available in NC. Offer not available in 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. Rewards are non-withdrawable bonus bets that expire in 7 days. Please gamble responsibly. Gambling problem? Call 1-800-GAMBLER. See full T&C at BetMGM. | ||||||
#7 |
2nd Chance Bet up to $500 |
Min. Deposit
$10 |
Turnover
1x |
Legal States
+11 |
T&C Apply
Up 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 SBOBONUS. 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. | ||||||
#8 |
Cash Back up to $300 Promo Code: SBOST |
Min. Deposit
$5 |
Turnover
0x |
Legal States
+2 |
T&C Apply
Earn 10% Cash Back up to $300 Over Your First 7 Days 21+. New customers only. AZ/CO/IA/NJ only. Deposit required. Earn 10% cash back on each qualifying wager through the first 7 days of betting, up to $300 ($3,000 to reach max value). The promotional period begins after the first wager. Cash back will be awarded within 72 hours at the end of the player's 7 day period as a single sum. See full T&C at Sporttrade. | ||||||
#9 |
100% Deposit Match up to $250 |
Min. Deposit
$100 |
Turnover
2x |
Legal States |
T&C Apply
Get Your First Deposit Matched 100% up to $250 in Bonus Bets 21+. New customers located in AZ only (excludes Indian lands). Minimum $100 deposit. Bonus amount is equal to 100% of the deposit amount, not to exceed $250. Must wager deposit plus bonus amount (“Wagering Requirement”) in order to meet the wagering requirements for this Promotion. Bonus Money expires after 14 days of issuance. See full T&C at Desert Diamond. | ||||||
#10 |
Bet $20, Get $100 Sportsbook Only Available in NJ |
Min. Deposit
$20 |
Turnover
1x |
Legal States |
T&C Apply
Get $100 in Bonus Bets After Your First Real Money $20 Wager 21+. New customers only. NJ only. 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 expire in 7 days. See full T&C at Borgata. | ||||||
#11 |
First Bet Insurance up to $500 |
Min. Deposit
$10 |
Turnover
1x |
Legal States |
T&C Apply
Up to $500 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. MD only. Minimum $10 deposit. Must make qualifying cash wager with odds of -120 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. Bonus Bets awarded in $25 increments, rounded down to the nearest multiple. Winnings from bonus bets are capped at 2x the stake. See full T&C at Crab Sports. |
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!
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.
There are a few different opinions on this matter, but some of our favorites include:
- Bet365 - Early Payout Offers for Select Sports
- Caesars Sportsbook - Regular odds boosts
- BetRivers - $100 Refer-A-Friend 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.
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.
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!
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.
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.
Sportsbook | Bonus | Action | |||
---|---|---|---|---|---|
#1 |
Bet & Get up to $1,000 in No Sweat Bets |
T&C Apply
Up to $100 Back in Bonus Bets if Your Bet Loses Every Day for 10 Straight Days (Up to $1,000 Total) 21+. New customers in AZ/CO/CT/IL/IN/IA/KY/LA/MD/MA/ MI/NC/OH/PA/TN/VT/VA/WV/WY/DC only. Different offer available in NY. Must opt-in and make a qualifying wager of $1+. One qualifying wager per day. Qualifying cash wager must have odds of -500 or greater. If the qualifying wager settles as a loss, receive a non-withdrawable Bonus Bet equal to your stake, up to a maximum of $100 per day. Bonus bets paid out within 72 hours of qualifying wager settlement. Bonus Bets expire 7 days from issuance. See full T&C at Fanatics Sportsbook. | |||
#2 |
Bet $5, Win $150 in Bonus Bets + 3 Months of NBA League Pass |
T&C Apply
Place a $5 Wager and Get $150 in Bonus Bets if Your Wager Wins Plus 3 Months of NBA League Pass 21+. New customers only. Offer(s) available in AZ/CO/CT/IA/IL/IN/KS/KY/LA/MD/MA /MI/NC/NJ/NY/OH/PA/TN/VT/VA/WV/WY/DC. Minimum $10 first deposit required. A promotion code to access your three month subscription to NBA League Pass will be sent to your email within 72 hours of your eligible bet placement, regardless if your wager wins or lose. Promotion bonus and will be credited to your account within 72 hours of settlement of Qualifying Wager as a win. First online real money wager only (minimum $5). Bonuses issued as non-withdrawable bonus bets that expire in 7 days. See full T&C at FanDuel. | |||
#3 |
Bet $5, Get $150 or $1,000 First Bet Safety Net |
T&C Apply
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 AZ/IA/IN/KY/LA/NJ/NC/OH/VA. Different offers available in CO & PA. 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. Must contain at least one selection at odds of -500 or greater. Loss refunded as bonus bets up to $1,000 with Safety Net Offer. Bonus issued as non withdrawable bonus bets that expire in 7 days. See full T&C at Bet365. #ad | |||
#4 |
Bet $1, Double Your Winnings on Your Next 10 Bets |
T&C Apply
Get 10 100% Profit Boosts After Your First Real Money Wager of $1 21+ only. New customers only. Must use Promo Code SBODYW. AZ/CO/IL/IN/IA/KS/KY/LA/ME/MA/MD/MI/NJ/NY/NC/OH/PA/TN/VA/WV/WY/DC only. Deposit required (min $10). Must place first real money Qualifying Wager (min $1) within 30 days. Receive ten 100% Profit Boosts to use on any market. Maximum wager for each profit boost is $25. Maximum additional winnings for each rewarded profit boost is $2,500. Profit Boosts expire 14 days after receipt. See full T&C at Caesars. | |||
#5 |
Bet $5, Win $150 in Bonus Bets |
T&C Apply
Get $150 in Bonus Bets If You Win Your First Real Money of $5+ 21+. 1 per new customer. Offer available in DC/IA/KS/KY/LA (select parishes only)/MD/MI/NJ/NY/TN/VA/VT. Bonus Bets do not require a winning wager in AZ/CO/CT/IL/IN/MA/ME/NC/OH/PA/WY/WV. Void in ONT/OR/NH. Eligibility restrictions apply. Min. $5 deposit. Min. $5 qualifying wager. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. See full T&C at DraftKings. | |||
#6 |
Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win |
T&C Apply
Up to $1,500 Back in Bonus Bets if Your First Wager Doesn't Win 21+. New users only. Offer available in AZ/CO/IL/IN/IA/KS/LA/MD/MA/ MI/NJ/OH/PA/TN/VA/WV/WY. Different offer available in NC. Offer not available in 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. Rewards are non-withdrawable bonus bets that expire in 7 days. Please gamble responsibly. Gambling problem? Call 1-800-GAMBLER. See full T&C at BetMGM. | |||
#7 |
2nd Chance Bet up to $500 |
T&C Apply
Up 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 SBOBONUS. 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. | |||
#8 |
Cash Back up to $300 Promo Code: SBOST |
T&C Apply
Earn 10% Cash Back up to $300 Over Your First 7 Days 21+. New customers only. AZ/CO/IA/NJ only. Deposit required. Earn 10% cash back on each qualifying wager through the first 7 days of betting, up to $300 ($3,000 to reach max value). The promotional period begins after the first wager. Cash back will be awarded within 72 hours at the end of the player's 7 day period as a single sum. See full T&C at Sporttrade. | |||
#9 |
100% Deposit Match up to $250 |
T&C Apply
Get Your First Deposit Matched 100% up to $250 in Bonus Bets 21+. New customers located in AZ only (excludes Indian lands). Minimum $100 deposit. Bonus amount is equal to 100% of the deposit amount, not to exceed $250. Must wager deposit plus bonus amount (“Wagering Requirement”) in order to meet the wagering requirements for this Promotion. Bonus Money expires after 14 days of issuance. See full T&C at Desert Diamond. | |||
#10 |
Bet $20, Get $100 Sportsbook Only Available in NJ |
T&C Apply
Get $100 in Bonus Bets After Your First Real Money $20 Wager 21+. New customers only. NJ only. 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 expire in 7 days. See full T&C at Borgata. | |||
#11 |
First Bet Insurance up to $500 |
T&C Apply
Up to $500 Back in Bonus Bets if Your First Wager Loses 21+. New customers only. MD only. Minimum $10 deposit. Must make qualifying cash wager with odds of -120 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. Bonus Bets awarded in $25 increments, rounded down to the nearest multiple. Winnings from bonus bets are capped at 2x the stake. See full T&C at Crab Sports. |
Latest Sports Betting Promotions
FanDuel Sportsbook is offering users like you the chance to get Profit Boost Tokens for the sportsbook just for referring a friend to the platform! You can score 2 Profit Boost ...
Get $25 in Bonus Bets after placing a parlay wager of at least $25 on the Dolphins-Packers Thanksgiving game!
Caesars Rewards members can enter to win tickets to Super Bowl LIX in New Orleans as part of over $45,000 worth of rewards
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
Click below to quickly navigate to a sports betting promotion!
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
As with many elements of online sports betting here in the US, the availability of each sportsbook promotion may vary from state to state. Laws are constantly changing and evolving, so sportsbooks that operate in several states may not be able to offer the same promotions across the board.
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.
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.
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.
Formerly called risk free bets, 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.
Featured Sportsbook with Odds Boosts
Caesars Sportsbooks
Get 10 100% Profit Boosts After Your First Real Money Wager of $1
21+ only. New customers only. Must use Promo Code SBODYW.
AZ/CO/IL/IN/IA/KS/KY/LA/ME/MA/MD/MI/NJ/NY/NC/OH/PA/TN/VA/WV/WY/DC only.
Deposit required (min $10). Must place first real money Qualifying Wager (min $1) within 30 days. Receive ten 100% Profit Boosts to use on any market. Maximum wager for each profit boost is $25. Maximum additional winnings for each rewarded profit boost is $2,500. Profit Boosts expire 14 days after receipt.
See full T&C at Caesars.
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.
DraftKings Sportsbook
Get $150 in Bonus Bets If You Win Your First Real Money of $5+
21+. 1 per new customer. Offer available in
DC/IA/KS/KY/LA (select parishes only)/MD/MI/NJ/NY/TN/VA/VT. Bonus Bets do not require a winning wager in AZ/CO/CT/IL/IN/MA/ME/NC/OH/PA/WY/WV. Void in ONT/OR/NH. Eligibility restrictions apply.
Min. $5 deposit. Min. $5 qualifying wager. Max. $150 issued as non-withdrawable Bonus Bets if your bet wins. Bonus Bets expire in 7 days (168 hours). Stake removed from payout.
See full T&C at DraftKings.
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.
Bet365 Parlay Boosts
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 AZ/IA/IN/KY/LA/NJ/NC/OH/VA. Different offers available in CO & PA.
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. Must contain at least one selection at odds of -500 or greater.
Loss refunded as bonus bets up to $1,000 with Safety Net Offer.
Bonus issued as non withdrawable bonus bets that expire in 7 days.
See full T&C at Bet365. #ad
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
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.
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 AZ/IA/IN/KY/LA/NJ/NC/OH/VA. Different offers available in CO & PA.
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. Must contain at least one selection at odds of -500 or greater.
Loss refunded as bonus bets up to $1,000 with Safety Net Offer.
Bonus issued as non withdrawable bonus bets that expire in 7 days.
See full T&C at Bet365. #ad
The Bet365 NFL Early Payout Offer allows you to lock in your moneyline NFL bets if your team gains a 17-point lead at any point during the game.
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
The Bet365 NCAAF Early Payout Offer allows you to lock in your moneyline College Football bets if your team goes up by 17
Parlay Insurance
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.
Featured Sportsbook with a Rewards Program
Caesars Rewards
Get 10 100% Profit Boosts After Your First Real Money Wager of $1
21+ only. New customers only. Must use Promo Code SBODYW.
AZ/CO/IL/IN/IA/KS/KY/LA/ME/MA/MD/MI/NJ/NY/NC/OH/PA/TN/VA/WV/WY/DC only.
Deposit required (min $10). Must place first real money Qualifying Wager (min $1) within 30 days. Receive ten 100% Profit Boosts to use on any market. Maximum wager for each profit boost is $25. Maximum additional winnings for each rewarded profit boost is $2,500. Profit Boosts expire 14 days after receipt.
See full T&C at Caesars.
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.
Featured Refer-a-Friend Promotion
BetRivers Referral Program
Up 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 SBOBONUS. 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.
Deposit Bonuses
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.