Sportsbooks Online Presents
Best Sportsbook Promotions
Your guide to the best sports betting promos on the market
Your guide to the best sports betting promos on the market
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.
Rank | Bookmaker | Bonus | Turnover | Min odds | ||
---|---|---|---|---|---|---|
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER. | ||||||
1 |
![]() DraftKings Sportsbook | Bet $5, Get $200 | Turnover: 1x bonus amount | Lowest odds: -300 | Claim Go to website |
T&C Apply 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. |
2 |
![]() Caesars Sportsbook | Up to $1,250 on Caesars | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 21+ only. New customers in AZ/CO/IL/IN/IA/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. 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 $1,250. Bonus Bet expires 14 days after receipt. Full T&C apply, visit Caesars Sportsbook for more details. |
3 |
![]() FanDuel Sportsbook | $1,000 No Sweat First Bet | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only. Limited to one per customer/household. Promotion Bonus will be credited to your account within 72 hours if your qualiyfing Wager settles as a loss. Maximum bonus amount is $1,000. Bonus issued as non-withdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com. |
4 |
![]() PointsBet | 5 Second Chance Bets up to $250 | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 21+. New customers only. CO/IA/IL/IN/KS/LA/MD/MI/NJ/NY/OH/PA/VA/WV. Must make a qualifying deposit (min $10) and place first real-money wager bets (minimum $0.50). If the first 5 cash bets (first bet per day for 5 consecutive days) on a fixed odds market loses, you will receive Bonus Bet(s) in the amount of the losing wager(s), up to $50 each. Full T&C apply, see sign up page for more info. |
5 |
![]() BetMGM | Up to $1,000 Back in Bonus Bets | Turnover: 1x bonus amount | Lowest odds: N/A | Claim Go to website |
T&C Apply 21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/ OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. 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 $1,000. Full T&C can be found on BetMGM. |
6 |
![]() Bet365 | 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 |
7 |
![]() Unibet | $500 Second Chance Bet | Turnover: 1x bonus amount | Lowest odds: -300 | Claim Go to website |
T&C Apply 21+. New customers only. Welcome offers differ between states. 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 (max bonus amount limited to $100 in AZ/IN/VA, max bonus limited to $500 in PA). Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater. Full T&Cs apply, see sign up page for more info. |
8 |
![]() BetRivers | 2nd Chance Bet up to $500 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply 21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim 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. Full T's & C's apply, see BetRivers for more details. |
9 |
![]() WynnBET | Bet $100 Get $100 | Turnover: 1x bonus amount | Lowest odds: -120 | Claim Go to website |
T&C Apply 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. |
10 |
![]() SI Sportsbook | Bet $10, Get $50 | Turnover: 1x bonus amount | Lowest odds: +120 | Claim Go to website |
T&C Apply 21+. 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. |
11 |
![]() PlaySugarHouse | 2nd Chance Bet up to $100 | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply 21+. New Customers Only. CT only. Must make a qualifying deposit of $10+ with claim 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. Full T&C apply, see PlaySugarHouse for more details. |
12 |
![]() Betfred Sports | Bet $50, Get Up to $1,111 in Fred Bets | Turnover: 1x bonus amount | Lowest odds: -200 | Claim Go to website |
T&C Apply 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. |
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!
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.
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
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:
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.
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
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Bet $5, Get $200
in Bonus Bets Instantly
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.
Up to $1,250 on Caesars
21+ only. New customers in AZ/CO/IL/IN/IA/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. 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 $1,250. Bonus Bet expires 14 days after receipt. Full T&C apply, visit Caesars Sportsbook for more details.
$1,000 No Sweat First Bet
21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only. Limited to one per customer/household. Promotion Bonus will be credited to your account within 72 hours if your qualiyfing Wager settles as a loss. Maximum bonus amount is $1,000. Bonus issued as non-withdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com.
5 Second Chance Bets up to $250
21+. New customers only. CO/IA/IL/IN/KS/LA/MD/MI/NJ/NY/OH/PA/VA/WV. Must make a qualifying deposit (min $10) and place first real-money wager bets (minimum $0.50). If the first 5 cash bets (first bet per day for 5 consecutive days) on a fixed odds market loses, you will receive Bonus Bet(s) in the amount of the losing wager(s), up to $50 each. Full T&C apply, see sign up page for more info.
Up to $1,000 Back in Bonus Bets
21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/ OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. 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 $1,000. Full T&C can be found on BetMGM.
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
$500 Second Chance Bet
21+. New customers only. Welcome offers differ between states. 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 (max bonus amount limited to $100 in AZ/IN/VA, max bonus limited to $500 in PA). Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater. Full T&Cs apply, see sign up page for more info.
2nd Chance Bet up to $500
21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim 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. Full T's & C's apply, see BetRivers for more details.
Bet $100 Get $100
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.
Bet $10, Get $50
Not Available in Ohio
21+. 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.
2nd Chance Bet up to $100
21+. New Customers Only. CT only. Must make a qualifying deposit of $10+ with claim 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. Full T&C apply, see PlaySugarHouse for more details.
Bet $50, Get Up to $1,111 in Fred Bets
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.
Betting 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.
Claim a deposit match of up to $500 on BetRivers by using our exclusive promo code SPORTS! Available to users in over 10 states! Read more
Caesars Sportsbook is offering users like you the chance to get $100 in bonus bets for referring a friend to the platform! Read more
DraftKings Sportsbook is offering you and your friend the chance to get $100 in bonus bets on the sportsbook for referring a friend to the platform! Claim up to $500 in bonus bets ... Read more
FanDuel Sportsbook is offering users like you the chance to get $75 in bonuses for the sportsbook and casino just for referring a friend to the platform! Claim up to $325 in bonus ... Read more
BetMGM is offering users like you the chance to get $50 bonus bets just for referring a friend to the sportsbook! Claim up to $1,000 in bonus bets from BetMGM! Read more
BetMGM is giving users a chance to win big on the 2023 NFL Draft, with up to $25,000 in prizes available through their Draft Predictor Challenge Read more
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.
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.
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.
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.
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.
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.
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.
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 has one of the quickest and painless ways to get a bonus bet out there.
On the digital media brand’s sportsbook, all you have to do is customize your profile after registration. It couldn’t be more simple and easy to get a $5 bonus.
Sign up with Barstool Sportsbook and customize your profile for a $5 bonus bet Read more
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.
During the 2021 NFL season, the new SI Sportsbook is offering users the chance to win bonus bets and cash prizes up to $10,000, just by predicting each week’s slate of NFL games against the spread.
Users get a $1 bonus bet for every correct prediction, while those who are perfect each week can split a $10,000 pot.
It’s always fun to predict NFL games, while the free to play nature of the game means that you face zero risk.
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
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. PointsBet has been known to frequently offer second chance bet promotions for Sunday Night Football, for instance.
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.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Up to $1,250 on Caesars
21+ only. New customers in AZ/CO/IL/IN/IA/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. 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 $1,250. Bonus Bet expires 14 days after receipt. Full T&C apply, visit Caesars Sportsbook for more details.
5 Second Chance Bets up to $250
21+. New customers only. CO/IA/IL/IN/KS/LA/MD/MI/NJ/NY/OH/PA/VA/WV. Must make a qualifying deposit (min $10) and place first real-money wager bets (minimum $0.50). If the first 5 cash bets (first bet per day for 5 consecutive days) on a fixed odds market loses, you will receive Bonus Bet(s) in the amount of the losing wager(s), up to $50 each. Full T&C apply, see sign up page for more info.
$1,000 No Sweat First Bet
21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only. Limited to one per customer/household. Promotion Bonus will be credited to your account within 72 hours if your qualiyfing Wager settles as a loss. Maximum bonus amount is $1,000. Bonus issued as non-withdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com.
2nd Chance Bet up to $500
21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim 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. Full T's & C's apply, see BetRivers for more details.
Bet $100 Get $100
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.
Take advantage of PointsBet's No Juice NFL Lines and keep 100% of the profit from spread bets all September Read more
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.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
100% Profit Boosts on Select Wagers
21+ only. New customers in AZ/CO/IL/IN/IA/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. 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 $1,250. Bonus Bet expires 14 days after receipt. Full T&C apply, visit Caesars Sportsbook for more details.
10-20% Profit Boosts on Live Bets
21+. New customers only. Welcome offers differ between states. 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 (max bonus amount limited to $100 in AZ/IN/VA, max bonus limited to $500 in PA). Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater. Full T&Cs apply, see sign up page for more info.
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.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Boosts on 3+ Leg Parlays
21+. New customers only. Welcome offers differ between states. 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 (max bonus amount limited to $100 in AZ/IN/VA, max bonus limited to $500 in PA). Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater. Full T&Cs apply, see sign up page for more info.
Boosts on Multi Sport Parlays
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
Parlay Boosts up to 40%
21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/ OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. 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 $1,000. Full T&C can be found on BetMGM.
Boosts up to 15% on NHL Parlays
21+. New customers only. AZ/CO/IN/IA/NJ/OH/PA/VA. 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. Full T&C apply, visit Betway for more details.
Bonus Bets for 4+ Leg Parlays
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.
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.
Sign up with PointsBet for 3+ leg traditional and Single Game Parlay Boosters every day! No minimum bets. No maximum bets. No limits. Read more
With the Unibet Level Up Parlay Booster, you are eligible for unlimited odds boosts every day on parlays of 3-12 legs Read more
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.
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.
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
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
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
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.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
One Game Parlay Insurance up to $50
21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/ OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. 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 $1,000. Full T&C can be found on BetMGM.
Same Game Parlay Insurance up to $25
21+. New customers only. CO/IA/IL/IN/KS/LA/MD/MI/NJ/NY/OH/PA/VA/WV. Must make a qualifying deposit (min $10) and place first real-money wager bets (minimum $0.50). If the first 5 cash bets (first bet per day for 5 consecutive days) on a fixed odds market loses, you will receive Bonus Bet(s) in the amount of the losing wager(s), up to $50 each. Full T&C apply, see sign up page for more info.
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.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Caesars Rewards for Hotel & Casino
21+ only. New customers in AZ/CO/IL/IN/IA/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. 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 $1,250. Bonus Bet expires 14 days after receipt. Full T&C apply, visit Caesars Sportsbook for more details.
M Life Rewards for Hotel & Casino
21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/ OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. 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 $1,000. Full T&C can be found on BetMGM.
iRush Rewards for Hotel & Casino
21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim 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. Full T's & C's apply, see BetRivers for more details.
Rewards for Sportsbook, Casino, & DFS
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.
Rewards for Sportsbook & Casino
21+. New customers only. CO/IA/IL/IN/KS/LA/MD/MI/NJ/NY/OH/PA/VA/WV. Must make a qualifying deposit (min $10) and place first real-money wager bets (minimum $0.50). If the first 5 cash bets (first bet per day for 5 consecutive days) on a fixed odds market loses, you will receive Bonus Bet(s) in the amount of the losing wager(s), up to $50 each. Full T&C apply, see sign up page for more info.
Redeem Rewards Points for Bonus Bets
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.
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.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Give $100, Get $100
21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only. Limited to one per customer/household. Promotion Bonus will be credited to your account within 72 hours if your qualiyfing Wager settles as a loss. Maximum bonus amount is $1,000. Bonus issued as non-withdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com.
Receive $100 Bonus after Friend's First Deposit
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.
Refer-A-Friend for up to $50
21+. New customers only. Welcome offers differ between states. 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 (max bonus amount limited to $100 in AZ/IN/VA, max bonus limited to $500 in PA). Bonus bets have a 3x playthrough requirement and must be wagered on events with odds of -300 or greater. Full T&Cs apply, see sign up page for more info.
Get $100 Bonus for Each Friend Referred
21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim 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. Full T's & C's apply, see BetRivers for more details.
Give $50, Get $50
21+. New customers in CO/MI/NJ/PA only. Must opt-in and deposit $10+, then place a real money wager with odds of at least -200 within 7 days of creating your account. Refunds will be credited as a single lump sum following the bet settlement as a loss, up to $50 as non-withdrawable bonus bets. Full T&C apply, visit FOX Bet for more details.
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.
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.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
5 Second Chance Bets up to $250
21+. New customers only. CO/IA/IL/IN/KS/LA/MD/MI/NJ/NY/OH/PA/VA/WV. Must make a qualifying deposit (min $10) and place first real-money wager bets (minimum $0.50). If the first 5 cash bets (first bet per day for 5 consecutive days) on a fixed odds market loses, you will receive Bonus Bet(s) in the amount of the losing wager(s), up to $50 each. Full T&C apply, see sign up page for more info.
Up to $1,250 on Caesars
21+ only. New customers in AZ/CO/IL/IN/IA/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. 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 $1,250. Bonus Bet expires 14 days after receipt. Full T&C apply, visit Caesars Sportsbook for more details.
$1,000 No Sweat First Bet
21+ and present in AZ/CO/CT/IA/IL/IN/KS/LA /MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY. Minimum $10 first deposit required. First online real money wager only. Limited to one per customer/household. Promotion Bonus will be credited to your account within 72 hours if your qualiyfing Wager settles as a loss. Maximum bonus amount is $1,000. Bonus issued as non-withdrawable bonus bets that expires in 14 days. See full terms at sportsbook.fanduel.com.
2nd Chance Bet up to $500
21+. New Customers Only. AZ/CO/IA/IL/IN/LA/MD/MI/NJ/OH/PA/VA/WV Must make a qualifying deposit of $10+ with claim 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. Full T's & C's apply, see BetRivers for more details.
Up to $1,000 Back in Bonus Bets
21+. AZ/CO/IL/IN/IA/KS/LA/MD/MA/MI/NJ/ OH/PA/TN/VA/WV/WY only. Offer not available in NY. New customers only. 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 $1,000. Full T&C can be found on BetMGM.
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.