Best Sportsbook Promotions
Find the best sportsbook promos and bonus codes from top operators in your state, including FanDuel, DraftKings, bet365, Caesars, BetMGM, ESPN BET, Fanatics, ClutchBet, and BetRivers.
Types of Sportsbook Promotions
Sportsbooks offer various promotions, including welcome bonuses for new users, free bets, reload bonuses for existing players, and cashback offers. Each type has unique benefits, eligibility criteria, and terms. Welcome bonuses are often percentage-based on the initial deposit, while free bets provide a risk-free wager. Reload bonuses reward existing users for subsequent deposits, and cashback offers provide refunds based on losses.
Other promotions include odds boosts, parlay insurance, early payout offers, live streaming, mobile app promotions, referral bonuses, loyalty programs, sport-specific promotions, and holiday and event promotions. These promotional offers entice users to engage with the sportsbook and stay active on the platform, ultimately benefiting both the bettor and the sportsbook. There are 17 types of sportsbook promotions٫ each designed to entice and engage bettors with different incentives and opportunities.
Welcome Bonuses
Most sportsbooks have some type of welcome offer to get new customers in the door, but where they really differ is with their promotions for existing users. Some of the more popular sportsbooks offer risk-free bets, deposit-match bonuses, and bet-and-get offers.
U.S. sportsbooks offer various types of introductory promotions, each working slightly differently. Some popular options include «Bet & Get Offers,» where you bet a small amount and receive bonus bets up to a certain limit. Other promotions involve matching a percentage of your initial deposit, providing bonus funds to play with after signing up. The amount varies, and you won’t be able to withdraw the funds immediately, but there are few other restrictions.
Free Bets
For this promotion, you get bonus funds to play with after signing up. The amount will vary, and you won’t be able to immediately withdraw the funds, but there are few other restrictions. If you win, the sportsbook will often allow you to keep the winnings, although you may need to meet certain wagering requirements before withdrawing.
Many people prefer this type of bonus to second-chance bets or similar promotions as it doesn’t require your bet to lose for you to receive the benefit. For example, if you signed up, made a $10 wager, and won the bet, you would still receive the $200 bonus.
Reload Bonuses
For existing users, reload bonuses offer a way to boost their bankroll after the initial welcome bonus. These bonuses are typically offered periodically or for specific events and function similarly to deposit-match bonuses.
For example, a sportsbook might offer a 50% reload bonus up to $200 on all deposits made on a particular weekend best sportsbook promotions . This means that if you deposit $400, you’ll receive an additional $200 in bonus funds, giving you a total of $600 to bet with. Keep an eye out for reload bonus offers, as they can provide excellent value for continuing customers.
Cashback Offers
Cashback offers provide a safety net for bettors by refunding a percentage of their losses over a specific period. For example, a sportsbook might offer a 10% cashback on all NFL bets placed during a particular week.
If you wagered $500 and lost $100, you’d receive $10 back as a cashback bonus. This type of promotion can soften the blow of a losing streak and encourage bettors to stay active even when their bets aren’t going their way. Cashback offers typically come with terms and conditions, such as minimum loss amounts and wagering requirements on the cashback bonus.
Price Promise
One of the most important and often overlooked types of sports promotion is the price promise. This is essentially where a sportsbook guarantees you’re getting the best odds and spreads on that market.
While comparing sportsbook promotions is a huge part of what many review sites do, there’s more to it than simply showcasing offers. A multi-faceted comparison should consider factors like price promise guarantees, ensuring bettors have access to the most competitive odds and maximizing their potential winnings.
Odds Boosts
Odds boosts are temporary enhancements to the odds of specific bets, providing the potential for increased payouts. Sportsbooks often offer odds boosts on popular events or markets to attract more bets.
For instance, a sportsbook might boost the odds of a particular team winning a game from +150 to +170. This means a $100 bet would return $170 instead of the usual $150 if the team wins. Odds boosts can be a great way to get more bang for your buck, but be mindful of the original odds and any associated terms and conditions.
Parlay Insurance
Parlay insurance is a popular promotion that provides a safety net for bettors who enjoy placing parlay bets. With parlay insurance, if one leg of your parlay bet loses, you’ll receive your stake back, up to a certain amount.
For example, a sportsbook might offer parlay insurance on all 5+ leg NFL parlays, up to $25. If you place a $25, 6-leg NFL parlay and one leg loses, you’ll receive your $25 stake back as a bonus bet. This promotion can mitigate some of the risks associated with parlay betting, making it an attractive option for those seeking larger payouts;
Early Payout Offers
Early payout offers provide an exciting twist for bettors by potentially settling bets as wins before the event concludes. These offers typically apply to specific sports and scenarios, such as if a team takes a significant lead.
For instance, a sportsbook might offer an early payout on NFL bets if the team you bet on goes up by 14 points at any point during the game. Even if the opposing team rallies to win, your bet is already settled as a winner. Early payout offers add an extra layer of excitement and can provide a nice insurance policy for bettors.
Live Streaming
While bigger sports like football often have their games broadcast on national television, being able to live stream other events is a benefit for bettors. For example, FanDuel’s app often streams tennis matches, which makes it easier to follow the action and place live wagers.
Beyond just offering live streaming, factors like stream lag, battery usage, and the number of events available to stream in the app are important considerations. A seamless and comprehensive live streaming experience can significantly enhance the enjoyment and engagement of sports betting.
Mobile App Promotions
With the increasing popularity of mobile betting, many sportsbooks offer exclusive promotions for users who place bets through their apps. These promotions can include free bets, enhanced odds, or even deposit bonuses specifically for mobile users.
Mobile app promotions encourage bettors to engage with the sportsbook on the go and can provide extra value for those who prefer the convenience of betting from their smartphones or tablets. Keep an eye out for notifications about mobile-specific offers, as they can often provide lucrative opportunities.
Referral Bonuses
Referral bonuses reward existing users for bringing new customers to the sportsbook. Typically, you’ll receive a unique referral link to share with friends and family.
When someone signs up and places their first bet using your referral link, both you and the referred user will receive a bonus. These bonuses can range from free bets to deposit matches, depending on the sportsbook. Referral bonuses are a great way to earn extra rewards while introducing your friends to your favorite sportsbook.
Loyalty Programs
Loyalty programs reward bettors for their continued patronage and encourage them to stick with a particular sportsbook. These programs typically involve earning points or credits based on your betting activity.
As you accumulate points, you can redeem them for various rewards, such as free bets, merchandise, or even VIP experiences. Loyalty programs can provide significant long-term value for bettors who frequently place wagers and remain loyal to a specific sportsbook.
Sports-Specific Promotions
You can generally use most sportsbook promo codes on any sport you like. However, some sportsbooks offer promotions tailored to specific sports, such as football betting promos or basketball, baseball, or hockey-specific offers.
These promotions can include enhanced odds, parlay boosts, or free bets related to the particular sport. NFL, NBA, MLB, NHL, NCAAF, NCAAB, MMA, and golf are popular sports for these targeted promotions. Be sure to check the promotions page of your preferred sportsbook to see if any sport-specific offers align with your betting interests.
Holiday and Event Promotions
Sportsbooks often run special promotions tied to major holidays and sporting events to capitalize on increased betting activity. These promotions can range from enhanced odds on specific games to bonus offers for placing wagers during the promotional period.
For example, you might find Super Bowl-specific promotions leading up to the big game or March Madness offers during the NCAA basketball tournament. Keep an eye out for these limited-time promotions, as they can offer excellent value and enhance the excitement of major sporting events and holidays.
Understanding Terms and Conditions
Some sportsbook promos are fairly simple, while others come with certain terms and conditions you must meet to qualify. It’s essential to understand the terms and conditions associated with each promotion before opting in.
Pay close attention to wagering requirements, which dictate how many times you need to wager the bonus amount before withdrawing it. Other important terms include minimum odds requirements for qualifying bets, time limits for using bonus funds, and eligible betting markets. Reading and understanding the fine print can help you maximize your chances of successfully utilizing sportsbook promotions.
Choosing the Right Promotion
With so many different sportsbook promotions available, choosing those that align with your betting habits and preferences is crucial. Consider factors like the type of bonus being offered, the wagering requirements, and the sports or events covered.
If you’re a casual bettor, a risk-free bet or a small deposit bonus might be a good option. For high-volume bettors, a reload bonus or a loyalty program could provide more long-term value. Research the available promotions, compare their terms and conditions, and select those that best suit your betting style.
Tips for Maximizing Promotions
To get the most out of sportsbook promotions, always read the terms and conditions carefully, shop around for the best offers, and manage your bankroll responsibly.
Consider signing up for multiple sportsbooks to take advantage of various welcome bonuses and ongoing promotions. Keep an eye on your email and the promotions pages of your preferred sportsbooks for new offers. By being informed and strategic, you can significantly enhance your sports betting experience and potentially boost your winnings.
