Online Betting Promotions
Get an extra 50% added onto your sports betting bankroll on your first-ever deposit at BetOnline.ag. Simply use promo code BOL1000 while making your initial deposit and your 50% bonus will be added. If you’re new to the world of online sports betting listen up! You need to pick a bookie that gives you great value for your money. One of the ways you can do this is by assessing the promotion and bonus offers.
- Online bookmakers offer not just deposit bonuses, but also promotions for different competitions. Best online betting promotions are something most bookmakers provide and they are often connected to a particular game or event. For contests, bookies normally have a price structure where you can win everything from excursions to cash prizes.
- Horse racing rebates: Offline and online. Offering bettors flat rate rebates on bets — win or lose — has been a popular way to offer loyalty rewards for many years. This (live) betting offers return between 3% and 10%, depending on the type of bet (singles, multiples, trifectas and so on) and the amount you bet.
- This is a widely forgotten benefit of using sports betting promotions. Finding the best odds is one way to becoming a sharper sports bettor. Types of sports betting promotions. Online sportsbooks offer a variety of promotions for new and existing customers. The names may vary by sportsbook but the promotions.
Here is a look at the top offers from legal US sportsbooks. This page will be regularly updated with promos for new and existing online sportsbook users, with the latest odds boosts and prop bets.
The offers you’ll find here are from sportsbooks like DraftKings Sportsbook, FanDuel Sportsbook, BetMGM, PointsBet and FOX Bet.
DraftKings Sportsbook
New players at DraftKings Sportsbook continue to get a match of their first bet, up to $500. The site also offers a 20% deposit bonus, up to $1000.
FanDuel Sportsbook
New players at FanDuel Sportsbook can get their first bet refunded as site credit if it loses, up to $1000.
FanDuel also has Multi-Sport Parlay Insurance. Bet a five-leg or larger parlay and if it loses, the site will offer a free bet in the amount wagered, up to $20.
Pick any NFL game and get a same-game parlay. Click the Same Game Parlay tab to build from the props, spread, and total prices. Wager three legs or more that total +200 or greater payout and if the bet loses, receive the amount wagered as a free bet, up to $10.
PointsBet
New players get a Risk-Free bet up to $500 on fixed odds and a Risk-Free bet up to $500 on any Pointsbetting market as part of PointsBet’s 2 Risk-Free Bets Up to $1000 promotion. Losing bets will be re-paid in site credit.
- Refer a friend to get $50 for each account. Send the unique link to start the sign-up process to get the bonus.
- The site now features single-game parlays for all NFL action. Select a game, click Single Game Parlay, and go through the traditional and Pointsbetting options.
BetMGM
New players with BetMGM can get a 100% matching bonus on the first deposit, up to $50. Just use the code on the Promotions page and deposit $10 or more.
For those who prefer to bet in-game, there’s $20 in free bets waiting. Just wager $50 or more in-play and receive the bonus.
Opt-in to bet the First Touchdown Scorer in a game risk free. If the player doesn’t score the first TD, get back the bet as site credit, up to $20.
The site also has the Easy Parlay option to build multi-leg parlays around different games. Select the Easy Parlay icon on the main bar and select from moneylines, spreads, and totals for the week.
Each game has the Parlay Builder option as well. Choose from a variety of pre-built three-leg parlays with differing payouts.
FOX Bet
New players at FOX Bet get their first bet Risk-Free. If the wager loses, the amount bet will be offered as site credit, up to $500.
Bet a three-leg parlay (-200 odds or better on each leg) for $10 or more Monday through Friday and get an instant $5 free bet. Opt-in to get started on this once a week offer.
Follow @FoxBet on Twitter, Instagram, and Facebook to get a chance to win a $100 free bet every Friday morning at 10 AM EST.
How sports betting promos work
Online sportsbook promotions are a great way to get into sports betting. Legal US sportsbooks in new markets offer a variety of promotions to gain activity with new and existing customers.
New sportsbook customers will often find a signup bonus for their first deposit. This kind of sportsbook promotion will give the player bonus dollars to wager with. In return, the sportsbook will acquire a new customer. This is often a win-win for both parties.
Unlike many other mobile apps, sports bettors with existing accounts can also participate in a variety of promotions. Sportsbooks offer better odds regularly for all customers with odds boosts and other similar promotions.
The easiest way to find out about sports betting promotions is to enable notifications on a mobile device with an account. Sportsbooks will often push a notification out on the day when promotions are active.
Players can also easily find sports betting promotions directly on sportsbook websites and apps. This is also where a player will find terms and conditions for each promotion. This is important as sportsbooks all have their own specific rules for a promotion.
The wide variety of sports betting promotions encourage players to open accounts with multiple sportsbooks. Having a variety of sports betting accounts allows players to shop around and wager where they find the best odds. This is a widely forgotten benefit of using sports betting promotions. Finding the best odds is one way to becoming a sharper sports bettor.
Types of sports betting promotions
Online sportsbooks offer a variety of promotions for new and existing customers. The names may vary by sportsbook but the promotions generally fall into the following categories.
- Signup Bonus: A signup bonus is exactly what it sounds like. A sportsbook will give a new customer a bonus just for signing up for a sports betting account and making a deposit.
- Reload Bonus: Again, this is what it sounds like. Existing customers can earn a bonus when they reload their online sportsbook account. This kind of bonus could keep customers active longer.
- Referral: Simply send a personal referral code from an online sportsbook to a new customer and receive bonus credit to place a wager after they sign up and make a deposit. The other player will also receive a bonus for signing up.
- Odds Boost: Online sportsbooks increase the odds for the player on certain wagering options by way of an odds boost. The better the odds for the player, the better the return for a winning wager.
- Insurance: Sometimes an online sportsbook will offer insurance for a specific wager. The company will give the player a betting credit if the particular wager loses. This is sometimes considered a risk-free bet.
- Free Contest: Online sportsbooks will sometimes offer contests specifically for existing players. Prizes may be cash, merchandise or betting credits.
- Free Bet: An online sportsbook might offer a free bet for a particular event or as a reward for making a certain wager. This is usually a bet credit that must be played before cashing out.
- Match Bet: This kind of sportsbook bonus is when a player places a wager. The online sportsbook will match the wager up to a listed amount. Sometimes the match is equal but other times is may be less.
- Online Casino Promotion: Online sportsbooks offer this kind of promotion to persuade players to try different online casino games like blackjack and slots.
- Player Parlay Promotion: An online sportsbook will create special player prop parlay wagers for certain events. This is particularly popular for football games where multiple players must achieve specific goals.
- Loyalty Bonus: Some online sportsbooks have loyalty clubs where players can earn merchandise, free bets, and more based on how much they wager. This kind of bonus gives a player extra loyalty points for certain wagers.
One note about promotional offers from sportsbooks. Bonuses, free bet credits, and cashback may require a playthrough. This kind of requirement means exactly what it says – the user must play the “money” or credit through the sportsbook before cashing out those funds.
For example, if a player deposits $100 in an account a sportsbook could match that money. The $100 from the sportsbook must be used at least once before it can be withdrawn.
There is no single industry standard for a playthrough requirement. Some online sportsbooks will require a single playthrough of the funds. Another sportsbook may require 50 playthroughs of the money or credit. Always check the terms and conditions of the promotion before signing up or placing a wager.
Sportsbook promo code
Many legal US online sportsbooks offer a promo code for new users. The promo codes are mutually beneficial. A sportsbook promo code is an easy way to get the attention of anyone looking for a new online sportsbook. Similarly, the user may get a promo code or direct link to obtain some kind of bonus when they sign up.
A sportsbook promo code may be an offer for a signup bonus, free bet, or both. Unfortunately, promo codes are usually good for new users only. A sportsbook customer may obtain a bonus by sharing their own personal promo code with a new user.
Using a sportsbook promo code is simple. Either enter a code at the online sportsbook when signing up for a new account or simply click a direct link that will populate the promo code in an online sportsbook.
Similar to online sportsbook bonuses, the money from the promo code may require a playthrough. Always read the terms and conditions to understand the requirements of signing up for a new sportsbook account.
Why do sportsbooks offer promo codes?
Online sportsbooks offer promo codes to attract customers. It’s as simple as that. The promo code offer is usually a sum large enough to entice a potential new or inactive user.
New customers are crucial for online sportsbooks to increase their customer base. There are very few sports bettors who win large sums of money over time. The acquisition of a new customer is often seen as someone who a sportsbook will make money from while active. Whatever the size of the promo code, a sportsbook company assumes the player will return that money and more over time.
Some sportsbooks will offer re-activation promo codes and bonuses for players that haven’t made a wager in a while. An online sportsbook is intelligent and understands the betting patterns of its customers. Making a promo code available to an old, inactive user could be another way for a sportsbook to generate revenue from a dormant customer.
Sportsbook promo FAQ
What is a sportsbook promo?
Online Betting Free Bonus
A sportsbook promo could be a free bet, match play, odds boosts, or other bonus.
Do I have to be a new customer to use a sportsbook promo?
It depends on the type of promotion. New customer bonuses are obviously not for players with existing accounts. However, new and existing customers may use odds boosts and other promotions.
What is a sportsbook playthrough requirement?
A customer must play through a certain sum of money from a sportsbook promo before withdrawing the funds.
Who is eligible for a sportsbook promo?
Sports bettors 21 or older in a state with legal online sportsbooks.
Where are sportsbook promotions available?
Websites like TheLines share sportsbook promos when detailing odds and information from different online sportsbooks.
When do I have to use a sportsbook promo?
All sportsbook promos have different requirements. Always check the terms and conditions before accepting a sportsbook promo.
Why do sportsbook promos exist?
Simply put, a sportsbook promo is intended to attract customers to place wagers.
Can I sign up for an account and withdraw sportsbook promo money right away?
No. The sportsbook promo usually has a playthrough requirement before those funds can be withdrawn
One interesting aspect of signing up with a legal betting site is the range of promotions and rebates offered to enhance the betting experience.
This guide looks at a variety of ways in which you can claim rebates and other forms of extra funds. We will discuss some of the most popular bonus types, in detail, with examples from some of the leading racebooks. The guide ends with advice about how any bonus works.
- Horse racing rebates: How the online horse racing betting sites replaced flat-rate rebate deals.
- Welcome offers: Bonuses when you sign up at a new site.
- Cashback and bet insurance: Lose your bet but meet the conditions and get your money back.
- Best odds guaranteed: Best of available odds, whether taken early or at the start.
- Understanding rollovers: How do rollovers work and what to look for to maximize value.
- Free past performances: Studying the form without payment.
Top Horse Racing Bonus
Horse racing rebates: Offline and online
Offering bettors flat rate rebates on bets — win or lose — has been a popular way to offer loyalty rewards for many years. This (live) betting offers return between 3% and 10%, depending on the type of bet (singles, multiples, trifectas and so on) and the amount you bet.
While many gray-market bookmakers offer flat rate rebates, the risks associated with betting at these books make them dangerous for informed bettors.
What you will find from legal horse betting sites is a mix of welcome offers and ongoing loyalty rewards that take the place of rebates. These promotions cover regular and occasional bets. You might also find special loyalty programs aimed at high rollers.
Examples of rebates and promos available at the three biggest legal online horse racing sites
#1TVG: Use promo code LSRTVG to claim a risk-free bet of up to $200 on your first single wager. Earn credits for every bet, which can then can become wager rewards. TVG promos include sweepstakes, free past performance reports, and cashback for three out of four picks.
#2 BetAmerica: You can get a 100% matched welcome bonus, up to $100. Customers earn points for each bet they make. Promos include VIP Daymaker, where losing bettors can get their stake back on their star selection, plus specials for the big races.
#3 TwinSpires: Get $20 in bonus bets for every $100 in bets (up to $100 max). Loyalty points scheme gives regular bettors additional free bets, separate VIP scheme for high rollers. It offers a long list of promos including “Winsurance,” “Bet Back” and added prize money offers.
Welcome offers at online racebooks
Online racebooks compete for business by offering a welcome deal for new customers. These take the form of matched welcome bonuses or occasionally a free bets bonus.
An excellent example of a welcome bonus is at TwinSpires, which offers a $100 bonus to all customers. This is a straightforward bonus that awards the customer in increments of $20 every time he or she bets $100 at the site.
There is no expiration on this bonus. You must make an initial deposit, keep betting, and the full $100 bonus will be yours. High rollers might want to place a $500 bet immediately and claim the $100 right away, while others might want to place 50 bets of $10 over a few weeks.
While this looks like a 20% rebate, you need to account for the need to bet the bonus money before you can withdraw it.
100% matched bonus
One of the attractive welcome bonus offers featured by racebooks is a 100% match on your first deposit.
For example, when opening a new account at TVG, customers will receive a 100% match bonus up to $200.
The TVG matched bonus has no strict conditions attached to the bonus money – just as long as you use it for a bet. This makes it the equivalent of an instant rebate, win or lose.
Loyalty rewards
As well as creating offers to entice new customers, racebooks also offer a series of incentives to keep existing customers happy.
Most sites offer a loyalty scheme, where customers will earn points every time they bet. Once earning a certain amount of points, customers can convert them into cash and add it to their account.
A good example of a loyalty scheme is Wager Rewards at BetAmerica. By earning 1 point for every dollar wagered, and additional bonus points if placing exotic bets such as exactas and Pick 6 bets. Customers can convert these points into cash at any time.
The rebate potential for these loyalty schemes depends on the mix of bets made. While small in percentage terms, this money will add up over time, providing a bankroll boost.
High rollers can sometimes qualify for VIP schemes. By betting a certain amount, bettors can enjoy additional benefits such as special promotions and extra deposit bonuses. The biggest bettors can expect custom offers and even a dedicated host.
Horse racing rebates via cashback or bet insurance
Another way of rewarding customers is via cashback offers. This is much like insurance on bets involving multiple selections.
As an example of a cashback offer, a horse racing betting site will offer you a rebate on your stake should your selection finish second in a selected race. This kind of offer is usually only available for the bigger races, such as the Kentucky Derby, or the more significant lead-up races to the main events. Occasionally these offers extend to third place, too, with your stake returned to your account.
Insurance bets are slightly different, as they offer rebates when one leg of a combination bet doesn’t win. For example, if you enter a Pick 4 contest and only pick three of the winners, a promotion such as this will see you win your initial stake back as a rebate.
Best odds guaranteed
These are promotions mostly available at European sites that offer their own odds, as opposed to betting in a pari mutuel pool. You’ll usually have a choice of either taking the current odds offered by the site or taking the odds at the starting of the race (the starting price.)
With a “Best Odds Guaranteed” offer, you get the best of the two. If you opt for an early price and the odds do become longer, you’ll get those longer odds. If you took a price early and there is a lot of money for the horse, you’ll keep those longer odds.
Understanding bonus rollovers
At some sites, you’ll receive a bonus with rollover requirements. A rollover requirement is the number of times you’ll need to play through your account cash and the bonus funds before your bonus cash clears.
For example, you might sign up to a new site with a 100% deposit bonus with a 5x rollover requirement. If you then deposit $100, you’ll receive $100 in bonus cash. This means you’ll have to bet the total $200 five times to make the bonus cash yours. And, in this case, it’s $1,000 worth of betting.
Make sure you compare rollover requirements when deciding between bonuses. These affect the rebate potential for each of the offers.
Free past performances
Past performances are a key aspect of reading the form. You would usually pay for the opportunity of reading them. However, some online horse racing sites will offer past performances as an additional perk.
For example, at TVG, you can purchase a series of past performances. However, if you place a bet of at least $10 on the meeting in question, you’ll be reimbursed for the cost of this information.
Some sites will also offer free past performances to all members on selected races, especially at the largest race meetings.
Live streaming
Online Sports Betting Promotions
In this day and age when there seems to be a cost attached to any streaming channel, racing fans can enjoy free streaming widely.
All of the three legal horse racing sites offer standard live streaming. You can watch any race you have placed a bet on, and many significant events you can watch in real-time.
Read the terms and conditions
Whenever you sign up at a new site or take part in any bonus or promotion, check the terms and conditions (T&Cs) of both the site and the bonus in question. Yes, the T&Cs can seem a little long-winded at times, but you will find out valuable information.
For example, in the terms and conditions, you’ll find the expiration date for the bonus. You’ll also find out if there are any state restrictions when using a particular site.
Generally, you’ll find all of the terms and conditions above board. However, they can be useful in finding out if a bonus offer is not such a good one.
For example, if you read in the T&Cs that a bonus has a 50x rollover requirement, it’s pretty clear immediately that this offer probably is not as worthwhile.