Sportsbook promos allow you to bet for pennies on the dollar. You can, therefore, experiment with new, riskier wagers, recover some of your losses, boost your bankroll, and generally have fun while betting.
In this guide, I’ll evaluate the latest offers, compare top betting sites, and break down everything you need to know about sportsbook promos. You’ll learn the various bonus types, how to claim the standard promo, and we’ll touch on a few common terms and conditions. So keep learning if you’re a fan of sportsbook bonuses and promos.
Bonuses
Sportsbook promos are special offers from betting sites that give you extra value and help you either save money when you place bets or rake in more cash when your bets hit. Different types of bonuses include bonus bets, deposit match offers, and odds boosts, each designed for different purposes.
Some betting sites' promotions activate through simply signing up to a sportsbook, others require the use of bonus codes, and others require deposits. Some bonuses may only be activated once you actually place a bet. Always check the terms and conditions before claiming a bonus, as each one comes with specific requirements, limits and eligible games.
I tested dozens of sites and found the current best sportsbook promos. Here’s my review of the top five, each with unique betting bonuses and standout features.
Borgata stands out for its wide range of sportsbook promos. New users can claim $100 in bonus bets after a $20 qualifying wager.
Ongoing offers include daily odds boosts, sport-specific promos, and a Spin the Wheel feature for weekly prizes. The site also enrolls you in MGM Rewards, giving you perks at MGM Resorts. Wagering requirements are fair, with most bonuses requiring a 1x rollover. Fast payouts and a strong selection of North American sports add to the appeal.
DraftKings offers some of the best sportsbook promos for both new and existing users. The welcome bonus is a $5 bet to get $150 in bonus bets. The site’s regular promos include “No Sweat” tokens, odds boosts, and sport-specific bonuses.
Wagering requirements are low at just 1x, and the minimum deposit is only $5, making the bonus accessible for all players. Other than bonuses, DraftKings stands out for its themed promos during major sporting events and a user-friendly mobile app.
FanDuel’s sportsbook promos are easy to claim and use. New users get $200 in bonus bets after a $5 qualifying bet with a typical 1x wagering requirement. Ongoing offers include “No Sweat” bets and regular odds boosts.
The mobile app is sleek and reliable, with fast bet placement and withdrawals. Overall, FanDuel’s promos are especially strong during the playoffs and big events. The site’s fast payouts and simple interface make it a top choice for bettors who value efficiency above all else.
BetMGM has some of the best sportsbook promos, including a Second Chance bet of up to $1,500 for new users. On top of this, you can claim daily odds boosts, parlay insurance, and exclusive BetMGM betting promo code rewards.
The site is easy to use, with a responsive mobile app and a huge range of betting markets. BetMGM’s rewards program and exclusive event promos also set it apart and make it a favorite for high rollers.
Bet365 is another top-tier sportsbook offering the best online sportsbook promos, including a bet $5, get $150 in bonus bets deal. But that’s not all. You can also enjoy early payout offers, parlay bonuses, and regular odds boosts.
With just a $5 minimum deposit, Bet365’s betting bonus is accessible to most bettors. The site has a global reach, consistent promos, and a wide range of betting markets, so it’s a go-to for variety and value.
Here’s a table to help you compare the offers of the sportsbooks I reviewed above:
| Sportsbook | Bonus name | Bonus amount | Rollover requirement | Minimum deposit |
|---|---|---|---|---|
| Borgata | $100 Bonus Bets | $100 | 1x | $10 |
| DraftKings | Bet $5, Get $150 | $150 | 1x | $5 |
| FanDuel | Bet $5, Get $200 | $200 | 1x | $10 |
| BetMGM | Second Chance Bet | Up to $1,500 | 1x | $10 |
| Bet365 | Bet $5, Get $150 | $150 | 1x | $5 |
When I rate sportsbook promos, I look beyond the headline numbers and do a deep analysis of how the bonus can add value to your betting outcomes. Here’s what matters most:
Big bonuses are desirable, but only if they’re fair and easy to claim. I favor sportsbook bonuses that offer high value with reasonable requirements. For example, a $1,500 second-chance bet or a $200 bonus bet package is far more useful if you can access the full amount with a modest deposit.
I always read the fine print and check for the wagering requirements, minimum odds, eligible bet types, and expiration dates. The best online sportsbooks offer promos with low rollover requirements, flexible bet options, and enough time to use the bonus. Transparent terms mean fewer surprises. Of course, this is also a good chance to confirm you’re in a state where the sportsbook operates, as you won’t be able to complete KYC verification if you’re not.
A good promo should be accessible with multiple payment options. I try to check if you can use options like cards, e-wallets like PayPal and Skrill, or even crypto to claim the bonus. Some betting sites with promotions exclude certain banking options, so it’s good to always double check before depositing.
I rate betting site promos higher if they process payouts quickly, especially for bonus winnings. Sites like FanDuel and DraftKings pay out within 24 hours, while others may take longer. Speedy payouts mean you can enjoy your winnings sooner.
The best promotions on betting sites cover a wide range of sports and bet types. Look for promos that apply to moneyline bets, parlays, props, and live bets.
Let’s go through the most common types of sportsbook promos and how they can improve your betting experience.
Match deposit bonuses are where sportsbooks match a percentage of your deposit with bonus funds. These can range from 50% to 200% of your deposit amount. For example, with a 100% match on a $100 deposit, you’ll receive an additional $100 in bonus funds.
Cashback bonuses refund a percentage of your net losses over a specific period. For instance, a 20% cashback up to $100 means you’ll get $30 back if you lost $150 across your bets, up to a max of $100. These sports betting sites' promotions help soften the blow of losing streaks and give you another chance to bet and potentially win.
Free bets allow you to place wagers without using your own money. If you win, you keep the return but not the stake. Popular offers include Bet $5, Get $200 in Bonus Bets from FanDuel or BetMGM’s First Bet Offer, where your first bet is protected up to $1,500. Free bets typically have a 1x wagering requirement.
Insurance promos refund your stake if your wager loses under specific conditions. Common examples include BetMGM’s One Game Parlay insurance, which returns $25 in bonus bets if just one leg of your parlay loses. These promotions allow you to place riskier bets by reducing potential losses, making them popular for parlay and same-game parlay bettors.
Odds boosts increase the payout on selected bets, giving you better value than standard odds. For example, a market that normally pays +150 might be boosted to +200, increasing your potential return. Many sportsbooks offer these on popular games and events, especially during major tournaments and playoffs.
Referral bonuses reward you for bringing friends to the sportsbook. When your referred friend signs up and makes a qualifying deposit, both of you receive bonus funds or free bets.
Before claiming any sportsbook promo, especially deposit-free bonuses like free sports bet no deposit, it’s important to understand the terms and conditions. These requirements determine how you can use the bonus and what you need to do before withdrawing any winnings:
Claiming sportsbook promos is straightforward if you follow the right steps. These bonuses are perfect for trying a new platform without spending your own money. Here’s how to claim these offers:
Sportsbook bonuses can significantly help you stretch each betting dollar, but they come with both advantages and limitations.
Sportsbook promos open loads of opportunities for both new and experienced bettors. From no deposit bonuses to match offers and free bets, these promotions can significantly boost your bankroll and make for better outcomes. But before claiming the latest offers, understand the terms and remember to bet responsibly.
A free bet is a single token to place a bet without spending your money, where you keep only the winnings if successful. A deposit match gives you bonus funds as a percentage of your deposit.
No, bonus funds typically can’t be withdrawn immediately. You must first meet the wagering requirements, which vary by sportsbook. For example, a 5x requirement means you need to bet the bonus amount 5 times before withdrawing.
Sportsbook promos are only available in states where online sports betting is legal and regulated. Major sportsbooks like Borgata, FanDuel, BetMGM and DraftKings offer promotions in most legal states, but specific offers may vary by location due to different regulations.
