BleacherBet's Best Sportsbook Promos
Sports betting is rapidly expanding into many markets around the country. We’ve assembled the best promos at sportsbooks in numerous states. Sign up and claim your offers today.
Sportsbook promo codes & bonuses for August 2024 | ||
SPORTSBOOK | WELCOME BONUS | PROMO CODE |
| Caesars | Up to $1,000 back as a bonus bet if your first bet loses | No code required |
| FanDuel | Bet $5, get $200 in bonus bets, plus three weeks of NFL Sunday Ticket | No code required |
| BetMGM | Up to $1,500 back in bonus bets if your first bet loses | BLEACHERBROTHERS |
| BetMGM | Get $250 in Bonus Bets Paid Back! Nevada Only | BLEACHERBROTHERS |
| DraftKings | Bet $5, get $250 in bonus bets and one month of NFL+ Premium | No code required |
| bet365 | Bet $5, get $200 in bonus bets or choose a first bet $1,000 safety net. | No code required |
| bet365 | Bet $5 Get $200, plus 50 Spins! Available for PA Only | No code required |
Best sportsbook promotions: An in-depth breakdown
Let’s take a closer look at each welcome bonus from our top sports betting sites.
Caesars Sportsbook App
While many sportsbooks are currently running “bet and get” deals, Caesars Sportsbook takes a different approach. When you sign up you will get up to $1,000 as a bonus bet.
The way you receive the bonus bet is simple: Place your first wager at Caesars Sportsbook. If the wager loses, you will get refunded in bonus bets equal to your wager amount. If your first bet wins, you get the winnings as normal and the bonus expires.
Let’s say you sign up and bet $500 on your favorite team and they lose. The Caesars welcome promo will give you $500 in bonus bets. You must use the bonus bets before they become withdrawable.
FanDuel Sportsbook App
The FanDuel welcome bonus is quick and easy to claim. Sign up with our exclusive FanDuel link.
There’s no FanDuel promo code required to claim the bonus. Opt in for the bonus from the Promotions page after you’ve signed up, then make a deposit and place your first bet.
The first bet must be $5 or more to get the bonus.
After you place your qualifying bet, you’re all set; FanDuel Sportsbook will give you $200 in bonus bets within 72 hours of your eligible first wager. Plus, you’ll receive three weeks of access to NFL Sunday Ticket on YouTube and YouTube TV, courtesy of FanDuel.
BetMGM Sportsbook App
Currently, BetMGM Sportsbook has the best first bet insurance offer of any sportsbook. Sign up using our special offer code: BLEACHERBROTHERS and make your initial deposit. From there, choose your first bet carefully. If it loses, you will be refunded in the form of bonus bets up to $1,500 maximum.
If you were to bet $1,000 and lose, you’d get $1,000 in bonus bets.
You can bet more than $1,500, but that’s still the maximum you’ll receive.
The one catch here is that winning bets effectively void the bonus. It’s not all bad, though, because a winning bet means you collect the profits and your initial stake anyway.
DraftKings Sportsbook App
DraftKings is offering a “Bet and Get” welcome bonus. It’s a popular welcome bonus structure where you need to place a relatively small bet to receive bonus bets in turn. That’s the welcome bonus DraftKings is currently offering.
At DraftKings Sportsbook, you can bet $5, and get $200 in bonus bets. Additionally, you will get access to one month of NFL+ Premium, on DraftKings.
All you need to do is deposit $5+ and make a minimum bet of $5. You can make your bet on any sportsbook market you’d like, and once your bet settles, you’ll receive $200 in bonus bets regardless of the outcome. You will also receive a promo code for access to one month of NFL+ Premium.
bet365 Sportsbook App
The bet365 Sportsbook lives up to its name by offering a sportsbook bonus that’s excellent every day of the year.
When you sign up for bet365 using our exclusive link, you will get $150 in bonus bets after placing an initial wager of $5 or more or claim the $1,000 first bet safety net promo.
Like the other bet and get bonuses on this list, bet365 requires your first bet to be of $5 or more (cumulatively betting $5 or more won’t work). Keep that in mind as you prepare to place your bets and claim the bonus.
How do you claim the bonus?
To claim your bonus at a sportsbook, follow these simple steps:
- Use our links to head to your sportsbook(s) of choice.
- Click register, join or similar.
- If necessary, select your state from a drop-down menu.
- Provide all the required details: name, date of birth, address, email, phone number, ID, SSN, etc.
- If prompted, enter a sportsbook promo code.
- Verify your email or phone number with a link or code if the sportsbook requires it.
- Deposit into your account, keeping your welcome bonus in mind when you do so.
- Place your first bet; make sure it meets the minimum required for your bonus, if applicable.
That’s it; you should receive your bonus in accordance with the sportsbook’s terms and conditions once you complete those steps.
Types of welcome bonuses
No deposit bonus
No deposit bonuses are exactly what they sound like. Some sportsbooks will give you a bit of betting credit or bonus bets just for signing up—no deposit required. The amount is usually small-ish, between $20 and $50 in credit, and it’s often paired with another bonus type.
You’re more likely to find no deposit bonuses at online casinos these days, but they pop up at online sportsbooks from time to time as well.
Deposit match bonus
Deposit match bonuses were once the most common sports betting welcome promo. Now, they’re a bit rarer. The idea is simple: A sportsbook will match your deposit up to a certain maximum. For example, DraftKings has been known to offer a 20% first deposit match up to $1,000, so a $100 first deposit would get you $20 in credit.
Bet and get bonus
Place a qualifying bet to get some bonus credits. That’s how bet and get bonuses tend to work, and they are increasingly common at online sports betting sites. In most cases, the qualifying bet must be at least $5, though some sportsbooks require a higher wager. Usually, the bonus bets are given even if your initial eligible bet loses.
First bet insurance/safety net
With first bet insurance or a second chance bet (two different names for the same thing), you get refunded in bonus bets if your first wager loses.
For example, with BetMGM’s bonus, you can get up to $1,500 back on a first loss. If you wagered $500 and lost at BetMGM, you would get $500 in bonus bets, and the bonus would end.
Other types of bonuses
Bonuses aren’t relegated to new users only. Plenty of options are available for players with existing accounts at an online sportsbook. Below, we highlight a handful of the most common ongoing promotions.
Odds boost
As the name implies, boost the odds of a particular bet. Sportsbooks will sometimes offer boosted odds on a specific line or market, giving you a higher possible payout.
For example, you might see odds for Travis Kelce and Patrick Mahomes to connect for two touchdowns boosted from +150 to +200.
Profit boost
Profit boosts are similar to odds boosts, but they offer more flexibility. A profit boost can typically be applied to any bet you wish (as long as it’s within the terms and conditions of the promo). The profit boost will up your potential profit by the promised percentage.
SGP or parlay insurance
Parlay insurance usually requires opt-in and placing a qualifying parlay. For example, some sportsbooks might stipulate you need to place a 4-leg parlay (or more). With parlay insurance, you have a chance to get your wager amount back (up to a listed maximum) if your parlay misses by exactly one leg.
Referral bonus
If you have friends who haven’t signed up for a sportsbook, chances are you can refer them and get credits for it. Most sportsbooks have some form of referral bonus, usually to the tune of $50 in bonus credits, sometimes more. Your friend must sign up with your link or exclusive code, then make qualifying deposits and bets in line with the bonus’ terms and conditions.
FAQ
Sportsbooks are most commonly known to offer bet and get bonuses, first bet insurance and deposit matches. The occasional no deposit bonus is also available, but it is fairly rare.
This depends on the type of bonus you prefer. BetMGM has the best first bet insurance offer, while DraftKings has the strongest bet and get bonus.
Yes. Sports betting bonuses can give you a lot of value for a fairly low upfront investment. We highly recommend claiming a bonus when you sign up for a sportsbook account.
Yes, but not from the same sportsbook. In other words, you can sign up for different sportsbooks and claim the welcome bonus from each one.
Bonus bets are credits given out as part of sports betting promotions. They are essentially non-withdrawable betting credits you can use to place wagers.
First bet insurance, sometimes called a second-chance bet, is a bonus type that refunds your first wager if it results in a loss. The refund has a maximum, and it comes in the form of bonus bets.
FanDuel and DraftKings have the best bet and get welcome bonus.
There are plenty of promotions for existing users, so it comes down to preference. We like parlay insurance and early payout promos best.
Depends on the sportsbook. Some sportsbooks require a promo code while others simply need you to opt in for a bonus.
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