Best Sports Betting Bonuses & Sportsbook Promo Codes 2024

Are you tired of missing out on the best legal sports betting deals? Ever wondered how to make the most out of your sportsbook promos?

This article will explore all the different sports betting bonuses, helping you understand how they work and how you can benefit from them. Mastering these offers can boost your wagering experience and potentially increase your winnings.

Let’s find you the best sportsbook bonuses and promo codes in the USA!

🔑 Key Takeaways

  • Learn the simple steps to get your bonuses and online sports betting promo codes without any hassle.
  • Discover the best sports betting bonuses like free bets and risk-free wagers, and their benefits.
  • Check out which top US sportsbooks offer the best sports betting promos in 2024 to boost your betting potential.

How Do Sports Betting Bonuses Work? 

Ever wonder how sportsbooks attract new bettors and keep loyal ones? Welcome to the world of online sports betting bonuses and promos. These betting promotions provide extra value for your bets, and they come in various types to enhance your gambling experience. Think of it as a friendly welcome from a betting platform.

  • A common incentive is a free bet, where you get a certain amount to bet on a game without using your money. Win or lose, your own funds remain untouched.
  • Another popular reward is a deposit match. The bookmaker matches your first deposit (up to a limit) with bonus money, doubling your starting bankroll. This gives you more to play with and potentially more to win.

The best sportsbook promos attract new customers and keep current ones engaged.

By understanding and using these offers wisely, you can boost your sports betting experience and increase your potential winnings.

These promotions have been a game-changer for me. I used to only use my money, but then I tried an online sports betting free bonus. I bet on an underdog in a college basketball game, and they won. That free bet turned into a nice chunk of winnings, making me a big fan of these bonuses.

To get started, look for the best sportsbook promotions and use a promo code to claim your bonus!

How to Claim a Sports Betting Bonus 

Before exploring all the best sports betting promotions, follow these simple steps to learn how to claim an online bonus (applicable for sportsbook or casino betting).

  1. Choose a Sportsbook: Select a reputable betting site that offers a promo you’re interested in. Look for online sportsbook reviews and ratings to ensure the sportsbook is trustworthy and has good customer service.
  2. Sign Up: Create an account on the bookie’s website or sportsbook app. Fill in your personal details, such as name, address, and date of birth. Make sure all the information is accurate.
  3. Verify Account: Complete any necessary verification steps, such as email or ID verification. You might need to upload a photo ID or a utility bill to confirm your identity and address.
  4. Deposit Funds: Make a deposit if the bonus requires it. Ensure you meet the minimum deposit amount specified in the bonus terms. This step is crucial as some promotions are only activated upon making a deposit.
  5. Opt-In: Some bonuses require you to opt in, so make sure to check the promotion details. This might involve clicking a button to join the promotion or checking a box during the deposit process.
  6. Enter the Promo Code: If a sports betting bonus code is required, enter it during the deposit or registration process. Make sure to input the code correctly to ensure you receive the reward.
  7. Place a Bet: Follow the bonus terms to place qualifying bets. This might mean wagering on specific sports, games, or markets. Pay attention to any minimum odds requirements.
  8. Fulfill Requirements: Meet any wagering requirements to unlock the bonus. This means you might need to bet a certain amount of money a specified number of times before you can withdraw any winnings from the bonus for sports betting.

Types of Online Sports Betting Bonuses 

There are several types of sports betting promos and bonuses, each offering unique benefits and possibilities.

My expert advice: Knowing each bonus’ perks is one thing, but knowing which one is the best fit for your sport is another. So, make sure you choose the best NBA betting promo or the more profitable football betting promo codes.

Let’s take a look at the various types of sports betting promotions below:

Sign Up Bonus 

A sports betting sign-up bonus is offered to new users when they create a sportsbook account. It often includes free bets added to the account after registration.

Example: Bet365 offers a $50 free bet when you sign up and place your first wager of at least $10.

Deposit Match Bonus 

A sports betting deposit bonus gives you extra funds by matching your initial deposit up to a certain percentage or amount. This boost to your bankroll can make a significant difference in your betting strategy, allowing you to place more bets or increase your wager sizes.

Example: DraftKings promo code offers new players a 100% match on their first deposit up to $500, doubling their initial funds for betting.

No Deposit Bonus 

A sports betting no deposit bonus gives you free credits just for creating an online sportsbook account, without needing to deposit any money. This offer allows you to start betting risk-free, exploring the bookmaker’s offerings and potentially earning real money without spending your own.

Example: Caesars Sportsbook promo code offers a no deposit required bonus of $20 in free bets, just for signing up.

Referral Bonus 

Sports betting referral bonuses reward you for pushing new users to a sportsbook sign-up. Both you and the new user receive a bonus. This offer incentivizes you to invite friends to join the sportsbook, benefiting you and your friend with bonus rewards.

Example: FanDuel gives a referral bonus of $50 in site credit when they sign up using your referral link and make a deposit.

Sports Betting Cashback 

Sports betting cashback gives you a percentage of your losses back over a specific period. It ensures you to soften the blow of a losing streak, making sure you can enjoy betting without the fear of losing everything, and providing a more relaxed experience.

Example: BetMGM offers 10% cashback on net losses every Monday, up to $100, giving you a second chance to bet.

Free Bets 

Free bets are credits you can use to place bets without using your deposited funds. Winnings are often yours, but the bet amount itself isn’t returned. They can be a great way to explore new betting strategies or try out different sports markets without risking your money.

Example: PointsBet offers a $25 free bet to new users to try out the platform. To benefit from it, they must enter a promo code.

Free Play 

Free play sports betting bonuses give you virtual free credits to bet at a sportsbook, which can’t be withdrawn but can be used to place bets. These bonuses can be a fun way to explore different sports markets. They allow you to enjoy the thrill of wagering without the worry of losing money.

Example: Fox Bet offers $10 in free play credits to new users, allowing them to place bets and win real money.

Odds Boost 

An odds boost enhances the payout odds on specific bets, increasing potential winnings if the wager is successful. Odds boosts are often offered on popular events or outcomes, adding excitement and value to your sports bets.

Example: DraftKings boosts the odds on a major NFL game from +200 to +300, giving you a higher potential return.

Reload Bonus 

A sportsbook reload bonus rewards you with extra funds for making additional deposits after your initial one, encouraging continued play. They can vary in size and frequency, but they generally offer a percentage match of your deposit up to a certain limit.

Example: Unibet offers a 50% reload bonus of up to $100 on deposits made every Friday.

Second Chance Bets

Second chance bets refund your stake as a free bet if your initial bet loses, giving you another opportunity to win. Second chance bets often have specific conditions, such as minimum odds or bet types, so be sure to read the terms and conditions carefully.

Example: BetRivers refunds your first bet up to $100 if it loses, credited as a free bet.

Bet And Get 

A bet and get bonus gives you a reward, like a free bet or extra credits, after placing a qualifying bet. Most of them don’t even require a promo code, and that just saves you an extra step.

Example: BetMGM offers a $10 free bet and get bonus when you place a $50 wager on any sport.

Top Sports Betting Bonuses in June 2024

Looking for the best sports betting bonus codes and offers in the US? Here’s a list of the top 3 sportsbooks with the most enticing offers for 2024.

Bet365 Sportsbook

Bet365 Sportsbook is known for its generous promotions, offering a range of promotions for new and existing players. New users can enjoy a welcome bonus of up to $500, matched at 100% of their first deposit. This means if you deposit $500, you’ll have $1000 to play with. Bet365 also offers ongoing promotions, such as odds boosts and cashback offers, to keep things exciting for their players.

→ To learn more about Bet365 bonus code offers, click here.

DraftKings Sportsbook 

DraftKings Sportsbook is another top sports betting site with a reputation for offering excellent bonuses. New bettors can receive a sign-up reward of up to $1000, matched at 20% of their first deposit. Additionally, DraftKings offers daily odds boosts and free-to-play pools, giving players more chances to win big.

→ To learn more about DraftKings bonus code offers, click here.

FanDuel Sportsbook

FanDuel Sportsbook is a popular choice among sports bettors, known for its user-friendly interface and competitive bonuses. New members can receive a risk-free bet of up to $1000. This means if your first bet loses, FanDuel will refund your stake up to $1000 in site credit. FanDuel also offers daily odds boosts and special promotions for major sporting events.

→ To learn more about FanDuel bonus code offers, click here.

Other Available Sportsbook Sites With Great Bonuses

Of course, we haven’t mentioned all the sportsbooks in the US because there are so many! But I can’t resist adding to my top sportsbook list above, the following great names and their generous sign up bonuses:

Terms & Conditions You Should Look Out for When Choosing Sports Betting Bonuses 

Navigating which sportsbooks have the best bonuses requires understanding key terms. Be aware of playthrough requirements, time limits, minimum odds, and more.

Based on my experience, I’ve encountered various offers with different requirements. Here are two examples:

  • Bonus A: Offers a 10x playthrough requirement with minimum odds of -150.
  • Bonus B: Offers a 5x playthrough requirement but requires minimum odds of -200.

Which one would you choose? Personally, I’d go for Bonus A. Find out why below!

Playthrough Requirements 

Playthrough requirements, also known as wagering requirements, stipulate how many times you must wager the bonus amount before you can withdraw any winnings.

Example: If a bonus has a 10x playthrough requirement, and you receive a $100 bonus, you would need to wager $1000 before cashing out.

Time Limits 

Bonuses often have expiration dates, requiring you to use them within a specified period. This period can vary from a few days to several weeks or months, depending on the promotion. If you don’t use the reward within the given timeframe, it may expire, and you could lose out on the opportunity.

Minimum Odds 

Some bonuses require you to place bets on events with minimum odds to qualify. This ensures that you’re not simply wagering on heavily favored outcomes to meet the requirements.

Example: A promotion might specify that bets must be placed on events with odds of +100 or higher. 

Minimum & Maximum Wagers 

Bonuses may come with restrictions on the minimum and maximum amounts you can wager. These limits help control risk for the sportsbook and ensure that the bonus is used as intended.

Example: A promotion might require a minimum bet of $10 and a maximum bet of $100. 

Maximum Wins & Withdrawals

Limits on how much you can win or withdraw from bonus winnings can vary. Some incentives may cap your potential winnings, while others may limit how much you can withdraw from bonus funds. It’s essential to understand these limits to manage your expectations and plan your betting strategy accordingly.

Terms & Conditions

All the best sportsbook promo codes come with a prize! Understanding the terms and conditions helps you understand which betting site gives the highest bonus. Learning more about sports wagering promotions is crucial for maximizing your winnings.

Previously, I chose Bonus A due to the lower minimum odds, even though the playthrough is higher. This shows the importance of examining each term before deciding.

So, Ready to Take Advantage of These Sports Betting Bonuses? 

You’ve learned how to choose, how to claim, and how to make the most of your sports betting bonuses, improving your sports wagering approach. Apply these strategies to boost your wagering potential and increase your chances of winning big!

What promotion will you try first? Explore our site for more tips on mastering the best sportsbook bonuses. Ready to become a savvy bettor? Visit our Betting 101 section for more expert advice!