As the US sportsbook landscape ages, more and more sportsbooks launch across the country. In the battle for customers, various bonus bets and no deposit bonus codes are offered.
If you are looking for bonus bets at US online sportsbooks, you’ve come to the right place. We have accumulated all of the best sportsbook sign-up bonuses and bet credits in the industry.
So, how do bonus bets work? What’s the catch? On this page, we will explain that and more. Most importantly, we will go over the best strategies for using bonus bets, coming out ahead, and what betting sites offer them.
Best US Sportsbook Bonus Bet Offers – 2023
What Apps have Bonus Bets?
All online sportsbooks offer some sort of sign-up bonus. Those come in a variety of forms, such as deposit matches and bet credits back if you don't win.
Sign up bonuses can only be used once, but they can be used for each sportsbook. Depending on the availabilities in your state, we encourage you to register and use multiple bonus bets. After that, you will have an account on multiple betting sites to shop around for the best lines and prices.
Then, the best sportsbooks continue to offer bonus bets to current customers. Some have a large number of ongoing promos that can be used, while others have great loyalty programs that allow you to earn bonuses.
What are No Deposit Bonus Codes?
No deposit bonus codes are rare for sportsbooks. It’s much more common for online casinos, but they still pop up from time to time.
For a no deposit bonus code, you will receive a small amount of bonus money after signing up. Unlike all other welcome bonuses, you don’t have to deposit any money into your account to receive the bonus.
Tip for No Deposit Bonuses
No deposit bonus codes can be hard to come by for sportsbooks. So, you may have to get a little more creative and look for bonus opportunities.
What’s the easiest way to earn bonus bets without spending any money? Refer-a-friend bonuses.
Many sportsbooks, such as Unibet, has a refer-a-friend bonus that can be used multiple times. All you need to do is get one of your friends to sign up for the sportsbook and make a deposit.
Your bonus may vary on the amount that your friend deposits and wagers, or it could be a flat rate.
How do Bet Credits Work?
Bets credits back if you don't win are very popular welcome bonuses. They kind of work like a second chance.
If you use a sign up bonus that offers bet credit back on any losing wager, it will apply to your first real money wager with the sportsbook. If that bet loses, you will get your stake returned in the form of non-withdrawable bet credit. Therefore, it kind of works like a second chance, as you still have funds to wager with.
You can then use that bonus money to make another bet. Some sportsbooks reward you with one bet credit, while others split the money up into multiple bet credits.
In the end, you still want to win your first bet. In that case, you won’t be receiving a bonus. However, you can bet a little more, knowing that you will be getting another chance if you lose.
Caesars Bet Credit Offer
After Caesars acquired William Hill and launched a new app, it rolled out a bet credit offer. In fact, it’s the biggest one you will find.
By using our promo code, you will get a bet credit up to $1,250 if your first bet doesn't win! This means if you lose your wager, Caesars will refund your account with bet credit that is equal to the amount of your losing wager.
Then, Caesars continues to offer bonuses. For example, you could earn bonus bets during baseball season if the team you bet on hits home runs. And you can sign up for Caesars Rewards to earn additional promos.
PointsBet $50×5 Bet Credit Offer
When you use our promo code for PointsBet, you will get five bet credits back worth up to $50 each for any wager that doesn't win.
Splitting up this promotion over five separate bets gives new users added flexibility to explore different features of the app and test out different betting types, including spreads, moneylines, totals, and props.
BetMGM New User Offer
BetMGM is offering up to $1,000 in bet credits on your first bet for any losing wager. If the amount is over $50, you will receive five bet credits in return, all equaling 20% of your initial wager.
BetMGM is one of our favorite sportsbooks to receive bonus bets after signing up. There’s the Money Monday Club, insurance bonuses, the M Life Rewards program, and much more.
FanDuel Bonus Bets
FanDuel is one of the betting sites where you can play fantasy sports. But it also has a sportsbook that offers up to $1,000 back in bet credits if you don't win as part of a “no-sweat bet”.
If you’re in a state that allows for online casinos, you’ll receive an additional $1,000 no-sweat bet that you can use on real-money casino games.
What are Deposit Match Bonuses?
Deposit match bonuses also give you bonus bets, but they work a bit differently. You will immediately get bonus bets on signing up, but the amount will be based on your deposit.
A sportsbook will match a percentage of your first deposit with bonus bets. If it’s a 100% deposit match bonus, the betting app will match your full deposit with bonus money.
Tipico 100% Deposit Match
Tipico offers a 100% deposit match bonus of up to $250. So, you can deposit $250 and then receive an additional $250 in bonus bets.
This bonus does have 3X wager requirements. If you were to deposit the maximum amount of $250, you would have to wager $2,250 before your bonus is transferred to your cash wallet.
DraftKings $150 Bonus Bets
DraftKings offers new customers one of the best incentives in the business. New users who sign up and place their first bet of $5 get an instant $200 in bonus bets.
While these bonus bets cannot be withdrawn and must be used to make additional wagers on the app, it's still a fantastic opportunity to get your account off to a winning start.
How to Make Money with Bonus Bets
When you initially see all of the offers for bonus bets on signing up and no deposit bonus codes, it may seem too good to be true. However, there are still ways to end up winning money off of your bonus bets.
For sign up bonuses, be sure to read the terms and conditions of the offer. This is the most important part. These will tell you things such as:
- – How long your bonus bets last
- – Playthrough requirements
- – Min and max odds you can bet
- – Promo code information
- – What types of bets are allowed
- The playthrough requirements will have to be met within a certain time frame. If it’s 90 days, take your time. Make smart bets. If it’s 10 days, you don’t have much time to wait for your favorite markets.
Then, the best way to stay on top of promotions is to sign up for email alerts. Additionally, you need to always check the promo page of the sportsbook to see what is new. US sportsbooks are always offering varying types of betting promos, any of which could be tied to a certain sport or game.
Then there are loyalty programs. Not all sportsbooks have them, but most have some sort of rewards scheme. They all work a bit differently but will reward you for the amount you bet. You can receive bonus bets for betting a certain amount with a sportsbook.
Cash vs. Bonus Money
Your bonus bets are different than your withdrawable cash. When you receive bonus bets on signing up, you will have two totals in your account. One total is cash money that you deposited. It can be withdrawn at any time.
Then there’s your bonus wallet. You have to meet the playthrough requirements in order to transfer this money into your cash wallet.
This is the goal! Bonus money to cash wallet!
Tips for Insurance Bonuses
Insurance bonuses are offered on a lot of sportsbooks. It can also be referred to as cash back. This is one of my personal favorites to stay on the lookout for, especially for parlays.
There are many parlay insurance bonuses available that will give you a refund if only one leg of your 3+ leg parlay loses.
This is an example of how you need to be creative with bonus bets. Sometimes they aren’t obvious. However, this is one of the best promos around. You can lose the bet and make your next wager entirely in bet credits.
Free Betting Sites
US sportsbooks are fantastic. I love using all of the features, especially live betting. But I also like to play on free betting sites. Always risking money can be too much.
For example, Fox Bet has Super 6, which is a free-to-play platform. Super 6 contests ask you six questions. If you get them all right, you can win cash money!
Free betting sites can be used in most states, unlike sportsbooks. You also have the obvious DFS options, such as DraftKings and FanDuel.
Summary of Bonus Bets on US Sportsbooks
Big bettors that usually go to the sportsbooks on the Las Vegas Strip are now online. This is solely because of the number of bonuses that are available to customers using online betting sites.
You have sign up offers, ongoing promotions, and loyalty programs. From the start, you will be gaining bonus bets with the same sportsbook. But that shouldn’t stop you from joining other sites and taking advantage of additional welcome bonuses.
The main tip to remember is reading the rules and terms. If you see high playthrough requirements, it may be smart to stay away. On the other hand, there are tons of offers with reasonable playthrough requirements, making it possible to make money on bonus bets.
If you are unsure, read our US sportsbook reviews to learn more about the offer. We highlight the important parts of the terms and conditions while reviewing the bonus.