Best Sportsbook Promo Codes & Bonuses for May 2024

A huge amount of money in free bets is a surefire way for sportsbooks to gather in new customers. However, these deals aren't always as great as they seem. We check out the actual value of the sportsbook bonus, by looking into factors such as the minimum deposit, wagering requirements, win caps, and minimum odds. Sometimes it's the small free bet bonuses and odds boosts that actually end up providing the best value.

When it comes to sportsbook bonuses, the terms and conditions are crucial. All of those factors that we mentioned above are bonus terms and they can make or break a bonus bets deal. We consider all of them carefully and make a note of any unusual ones.

The bonus size is an essential point of consideration. Although size isn't necessarily an indicator of quality, we ensure that whatever we propose has something to offer for new and existing bettors.

Most essential when it comes to US promo codes is the bonus wagering requirements. The best offers have wagering requirements of just 1x, meaning you can wager the bonus amount and receive your winnings straight away.

There is no need to increase the odds or improve anything else if there is nothing for people to gamble on! We prefer that our top recommendations cover all of the major sports. Also, we make sure that there are many different betting alternatives. Everything, from proposition bets to betting on the money line, must be adequately covered.

It's always nice to get something extra at a sportsbook. There should be some other features on the site that make betting more fun. We ensure that the recommended sportsbooks offer features like live streams, statistics, and additional helpful information.

Deposit match bonuses reward you with free cash when you deposit a certain amount of money into your betting account. They come with a percentage next to them, which refers to the amount of your deposit you'll receive from the sportsbook. The most common deposit match bonuses are 100% bonuses, but you'll see them from 20% right up to 500%. There'll also usually be a capped amount that the match won't go beyond, this will vary from sportsbook to sportsbook.

Example: There's a deposit match bonus of 100% up to $200. You deposit $150 and you receive $150 from the sportsbook, giving you $300 in total to bet with.

Risk free bets are also know as second chance bets and they're a popular introductory offer at US sportsbooks. They work by insuring your first bet so that if you don't win, you get your stake returned. Usually these bets come with a cap that your initial wager can't go over. You should note that your stake is almost always refunded as free bet credits, so you have to wager them first before you can withdraw anything.

Example: There's a risk free bet of up to $500 on any major league sport (new customers only). You sign up to the sportsbook and deposit $100, you make wager that $100 on the Chicago City Bulls to win. The Bulls lose and your $100 stake is refunded to you in free bet credits.

Reload bonuses are any promos that give existing customers perks when they fund their betting account. They often come in the form of a partial match deposit (10-20%), or as free bet credits.

Example: There's a 20% reload bonus that comes in the form of free bets to be used on NFL games. You deposit $300 and receive $60 in free bet credits to be wagered on NFL games.

Loyalty programs, also know as VIP programs, or clubs, offer rewards to customers who bet frequently (with the same operator). Often loyalty programs have different tiers, which you unlock by accumulating points. You accumulate these points by wagering money at the sportsbook. The higher the tier you're on, the more generous sportsbook bonuses you'll be able to access.

Example: There's a five tier loyalty program that offers a 20% reload bonus on all deposits once you reach tier 5. You accumulate 10 points for every $100 you wager and you need 500 points to reach tier five. You wager $5000 over the course of a year and reach tier 5 to secure your permanent 20% reload bonus.

Bonus bets, or free bets, are one of the most common promos you'll come across. They offer you a totally free bet, usually on odds of a minimum amount. If your bonus bet wins, you instantly receive the winnings, but are not given back the free stake. If your bonus bet loses then your free bet is gone, but you haven't spent any of your own money. Sometimes bonus bets are to be used on specific sports, or even specific games.

Example: There's a $50 free bet available to use on the Super Bowl. You claim the free bet and wager on the Kansas City Chiefs to win outright at odds of +150. They win (or they did in the 2023 Super Bowl at least!) and you're paid out $75, as the free bet stake is retained.

No deposit bonuses are pretty unusual to come across, but they do exist. They usually come in the form of a free bet of a small value, often to be used on a certain sport. They don't require you to make a deposit to use them, but they often have wagering requirements attached.

Example: There's a $2 free bet available to new users to use on the Kentucky Derby. You claim the $2 free bet by signing up to the site and verifying your identity. You wager $2 on Mage to win at +1500 odds and he does (in the 2023 Derby at least!). You collect $30 in winnings and the stake is retained. You need to wager your $30 four times ($120) before you can withdraw it.

Sometimes sportsbooks offer odds boosts. This is when the odds for a particular game, or team, are boosted to give you a higher payback.

Example: The New York Rangers are at odds of +200 to win their next game, but you're given an odds boost which takes their odds to +280. This increases the winnings of your $10 bet from $20 to $28.

If the sportsbook offers this option, they'll allow you to settle your bet early in exchange for a lesser payment than expected. This reduces the risk that is on your end. It also allows the sportsbook to avoid paying you a higher sum if your wager is successful.

Example: You've bet on the Chicago Blackhawks to win and with 10 minutes remaining it looks like they're going to. Your sportsbook offers you the option to cash out at odds of +180 instead of the +250 odds that you originally took. This decreases your winnings, but even if there's a turn and the Blackhawks lose, you've secured your money.

The rollover requirement, or wagering requirement, is how many times you must wager the bonus value before you can withdraw your winnings. Often free bets will have a 1x wagering requirement, while deposit match bonuses typically have higher rollover requirements.

Example: There's a wagering requirement of 3x on a deposit match bonus. You deposit $50 and get $50 in bonus money from the sportsbook. You need to wager the $50 three times before you can withdraw your winnings. 50 x 3 = $150.

Many sportsbook bonuses will have a minimum deposit requirement. This is simply the smallest amount that you can deposit to be eligible for the bonus. Take note that sometimes this is different to the minimum deposit of the sportsbook itself.

Example: There's a risk free bet available for any user who deposits $10 or more. You deposit $50 and receive the free bet, if you'd deposited $5 you wouldn't be eligible for this sportsbook bonus.

Minimum odds are often specified to prevent you from only betting on short priced favorites. Usually, you won't be able to use your free bet credit on sports bets with odds lower than -200.

Example: The bonus bet you want to claim has a minimum odds requirement of -200. You want to bet on the New York Knicks to win their next game, but their odds are -250 so you can't. Instead, you use your free bet to wager on the Lakers at odds of +100.

Often sports betting promo codes have an expiration date. This is simply the date by which your bonus will no longer be valid. If your sportsbook bonus has a rollover requirement then you must meet this (and any other conditions) before the expiry date.

Example: There's a deposit match bonus of 100% up to $200 with a 30 day expiry date and a 4x rollover requirement. You take the bonus up to the full amount so you need to wager $800 within 30 days to be able to withdraw your winnings.

Sometimes there'll be a win cap or a max win applied to a sportsbook bonus. This refers to the maximum amount that you can win from a certain bonus. Any winnings over this amount will be forfeited.

Example: There's a $50 free bet to use on any sport, it has a $250 win cap. You take the whole $50 bet and wager on Columbus Crew to win their next game at odds of +1200 and they do. Ordinarily you'd get back $600, but in this case you get just $250 because of the max win term.

In Arizona, the welcome bonus is only triggered after the initial qualifying wager is placed and only if the bet is ultimately unsuccessful.

In addition, bettors can earn a total of 1,000 Caesars Rewards Reward Credits and 1,000 Caesars Rewards Tier Credits. Bettors are required to place an initial bet of a minimum of $10 during the first thirty days after opening a Caesars Sportsbook account. If you lose the initial wager, the bet credit will be refunded to your account no later than two business days after the wager was placed.

After the settlement of the qualifying wager, the award and the tier credits will be added to your account within a week's time.

Caesars Sportsbooks offers new customers in Wyomingthe opportunity to get up to $1,000 in bet credit, 1,000 Caesars Rewards Tier Credits, and 1,000 Caesars Reward Credits.

The sign-up bonus is only applicable to the first qualified wager. Players must place their bet during the first 30 days of opening an account. The credit for the single bet wager will be added to their account no later than 48 hours after the qualifying wager has been lost by you.

The bet credit can not be divided up into a number of different bets of a lower value, and it must be used up within 14 days of it being added to your account.

New players in Illinois can take advantage of up to $1,000 on Caesars Sportsbook. If you place your first bet and it doesn't turn out to be a win, the sportsbook will return the money, up to a maximum of $1,250. You will receive this in the form of a bet credit, which will be credited to your account within the next 48 hours.

You will receive the tier and reward credits within seven days of the completion and settlement of the first wager. These credits cannot be exchanged for cash.

The up to $1,000 bonus bets offer on Caesars Sportsbook is quite enticing. It is unquestionably one of the biggest sportsbook incentives available in Iowa.

The maximum return on losing initial bets is a huge $1,000. After two days, Caesars will reimburse the account with the winnings from the wager. After 14 days, any unused credit for bets will expire. Caesars will credit your account with tier and reward points within seven days of the settlement of your qualified wager.

Within the preceding 30 days, a qualifying wager must have been placed. The bet credit is dependent on the follow-up bet being placed. Bets placed using Caesars' bet credit will only have profits returned to the customer.

If your initial wager is unsuccessful, Louisiana Caesars will reimburse you up to $1,000. You will receive the welcome bonus as a single bet credit, which will get to your account within forty-eight hours after activation. It is not possible to split up the bet credit; instead, it must all be used on a single wager.

You have 14 days after receiving the bet credit to use it. Caesars hands out the tier and reward credits within a week of settling the initial bet after placing the wager. If a customer hasn't set their first wager within thirty days of joining, the promotion won't apply.

In Virginia, Caesars Sportsbook has made it to the big time. 1,000 Caesars Rewards Tier Credits and 1,000 Caesars Reward Credits are available for users to claim. Before making your first wager, you must make an initial deposit. Caesars Virginia will give a bet credit equivalent to the initial stake up to a maximum of $1000 if the wager results in a loss.

Bet credit cannot be withdrawn as cash. After 14 days, any bet credit that has not been spent will be lost.

Caesars Sportsbook is not one to not meet up to expectations. A welcome offer of up to $1,000 is available in Indiana. With this promotion, you will also receive 1,000 Caesars Rewards Tier Credits and 1,000 Caesars Rewards Credits as a welcome bonus.

The bet credit has to be utilized within 14 days of the account being activated. If the first bet is lost, bet credit will be added to the account within 48 hours. Within seven days of the initial wager being resolved, the tier and reward credits will be credited to your account.

Please remember that these credits cannot be converted into actual cash. Users have thirty days from signing up to make their first wager. It is required that the entire bet credit be used on the subsequent wager.

New customers residing in New York can now receive 1,000 Caesars Rewards Tier Credits and 1,000 Caesars Rewards Reward Credits . This comes alongside the opportunity to win their first bet for up to $1,000.

This offer is valid for new members only. Players' accounts will be credited with the welcome bonus amount of a single bet credit and it will be applied to their account within two days. Players' Caesars Rewards accounts will be credited with Tier Credits and Reward Credits within seven (7) days after the settlement of their initial wager.

The bet credit cannot be divided up into many bets; rather, it must be spent in a single wager. Within 14 days of receiving the bet credit, it is required to be spent. If a customer does not place their first wager within thirty days of signing up, the promotion will expire.

Caesars Tennessee is running up to $1,000 on Caesars' first wager. Players will also receive 1,000 Caesars Rewards Tier Credits and 1,000 Caesars Rewards Reward Credits as part of the promotion. To be eligible for this promotion, you must first deposit and then bet a minimum of $10.

The best return will come from depositing and betting the maximum amount of $1,000. The amount of the bet credit will always equal the amount of the first real money wager you make, with a maximum credit limit of $1,000.