Sports Editor
The best sportsbook promos give you more chances to find winners and boost your bankroll. But sites throw a lot of bonuses at you these days and it can be hard to know which ones to take.
Our experts examine the terms, conditions, and value of each betting bonus so you can maximize each promo you claim. Before we get to that though, here are the biggest welcome offers you can claim today.
Top Sportsbook Promos Today
Three of the Best Sports Betting Promos
The sites listed above all offer good promotions, but a few stand out for their generous amounts and favorable terms.
1. BetWhale – Best Betting Bonus Overall
If you’re looking for the biggest welcome offer around, then BetWhale is for you as it offers both a high deposit match percentage and a big maximum value.
Welcome Bonus: 200% up to $6,000- Promo Code: FREE250
- Minimum Deposit: $100
Welcome Bonus: 200% up to $6,000- Sports Covered: 25+
- Live Betting: Yes
- Separate Racebook: Yes
Features
The massive 200% welcome bonus caps out at $6,000, which is a massive amount compared to other sites. This welcome bonus also carries a reasonable 15x rollover.
BetWhale covers more than 25 sports with reasonable depth, giving you plenty of ways to bet that big bonus too.
Pros
- Massive welcome bonus
- Solid rollover requirement
- Lots of markets
- Variety of banking options
Cons
- High $100 minimum deposit for welcome bonus
- Not many ongoing promos
Our Verdict
BetWhale’s big welcome bonus is industry-leading and provides plenty of value with its fair terms of use. There aren’t too many other sports betting promos here, but the value in that welcome bonus is huge.
Otherwise, the site itself is solid. Odds are competitive and there are lots of banking options for deposits and withdrawals. You’ll find good market coverage across the major sports too, so there is always something to wager on.
[bm_offer id=”69489″ CTA=”BET NOW”]2. BetOnline – Zero Rollover Betting Bonus
When it comes to bonuses you can turn into cash quickly, BetOnline’s welcome bonus of free bets is the best of the best.
- Welcome Bonus: 50% up to $250
- Promo Code: FREE250
- Minimum Deposit: $5
- Sports Covered: 25+
- Live Betting: Yes
- Separate Racebook: Yes
Features
BetOnline’s welcome bonus of 50% up to $250 isn’t huge, but it is simple to cash out. It comes as a free bet, and any winnings from that free bet are immediately withdrawable as cash which is incredibly rare.
The free bet can be used on any sport, but there are limits which markets you can use it on and they vary by sport. For football, basketball, and soccer it can only be used on spreads or totals with a max odds of +150 for example.
Pros
- Welcome bonus comes as a free bet
- No rollover on welcome bonus
- 30 day time limit to use
- VIP Rewards program
Cons
- Limits on free bet use by market
- Not many ongoing promos
Our Verdict
BetOnline doesn’t have many ongoing promos, but its no strings welcome offer is an amazing deal, and something you won’t find with any other sportsbook promo.
The site itself has good odds, with moneylines and spreads going up very early. Market coverage is good, with all the major sports and lines available. Live betting is also good here, making it a great option for all your sports betting.
[bm_offer id=”69487″ CTA=”BET NOW”]3. MyBookie – Best Reload Sportsbook Promo
No site can compete with MyBookie for generous reload offers.
- Welcome Bonus: 50% up to $1,000
- Promo Code: MB50
- Minimum Deposit: $20
- Sports Covered: 35+
- Live Betting: Yes
- Separate Racebook: Yes
Features
Welcome bonuses are great but they only work once. MyBookie’s reload offer can be used over and over again. It’s 35% match up to $875 is a higher percentage and maximum value than any other similar sportsbook promo you’ll find.
Pros
- 10x rollover on welcome bonus
- Generous reload bonus
- Rebates on horse racing bets
- Exclusive VIP program
Cons
- Bonuses can’t be used on horse racing
Our Verdict
MyBookie provides a good welcome bonus, with a low 10x rollover, and an 8% rebate on horse racing. These and the reload offer make it a great site for betting promos.
[bm_offer id=”69503″ CTA=”BET NOW”]Types of Sportsbook Promos
There are a few different kinds of sports betting promos that you can expect to see across a site. Here are some of the most common ones.
Welcome Bonus
This is the most common sportsbook promo you’ll come across. Available only once to new players, these bonuses usually give you a percentage of your first deposit as free play credits.
For example, if you deposited $100 with a 100% welcome bonus, your starting balance would be $200.
Reload Bonus
Some sportsbooks offer a reload bonus that you can use on future deposits. These work exactly the same as a welcome bonus, although they are often for a smaller amount.
Typically, a reload bonus will give you around a 25% boost to your deposit. They may also carry a higher wagering requirement than the welcome bonus.
Free Bets
This is one of the best sportsbook promos. Free bets are exactly what they sounds like, you are given the ability to make a fixed stake bet without having to actually wager your own money. If the bet wins then you get paid out. If it misses, then there’s no damage to your bankroll.
Free bets are seen by many in the industry as the very best sportsbook promos around, so always keep an eye out to see if you’ve earned one or are close to doing so.
Odds Boosts
When a sportsbook offers Odds Boosts, it means it has improved the odds way above the normal market level. For example, a bet might normally have odds of +200, but with an odds boost applied, the sportsbook improves it to +300.
These kinds of betting promos are heavily promoted if they are available, so it’s very unlikely that you’ll miss any odds boost offers. They usually appear around major events, such as the Super Bowl or World Cup, and are occasionally gated to new customers only.
Risk-Free Bets
Risk-free bets sound the same as free bets, but they aren’t. With a risk-free bet, you stake your own money on the wager but get your stake back as a free bet credit if you lose.
Sometimes the bonus credit will be subject to a rollover, but even if it is, these are still some of the best sportsbook bonuses for allowing you to stay in the game if one of your wagers misses.
Parlay Insurance
A parlay is a kind of bet where you combine multiple wagers into a single bet for massively improved odds. In order for the bet to win, all the legs have to hit. With Parlay Insurance, you’ll get your stake returned – usually as a free betting credit, but sometimes as cash – if just one of your legs lets you down.
Common Sports Betting Promos Terms and Conditions
All sports betting promos will have their own terms and conditions for using the sports betting offers provided. You should always make sure to read and understand them before signing up.
The one you really need to pay close attention to, though, is the sportsbook bonus rollover. This is also known as a wagering requirement.
Once you’ve figured out if the rollover is something you can manage, take a little time to check out the following terms.
Minimum Deposit
There will be a minimum first deposit you’ll need to make in order to activate your betting bonus after you sign up. This amount is usually slightly higher than the minimum deposit that the site accepts, so make sure your first deposit is enough to trigger your bonus.
Promotion Window
No sportsbook bonus will last forever. You will have a window to activate a bonus and to complete your rollover requirements. This is typically either 14 or 30 days. It’s also worth keeping in mind that only bets settled in this window count towards a rollover, so it’s not a good idea to use bonus funds to place futures.
Minimum Odds
Some sportsbooks will set minimum odds for markets that you can use your bonus on. These are still highly competitive, typically around -150, but will stop you from reaching your rollover by only backing heavy favorites.
Maximum Win
Some sites will have a maximum amount that you can win while using your sportsbook promotions. The limit is usually quite high, though, so this typically only affects very high-stakes players.
How to Choose the Best Sportsbook Promos
Most sites only allow you to claim one bonus at a time, especially if they are deposit bonuses. So picking the right one at the right time is crucial.
One-Off or Repeating Bonus
One of the biggest things to consider when picking between betting bonuses is whether the bonus comes all at once with the first deposit or is spread out between the first several.
For example, if you were looking to place a lot of wagers in a short amount of time, like during March Madness or the World Series, then having the bonus all at once would be best. If you wanted to play more long-term, such as throughout the NFL regular season, then it may be better to take a bonus that is released gradually.
Rollover is Crucial
Generally speaking, the bigger sports betting promos have bigger rollovers, which means you have to place more bets in order to meet the bonus requirements.
If you are a frequent bettor then this shouldn’t be an issue, but if you tend to place fewer wagers then think about if it’s better to take a smaller bonus with a lower, or no, rollover requirement in order to maximize your chances of hitting it.
Make Sure You Can Back Your Favorites
Check that the markets you want to use your sportsbook bonus on are available. All the sites here carry major national and international sports, but if you enjoy betting on a particular market then make sure it’s on offer. No bonus is worth missing out on backing your favorite team.
Check Out the Ongoing Sportsbook Promotions
Although the biggest sports betting promo you’ll get is the one when you open your new account, there are also regular sportsbook promos for existing customers. As we mentioned above, these can range from reload bonuses to bonuses awarded for making future deposits in crypto. It’s worth keeping an eye on these, as they can reward you in the long run.
Sportsbook Promos Explained
All of the best sports betting sites will offer you sportsbook promos to boost your account balance. But as you may have guessed, different sites will have different deals, with each one having its own particular strengths – more on that later.
First, let’s see how sports betting promotions work.
What are Sportsbook Promos?
Sportsbook promos are bonuses and rewards that a sportsbook will give you to help boost your account balance. The biggest bonus you can expect to receive is when you sign up for a new account, where you can get additional credit on your first deposit.
Remember that you can join as many sites as you want to grab every sportsbook sign up bonus that you want.
There are also plenty of sportsbook promotions available once you’re signed up and playing. These can be a reload bonus, where you get a boost when you add more money to your account, or free bets and odds boosts.
What are Sportsbook Promo Codes?
When you join new betting sites, you may need to enter a special promo code to unlock your welcome bonus. You’ll be prompted to do this when you register for an account. These codes are readily available across the sportsbooks, so there is no need to worry about missing them.
Sometimes you don’t need a code to unlock your sports betting bonus, and you’ll get it just for signing up and making a qualifying deposit. You’re not getting any less of a sportsbook bonus when you don’t need to use a code; some sites simply don’t require it.
Sportsbook Promos Red Flags & Mistakes to Avoid
We all ignore T&Cs and inevitably make the odd mistake here and there. But when it comes to sports betting promos, you really don’t have to. Just follow these tips.
Watch the Rollover
Watch out for betting app promos that have a high rollover before your bonus is paid out in cash, or that require you to rollover both your deposit and bonus. These restrictions can make it hard to hit your rollover requirement.
Check the Eligibility Window
It can take time to use the best sportsbook promotions, so make sure the offer you are considering gives you enough to take full advantage of it.
It’s also worth thinking about the timing of when you open an account. For example, if you enjoy betting on league soccer, a 14-day expiry window can make hitting a rollover tough if there is an international break in the middle of it.
Look Out for Bet Limits
Some sportsbooks put limits on the odds you can bet on with your bonus. While these typically are still generous and around -200, it’s something to keep in mind, especially if your preferred markets carry low odds.
