Sportsbook Promos Guide – How to Use Them and the Best Ones
Sportsbook promos are great opportunities for online sports bettors to get rewarded for their investments. Bookmakers offer some limited time and some ongoing offers, such as risk-free sports bets, parlay insurance, rewards points, and more.
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Whether you’re taking advantage of an NFL-specific promotion or an offer that you can use on any sports wager, betting sites have some great options for players. They typically require a small deposit minimum and have some terms to follow so that you can avail of their rewards.
In this article, we’ll be discussing how to use some of the best sports betting promos out there right now. And we’ll also teach you where to find the best promos, including online sportsbook suggestions for players, from Bovada to BetNow and more.
Keep reading to learn the specifics!
How to Use Sportsbook Promo Offers
BetOnline's NFL Mega Contest worth $1/2 Million is an example of a great Sportsbook Promotion.
Using a sportsbook promo requires you to be an official member of the betting site. But aside from this technicality, you also have to meet specific terms and conditions, which can vary from one offer to the next. These are the common eligibility requirements:
- Minimum deposit (usually between $5-$20)
- Rollover requirements
- Fulfill promo rules within a time frame (usually 7-30 days)
Usually, opting into a promo at a bookmaker is as simple as making the required deposit. However, certain offers do require the use of a promo code, which should be outlined in the offer’s T;Cs.
Which Sportsbook Has the Best Promos?
It’s hard to say which sports betting site has the “best” promos, since the terms and conditions of every promo vary significantly.
The site with the best promos is the one that offers the promos most compatible with your budget and banking method(s). And the site needs to offer promos that you can afford to avail of, such as those with low rollover requirements and low deposit minimums.
Best Promos for Sports Betting
Before we get into the specific offers at major bookmakers, let’s look briefly at the types of sports betting promotions that you’re likely to encounter at betting sites.
Free Bets
Free bet promotions give you a chance to make a small amount of winnings with a little help from the sportsbook. Here’s how it works:
- You make a small minimum deposit for a sports wager
- The bookmaker provides you with a certain amount of site credit to use on your wager
- You place the bet, and if your bet wins, you get to keep your winnings and move on
Risk-Free Bets
Risk-free bets are fairly similar to the sportsbook free bets. However, the catch is that you get a second chance if your bet is a losing one. And instead of getting site credits from the bookmaker to start, you get those credits when your bet loses so that you can place a new bet “for free”.
What’s nice about risk-free bet offers is that you can get your stake back, plus your winnings, if you win your bet.
Rewards Programs
Certain bookmakers have site-exclusive rewards point programs. Loyal customers can earn rewards when they bet and then redeem those rewards for more cash to play with, sometimes on a tiered scale.
Cash Out
Cash out, also known as early cash out, is a special offer at certain sites where you can cash out some of your winnings before the wager has ended. This offer is often applied to specific straight wagers and parlays.
Reduced Juice
Juice (a.k.a “vigorish”) is the edge that the bookmaker has over its customers. By opting into a reduced juice promo, you can better your odds of winning.
Odds Boosts
This promotion is exactly what it sounds like – enhanced odds at the same price.
Parlay Insurance
These are special opportunities to get something back if you lose a leg of a combo bet – such as your stake or cash you can use for free bets.
Referral Offer
Referral or refer-a-friend promos are offered at almost every sportsbook. When you refer a friend and they make a successful first deposit, you can both get rewarded with free bets and other special perks.
Best Sportsbook Promos and Where to Find Them
Below, we’ll briefly highlight some of the best and biggest sports promos on the market right now and where you can find them.
MyBookie Sportsbook
MyBookie Sportsbook has a generous promotional offer for current customers in the form of a refer-a-friend offer. You can collect a 200% reward worth up to $200 in value, and you get unlimited uses of this offer. Rollover requirements apply, as well as other terms.
Bovada
Bovada’s rewards system is the best promotion you’ll come by at the bookmaker because it’s an ongoing offer. Customers can earn rewards on a 6-tier system from starter to hall-of-fame rewards.
And for every $1 spent on sports wagers, you can earn between 2-60 rewards points. Those rewards can be redeemed for cash to use on future bets.
BetNow
The best promo offers at BetNow Sportsbook include the limited-time vig-free wagers in November and the refer-a-friend promo. These opportunities to get better chances of winning and get 20% cash rewards on each friend you refer are great ways to get a leg up.
And with so many promos offered at BetNow, it’s also important to consider the site’s loyalty program, which offers rewards points on sports wagers and horse racing wagers.
BetOdds.ag
The best promotional offers at BetOdds Sportsbook include the horse rebate offer and the referral offer. The horse rebate is an ongoing promotion with 5x rollover requirements. Current customers can get an automatic 10% weekly rebate on horse racing wagers with no minimums or maximums applied.
And the referral offer is a 50% offer with a minimum $200 rule and maximum $500 rule. With a low 10x rollover requirement and a generous $250 promo value, this is a great offer.
BetOnline
BetOnline’s best promotional offer by far is the reload bonus offer. You can take advantage of a 25% reload bonus worth up to $250 in value on every funds reload you make all year round.
And if you’re a crypto bettor, you get even more rewards from the offer with a 35% reload bonus worth up to $350 in value on every reload that qualifies.
BetUS
BetUS is “America’s Favorite Sportsbook”, in part due to its impressive promotions such as the re-up offers and referral offer.
The re-up bonuses entail rewards between 100%-200% on traditional and crypto deposits, respectively. There are also ongoing cash re-up bonuses between 10%-20% for existing customers using traditional and crypto funds, respectively.
And the referral promo is generous at 300% with a maximum value of $6k when your referred friend successfully makes the required 1st-3rd deposits at the site.
Wagerweb
Wagerweb’s best promos include the Bitcoin payouts, sportsbook cashback program, and the referral offer.
The Wagerweb Bitcoin payout is a promotion for crypto customers to cash out all 7 days of the week (more than other customers can). Wagerweb sportsbook cash back rewards customers with free play on a weekly basis. And the refer-a-friend offer is a low rollover requirement promo with rewards between 20%-35%.
Xbet
Xbet Sportsbook’s best promotional offer is the refer-a-friend offer, which is an opportunity to earn a 100% bonus when your referred friend joins and deposits. It has a relatively low 10x rollover requirement, and you could be rewarded a maximum value of $100.
GTBets
At GTBets, the promotions keep coming after you avail of your new customer bonus offer. Some of the greatest rewards at this sportsbook include the horse rebate offer – 10% on net weekly losses – and the refer-a-friend promotion.
Customers also have the option to opt-in to email promotions that arrive in your inbox with the GTBets weekly newsletter for added sports betting rewards.
Sportsbetting.ag
At Sportsbetting.ag, the top promotions include the reload bonuses, both for crypto players and traditional cash players.
The regular reload bonus for sports wagers is a 25% promo with qualifying $50 minimum deposits. You can ultimately get a maximum of $250 in free plays.
The crypto reload bonus is even better with 35% rewards on qualifying deposits with ETH, BTC, and other cryptocurrencies.
YouWager.ag
Last but not least, consider YouWager.ag’s best promotions – the free play offers and cash offers. Free play bonus offers at YouWager range from 50%-160%. And the cash offers include a 10% bonus offer for limited deposit methods starting at $100.
Summary
Hopefully, our guide has given you a better understanding of sportsbook promos, including how you can use them and where you can find some of the best ones. A great sportsbook promo has reasonable rollover requirements, a relatively low deposit minimum, and fewer terms for you as the bettor.
Whether you’re taking part in a refer-a-friend promo, cash out, or some kind of reload offer, remember that all promotions require some sort of investment and risk on your end. You can’t really gamble for free, so remember to play responsibly when it comes to these sports betting promotions.
