Online Betting Promotions
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Latest Online Gambling Promotions - February 2021. The latest promotions of established online gambling sites can increase your chances to win. Search for free spins, free chips, no deposit bonus. Betting promotions for existing customers is just as important and we’re delighted to report many of the top names in the online gambling industry do exactly that. Betting promotions for existing customers exist to ensure regular players keep coming back for more, returning to the site and gambling on a regular basis.
Here is our list of some of the current best betting promotions on offer. All promotions are from the top and most trusted bookmakers licensed and regulated in the UK.
12 Best Betting Promotions This Week
To claim your bonus, simply register, log in then deposit £10; place a bet of £10 or more at odds of 1/2 or higher then get your £30 free bets plus a £10 casino bonus. Minimum deposit of £10 using deposit code 30FB - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager bonus amount x40 within 14 days • Wagering req. vary by game • Withdrawal restrictions and Full T&C’s apply
In order to take advantage of this offer you simply need to register as a new player. You are then done with your first Ladbrokes login. Then, make a deposit of at least £5 and the free matched bet is yours.
The William Hill welcome bonus will give you 3 free £10 bets when you place your first bet of £10 or more on odds of ½ or more, which is one of the better sportsbook welcome bonuses around
When you decide to sign-up with Unibet, you’ll be awarded a welcome bonus of money back as a bonus if your first sport bet loses.
Up to £100 in Bet Credits for new customers at Bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
When you decide to sign-up with Bwin, you’ll be awarded a welcome bonus of £10 money back as a free bet if your first sports bet loses.
Min. deposit £10. Only debit or credit card. You must enter the code MB50. Deposit & bonus amount must be wagered 6 times (min. odds 4/5).
Simply make your first bet at odds of 2.0 or higher on any sports or market and Pokerstars Sports will give you a free bet matching the value of your first bet up to £5. It will credit the bonus into your account in just 48 hours or less. It isn’t valid for customers using Neteller or Skrill to make their bets. Furthermore, you can’t use the bet on the ‘Spin and Bet’ feature and any unused bonus will expire in 7 days.
When you sign up with 10Bet and deposit £15 or more, you'll be awarded a generous welcome bonus of 100% up to £50 - so make a first deposit of €200 and bet with €300.
18+ New Players Only Min. Deposit £10 with bonus code TONY50 added to promo code tab within 3 days To release the Bonus, Deposit must be wagered 10x at min. odds of 1.65 within 30 days
To redeem the welcome offer, simply register and top up your betting account; after this, click on ‘Redeem Bonus’ under ‘My Account’; then enter the bonus code ‘FIRST’ and then they’ll credit 50% of the paid amount into your betting account.
Promo code SPORTS40a. 1st sports bet of £10+ at Odds of 2.00+. £30 free bet paid in 48 hours of settlement, valid for 7 days. Full T&Cs apply.
Betting Promotions – An Overview
On this page you will find following information:
What types of betting promotions can I expect to find?
The competitive nature of the online betting business has resulted in some very creative promotion strategies, offering new and existing users different ways to make betting a bit more exciting.
In this section, we’ll closely examine the most common types of betting promotions offered by reputable bookmakers.
Sign-up bonus
Also known as a “welcome bonus,” this promotion is aimed at converting interested potential customers into actual players.
Betting sites offer to match your opening deposit with a certain percentage, often 100% or higher. There are always limits to the amount of money that qualifies for this bonus, and it’s usually a few hundred pounds.
Who is offering this bonus? All of our partners/online bookmakers seeking new customers
Good samples for a sign-up bonus:
888sport offers £30 in free bets if you bet with £10
Mansion Bet offers a decent 100% up to £100 Welcome Bonus
Money-back promotions (Great value!)
The money-back promotion is good news when luck turns its back on you. As one of the most popular promotions out there, it can be applied to a lot of betting scenarios.
Online betting companies will often offer money-back promotions for first-time betters. Basically, if you’re not a winner, you’ll get a refund on your deposit which you can use for another bet.
The money-back promo is especially popular in football betting. Bookmakers will often offer a refund in case both teams score zero, which can ease the blow for displeased fans.
Who is offering this bonus? Almost all our partners/online bookmakers
Good samples for money-back promotions:
Unibet offers a good £40 Money Back + £10 Casino Bonus
Bet-at-home offers a special Cashback bonus for 0:0 matches
Mansion Bet offers a up to 25% back Premier League Brace Insurance if a player scores twice or more
Ladbrokes offers up to £20 in free bets for a deposit of minimum £5
Free bet promotions
Another popular betting promo is the free bet. Companies will offer you a free bet if you play a certain amount of money listed in the promotion.
Based on the terms, some bookies will only give out a free bet if your bet loses. As this is a highly versatile promotion tactic, it can be used to attract new players or reward loyal customers.
Who is offering this bonus? Almost all our partners/online bookmakers
Good samples for Free bet promotions:
BetFred offers £30 in Free bets
888sport offers £5 free bet every day if you win at 4/1+
Mansion Bet offers “Predict Six” – get max £50 Free Bet for 6 correct Premier League predictions
Bwin offers a £10 Back up bet if you lose your £10 bet with a minimum 1/1 odd
ACCA insurance promotions
ACCA insurance is one of the most popular promotions offered by betting sites. This promotion allows you to qualify for a refund if you lose only one game in an accumulator bet. Determined by the terms and conditions, the refund can be partial or full, but it’s almost always returned as a free bet instead of readily available cash.
Who is offering this bonus? Almost all our partners/online bookmakers
Good samples for ACCA insurance promotions:
Ladbrokes offers accumulator insurance in their “My bets” area
Bwin offers a Football 5+ Acca Insurance
Accumulator bonus promotions
The accumulator bonus is a way bookmakers reward players for winning two or more related bets. Most commonly, the bonus is a percentage of your received prize.
The accumulator bonus is also proportionate to the number of bets you play. Meaning, the more bets you place, the higher the odds that you’ll receive a sweet bonus.
Who is offering this bonus? Almost all our partners/online bookmakers
Good samples for Accumulator bonus promotions:
10Bet offers a nice 50% Acca boost
Ladbrokes offers several interesting accumulator bonusses in their “My bets” area
Enhanced odds
Enhanced odds are temporary promotions that offer increased odds for certain bets. Bookies use this promo tactic to attract new sign-ups and new players.
Depending on the event, the enhanced odds promo can sometimes target the underdog or raise the odds on the winning team to make the betting a lot more interesting. As good as this offer may sound, usually, the prize is free bets instead of cash, so make sure to read all the terms before placing a bet.
Who is offering this bonus? Almost all our partners/online bookmakers
Good samples for Enhanced Odds promotions:
Bwin offers Enhanced Accas for boosted winnings on selected multiples
Ladbrokes offers Free Daily Odds Boosts on any sport
Best odds guaranteed
Most commonly used in horse and greyhound racing, the best odds promotion is legitimately one of the best promo tactics. The best odds promotion becomes available to players that place their bets early, at the odds prior to the start of the race.
As the odds can sometimes change, bookies reward early-bird betters with the best odds guaranteed, meaning that if the odds change, your bet will be automatically transferred to the best odds available at the moment.
Who is offering this bonus? Almost all our partners/online bookmakers
Good samples for Best odds guaranteed promotions:
Mansion Bet grants Best Odds on all UK/Irish Racing Events
Ladbrokes grants Best Odds on all UK/Irish Greyhound Events
Competition promotion (Special event related)
The only thing that can make a major sports competition more thrilling is the competition promos that come along with it. Betting sites present these campaigns for events such as the FIFA World Cup, the Olympics, the Premier League, and Wimbledon.
The format of these special promos widely varies from bookmaker to bookmaker, but what they all have in common is that you have to bet continuously during the whole competition.
Who is offering this bonus? Almost all our partners/online bookmakers
Good samples for Competition promotions:
Betfred offers No runner bets for the Cheltenham Festival
888sport offers a 100% winning boost for Europa- and Champions League days
Unibet offers to “Win the sports trip of your dreams” when betting on 2020 Premier League Darts
Why do online bookmakers offer betting promotions?
Online gambling is a big business and, as such, there is no lack of bookmakers looking to catch your eye and convince you that they are the best place to make your sports bets. The most established names in the betting industry, firms who enjoyed unrivalled success over the years during the times when betting offices were king, have been forced to adapt or die. A state-of-the-art, modern, fresh and fast website and mobile betting app are needed to compete now and without that, reputation counts for nothing. It’s time to evolve.
As well as having to plough cash into modernising their service, established bookmakers also had to compete in the face of growing competition, with a flood of start-up and online-only firms forcing their way in to create a packed marketplace, one that’s fit to explode. That resulted in marketing teams fighting over your custom. It’s a great time to be a sports bettor, with companies bending over backwards to give you the best deal, but it could also be a confusing time.
Which firms should you go with? Who can be trusted? Are these betting promotions worth the paper they are written on and what terms and conditions do I need to be aware of before signing up for a new account and risking my hard-earned cash?
How to choose the bookmaker with the best betting promotion
These are all important questions and ones you really should know the answer to before deciding on the online bookmaker for you and the best online betting promotion to help you beat the bookies. Landing the best betting sites is important. Get it right and you could land the best new customer bonuses and promotions. Use that wisely and it’s possible to beat the bookies with their own cash. Misplace your trust, however, and you could end up costing yourself money and be left with a bookmaker that doesn’t give you the service you deserve.
How do you choose the best online bookmakers for bonuses and promotions and which are the best betting promotions available? Where will you find the top sports betting promotions? There are a few options here. You could ask around, getting advice from experienced punters. You could also do your research and read up on which firms are offering the best value, the most markets and the top promotions before making an informed decision.
What we look for when selecting the best promotions
That could take hours, however, and we realise most punters simply don’t have the time needed to put in the research. That’s why our team of highly experience sports betting experts and tipsters here at BettingOnline have done the hard work for you. We’ve visited all online bookmakers, read through the online betting promotions available there and even scrolled over the terms and conditions to ensure there are no nasty surprises waiting. Then, and only then, have we picked out our favorites and ranked them for you. On this page, you will find our carefully selected list of bookmakers and promotions we believe are the best in the business and will offer you the treatment you deserve.
It’s a punters market and you should get the best betting sites promotions and betting app promotions available to you, but we understand you don’t need the hassle of constantly changing betting firms. That’s why we’ll aim to help you get it right the first time. We don’t just want to get you the best promotion, free bet or special offer, we want to help you sign up with an online bookmaker that will give you a steady service, including the best odds, a fast mobile app, recurring promotions and offers, a reliable customer service team and even live streaming, allowing you to watch horse racing and sport on your desktop or mobile.
For more betting promotions and online casinos we recommend you visit Wisegambler
Bookmakers that offer you the best betting promotions
The following is a list of bookmakers that offer you the best betting promotions:
What to look for when it comes to football promotions
Football is one of the most popular sports to bet on and it comes as no surprise to see bookmakers roll out the red carpet for punters looking to bet on the beautiful game on a regular basis. There is no lack of football betting promotions out there. Bookies know you’re going to be placing your accumulators, multiples and single bets, and they want you to do it through them.
One of the best football betting promotions and betting app promotions currently available is the money-back on losing accumulators promo that has helped change the industry in recent seasons. Nothing stings quite like losing a football acca by one selection and knowing you should have cashed out. Many firms now take the heat off by returning losing stakes if your bet goes down by just one leg. Perhaps you bet a five-fold and ended with four winners and one draw. You’d be furious, thinking what could’ve been, but now you’ll get your stake back as a free bet and this allows you to have another go. If you are within just one team of a winner, chances are you’ll get it right next time.
There are a few terms and conditions attached to these football betting promotions that you should be made aware of but there’s nothing here designed to trip you up or spoil your enjoyment of the offer. Many firms expect a minimum amount of selections – five or more, for example – and each leg must have odds of 1/2 or better. That stops misuse, such as players backing small stakes and looking to nick a profit, knowing they’ll get their money back if it doesn’t go to plan.
Top sites for football betting promos
Below you can find the best sites for football betting promotions:
The variety of betting promotions for new customers
There is certainly no lack of betting promotions for new customers and this is where bookmakers have the chance to win you over. As the old saying goes, first impressions count, and this is true in the gambling industry. The betting promotions for new customers allows a firm to stand out from the competition and convince you they are the best in the business.
The best betting promotions for new customers and betting sign up promotions include free bets and matched bets. The latter promises to match your initial stake with a free bet to the same value. So, for example, if you sign up for a new player account, deposit £20 and bet it on a sportsbook market with odds of 1/2 or better, the bookie will then give you another £20 as a free bet, to use on any sports match or market you wish. This will be added to your account as soon as the first bet is resulted and settled, regardless of if your punt wins or loses.
This is a great way to familiarise yourself with the layout and features of a new site as, for an average outlay, you will be getting a good-sized pot to have a rummage around and bet on different markets from varying sports. Use your free bet wisely and you could land a winner, beating the bookies with their own cash. That’s as near to a perfect gambling scenario as we can imagine. Give it a try today. Choose the bookmaker and new customer offer that suits you, deposit, place a bet and grab yourself a free bet.
Bookmakers that offer betting promotions for existing customers
We love bookmakers who give betting promotions new customers, but we have more time and respect for those who give similar treatment to punters who have proven themselves loyal to the cause. Betting promotions for existing customers is just as important and we’re delighted to report many of the top names in the online gambling industry do exactly that. Betting promotions for existing customers exist to ensure regular players keep coming back for more, returning to the site and gambling on a regular basis. That’s worth more to a bookie than the new faces who turn up to find out what all the fuss is about.
Visit the promotions page of any respected bookmaker for a full list of what’s available to both new and existing customers. We advise doing this on each visit as there could be an offer or promo available on the match or market you intend to bet on, and you wouldn’t want to miss the chance to get more for your money.
Colorado online sports betting kicked off on May 1, 2020. There are 16 licensed Colorado online sportsbooks. Most offer sign-up bonuses including free bets and deposit bonuses that lure players to their sites instead of their competitors. Each has its own set of terms and conditions, and we cover them below so you can find the best deal for your level of activity.
**Some of the products featured here are from our partners who compensate us. This does not influence our evaluations. Our opinions are our own. All bonus and promotions have Terms & Conditions that apply. 21+ for legal online gambling sites. If you think you have a gambling problem, please call 1-800-522-4700.
Best Online Sports Betting Bonuses In Colorado
While most Colorado sportsbooks offer bonuses, some are notable for new bettors. Here are the eight best welcome bonuses in Colorado:
- William Hill – Claim A $500 Risk-Free Bet
- BetRivers – Claim A $250 Deposit Bonus with 100% Match
- FanDuel – Claim A $1,000 Risk-Free Bet
- SportsBetting.com – Claim A $150 Deposit Bonus
- BetMGM – Claim A $600 Risk Free Bet Bonus – Use bonus code SHARP
- PointsBet – Claim A Two Risk-Free Bets, up to $2,000 – Use bonus code BIGBONUS
- DraftKings – Claim A $1,000 Deposit Bonus with 20% Match
- FOX Bet – Claim A $500 Risk-Free Bet
Online Sports Betting In Colorado
William Hill Colorado
Bonus: $500 Free Bet
Claim Bonus: Willaim Hill $500 Free Bet
Defense Dollars: Wager $50 or more on the pregame or full game spread on the Washington Huskies vs. Oregon Ducks game. Earn a free bet for your team’s defense:
- $1 per sack
- $2 per fumble recovery
- $3 per interception
- $7 per defensive touchdown
- $10 per safety
Remember, the risk-free bet must be used within seven days from the date it’s awarded. Don’t let that free bet go to waste!
BetRivers Colorado
Bonus: 100% up to $250 Deposit Match
Claim Bonus: BetRivers Sportsbook Bonus of $250
Colorado became the fourth state BetRivers launched in after Pennsylvania, Indiana, and Illinois. (It launched in Iowa shortly afterward, too.) BetRivers is owned by Rush Street Interactive, the same company that operates SugarHouse Online, but Coloradans won’t get access to that site. BetRivers has a number of loyalty perks and rewards to Colorado sports bettors and is offering up to a $250 match for deposits through our exclusive link. BetRivers will match each dollar bettors deposit with a site credit up to $250. Bettors also have to use that money to bet, with BetRivers releasing one site credit for every dollar in wagers. It has the best rate of reward among Colorado deposit bonuses. But it’s far from the largest.
FanDuel Sportsbook Colorado
Bonus: $1,000 Risk-Free Bet
Claim Bonus: FanDuel Sportsbook $1,000 Risk-Free Bet
FanDuel is another licensed daily fantasy sports company that entered thelegal sports betting industry in Colorado. You receive $5 in your account immediately upon signing up. You’ll receive another $5 upon making a deposit. FanDuel’s main welcome bonus is its $1,000 risk-free bet. You’ll receive a free bet for your first wager’s amount. If it loses, your account is reimbursed for the losses, up to $1,000. Winnings are eligible for cashout, but the site credits cannot be withdrawn.
SportsBetting.com
Bonus: $150 Deposit Bonus
Claim Bonus:SportsBetting.com $150 deposit bonus
SportsBetting.com launched in Colorado after partnering withJohnny Nolon’s. SportsBetting.com offers a 100% up to $150 deposit bonus for new customers.
Bonus: $600 Risk Free Bonus
Claim Bonus:BetMGM Sportsbook $600 Risk Free Bet Bonus – Use bonus code SHARP
Bet MGM is operated by MGM Resorts out of Las Vegas. It offers a risk-free bet up to $600. However, bettors must use their first bet to take advantage of this bonus. If bettors lose their first bet, then BetMGM will add risk-free bets to bettor accounts. If bettors wager $49 or less, they’ll get one risk-free bet that’s equal to their first bet. If bettors wager $50 or more, then bettors will get five risk-free bets that are each worth a fifth of their first bet. So, a $600 losing wager would get bettors six $100 risk-free bets. It’s a little confusing, but the bottom line is bettors will get their losing stake back in the form of risk-free bets.
PointsBet Colorado
Bonus: 2 Risk-Free Bets up to $2,000
Claim Bonus: PointsBet Sportsbook $2,000 Risk-Free Bets – Use Bonus Code BIGBONUS
PointsBet offers a little something different-a dual risk-free bonus bet offer. New accounts can receive two risk-free bets, one up to $500 on a fixed-odds bet, and $1,500 for PointsBetting. PointsBetting is a spread bet which allows bettors to wager on how much their team will cover the spread by. The reward multiplies depending on how far over the threshold your team is when the game concludes. If you can guess how much you’ll win, you can be rewarded exponentially. But it’s a tricky bet. Best of luck if you attempt it.
DraftKings Sportsbook Colorado
Bonus: 20% up to $1000 on deposit.
Claim Bonus:DraftKings Sportsbook Bonus of $1,000
DraftKings is best known in Colorado as a legal daily fantasy sports site. It’s been a licensed daily fantasy site in Colorado since 2016. Now you can bet on sports through DraftKings’ app and website.
New DraftKings sportsbook players can earn up to $1,000 in deposit bonuses. When making a deposit, bettors can earn $1 in site credits for every $5 they deposit, up to $1000. That means a $5,000 deposit would receive the maximum bonus. However, DraftKings also has a playthrough requirement. Bettors get $1 in site credits for every $25 they ager after depositing. Bettors have 90 days to meet the playthrough requirement to maximize this bonus. You’ll be rewarded in proportion to how much you deposit and wager, so make your first deposit and subsequent bets count!
Additional terms and conditions apply.
FOX Bet Colorado
Bonus: $500 Risk-Free Bet
FOX Bet offers new players a $500 risk-free bet on their first wager. However, it’s only good for your first wager, so make sure you don’t miss it. Bettors must place a bet on a line with odds of -200 or more to qualify. If you lose, you’ll get site credits that match your stake up to $500. If you win, then congratulations. Enjoy your winnings.
BetMonarch
Bonus: None available
BetMonarch is the first homegrown sportsbook to launch in Colorado, both owned and operated locally. The new app launched in May 2020, about a week after Colorado legal sports betting went live. As the name suggests, BetMonarch is attached to the Monarch Casino in Black Hawk, and bettors will also be able to place bets at the retail sportsbook in person once Colorado casinos reopen.
SBK
Bonus: None Available
SBK is an online sportsbook from Smarkets, a European sports betting company based in the UK. SBK launched on June 4 and gets its odds from its betting exchange overseas. That means that SBK’s odds are particularly competitive. But Colorado sportsbooks that offer bonuses or boosts can have better odds on certain lines than SBK.
Sky Ute Sportsbook
Bonus: None Available
Sky Ute Sportsbook is the online sportsbook from the Southern Ute Indian Tribe. Sky Ute Sportsbook launched on June 9 and is currently not offering a sign-up or deposit bonus.
Circa Sports
Bonus: None available
Circa Sports is an online sportsbook that started in Las Vegas at the D and Golden Gate. Colorado is its first online sportsbook outside of Nevada and promises to have high limits and great odds.
BetWildwood
Bonus: None Available
BetWildwood is an online sports betting site operated by Wildwood Casino. It offers no welcome bonuses and tends to have low odds compared to its competitors.
theScore Bet
Bonus: $1,000 Deposit Bonus with 5% Cash Back + $500 Risk-Free Bet
theScore Bet offers two welcome bonuses: the $1,000 deposit bonus and the $500 risk-free bet.
The deposit bonus rewards bettors for their first deposit, up to $1,000. But to unlock that bonus, bettors need to wager. Bettors get 5% cash back on every wager for 60 days to slowly unlock the cash bonus they earned from their first deposit. That means to get the full $1,000, bettors must:
- Deposit $1,000 on their first deposit.
- Wager $20,000 in 60 days.
Long story short, bettors will be rewarded in proportion to their play.
theScore Bet also offers a $500 risk-free bet. theScore Bet refunds your first bet if it loses for the amount bettors wagered, up to $500.
Elite Sportsbook
Bonus: $500 Risk-Free Bet
Elite Sportsbook is partnered with Red Dolly Casino. They are offering first-time users a $500 risk-free bet of up to $500 on their first bet. With a risk-free bet, the first bet is the one to go big on.
Betfred Sports
Bonus: $500 Risk-Free Bet
Betfred is a European operator that partnered with Saratoga to launch its online sportsbook in Colorado. Betfred is an official partner of the Denver Broncos and offers new players up to $500 risk-free bet when they sign up.
Superbook Sportsbook
Bonus: None Available
Superbook is a recent Colorado entrant that promises bonuses soon. Colorado is its first state after Nevada, and it’ll be heading into New Jersey next.
Colorado Sports Betting Sites Launching Soon:
888 Sportsbook
888 Sportsbook isn’t here yet. But when it is, it offers a $500 risk-free bet. However, that could change for Colorado before launching.
Top 10 Online Betting Sites
Bet365
Bet365 is a maybe, too. However, if it comes to Colorado, bettors would be able to claim a $100 first deposit bonus. It’d be the smallest deposit bonus in Colorado at that rate.
BetAmerica
Online Betting Free Bonus
BetAmerica is best-known as a horse racing betting company. It is owned and operated by Churchill Downs. It has been licensed in Colorado in the racing industry for years. However, its casino bonus is more generous than its sportsbook bonus. New casino players get a $500 deposit bonus. New sportsbook bettors get what appears to be a $50 risk-free bet.
Barstool Sportsbook
Barstool Sportsbook is opening a retail location in Colorado, but the app isn’t live yet. When it is, bettors can claim a $500 risk-free bet.
Colorado Sports Betting Promotions
Existing users can take part in sports betting promotions offered at many of the Colorado sports betting sites. Deposit bonuses reward bettors for how much they deposit and wager. Risk-free bets refund losing bets with site credits.
Best Online Betting Promotions
However, bettors will find ongoing bonuses that offer small wagers on popular games. There’s lots to see, so bettors should keep an eye out for new promotions.
Deposit Bonuses
Deposit bonuses appear the most enticing. They reward bettors for how much they deposit upfront. Sportsbooks seem to know that bettors who deposit money will use it, so it makes sense for them to incentivize large deposits. Deposit bonuses are awarded at a rate expressed as a percentage. A 20% deposit bonus, like DraftKings’, awards 20% of a bettor’s deposit in site credits. So, a $100 deposit would earn $20 in site credits.
However, deposit bonuses often have playthrough requirements, too. Bettors need to actually use the money they deposit before unlocking their bonuses. theScore Bet awards 5% of a bettor’s wagers up to the amount they deposited upfront. That way, sportsbooks ensure bettors are actually wagering.
Risk-Free Bets
Ironically, risk-free bets require bettors to risk their own money upfront. Risk-free bets reimburse bettors for how much they lose on their first bet. The advertised amount is often the maximum bet that bettors can be reimbursed for in full. So, a $500 risk-free bet often means that bettors can lose $500 on their first bet, then get that money back in site credits. That’s the deal bettors can find at Fox Bet. However, bettors can’t withdraw the site credits. Bettors can only get their winnings in the bank. Since these bonuses are often only good for the first bet, new bettors often miss the chance to use them. Don’t be one of them. Plan the first bet carefully.
No-Deposit Bonuses
These are small, unremarkable bonuses that bettors receive upon sign up. However, these are in the form of site credits, too. They’re not free money for bettors to withdraw and use as they please. Bettors must use those credits to wager at their sportsbook or forfeit them. They’re usually not larger than $50, so don’t get too excited about them. Barstool Sportsbook offers a $10 no-deposit bonus for signing up, knowing they’ll win that money back over time. However, they can help new and nervous bettors try betting for the first time. Sportsbooks likely use these to lure the most cautious of new bettors in, hoping they’ll wager more after using these first site credits.
Ongoing Event Bonuses
These are other small bonuses that are tied to specific events. BetMGM offers a deal where bettors wager $50 on college basketball and get a $25 free bet for college football. Little bundles like these help spread bets over all the events sportsbooks need money on.
How To Claim Online Sportsbook Bonuses In State
Claiming bonuses tends to be straightforward. First, bettors have to find the online sportsbook app they want to wager at. That’s as easy as googling the website or searching the app store. Keep in mind that some brands have state-specific apps. If the Colorado app is available, choose that one. And don’t mistake a daily fantasy sports app for a sportsbook. They’re not the same.
After that, bettors must register for accounts. Creating accounts is similar to any other website. However, sportsbooks require part or all of a bettor’s social security number. That may seem strange to new bettors. However, it’s part of an identity verification step that all licensed Colorado sportsbooks must adhere to. No one wants to award money to money launderers, after all.
Once bettors are registered, they just have to fulfill the first terms of the welcome bonus. That could mean different things for different bonuses and sportsbooks. For example, DraftKings and theScore Bet both offer $1,000 deposit bonuses. However, they have different ways to unlock the full bonus. DraftKings requires a large deposit upfront followed by a 25:1 playthrough requirement. But theScore Bet only requires a 20:1 playthrough. That means earning the full deposit bonus requires $5,000 less at theScore Bet than at DraftKings.
But risk-free bets come with their own terms, too. Their terms often hinge on the first wager. That means planning to bet big later is a poor strategy for fulfilling those terms. Read up on bonus terms before wagering if you want to take advantage of them.
Once the terms are fulfilled, bettors will find the bonus in their accounts. That could be site credits for additional betting or risk-free bets worth redeeming. Bettors should check their accounts and betslips if they’re looking for the rewards they reaped from their sportsbook bonus.
Colorado Sports Betting Bonus FAQs
21. While daily fantasy sports players only need to be 18, sports bettors must be a little older. This staves off a potentially thorny legislative issue. The idea of high school seniors gambling online is unsettling, even to gambling supporters. Raising the sports betting age got around that and likely helped keep mobile sports betting out of high schools.
Yes. Because bettors create separate accounts at each sportsbook, they can claim each sportsbook’s bonus. However, they can only claim bonuses once. Each sportsbook account is tied to a social security number. It’s hard to fake two accounts. Even if bettors could borrow a social security number, sportsbooks would suspend that account if they suspected that it was the same person. Sportsbooks have massive sets of data to use to identify duplicate accounts. Fooling them isn’t as easy as bettors may think.
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Each playthrough requirement can differ from sportsbook to sportsbook. However, most of them are associated with deposit bonuses. After fulfilling the deposit requirement for a deposit bonus, bettors often have to wager their money to unlock site credits. They can take the form of fixed site credits per dollar wagered or a percentage of wagered dollars. Bettors must understand each bonus to learn how they wish to fulfill their playthrough requirements.
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Bonus abuse is using multiple accounts to benefit from bonuses multiple times. Sportsbooks anticipate a certain return-on-investment from their bonuses. They expect to spend a little money to retain bettors over their full customer lifetimes. But those calculations assume one bonus per sportsbook. Any more than that is theft.
As long as bettors aren’t creating multiple accounts to profit from different bonus terms, then they’re fine. They can create single accounts at multiple sportsbooks, but creating multiple accounts at any sportsbook will get them in trouble.
DraftKings Sportsbook offers a $1,000 deposit bonus at a 20% match rate. If bettors deposit $100, they can earn up to $20 in site credits. However, bettors also have to use the money to bet. DraftKings requires its bettors to play $25 to earn each $1 of site credit. In the $20 example, a bettor would need to wager $500 for the bonus credits. For the full $1,000, bettors would need to play $25,000. Bettors are rewarded based on how much they deposit and play. As long as bettors are wagering at the pace they’ll normally wager, they’re getting a fair value of the bonus.
FanDuel offers a $1,000 risk-free bet to its new bettors. If a bettor’s first wager loses, then they’ll get site credits back equal to their losing bet, up to $1,000. Betting big on the first wager may be a good value for bettors with cash to spare. However, site credits are not the same as winnings. Bettors can withdraw winnings from their accounts. They cannot withdraw site credits. Bettors can only use site credits for betting on FanDuel.
Sometimes. Some sportsbooks require bettors to use their bonuses on bets with certain odds. Colorado sportsbooks usually set the minimum odds around -200. That way, sportsbooks don’t lose too much money giving away bonus credits and paying additional winnings. Each sportsbook bonus has its own terms, but this is the most common one. Bettors have to watch for these on risk-free bets more than anywhere else. Otherwise, bonus terms should be largely clear.