Sportsbook Promo & Bonus Codes

Almost every single online sportsbook in the US will offer sports betting bonuses to its customers. These can vary in the amount of money on offer, how you claim them, and how to withdraw your winnings. There is a lot of information to navigate but thankfully, I've done the hard work for you.

I've spent hours looking through the best sportsbooks in the US, as well as analyzing some of the lesser known names, to make sure everything you need to find the best sportsbook bonus for you is on this one page.

There's a lot to take in and a lot of bonus money up for grabs, so you could come away with multiple offers to claim! I've done the rounds and signed up to pretty much all of the online sports betting sites available, and I'm very jealous of anyone who has their pick of these sportsbook bonuses as they can sign up for as many as they want.

Best US sportsbook bonuses

To produce a conclusive list of the best betting offers available in the US, I've worked with the team at Oddspedia to ensure every betting site is analyzed, and every sportsbook bonus is meticulously reviewed to see how much value it offers you as a customer.

I've looked at all the sportsbook promo codes, gone through every welcome bonus step-by-step, examined how the different bonus bet credits work, and looked at when sportsbook bonuses expire. There have been hundreds of betting promotions to evaluate but I am now confident that the Oddspedia team and I have found the answers that you are looking for.

Top 5 betting offers

Caesars Sportsbook

The Caesars Sportsbook new customer offer is certainly a top tier sportsbook bonus. The $1,000 First Bet on Caesars is available to all new customers who use the code ODDSBONUS1000. You can read Oddspedia's Caesars Sportsbook promo code article to get all the information you need to claim this offer. In short, if you place your first bet on Caesars and it doesn't win, you will be credited your full stake (up to $1,000) as bonus bets.

There is a lot more sports betting bonuses at Caesars Sportsbook beyond its welcome offer. You can get additional bonus bets, odds boosts, parlay insurance as well as many other sports specific offers. If you're looking for more reasons to join, you can read Oddspedia's Caesars sportsbook review. I've provided some of the most important info below though.

• Sign up bonus: $1,000 First Bet on Caesars
• Promo code: ODDSBONUS1000
• App rating: 4.6 (iOS), 4.2 (Android)
• Payout speed: 1-5 days

DraftKings

DraftKings is offering one of the best sportsbook bonuses around. It's two bonuses in one. You will get $200 in bonus bets from a $5 wager, regardless of whether that wager wins or loses. In addition to this, you can get $150 in "No Sweat Bet tokens" with DraftKings Sportsbook on NFL game days. There is $50 as bet insurance available on an NFL game day and you can use it up to three times. So, if your bet loses each time, you will get a total of $150 back in bonus bets.

Oddspedia's in-depth DraftKings sportsbook review has plenty more information on what one of the biggest names in the industry has to offer. For me, the sign-up bonus is more than enough to get going.

• Sign up bonus: Bet $5 Get $200 + $150 in No Sweat Bets
• Promo code: No code required
• App rating: 4.8 (iOS), 4.6 (Android)
• Payout speed: 1-5 days

bet365

If you're looking for one of the best sportsbook bonus codes in the world of legal sports betting, look no further than bet365. If you use Oddspedia's bet365 bonus code ODDSBONUS, you can get $365 in bonus bets with just a $1 wager. After you place your first $1 bet with the online sportsbook, you’ll automatically be credited with $365 in bonus bets.

One of the reasons I love betting with bet365 is the all-round experience you get from the sportsbook. Odds are always competitive, there is a huge list of sports and market options, and the live betting product is probably the best there is. You can get boosted odds every day of the week and take advantage of early payout offers across most sports.

• Sign up bonus: Bet $1 Get $365 in Bonus Bets
• Promo code: ODDSBONUS
• App rating: 4.7 (iOS), 4.5 (Android)
• Payout speed: 1-5 days

If you want more information on exactly what bet365 has to offer, you can read the detailed bet365 sportsbook review on Oddspedia.

FanDuel

FanDuel are well known for delivering when it comes to supplying its customers with top quality promotions. You can get a fantastic welcome bonus without even using FanDuel promo code. If you deposit funds after opening your FanDuel sportsbook account and bet $5, you will automatically get $200 in bonus money (which, like most sportsbooks, FanDuel refers to as bonus bets).

I’ve also found that there is a lot more boosted odds on the FanDuel sportsbook compared to many other betting sites. The sign-up offers are great, but there is also a lot of value in these types of ongoing promotions. Oddspedia's FanDuel sportsbook review highlights plenty of these extra value adds that you can get if you join FanDuel.

• Sign up bonus: Bet $5 Get $200 in Bonus Bets
• Promo code: No code required
• App rating: 4.8 (iOS), 4.7 (Android)
• Payout speed: 1-5 days

BetMGM

As one of the most well-established online betting sites in the US, BetMGM has a history of offering some of the best sportsbook promos. In terms of the amount on offer, no one comes close. You can get $1,500 in bonus bets with the BetMGM bonus code ODDSBONUS. This welcome bonus works as a second chance bet, so you can get the full amount back if you wager $1,500 and that first bet loses. If your first wager is $100, you will get $100 back.

• Sign up bonus: $1,500 Paid Back in Bonus Bets, If You Don't Win
• Promo code: ODDSBONUS
• App rating: 4.8 (iOS), 4.4 (Android)
• Payout speed: 1-5 days

Best sportsbook promos this week

In addition to all the welcome bonuses on offer at the different online sportsbooks, there are plenty of other promotions going on this week. Many of them don't require any sportsbook promo codes to claim. While I can't list every single one, I've listed some below that I'll be taking advantage of over the next seven days.

FanDuel's Dinger Tuesday promotion

FanDuel is offering up another great sports betting promotion this week, and it's one that I've been using throughout the MLB season - which makes it a shame that we're now reaching the closing stages! If you place a $25 cash wager on the "to hit a home run market" on any MLB Tuesday game, you will get $5 in bonus bets for every home run that is scored in that game, no matter which player or team hits the homer.

BetMGM 50% MLB odds boost

On the theme of MLB, BetMGM is currently giving customers a 50% odds boost token to use on the MLB. Just load up your bet slip with your favorite MLB wager and apply the token before placing the bet. You'll then get an extra 50% on top of what the bet would have originally returned.

DraftKings Sportsbook 50% profit boost

If you bet on the WNBA this week you can get a 50% boost on a same game parlay wager. Simply build your wager and then select the token that is made available to boost your potential payout by 50%.

There is also a special for Kentucky sports bettors this weekend with boosted odds of +100 on a touchdown to be scored in the Detroit Lions @ Green Bay Packers game, the Cincinnati Bengals @ Tennessee Titans game, or a point to be scored in the Florida Gators @ Kentucky Wildcats game. You can only place these bets once on each game, with a single use token available under DK Specials.

BetRivers Squares

You can enter a special addition of the BetRivers Squares game this weekend for NCAAF and NFL. If you place $10-$24.99 in same game parlay wagers you will receive one entry. If you wager $25 to $49.99 on same game parlays you will get two entries and $50+ will get you three entries. 

Squares games will feature 100 unique squares, with one square being a winner. Each winning square will earn you a bonus bet or bonus money, and it could be worth up to $10,000. If you want more information on how the Squares game works, you can read Oddspedia's BetRivers bonus code article.

How we pick the best sportsbook promotions

Working through the list of all the sports promos and bonuses obviously takes some time, and determining which ones are the best for sports bettors also requires a lot of effort. This analysis includes looking at the amount on offer, the mechanics of the promotion, how easy it is to claim, what additional requirements you have to work through as a bettor, and how long it takes to get your bonus money.

Oddspedia has a huge team of experts that have a wealth of experience in the sportsbook betting market. They have worked on the inside to see how these bonuses are created and managed, been professional bettors and worked out the nuances of offers to be able to beat the system and put together countless education materials about every aspect of sports betting.

This team works together to conduct meticulous research, with the help of Oddspedia's thousands of sports betting data points, to determine which offers are worth claiming and which ones provide the best chance of giving you a positive return on your investment. Thanks to its work with betting sites, Oddspedia can also provide exclusive sportsbook promo codes to ensure you get the best possible sports betting bonuses.

How to use sportsbook promos

Looking through all the sportsbook promo codes and bonuses is important, but that's not the end of your journey to seeing bonus money hit your sports betting account. Figuring out how to use these promotions is another critical step that is sometimes overlooked.

If you don't know how to use your deposit bonus or bonus bets properly, you won't be able to get the full extent of the value on offer. That's why I've taken some time to break down the steps to claim these offers so you can really get the most out of them.

1. Choose your sportsbook promo

Once you have navigated the sea of sports betting promo codes and found the sportsbook bonus you want, you then must begin the important task of following the correct steps to claim the offer. Fortunately, most sportsbook promos follow very similar steps to get your bonus money.

2. Register

It seems obvious, but you do have to sign up to an online sportsbook and become a customer to get any sports betting promo. Completing a sign-up form for an online sportsbook is usually very straightforward. Just enter some personal details, confirm your identity, and protect your account with a password and you're pretty much there. Most sportsbook promo codes or bonus codes will have to be entered at this stage so make sure you have checked Oddspedia and got the right promo code before continuing.

3. Check T&Cs

Sports betting is like any other service in that there will be terms and conditions that you have to agree to before being able to open an account. I know many people tick those boxes without really paying attention, but I cannot stress enough the importance of checking the T&Cs before trying to claim your bonus.

I know people that try to withdraw sportsbook bonuses and only then realize what is required to get the bonus money that is advertised. You should never look at promotions as risk free bets. Every part of sports betting is a gamble, and you should treat sportsbooks offer bonuses as part of this.

4. Deposit

There are some instances where you can get a bonus without depositing but this is a rare occurrence. Adding funds to your sportsbook account is a critical step in being able to get the promos and bonuses from any of the top sportsbooks, even if you've entered a promo code.

The required deposit amount will vary, and it can be as little as $5 or $10. However, if you want to claim the full sign-up bonuses at the likes of Caesars Sportsbook or BetMGM then you will have to deposit $1,000 and $1,5000 respectively.

5. Bet

Once you've signed up with your promo code (if applicable), have a full understanding of the T&Cs and have made the required deposit, you are then ready to place your bet and get your bonus. Some deposit match offers may not require this step and you might have extra funds already, but if you do need to place a wager, like with the Caesars first bet offer, make sure you know how much you need to bet to get the most out of the promotion.

Types of sportsbook promotions

Sportsbook bonuses are a huge part of legal online sports betting in the US, and many other parts of the world. Whether you're new to betting or looking to create an account with another betting site, people are constantly looking for the best sportsbook promotions or latest sportsbook promo codes. An important step in finding a good sportsbook bonus though is knowing more about all the different types of sportsbook promotions. That's why I've detailed them below.

Sign up bonuses

There are many different sportsbook promos that will be classed as sign-up bonuses. This is a catch all term for all the sportsbook bonuses that are offered as part of a sign-up incentive, and they are often called a welcome bonus. That means you only qualify if you are a new customer. You are no longer eligible to claim sign-up bonuses once you are a customer, so make sure you take advantage of the new customer betting promotions on offer once you join.

Deposit bonuses

A deposit bonus, or deposit match bonus, is one of the most common sportsbook promotions. It works by either matching your first deposit or part of it. The funds that you get as part of this type of sportsbook bonus will often come back as bonus bets or bet credits (we'll get into those shortly). An example of a deposit bonus would be if you deposit $100 with a 100% match, you'd obtain an added $100 for wagering.

Where sportsbooks may not always offer a 100% deposit bonus, I would advise that you always carefully look at exactly what is being offered. Even if it's 20%, this still could be advertised as a "deposit match bonus".

No deposit bonuses

No deposit offers used to dominate the world of sportsbook bonuses, but this has changed dramatically in recent years. It's now exceedingly difficult to find sportsbook promos that don't require a deposit to get the reward. The exception here is when states are preparing to launch legal sports betting, the betting sites that are going live will sometimes start with welcome bonuses that do not require a deposit.

The most recent example of these are the sportsbook bonuses that were made available when Kentucky was about to launch online sports betting. You can see some examples of these below.

Bonus bets

Bonus bets have quickly become the go to sportsbook promos. These are one of the best sportsbook promotions for bettors as you normally get more back than your initial deposit or wager. Sometimes up to 4000% more!

Bonus bets can form part of an introductory offer or be given out as a loyalty reward to existing customers. They are credits to use for betting and can range from $5 to $50 in value (sometimes sportsbooks will give you multiple $50 bonus bets at once).

Bonus bets work in very much the same way as standard wagers. The main difference is that the stake is a credit. Therefore, if your bonus bet wins instead of receiving the stake plus profit, you will only get the profit back as withdrawable funds. One thing I would urge anyone who is looking to claim sports betting promos that offer bonus bets is to look at the wagering requirements. Sometimes you might have to bet at minimum odds or bet the funds multiple times over before you can withdraw them.

You can use Oddspedia's FanDuel promo code article to find out how to unlock one of the best bonus bet offers available at the moment. If you wager $5, you will get $200 back in bonus bets! It doesn't matter if that $5 wins or loses, FanDuel will credit your account with $200 in bonus bets straight away.

Bet credits

As previously mentioned, bet credits are similar to bonus bets. In fact, they often refer to the same thing with the name simply varying based on the sportsbook's preference. They function as an account credit, an amount you haven't deposited from your own funds, which can be used for betting, and any profit made is yours.

Though it's common for betting credits and promotional wagers to be interchangeable terms, I would strongly advise reviewing the terms that apply to your bet credits as they may be different to bonus bets you have used at another sportsbook. And vice versa. It is also important that you don't treat wagers that are used to earn bet credits as a risk free bet. That first bet has cost you money and you should see that as part of the cost of getting your bet credits.

You can currently get $365 in bet credits after betting just $1 with Oddspedia's bet365 bonus code. If you enter the code ODDSBONUS when signing up, you will automatically qualify for this offer and get $365 in credit added to your account after placing your first $1 wager.

Second chance

A second chance offer is a promotion that features bet insurance. This is when a sportsbook provides you with another shot at placing a successful bet after an initial wager. This type of promotion only applies when you lose a bet. The offers become invalid if the bet you are placing as part of the promotion wins. Once your initial wager is settled as lost, the sportsbook matches the original stake (up to a specified amount) and credits it back, giving you a "second chance".

Currently, BetRivers is one of a few sportsbooks that offers a second chance bet. If you use Oddspedia's exclusive BetRivers bonus code ODDSPEDIA when you sign up, your first bet of up to $500 will be covered as part of the second chance offer.

Reload bonuses

Reload bonuses are like deposit bonuses, but they tend to target existing customers. The reload bonus doesn't apply to your initial deposit but for when you top up (or "reload") your account balance.

The value of a reload bonus and how often you can get them will usually depend on your level of loyalty to a specific sportsbook. The more bets you place and the more money you wager, the more likely a sportsbook is to reward you with a reload bonus. Typically, they are a percentage of account deposits (around 10-20%), but they can go up to 100%.

Odds boosts

Odds boosts are another great innovation in the world of legal online sports betting. This type of sportsbook bonus enables you to increase ("boost") the odds for a bet you want to place to increase your profit if the bet wins.

You won't normally have to use a promo code to claim odds boosts, they will just be available in your sportsbook account once you have signed up and started betting. They may not be as appealing as the big deposit match offers, but odds boosts are a great way to get even more out of your experience with a sports betting site.

DraftKings is one of many sportsbooks that will give you an allocation of bet boosts to use over a week. These are highlighted in specific markets, and you can simply apply the boost to a qualifying wager and get up to 25% additional profit.

Bet insurance

Bet insurance can work in the same way as second chance bets when offered as part of a welcome bonus, much like the $1,000 First Bet on Caesars offer. However, they can also be applied to normal wagers as an existing customer. Parlay insurance is one example of this where if you a single bet has multiple selections, you can get your stake back as a bonus bet if only one of those selections lets your bet down.

Loyalty bonuses

Loyalty is a massive thing in online sports betting and it's another way that you can get a bit more bang for your buck as a customer. Whether it's additional bonus bets with Caesars Sportsbook or the chance to win tickets or resort visits with BetMGM, there are plenty of loyalty bonuses that you can take advantage of.

Sometimes these are offers open to all existing customers, but you will often find you get more offers and more valuable incentives if you bet more with these online sportsbooks.

How do sportsbook bonuses work?

Different online sportsbooks will offer different types of offers. Whether it's deposit bonuses, welcome bonuses, bonus bets, a deposit match, whatever it might be. One thing you have to do is know how these sports betting promos work. It's not just a case of entering your sportsbook promo codes and away you go.

There might be specific terms and conditions or requirements that could lead to a surprise later down the line. I've experienced it in my early days when I went to withdraw some of my winnings, only to realize I hadn't met certain requirements with different sign-up bonuses.

You might be drawn into the big money figures, but I honestly think that only the best sportsbook promotions have limited requirements attached and make things super clear when you are trying to claim them. I've explained some of the things you might encounter when looking at sports betting promos to help you understand more.

Minimum odds

Minimum odds are one of the most common things you'll see in the T&Cs of sportsbook promos. These are applied to stop customers from just taking the funds from the bonus and withdrawing them straight away. I have to say, the minimum odds applied are usually fair, often in the region of -500 or more. If you regularly bet the spread or total on NFL odds or NBA odds, then this won't be a problem. This is because these markets are usually prices around -110.

Minimum deposits

As you will have seen from the detail behind most of the sportsbook promo codes in this article, there are only a few cases where you don't have to deposit to claim the bonus. Some like FanDuel Sportsbook and DraftKings Sportsbook will be very low minimum deposits ($5), while deposit match offers require more to get the full extent of the bonus.

Playthrough requirements

In addition to minimum odds, some online sportsbooks will add playthrough requirements as a form of protection against bonus abuse. This works by making customers bet the bonus funds a certain number of times before it can be withdrawn. So, if you have $100 deposit bonus, you may then have to play through it five times (shown as "5x playthrough"). This means you have to wager a total of $500 before you can withdraw any of the money out of your sportsbook account.

Rollover requirements

Rollover requirements are very much the same as playthrough requirements. The difference is that playthrough is the total amount while rollover is how many times you have to wager the bonus money. Once you have your bonus bet or claimed your deposit match, you then might have to roll the funds over a certain number of times. If you see a "3x rollover requirement" on a sports betting site and you have $50 in bonus funds, you then have to wager a minimum $50 three times over to be able to withdraw any money from your account.

Offer expiry

It's common for sportsbook promotions to have an expiry date. Betting sites only see the benefit of the bonuses they provide once you start betting and one way to encourage that is to put an expiry on the offer. You normally have around 30 days after opening your account to claim your bonus. Once bonus bets are added to your account, you will likely have to use them within seven days.

Why do sportsbooks offer promotions?

The number of online sportsbooks in the US make it an incredibly competitive market. This is great news for bettors as the companies are then vying for your business and competing to get you to sign up and bet with them. This is why there seems to be an endless supply of sportsbook promo codes.

The thinking behind offering a sportsbook bonus is that it will get you to try the product and from there, the experience and quality of product offering will encourage you to stick around and continue to use the services offered. I've experienced this firsthand; I've signed up to some sportsbooks with the intention of not using them long term only to then realize how good they are. I might have signed up to get a welcome bonus and only use my initial bonus bets, but I'm still betting with those sportsbooks’ years later.

Promotions by state

One thing that makes the US slightly different to other countries is that the legal sports betting framework means each state will have slightly different rules. This means that sportsbook promos can different slightly from state to state. Oddspedia has conducted thorough research to put together a breakdown of the best sportsbook promotions for each state that offers legalized online sports betting to help working through this information as easy as possible.

• Best Arizona sportsbook promos
• Best Illinois sportsbook promos
• Best Kentucky sportsbook promos
• Best Louisiana sportsbook promos
• Best Maryland sportsbook promos
• Best Massachusetts sportsbook promos
• Best Michigan sportsbook promos
• Best New York sportsbook promos
• Best Ohio sportsbook promos
• Best Pennsylvania sportsbook promos

Promotions by sport

When you use sportsbook promo codes to get a deposit match or bonus bet, you will usually have the freedom of choice with what sport to bet on. That said, sports betting sites do also offer plenty of sport-specific promotions that you can use. I've found that the offers are at their best at the start of the season, but most sportsbooks will offer some form of promotion for every major sport if there is action on the field, court, or ice.

NFL promos

You can use any of the sports betting bonuses listed above on the NFL. You can also unlock additional NFL promos once you have signed up and started betting with some of the best NFL betting sites. FanDuel currently has a profit boost on select NFL games each week, usually the Thursday Night Football, Sunday Night Football or Monday Night Football games. The sportsbook also has a No Sweat same game parlay offer where if you bet with three or more selections (and odds of +400 or more) loses, you will get your stake refunded.

bet365 also has a great early payout offer where if your NFL selection goes up by 17, the bet will get paid out as a winner. If it's part of a parlay, that selection will still count as a winner in your wager. You can also get boosted odds at bet365 on the NFL with an incredible 70% parlay boost offer.

Although it's not one of the consistent promos and bonuses, I do really like BetMGM's favorite team offering. Just choose who your favorite team is in the NFL and BetMGM will give you special offers for games involving that team, as well as the odds bonus bet to use those games.

NBA promos

The NBA regular season is yet to get going so there isn't much in the way of confirmed bonuses and promos from sportsbooks. If we use last season as the benchmark, you can expect just as much as the NFL when it comes to special offers from the best NBA betting sites. FanDuel came through with No Sweat tokens for specific games, as well as additional profit boosts on single wagers or parlays. Other sportsbooks will also likely run many of the same offers as last season, with bet365's early payout if your team takes a 20 point lead one of the standout promotions for me.

NHL promos

In the NHL, we're in a similar situation as the NBA. We're waiting on the season to get going, and normally, promos and bonuses are only confirmed a week or so out from the action getting under way. If you bet with some of the best NHL betting sites from the start of the season, you will likely find offers applied to your first bet, and there will also be plenty of second chance bets on the table from the likes of FanDuel, DraftKings and BetRivers. Profit boosts from these sportsbooks, as well as bet365, DraftKings and Caesars Sportsbook are also very much expected.

MLB promos

As we get to the crucial part of the MLB season, there are plenty of promotions to choose from. Once you have signed up to any of the best MLB betting sites, you won't need any kind of promo code to claim the bonuses, these are available to all customers. You can get 50% extra profit with BetMGM and a 70% parlay boost on bet365. If you're looking for second chance bets, then DraftKings Sportsbook is the place to go, with No Sweat tokens that can be used on your chosen MLB.

You can also earn more bonus bets on the FanDuel sportsbook through the Dinger Tuesday promotion. Place a $25 wager on a player to score a home run and you will earn a $5 bonus bet for every home run hit in that game. BetRivers is one sportsbook where you can get bet insurance and second chance bets on MLB. If you place a parlay with four or more selections, the sportsbook with refund your stake if one leg loses.

Savvy sports bettors can also take advantage of bet365's early payout offer in MLB. If the team you bet on takes a five-run lead, then your bet will automatically be settled as winner. It doesn't matter if a team is able to turn it around and get the win after trailing by five, your bet will still be classed as a win.

NCAA promos

We've already seen bet365's early payout offer come up a couple of times, and this is one that you can also use for betting on college football. If your team goes 17 points up, you wager will be settled as a winner. FanDuel Sportsbook is also offering a profit boost on a nominated NCAAF game each weekend. You can claim a 50% profit boost token and then use it on a wager for the nominated game to get even more profit if your wager wins.

If you're looking for more NCAAF bonuses, you can check out Oddspedia's list of the best college football betting sites.

Most of the best college basketball betting sites will put on free games for things like March Madness. Normally, some kind of free to enter bracket prediction contest that has $100,000s in prize money if you somehow manage to get it right.

Pros and cons of using sportsbook promos

The pros of using a sports betting bonus are quite clear. Getting additional funds to use the service is a fantastic way to get to know the online sportsbook you're betting with, while also boosting your chances of making a potential profit.

In my experience, the cons of bonuses and online sports betting only really comes down to whether you have fully understood the terms and conditions of the offer. I have been frustrated about playthrough requirements or not meeting minimum odds with my bonus bets, but had I taken the time to understand that those terms were part of the promotion, then it wouldn't have been a problem.

Sportsbook bonuses: Key information

Now that we've looked through all the best sportsbook bonuses, it's time to summarize the key information. There seems to be a constant supply of promo codes and bonus codes, first bet offers, second chance bets, and much more across the sports betting market. But I'll leave you with my most important takeaways.

Sportsbook promo FAQs