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Best Sportsbook Promos & Bonuses

Only applicable to US-based users. The best promo codes and deposit bonuses available at US sportsbooks.

Find the Best Promo Codes

  • $1,250 On Caesars + 1000 Tier Credits + 1000 Reward Credits®
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Caesars Review

If your first qualifying wager loses, Caesars will credit you a free bet equal to the value of your first wager up to $1,250, plus get 1,000 Tier Credits and 1,000 Reward Credits® win or lose.

  • $1,000 Risk-free Bet
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BetMGM Review

If your first qualifying bet loses and it is in an amount greater than $50, you will receive five (5) free bets back in equal denominations of 20% of the total amount of the qualifying bet up to $1,000.

  • $1,000 "No Sweat First Bet"
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FanDuel Review

Offer valid for new players who sign up for a sportsbook account on the FanDuel betting app. If your first bet wins, you get no bonus money. If your first bet loses, FanDuel will give you a free bet credit in the amount of your first wager up to $1,000.

  • 20% Deposit Match up to $1,000
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DraftKings Review

DraftKings features a 20% first deposit match up to $1,000. In this case, you must deposit $5,000 to be eligible to receive the maximum possible bonus amount of $1,000.

In addition, new customers can place a wager of $5+ on any moneyline and receive $150 in free bets if the bet wins. Promo runs from 11/20/2022 to 12/30/2022.

If your bet wins, you will receive $150 in free bets, in addition to any cash winnings from your original wager once it settles Your first placed wager of $5+ on any pre-game moneyline will be your qualifying wager Bonus paid as six (6) $25 Free Bets Free Bet also not redeemable for cash, non-transferable, and non-refundable

  • Bet $1 & Get $200 in Free Bets
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bet365 Review

Sign up, deposit $10 or more, and then claim the offer. To activate your free bets, you must place a bet of at least $1. Once that is settled, $200 in free bets will be added to your account.

PointsBet Review Logo Online since: 2015
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  • 5 Free Bets up to $500
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PointsBet Review

Get up to five $100 Free Bets during your first five days with PointsBet.

  • $1,000 Risk-free Bet
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Barstool Sportsbook Review

Barstool Sportsbook offers a $1,000 risk-free bet for new users in most regions.

  • Risk-free Bet up to $250
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Betway Review

The $250 risk-free bet Betway offers is modest in terms of its monetary value – and is only awarded to players whose first wager loses. As signup offers go, this one lags behind the top competition in the U.S. Betway also comes up short in terms of ongoing promos, with modest parlay boosts making up the majority of their ongoing enticements.

  • $1,000 First Bet Match
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SuperBook Review

SuperBook offers new players a 100% First Bet Match of up to $1,000.

  • Bet $100, Get $100
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WynnBET Review

The offer most players will find at WynnBET is a paltry $100 bet & get. Their offers vary by state, so read our full review for more info.

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Betting Offers

Sportsbooks offer bettors a wide range of enticing bonus offers in a bid to stand out in a highly competitive market. You can therefore benefit from all manner of free bets, boosted odds promotions, risk-free wagers and more. These sportsbook bonuses can help you swing into a profit over the course of the year, so it is essential to snap up as many of them as possible. However, there are wagering requirements, terms, and conditions that you need to bear in mind, so we have created this sportsbook bonus page to help you understand what is on offer. Read on to learn more about the exciting offers you can take advantage of today at some of the best sportsbooks in the world.

Sign-Up Bonus Offers

Hundreds of betting sites are all vying for your business, and they must work hard to stand out from the crowd. The vast majority of sports betting sites provide attractive betting sign-up offers to tempt new customers. These are the critical welcome bonus offers that you should familiarize yourself with.

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Matched Deposit Bonus Offers

You generally have to deposit some of your own money into a new account before you can unlock a sports betting bonus. This is called a match bonus. For example, betting sites might offer you a 100% cash bonus if you sign up for a new account. That means it will give you 100% of the amount you deposit in the form of a free bet. If you deposit $100 of your own money, you will receive $200 in credit to play with.

Alternatively, a sportsbook could offer a 50% match deposit. In that case you could deposit $100 and receive $150 to play with. Some sports betting sites offer 150% or 200% matched deposits, while the best online sportsbook might go to 300% or 400%, but they may only allow you to deposit a small amount when seizing this free bet bonus.

You will notice that each betting site has a minimum and maximum deposit amount for anyone that wants to take advantage of a first deposit free bet bonus offer. For example, one site might offer a 100% matched deposit up to $250, while a rival site could offer a 50% bonus up to $1,000. In the first case, you would be able to deposit $250 and receive $500 to play with. In the second case, you could deposit $1,000 and receive $1,500 to play with.

You can only qualify for a sign-up bonus if you are a new customer. You often have to enter a promo code to unlock these bonus funds.

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No Deposit Bonuses

This is a risk-free bet promotion. It essentially allows you to place a risk-free wager without having to deposit any of your own money. If your risk-free bet wins, your winnings will be added to your account balance, and you can keep playing. If your risk-free bet loses, you can walk away without losing any of your own money.

Why would a betting site offer a risk-free bet? The idea is that you will be so impressed with the sports wagering platform after betting for free that you will decide to remain a long-term customer, deposit real money, and play various different markets. Some sports betting operators believe that getting your foot in the door is half the battle. They lure you in with a risk-free bet and sell themselves in a short amount of time to encourage you to stick with them.

You may find that a sports betting site offers subsequent bonuses after giving you a risk-free bet in order to give you another incentive to stay. A no deposit risk-free bet is an appealing bonus offer for anyone that bets on sports, and it is well worth snapping them up when you see them. We will always highlight no deposit risk-free bonuses alongside match bonus offers and other free bets at SBR.

Another bonus badged as a “risk free bet,” but you actually have to deposit your own money. You might be encouraged to deposit $30 and place a wager. If you win, the winnings are added to your balance. If you lose, you will be given a $30 free bet, allowing you to have another go. The sportsbook might refer to this as a “risk-free bet,” although it does require you to risk your own money.

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Boosted Odds Bonus Offers

Many sports betting operators will offer boosted odds promotions in a bid to generate new business when a big sporting event looms. This is particularly common among European betting sites. If Liverpool has a big game against Everton in the Premier League and is the heavy favorite to win, you might see a sports betting operator offer boosted odds of 50/1 on Liverpool winning.

The offer will be limited to new customers, and you will generally only be able to wager a small unit such as $1 at those boosted odds. You will also have to deposit some of your own money to unlock the bonus. If you win, you will be paid in the form of free bet credit instead of real money that you can instantly withdraw. These boosted odds bonuses are often available on soccer and tennis. Still, you can find some NFL or UFC boosts too.

Sportsbooks will run other creative bonuses to tempt new customers. You might find you can bet $10 on the first quarter-final clash at the US Open tennis tournament and then receive a subsequent free $10 bet on each of the remaining quarter-finals. You might alternatively receive double the odds on your first bet. These free bet offers are again more common among European sportsbooks, but US-facing betting sites increasingly offer such free bet offers, also referred to as bet free, bet for free, or free-bet.

Many sportsbooks use boosted odds or special bets to entice users to try a different form of betting, such as same game parlays or live betting.

Reload Bonus Schemes

A sports betting operator will generally offer you various incentives to stay loyal to the site. A reload bonus is one of the most common ways to reward customers for their ongoing loyalty. They are very similar to the free bet welcome bonus offers, but they are aimed at existing customers, and they generally come at a lower percentage than the sign-up sports betting bonus. For example, you might be given a 100% bonus on your first deposit and then a 25% reload bonus. Once again, you will find wagering requirements attached to a reload bonus, and you can always opt-out if you find them too onerous.

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Free Play Bonus vs. Cash Bonus

The top betting offers can broadly be divided into two categories: free play bonuses and cash bonuses. There is one key difference between them: if you receive a cash bonus, your stake will be returned to you as part of your winnings if your bet is successful. If you take a free play bonus, the stake will not be included when your balance is fulfilled after a successful bet.

Let’s say you receive a $100 cash bonus, and you use it to bet on the Dallas Cowboys to cover the spread in a big NFL game. You would generally get odds of -110 on a bet like that. If the Cowboys covered the spread, you would make a $91 profit. If you placed that bet with a cash bonus, your account would be credited with $191 ($91 profit and your $100 stake returned as your bet was a winner). However, if you placed that bet with a free play bonus, your account would only be credited with $91, as you do not get the stake back on a free play bonus.

A cash bonus is, therefore, generally more appealing than a free play bonus when you sign up at a sports betting operator and place your first bet. However, you might find higher rollover requirements on a cash bonus, so read the small print before deciding which free bet promotions to take advantage of. As a general rule, risk-free bet offers are free to play rather than cash bonuses.

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Rollover Requirements

This is the crucial consideration that you must factor in when deciding whether or not to take advantage of a sports betting bonus. A rollover requirement refers to the number of times you have to play your account credit before you can think about actually making a withdrawal. For example, you might find a 5x rollover requirement attached to a 50% free bet first deposit bonus offer. This means you have to wager your bonus money and your own money five times before it will be available for withdrawal.

Each sportsbook sets different rollover requirements for its bonuses. They typically become more demanding as the amount you receive in free bets rises. For example, you might find an 8x rollover attached to a 200% bonus, a 6x rollover attached to a 100% bonus, and a 4x rollover attached to a 50% bonus. On reflection, you might decide that you stand a better chance of actually being able to withdraw money if you opt for the 50% bonus with a 4x rollover as opposed to the 200% bonus with an 8x rollover.

With each free bet offer, you must bear in mind the percentage you will be given, the rollover required, the maximum bonus cap, and whether it is a free play or a cash bonus. A 50% cash bonus up to $250 with a 5x rollover requirement is very different from a 150% free play bonus up to $3,000 with a 16x rollover. SBR will always tell you what the true bonus is in each case to help you make your decision. A 150% free play bonus up to $3,000 might initially sound better than a 50% cash bonus up to $250, but it is a smaller true bonus. A rollover requirement is also referred to as a betting requirement or a playthrough requirement.

Other Terms & Conditions

You will generally only have a short period to claim your bonus. If you leave it there for more than 14 days, it will probably disappear. You might also be restricted in terms of the betting markets that you can use your free bet bonus. For example, it might only be valid when betting on the spread or totals, or it might only be useful for particular sports.

A common condition of a free bet bonus is a minimum odds requirement. You cannot simply bet your bonus on a few overwhelming favorites at odds of -10000 and expect that to take care of your rollover requirement. You will generally find that you have to wager it at minimum odds of -200, -150 on +100. This is another important point to bear in mind when weighing up how attractive these free bets and risk-free bet promotions actually are. Some players prefer to simply avoid free bets and risk-free offers altogether, but they can be very lucrative if you get it right.

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Loyalty and VIP Programs

Several sportsbooks will run loyalty programs to encourage customers to stick with them. You will earn reward points every time you bet on a sporting event, bet at a table game, or bet on a virtual slot. The number of bet points you earn may differ depending on the bet you place.

For example, a site might give customers 1 point for betting $1 on either video poker or table games, 5 points for a bet of $1 on slot games, 3 points for betting $1 on sports singles (moneyline, spread etc.), 15 points for betting $1 on teasers, 25 points for betting $1 on a sports round robin or a parlay, 40 points for a $1 straight bet at the racebook or 60 points for a $1 exotic bet or multiple at the racebook. You would therefore earn $600 points by betting $10 on an exacta for the Kentucky Derby.

You can then exchange these reward points for free bets or other prizes. You will typically move up through the loyalty program tiers by betting a high volume or placing large wagers, and your rewards will improve the higher up the ladder you climb. High rollers and players with VIP status can expect to benefit from a personal account manager, enhanced free bet rewards and bonuses, exclusive promotions, faster withdrawals, cash back on settled bets, and other incentives, such as trips, gadgets, and hospitality invitations.

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Sportsbooks will often host contests to keep players excited throughout the year.

These contests allow bettors to hone their handicapping skills and compete against one another for cash prizes, free bets, trips, and other exciting rewards.

SBR also runs various exciting contests for our members. You can win points and exchange them for free bets at our top online sportsbooks.

Sports betting sites will also run prize draws, promote seasonal events such as the NBA finals or the Super Bowl and provide many more reasons to remain loyal.

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Where to Find the Best Sportsbooks’ Bonuses

You should bookmark this page to ensure you constantly remain abreast of the latest matched deposit offers, risk-free bet promotions, and other bonuses on offer. However, you should always stick to safe, reliable, reputable sportsbooks. There are several scam sites and shady operators vying for your business. They will offer highly attractive risk-free first bet offers and promise you all manner of free bets, but they have no intention of actually paying you out if you win your bet.

If a risk-free bet offer or a matched first bet promotion sounds too good to be true, it probably is. For example, if you find a high cash bonus on a first bet, with no rollover requirement attached, it should ring alarm bells. It could be an incredibly generous sportsbook, but that is highly unlikely.

One way to identify scam sites is to visit our blacklist, which details all the different sites that have stiffed players over the years. Many of them use free bet offers to lure you in, but you should avoid them and stick to the trustworthy sites listed on our top sportsbooks page. Many of them offer great bonuses, so you are bound to find more than one that appeals to you. It is always worth signing up with more than one sportsbook, as that ensures you benefit from more than one bonus offer.

US State Sportsbook Promos


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Canadian Sportsbook Bonus

See our Sportsbook Bonuses in Canada.

Bonuses FAQs

What Is a Free Bet Offer?

Many sportsbooks will offer you a free bet or several free bets as a reward for choosing them ahead of the competition. However, you should not expect a free bet offer to come with no strings attached. You will generally have to deposit your own money to unlock the free bet and then place several bets at a specific minimum set of odds before you can make a withdrawal.

What Is a Betting Bonus?

Betting bonuses are awarded to new players to encourage them to sign up or to existing players so they remain loyal. They include match deposit bonuses, reload bonuses, boosted odds bonuses, and much more. They vary from one sportsbook to the next, so you should always shop around for the most appealing free bets and sign up for multiple books to enjoy several free bet offers. Always check the terms and conditions attached to free bets before accepting them.

What Is a Rollover Requirement?

This refers to the number of bets you must place before you are permitted to make a withdrawal. It applies to sign-up free bet bonuses and reload free bet bonuses. A typical rollover requirement would be 6x, which means you must wager your credit six times (place at least six bets) at a certain minimum price before you can make a withdrawal. The rollover requirement generally applies to the cash you deposit as well as the free bets you receive.