Bonus Bets

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4 min read

All Bonus Bet Offers

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Non-paid list
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Welcome Bonus
21, Terms and Conditions Apply
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Bonus Review
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Welcome Bonus

Borgata Bet $20 Get $100 in Bonus Bets

Borgata Sportsbook
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Easy
to obtain
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12/30/2024
expire
21, Terms and Conditions Apply
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Bonus Review
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Welcome Bonus

Fanatics $200 in Bonus Bets up to $1000

Fanatics Sportsbook
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Medium
to obtain
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12/31/2024
expire
21, Terms and Conditions Apply
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Bonus Review
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Bonus Bets

ClutchBet Summer Soccer Challenge

ClutchBet Sportsbook
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Medium
to obtain
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07/13/2024
expire
21, Terms and Conditions Apply
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Bonus Review
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Bonus Bets
21, Terms and Conditions Apply
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Bonus Review
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Bet Insurance

ESPN BET 3HR Protection

ESPN Bet Sportsbook
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Medium
to obtain
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11/01/2024
expire
21, Terms and Conditions Apply
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Bonus Review
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Welcome Bonus

ESPN BET 200% First Time Deposit Match

ESPN Bet Sportsbook
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Medium
to obtain
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11/01/2024
expire
21, Terms and Conditions Apply
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Bonus Review
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Welcome Bonus

ESPN BET $1,000 Bet Reset

ESPN Bet Sportsbook
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Medium
to obtain
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11/01/2024
expire
21, Terms and Conditions Apply
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Bonus Review
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Welcome Bonus

BetSafe $500 in Bonus Bets

Betsafe Sportsbook
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Medium
to obtain
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12/31/2024
expire
21, Terms and Conditions Apply
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Bonus Review

Biggest Bonus Bet Promotions

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Non-paid list
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Parlay Bonus

Caesars Parlay The Tournament

Caesars Sportsbook
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Hard
to obtain
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04/07/2024
expire
21, Terms and Conditions Apply
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Bonus Review
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Welcome Bonus
21, Terms and Conditions Apply
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Bonus Review
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Bonus Bets

ESPN BET 50 Point Special

ESPN Bet Sportsbook
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Medium
to obtain
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04/13/2024
expire
21, Terms and Conditions Apply
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Bonus Review
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Welcome Bonus

DraftKings No Sweat First Bet Up To $1000

DraftKings Sportsbook
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Medium
to obtain
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06/22/2024
expire
21, Terms and Conditions Apply
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Bonus Review
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Welcome Bonus

ESPN BET $1,000 Bet Reset

ESPN Bet Sportsbook
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Medium
to obtain
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11/01/2024
expire
21, Terms and Conditions Apply
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Bonus Review

Expired Bonus Bet Promotions

Welcome Bonus
21, Terms and Conditions Apply
Copied!
Click to copy code
Get bonus
Bonus Review
Welcome Bonus

ESPN BET Make Any Bet Get $100

Easy
to obtain
02/29/2024
expire
21, Terms and Conditions Apply
Copied!
Click to copy code
Get bonus
Bonus Review
Parlay Bonus

Caesars Parlay The Tournament

Hard
to obtain
04/07/2024
expire
21, Terms and Conditions Apply
Copied!
Click to copy code
Get bonus
Bonus Review
Bonus Bets

ESPN BET 50 Point Special

Medium
to obtain
04/13/2024
expire
21, Terms and Conditions Apply
Copied!
Click to copy code
Get bonus
Bonus Review
Bonus Bets

ESPN BET Buzzer Beater Protection

Medium
to obtain
04/18/2024
expire
21, Terms and Conditions Apply
Copied!
Click to copy code
Get bonus
Bonus Review

What Are Bonus Bets?

Bonus bets are incentives offered by online sportsbooks, particularly in regions like the US and Canada, to attract and retain bettors. They often come in the form of welcome bonuses for new users or rewards for existing customers. For example, sportsbooks in New Jersey like DraftKings may offer a "Bet $5, Win $200" bonus, where new users receive free bets worth $200 after placing an initial $5 bet. Similarly, FanDuel might provide a risk-free bet up to $1,000, refunding the stake if the first bet loses.

How Bonus Bets Work

The mechanics of bonus bets vary between sportsbooks but typically involve certain conditions. Using New Jersey sportsbooks as examples: a common condition is the wagering requirement. For instance, BetMGM might offer a $500 risk-free bet, but the bonus amount might need to be bet multiple times before any winnings can be withdrawn. There can also be restrictions on the type of bets or odds you must place to qualify for the bonus.

Pros & Cons

Pros

  • Boosted Bankroll: Bonus bets increase betting capacity.
  • Risk Reduction: Bonus bets minimize initial wagering financial risk.
  • Exploration: Bettors can explore diverse markets and strategies.

Cons

  • Wagering Rules: Bonus bets often have strict rollover requirements.
  • Time Constraints: Bonuses expire, urging quick usage.
  • Bet Restrictions: Some bets may not meet bonus conditions.
  • Problem Gambling: Using any types of bonuses can increase the risk of problem gambling for some bettors.

Bonus Bets FAQs

General Questions

Are Bonus Bets only for new customers?

No, bonus bets can be offered to any registered user, but they can also be part of welcome bonuses that are typically designed to attract new users to a sportsbook.

Understanding Bonus Terms

What does 'wagering requirement' mean in bonus bets?

It's the amount of money you must bet before withdrawing any winnings from the bonus.

Utilizing Bonus Bets

Can I withdraw my bonus bet winnings immediately?

No, usually you must meet certain conditions like wagering requirements first.

Bonus Limitations

Are there limits to the types of bets I can place with a bonus?

Yes, some bonuses have restrictions on bet types or minimum odds.

Bonus Expiry

Do welcome bonuses expire?

Yes, most bonuses have an expiration date, typically ranging from 7 to 30 days after activation.