All Bonus Bet Offers
BetRivers CO: 2nd Chance Bet Up To $250
BetMGM CO: Up To $1500 In Bonus Bets
Bet365 NJ: Bet $5 Get $150
Bet365 Colorado: Bet $5 Get $150
BetRivers NJ 2nd Chance Up To $250
BetMGM NJ: Up To $1500 In Bonus Bets
Betway Parlay Bonus
BetMGM Bet $5 Get $150 in Bonus Bets
Unibet 2nd Chance Bet Up To $50
SuperBook $250 Every First Bet Wins Bonus Review
Biggest Bonus Bet Promotions
BetMGM NJ: Up To $1500 In Bonus Bets
BetMGM CO: Up To $1500 In Bonus Bets
Bet365 First Bet Safety Net
SuperBook $250 Every First Bet Wins Bonus Review
BetRivers NJ 2nd Chance Up To $250
Expired Bonus Bet Promotions
DraftKings Bet $5 Get $200
BetMGM: Bet$5 Get $158 in Bonus Bets
ESPN BET Make Any Bet Get $100
DraftKings No Sweat First Bet Up To $1000
BetMGM: Score Up To $6400 Bonus
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might offer a $500 risk-free bet, but the bonus amount might need to be bet multiple times before any winnings can be withdrawn.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.