Bonus Bets

Published: Jan 16, 2024, 10:45 AM
4 min read
Updated: Jul 22, 2025, 8:03 AM
By:
Fact checked by:
Denis Vavaev

All Bonus Bet Offers

Welcome Bonus

Fanatics B10G50: Bet $10 Get $50 In FanCash

Fanatics Sportsbook
Easy
to obtain
New customers in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, or WY. Must toggle on this promotion in your bet slip and wager $10+ cash on any market with odds of -500 or longer within 7 days of account opening to receive $50 in FanCash. Terms, including FanCash terms apply-see Fanatics Sportsbook & Casino app.
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Bonus Bets

BetVictor MLB Daily Rewards

BetVictor Sportsbook
Easy
to obtain
19+ (18+ in AB, MB & QC). T&Cs Apply. Bonus offers are not available in Ontario. Always Gamble Responsibly.
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Bonus Bets

BetVictor Spin & Win Everyday

BetVictor Sportsbook
Easy
to obtain
19+ (18+ in AB, MB & QC). T&Cs Apply. Bonus offers are not available in Ontario. Always Gamble Responsibly.
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Welcome Bonus

Fanatics $100 GDG: Game Day Guarantee: Every Game Day, Get Up To $100 Back In FanCash If Your Football Bet Loses

Fanatics Sportsbook
Medium
to obtain
New customers in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, OH, PA, TN, VT, VA, WV, or WY. Must sign up by 9/30/25. Apply offer in bet slip; place $1+ American football cash wager w/ odds +300 or longer each Game Day. Wager must settle as loss to qualify for FanCash equal to the amount of losing wager (up to $100 FanCash per Game Day). Rewards expire 10/31/25. Terms, including FanCash terms apply-see Fanatics Sportsbook app.
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Welcome Bonus

SuperBook Welcome Bonus: Up to $300 First Deposit Match

SuperBook Sportsbook
Easy
to obtain
21+ Terms and Conditions Apply
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Welcome Bonus

BetPlays Sport Welcome Bonus: 200% up to $2,000

BetPlays Sportsbook
Hard
to obtain
19+ (18+ in AB, MB & QC). T&Cs Apply. Bonus offers are not available in Ontario. Always Gamble Responsibly.
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Welcome Bonus

BetRivers 2nd Chance Bet Up To $100

BetRivers Big Logo
Easy
to obtain
11/30/2025
expire
21+. Offer available only to users in NY. T&Cs apply.
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SPORTS
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Welcome Bonus

Hard Rock Bet Bet $5 Get $150 in Bonus Bets Instantly

Hard Rock Bet Sportsbook
Easy
to obtain
12/31/2025
expire
21+ | T&C apply | Gambling Problem? Call 1-800-GAMBLER
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Welcome Bonus

Caesars Ontario: Get a $500 Bonus Bet If Your First Bet Loses

Caesars Sportsbook
Medium
to obtain
21, Terms and Conditions Apply
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Welcome Bonus

BC Game 120% Bonus + 5 Free Bet In Sports

Logo for BC Game Sportsbook in Canada
Hard
to obtain
19+ (18+ in AB, MB & QC). T&Cs Apply. Bonus offers are not available in Ontario. Always Gamble Responsibly.
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Affiliate Disclosure
How we rate

Biggest Bonus Bet Promotions

Free Bet

20Bet Weekly Forecast: Win Up to $35,000

20BET Sportsbook
Hard
to obtain
19+ (18+ in AB, MB & QC). T&Cs Apply. Bonus offers are not available in Ontario. Always Gamble Responsibly.
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RGWELCOME
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Welcome Bonus

Betway Free Bet Refund Up to $200 + 20 Free Spins

Betway Sportsbook
Easy
to obtain
21, Terms and Conditions Apply
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Welcome Bonus

BC Game 120% Bonus + 5 Free Bet In Sports

Logo for BC Game Sportsbook in Canada
Hard
to obtain
19+ (18+ in AB, MB & QC). T&Cs Apply. Bonus offers are not available in Ontario. Always Gamble Responsibly.
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Parlay Bonus

888Sport $5 Free Bet NBA Bet Builder Bonus

888sport Sportsbook
Medium
to obtain
21, Terms and Conditions Apply
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Welcome Bonus

Betway Welcome Bonus: Up to $200 Bet Token + 20 Free Spins

Betway Sportsbook
Medium
to obtain
21, Terms and Conditions Apply
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Affiliate Disclosure
How we rate

Expired Bonus Bet Promotions

Welcome Bonus

DraftKings No Sweat First Bet Up to $1,000

Medium
to obtain
06/30/2023
expire
21, Terms and Conditions Apply
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Bonus Review
Welcome Bonus
21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. This promotional offer is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.
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Welcome Bonus

ESPN BET Make Any Bet Get $100

Easy
to obtain
02/29/2024
expire
21, Terms and Conditions Apply
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Bonus Review
Parlay Bonus

Caesars Parlay The Tournament

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

ESPN BET 50 Point Special

Medium
to obtain
04/13/2024
expire
21, Terms and Conditions Apply
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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.

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