Welcome Bonus
About the Bonus
The BetRivers "2nd Chance Bet Up to $250 Welcome Offer" is specifically tailored for new customers in Colorado. It applies to those who are making their first deposit and placing their initial wager on any sports offering available on the platform. By entering the code “SPORTS” upon their first deposit, participants are eligible for this promotion.
If the first wager does not win, the participant receives a Bonus Bet that matches their initial stake, up to a maximum of $250. This Bonus Bet is credited to the bettor's account within 24 hours following the settlement of the losing wager. It's noteworthy that the winnings derived from a Bonus Bet exclude the original stake, meaning bettors receive only the profit earned from the bet.
To utilize the Bonus Bet, bettors must select from any sports options within the sportsbook's regular wagering limits. However, there's a stipulation that the Bonus Bet be used within 30 days of issuance, after which it expires. Additionally, the initial bet placed under this offer must meet minimum odds of -200 or longer, ensuring compliance with the offer's terms.
Pros & Cons
Pros
- Welcome Incentive: Offers a risk-free first bet up to $250, encouraging new sign-ups.
- Extended Promotion Period: Ends September 30, 2024.
- Flexible Betting Options: Bonus usable on various sports with certain odds.
- Straightforward Participation: Simple deposit and bet with a code to qualify.
- Quick Bonus Crediting: Bonus bets credited within 24 hours of loss.
Cons
- First-Deposit Only: Limited to new users' first deposit.
- Bonus Bet Expiry: Bonus bets expire in 30 days, potentially rushing usage.
- Use Restrictions: Cannot be used on House Specials or with other promotions.
- One-Time Deposit Code Use: Restricts correction or multiple offers.
- Specific Wagering Requirements: Initial bets subject to minimum odds.