Find the best sports betting apps with the top promotions and features!
- New User Promotions
- Bonus Bets
- Second Chance Bonuses
- Existing User Promos
- Odds Boosts
- Parlays
- Referral Bonuses
- Bet Insurance
- Rewards
- FAQ
Written by:
Content Writer
Fact checked by:
Associate Editor
Last Updated:
Sep 20, 2024
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
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Bet $100, Get $100
in Bonus Bets Every Day for 10 Days
Min. Deposit
Max. Deposit
Review Claim Go to Fanatics Sportsbook
Bet $5, Get $200 in Bonus Bets
Min. Deposit
Max. Deposit
Review Claim Go to FanDuel Sportsbook
Bet $5, Get $200 or $1,000 First Bet Safety Net
Min. Deposit
Max. Deposit
Review Claim Go to Bet365
$1,000 First Bet on Caesars
Min. Deposit
Max. Deposit
Review Claim Go to Caesars Sportsbook
Bet $5, Get $200
in Bonus Bets Instantly
Min. Deposit
Max. Deposit
Review Claim Go to DraftKings Sportsbook
Up to $1500 Back in Bonus Bets
Min. Deposit
Max. Deposit
Review Claim Go to BetMGM
2nd Chance Bet up to $500
Min. Deposit
Max. Deposit
Review Claim Go to BetRivers
Cash Back up to $300
Promo Code: BAST
Min. Deposit
Max. Deposit
Review Claim Go to Sporttrade
Bet $5 & Get $100 in Bonus Bets
Min. Deposit
Max. Deposit
Review Claim Go to Hard Rock Bet
Bet $20, Get $100
Min. Deposit
Max. Deposit
Review Claim Go to Desert Diamond Sportsbook
Bet $20, Get $100
Min. Deposit
Max. Deposit
Review Claim Go to Borgata Sportsbook
First Bet Insurance up to $500
Min. Deposit
Max. Deposit
Review Claim Go to Crab Sports
Types of Sports Betting Promotions
Sportsbooks offer many types of promotions to entice users including new user welcome bonuses, bonus bets, and loyalty rewards programs. Some of the more generous promotions are found when new users sign up and create an account on a sportsbook for the first time.
The new user promotions can range from deposit matching, where the sportsbook will match the amount you deposited, to second chance bets when the sportsbook gives the user back a percent of their first bet if it loses.
Other promotions for existing users include odds boosts on single bets or parlays, friend referral bonuses, early cash outs, same-game parlays, bet insurance, and loyalty rewards programs!
Promotion Navigation
Click the links below to learn more about each promotional offer!
Read on to find out more about these different types of promotional offers!
New User Sign Up Promotions
New user welcome offers are for bettors new to a platform and provide bonuses for signing up and beginning to bet. These promotions typically include generous bonuses and bet insurance to help take some risk out of the user’s first bets! The specific offers will vary based on the sportsbook. Let’s take a look at the common types of new user sign-up promotions!
Bonus Bets
- Bonus Bets: Some apps may offer bonus bets with the users’ first deposit. The bonus amount is credited to the user’s account as bonus funds or site credit, which can be used to place bets within the sportsbook app. However, these bets are usually subject to terms and conditions, such as minimum odds requirements and an expiration period so make sure you cash in!
- Bet and GetBonuses: When new users place their first bet, they will get bonus bets added to their account in return. For instance, DraftKings offers $150 in instant bonus bets when a user bets a minimum of $5 for their first best!
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Bet $5, Get $200
in Bonus Bets Instantly
Review Claim Go to DraftKings Sportsbook
Bet $5, Get $200 or $1,000 First Bet Safety Net
Review Claim Go to Bet365
Bet $100, Get $100
in Bonus Bets Every Day for 10 Days
Review Claim Go to Fanatics Sportsbook
Betting App Second Chance Bonuses
- Second Chance Bets: This type of new user promotion is popular among sportsbooks as it provides insurance for the user’s first bet. If the first bet is lost, the user will receive a refund of up to a certain amount. This offer creates a safety net for new users who may hesitate to start betting. For example, BetMGM offers up to $1,500 in bonus bets for new users if their first bet loses. This allows new users to take a more aggressive approach with their first bet, knowing they have a second chance with the bonus bet offer!
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Up to $1500 Back in Bonus Bets
Review Claim Go to BetMGM
Bet $5, Get $200 or $1,000 First Bet Safety Net
Review Claim Go to Bet365
$1,000 First Bet on Caesars
Review Claim Go to Caesars Sportsbook
How We Rate Betting Apps
Each betting app has different terms and conditions for its promotions, which we consider during our reviews. They generally include these categories:
- Maximum Amount – The maximum amount the user can get back from the app.
- Minimum Deposit/Bet – The minimum amount the user can wager.
- Minimum Odds – The minimum odds for your bets. Ex: -200
- Turnover – The re-wager requirement
- Eligible Markets – Where you can bet
- Expiry Date – When your bonus expires
- Money Back Terms – How are you refunded (cash or bonus bet money added to account)
Existing User Betting App Promos
New users aren’t the only ones who get to use fun promotions! Existing users can benefit from betting app promotions such as odds boosts, parlays, referrals, and more! Keep reading to discover the bonuses available for existing users across various sportsbooks!
Betting App Odds Boosts
Odds boosts increase the odds for selected outcomes beyond what they would typically be. For example, if a team is originally set at -105 to win, an odds boost might increase the odds to +150 or higher. Some sportsbooks offer odds boosts for parlays as well, giving the user a different way to try and cash in on the offer.
- Promotional Period: Odds boosts are usually available for a limited time, often around major sporting events such as the NBA Finals or Super Bowl. However, many sportsbooks will offer daily odds boosts for non-major events as well!
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
$1,000 First Bet on Caesars
Review Claim Go to Caesars Sportsbook
Bet $5, Get $200 in Bonus Bets
Review Claim Go to FanDuel Sportsbook
Betting Apps for Parlays
A parlay is a single bet that combines two or more individual bets into one wager. To win the parlay, all selections within the bet must win. As the number of bets, or legs, within a parlay grows and the odds increase, the potential payout increases. Some bettors use parlays to try and turn a small wager into a much larger payout, but it comes with more risk!
- Increased Payout: Parlays offer the potential for higher payouts compared to placing each bet individually because the odds of each selection are multiplied together.
- Same-Game Parlays: A same-game parlay allows you to combine various bets on a single game or match into one wager. These bets can include different types of outcomes such as player props, team props, game totals, and more.
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Bet $5 & Get $100 in Bonus Bets
Review Claim Go to Hard Rock Bet
Up to $1500 Back in Bonus Bets
Review Claim Go to BetMGM
Betting App User Referral Bonuses
User referral bonuses on sportsbook apps are incentives that reward existing users for referring new customers to the platform. Generally, the referrer and the new user receive a bonus once certain conditions are met!
- Referral Code or Link: Existing users receive a unique referral codeor link from the sportsbook app, which they can share with others not yet registered on the platform.
- Registration: New users who receive a referral invitation will click on the link or enter the referral code when registering on the sportsbook app. They might need to make an initial deposit or place their first bet, to qualify for the referral bonus.
- Reward for Referrer: Once the new user meets the qualifying criteria, the referring user will receive a bonus or reward as a thank-you for the referral. This reward can vary depending on the sportsbook app but commonly includes bonus bets or other promotional incentives!
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
Bet $5, Get $200 in Bonus Bets
Review Claim Go to FanDuel Sportsbook
Bet $5, Get $200
in Bonus Bets Instantly
Review Claim Go to DraftKings Sportsbook
Bet Insurance
Bet insurance promotions are a great way for bettors to place more aggressive wagers than they typically would. These promotions offer a safety net for bettors by providing a partial or full refund on their bets under specific conditions. Often, these promotions are associated with major events such as the Super Bowl and may offer users money or bonus bets if their initial bet loses. These promos are similar to the second chance bets sometimes offered to new users.
- Parlay Insurance: If one leg loses, the bettor might get a refund or a bonus bet. This provides some security for riskier, multi-leg bets.
- Overtime Insurance: If a bet loses due to a game going into overtime, the sportsbook might offer a refund or bonus bets. This most often occurs during basketball or football games.
- Bad Beat Insurance: Refunds are given if a bet loses due to an unexpected or unlucky event, known as a “bad beat.” This might include a last-minute goal or a controversial referee decision.
