🎁What Are Sportsbook Bonuses?
Sportsbook bonuses are promotional offers provided by betting platforms. These bonuses reward new or existing customers for taking specific actions, such as registering, depositing, or placing bets. All sportsbook bonuses are subject to terms and conditions that affect how and when bettors can use or withdraw bonus-related funds.
Claim active sportsbook bonuses from the most reviewed online sportsbooks in the U.S. and the top betting sites in Canada, including BetMGM, FanDuel, Fanatics, Hard Rock Bet, DraftKings, BetRivers, Borgata, 1xBET, BetPlays, and many more.
🆕Sportsbook Welcome Bonuses in May 2025
BetVictor Welcome Bonus
20Bet Welcome Bonus: 100% UP TO $150
Action 24/7 Welcome Offer: Risk Free First Bet
Northstar Bets Welcome Bonus: 100% up to $100 + 100 Bonus Spins
22Bet Welcome Bonus: 100% Up to $180
Shangri La Welcome Bonus - 100% up to $50 + 20 Free Spins
888Sport 100% Bonus Up to $250 on Your First Deposit
Betway Free Bet Refund & Cash Spins Welcome Offer
Betway Sports Bonus and Bonus Spins Welcome Offer
Betway Get a Bet Token Refund Up to $200
Fanatics Bet $50, Get $250 in Bonus Bets
Coolbet Deposit Bonus Welcome Offer – 100% up to $200
1xBET 120% first deposit bonus up to $540 CAD
BetPlays Sports Bonus up to 120%
BetPlays Sports Welcome Bonus
Powerplay Welcome Bonus: Deposit Match up to $500 in Bonus Bets
Fanatics Bet $30, Get $300 in Bonus Bets
TonyBet First Deposit Bonus Up To $350
Casumo Welcome Bonus: 100% Profit Boost Up to $1,000 on First Bet
Bet99 Welcome Bonus: First Bet Encore
Fanatics NY: Sign Up and Get a 300% Profit Boost Token
💵Things You Need to Know About Sportsbook Welcome Bonuses
A welcome bonus is an introductory offer a sportsbook provides to new bettors after account creation. These bonuses are designed to encourage first-time deposits or wagers and are generally limited to one per household, IP address, or device. They come in various forms, including bet credits (bonus bets), deposit matches, or second-chance bets. While they may appear straightforward, welcome bonuses are subject to eligibility criteria, usage limitations, and withdrawal restrictions.
Common Structures of Welcome Bonuses
- Bet and Get Offers
- These bonuses provide a fixed amount of bonus bets once a bettor places a qualifying wager.
- Deposit Match Bonuses
- The sportsbook matches a user’s initial deposit up to a specified amount.
- Second-Chance or No Sweat Bets
- If a user’s first wager loses, the stake is refunded as bonus credits.
Popular Sportsbook Welcome Bonuses
| Sportsbook | Welcome Bonus Offer | Promo Code | Min. Deposit | Bonus Type | Eligible States |
|---|---|---|---|---|---|
| FanDuel | Bet $5, Get $250 in Bonus Bets if Your Bet Wins | No Promo Code Required | $5 | Bonus Bets | Most Legal States |
| Fanatics | Bet $50, Get $250 in Bonus Bets | No Promo Code Required | $50 | Bonus Bets | CO, CT, IL, IN, LA, MA, MD, NC, OH, TN, VA, or WV |
| Hard Rock Bet | Get $100 Back in Bonus Bets if Your First Bet Wins | No Promo Code Required | $10 | Bonus Bets | AZ, IN, NJ, OH, TN, VA |
| ESPN Bet | Bet $10, Get $100 in Bonus Bets + ESPN+ Subscription | No Promo Code Required | $10 | Bonus Bets + ESPN+ | Most Legal States |
| DraftKings | Bet $5, Get $150 in Bonus Bets | No Promo Code Required | $5 | Bonus Bets | Most Legal States |
| BetMGM | Bet $10, Get $150 in Bonus Bets | No Promo Code Required | $10 | Bonus Bets | CO, MI, NJ, PA, WV |
| Caesars | Bet $1, Double Your Winnings on Your Next 10 Bets (100% Profit Boosts, max $25 each) | CZRDYW | $1 | Profit Boosts | Most Legal States |
| BetRivers | Get a 2nd Chance Bet up to $250 | No Promo Code Required | $10 | 2nd Chance Bet | AZ, CO, IL, IN, IA, LA, MI, NJ, NY, PA, VA |
| Borgata | Bet $20, Get $100 in Bonus Bets | No Promo Code Required | $20 | Bonus Bets | NJ, PA |
📌Key Conditions to Review
| Condition | Common Requirements |
|---|---|
| Minimum Bet/Deposit | Ranges from $5 to $20 depending on the sportsbook |
| Eligible Bet Types | Often excludes round robins, same-game parlays, or odds shorter than -200 |
| Geographic Restrictions | Must be physically located in an approved state or province |
| Time to Use Bonus | Most bonuses must be used within 7–14 days after issuance |
| Withdrawable Funds | Bonus credit is not withdrawable; only net winnings are |
Responsible Gambler Reminder👇🏼
- Most welcome bonuses are one-time offers. Users creating multiple accounts to redeem additional bonuses can be banned or have funds withheld.
- Some sportsbooks automatically opt-in users to bonuses, while others require manual activation or a promo code.
What Do Real Bettors Say About Sportsbook Bonuses
Overall Experience with Bonuses & Promotions at Stake.com
The feedback from players regarding bonuses and promotions at Stake.com presents a mixed bag of experiences, showcasing both commendable features and significant areas for improvement. Here’s a detailed overview based on user reviews:
Positive Aspects
- Generous Bonuses: A substantial 70% of players have praised Stake.com for its generous bonuses, including weekly and monthly promotions that enhance their gaming experience. Many users described these bonuses as "amazing" and a key reason for their continued engagement with the platform.
- Variety of Promotions: Players appreciate the wide range of promotions available, including exclusive bonuses and special offers for loyal customers. This variety contributes to a sense of ongoing engagement and reward.
- Fast Transactions: The quick deposit and withdrawal processes have been frequently mentioned, with around 70% of users noting that this efficiency enhances their overall experience when claiming bonuses.
- Engaging Promotions: Approximately 60% of users enjoy gamification elements, such as challenges and quests, which add a fun dimension to the gaming experience.
Negative Aspects
- High Wagering Requirements: A significant concern is the high wagering requirements associated with bonuses, often cited as 35x to 40x the deposit and bonus amount. Over 50% of players feel these requirements are unrealistic and unfair, leading to frustration.
- Inconsistent Bonus Availability: Around 40% of users expressed disappointment over not receiving bonuses they were promised or experiencing reductions in bonus amounts, leaving many feeling misled and dissatisfied.
- Poor Customer Support: Many reviews indicate dissatisfaction with customer service, particularly regarding bonus-related inquiries. Approximately 75% of users reported receiving automated responses that did not adequately address their concerns, leading to a low score of 1.5 out of 5 for customer support related to bonuses.
- Transparency Issues: Over 65% of players raised concerns about the lack of clarity regarding bonus eligibility and distribution, with many feeling overlooked compared to less active players who seem to receive more favorable bonuses.
- Perceived Manipulation: Some players have expressed skepticism about the fairness of the bonus distribution, suggesting that the system may favor certain players or be rigged against those who win consistently. About 50% of users voiced concerns about potential manipulation in the bonus system.
Conclusion
In summary, while Stake.com offers a variety of bonuses that many players find appealing, a significant portion of the user base has expressed dissatisfaction due to high wagering requirements, poor customer support, and inconsistent bonus availability. Overall, the experience with bonuses and promotions can be rated as 2.5 out of 5, indicating a neutral to mostly negative sentiment among players.
As always, potential users should weigh these factors carefully before engaging with the platform, keeping in mind the evolving landscape of promotions at Stake.com.
The reviews regarding the bonuses and promotions on the sports betting app present a mixed perspective.
While some users appreciate the attractive offers, the majority have encountered significant issues with claiming and receiving these bonuses.
Pros
- Approximately 30% of users praised the app for its excellent bonuses, including cashback offers and free betting credits.
- Users appreciated the customer service provided by the app.
- Some users found the bonuses and promotions to be attractive and valuable.
Cons
- Around 70% of users expressed dissatisfaction, citing complicated and misleading processes for claiming bonuses.
- Many reported not receiving promised bonuses and complained about slow payouts for large winnings.
- Users experienced issues with the live betting system, finding it frequently suspended, which hindered their ability to place bets.
Areas for Improvement
- Simplify the process of claiming bonuses to enhance user experience.
- Improve the payout system to ensure timely and accurate distributions of winnings.
- Address the live betting functionality to reduce suspensions and improve reliability during events.
Overall Experience with Bonuses & Promotions at 22Bet
The analysis of user feedback regarding bonuses and promotions at 22Bet reveals a generally positive sentiment, with several standout features and some areas needing improvement. Here’s a detailed overview based on the reviews:
Positive Aspects
- Generous Welcome Bonuses: A significant portion of users, approximately 60%, praised the attractive welcome bonuses, particularly the 100% match on the initial deposit, which many found to be a fantastic way to start their betting journey. This aspect received a score of 4 out of 5.
- Frequent Promotions: Many players appreciated the variety and frequency of promotions, including weekly bonuses and special event offers. About 70% of users expressed satisfaction with these promotions, rating this aspect a 4 out of 5.
- VIP Programs: The VIP service was well-received, with around 40% of users highlighting the benefits of personalized bonuses and dedicated managers. This aspect also scored 4 out of 5.
- Clear Bonus Terms: Users generally found the terms and conditions for claiming bonuses to be fair and straightforward, contributing to a positive experience. This aspect received a score of 4 out of 5.
- Cashback Offers: Some users noted the cashback promotions, especially for VIP members, although opinions on accessibility varied. This aspect received a score of 3 out of 5.
Areas for Improvement
- Wagering Requirements: About 25% of users found the wagering requirements for bonuses to be steep, which affected their overall enjoyment and ability to redeem bonuses effectively.
- Limited Promotions for Existing Players: Many users expressed a desire for more frequent and tailored promotions for existing customers, with around 30% suggesting that current offerings are insufficient.
- Customer Support Issues: A few users reported difficulties with customer support, particularly regarding bonus-related inquiries, which was a concern for about 15% of users.
- False Bonus Claims: A small percentage of users (around 10%) reported issues with bonuses being deducted or not being honored, raising concerns about the integrity of the bonus system.
Conclusion
In summary, while the majority of users have had a positive experience with bonuses and promotions at 22Bet, with 60% of players satisfied with the offerings, there are notable areas for improvement. Approximately 40% of users expressed concerns regarding the clarity and fairness of the bonus system. Enhancing customer support and offering more tailored promotions could significantly improve the overall user experience.
Overall, 22Bet remains a competitive option for bettors, particularly for those who value generous welcome bonuses and a robust VIP program.
The reviews regarding the sports betting app's bonuses and promotions are mixed, with notable concerns about fairness and transparency.
While some users appreciate certain promotions and the app's functionality, a significant number express dissatisfaction with the bonus structure and restrictions.
Pros:
- Some users commend the app for offering a variety of bonus bets, daily free spins, and pre-picked parlays that have led to substantial winnings.
- The app is praised for its ease of use and the speed of deposit and withdrawal processes, which many describe as instant and hassle-free.
- A minority of users report positive experiences, including doubling their money and winning grand prizes regularly.
Cons:
- Many users feel the bonus structure is too limited and less generous compared to other platforms, leading to dissatisfaction.
- Complaints about being banned or restricted from betting on promotions due to high profit margins are prevalent.
- Concerns about the app's transparency, including unfulfilled promises of free bets and boosted odds, have been voiced by several users.
Areas for Improvement:
- The app should consider offering more generous and accessible bonuses to enhance user satisfaction.
- Improving transparency regarding promotions and ensuring that promised rewards are delivered could build trust with users.
- Addressing concerns about account restrictions and the integrity of user data would alleviate fears among users about the app's fairness.
Overall Experience with Bonuses & Promotions
The reviews regarding bonuses and promotions for the sportsbook and merchandise app reveal a mixed bag of experiences among users. While many players appreciate the various promotional offers, there are notable frustrations that detract from the overall satisfaction.
Positive Aspects
- Great Deals and Discounts: A significant portion of users (approximately 60%) expressed satisfaction with the deals available, particularly for official merchandise like NBA and WWE jerseys. Many noted that the app frequently runs daily deals and clearances that provide substantial savings.
- Fan Cash Rewards: About 40% of reviewers highlighted the benefits of Fan Cash, with some users reporting earnings of over $35. The incentivized games and opportunities to win additional Fan Cash were also well-received.
- Free Shipping: Many users appreciated the frequent offers of free shipping, which added to the overall value of their purchases.
Negative Aspects
- Technical Issues: Around 25% of users reported problems with the app, including freezing issues and difficulties in redeeming Fan Cash rewards. This has led to frustration and a sense of distrust among some players.
- Customer Service Concerns: A notable 20% of reviews mentioned poor customer service experiences, particularly regarding the handling of promotions and rewards. Users felt that their concerns were not adequately addressed.
- Misleading Promotions: Some users expressed dissatisfaction with what they perceived as bait-and-switch tactics, particularly related to sportsbook promotions that overshadowed merchandise shopping.
Conclusion
In summary, while the app offers a variety of attractive bonuses and promotions, including great deals and Fan Cash rewards, technical issues and customer service challenges have left a portion of users feeling frustrated. On a scale of 1 to 5, the overall experience with bonuses and promotions can be rated as follows:
- Positive Experience (4-5): 40% of users
- Neutral Experience (3): 25% of users
- Negative Experience (1-2): 35% of users
Overall, while there are commendable aspects of the bonuses and promotions, improvements in technical performance and customer service are necessary to enhance user satisfaction.
Overall Review of Bonuses & Promotions at PowerPlay
The experience with bonuses and promotions at PowerPlay has been notably mixed, with a significant divide in player opinions. Based on the reviews analyzed, here are the key aspects of the bonuses and promotions offered:
Positive Aspects
- Variety of Promotions: Approximately 30% of users expressed satisfaction with the variety of promotions available, including free bets and spins. Players appreciated the range of promotional options, which added excitement to their gaming experience.
- Responsive Customer Service: Many users praised the customer service for being helpful and responsive, which positively impacted their experience when dealing with bonuses and promotions.
Negative Aspects
- Withdrawal Issues: A significant concern, highlighted by over 50% of reviewers, was the difficulty in withdrawing winnings, particularly when bonuses were involved. Players reported that winnings were often converted into bonus funds, complicating access to their money.
- High Wagering Requirements: Many users criticized the high playthrough requirements associated with bonuses, with some citing examples like a $600 playthrough for a $50 bonus, which was deemed unreasonable by 40% of players.
- Misleading Bonus Offers: Several players felt misled by the bonus offers, claiming that the bonuses did not align with their deposits or play levels. For instance, one player who deposited over $5,000 received only a $35 bonus, which was considered disappointing.
- Decreased Bonus Availability: A noticeable decline in the frequency and value of bonuses was reported, with players expressing disappointment over the reduced availability of free spins and other incentives that were once more common.
Conclusion
In summary, while PowerPlay does offer a variety of bonuses and promotions, the overall sentiment is largely negative. Approximately 50% of players reported dissatisfaction due to issues with withdrawals, high wagering requirements, and misleading bonus structures. Although customer service received positive feedback, the overall experience with bonuses and promotions leaves much to be desired. Players are advised to approach the bonus offerings with caution and to thoroughly read the terms and conditions before engaging.
Overall Experience with Bonuses & Promotions at TonyBet
After analyzing player reviews regarding bonuses and promotions at TonyBet, the overall sentiment reveals a mixed experience, with both positive and negative aspects highlighted. Here’s a detailed summary of the key points:
Positive Aspects
- Variety of Bonuses: A significant portion of players, approximately 50%, expressed satisfaction with the variety of bonuses available, including welcome bonuses, cashback offers, and regular promotions. Many noted that these options enhance their gaming experience.
- Successful Withdrawals: A smaller group of users, around 15%, reported positive experiences with withdrawals, highlighting that they received their winnings quickly and without hassle.
Negative Aspects
- High Wagering Requirements: A major concern among players is the high wagering requirements associated with bonuses, which approximately 50% of users found challenging to meet, detracting from their overall enjoyment.
- Slow Withdrawal Process: Many reviews indicated that the withdrawal process can be slow, with around 60% of players experiencing delays of several days, leading to frustration.
- Misleading Promotions: About 30% of players felt misled by the terms of promotions, particularly regarding the conditions for receiving bonuses, indicating a lack of clarity in communication.
- Customer Service Issues: A recurring theme was the lack of effective customer support, especially in resolving issues related to bonuses and withdrawals, which concerned around 25% of users.
Conclusion
In summary, while TonyBet offers a variety of bonuses that many players appreciate, the overall experience is significantly impacted by high wagering requirements, slow withdrawal processes, and concerns over misleading promotions. With 50% of players expressing negative experiences and only 15% reporting positive outcomes, potential users should approach with caution and ensure they fully understand the terms associated with bonuses.
Rating Summary
- Overall Bonus Satisfaction: 3/5 (Neutral experience)
- Wagering Requirements: 2/5 (Mostly bad experience)
- Withdrawal Experience: 2/5 (Mostly bad experience)
Overall Experience with Bonuses & Promotions at BetPlays
The player experience with bonuses and promotions at BetPlays has been quite varied, reflecting a mix of satisfaction and frustration among users. Here's a comprehensive overview based on the reviews:
Positive Aspects
- Generous Bonuses: Many players have praised the casino for its great bonuses and promotions. Approximately 60% of users reported having a positive experience with the bonuses offered, including free spins and deposit matches.
- Quick Redemption Process: A significant number of players (around 40%) highlighted the quick redemption process for bonuses, with some reporting same-day withdrawals after winning.
- Regular Promotions: Users appreciated the constant bonuses and free spins available, which contributed to a positive gaming experience.
- Customer Support: Many reviews mentioned the excellent customer service, particularly in assisting with bonus-related inquiries.
Negative Aspects
- Withdrawal Issues: A concerning trend emerged regarding withdrawal problems, with about 30% of players expressing frustration over delayed or denied withdrawals, often linked to accusations of violating terms of service.
- Bonus Restrictions: Some users reported issues with bonuses not being credited correctly or being voided after winning, leading to dissatisfaction. Approximately 25% of players experienced this issue.
- Account Verification Challenges: Several players faced difficulties during the verification process, which delayed their ability to access bonuses and withdraw winnings.
Conclusion
In summary, while BetPlays offers a variety of attractive bonuses and promotions that many players enjoy, there are significant concerns regarding the withdrawal process and the handling of bonuses. Approximately 60% of players had a positive experience with bonuses, while 30% reported negative experiences related to withdrawals. As such, potential users should weigh these factors carefully before engaging with the platform.
The overall user experience with bonuses and promotions on this sports betting app is predominantly negative. Many users express frustration with the delivery of promised bonuses and the restrictions placed on their use, leading to a lack of trust in the app.
Pros
- A small number of users report successfully receiving their bonuses.
- Some users find the app worth using despite the issues with promotions.
- Occasional promotional offers are acknowledged positively by a minority of users.
Cons
- Many users experience issues with the delivery of promised bonuses, especially sign-up bonuses.
- Restrictions on bonus usage limit them to straight bets only, frustrating users who prefer parlays.
- Poor customer service regarding bonuses has left users feeling unsupported and dissatisfied.
Areas for Improvement
- Ensure all promised bonuses are delivered as advertised to rebuild user trust.
- Improve the transparency of terms and conditions related to bonuses to prevent confusion.
- Speed up withdrawal processing times to align with user expectations and advertised claims.
Active Bonus Bets Promos
BetVictor Welcome Bonus
20Bet Weekly Forecast
20Bet Saturday Reload Bonus
Action 24/7 Welcome Offer: Risk Free First Bet
Northstar Bets Weekly $20 Bonus Bet
Northstar Bets Welcome Bonus: 100% up to $100 + 100 Bonus Spins
22Bet Friday Reload Bonus
22Bet Welcome Bonus: 100% Up to $180
888Sport Soccer Parlay Offer
Things to Consider When Using Bonus Bets
Bonus bets, sometimes called "site credits" or "free bets," are non-withdrawable tokens that sportsbooks issue as part of various promotions. They are usually awarded through welcome offers, ongoing promotions, or loyalty programs. Bonus bets are not cash equivalents—they function under specific restrictions and differ significantly from real money wagers.
How Bonus Bets Work
When using a bonus bet, the stake is not included in any potential return. Only the profit from a winning bonus bet is credited to the account.
- Example:
A user receives a $50 bonus bet and places it on a +200 wager. - If the bet wins, the user receives $100 in winnings (not $150).
- The $50 stake is not returned.
- If the bet loses, nothing is returned.
This differs from real-money bets, where both the stake and the winnings are paid out if successful.
Conversion Value of Bonus Bets
Because bonus bets do not return the stake, their actual cash value is lower than face value, especially on short odds.
- A $50 cash bet on +100 returns $100 ($50 stake + $50 profit).
- A $50 bonus bet on +100 returns $50 (profit only).
- This creates an effective cash value of about 70–75%, depending on how the bet is placed and the odds selected.
This is why some experienced bettors use bonus bets on longer odds to maximize potential payout (e.g., +300 or +400), though this also increases the likelihood of losing the bet entirely.
Common Restrictions on Bonus Bets
| Restriction Type | Description |
|---|---|
| Minimum Odds | Some sportsbooks only allow use on bets at -200 or longer |
| Bet Type Limitations | Bonus bets may be restricted from use on parlays, live bets, or props |
| Time Limits | Most expire in 7–14 days after issuance |
| Non-Withdrawable Funds | Bonus bet amount cannot be cashed out—only profit is withdrawable |
| Cannot Be Split | A $50 bonus bet often must be used as one full bet, not broken into parts |
Situations Where Bonus Bets Are Issued
Bonus bets can be awarded in several ways:
- Loss Reimbursement: After a lost qualifying wager (e.g., risk-free or second-chance bets)
- Promotion Triggers: Bet on a specific event (e.g., "Place a $25 NBA bet and get a $10 bonus bet")
- Loyalty Programs: Tiered rewards systems like BetRivers iRush Rewards or BetPlays “Lord of the Grind” Weekly Bonus
- Retention Offers: Sent to inactive users to re-engage them
📈Active Odds Boost Promos for May 2025
BallyBet Odds Boost Promo
Betway Boosts
1xBET Accumulator of the Day
Golden Nugget Golden Lines
What Are Odds Boosts? How They Work, Examples & Real Payout Data
Odds boosts are promotional offers that increase the potential payout of a selected wager. Instead of changing the underlying probability of an event, the sportsbook temporarily inflates the odds to make the bet more appealing. These boosts are typically available for a limited time and apply to specific bets chosen by the sportsbook—not by the bettor.
They can be offered daily, tied to high-profile events, or triggered by user activity.
How Odds Boosts Work
Odds boosts modify the payout odds without requiring a larger stake or higher risk. Here's how the payout changes:
| Scenario | Original Odds | Boosted Odds | Stake | Payout (Original) | Payout (Boosted) |
|---|---|---|---|---|---|
| Example 1: Cleveland Cavaliers to win | +150 | +200 | $50 | $125 profit | $150 profit |
| Example 2: Player Prop | +300 | +350 | $25 | $75 profit | $87.50 profit |
In both examples, the boosted odds increase the potential profit without increasing the stake. However, users should verify whether the boost applies to real-money bets, bonus bets, or both.
Ongoing Odds Boosts at Major Sportsbooks
| Sportsbook | Odds Boost Name | Example / Description | Difficulty |
|---|---|---|---|
| FanDuel | Boost Builder | Boost increases with each added leg (3–12) in a parlay. More legs = higher boost % (e.g., +25% on 6-leg parlay). | Moderate: Requires multi-leg parlays and offers no manual customization. |
| DraftKings | Regular Boosts | Daily boosted odds on events across NFL, NBA, soccer, and more. Automatically listed on the sportsbook homepage. | Easy: No opt-in or tokens required. Direct, single-click boosted bets. |
| Fanatics | Odds Boost + FanCash | Select boosted wagers offered daily. Winnings from boosted bets count toward FanCash loyalty currency. | Easy: Boosted bets are clearly listed and require no extra steps. |
| Hard Rock Bet | Profit Boosts | Rotating profit boosts on specific events (e.g., Monday Night Football). May apply to pre-selected bets only. | Moderate: Availability limited to specific times and events. |
| BetMGM | Odds Boost Token | Boost token issued in account. Can be used on select bets, sometimes offering +25% to +50% increase. | Moderate: Must locate and activate token. Not always available. |
| BetRivers | Bonus Store Boosts | Odds boost offers available in iRUSH Rewards Bonus Store. Personalized and may vary by user status. | Hard: Requires loyalty progress. Not universally accessible or visible. |
| Caesars | Odds Boosts on Parlays | Boosts typically available for select parlays and same-game parlays (e.g., NBA or NFL SGP boosts). | Moderate: Limited to specific bet types and events, usually predefined. |
🎯 Parlay Bonuses in May 2025
20Bet Forecast: Up to $1,500 Free Bet
20Bet Welcome Bonus: 100% UP TO $150
Northstar Bets Parlay Boost
22Bet Accumulator Bonus
Shangri La Parlay Boost Bonus
Shangri La Weekly Sports Bonus
888Sport Soccer Parlay Offer
888Sport Soccer Bet Builder Offer
888Sport MLB Parlay Offer
Parlay Bonuses: What They Offer — and Why They’re Riskier Than They Seem
Parlay bonuses are promotional offers that reward bettors for placing multi-leg bets (parlay bets), often with increasing incentives as more selections (or “legs”) are added. These offers may include boosted payouts, bonus credits for hitting a certain number of legs, or partial refunds if only one leg loses.
Parlay bonuses inherently rely on low-probability outcomes, unlike odds boosts or bonus bets. Each additional leg significantly reduces the chances of success, even when the bonus appears generous.
How Parlay Bonuses Are Structured
Most parlay bonus promotions fall into one of the following categories:
- Boosted Payouts Based on Number of Legs
- Insurance (Refund if One Leg Loses)
- Example: Place a 5-leg same-game parlay. If 4 of 5 hit, get a $25 bonus bet
- Offered by: BetMGM, DraftKings, FanDuel
- Parlay-Only Loyalty Bonuses
Why Parlays Are Difficult to Win
Parlay bets multiply the odds of each selection, increasing the payout potential but dramatically reducing the likelihood of success.
Example of Implied Probability Decline
| Parlay Size | Average Leg Odds | Combined Odds | Implied Probability |
|---|---|---|---|
| 2 legs | -110 × -110 | +264 | 27.5% |
| 4 legs | -110 × 4 | +1228 | 7.5% |
| 6 legs | -110 × 6 | +3740 | 2.6% |
Even if each individual leg has a 52.4% chance of winning (true odds of -110), a 6-leg parlay has a success rate of less than 3%.
Important Risk Factors to Consider
- Higher Potential Payout ≠ Better Value:
The payout can appear attractive, but the odds are stacked heavily against success, especially with multiple legs that must all hit. - Insurance Promos Do Not Offset the Risk:
Promotions that refund you if one leg loses often require a minimum number of legs (e.g., 5+), which already places the bet in high-risk territory. - Terms Can Vary by Sport and Market:
Some sportsbooks exclude certain bet types (e.g., player props) or leagues. Others only offer parlay bonuses on same-game parlays, not mixed events.
Key Questions Before Accepting a Parlay Bonus
- Do I already have a bet in mind, or am I creating a parlay just to qualify?
- Is the increase in potential payout significant enough to justify the lower probability of winning?
- Is this offer structured to encourage responsible betting, or does it promote excessive risk?
🤝Available Refer-A-Friend Bonuses
Action 24/7 Refer A Friend Program
1xBET Referral Bonus
BetPlays Refer-a-Friend
PowerPlay Refer a Friend
Golden Nugget Refer-A-Friend Bonus
Caesars Refer-a-Friend
DraftKings Refer-a-Friend
FanDuel Refer-a-Friend
Refer-a-Friend Bonuses: Comparing Sportsbook Referral Programs
Refer-a-friend bonuses are promotional offers that reward existing sportsbook users for inviting new customers to the platform. These programs typically provide both the referrer and the referred friend with bonus bets, site credits, or loyalty points once specific conditions are met. Below is a comparison of refer-a-friend programs from several prominent sportsbooks:
🧾 Sportsbook Referral Program Comparison
| Sportsbook | Referral Bonus (Per Friend) | Friend's Requirement | Max Referrals | Reward Type | Notes |
|---|---|---|---|---|---|
| FanDuel | $50 bonus bet each | Deposit and wager $10 | 5 per 30 days | Bonus bets | Additional $25 casino bonus in select states |
| DraftKings | $25–$100 bonus bet each | Deposit $25–$100 | 5 | Bonus bets | Bonus amount varies based on friend's deposit amount |
| Fanatics | $50 FanCash each | Deposit and wager $10 | 5 | FanCash | FanCash can be used for merchandise or bonus bets |
| BetMGM | $100 bonus each | Deposit and wager $100 | 20 per month | Bonus bets | Choice of sports, casino, or poker bonus |
| BetRivers | $100 bonus each | Deposit and wager $50 within 30 days | 3 | Bonus bets | Bonus credited within 48 hours |
| Caesars | 5,000 Reward Credits each | Deposit and wager $50 | 10 | Reward Credits | Reward Credits can be redeemed for various perks |
| Hard Rock Bet | $50 bonus each | Deposit and wager $50 | 5 | Bonus bets | Bonus credited within 48 hours |
⚠️ Considerations and Limitations
- Eligibility: Referral bonuses are typically only available for new users who have not previously registered with the sportsbook.
- Geographic Restrictions: Some referral programs are unavailable in all states or regions.
- Wagering Requirements: Bonus funds or credits may be subject to wagering requirements before withdrawal.
- Expiration: Referral bonuses often have expiration dates, requiring users to meet conditions within a specific timeframe.
💡How Do Sportsbook Bonuses Work?
Online sportsbook bonuses are strategic incentives offered by betting platforms. These bonuses serve various purposes: attracting new users, maintaining the interest of existing bettors, and enhancing the overall betting experience by offering what could be additional value.
There are many different types of sportsbook bonuses, and you should know how each one works and what to expect before opting in:
- Welcome Bonuses: Given to new users upon registration and placing their first bet. They often match a portion of the initial deposit.
- Deposit Matches: These bonuses match a certain percentage of a player's deposit, providing more funds for betting.
- Free Bets: Enable users to place a bet without risking their own money. If the bet wins, the user keeps the winnings minus the value of the free bet.
- Rewards Programs: Targeted at regular bettors, rewarding consistent activity with various perks.
- Referral Bonuses: Offered when existing users refer new players to the sportsbook. Both referrer and referee may receive a bonus.
- Risk-Free Bets: If a bettor loses their first bet, the sportsbook refunds it up to a certain amount, mitigating the risk of initial losses.
- Odds Boosts: Temporary enhancement of odds on specific events, providing a higher potential return on a bet.
- Parlay Bonuses: These bonuses reward players who place parlay bets (multiple bets combined into one) with increased winnings or reduced risk.
🤔How To Claim A Bonus
Claiming a sportsbook bonus typically involves a few key steps:
- Sign-Up: Users must first register an account with the sportsbook.
- Make a Deposit: A qualifying deposit is often required to activate a bonus.
- Opt-In for Bonus: Some bonuses require users to opt-in, either during sign-up or in a separate promotions section.
Sportsbook bonuses come with specific terms and conditions. For instance, a deposit match might require a certain number of wagers before the bonus amount can be withdrawn. Understanding these conditions is crucial for users to effectively utilize the bonuses.
🗺️Bonuses by State
😓The Risks of Bonus Offers
- Complex Terms and Conditions: Bonus offers often come with detailed rules, such as wagering requirements, minimum odds, and usage restrictions, which may make it difficult to fully utilize the bonus.
- High Wagering Requirements: Many promotions require you to wager the bonus amount (or the deposit and bonus combined) multiple times before you can withdraw any winnings, leading to higher spending than anticipated.
- Limited Eligibility: Certain bonus offers are only available to specific user groups or regions, excluding existing account holders or users in non-eligible states.
- Expiration Dates: Bonuses often come with short timeframes to meet the wagering requirements or use the bonus, increasing pressure to place bets quickly.
- Betting Restrictions: Some bonuses exclude specific bet types (e.g., parlays, certain markets) or enforce minimum odds requirements, limiting your betting options.
- Risk of Over-Betting: The excitement of utilizing a bonus can lead to impulsive betting, potentially resulting in losses beyond the bonus amount.
- Void or Forfeited Bonuses: Using prohibited strategies, such as betting both sides of a line, can result in the voiding of bonuses and associated winnings.
- Hidden Costs: Users may inadvertently spend more on qualifying wagers or miss out on cashing out due to bonus-specific restrictions like excluded CashOut options.
- Potential Account Locking: Bonus abuse, multi-accounting, or perceived irregular activity could result in account suspension or permanent bans.
- Encouragement of Risky Behavior: Bonuses may inadvertently encourage larger or riskier bets to maximize returns, which can negatively impact responsible gambling practices.
🧑🏼⚕️Bonuses Best Practices
Responsible gambling should always be a part of your game plan, no matter the bonus or promotional offer. Before opting in for any bonus at any sportsbook, be sure to consider these responsible gambling best practices:
- Deposit Limits: Bettors can set limits on their deposits to control their spending with all licensed sportsbooks in the U.S. and Canada.
- Loss Limits: This lets you limit the amount you are willing to lose over a certain period.
- Time-Outs and Self-Exclusion: Options for users to take a break from gambling or exclude themselves from the platform for a set period.
- Never Chase Loses: If you lose, you lose. Don't try to make up for lost funds with another bet.
Industry Regulations
Regulatory bodies in the US and Canada oversee the operation of online sportsbooks, ensuring fair practices and the promotion of responsible gambling. These regulations also dictate the terms under which bonuses can be offered and claimed.
What We Think About Bonuses
Sportsbook bonuses add an element of value and excitement to the betting experience but come with many responsibilities and risks. It is essential to understand the types of bonuses, their claim procedures, and the associated terms and conditions. Bettors are encouraged to engage in responsible gambling practices, making use of the tools and resources provided by sportsbooks to ensure a safe and enjoyable betting experience.
