Bonus bets, once popularly known as free bets, are one of the most sought-after betting bonuses in the US. They offer bettors an opportunity to place a wager only risking the Bonus Bets itself. Essentially, the sportsbook gives you a “bonus” amount to bet with, and if your bet wins, you get the profit without staking your own cash.
Best Bonus Bets offered by Sportsbooks 2024
Here’s a list of the best Bonus Bets offered by US Sportsbooks 2024:
| Crab Sports Maryland | Bonus | Promo Code | |
|---|---|---|---|
 |
Up To $500 in Second Chance Bet | Promo Code: BBONUS | Go to Crab Sports |
| Sportsbook | Bonus Bets |
|---|---|
| FanDuel | Bet $5, Get $200 in Bonus Bets |
| DraftKings | Bet $5, Get $200 in Bonus Bets |
| Bet365 | Bet $1, Get $365 in Bonus Bets |
How Bonus Bets Work
Bonus bets are typically awarded to bettors as a sign-up offer, after you have made your first deposit. Once you qualify for a bonus bet, the betting site will credit your account with a specified amount. You can use the bonus bet amount to place a wager on eligible markets. The process is similar to placing a regular bet, but you’ll select the bonus bet option when confirming your wager. If your bonus bet is successful, you’ll receive the profit from the bet, excluding the original stake. For instance, if you use a $10 bonus bet on odds of 3.0 and win, you’ll get $20, not $30, as the original $10 isn’t returned.
Since you’re not using your own money, there’s no financial risk involved. Bonus bets allow you to explore new markets or sports without any financial commitment. Successful bonus bets can give your betting bankroll a significant boost.
Key Terms and Conditions
Bonus bets often come with an expiration date. If you don’t use them within the specified period, they might expire. Some sportsbooks restrict the use of bonus bets to specific markets or events. There might be a minimum odds restriction, meaning you can only use the bonus bet on selections with odds above a certain threshold. Some sportsbooks require you to turnover any winnings from a bonus bet a certain number of times before withdrawal.
Always read the T&Cs associated with bonus bets to ensure you fully understand how to use them. Don’t let your bonus bets expire. Keep track of the expiration date and use them in time. Just because it’s a bonus bet doesn’t mean you should make hasty decisions. Always bet responsibly.
How to Maximize your Bonus Bets
Before using your bonus bet, conduct thorough research to increase your chances of making a profitable selection. Spread your bonus bets across different markets or sports to diversify risk. Regularly check the promotions page of your sportsbook to stay updated on new bonus bet offers.
Bonus bets, while a fantastic promotional tool, require a strategic approach to maximize their potential. By understanding how they work and being aware of the associated terms and conditions, bettors can use bonus bets to their advantage, enhancing their overall betting experience. Whether you’re a seasoned bettor or just starting out, leveraging bonus bets can be a game-changer in your sports betting journey.