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Best Sign Up Bonus And Sports Betting Offers May 2024

The leading sports betting operators provide large sign-up offers in the form of a deposit match bonus or bonus bet offers to attract new customers. It is a very competitive market, and betting offers help them stand out from their ambitious rivals.

Verified Check Mark Offers Verified on May 27th
Caesars

$1,000 First Bet on Caesars

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Must be 21+ to participate. T&Cs apply.
35 PLAYERS REDEEMED TODAY!
Fanatics

Bet And Get Up To $1,000 In Bonus Bets

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Must be 21+ to participate. T&Cs apply. Play Responsibly. Gambling problem? Call 1-800-522-4700, CT (888) 789-7777, IA 1-800-BETS-OFF, MA (800)-327-5050, VA 1-888-532-3500
BetMGM

Up to $1,500 in Bonus Bets if Your First Bet Loses
Promo Code: BOOKIES

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Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate. Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, KY, LA, MD, MS, NC, NJ, OH, PA, TN, VA, WV, WY) Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for T&Cs. US promotional offers not available in NY, NV, or Puerto Rico.
Bet365

First Bet Safety Net Up To $1,000

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Must be 21+ to participate. Gambling problem? Call 1-800-GAMBLER (CO, KY, LA, NJ, VA). Call 1-800-NEXT-STEP (AZ). Call 1-800-9-WITH-IT (IN). Deposit required. Paid in Bonus Bets. Bets wager excluded from returns. New Customer only. T&Cs Apply.
Betway

Check Out Betway Here

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Must be 21+ to participate. T&Cs Apply.
DraftKings

No Sweat Bet Up To $1,500 + No Sweat NBA SGP Every Day Of The Playoffs

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Must be 21+ to participate. T&Cs apply.
FanDuel

Bet $5, Get $150 in Bonus Bets If Your Bet Wins

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Must be 21+ to participate. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, KY, MI, NJ, OH, PA, IL, TN, VA, VT), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), visit www.mdgamblinghelp.org (MD), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV). GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY).
Hard Rock Bet

Get Up To $100 Back On Your First Bet

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Offered by Seminole Hard Rock Digital, LLC. Must be 21+ and physically present in AZ, IN, NJ, OH, TN or VA to play. Terms and conditions apply. In IN, if you or someone you know has a gambling problem and wants help, call 1-800-9-WITH-IT. In AZ call 1-800-NEXT-STEP or text NEXTSTEP to 53342. GAMBLING PROBLEM? CALL 1-800-GAMBLER (NJ, OH, TN, VA)
BetRivers

2nd Chance Bet Up To $500

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Must be 21 to participate. T&C apply.
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Best Sports Betting Bonus Offers May 2024

Bonus bets are site credits given to new customers and existing customers so they can make wagers without using real money. Bonus bets are awesome, and we encourage you to take advantage of getting them any time you can. Any time you can make a sports bet using a sports betting bonus and not your real money, you have to do it. In this guide on bonus bets, I will teach you everything you need to know about bonus bets. By the time you’re done reading this guide, the hope is that you’ll be an expert on using bonus bets.

What Are Bonus Bets?

Bonus bets are one of the best reasons why you should sign up for as many sports betting apps as possible. For most sportsbooks, bonus bets are part of your new-user welcome package where you can gain bonus bets for signing up for a new account. With bonus bets, you don’t have to use your own real money to place bets, you just have to use your bonus bets instead. This means you take less risk when placing your bets, but you can still have the same potential reward! That’s great!

I will let you know all about the different types of bonus bets in this guide, and I will also let you know what the current offers are from sportsbooks in regards to what the current sports bonus offers are.

Types of Sports Betting Bonus

There are several types of sports betting bonus offers available from the best sportsbooks. Below, I go over the different types of sports betting bonuses, how to claim them, and what makes them great.

Matched Deposit Betting Bonuses

With matched deposit betting bonuses, customers get bonus bets as part of a welcome offer for making a deposit. For instance, you might be able to deposit $100 in real money and get $100 in the form of a matched deposit bonus. While you do have to deposit your own real money as part of a matched deposit betting bonus, we recommend this type of offer.

No-Deposit Bonus Bet

With a no-deposit bonus bet, customers can get a sports betting bonus without having to make a deposit. Anytime you can get a no-deposit bonus bet, we recommend claiming them. You can often get a no-deposit bonus bet as part of a welcome offer or as part of an ongoing offer. Anytime you can get a sports betting bonus, you definitely will want to claim them.

Bonus Codes for Bonus Bets

When you sign up for a new sports betting app, a bonus code may be needed to get the welcome offer, which may contain bonus bets as part of your new-user welcome package. Always check out Bookies.com as we always have the most updated bonus codes.

Promo Codes for Bonus Bets

Similarly, when you sign up for a new sports betting app, you may need to input a promo code to claim the welcome offer, which may include getting bonus bets back. Once again, refer to Bookies.com as we always have the latest and greatest promo codes for bonus bets.

Money Back as a Bonus Bet

When you place a bonus bet and you win, you will get money back in the form of real money. While you can’t withdraw a bonus bet itself, you can withdraw the winnings you get from using a bonus bet to make a successful wager. 

In-Play Bonus Bets

With in-play bonus bets, you must place wagers on bets being made in-play. Usually, you can use your bonus bets on pre-game wagers, but sometimes they are only for in-play bets.

Bonus Bets Enhanced Odds

With bonus bets enhanced odds, you can use your bonus bets to place wagers on daily odds boosts, meaning you will get better odds than you normally would on your wagers.

Bonus Bets for Existing Customers

New customers to sportsbooks often get bonus bets as part of their welcome offer, but existing customers are not left in the dust. There are ongoing promotions where you can get bonus bets, and sometimes you will be given bonus bets just for being a loyal customer.

How to find New US Sports Betting Sign-Up Bonus Offers

The Bookies.com team always has the latest and greatest new-user sign-up offers from the best sports betting sites in the United States. Check our website every day to see what new offers are out there. The welcome offers are updated daily, so check Bookies.com every day to see what is offered.

Best Betting Sites with Sign-Up Bonus

When it comes to the best betting sites, I recommend signing up for as many as possible. There are several reasons why I would advise that. First, you can take advantage of all the welcome offers available. Second, you can see what certain sportsbooks excel at in comparison to other sportsbooks. For instance, if you love same-game parlays, then a sportsbook such as DraftKings excels in this area. Once again, it’s worth signing up for several sportsbooks and seeing which you like the most.

Sportsbooks Bonus Bets vs. Betting Bonus Offers

A bonus bet offer gives customers the chance to place a wager using a site credit and not using their own real money. Any time you get the chance to use a bonus bet, we highly recommend doing so. In addition to bonus bets, there are other betting bonus offers given by sports betting apps. 

For instance, enhanced odds, also known as daily odds boosts, give you the chance to make a wager and get better odds than you normally would when you make it. In terms of free spins, these apply more to online casinos, where you can get free spins as part of your welcome offer or other ongoing offers.

What Makes a Top Sports Betting Bonus Offer? 

Several components make a top sports betting bonus offer. First, the ease of acquiring the bonus is important. The easier it is to claim the bonus – in terms of a minimum deposit, etc. – is key right off the back. Second, the size of the bonus is very important. 

If you can get a $100 bonus bet, that is better than a $5 bonus bet. Third, the fewer terms and conditions to meet, the better. For instance, a 1x rollover attached to a bonus bet is much better than a 10x bonus attached to one. In general, look for bonus bets that are the easiest to acquire, offer the biggest bonus bet, and lowest rollover.

Best Betting Sites with Bonus Bets

Below is a list of the best sports betting sites and their new-user welcome offers. I will give a brief review of all of these brands below and explain to you why each of them is worth signing up for.

BetMGM

The BetMGM bonus code BOOKIES gives new customers up to $1,000 in the form of bonus bets if your first bet loses. Just sign up for a new BetMGM Sportsbook account, deposit at least $10, and then place your first bet. If it loses, you will get back up to $1,000 in the form of bonus bets. The bonus bets come in the form of one single bonus bet if your first losing wager is for less than $50, or in five equal bonus bets if your first losing bet is for more than $50. You get one week to use your bonus bet and your bonus bet comes with a 1x rollover attached to it.

Caesars

With the Caesars promo code BOOKIES1000, new customers can get back up to $1,000 in the form of a single bonus bet if their first wager loses. Just sign up for a new Caesars Sportsbook account, deposit at least $10, and then place your first bet. If your first wager loses, you will get back up to $1,000 in the form of a single bonus bet to use on any sports bet you’d like. You get 14 days to use your bonus bets, and they come with a 1x rollover.

ESPN Bet

The ESPN BET promo code BOOKIES gives new customers $150 in bonus bets for making a $10 first bet. Just sign up for a new ESPN BET account, deposit at least $10, and then place your first bet. You will then get $150 in bonus bets win or lose, in the form of five $20 bonus bets and one $50 bonus bet. You get one week to use your bonus bets and they come with a 1x rollover.

DraftKings

The DraftKings promo code gives new users the chance to bet $5 and get $200 in bonus bets immediately. Just sign up for a new DraftKings Sportsbook account, deposit $5, and then bet $5 on any sport. You will then get $200 in bonus bets in the form of eight $25 bonus bets which you then get one week to use and which come with a 1x rollover attached to them.

Betway

The Betway promo code gives new customers a first-bet reset for up to $250. Just sign up for a new Betway Sportsbook account, deposit at least $10, and then place your first bet at -300 or greater odds (i.e. -250, +250). If your first bet loses, you will get back up to $250 in bonus bets that you get one week to use and which come with a 1x rollover attached to them.

FanDuel

The FanDuel promo code gives new customers the chance to bet $5 and get $150 in bonus bets. Just sign up for a new FanDuel Sportsbook account, deposit $10, and then bet $5 on any sport. You will then get $150 in bonus bets, which you can use in any smaller denominations of your choosing. You get one week to use your bonus bets, which come with a 1x rollover.

BetRivers

The BetRivers promo code allows new customers to get a second-chance bet for up to $500. Just sign up for a new BetRivers Sportsbook account, deposit at least $10, and then place your first bet. If your first bet loses, you will get back up to $500 in the form of bonus bets. You get one week to use your bonus bet and the bonus bet comes with a 1x rollover attached to it. You can also break down the bonus bet amount into smaller bonus bets if you would like to.

bet365

The bet365 promo code BOOKIES gives new users a first-bet safety net for up to $1,000. Just sign up for a new bet365 Sportsbook account, deposit at least $10, and then place your first bet. If it loses, you will get back up to $1,000 in bonus bets, which you can then use in any denominations of your choosing and which do not come with an expiry date. The bonus bets are subject to a 1x rollover, as you would expect, and you must use them on sports bets at -500 or longer odds (i.e. -400, +400).

Fanatics

With the Fanatics promo code, new customers can get back up to $1,000 in the form of bonus bets. Just sign up for a new Fanatics Sportsbook account and deposit at least $5. Then, for your first 10 days after signing up, make your first bet each day at -200 or longer odds (i.e. -150, +150) for up to $100 and get back an equivalent bonus bet if your first bet loses. You can do this for 10 days, meaning you can get back up to $1,000 in total bonus bets at Fanatics. You get up to seven days to use your bonus bets at Fanatics, and they come with a 1x rollover.

Bonus Bets For Existing Customers

New customers at the best sports betting apps are often given bonus bets as part of their sign-up welcome bonus. In addition to that, existing customers can also gain bonus bets as part of ongoing promotions and additional bet-and-get offers. 

Bonus bets may also be given periodically to existing customers as part of a customer loyalty program. We love bonus bets because you can bet on all your favorite sports and you don’t have to use your actual real money to do so. We recommend taking advantage of all the bonus bet offers you can take advantage of from the best sports betting apps.

Bonus Bets Terms & Conditions

It is crucial to always make sure you understand the terms and conditions attached to using a bonus bet. Typically, these come in the form of minimum odds, minimum deposits, and time limits for placing the bets and for how long you can use your bonus bets. While it’s not fun to sift through the terms and conditions, it could be the difference between you winning money and not being eligible for a bonus.

At Bookies.com, we always let you know the terms and conditions right off the bat so you are well aware of what they are before you place your bets. Once again, it is crucial to understand what the terms and conditions are before placing your wagers using bonus bets, and it’s also important to understand what the terms and conditions are for attaining the bonus bets in the first place.

What Sports Can I Use A Betting Bonus On?

The best sportsbooks offer you many sports betting markets to place your wagers on, including the most popular sports such as NFL football, NBA basketball, MLB baseball, NHL hockey, soccer, golf, tennis, and UFC/MMA. In addition, you can wager on smaller markets such as darts, volleyball, and handball. Every sports betting app has slightly different markets to wager on, which is why we recommend signing up for more than one sportsbook, so you can bet on every sport you can think of.

I also want to mention that sports betting apps will take advantage of the big sporting events as a chance to alter their welcome offers. For instance, when the Super Bowl rolls around, you’ll see bonuses related to The Big Game offered by the sportsbooks. Once again, it’s worth checking out the sports betting apps daily to see what new offers are being given out. You never know what new bonuses are being given out, so don’t be afraid to log into your account and see what’s new!

⚾ World Series Bonus Bets

The World Series takes place during October (and sometimes in November) and is the culmination of the MLB season. The American League’s top team meets the National League’s top team for the Commissioner’s Trophy. For baseball fans, this is the biggest sporting event of the year, and sportsbooks often give out bonus bets as part of offers.

🏀 NBA Finals Bonus Bets

The NBA Finals take place in June and it marks the end of the NBA basketball season. The top team from the Eastern Conference takes on the top team from the Western Conference for the Larry O’Brien Championship Trophy in June. For basketball fans, the entire year boils down to this final matchup between the league’s top two teams. Once again, there are often bonus bets given out as part of NBA Finals promotions.

🏇 Breeders’ Cup Bonus Bets

The Breeders’ Cup is one of the biggest horse racing events of the year. It takes place in November, and it takes place at a different race track each year. The best horses race against each other, and there is tons of money involved. For horse racing enthusiasts, the Breeders’ Cup is always a very exciting event.

🏇 Stanley Cup Bonus Bets

The Stanley Cup is what every hockey fan in the world looks forward to every year. The best team in the Eastern Conference meets the best team in the Western Conference each June to claim Lord Stanley’s Cup. It is one of the most fabled trophies in all of sports, and it is a massive sports betting event every year. As you can guess, sportsbooks often have bonus bet offers tied into the Stanley Cup finals.

🏈 Super Bowl Bonus Bets

The Super Bowl is far and away the biggest sports betting event of the year. It is the most highly-watched sports betting event of the year in North America, and it is the sports betting event that takes the most betting handle in terms of money. The top football team from the AFC meets the top team from the NFC in early February for the Vince Lombardi Trophy. The game takes place at a neutral site each season. There are always bonus bet offers from sportsbooks tied into the Super Bowl.

How Do Bonus Bets Work?

Using a bonus bet is easy to do, and I’m here to guide you through the process. Here’s how it works. Go to your sportsbook of choice, and then add a bet to your bet slip. From your bet slip, instead of adding in a stake amount using your own real money, you would instead click off on the “use bonus bet” option that is on the screen. This ensures that you will be using your bonus bets instead of real money to place your bets. If your wager using a bonus bet wins, you will be given your winnings in the form of cash, but your stake using the bonus bet will not be returned. If your wager using a bonus bet loses, you won’t lose any real money, although your bonus bet will be removed from your account.

Once again, I highly recommend signing up for as many sports betting apps as you can and taking advantage of all the new-user welcome offers to claim as many bonus bets as possible. The more bonus bets, the better! If you don’t have to use your own real money to place bets, why would you? Take advantage of all the best welcome offers right now and use as many bonus bets as you can.

Are Bonus Bet Offers Legal In The USA?

Yes, bonus bet offers are legal in the USA. Practically every sports betting app in the country offers bonus bets for their customers as part of their new-user welcome offer, or as part of ongoing offers. If sports betting is legal in a certain state, then it’s more than likely bonus bets are part of the welcome offer. Once again, I encourage you to sign up for all the sportsbooks and check out all the bonuses.

Frequently Asked Questions

What is a bonus bet?

A bonus bet is a site credit given to customers by sports betting apps where you can place wagers using site credit and try to win real money if your bet wins. In general, you will be given your winnings, but not your stake, as the bonus bet itself has no real-money value.

What is a betting offer?

Betting offers provide potential customers with incentives to sign up with an online sportsbook. The best betting sign-up offers include deposit match bonuses, and huge odds boosts. Gambling sites also provide betting offers for existing customers to encourage them to place more wagers and dissuade them from taking their business elsewhere.

How to get the latest sports betting offers

Bookies have rounded up the most exciting betting sign-up offers from legal, trusted online sportsbooks. You can bookmark our betting offers page and return on a regular basis to find all the latest betting site offers and sports betting promotions. We provide readers with any promo codes necessary to unlock the best bookmaker offers.

How do betting offers work?

You normally need to make a minimum deposit to claim the best sports betting offers. Some sportsbooks match your first deposit amount immediately with bonus funds, while others require you to place a qualifying wager. The concept tends to be the same: risk some of your own money to unlock bonus funds and complete wagering requirements before cashing out.

Can you cash out a betting offer?

You cannot use the early cash out feature on any bonus credits received from betting site offers. It is a helpful feature, as it allows you to end a live bet before the game finishes, but it could easily be manipulated by anyone trying to complete rollover requirements. You must let bonus bets run until the end of any contest.

Are betting offers worth it?

The best bookmaker offers are always worth claiming. If you find a large sign-up offer or ongoing sportsbook promotions that come with a 1x playthrough requirement, we recommend taking advantage of it. The only betting offers to avoid are those that tie you down to unrealistic rollover requirements.

Are there restrictions on sports betting offers?

There will be restrictions on many betting special offers and betting promotions. For example, you may need to make a minimum deposit to qualify, and you must then complete rollover requirements. There could be minimum odds requirements, and sportsbooks may restrict the types of wagers you can place. So, check the terms and conditions.

What are the best types of betting sign up offers?

A deposit match bonus and large “bet and get” deals tend to be the best betting sign-up offers. A deposit match bonus with a 1x playthrough requirement is very appealing. Offers such as “Bet $5, Get $200” and “Bet $10, Get $200” from operators like DraftKings and FanDuel are also highly attractive.

How do bonus bets work on Fanduel?

At FanDuel, you can use bonus bets to place a wager on your favorite sports. If your bet using bonus bets wins, then you can withdraw your winnings.

How do bonus bets work on DraftKings?

At DraftKings, you can use bonus bets to place a wager on your favorite sports. If your bet using bets wins, then you can withdraw your winnings.

How often does Fanduel give bonus bets?

FanDuel gives new customers bonus bets for signing up, and then occasionally there will be ongoing promotions offered to all customers where you can attain additional bonus bets.

Can you cash out bonus bets?

You can use your bonus bets to place wagers, and if your bets win, then you can withdraw the winnings.

Can you get a bonus bet from a bonus bet?

No, when you use bonus bets you can only win real cash from a successful bet using them. You don’t win bonus bets from bonus bets.

Can you withdraw bonus bets?

No, you can’t withdraw bonus bets. You have to use them to make bets, and if your bets win, then you can withdraw your winnings.

Are bonus bets free?

Yes, bonus bets do not cost you any real money and are given to you as part of promotions from the sports betting app you are using.

Can you withdraw bonus bet winnings?

Yes, you can withdraw the winnings you gain from a successful wager using a bonus bet.

About the Author

Adam Martin for Bookies.com
Adam Martin
A writer based out of Toronto, Adam Martin has covered professional sports, with an emphasis on sports gambling, for more than a decade, writing for such outlets as The Toronto Star and Sportsnet. He is an expert in UFC, while also covering NHL betting and the Stanley Cup.