Best Sportsbook Promos & Online Sports Betting Promotions - 2024

Sportsbook Promos: What To Know

As online sports betting has spread across the United States, generous sportsbook promos and bonus offers have followed suit. Most of these sportsbook promotions take the form of signup bonuses and are geared towards attracting new customers. That said, all of the leading online sports betting sites offer daily odds boosts and promos for existing customers as well, albeit at a smaller scale.

Since promos vary from sportsbook to sportsbook, it’s important to make sure you’re claiming the best possible bonus whenever you join a new sports betting site. After all, you only sign up once, so you only get one sign-up bonus. Make the most of it!

The good news is that we’ve done all of the research and shopping for you! Here at Wager Alarm, we have many of our own, unique partnerships with these leading sportsbook operators. This allows us to work with our partners to make sure our sportsbook promos always are among the best available.

Our team also has decades of experience in the sports betting industry. We don’t just know how to find value with our betting picks. We know how to spot the best online sports betting promotions when we see them, and we’ll always share them with our readers here.

Sportsbook Promotions, Bonus Bet Credits, and Promo Codes

Sportsbook promos can have different structures. The most common sports betting promos are Deposit Matches, “Bet & Gets,” and “First Bet Back” offers. In virtually all of these cases, your promos will be redeemed via bonus bet credits that you will need to play through before you can withdraw them as cash.

In the simplest sense:

• Deposit bonuses are where the sportsbook will match the amount you initially deposit with bet credits. As you wager your real money, your bet credits will be released into your account. Again, you’ll need to play through these bonus bet credits before you’ll be able to withdraw them.
• “Bet & Gets” work exactly like they sound. If you bet a certain amount, you’ll be guaranteed to get a much larger amount added to your account as bonus bets. One of the most well-known Bet & Get offers is DraftKings Sportsbook’s “Bet $5, Get $150 Instantly” offer that has been running at the beginning of 2024. Sign up, place a real-money wager of $5 or more, and watch as $150 in bonus bets instantly get added to your account. DraftKings isn’t the only site that runs Bet & Get promotions, which is a great example of why it’s important to find the most current and best sportsbook promos available at any given time.
• “First Bet Back” promos work similarly to a sportsbook refunding your first bet if it loses. The difference here is that your “refund” would be in the form of bonus bet credits, and not cash. For example, if you bet $10 to win $20 as part of a “First Bet Back” sportsbook promo, and your bet won, you’d keep your cash winnings. But if you lost, you’d receive $10 back as bonus bets. FanDuel has referred to these as a “No Sweat First Bet,” which we think is well-put.

Even the best sportsbook promos come with terms and conditions, such as a time limit for when you must use your bonus by. Always read the details for the promotions you’re participating in!

How Do I Claim One Of Your Sportsbook Promotions?

Assuming you’re eligible to participate in one of the sports betting promos listed above, all you need to do is click through one of our links and follow the instructions the sportsbook gives you. Claiming your bonus through one of our links will either automatically add your bonus to your new account, or will automatically populate the necessary promo code for you. Either way, so long as you click through one of our links, you’ll be on your way to claiming one of the best sports betting promos around!