Best 7 Sports Betting Bonuses & Promo Codes in November 2022 – Gaming Today
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The United States has created some of the most competitive sports betting and online gambling industries in the world. Bettors will mainly find deposit bonuses, risk-free bets, and no-deposit bonuses. Read on for information on the best US sports betting bonuses and our exclusive promo codes.
States like Arizona, Colorado, Michigan, and New Jersey have some of the best sports betting bonuses on the market. So whether you are looking to bet on the Super Bowl, the World Cup, or a Wednesday afternoon baseball game, you will find great betting action and great promos!
DraftKings is the third major sportsbook brand of the three major sportsbook brands in the United States. It’s also available on iOS and Android devices, as bettors should expect from a sportsbook brand that big. Like FanDuel, DraftKings has grown from a fantasy sports giant to a sportsbook and online casino giant. Its available products depend on the state bettors live in. However, its sportsbook is consistently rated one of the best sportsbook apps on the market.
DraftKing’s welcome bonus is a little tricky to redeem though. First, bettors must make their first deposits in the amount that they’d like to redeem. Then bettors must wager $5 to receive $1 in site credits.
|📱DraftKings Sportsbook Promo Code||Click To Claim|
|💰 Free Bet Offer||$50 free with $5 deposit|
|💵 Deposit Match||20% Match Up To $1,000|
|✅ Last Verified||November 2022|
Like most major sportsbook brands, BetMGM is available on iOS and Android devices. Like FanDuel, it’s one of the three major sportsbook brands in the United States. But unlike DraftKings and FanDuel, BetMGM is a casino-operated sportsbook. Part of its strategy is to encourage MGM Grand customers to use the BetMGM app. BetMGM allows bettors to accumulate reward points with their betting activity. So, it’s a great app for bettors who frequent MGM Grand properties. (Or for bettors who would like to.)
BetMGM’s bonus offer can only be redeemed on the first bet. Bettors will also only receive bonus credits if they lose. If bettors win, then they get their winnings, which is a better deal than a flat refund with no financial gain.
The Caesars Online promo code offers up to a $1,250 first bet + 1000 Tier Credits + 1000 Reward Credits®. Automatically qualify for the deal by using the link above. Terms and conditions apply.
Beyond the new player deal, Caesars Online offers nice market depth, competitive odds, and an intuitive platform. But it truly shines with the ongoing promotions, which include excellent parlay bets, odds boosters, and other deals that make Caesars worth checking routinely.
Depending on the state bettors live in, they may know BetRivers by the BetRivers brand name or by PlaySugarHouse. It’s another sportsbook that has an online casino product in addition to its sportsbook. So bettors who are prolific gamblers may like the additional products. However, BetRivers really comes into its own with its rewards program. As bettors accumulate points, they unlock new features, like additional bonuses, and at the highest levels, expedited withdrawals. It requires consistent large bets, so it’s tailored to high-rollers. So, bettors who spend a lot of money should consider a BetRivers account.
FanDuel is available for iOS and Android devices, making it an easily accessible app on any platform. It’s one of the three major sportsbook brands in the United States. It grew from a fantasy sports giant into a sportsbook and online casino. Depending on the state bettors live in, they’ll be able to access several of these products. However, FanDuel’s sportsbook is one of the strongest products in its portfolio. It offers consistently strong odds on underdogs. So bettors who want to take a chance should consider creating a FanDuel account.
Its welcome bonus is good for bettors who have some cash to spend upfront too. The welcome bonus can only be redeemed once, so bettors who can place a big bet up front can get a lot of site credits to use in later bets.
PointsBet is a young Australian company that’s quickly made a name for itself. What sets it apart is its unique type of betting, appropriately called PointsBetting. PointsBetting gives bettors exponential winnings depending on how off the fixed odds set by PointsBet turn out to be. For example, if bettors put money on the over, and the over hits by ten points, bettors win 10x their wager. However, they are penalized exponentially, too. So, bettors on a budget should stick with fixed-odds sports betting.
However, the welcome bonuses could ease some bettors’ concerns. Bettors can get site credits in return for lost wagers. However, they’re good for bettors’ first bets only, so bettors should decide how to use these bonuses ahead of time.
Unibet Sportsbook is not as widely available in the US as some of its competitors, but it’s a solid user-friendly app that bettors of all backgrounds will enjoy, especially new bettors. It has a great selection of international sports. Unibet offers different welcome bonuses depending on the state you’re in. New users in Virginia, Indiana, and Iowa can claim a risk-free bet up to $100. New users in Arizona and New Jersey can claim up to $250. The largest welcome offer is a risk-free bet up to $500 available to new users who register with Unibet in Pennsylvania.
#3 Michigan at #2 Ohio State
Saturday @ Noon ET
If you will forgive the pun, there is a veritable feast available for sports gluttons this week. The World Cup continues, as does NFL action (including the normal slate of Thanksgiving Day games) and NBA matchups. But college football has to take the main stage this week, with only two weeks left until the committee reveals its final College Football Playoff Rankings.
Thanksgiving week is traditionally rivalry week in college football, and no rivalry stands taller than The Game between the Wolverines and the Buckeyes. Many call it the greatest rivalry in all of sports, and almost every year, huge stakes are on the line when the football behemoths collide. This year is certainly no exception, as the winner is destined for the Big Ten Championship game and a real good shot at the Playoff, while the loser will be left to simply hope the committee lets them in.
The nation will be watching. Michigan bettors will likely be adding a little extra excitement by putting some money down. Ohio sports betting, on the other hand, has to wait until January 1st. So this might be a good time for Ohioans to cross the border into Pennsylvania, West Virginia, or Indiana to put down a quick wager. Of course, they could step into the Wolverine State as well…but that’s a risky proposition on the week of The Game.
Often, we discuss parlays in this section because that is normally the best way to get the kind of odds you need for a huge win. However, when the biggest upset in World cup history occurs…well, that is also an opportunity for a huge win…especially if you wait until after the underdog is already trailing 1-0.
One of our customers placed a $1,000 live bet on Saudi Arabia ML this morning while they trailed 1-0 to Argentina.
That bet paid out $21 THOUSAND 💰 pic.twitter.com/seUJndcMPi
— FanDuel Sportsbook (@FDSportsbook) November 22, 2022
Honorable mention goes to the Caesars Sportsbook bettor that did a 2-leg parlay with Saudi Arabia and Australia, two huge underdogs. After Saudi Arabia’s win, Australia got off to a 1-0 lead, and this bet looked to cash. However, it was not to be, as France roared back to take a 2-1 lead by halftime and cruised to a 4-1 victory.
*Note: This example does not prove that sports betting is guaranteed to pay big. The house always wins, so practice responsible gaming and only bet what is within your means.
There are a few types of bonuses that bettors will see repeatedly. Deposit bonuses reward bettors for how much they wager after making large deposits. Risk-free bets refund lost bets in site credits up to an advertised amount. VIP and loyalty programs unlock new perks for bettors who bet big and bet consistently. Finally, no-deposit bonuses just give bettors a few site credits for signing up. These bonus types can be packaged as welcome bonuses or ongoing promotions.
Deposit bonuses are some of the most eye-catching bonuses on the market. However, they include important terms that bettors can easily miss. Bettors’ first deposits often set the number of site credits that bettors are eligible to receive. However, bettors must bet their money to actually receive the bonus credits. For example, DraftKing’s deposit bonus has a 5x playthrough requirement. That means bettors must wager $5 to get $1 in site credits. Redeeming this type of bonus requires the most planning of the welcome bonuses offered on the sportsbook market.
Risk-free bets are refunds that bettors receive in site credits when they lose a bet. These are often used as eye-catching welcome bonuses. However, they can be used in smaller amounts as ongoing promotions, too. When bettors place a bet and lose, they’ll get site credits equal to their lost stakes, up to an advertised amount.
No-deposit bonuses are what they sound like. They’re small amounts of site credits that bettors get when they successfully sign up. They’re not hard to earn, but they don’t go very far. They’re just early incentives for bettors to try betting. It’s easier to try sports betting for the first time using someone else’s money than with a bettor’s own money. So, even though the amounts are often small, they go a long way toward grooming future sports bettors.
Loyalty and VIP programs are best for bettors who can consistently bet a lot of money. They track a bettor’s betting activity and rewards them based on that activity. For example, BetRivers has a rewards program that unlocks new features for high rollers. That could include new bonuses, expedited withdrawals, and even personal bankroll assistants. However, many of these features are exclusive to the highest levels of the rewards program. So, they’ll take a lot of work to unlock.
Taking advantage of a welcome bonus means choosing a sportsbook that offers an attractive welcome bonus. So, bettors have to start by browsing through sportsbook apps, either on the App Store or the Google Play Store. Sportsbooks also have websites where bettors can wager on their desktops or in their browsers. Then, bettors must sign up. The registration process is where many bettors unlock the sportsbook’s welcome bonus. On the first or third registration step, there will be a section for bettors to enter a promo code for a special welcome bonus.
However, bettors must also satisfy the welcome bonus’s terms and conditions. Bettors may have their bonuses begin when they make their first deposits. If that’s the case, then bettors must ensure that they deposit enough to get their desired amount of bonus money out of the sportsbook. But if a bettor’s first wager sets the bonus off, then bettors should pick their first bet with care. A refunded loss is a good way to take a chance on an underdog. So, bettors should be prepared to strategize.
Once bettors have won, bettors can make their first withdrawals. The withdrawal section will be near the deposit section of a bettor’s account. Bettors just have to go there, decide how they’d like to make the withdrawal, then wait. Withdrawals take longer than deposits do because sportsbooks must know who the money is going to. They can take a few business days to clear.
However, bettors must be careful to download a brand’s sportsbook app and not confuse it with a daily fantasy sports site, an online casino, or a different state’s app.
Sportsbooks want you to sign-up, but they also want you actively betting once you do. That is where the terms and conditions often come into play. While the bonus’s perceived value gets you to sign-up, to take advantage of it, you have to meet specific requirements.
Those requirements, described in the terms and conditions, are designed to keep you betting.
There is often a roll-over or play-through requirement attached to first deposit bonus offers. Sportsbooks are not going to just give you money because you deposited some. They want to know that you are going to gamble.
Before you can withdraw any bonus money, you will have to place bets equal to or higher in value to your deposit a set number of times. For example, if a sportsbook has a $1000 first deposit match bonus and has a 10x roll-over requirement, you will have to bet $10,000 before you can withdraw any bonus money.
Sound simple? That depends on how much time you have to work with.
Sportsbooks will not give you $1000 for betting $10,000 over a few years or even a few months. They want to see you betting early and often before they give you any free money. To that end, you will have anywhere from seven days to thirty days in most cases to fulfill whatever requirements must be met.
Or, in the case of free bets received in conjunction with risk-free bet offers, you will have to use those free bets within a given timeframe or lose them. If you do, great. Enjoy your bonus money. If you do not, you can forget about that bonus.
But just any old bet will not count toward the requirement. They will have to be qualifying bets.
The purpose behind a bonus is not to give you free money but to get you actively betting. That is why just any old bet will not count towards your bonus requirement. Sportsbooks want there to be some risk on your end, so betting big on heavy favorites will often not work.
Typically, bets will have odds longer than a given number. For example. Let’s say the odds cannot be shorter than -200. If that were the case, a bet with -250 odds would not qualify, but one with -150 or +150 odds would.
It would be too easy for bettors to meet roll-over requirements if bettors could just put money on Clemson to beat the Citadel.
Bonuses can be great tools for bettors of all levels. But before signing up for one, you need to make sure you understand all requirements. Once you have a grasp on what is required, take a moment to think about whether you can meet those requirements, or if you want to.
A $1000 deposit match sounds excellent, but is it if you must make $10,000 in bets inside of two weeks? That depends on just how active you plan on being. A $250 deposit match may not sound like much. But if you only have a 1x roll-over requirement and two weeks to meet it, that may be the better option.
Every bonus offer can be a great one, but only if you are willing to make the necessary commitment to meet the terms and conditions attached to the offer.
Maryland sports betting launched on November 23, 2022. Be sure to check out their latest launch offers as Maryland looks to become a powerhouse in the sports betting marke
Kansas sports betting fully launched on September 8, 2022. Ontario sports betting became available in Canada as of April 4, 2022. New York online sports betting apps and Louisiana sports betting apps went live in January 2022.
Claim promo offers at DraftKings NY, Caesars Sportsbook NY, FanDuel NY, BetMGM NY, BetRivers NY, and PointsBet NY.
If you do not live in a state that currently offers legal online sports betting, you can use DFS sites or Fliff Sports Betting (which is a social casino, so it uses fake currency that can be redeemed for cash prizes.) It’s not the same as a traditional sportsbook, but they are still fun alternatives in the meantime.
For most bettors, risk-free bets are the most valuable online sports betting bonuses. It’s easier for most bettors to place one large bet than many large bets. The high level of ongoing betting needed to redeem most of a deposit bonus makes it less valuable for casual bettors.
In most states, bettors must be 21. There are a few states with a lower gambling age set at 18. However, most bettors shouldn’t expect online sportsbook access until they’re old enough to drink. Sports betting still counts as casino gambling when it’s online.
Yes. Bettors can claim multiple sportsbooks’ bonuses. However, bettors can only claim each bettor’s bonus once. Welcome bonuses are only meant to be redeemed one time. They’re for enticing bettors. They’re not for sportsbooks to fund bettors’ sports betting careers.
Playthrough requirements are the requirements that some sportsbooks set for bettors to receive bonus credits. DraftKings has a playthrough requirement for its deposit bonus. Bettors receive $1 in site credits for every $5 they wager. That ensures bettors are rewarded for betting and aren’t using free money.
Bonus abuse is creating multiple accounts at the same sportsbook to unfairly leverage sportsbook money. It costs sportsbooks money over time, and they’re good at cracking down on bettors they suspect of committing it. So, bettors shouldn’t borrow their spouses’ social security numbers for an extra sportsbook account.
DraftKing’s bonus is a $1,000 deposit bonus with a 20% match rate. For every $5 bettors deposit, they’ll be eligible for $1 in bonus credits. That amount will be set by bettors’ first deposits. To get the site credits, bettors must wager $5 to get $1 in bonus credits. As long as bettors wager at their normal pace, they’ll maximize their value from DraftKing’s welcome bonus.
$1,000 No Sweat First Bet. If your first bet loses, FanDuel will refund the wager in the form of site credit.
Yes. Many sportsbook bonuses require bettors to spend their own money. That ensures that bettors are rewarded for being engaged with a sportsbook and not just for signing up for a sportsbook account. (No-deposit bonuses are tiny for a reason.)
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