Best Sportsbook Promos 2025 | Top New Customer Bonus Bets

What Is A New Bet Account Offers?

New bet account offers are extremely common in sports betting.

Even if you’re new to gambling, you’ve probably seen a bonus that has a Bonus Bet reward attached to it.

Basically, with a new bet account offer, you’re given a bonus of a set amount that you can use to place a bet.

The amount that you’re given can’t be broken down into smaller amounts, and your total payout will not include the bonus given to you by the sportsbook, i.e., you only receive the winnings minus the Bonus Bets stake used to place your wager.

For example, let’s say that a sportsbook has rewarded you with a $10 Bonus Bet.

You can only bet this entire amount at once, meaning that you can’t split this into two $5 bets. Also, on most sportsbooks, you’ll only receive the winnings.

If you place this Bonus Bet on an event priced at +100 and you end up winning the wager, you’ll only receive the winnings, which will be $10 in this case.

What To Look For When Choosing New Customer Bonus Bet Offers?

Before going for Bonus Bets, always consider these crucial factors:

Wagering Requirement – If a bonus has a high wagering requirement, it will be harder for you to convert the bonus into withdrawable cash.

Most Bonus Bets usually have a 1x wagering requirement, meaning that you just need to use the Bonus Bet to place a single wager for you to receive the withdrawable winnings.

Some sportsbooks may have higher wagering requirements, so always make sure that you’re going for a bonus with favorable wagering requirements.

Minimum Odds – Most bonuses, including Bonus Bets, usually state that the bonus—or the qualifying wager in appropriate circumstances—needs to be placed on a bet that meets certain minimum odds.

Typically, most sportsbooks restrict bettors to odds of -200 or greater. We suggest avoiding bonuses with extreme odds requirements since it will be harder for you to claim your winnings from such bonuses.

Bonus Bets Validity Period – One crucial thing that seems to be ignored by many bettors is the expiration date of a bonus.

Most sportsbooks will give you seven days to use the Bonus Bets, though some might give you more time depending on the wagering requirements attached to the bonus.

Always check how long a bonus is valid for as this will not only allow you to plan adequately, but you’ll also be able to gauge whether you can use the funds within the allocated time.

Sportsbook Offering The Bonus Bets – Always check whether the sportsbook advertising the Bonus Bets is legal and licensed.

Unlicensed sportsbooks can have extremely lucrative offers but they rarely deliver on their promises, not to mention that your money is never safe with such sites.

Different Types Of Bonus Bets

Thankfully, there are many types of new bet account offers.

So bettors can pick their preferred alternative instead of settling for one specific type of bonus.

To help you figure out which one to go for, we are going to discuss the different types of Bonus Bets that you’ll find on most sportsbooks.

Second Chance Bets

As the name implies, this type of bonus aims to give you a second chance if you lose.

Essentially, with second chance bets, you’re guaranteed a refund if your bet loses.

The refund can be given as Bonus Bets, site credit, or cash, depending on the terms of the bonus. On the other hand, if your wager wins, you won’t receive any bonus from the sportsbook, but in such a situation, you’ll have the profit from your wager.

Second Chance Bets are commonly offered to new customers and the refund usually applies to a bettor’s first-ever wager.

For instance, FanDuel has a $1,000 welcome offer, meaning that your first wager on the site is insured for up to $1,000. Let’s say that the first wager that you place on FanDuel after signing up on the site is a $500 bet.

If you lose that wager, FanDuel will give you a refund of the same amount in the form of site credit. So it’s almost as if that loss never happened, right?

Matched Bet Bonuses

If you want to increase your stake instead of settling for a potential refund, this type of bonus is perfect for you.

Just like a bonus bet, you need to make a deposit and place your first bet; however, with a matched bet bonus, you’ll receive Bonus Bets worth the same amount whether your first bet wins or loses.

For instance, if your first wager is a $50 bet, the sportsbook will reward you with a $50 Bonus Bet once they settle your first bet.

Matched deposit bonuses are also similar to this bonus offer. The major difference is that your first deposit is the one that is matched in a deposit bonus instead of the stake of your first wager.

No Deposit Offers

Of all the bonuses we’ve mentioned, none are as unique and highly sought after as betting sites’ no deposit offers

This is because of one simple reason: you don’t need to make a deposit to receive this bonus.

Essentially, you’re betting using the bookies’ money. And who wouldn’t love to do that?

While no deposit offers are great, the downside is that most sportsbooks usually offer a paltry amount—most no deposit offers are usually between $5 to $25.

It’s also common for such bonuses to have steep playthrough requirements; a sportsbook will not let you walk away scot-free, after all.

So instead of using the funds to place a single wager and withdrawing the winnings, you may have to place several bets for you to withdraw the bonus.

DraftKings previously had a $25 no deposit Bonus Bet that gave bettors the chance to try out the site without requiring a deposit from them.

Other Bonus Bet Offers

Aside from the four that we’ve mentioned, you can still receive Bonus Bets through several other offers.

One common way is by participating in sports-specific promos. For example, during the 2021 NBA playoffs, DraftKings had a 40-1 promo that rewarded new bettors with 8 Bonus Bets worth $25 each if their $5 moneyline wager on any of the playoff teams won.

Aside from that, some VIP programs also give bettors the chance to convert loyalty points into Bonus Bets.

If you’re taking part in a loyalty scheme and you’re interested in Bonus Bets, you can check whether your sportsbook has listed Bonus Bets as one of the rewards of the loyalty program.

How Bonus Bets Sign-Up Offers Work

Understanding how Bonus Bets work is extremely easy. Keep in mind that the exact specifics of the Bonus Bets will depend on the sportsbook and the terms of the offer.

That being said, here are some general things that you need to know regarding Bonus Bets. First, if you place a bet using Bonus Bets, your main account balance will remain intact.

But, as we mentioned, you’ll only receive the winnings from the bet and not the stake plus the winnings as you would normally do.

Another thing to keep in mind is that Bonus Bets are commonly included in sign-up offers, so the easiest way to get Bonus Bets is by creating a new sports betting account on a sportsbook that has advertised a Bonus Bet offer.

If it’s a sign-up bonus, most sportsbooks will give you the Bonus Bets once you sign up and deposit a certain amount, while others may require that you enter a valid promo code during the sign-up process.

If you’re wondering why a sportsbook would give Bonus Bets to new bettors, it’s simply because they want to earn your loyalty so that you can continue to place sports bets on their site.

Competition in the industry may be stiff, but the easiest way to attract potential customers is by offering them a welcome bonus.

Advantages Of Bonus Bets

Here are a few advantages of Bonus Bets:

• Allow new bettors to test out sportsbooks without investing too much.
• Bonus Bets give you more security when you wager.
• Bonus Bets increase your bankroll.

Disadvantages Of Bonus Bets

Though Bonus Bets are mostly advantageous to bettors, here are a few disadvantages associated with them:

• A lot of Bonus Bets deal with significantly meager amounts.
• Some Bonus Bets have extreme playthrough requirements, making them hard to cash in.
• Bonus Bets with a lot of terms and restrictions can be a headache for bettors.

Restrictions Around Betting Offers

As we’ve mentioned in the above section, it’s extremely common for Bonus Bets to have a lot of restrictions. Here are a few of the most common restrictions:

• Bonus Bets can’t be split: If you have Bonus Bets of a certain amount, you need to wager it all at once. For example, if you receive a $25 free bet, you can’t break it down into smaller $5 wagers.
• Validity Period: Bonus Bets typically have a 7-day validity period. If you fail to utilize the funds within this period, you’ll end up losing the bonus.
• Maximum win: There may be a maximum amount that your Bonus Bets can yield. Always check the terms of the bonus so that you’re aware of the maximum amount that you can win from your Bonus Bets.

How To Get Bonus Bet Offers

The easiest way to get Bonus Bets is by searching for sportsbooks with welcome offers. During this stage, it’s important to compare welcome offers from different sportsbooks, as this will allow you to settle for the best alternative.

Apart from the amount being offered, you should also consider the playthrough requirements and the validity period of the bonus; all of this is essential in helping you choose the perfect Bonus Bet offer.

Once you’ve spotted an attractive welcome offer, you need to sign up on the site by creating a sports betting account. Depending on the sportsbook, you may need to enter a promo code.

After signing up, ensure that you deposit an appropriate amount—keep the limits of the promo in mind. In the case of a bonus bet, ensure that the odds of your first wager aren’t less than the stated minimum.

Remember, for the sportsbook to credit you with your Bonus Bets, you need to meet all of their conditions.

If you’re already a registered bettor and you don’t qualify for a welcome offer, always check the section titled “Promotions” because this is where up-to-date Bonus Bets for existing bettors are listed by the sportsbook.

What Are The Best Bonus Bets For Existing Users?

If you’ve already signed up for multiple sportsbooks, here are some Bonus Bet offers that are available to existing users at the time of writing:

DraftKings – Get Bonus Bets worth up to $100 when you refer a friend.

Caesars – Bet $10 on an NFL Playoff game and you’ll receive a $100 Bonus Bet.

BetMGM – Get a $10 Bonus Bet every week when you place a total of $50 in qualifying wagers during the week.

PointsBet – Get a $20 live Bonus Bet when you place a pre-game bet worth $20 or more on select NFL Playoff games.

TwinSpires – If you refer a friend, you can both win a $10 Bonus Bet.