Sportsbook Promo Codes in 2023

Sportsbook Promo Codes
by Bookmakers Review I Updated May 10, 2023

Online sports betting platforms understand that they have a lot of competition. Sports betting promotions are one way that an online sportsbook will try to set itself apart from the competition.

Most often, you will find an exceptional new user promo designed to get sports fans in the door. There are also other types of offers out there; you can get free money by claiming a referral bonus or you can place your initial wager with no worries using first-bet insurance.

In this guide, we’ll break down everything sports fans need to know about using sports betting promo codes. Bettors will learn about the best bonus offers available today, how to satisfy wagering requirements and more.

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The Best Sportsbook Promo Codes

This chart highlights the flagship welcome bonuses provided by the top six online sportsbooks in the business. You can compare the generosity of the deposit match, the amount of bonus funds available and the rollover requirements. Some of these sportsbooks offer alternative sign-up bonuses, but we have listed the most prominent offers. 

Sportsbook Welcome Bonus  Bonus Code  Rollover Requirement 
BetOnline 100% up to $1,000 CRYPTO100 14x 
Bookmaker 25% cash up to $500 Not Required 10x 
Bovada 75% up to $750 BTCSWB750 5x 
Heritage Sports 50% cash up to $250 Not Required 12x 
BetAnySports 35% up to $700 Not Required 6x 
WagerWeb 100% up to $250 Not Required 18x 

BetOnline Bonus

BetOnline will match 100% of your first deposit with bonus funds if you use crypto. You can earn up to $1,000 via this generous sign-up offer. It accepts Bitcoin and a broad array of altcoins. BetOnline will sometimes feature a 5% crypto boost, which turns it into a 105% deposit match up to $1,050.

  • If you do not want to use crypto when making your initial deposit, you can receive a 50% deposit match up to $1,000.  
  • That means you need to deposit $1,000 to unlock the full $500 in bonus funds. This bonus has a 10x rollover requirement and the promo code is BOL1000.  

BetOnline also provides a strong selection of additional bonuses, including a 35% reload bonus, risk-free bets, odds boosts and rebates on racebook, esports and casino losses.  

View all BetOnline promo codes

Bookmaker Bonus

Bookmaker offers a fair amount of flexibility when it comes to sign-up bonuses. You can claim a 25% match deposit bonus worth up to $500 with a 10x rollover requirement. If that does not appeal, you have a cryptocurrency option at your disposal.

You can claim a 20% cash bonus worth up to $500 by depositing via bitcoin or any other cryptocurrency. This bonus is accompanied with an 8X rollover.

View all Bookmaker promo codes

Bovada Bonus

The Bovada welcome bonus for crypto users is a 75% deposit match up to $750. That is smaller than the BetOnline bonus, but it has a far gentler 5x rollover requirement. That means you only need to play the bonus funds through five times before cashing out. 

Bovada offers a 50% bonus up to $250 (5x rollover) if you use a traditional deposit method as opposed to crypto. It also has a strong loyalty program and offers large bonuses in its online casino, too.

View all Bovada promo codes

Heritage Sports Bonus

Heritage Sports has devised a very strong bonus package for its customers. You start out by receiving a 50% cash bonus up to $250, which has a 12x rollover requirement. 

That is smaller than some of the other bonuses on this page, but Heritage Sports makes up for it with some additional offers. That includes partially reduced juice -108 lines on sides and totals, a free birthday parlay, and sports cash back. While this site doesn’t feature many outright offers, bettors still have plenty of options to boost their payout potential.

BetAnySports Bonus

BetAnySports offers a straightforward 35% deposit match of up to $700. You need to deposit $2,000 to claim the full amount. It has a relatively lenient 6x rollover requirement. 

Additional offers include a cash kickback package and a reduced juice package. BetAnySports has also been known to offer customized bonuses to some new customers. 

View all BetAnySports promo codes

WagerWeb Bonus

You can choose from six different welcome bonuses at WagerWeb. The sportsbook offers the following welcome bonuses.  

  1. 100% free play bonus up to $250 (18x rollover) 
  1. 50% cash bonus up to $500 (15x) rollover 
  1. 30% free play up to $1,000 (10x rollover) 
  1. 20% cash bonus up to $1,000 (10x rollover) 
  1. 15% free play up to $1,000 (6x rollover) 
  1. 10% cash bonus up to $1,000 (6x rollover). 

It is great to have so much flexibility when choosing a sign-up bonus. WagerWeb also offers a reload bonus, and you can receive 1% cash back on some of its packages. 

Common Sportsbook Promotions & Bonuses

Here is a look at the most common promo offers that bettors may come across.

  1. Welcome Bonus: Sign-up bonuses are typically offered on a new user’s initial deposit when they register at an online sportsbook. The sportsbook usually will credit your account with bonus funds to match your deposit; this bonus ranges from 25% up to 100%.
  2. Free Bet: A free bet promotion offers customers a chance to place a bet without risking any of their own money. Instead, the bet is placed with free credit. If the bet wins, the customer gets to keep the winnings, but if the bet loses, the credit simply disappears rather than losing money.
  3. Reload Bonus: Reload bonuses are deposit match offers for existing users. They’re usually a smaller percentage of the deposit than the welcome bonus. Some sportsbooks will credit your account with free deposits after a certain threshold.
  4. Cashback Bonus: A cashback promotion, sometimes called a rebate, offers customers a percentage of their net losses back over a certain period of time. This type of bonus is most commonly offered for online casino games or horse bets.
  5. Odds Boost: An odds boost, sometimes called a profit boost, is a promotion that offers higher odds than normal on certain bets.
  6. Parlay Insurance: This promotion offers customers a refund if they lose a parlay bet due to one leg of the bet losing; it is called insurance because it protects bettors from losing their money.
  7. Referral Bonus: This is a bonus offered to customers who refer their friends to the sportsbook. There will be additional requirements, such as the friend making a deposit or meeting a playthrough requirement. Referral bonuses are usually ongoing promotions that are available at any time.
  8. VIP Program: Many sportsbooks offer a VIP program that rewards customers with additional bonus credits, usually based on tier credits. Bettors can get perks like bet insurance, discounts and more from using a loyalty program. Some online sports betting platforms partner with retail casinos to help players make the most of these programs.
  9. Contests: Some sportsbooks run contests that offer customers the chance to win prizes such as free bet credits, cash or merchandise.
  10. Special Events: Surrounding events like March Madness and the Super Bowl, many online sports betting platforms will have special user promo offers.

Sports Betting Promos Terms and Conditions

All sports betting promotions come with terms and conditions. Whenever you enter an online sportsbook promo code, it is important to make sure that you understand the terms and conditions of the bonus.

Deposit match bonuses typically come with a minimum deposit. If you do not make a deposit of at least that amount, you forfeit your welcome bonus.

Once you have the bonus funds in your balance, you will have to fulfill some additional requirements before you can make a withdrawal request. Meeting the playthrough requirements, whether that is wagering a certain amount or number of times, is how you can turn your bonuses into withdrawable funds.

The terms will be different depending on the type of bonus you claim. For example, if you have a bonus bet, you may have to find a bet with minimum odds. However, when you use a bet credit and win, you typically are eligible for a payout immediately.

The terms and conditions will help you understand how you will be able to fulfill the requirements and make withdrawals; however, they also will tell you when the bonus expires.

Sports betting bonuses that you apply to your account last for a limited time, so you will only have so long to satisfy the requirements. Ongoing promotions and loyalty programs generally do not expire.

FAQs — Sportsbook Promo Codes

What sportsbooks give you free money?

Sports bettors can get free money when they register with online sportsbooks. Some will provide new users with free bet credits but most provide a deposit match bonus in cash. At most sites, you have to place a qualifying wager or meet a rollover requirement to withdraw your bonus.

Which sportsbook has deposit matches?

There are several online sports betting sites that offer deposit bonuses. Remember, most deposit bonus offers are only for new users and will require you to meet a minimum deposit to qualify. Some books, like Heritage Sports, offer reload bonuses as well.

Are sportsbook bonuses worth it?

Sportsbook bonuses are always worth it if you will be able to meet the wagering requirements so you can make a withdrawal request. They offer you a great way to put some extra money in your pocket or place a free bonus bet.

How do you get bonuses on sportsbooks?

Online sports betting sites offer bonuses in a variety of ways. New users can claim a welcome bonus, many operators have ongoing promotions for existing users and there are loyalty programs and referral bonuses, too.

How long do I have to use a sportsbook promo?

Whenever you claim sports betting promos, you will be able to clearly see the terms of the bonus before you accept, which will include an expiration date. Most sports betting promo codes expire after 30 days.