Best Sportsbook Promos - Top 8 Betting Bonuses in June 2026

There’s more to betting bonuses than just welcome offers. Precisely, we’re aiming at sportsbook promos for existing customers. These are recurring offers such as daily, weekly, or monthly odds boosts, bet insurances, profit boosts, and more.

Let’s see the trendiest promotions that each of our top 8 sites has on offer:

Sportbook	Promo type	Offer	Frequency
FanDuel	Profit boost	Odds Boost	Daily + Multiple times a day (sometimes)
BetMGM	Insurance token	Same Game Parlay Insurance	Weekly
bet365	Early-win payout	Early Payout Offer	Daily
BetRivers	Insurance bonus	Parlay Insurance	Weekly
DraftKings	Profit boost	Same Game Parlay Boost	Daily/A few times a week
Caesars	Odds boost	Profit Boost Tokens	Weekly/daily
Fanatics	Cashback	FanCash Back	Daily/weekly
Borgata	Insurance bonus	Same Game Parlay Insurance	Weekly

Sportsbook promos are incentives that regular customers on online betting platforms can use. So, existing users with accounts that have had no strikes or any warnings whatsoever can opt for betting deals that typically last longer than welcome offers.

To be specific, betting promos usually follow a recurring schedule (daily, weekly, or monthly), meaning bettors can select them multiple times. Also, such offers last longer than welcome bonuses (e.g., during the entire NBA season).

As for the terms, promos also include minimum odds and wagering requirements, and are often available for specific markets and leagues/league phases only.

Sign up betting bonuses are offers that you can claim only once, provided that you’re a new customer on the platform. Most of the time, they last shorter than promos, as they have fixed availability (e.g., two months straight).

Yet, betting welcome bonuses often offer higher rewards than promos. But since you can redeem promos on multiple occasions, the prize amount is similar.

It’s just that incentives cannot be claimed within the same time span, as welcome offer users get the entire bonus all at once, while promo users receive it bit by bit.

The requirements for new player bonuses on top sportsbook sites are transparent, and they are roughly the same as those for promos: minimum odds, qualifying bet, rollover criterion, market/sport selection, and expiry date.

In the following lines, we’ll explore the way welcome offers function in detail.

Sign-up betting bonuses are well-structured, i.e., there’s a list of steps that you have to fulfill to redeem an offer of this type. Before all else, we have to note that all users must be of legal age (per local state law) to join any sportsbook on our list.

Now, let’s imagine that you’re registering at BetMGM and that you want to know the mechanics of its welcome bonus:

1. Registering: Open an account to access any real-money service (including the BetMGM welcome offer). You can do this by clicking the
   “Sign Up” button, and providing your account and personal info (email, phone number, full name, date of birth, SSN, and more).
2. Verification: Verify your account by sending the required government-issued documents.
3. Bonus selection: Tick the mark on the bonus and confirm that you wish to use the “Up to $1,500 Refunded If First Bet Loses” bonus or opt for the same offer in the “Rewards” section.
4. Depositing: Fund your account with the minimum amount ($10) or higher.
5. Placing a qualifying bet: Place a wager on any sport and outcome while respecting the minimum odds (-200).
6. Using the bonus: If your bet loses, you will receive the bonus sum that you can use on almost all markets and sports. Unlike with sportsbook promos, you’ll have 7 days to spend the incentive granted by BetMGM.

As you probably know, there are various sorts of sportsbook sign up bonuses. Since they don’t work the same way, we’ll show you the most common offers, along with the key details you should know to help you select the most suitable one.

Bonus type	Deposit required?	Rollover	Risk	Ease of use	Ideal bettor profile
Bet & Get	Yes	None or 1x the deposit amount	Medium	Simple to moderate	Depends on the bonus amount
First Bet Insurance	Yes	Usually none	Low	Simple to moderate	●       Beginners ●       Low rollers ●       High rollers (only if the incentive is large)
Deposit Match Bonus	Yes	None or 1-3x the bonus amount	Medium	Moderate	Decently experienced bettors
Profit Boost	Yes	Mostly none	Medium-high	Moderate	●       Slow-paced bettors ●       Experienced bettors
No Deposit Bonus	No	None to several times the bonus sum	Low	Simple	Beginners

Bet & Get

As the name implies, customers need to place a bet to receive a bonus. The qualifying bet for these offers mostly implies a $5-$10 stake. Moreover, bettors have the freedom to choose the sports and the bet type. The last factors are the expiry date (≈ 7 days) and odds, which, for the qualifying wager, range from -100 to -500 or longer.

This is how it all looks in practice:

• You sign up, deposit $10, and bet on your favorite NCAA team to win.
• The bet settles, and you get another $10 to make any picks.
• You choose to predict the March Madness final using the bonus ($10).

A great example of a brand offering a Bet & Get bonus is bet365 (Bet $10 ($5 in IL) and Get $200 in Bonus Bets Win or Lose).

First Bet Insurance

The first-bet insurance bonus is about creating an account with an online sportsbook for the first time and placing an initial bet, with an incentive guaranteed regardless of the outcome.

So, you could either win or lose your bet, but you’ll still get the bonus.

The least you need to deposit and stake is around $10, and you’ll most likely be able to pick any sport and market for your initial wager. The wagering requirement is either zero or 1x the bonus sum, and the expiry date is not longer than 7 days. Speaking of the odds, they shouldn’t be lower than -100/-200.

Let’s look at an example:

• After registering, you decide to deposit $20 and use it on the Sox vs Tigers game.
• Your bet is successful, and you win $40, plus you receive another $20 as a bonus.
• Now, you have $60 in total to place a wager on whichever leagues/tournaments you desire.

BetMGM is an operator that features a nice first bet insurance bonus.

Deposit Match Bonus

You could guess from the name that this offer includes making a deposit after signing up. Once a customer does that, they receive a bonus of a different value (e.g., 50%, 75%, 100%, 150% match). Oftentimes, this incentive is only available for the first deposit.

When using the bonus, bettors must make picks with minimum odds of -100 to -500 within one week. Additionally, the playthrough requirement is from none to 10x the reward amount.

Now, imagine this:

• You open an account, deposit $50, and grab another $50.
• You place one NBA and one NHL bet, $25 each at odds of -100 and -200, respectively.
• Both of your wagers win (total payout: $87.50).
• The wagering requirement was 1x the bonus, so you now have $87.50 + $50 you deposited for betting.

The one deposit match bonus we liked very much is Fanatic’s Up to $1,000 in FanCash Matched Bets, which mirrors the amount of your mandatory qualifying bet.

Profit Boost

Whatever your payout may be, it can only grow bigger with this type of welcome bonus. To put it differently, you will be given the minimum odds (which are often low, e.g., -1000), with a wide selection of sports and markets to choose from.

Once you create a bet slip, the sportsbook you registered with will calculate your total payout, and if your bet wins, it will increase it by a certain percentage (e.g., 100%). Lastly, the operator will require you to use the bonus within one or two weeks, likely without a wagering requirement.

To exemplify:

• A profit boost offer is active on a bettor’s profile, so they place a $100 MLS bet at -1000 odds.
• The bet is, unfortunately, unsuccessful, so the customer gets no payout.
• Still, if they won, they’d receive $110, after which the book would boost it 100% and make it $220.

Caesars, from our list of best books, has a great profit boost bonus.

No Deposit Bonus

Once again, a self-explanatory bonus variant, implying that you don’t need to use your own funds to get a bonus. While this is true, no deposit offers typically have stricter rules, including higher minimum odds and wagering requirements for the sum you win.

It comes without a risk, but still demands action:

• A bettor sets up an account and chooses a no deposit bonus.
• They get $15 dollars to use on the NFL only.
• The turnover requirement is 3x, so the user must wager $45 in total to unlock any potential winnings from the bonus bets (if they lose the $15 along the way, they will not meet this criterion).

Currently, none of our best 8 sportsbooks has a no deposit bonus, which, of course, doesn’t mean they won’t feature one in the future. Make sure to stay with us, as we’ll promptly update you on this matter.

Welcome bonuses are one-time incentives and aren’t the only element that determines the quality of operators’ services. If we think long-term, we’re more likely to turn to sportsbook promos, which last much longer and impact the experience more.

Let’s examine sports promotions together:

Promo type	Deposit required?	Frequency	Rollover?	Risk	Ease of use	Ideal bettor profile
Daily Odds Boost	No	Daily	No	Low	Very easy	Casual NBA and MLB admirers
Same Game Parlay Insurance	Usually no	Weekly/Several times a week	Bonus bets have an expiry	Medium	Easy	SGP parlay bettors
Early Payout Offers	No	Daily	No	Very low	Automatic	Low-risk customers
Second Chance Parlays	No	Weekly	Usually 1x before expiry	Medium	Moderate	Low rollers and parlay fans
SGP Profit Boosts	No	Daily	No	Medium	Easy	Same game parlay lovers
Profit Boost Tokens	No	Weekly/daily during big events	No	Medium	Easy	Experienced users
Bad Beat Refund	No	Daily earning for weekly promos	Promo credits may expire	Low	Very easy	Regular bettors who love merchandise

Daily Odds Boost

We know that the payout is calculated by multiplying the odds and the stake. But with this offer, odds go up, and therefore, users’ potential winnings are higher. The maximum stake sums are $25-$50, and the full market list is rarely available when DOBs are active.

For instance:

• You bet on an NBA team to win the match at +200 odds, and you stake $50.
• Normally, you’d get $100 + $50 (your stake). But with this promo, your profit is $150, and you also receive the staked funds ($50), totaling $200.

In our opinion, FanDuel has some of the best Daily Boost Offers on the market, which we highly recommend you check.

Same Game Parlay Insurance

Same Game Parlay Insurance, or No Sweat Parlay, as they call it, is a popular promo that appears weekly or a couple of times per week. With this promotion, you have to place 3-4 bets at a minimum. Here’s everything in one place:

• A customer has a $30 bet slip with four NHL legs.
• Three of four win.
• A brand returns its stake as a bonus.

This is how a user has secured their wager, and you can do the same on many platforms, BetMGM being one of the best.

Early Payout Offers

Many customers love early cash-out offers as it implies the safest wagers. You’ll find such promotions in some sports sections, available daily. The crucial limits are those related to events and markets, i.e., the choice is narrow.

Those curious about how to bet and request an early payout can see the list below:

• You have backed your most beloved NHL team.
• It leads by 5 runs.
• A book lets you cash out, implying the scenario where your team won, even though it lost the game in the end.

Very frequently, you’ll come across early payout promotions at bet365.

Second Chance Parlays

Placing parlay wagers is very interesting, and some sportsbooks allow you to make a mistake and still not lose your betting funds. Even though SCP promos are generally active during big events, they’re still worth your time.

Have a look at the example bet and see for yourself:

• Your bet slip includes a moneyline, a player prop, and an over/under bet, and you decide to go with $40.
• One selection loses.
• A brand sends your stake back in the form of credit or bonus bets.

To enjoy second-chance parlays, our number one suggestion is BetRivers.

Same Game Parlay Profit Boost

This promo type is similar to the one before. However, the two things that set them apart are that in this case, you bet on the same game, and that you don’t get your wager back if you lose, but if you win, your payout is pumped up.

SGP Boosts are available daily, but are subject to limitations such as odds thresholds and a minimum number of legs. Let’s be more precise:

• You manage to build a 5-event same game parlay with $20 and total odds of +250.
• Greatly, your bet is a success.
• Instead of $70, your profit is enhanced by 20%, so you get $84.

The best platform for SGP Boosts is DraftKings, as it regularly offers this promo.

Profit Boost Tokens

A decent number of books boast Profit Boost Tokens, digital features with which you can enlarge your potential winnings by 25 percent or more. PBT offers don’t permit using more than one token per slip. Also, users may face sports or bet type restrictions, as well as max payout caps.

Nevertheless, using tokens can be both thrilling and worthy:

• On your profile, there’s an active NBA pick made with $60 with odds of +300.
• You see a shooting star and your bet wins.
• Your potential winnings should be $240, but you use a token, and they reach $300.

Caesars is one of the leaders in the Profit Boost Tokens world, which is another reason we think highly of this sportsbook.

Bad Beat Refund

This is yet another rakeback promotion, but it’s very exciting because it activates only on specific occasions. A lot of times, it’s also only available for specific matches.

Be it as it may, we believe you’ll love this unusual promo, as this is what may await you:

• You have made several MLS picks on one bet slip, all of which have settled as wins, except for the last one.
• The final event should end 0:0; however, one team scores in the last second.
• The operator returns the stake to you.

Although many brands offer cashback promos, this exact Fair Play offer type is currently at Fanatics, which is currently the most situational incentive among the top 8 books.

To choose the best sportsbook bonus or the best sportsbook promos, you need to pay close attention to several criteria. Let’s put them under a microscope:

Offer Amount

The offer amount is probably the first thing you see on a promo banner. Well, it is as important as it is catchy. By seeing the bonus sum you may receive, you actually determine how generous an offer is.

Still, you should always check requirements, because sometimes, huge bonuses may be almost impossible to redeem due to unrealistic rollover or other criteria.

Minimum Odds Requirement

A low odds requirement isn’t only good for low-rollers, but for everyone. This is because bettors can test things with small bets at low odds and likely have more betting opportunities with their bankroll after their initial bets.

There are more favorable minimum betting odds requirements (e.g., odds of -500 for the DraftKings’ Bet & Get offer) and less beneficial odds requirements (e.g., BetRivers’ up to $100-$300 welcome bonus, with -200 minimum odds).

Rollover Requirement

A playthrough, wagering, or turnover requirement determines how many times a customer must use a bonus before any winnings from it become withdrawable.

For example, you may get a $100 bonus with a 3x rollover requirement. This means you have to place bets whose total stake is $300. If you spend your $100 bonus sum before meeting this criterion, you get nothing.

Mostly, this requirement varies by promotion, meaning that the majority of welcome bonuses have none to 1x rollover. For some specific offers, the same criterion can reach 5x up to 10x the bonus amount.

Expiry

Some bonuses last way too short. Since you probably don’t want to be in a rush while having fun, our advice is to watch for expiry dates.

Of course, if an operator provides a one-time incentive that’s small, it’s okay to give you around a week to use it. Otherwise, you should look for 14-30 day bonus expiry dates for maximum leverage, just as BetRivers offers.

Eligible Markets

Bonuses should fit your betting style, and not the other way around. And one of the most essential factors in wagering is the availability of your favorite markets.

Obviously, if there’s a live betting bonus, you can’t be going around looking for pre-match only bet types. Yet some brands may deliberately lock out certain markets to make the bonus-claiming process harder. Avoid those sportsbooks and seek those that offer your most beloved markets.

Books with the broadest bonus market coverage are BetMGM, bet365, FanDuel, and DraftKings.

Payment Method

Sometimes, it may happen that customers go for a promotion, and only later realize that it’s only for crypto users or that they must use a payment method for which they don’t have an account. To prevent this, always inspect the available payment options.

Our recommendation is DraftKings, bet365, and FanDuel, as they have a lot of payment methods to choose from, all of which boast high ratings.

Claiming the best betting bonuses requires a bit of patience and a small array of steps, as shown below:

1. Choose a brand: Find a licensed operator whose features suit you well.
2. Open an account: Visit the sportsbook’s website or open its app, then fill out the registration form with all the necessary information.
3. Use a promo code: If you have a code, you can enter it in the promo code field available during the sign up process. The same thing may be possible while depositing.
4. Pick an offer: Choose one of the sports betting promos that you think you will enjoy most.
5. Deposit and/or place a qualifying bet: For some bonuses, it’s enough to make a minimum deposit; for others, you have to place a bet with a minimum stake and odds on a preselected sport and bonus type.
6. Receive the bonus: Your incentive should appear in your balance—you use it in accordance with the bonus rules.

You can use sportsbook promos and bonuses in various ways. Once you find a proper offer on betting sites with bonuses, and claim it, there are tips and tricks to make the most out of it. Here’s how:

How to Stretch Your Bonus Across the Week

After getting the bonus, you’ll have a bankroll of virtual funds. It’s rarely a good idea to rush things and burn through quickly. Customers who bet longer and with more patience usually have more fun and success. This is the way for you to do the same:

• Split the bonus into smaller units.
• Plan around the sports calendar.
• If your bonus is nearing expiry, avoid “bonus panic,” as it usually makes things worse.
• Ditch emotional betting.
• Don’t go all in, no matter your bankroll size.

Best Bet Types to Use with a Bonus

We know that there are plenty of bet types out there. And, we have already advised you to use the ones that you like and are familiar with.

Additionally, you should choose the markets based on the offer type and everything that revolves around them (available sports, odds, expiry date, and more).

With this in mind, we’ll let you know about the 6 most popular bet types, why they work with a bonus, and how risky they are.

Bet Type	Why it Works with a Bonus	Risk Level
Player props	Often have softer lines and high odds boost.	Medium-High
Alternative lines	Excellent for rollover because you can lower volatility by taking safer alt lines.	Low-Medium (safer alt lines)/High (aggressive alt lines)
Team totals	You can isolate one game aspect instead of worrying about full game outcomes.	Medium
Quarter/period bets	Short windows create opportunities from trends and lineup mismatches.	Medium-High
Live betting	Skilled bettors can find mispriced lines before the book updates them and take advantage of that.	High
Futures	A small bonus can create large payouts.	High

Low-Risk Ways to Use Your Bonus

If you wish to reduce risk while wagering, these are the hints to adhere to:

• Stick to lower-variance bets, such as simple totals and moderate favorites.
• Test one market at a time.
• Avoid placing big parlay bets early on.
• Use the cashout feature if available.
• Only place higher stakes if it is a “second chance” bet.

Strategic Long-Term Bets with Your Bonus

A decent number of books let bettors use their bonus only for a short time, like a week or so. But here’s the catch: if a sportsbook’s bonus allows betting on futures, you have great chances of strategically prolonging your betting time, as outlined below:

• Split the bonus across multiple futures rather than one all-in pick.
• Mix safer options (win totals) with higher-upside plays (awards, long-shot division winners).
• Monitor odds for a certain period before placing bets, to try and catch the most competitive ones.
• Give up on your team or player if there are injuries or other factors affecting their performance.

Whether you’re after sportsbook bonuses, promos, or both, it’s useful to know about some of the key terms around them, which we discuss right below.

What Does “Bonus Money” Mean?

Bonus money, also called bonus bets or bonus credits, is basically the incentive itself. It can come in the form of virtual cash, a free bet of a certain value, or cashback (either a part or your full stake). Here are a couple of facts that every bettor should be aware of:

• Bonus money is almost always non-withdrawable (you have to meet a certain turnover to collect it).
• Wagering requirements, or the number of times you have to use bonus credits, start at 1x and usually go up to 10x.
• Expiry dates are directly tied to the bonus type—bettors may be asked to use bonus bets in one day, several days, one or two weeks, or one month.
• Generally speaking, sportsbooks may let customers use bonus money on any market, as this also depends on the bonus variant.

Win-or-Lose Promos Explained

Win-or-lose bets, also known as second-chance bets, and bet insurance, provide users with bonus funds after they place their first wager using their own money. As reflected in the name, it doesn’t matter whether a bettor’s wager wins or loses; the bonuses are guaranteed.

A few specific things about these promos:

• Customers have around 7 days to use them.
• Minimum odds for the qualifying bet are -200
• Most often, only the bets won with bonus money are withdrawable (not the qualifying ones)

How to Use a Sportsbook Promo Code

Promo codes are alphanumeric sequences that some operators provide so that users can claim exclusive offers. You can usually find codes on affiliate sites or the brand’s site itself. This is how to use them:

• Find a sportsbook: Pick a legit operator
• Register: Create an account on a particular platform and verify your profile
• Enter the code: If you see a bonus code field during sign up, just copy and paste it there, and finish your registration and account authorization. (If there’s no promo code field in the sign up form, it is probably available in the deposit section.)
• Deposit and place a qualifying bet: Select your bonus, make a deposit, type in the code (if applicable), and make your pick according to the minimum stake, minimum odds, and the available bet types and sports.

Playthrough Requirements Explained

When you get a bonus amount, it’s almost always locked behind a wagering requirement. This is a criterion by which you have to use the bonus sum several times before it becomes withdrawable.

It varies by operator and bonus, but it generally ranges from 5x to 10x on US sportsbook platforms. Let’s see a numeric example, just to make everything clearer:

Bonus amount	Playthrough	Total wager required
$100	1x	$100
$100	5x	$500
$150	10x	$1,500

Minimum Deposit Requirements

This requirement is rather simple, as it transparently points to the least amount of funds you must add to your balance to qualify for a bonus. These sums can be both high and low.

Luckily, we found books that let you join their bonus adventure for just a couple of dollars. For instance, FanDuel and DraftKings let you deposit as little as $5 and still enjoy their welcome offers.

Maximum Bonus Value

Every bonus is capped at a certain sum. In other words, this rule stands for the amount of money you can win using the bonus.

You may get big bonuses, show exceptional skills, and get lucky. Still, even before you start using the bonus, operators will notify you about caps that typically range from $100 to $1,500. Everything beyond the stated value will be voided.

General Bonus Terms and Conditions

General bonus terms and conditions are principles that apply to each offer on a particular sportsbook platform. They differ from one book to another, but usually, this is what they are about:

• Bonuses and promos are available only to legal age users who have proven their identity.
• Incentives are accessible only once per account, household, and IP address.
• For most offers, customers must make a minimum deposit.
• Users are required to meet the rollover to withdraw potential winnings.
• There is a bonus cap, that is, the maximum winning sum players can get while using incentives.
• If bettors breach any general or specific rule, the bonus credits will be forfeited.
• If an operator detects any unusual or suspicious activity, it has the right to void the bonus and ban users from participating.

Betting welcome bonuses and sportsbook promos are fun. However, you should always be careful about which incentives you’re after. This is because there are brands that don’t operate legally or are on the verge of being legit.

That said, let’s have an insight into the most common bonus red flags and books to stay away from:

• Sites claiming to accept legal bets nationwide without state licensing.
• Offshore operators with no regulatory oversight.
• Bonuses with unrealistic terms (e.g., huge bonus amount with no rollover whatsoever).
• Fake platforms pretending to be renowned books.
• Betting sites with suspicious design and no protection layers, for which you get an online traffic warning by your browser or anti-virus software.

There are plenty of offshore websites known for muddying waters, among which you should definitely pay attention to these:

• USWager365: Unpaid winnings
• SlotsNBets: Shady T&Cs
• TopBet: Very slow payouts + unpaid winnings
• BetonUSA: Unwarranted account terminations
• ag: Poor customer support, sluggish withdrawals
• America’s Bookie: Unlicensed brand

Risks of Offshore Sportsbook Promos

There’s more than one reason to steer clear of offshore sportsbooks, which is why we expand our warning sign list even further:

• Absence of state-regulatory protection: Without state agencies for consumer protection, bettors won’t be able to take any legal action in case of fraud or similar incidents.
• No payout guarantee: It may easily happen that users’ bets end up unpaid even though they are successful and correctly placed.
• No dispute resolution: No court will take a complaint against a brand that isn’t within its jurisdiction.
• No responsible gambling tools: Offshore operators usually don’t care about the rules related to gambling addiction, so they offer neither warnings nor advice in preventing or battling it.

No matter which sportsbook and betting bonuses you choose, remember that this activity should be only for fun. We strongly advise you to always regard betting as a form of entertainment and never treat it as a source of income.

What’s more, licensed US sportsbooks with betting promos have their own way of telling you this, with their responsible gambling tools, which include:

• Deposit, spending, and session limits
• Timeouts
• Reality checks
• Self-exclusion

If any bettor ever feels like their control over their spending and betting is slipping away, they can seek professional help. Here are some organizations and contact options for them that are useful to know:

Organization	Helpline
National Problem Gambling Helpline	1-800-GAMBLER (1-800-426-2537)
Gam-Anon	(718) 352-1671
Gamblers Anonymous	(213) 386-8789
Substance Abuse and Mental Health Services Association	1-800-662-HELP (1-800-662-4357)

Best betting bonuses depend on a lot of factors. First of all, it’s of utmost importance to find a legitimate sportsbook that legally provides services in your state.

Also, you should hunt for generous bonuses with realistic terms, a low entry point, fair minimum odds, and a minimum deposit, as well as a down-to-earth rollover. Also, it’s helpful to be on the watch for great sportsbook promos, as they are worthy in the long run.

When you come to think of it, you really don’t need to try hard to find such incentives, as Odds Scanner does the job for you. We scan, inspect, and analyze, just to provide you with the best offers to enjoy, all of which you can access from our almighty comparison table right here, right now.