Best Betting App Promotions 2024

• Bonus Bets: Some apps may offer bonus bets with the users' first deposit. The bonus amount is credited to the user's account as bonus funds or site credit, which can be used to place bets within the sportsbook app. However, these bets are usually subject to terms and conditions, such as minimum odds requirements and an expiration period so make sure you cash in!
• Bet and Get Bonuses: When new users place their first bet, they will get bonus bets added to their account in return. For instance, DraftKings offers $150 in instant bonus bets when a user bets a minimum of $5 for their first best!

• Second Chance Bets: This type of new user promotion is popular among sportsbooks as it provides insurance for the user's first bet. If the first bet is lost, the user will receive a refund of up to a certain amount. This offer creates a safety net for new users who may hesitate to start betting. For example, BetMGM offers up to $1,500 in bonus bets for new users if their first bet loses. This allows new users to take a more aggressive approach with their first bet, knowing they have a second chance with the bonus bet offer!

Odds boosts increase the odds for selected outcomes beyond what they would typically be. For example, if a team is originally set at -105 to win, an odds boost might increase the odds to +150 or higher. Some sportsbooks offer odds boosts for parlays as well, giving the user a different way to try and cash in on the offer.

• Promotional Period: Odds boosts are usually available for a limited time, often around major sporting events such as the NBA Finals or Super Bowl. However, many sportsbooks will offer daily odds boosts for non-major events as well!

A parlay is a single bet that combines two or more individual bets into one wager. To win the parlay, all selections within the bet must win. As the number of bets, or legs, within a parlay grows and the odds increase, the potential payout increases. Some bettors use parlays to try and turn a small wager into a much larger payout, but it comes with more risk!

• Increased Payout: Parlays offer the potential for higher payouts compared to placing each bet individually because the odds of each selection are multiplied together.
• Same-Game Parlays: A same-game parlay allows you to combine various bets on a single game or match into one wager. These bets can include different types of outcomes such as player props, team props, game totals, and more.

User referral bonuses on sportsbook apps are incentives that reward existing users for referring new customers to the platform. Generally, the referrer and the new user receive a bonus once certain conditions are met!

• Referral Code or Link: Existing users receive a unique referral code or link from the sportsbook app, which they can share with others not yet registered on the platform.
• Registration: New users who receive a referral invitation will click on the link or enter the referral code when registering on the sportsbook app. They might need to make an initial deposit or place their first bet, to qualify for the referral bonus.
• Reward for Referrer: Once the new user meets the qualifying criteria, the referring user will receive a bonus or reward as a thank-you for the referral. This reward can vary depending on the sportsbook app but commonly includes bonus bets or other promotional incentives!

Bet insurance promotions are a great way for bettors to place more aggressive wagers than they typically would. These promotions offer a safety net for bettors by providing a partial or full refund on their bets under specific conditions. Often, these promotions are associated with major events such as the Super Bowl and may offer users money or bonus bets if their initial bet loses. These promos are similar to the second chance bets sometimes offered to new users.

• Parlay Insurance: If one leg loses, the bettor might get a refund or a bonus bet. This provides some security for riskier, multi-leg bets.
• Overtime Insurance: If a bet loses due to a game going into overtime, the sportsbook might offer a refund or bonus bets. This most often occurs during basketball or football games.
• Bad Beat Insurance: Refunds are given if a bet loses due to an unexpected or unlucky event, known as a “bad beat.” This might include a last-minute goal or a controversial referee decision.