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Online sportsbooks are known not only for providing an inviting range of sports and betting options, but also for offering various promotions. These sportsbook promo code allow you to have quite the enhanced betting experience, and they do this by various means. They include risk-free bet rewards, deposit bonus offers, cashback perks and more. So, if you are new to any of these promo offers, we have a guide for you to learn more about them and what they provide.

Top Sports Betting Promo Code Offers for 2021

With the introduction of a new law in 2019, Colorado became the 19th U.S. state to legalize online sports betting. And while some may not be so impressed by that number, it could actually be the case that sports betting in Colorado has one of the best setups available. The first legal sports bets in the state were placed on May 1, 2020, thanks to the launch of four separate Coloarado sports betting apps from brands like BetMGM and FanDuel. This led to the Centennial State kicking off its mobile betting scene in the best way possible.

Of course, things were not specifically helped by the worldwide pandemic that hit in 2020. However, this did not stop various brands launching their own sportsbook app throughout the year. It is now the case that several legal Colorado sports betting sites exist for you to join. But which one should you register at and place bets? Well, that is precisely what we are here for – to give you some guidance on the various Colorado gambling laws and the sportsbooks you can join.

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What Are Online Sports Betting Codes?

Betting promotions have become quite an integral part of the online sports wagering scene. Both bookies and punters alike reap the benefits of them, with the former acquiring new customers due to them and the latter getting a boosted balance on their account from such.

Today, it is commonplace to find online platforms offering promotions that require the use of a specific promo code. These come in the shape of alphanumeric codes, which hand out offers to a certain group of players as an exclusive bonus. For example, new players can obtain a welcome bonus from it, or regular players can get loyalty bonuses, special offers are available for VIP bettors and so on.

Promo codes that can be used for welcome bonuses are only claimable by newcomers. Therefore, you need to have just opened a sportsbook account with your personal details and there will be a section on the cashier requesting the relevant promo code. This is so that you can make your first deposit and obtain the promotion alongside.

Otherwise, you will find that some sportsbook promo code options cater specifically to regular players. These include perks like odds boosts, free play bets, sportsbook bonus perks and so on. All of them enhance your sports betting experience, giving you the potential to receive additional funds to bet with or the possibility of enhanced payouts.

Sportsbook Promo Code Winning Example (BetMGM)

  1. Register for a new account at your chosen sportsbook.
  2. Be sure to opt-in to receive bonuses and promotions.
  3. Verify your account via the email that is sent to you.
  4. Deposit a minimum of $10 and enter the relevant promo code for the sign up bonus.
  5. Place your first real money wager.
  6. If your bet loses, you’ll become eligible to receive a risk-free bet back up to $600.
  7. You receive a free bet for entering the valid and correct promo code. Minimum deposit, stake and odds requirements were all met.

Sportsbook Promo Code Losing Example

  1. Register for a new account at your chosen sportsbook.
  2. Be sure to opt-in to receive bonuses and promotions.
  3. Verify your account via the email that is sent to you.
  4. Deposit a minimum of $10 into your account.
  5. Place your first real money wager.
  6. No welcome reward granted to you because you failed to enter the relevant promo code.

Different Types of Online Sports Betting Codes

While it may be quite common to believe that only one or two special offers can come from the use of sportsbook bonus codes. However, this is not the truth at all. Online sportsbooks tend to present multiple different types of bonus code rewards. While some of these are deposit bonus perks for your first bet, others will present free bets and so on to you. Some of the sports betting promo code rewards that you can receive include:

  • Signup Bonus
    This does precisely what it says in the title – rewards you for signing up for an account. Essentially, it works as a bonus offer for new users of a sportsbook, requiring a first deposit to be made before it is released.
  • Reload Bonus
    Existing customers have the possibility of claiming such a reward. Reload bonuses come when you reload your sportsbook account with additional funds. Entering a sportsbook promo code at this point adds extra perks onto your associated deposit.
  • Friend Referral
    It is not uncommon for online sports betting sites to reward their players if they bring one or more friends along to the same platform and they sign up. The person or people you have referred need to make a registration and deposit for you to benefit from a bonus on top.
  • Odds Boost
    Certain betting options can be enhanced by the bookmaker when you utilize odds boosts perks. The better the odds are for you, the better the return will be on a winning bet. These perks are only available for certain betting markets.
  • No Deposit Bonus
    Sometimes, you do not even have to make a deposit before the online sports betting site provides you with a reward. All you need to do is finish your registration and then verify your account to receive the associated perk.
  • Insurance/Risk-Free Bet
    Some types of bets on sporting events can also benefit from insurance promotions. Sometimes considered as a risk-free bet, this sees the player receive a betting credit if the wager they have placed loses.
  • Free Bet
    Sports bettors can also sometimes benefit from receiving a free bet from their chosen platform. This can sometimes be done for a particular event or as a reward for placing a specific wager.
  • Online Casino Perk
    Not all online sportsbooks also provide casino games, as in states like Tennessee and so on, they are not legal. However, if you are in a jurisdiction where casino gameplay is a legal activity online, then you can sometimes gain perks from a sportsbook promo code to play such options.
  • Loyalty Bonus
    Loyalty clubs are not an uncommon part of online sportsbooks, and they reward those sports bettors who are frequent gamblers. Perks like merchandise, free bets, risk-free rewards and so on are often given to these players.

What to Look for When It Comes to Receiving a Sportsbook Promo Code

When you want to claim a sportsbook promo code, it is imperative that you know the terms relating to it. After all, you could claim something and then be lumbered with figuring out how it all works. Sportsbook promo code should always come with clear and concise attached terms and conditions, and it is important that you get to know these. So, what should you be looking out for with regard to those T&Cs?

Wagering Requirements

All real money special offers at online sportsbooks come with wagering requirements attached to them. These determine how many times you need to wager the associated bonus by at the platform. So, let’s say that you received as 100% bonus on top of your first deposit up to $50. You get the full $50 and this comes with wagering requirements of 5x. This means you need to complete playthrough requirements of 5x$50 – $250. That $250 is the amount that you need to place in sports bets before you can make a withdrawal from your account. In this respect, it is always beneficial to find sportsbook offers that come with low wagering requirements.

Sportsbook Bonus Codes Eligible Sports and Lines

The terms and conditions of a sportsbook promo code should also dictate which sports or odds you can use it on. So, if you see a term that states you need to place sports bets with odds of 1.5 or more to receive the associated perk, then you need to ensure you are not betting on anything below this threshold. If you do, then you will not get to receive the associated reward.

Time Period

The sportsbook promo code rewards that can be claimed and that last for longer time periods are always going to be better, as you have longer to utilize them. Some online sports betting sites only allow you to claim such within seven days, others provide a longer 14 days and some allow one month. It is always good to know that you are within the claim period for such, though.

Payment Method Restrictions

It is also the case that most sports betting sites will apply restrictions on receiving an offer depending upon the type of banking method that you use. This is a similar route that most online casino sites take towards such promotions. Therefore, while you may be able to receive a reward by depositing with a debit card or credit card from Visa, or bank transfer for example, it may not be so possible if you deposit through PayPal or another e-wallet. For this reason, it is important for you to check the usable payment methods for receiving a special offer from your chosen sportsbook.

How to Sign Up and Redeem a Sports Betting Promo Code

If you would like to benefit from a sportsbook promo code, then you need to know the process that should be undertaken in order to obtain it successfully. Different sites may do this slightly differently, but the basic process remains the same. Simply follow the guidance below to find out how to receive a promo code. For our example, we will use the Fanduel sportsbook.

Step 1: Register for an account by clicking on the ‘Join Now’ button and then selecting your state of residence.

Fanduel sign up 1

Step 2: Ensure that you have entered all details correctly and concisely. Click on the ‘Add Promo Code’ link on the sign-up page.

fanduel sign up 2

Step 3: Alternatively, if you are claiming a promotion alongside your first deposit, you need to visit the cashier page and choose a payment method that suits you. Options like credit card, ACH and others are usually supported for this.

fanduel sign up step 3

Step 4: On the cashier page, you need to insert the promo code stated in the T&Cs of the sportsbook. First click on the ‘Add Promo Code’ button and you’ll then see a box for this. Be sure that you insert this exactly as it is stated, otherwise the site may refuse to add the relevant bonus to your account.

fanduel sign up step 4

Step 5: Proceed with depositing and then see both your deposited funds and the associated promo become active on your account.

Do Sportsbook Promo Codes Cater to Existing Customers as Well as New Players?

While it is true that online sports betting sites tend to focus a lot of attention on acquiring new players with their sportsbook bonus codes, loyal players are not usually left out. Huge pushes for new customers occur all year around, but sportsbook promo codes are frequently introduced to sportsbooks for existing players to benefit from. These will often occur around huge events, such as the NFL Super Bowl. This draws more people into the platforms to place wagers on that specific event. And, as we all know, American sports events like the Super Bowl are highly popular throughout the country.

However, odds boosts and other sportsbook bonus rewards of a similar nature tend to be available all year round. They are not the same as the reception of a welcome bonus, because they enhance the experience of betting on certain sports events throughout the year. It is key to note that some sites cater to different states differently, too. So, while you may receive a specific reward in West Virginia, that does not mean the same perk will be offered in Michigan or Pennsylvania. So, it is key to know that if you have friends based in New Jersey, they may get something alternative to what you in Indiana are able to obtain.

That being said, the fact remains that both existing players and new users are able to receive exceptional rewards from online sportsbook sites. Of course, existing players do not have to go through the process of registering for an account before receiving the promotional reward. Instead, the necessary promo code should be inserted into the cashier when making the relevant deposit or when making a specific bet.

Why Do Sportsbook Promo Code Rewards Exist? Is There a Catch?

Online sports betting platforms provide promo codes for various reasons, but the primary reason is so as to bring new players to their sites. When you compare a sports betting site featuring a welcome promo code with another that does not provide anything like it, there is always going to be a clear one that stands out more than the other. And in the same vein, the platforms provide such to existing customers so as to maintain their custom as sports bettors.

Should an existing sports bettor noticed that an alternative platform is providing exciting ongoing rewards and that their current one is not, then there is little to stop them leaving one for the other. So, as a way of remaining competitive with each other, US sportsbooks will try to outdo one another with their special offers and promo codes. But is there a catch to claiming these promotions from your chosen platform(s)?

Well, as long as you are well-informed of the associated terms and conditions, then there is no hidden catch behind them. Of course, it cannot always be said that bettors read these conditions before claiming the reward. This is how it comes about that potentially there is a catch involved with such activity. Terms and conditions should always be noted in relation to online sportsbook rewards, though. And if they are not, the site you have joined is not operating in a legal and regulated way.

Sports betting should always be a fun and entertaining activity, and this extends to the special promotions that they provide, too. And if you receive a payout from the perks that a sportsbook offers, then even better. A bonus offer is there to be enjoyed, though. So, if you learn everything about the special offer before you go ahead with claiming it, then you should not find it to be an adverse outcome.

More Spotrsbook Promo Codes

Summary

To put things bluntly, an online sportsbook will always hold some appeal because of the special offers that it provides. Of course, it is important that it affords you the ability to bet on the NHL, NBA, MLB, NFL, college sports, DFS options and so on. However, you will always get the chance to have an enhanced experience when claiming a special promotional offer as well. This is why it can be said that it is always a good idea to seek out a sports betting site and/or mobile app that provides inviting promo codes, too. Fortunately, more and more sportsbooks are opening up in states that are legalizing sports betting for residents. So, the likelihood is that these rewards will become more in number and much more competitive as the years proceed.

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FAQs

What Type of Bets Can I Utilize Sportsbook Promo Codes On?

It generally depends upon the terms associated with the specific special offer that you are claiming. Sometimes, specific bet types are noted that you can use free bets, risk-free bets and so on for betting on. However, generally speaking, moneyline, player props, point spread, and other types of bets are not specifically excluded.

Which States Allow Legal Sports Betting Within?

A number of states have now introduced legal online sports betting for their residents. Many of these include sportsbook promo code perks as well. Therefore, players in states such as Iowa, Tennessee, Illinois, West Virginia, Michigan, Colorado, Pennsylvania, New Jersey and Indiana can access online sports betting opportunities.

Who Is Eligible to Claim a Sportsbook Promo Code?

Sports bettors must be at least 21 years old in a state with legal online sports betting opportunities. A sportsbook account must have been opened prior to the code being used as well.

Can I Withdraw Promo Money from a Sportsbook Straight Away?

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About Jack Schiffko

Jack is a freelance writer working in the iGaming and betting industry for over seven years. He is specialized in football and tennis betting but has also plenty of knowledge in betting on all kind of sports.