Best Sign-Up Bonuses for Online Sports Betting

Online sports betting has exploded in popularity over the past few years. Sportsbooks compete intensely to sign up new customers. Generous sign-up bonuses and promo offers give you extra value on your first deposits and bets. This makes it well worth your while to shop lines to find the best bonuses before you commit.

$1,000 Risk-Free Bet

BoaBet makes it easy to get started with a $1,000 risk-free first bet. Just deposit $10 or more and place your first cash wager. If your bet loses, you’ll get a free bet credit refund equal to the amount you wagered up to $1,000.

This means you can swing for the fences on your very first bet with some protection. If the bet hits, you keep all the winnings. If it misses, the site gives the stake back to try again. The credits expire after 7 days.

$1,250 First Bet Insurance

Caesars Sportsbook also offers a very generous risk-free first bet up to $1,250. They’ll refund 100% of the amount if you don’t win.

You also get 1,000 Reward Credits and 1,000 Tier Credits regardless of whether the bet wins or loses. These Caesars perks give you extra value during your first week as you explore their industry-leading rewards program.

$1,000 No Sweat First Bet

At FanDuel Sportsbook, new players can make their initial wager without sweating the outcome. If that first bet loses, FanDuel will cover it up to $1,000 with free bet credits.

This “No Sweat First Bet” offer gives new users a chance to get settled in and take some early shots with little downside. The site consistently offers top-notch daily odds boosts and specials as well once you’re up and running.

$200 Instant Bonus + $1,050 More

DraftKings Sportsbook gives new players $200 in free bets instantly upon signing up and making a $5 minimum deposit. They’ll also add $1,050 more in free bet credits if you go on to lose that first $5 bet.

That’s a total package worth $1,250 when you combine the instant-issue bonus with the risk-free bet refund. DraftKings also runs pools, brackets contests and plenty of profit boost opportunities.

$250 Match + $300 Risk-Free Bet

BetRivers Sportsbook has a very strong two-part welcome offer, starting with a 100% deposit match up to $250. All you have to do is fund your account, and BetRivers will automatically match your first deposit dollar for dollar.

They also back your first wager risk-free for up to $300. Between these two promos, new BetRivers members can score up to $550 in bonuses.

$2,000 in Risk-Free Bets

At PointsBet, you can score not just one but two risk-free bets worth up to $500 each. That’s up to $1,000 covered over your first two wagers.

They also offer bettors in some states a “PointsBetting” model with dynamic spreads to potentially win exponentially more compared to fixed-odds betting. PointsBet provides one of the most innovative and rewarding platforms you’ll find.

$250 First Deposit Match

Betway Sportsbook starts you off with a 100% first deposit match up to $250. Deposit at least $15 via any method, and Betway provides matching funds in free play credits.

Betway has lots of odds boosts and enhanced specials for major events. Their easy-to-use mobile app also offers live-streaming for thousands of sports events every month.

$1,000 Risk-Free Bet + Jersey Offer

The Sports Illustrated Sportsbook app launched in 2021 and is rapidly expanding as a top-tier option. SI provides new members insurance on a first bet in the form of site credits up to $1,000 if that initial wager loses.

As a neat perk, customers in New Jersey also receive a free Tom Brady or Kevin Durant jersey with signup (it ships within 8 weeks). SI has consistently competitive lines across all the major sports.

$500 Risk-Free + $10 Free Weekly NFL Bet

At Betfred, new players receive up to $500 back in site credit if that first bet loses. You must opt-in and place your initial wager within the first 7 days of signing up.

On top of that, Betfred provides all members a free $10 wager every week during the NFL season if you place $50 or more in cumulative NFL bets that week. Stack this with the risk-free bet and other promos, and the potential value keeps growing.

$1,000 Risk-Free Sports Bet

Rounding out the list is WynnBET, which refunds your first cash bet in site credits up to $1,000 if it loses. This gives you insurance for that critical first taste of action after signup.

WynnBET covers all the major sports exceptionally well, plus you can often find reduced juice on spreads and totals. Their mobile app allows easy access and betting on the go.

So be sure to take advantage of these lucrative welcome offers from the top legal online sportsbooks. Sign up through our links to ensure you secure any signup promotions advertised here.