March Madness is here, and we are getting closer to the end of the NBA and NHL season and the start of the MLB season. In order to recruit new users to their sportsbooks, sportsbooks provide a plethora of promos and incentives.
Most sportsbooks have been offering the same incentives for the last month or two, but they are ramping up their promotions as we approach one of the busiest betting months of the year.
After this stretch, I expect the promotions to die down a little bit as the sportsbooks have been spending a ton in marketing recently. Below are some of the new incentives and bonuses that have arrived in the world of sports betting this week.
DraftKings
This week, DraftKings hasn’t offered any significant bonuses or promotions, instead opting to enable its current customers to take advantage of a sizable number of odds increases. With March Madness in full swing, several moneyline odds have been raised for gamblers.
This is a great strategy to get current bettors to put money on NCAA odds during March Madness. DraftKings has also done quite a few promotions where the odds are shifted to +100 of bets that should hit. The max bet on these has been $50.
Caesars
Caesars Sportsbook has a great free bet deal for new bettors on their site this week. On your first wager, they gave a $1,100 free bet insurance, which would be returned to you in the form of a single free bet.
One of the terms of the Caesars bonus is that it must be used within 14 days after receiving it, or it will be worthless. Many individuals may not be aware of this condition. In this case, you will get your initial stake as a free bet, so make sure you spend it wisely.
BetMGM
The top BetMGM promotion continues to be their $1,000 risk-free bet. Signing up, depositing, and gambling on a sporting event are all ways to get it.
You just retain the money if your first wager pays out. You will get a full refund in the form of site credit if BetMGM loses.
Because the site credit has a one-time rollover limitation, you can only use it once before your wins are paid out. If your free bet is less than $50, you will get one free bet token.
If it’s above $50, it’ll be split into five free bets, increasing your chances of winning. They’ve been running this campaign for quite some time, and it’s been a huge success.
PointsBet
This week, PointsBet is running a deal where you can get up to $2,000 in free bets. If you lose your first bet, you may receive up to $1,500 back, and if you lose your first Fixed-Odds wager, you can get up to $500 back. This offer is only accessible to new members who register on the site.
Bettors are only entitled to two reimbursements for their wagers, and this offer is only available to one bettor per household. This is one of the most valuable deals available this week.