Signing up for a new sportsbook can be an exciting time for sports bettors. However, there's concern that you'll quickly be out of money if you lose your first bet or two, even with the "first bet offer" promos available.
Using a promo code at signup protects you from immediately losing all your money. Promo codes can offer over $1,000 in bonus bets as "insurance" if you bet the full $1,000. Other sportsbooks will just give you a smaller amount of bonus bets no matter what.
But can you use multiple promo codes when signing up? The answer is sometimes — since at some sportsbooks you'll have to create a new account if you're in a different state. At others, you have the same account no matter what state you're in.
What is a Promo Code?
A promo code entices new customers to sign up for an online betting site. They'll provide a code that gives you access to bonus bets, bet credits, deposit matches, etc.
This is beneficial for the sportsbook and the user. Sportsbook gains new customers when they offer a promo code, while players get insurance at signup.
These offers are typically available with the top sports betting sites. Sportsbooks make it easy for new players to transition into the sports betting realm.
How Many Times Can I Redeem a Signup Code?
Signup codes are great for new customers, but we must emphasize "new."
At most of the big U.S. sportsbooks, you can only get the sign-up bonus once. Sportsbooks tie the account to the last four digits of your social security number, so it's not like you can continue making new accounts with new email addresses.
However, some set up their infrastructure a little differently, and allow you to claim the same code in different states. Take these two examples.
- At FanDuel, you have one account across all states: You have the same account in each state. If you login in New York, then login in New Jersey, you'll have the same account and the same balance.
- At SuperBook, you need to create a new account in every state
Other Sites Where You Need a New Account by State
These are some of the sportsbooks that have different accounts or apps by state, so you'll need a new account. It's perfectly legal to sign up for a new account in a new state, but you must be in the different state, and you can't show signs of manipulating the bonuses.
If you sign up for three accounts all in the same weekend, bet the max available with the promo, then try to withdraw all of it, your account will likely get flagged. The books should still pay you out, but don't be surprised if you have trouble withdrawing.
Now there is a silver lining for books like FanDuel. Sportsbooks often offer promos for existing customers, so you should have daily opportunities to earn smaller odds boosts or bonus bets, particularly at DraftKings and FanDuel. All sportsbooks offer odds boosts, but many of them aren't profitable and you can find better odds at other books.
How Can I Use the Promo Code?
When you go through the signup process, you'll approach a step that allows you to deposit money. You should see a box with a chance to enter a promo code.
That's not the only way to access a promo code. Some sportsbooks don't offer an actual promo code. Instead, you can click on a link to take you directly to the page, which will activate the offer.
FanDuel Sportsbook has taken this approach with their no-sweat first bet up to $1,000. Typically, you can find a link to all sportsbooks, even if they need an actual promo code.
Sportsbooks often offer promo codes tailored to big events like the Super Bowl or March Madness. Keep an eye out for codes surrounding marquee events.
Are there Terms & Conditions for a Sportsbook Promo Code?
As with most things, you must read the fine print to learn about accessing the full promo code.
For starters, most sportsbooks offer hundreds and even thousands of dollars when a new customer makes their first bet. However, bettors typically need to bet that amount to earn it in bonus bets.
If you lose your first bet of $10, you only receive that amount in bet credits. Speaking of bet credits, they only allow you to profit from the winnings. You can't keep your initial deposit. Because of that, the optimal betting strategy is using a bonus bet on a plus-money prop.
At the end of the day, promo codes are great for sportsbooks and new customers. Just remember you can only use one at signup at most books.
