You may not have noticed it lately, but many of the top sports betting sites in the country have been running a ‘Bet $5 Get Free Bets’ bonus for people who register a new account with them.
If this sounds like something that you’d be interested in, keep on reading, because I’ll be doing the deep dive on what these types of bonuses are, and how they work. I’ll also recommend the best betting sites that are currently offering this welcome bonus, and I’ll give you some top tips to make the most out of them.
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If you’ve never heard about a "Bet $5, Get Free Bets" bonus before, then allow me to fill you in. These bonuses are one of the most common sports betting bonuses that you can expect to find. Lots of the biggest and best sports betting sites offer these to new players, as they give users a great opportunity to get started with a low-risk entry point to the site. Generous free bet bonuses like these also help for the sportsbooks to foster some customer loyalty, as the low qualifying bet can go very far. Here’s how they generally work:
When you first sign up for a sportsbook that offers this kind of bonus, you simply need to place a qualifying bet of $5 or more. After you’ve done that the sportsbook will automatically credit your account with a set amount of free bets. The amount of free bets that you get really depends on the operator that you decide to go with. With these bonus funds you can explore the different features of the site and test out different types of bets without risking any of your own money.
Now let’s take a look at a few sites that offer this kind of deal.
When it comes to claiming a “Bet $5, Get Free Bets” bonus, DraftKings stands out as a top choice. For new players that wish to sign up to their sportsbook, you can find yourself receiving $200 in bonus bets after you place a qualifying bet of $5 or more. To claim this bonus is simple. During signup you’ll need to opt in for the sportsbook bonus and enter the promo code. After you’ve done that, just follow the on-screen prompts to complete the signup process, make your qualifying bet, and the funds are automatically added into your account.
One thing that I particularly enjoy about this bonus is that it is offered to you in 8 separate $25 bets, which means you can spread your bonus across a range of different bets instead of just the one. This means that you can try out a bunch of different markets thanks to DraftKings’ extensive range of sports betting markets. At DraftKings you will find everything, from the major leagues like the NFL or NHL, to the more niche sports. What this effectively means is that you’ll have no trouble finding a sports market that suits your style of betting.
As well as having a great range of markets, DraftKings’ live betting feature is also something worth talking about. The easy-to-use interface makes checking all the real-time states and updates a breeze, but the best part about it is the NFL streaming that’s available on the site and the app. Whether you’re at home or on the go, you can use your free bets to bet live, while you are watching the game.
One of the other top sports betting sites in the country that offers a ‘Bet 5 Get Free Bets’ bonus is FanDuel. Known for their generous bonuses, as well as their focus on giving their users an individualized betting experience. On the topic of their generous bonuses, the current sign up bonus at FanDuel will see new users receive $300 after they make a qualifying bet of $5 or more.
With this bonus, there are a couple of unique terms and conditions. First, if you decide to go with this bonus, you will not only receive $300 of free bets, you’ll also receive a code to get a free 3-month trial to the NBA League Pass! As well as that, you can only claim this bonus if you download the app. FanDuel is known for having one of the best Android betting apps, as well as a highly regarded iOS app.
Beyond the bonuses, FanDuel has a lot more to offer. Like I mentioned before, FanDuel is well known because of how they personalize the betting experience for each person. They do this by giving you tailored recommendations based on previous bets that you’ve made. They also have very competitive odds on a range of different markets, so you know that at FanDuel, you’ll be getting the most out of your free bets.
Bet365 is one of the world’s largest sports betting sites. They are probably best known for having an enormous selection of sports and markets to choose from. The platform covers everything from your typical sports like soccer and basketball, all the way to virtual sports betting. They also cover sports like surfing, snooker, and many others that you might not normally consider. This is great because it gives you so much variety for you to try out your free bets on.
As well as having a huge range of sports markets, Bet365 also has a “Bet $5, Get $200” promotion running for new users when they register a new account with the sportsbook. Just like the DraftKings signup bonus, new users will receive $200 in bonus bets after placing their qualifying bet of $5 or more. To claim this bonus you just have to make sure that before you make your qualifying bet, you also deposit at least $10 into your account. Failure to do so means you won’t receive your free bets.
If you’re liking the sound of how these bonuses work, and you’d like to get one for yourself, feel free to use the following step-by-step as a guide to make sure you can claim these without any dramas:
Choosing the best sportsbook that offers this kind of welcome bonus really comes down to personal preference, but I always think it’s important to look at the terms and conditions to make sure that you find the right one for you. Have a look at the list below to see some of the most important terms and conditions that you should look for:
Fancy a few tips for making the most of your bonuses? Don’t say I’m not good to you.
Like we already discussed, my number one top tip is that you read the terms and conditions before you decide what operator that you want to use. Look out for important information like the accepted payment methods, minimum odds, and expiration dates, as these can decide whether you’ll even receive the bonus, or significantly affect how you plan to use them. This is an important thing to do with all betting deals that you ever claim - not just these ones.
When you’re using your free bets, it could be a good time to consider choosing bets with higher odds. Not only is it because free bets usually don’t return the original stake, but also because it’s not your own money at risk, so it's a great opportunity to take bigger chances that you might not normally go for with your own funds.
If the sportsbook that you decide to go with gives you the option, it’s a good idea to try dividing the larger free bets into smaller segments. This approach allows you to spread out your risk across multiple bets, as opposed to using it all up on one single bet. Keep in mind that not all sportsbooks allow free bets to be split, so check the terms to see if you can do this.
Accumulators are a great way to get some great multipliers on your original stake, but they do come at a greater risk, as you need all of the legs to win before your bet can be paid out. As they are riskier, it’s a good idea to use your free bets instead of your own money. You’ll just need to double check that the terms of the bonus allow for you to do so.
With these bets it doesn’t matter if your qualifying bet is $5 or $500, you’ll still receive the same amount of free bets. This is the reason why I recommend choosing the former, as you’ll risk the chance of losing more of your own money if you drop a huge amount straight off the bat. While you’re not likely to find betting sites with no minimum deposit, you can have a look for sites that have a lower limit than others.
Now that we’re at the end of this article, it’s clear to see that these bonuses, where you receive free bets for making a $5 qualifying bet, are very advantageous to you when you sign up somewhere new. But, when it comes to choosing the right bonus, you’ll need to consider your own playing strategy and preferences, so that you can choose a bonus which has terms and conditions that suit. Feel free to take another look at the recommendations above to help you make your decision on where to sign up!
Just like the name suggests, these bonuses are typically part of welcome bonuses where you have to make a qualifying bet of $5 to receive an amount of bonus bets. These are often quite generous, with bonus bets often reaching up to $200.
Yes, there are many important terms and conditions to consider before choosing the right bonus for you. Look out for terms like the wagering requirements, approved payment methods, expiration dates and minimum odds to make sure you don’t run into trouble.
Whether you need a promo code or not depends on which offer that you choose. Have a look at the terms and conditions of the bonus to see if you need a promo code to claim it.
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Daily picks from betting experts on odds boosts and casino promos
