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MaximBet Sportsbook Promo Code & Deposit Offers

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If you’re in the market for a new sportsbook, we’re sure you’re considering all your options. You might have already been struck by just how generous the MaximBet deposit bonus is!

Luckily for you, our experts have put the offer to the test and rounded up some ways that you can really make the most of it. The most important thing to know is that this offer takes the form of a free bet of up to $500! Read on to find out all the details on your MaximBet sportsbook promo code.

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Last Updated on 02/07/2024

Introduction to bonus offers - Risk-free on your first bet

Bonuses and offers are a big consideration when you’re choosing an online sportsbook, and they provide a great way to get started, usually by means of either bonus money or a free bet.

When you sign up here, you’ll get a MaximBet free bet of up to $500 if your first bet loses - so either way you’ll be a winner.

How to use the bonus - No promo code needed

The first thing to do in order to claim your MaximBet bonus is to sign up for an account with MaximBet. As they’re only licensed in Colorado, you’ll have to be physically located within this state, and be aged at least 21.

Once you’ve made your first deposit of at least $10, you’ll need to place any sports wager, of $10 or more. The good news is there are no minimum odds here, and all deposit methods are accepted.

If your bet wins, you won’t be able to claim any MaximBet deposit bonus offer, but if it’s a loser you’ll be credited with a free bet equivalent to the amount placed on your losing bet. For example, if your $10 is a loser, you’ll get a 10 free bet, while if you place a $500 bet you’ll get the maximum of $500 free bet back. There’s no MaximBet sportsbook promo code, the offer is applied automatically.

Your free bet will be credited to your account within 24 hours and then you're free to use it on any bet with odds/spreads of -200 or higher. The free bet will need to be wagered at least 1x before you can withdraw. Once you have requested your funds, MaximBet withdrawal times are typically 2-3 working days.

This offer is exclusive to new players at MaximBet, so you’ll only have seven days to claim it after opening your account.

Although most welcome offers stick around for a while, it’s worth noting that some of the T&Cs might change at any time. Before making a deposit or claiming an offer, it’s best to thoroughly read all the terms, and get in touch with the support team if there’s anything you’re not sure about.

Top 5 expert tips to take advantage of the offer - Plan where to use your bet

Always read the terms and conditions

While the majority of terms and conditions are standard across most sportsbook promotions, there are always some that may differ. The most important one to note here is that you can only use your free bet credits on bets with odds/spreads of -200 or higher, so that might impact on where you plan to use them.

Other important terms and conditions to note include the fact that you need to be over 21, physically present in Colorado, and the MaximBet deposit bonus can only be claimed once per household or IP address.

Shop around for the best odds

If you have accounts at multiple sportsbooks, shop around for the best odds and spreads so that you can decide where you’d be best placed to use this free bet. As you’ll need to use it on odds/spreads of -200 or higher, you should plan out your bets in advance, as you may well get better odds and spreads here than at your other preferred sportsbooks.

Place a high bet as your first one

But only do this if it doesn’t pose a change to your usual betting habits. For example, if you’re signed up at a few sportsbooks and are planning on placing multiple bets within the day or the week, use this one to place your highest planned bet, so that you can claim as much of the MaximBet deposit bonus as possible.

Remember, if you deposit and wager $10, you’ll get a $10 MaximBet free bet back if you lose, but the higher the amount of your first bet, the higher your free bet credits, up to the maximum of $500.

Ensure that the promotion is still valid

As online sportsbooks reserve the right to cancel or change a promotion at any time, it’s always worth checking that a promotion you might have seen prior is still valid at the time of sign up. While welcome offers don’t change all that often, you might have seen one offer while researching, and come back to find that it’s no longer valid.

You can find all of this information within the terms and conditions on the promotions page, or alternatively you can get in touch with the support team. MaximBet has great support via live chat if you need it.

Plan where you’re going to use your free bet

This is especially applicable if you’re planning to claim a higher amount. As there’s a time limit on this offer (you need to claim within seven days of opening your account and use your free bet within seven days of it being awarded), it’s important to plan how you’ll use your free bet.

The best thing to do is to have a look at all of the upcoming events, take a thorough look at the markets, and then decide where you’d like to use your free bet. You can use this information to plan when to open your account and claim your MaximBet deposit bonus.

Frequently Asked Questions about the bonus - Who’s eligible for the offer?

Do I automatically get the full $500 offer?

The amount of free bet credits you’ll get depends on the amount that you deposited and wagered originally. The minimum deposit amount is $10, and if you’ve placed a $10 losing bet, you’ll get back $10 in free bet credits. In order to claim the full $500, your original losing bet will need to be for at least $500.

It’s also worth noting that if for example you place a $1,000 losing bet, you can still only claim a maximum of $500 in your MaximBet deposit bonus.

How do I know if I’m eligible for the offer?

In order to qualify for the MaximBet deposit bonus, you’ll need to be over 21 years of age and physically present within the state of Colorado. In addition, this offer is for new players only, so you’ll need to have registered for your account within the past seven days - existing players can’t claim the offer, even if they have never previously claimed a welcome bonus.

The final important thing to note is that this offer can only be claimed once per household or IP address, so if you have a family member or house mate who’s already signed up, you won’t be able to claim.

Can I withdraw the bonus funds immediately?

All free bets at MaximBet are added to your account as credits, rather than funds, so you won’t be able to withdraw them. This also means that they will appear on your betslip as an alternative to your cash funds, rather than within your account itself.

In order to be able to withdraw, you’ll need to wager the free bet at least 1x. This isn’t difficult to do at all. If you request a withdrawal before meeting these wagering requirements, you’ll forfeit any winnings from the free bets and only get back any leftover money from your original deposit.

Is there a promo code for this offer?

This promotion is really user-friendly, and at the moment you don’t need to make use of a MaximBet sportsbook promo code at all. To read all about the offer, visit the promotions page (the terms and conditions are also available here), and to claim it you’ll just need to sign up, deposit and wager. Thereafter, if your first bet is settled as a loser, you’ll be credited with your free bet within 24 hours, and this is done automatically.

If you’re not credited within the expected timeframes, you can get in touch with live chat for help.

Can I combine this offer with other offers?

The straight answer here is no. There are a number of other promotions that players can look forward to, but you can’t combine any of these with the MaximBet welcome offer, you’ll have to claim and use it on its own. In addition, there are sometimes enhanced odds/spreads given by MaximBet, but you cannot use these to place bets related to the welcome bonus.

Additional Rewards & Loyalty Programs - Regular offers for active players

At the moment, MaximBet doesn’t have a defined VIP or loyalty program, but you’ll have regular promotions and offers to look forward to. Head over to the promotions page to see all of them.

Some offers change regularly and are to do with specific sports or events. For example, you’ll earn free bets if you have a losing bet on hockey and basketball, or an NCAAB parlay. Instead of free bets, sometimes you’ll get a certain amount of free bet credits when you bet on a qualifying market, or you’ll get a certain percentage of your bet back on losers.

If you install the MaximBet Play app on your mobile phone, you’ll get access to even more promotions, the most notable of which are tournaments, where you can play for real cash.

In general, all MaximBet players are eligible for these promotions, as long as you meet the requirements, like completing a qualifying bet of a certain amount. What is missing at the moment is MaximBet no deposit bonuses and offer.

Bonus Intro

We were thrilled to see just how big the MaximBet deposit bonus is. While both a match bonus and risk-free bet offers are attractive to new players, a risk-free bet is the ideal way to ensure that every first bet is a winner in some way!

It’s important to note that all bonuses and offers come with their own terms & conditions, and many of these are in place to protect you as a player. Nonetheless, the MaximBet deposit bonus is easy to understand, and we’ve tested it thoroughly for you, so you’ll know exactly what to expect.

Reality Test

The first steps are to sign up for your account, deposit and wager at least $10. If your bet wins, that’s the end of it, and you won’t get any offer.

In order to get the full $500 free bet as your MaximBet deposit bonus, your losing bet needs to be for at least $500. Once your bet is settled, the great thing is that you don’t need to do anything - the free bet is credited straight to your account and you can use it immediately.

When we tried out the offer, it wasn’t tricky at all to meet the wagering requirements, as you’ll only need to wager 1x the free bet amount. There are so many events to bet on all the time, we found a way to use our free bet with the required odds of -200 quickly.

Bonus Withdrawal

As you might expect, there are some limitations on when you can withdraw any winnings from your MaximBet deposit bonus. You can’t withdraw the bonus funds directly, as they need to be used to place another bet. But the good news is that the Free Bet Credits you get from the offer only need to be wagered 1x.

If you’d like to request a withdrawal prior to meeting the wagering requirements, it is possible to do so. However, you’ll forfeit any winnings from the free bets, and only any amount remaining from your original deposit will be returned to you.

Pitfalls & what to avoid when claiming bonus

There are a few things to bear in mind when claiming the MaximBet deposit bonus. Firstly, you’ll have to be a new player, within seven days of opening your account, to make sure you get in quickly. You’ll then also have seven days to use your free bet.

The free bet amount will match the amount you wagered on your winning bet, so for example if you only wager $10, you shouldn’t be expecting to get the full $500 - you’ll get a $10 free bet.

When it comes to using your free bet, you can only wager at odds of -200 or higher, so you won’t be able to use it on anything with lower odds.

Verdict on the bonus

One of the best things about the MaximBet deposit bonus is that it’s so simple and straightforward. There aren’t a lot of complex terms & conditions to wade through, so whether you’re a seasoned pro when it comes to sports betting, or you’re just starting out, this is an easy offer to claim and to use.

Overall it’s definitely worth signing up and claiming this bonus, because it really ensures that your first bet is a winner, no matter what. Just think - if your first bet wins, you’re off to a great start, and if it loses you’ll have your free bet to help you continue the fun.

Overall Conclusion/Verdict - Straightforward offer, low wagering

The great thing about the MaximBet welcome bonus is that you have the potential to claim a big free bet amount. If your original losing bet is for $500 or more, you can get the full $500 free bet, and there’s a good amount of different sports and markets to use it on.

In general, the offer is very straightforward and easy to understand. The minimum deposit and wagering amounts are low, as are the wagering requirements for the free bet. Overall it’s a really attractive offer for any new players.

Colorado — $500 Risk-free bet

Colorado Legal GamblingMaximBet is currently only available to players in Colorado, so you can expect the offering to be highly tailored to you. The MaximBet Colorado bonus is the previously mentioned $500 risk-free bet, but that’s not all you have to look forward to, as there are frequent offers for regular players. You can see all of them on the promotions page.

MaximBet sportsbook promo code FAQ

💵What is the MaximBet deposit bonus?

You can look forward to a really exciting welcome offer, which is exclusive to new players at MaximBet. Bonuses and promotions like this are the perfect way for sportsbook operators to help new players make the most of their experience. Read our full PromoGuy review for all the insights into the MaximBet sportsbook bonus.

🌎Where is MaximBet available?

In the USA, online sportsbook operators need to be licensed separately in each state, in order to operate there - of course, online sports betting is also only legal in certain states. Read more to find out where you can play at MaximBet.

❓What is the MaximBet promo code?

Promo codes are a really popular way for online sportsbook operators to offer their bonuses, however not all sportsbooks will require you to use a promo code. For all the details on the MaximBet sportsbook promo codes, read our full review at

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