Anytime you see a sportsbook promo code that’s just a free bet, profit boost, or deposit match waiting to be unlocked. If sports betting on its own is already a fun activity, betting with bonuses is twice as fun because it increases your chance of turning a profit. Promo codes are rife at US sportsbooks, so here’s a quick guide on how to claim and maximize them.
5 steps to claiming any sportsbook bonus
- Find the latest promo codes: For this first step, SportyTrader has the right pennsylvania sportsbook promos and the latest promo codes necessary to unlock them. For instance, Caesars sportsbook bonus of up to $1,000 in free bets, which you can claim using SportyTrader’s SPORTS promo code.
- Sign up at the casino: Head to the sportsbook site and complete the registration process. This is usually where you have to enter the promo code.
- Make your first deposit: Go to the cashier section of the site and fund your account. This is necessary because most sports bonuses activate with a deposit.
- Place your first wager: Placing your first bet activates bonuses like the first bet offer. Keep in mind any odds or market requirements for the bonus when doing so.
- Use your bonus: Now, use your bonus carefully to place wise bets.
Using bonuses to increase expected value
+EV betting has to do with placing wagers where the potential winnings outweigh the risk over time. And bonuses are the best tools to increase expected value.
Usually, you’ll be looking to take advantage of misprinted odds or arbitrage opportunities between bookmakers. You can also generate positive expected value through matched betting, where you use the bonus to back a bet and simultaneously place a lay bet (to cover all outcomes) on a betting exchange. Since the bonus is free, you’ll definitely turn a profit.
Look for low-hold markets, as heavily juiced markets will eat into your potential profit. Popular sports like soccer and basketball provide lower sportsbook margins than exotic markets. Also, it’s best to consider two-way outcomes in order to simplify outcomes.
Tips for using sportsbook promo codes
- Understand the kind of bonus
- Read the bonus T&Cs to learn the wagering requirements, minimum odds, and other terms
- Claim bonuses across multiple sportsbooks
- Leverage injury reports and other stats to make the most informed bets
Not all sportsbook bonuses require a bonus code. Many platforms like DraftKings and FanDuel are offering free bets and other promos that you can claim with no code required. Bonuses offer you the chance to get the edge over the sportsbook, but that’s only if you use it strategically. So don’t just use them randomly, but employ a free +EV calculator tool to help you maximize your profits.
Also Read: How to Save Money with inDrive in India Promo Codes?
