How To Stack Sportsbook Promotions
It’s a good time to be a sports bettor these days. As new states come online and legalize sports wagering and companies expand into new markets, they present customers with a potpourri of promotions. If it looks too good to be true, it kind of is. You better take advantage of it now because once these markets mature and the competition from the sportsbooks dies down, they won’t be anywhere near as generous as they are right now. Just take a look over the pond to our British friends and you’ll see how barren the promo offering is.
Nonetheless, while the getting is good, you should make sure that you take advantage. In this article, we’re talking about how you can stack sportsbook promotions either from one book or across multiple. We’ll start with the latter as we explore this money-making strategy.
Stacking Promos From Separate Books
The first way you’ll want to think about stacking promotions is from separate sportsbooks. Typically, one company will be fairly careful not to allow you to double up on bonuses. That means your primary source for stacking will be combining the offers from two different sportsbooks.
When it comes to welcome bonuses, you should have the opportunity to stack these bonuses against each other. For example, if a sportsbook offers you a $250 bonus with a one-time rollover and then another sportsbook offers you a 100% bonus up to $500, that’s a very easy way to clear two bonuses with one shot. You deposit $250 at Sportsbook A and get the other $250 from them. To clear the wagering requirement, you have to place $500 in bets.
Meanwhile, the second sportsbook offers you virtually the same thing but with a higher number. Let’s say their rollover is three times. Then all you do is match up the bets on a line that’s close and either you win $500 at Sportsbook A or you win $500 at Sportsbook B and have cleared one of the three times that you have to roll over the money.
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An easier way to stack promos from different sportsbooks is to keep an eye on the daily offerings. One popular bet in early 2023 was the up 10 double-win in the NBA as multiple sportsbooks would offer this promo. Let’s say the two books offering it were DraftKings and Bet365. If you bet both sides of the basketball game at these two books, you’re stacking the same promo. Now if the first team goes up by 10, you’ve automatically won your bet. At the other sportsbook, you can either let your bet ride and hope the other team comes back or cash it out to immediately secure a profit. It’s up to you.
You’ll also find good opportunities with profit boosts and bet and gets. When it comes to something like UFC or tennis, one sportsbook might give you a reward simply for betting UFC or tennis (bet and get) while another will give you a profit boost. If you bet both sides of a fight or match, then you’re likely securing a small win thanks to the profit boost, and then you’re qualifying for the bet and get at the other sportsbook to collect a win on that side too.
Keep an eye out for these opportunities as this type of stacking of promos across multiple books is a fantastic way to minimize your risk while building your bankroll.
Qualifying For Multiple Promos With One Bet
When you’re looking at stacking promos from one sportsbook, as mentioned above, it’s rare that they’ll give you the opportunity to get two for the price of one. However, one area where they tend to allow this – or maybe they simply overlook this – is by using one bet to either qualify for multiple promos with one bet.
Some sportsbooks will post different missions where if you bet on a certain sport or bet a certain amount, you’ll get a free bet in return. If a couple of these are offered at the same time, you might be able to qualify for multiple with just one bet. For example, let’s say Caesars is offering a free $5 bet to anyone who bets $25 or more on the NBA that day. At the same time, they might have an ongoing promotion for betting $50 on various sports to get a $5 free bet for that sport as well. In that case, you might be able to bet one $50 NBA bet to qualify for both the NBA promo of that day as well as the ongoing promo.
Another possibility is if they have a bet $25 on the NBA, get $5 as well as a promo for a risk-free NBA same-game parlay that day. That means that you might be able to play a same-game and have that either cover your second promo or at least contribute towards it.
Clearing Multiple Wagering Requirements
One other scenario where you can help yourself with this type of two-for-one is clearing rollovers. Let’s say you register for a sportsbook account where they have a risk-free bet as their welcome bonus. However, after registering, you don’t directly deposit right after. In the meantime, they give you a $500 deposit bonus to try and encourage you to get started. When you eventually do deposit and place your first risk-free bet – let’s say it’s $500 – that will not only qualify you for the risk-free bet but it should clear the wagering requirement for your $500 as well.
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Always look out for situations where one bet can do the most for you. The less you have to risk for your bonuses, the better off your bankroll will be.
Frequently Asked Questions
What are sportsbook promotions?
Sportsbooks will offer various incentives either to get you to sign up or to keep on playing. That’s especially the case when sports betting opens up in a new market and the companies are battling it out for business. They’ll offer all sorts of sweeteners to pull players away from their competitors.
What are the common types of promotions sportsbooks offer?
Almost every sportsbook in the market will offer you a welcome bonus of some sort. That might be a deposit match where you get a boost to your bankroll right away, it might be a big risk-free bet or it could be something else. In terms of the day-to-day bonuses, you’ll find that sportsbooks present you with more risk-free bets, profit boosts, bet and gets, more deposit matches (if your account hits $0) and also casino bonuses (if you’re in a state or jurisdiction that allows casino gaming). This is just the tip of the iceberg as sportsbooks are getting very creative with their incentives these days as they compete for market share.
How can you keep track of sportsbook promotions?
The best way to keep track of what’s available is by making sure that you’re signed up for all of the communications from your sportsbook. That means allowing the text messages and push notifications, and also signing up to receive e-mails. That way, if sportsbooks have various offers – either via push message or e-mail – you’ll be seeing them.
Also, make sure to sign into the sportsbooks to see what’s happening. Companies like DraftKings and BetMGM won’t always notify you that you’re getting a bonus. They want you to check in on their site, so make sure you do that. Otherwise, you might miss something good.
Are there any strings attached to sportsbook promotions?
Yes, there can definitely be some strings attached. Typically, a sportsbook will have all sorts of terms and conditions attached to promo, so make sure you read the details before you place your bets. Some of the common conditions you’ll want to think about are minimum odds and wagering requirements. Minimum odds stipulate at what number your wager must be placed to qualify. With wagering requirements, that tells you how many times you’ll have to wager your bonus before the sportsbook will unlock it as cash.