Do Sportsbook Bonus Bets Expire? What You Need to Know
You might have claimed a sportsbook promo code that gets you bonus bets. Here is how they work, if they expire, and more.
DraftKings Promo Code
FanDuel Promo and Offer
bet365 Promo and Offer
Do Bonus Bets Expire?
Yes. Most sportsbooks have an expiration date for bonus bets. Usually, it's 7 days after you receive them. Be sure to check the terms and conditions to confirm so you can use them in time.
How Do Bonus Bets at a Sportsbook Work?
Sportsbooks will dish out bonus bets as part of promotions to attract new users or reward existing customers. They can be used to wager on any game, or sometimes they are awarded for specific events.
For example, you might get $50 in bonus bets for signing up as a new user. These bonus bets are usually located in your bet slip, where you can select them to use on wagers.
Bet and Win vs Bet and Get Offers
With bonus bet offers, you will usually see two types. First, there is a bet and get. This means you bet a certain amount and you receive the bonus bets no matter what. For example, bet365 Sportsbook has run and offer where you bet just $5 to get $200 in bonus bets no matter what. You don't have to win to get the bonus.
There is also a bet and win offer. DraftKings has run this type of offer before. For example, you might see a bet $5 and win $200 in bonus bets. For this type of offer, you have to win your bet to get the bonus bets. If you lose, you won't receive your bonus.
Do I Get My Bonus Bets Back on Winning Bets?
No. When you wager with bonus bets, you will only receive your winnings. Take a look at how it works below.
- $50 Regular Wager
- Odds +100
- Winnings $50
- Payout $100
- $50 Bonus Bet Wager
- Odds +100
- Winnings $50
- Payout $50
When you win with a sportsbook, you receive your stake back as part of the payout. With bonus bets, you will not receive the stake back. You get just the winnings.
Bonus Bets Usually are Divided Up
If you are collecting a large amount of bonus bets, a sportsbook will usually divide them up into smaller bet amounts. For example, BetMGM has run a $1,500 bonus bets back on a losing wager offer. If the bet is over $50, you will see your bonus bets divided up. DraftKings has done something similar and usually divides its bonus bets into $25 increments.
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