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Betting Sites Offering $1,000 Bonus Bets

Find out which top US sportsbooks offer $1,000 sign on bonuses and how you can claim them. On this page, we analyze the types of offers you can receive and how to get the most out of your $1,000 betting bonus.

As competition heats up among US sportsbooks, operators are throwing more crazy promotions at players to get them to join over a rival. One of the best examples of this is a $1,000 Bonus Bet.

With the rise in popularity of online sports betting in the US, online sportsbooks offer several bonuses and promotions to encourage bettors to sign-up. These bonuses often appear in different formats like free play, but one of the most prominent is a bonus bet, or second chance bet, previously referred to as free bets. If you are looking to kick off your online gambling experience or searching for a new operator, bonus bets are an excellent way to begin, especially when they can be worth a good chunk of change. Bonus sportsbook bets vary in the amount they are worth. You will typically see online sportsbook sites offering sports bettors $500 bonus bets to entice them to their platform. What could be better than a bonus bet worth up to $500? How about a $1,000 bonus bet?

One of the most generous offers available is a $1,000 bonus bet. Some sportsbooks may refer to their welcome bonus or ongoing promotions as different things, but essentially a bonus bet, 2nd chance bet, and an insurance bet are the same. Using a bonus bet worth up to $1,000 means if your first bet loses, the operator will refund you up to the value of $1,000. Betting sites offering 1000 bonus bets are becoming more frequent.

This article covers how bonus bets can differ, the most appealing $1,000 bonus bet offers available and if they require sportsbook promo codes, and how to decide the best one for you.

Best $1,000 Bonus Bet Sportsbooks

As we have mentioned, as well as providing standard promotions such as an odds boost or excellent live betting options, most online sportsbooks provide generous bonuses. For example, if you have a Barstool sportsbook promo code you can get your $1000 bonus bet to wager on events like the NBA playoff and the Champions League. We have listed the online sportsbooks below that offer fantastic wagering options in addition to a superb promo bonus of $1,000 in bonus bets.

#1. DraftKings Sportsbook

Like the FanDuel online sportsbook, DraftKings is among the most popular sports betting brands in the US. The company is known for its daily fantasy sports contests and now has an excellent DraftKings sportsbook app and online platform offering several betting options. If you like a niche sport, DraftKings has you covered with a wide range of betting markets from the NFL to table tennis. New players will be rewarded with a deposit bonus worth up to $1,000. As soon as you make your real money deposit, the operator will credit your account with $1,000.

While there’s no traditional DraftKings no deposit bonus available, the $1,000 play-through bonus still gives you a stress-free buffer zone for your first bets. Even if your wager loses, you’ll still have extra bonus funds and your initial deposit to play with. There may be some restrictions to be aware of. For example, the bonus may not be used for a same game parlay. However, it is still a fantastic offer for any sports bettor. There is no need to use a DraftKings Sportsbook Promo Code, just sign up and register an account to claim.

Claim now at

2005 ratings
Up To $1,000 Deposit Bonus
  • Accepts deposits as low as $5
  • Hefty welcome and referral bonuses
  • Available in 22 US States

#2. FanDuel Sportsbook

The FanDuel sportsbook app has grown to become one of the market leaders, and it isn’t hard to see why. Anyone who signs up for a FanDuel sportsbook account can claim a FanDuel $1,000 no-sweat bet. Whether you are using FanDuel Illinois, FanDuel Arizona or FanDuel New York, you can use this FanDuel no sweat bet promotion to bet on the Boston Celtics in the NBA finals or any other prominent sport. This bonus is reserved for new users and is one of the highest bonuses in the industry. The lack of playthrough requirements makes this offer so generous, and you can withdraw your winnings instantly if you wish. Use our links to claim this offer today with no FanDuel 1000 promo code needed.

If a FanDuel sportsbook promo code is ever required for this offer, we will update this page. Currently, there is no FanDuel promo code needed, and you also don’t need to search for FanDuel $1,000 no sweat bet Reddit to get your hands on this offer.

Claim now at

FanDuel $1,000 no sweat bet

1148 ratings
Bet $5, Get $150 In Bonus Bets
  • Massive Choice of Sports
  • Daily Odds Boosts
  • Convenient Banking

Are Bonus Bets Really Without Risk?

Operators have been moving away from the term “risk free bet” and will now refer to them as bonus bets or second chance bets. As operators and licensing bodies put more emphasis on responsible gambling, the term risk free has been deemed misleading and has led to sportsbooks using different terminology.

Bonus bets are fantastic for most purposes; however, any bonus bet offered by licensed US Sportsbooks is not completely free. Despite a lot of players believing the term ‘free’ is too good to be true, some sports wagering options are better than others. How valuable a first bet that carries less risk depends on how you will be refunded if the bet loses. For example, if you register at the Barstool sportsbook and claim the Barstool bonus bet, but the refund is given in increments as site credit rather than all at once, you may decide to place your sports wagers elsewhere.

Some punters prefer bonus bet wagers over no deposit bonuses or matched deposit offers as it gives them a second chance if they lose on their initial bet and removes any pressure they may feel. It reassures people to see the bet value instantly refunded in their sportsbook account.

How Does a $1,000 Bonus Bet Work?

Several online sportsbooks offer bonus bets as sign-up promotions. They are among the most popular bonus offers for bettors who are about to place their first sports wager in the US market. Essentially, they are opening sportsbook bonus offers to welcome new players. When a user places a sports bet and wins, they have won money that will be added to their account, with no strings attached. However, if the bet fails, the operator will refund the customer in the form of “bonus cash,” site credit, or a “bonus bet ” for bets at the sportsbook.

Bonus bets will appear in different amounts, usually ranging from $100 all the way up to $2,000 on various US sports betting sites. There will be terms and conditions attached to these offers, so you can’t bet up, and there will also be playthrough requirements before you place your first wager.

DraftKings Sportsbook $1,000 free bet

Bonus Bets vs. Site Credit vs. Bonus Cash

As we’ve mentioned above, an online sportsbook can choose to pay out the bonus bet in different bonus currencies. While things like bonus bets, site credit, and bonus cash also sound the samey, they actually involve different terms of usage. Now, we’ll go through each of these currencies and explain what you can do with them, as well as what prerequisites you have to fill before withdrawing any winnings obtained by using them. Do note that the exact terms surrounding these currencies can vary from sportsbook to sportsbook, but the operators tend to have some sort of consensus on what each of these currencies entails.

Bonus Bets

A bonus bet is a wager that you make without any cash – real or in-site credit – attached. In case you win your wager, your winnings will be immediately withdrawable, but your payout will not include the initial stake, as you’ve not actually staked anything in the first place. Bonus bets usually come with no wagering or rollover requirements.

Site Credits

If your initial wager loses, some sportsbooks will pay out the bonus bet insurance in site credits. Site credits can be used for any betting or gambling activity on the site (unless the conditions explicitly say otherwise). They act as a substitute for cash but they are non-withdrawable. However, any winnings made from them are.

Site credits differ from bonus bets in several ways. First, they provide more flexibility and betting options, as they can usually be used anywhere on the site – even in the sportsbook’s casino section. Second, they are usually awarded in bigger increments than bonus bets, which are usually capped at $5, $10, or $20. Lastly, the initial stake made with site credit will be included in any potential payouts, while bonus bets only pay out the wager’s profit. As such, bettors tend to prefer site credits over bonus bets.

Bonus Cash

Lastly, we have bonus cash. This is often regarded as the least desirable of the three currencies and is often encountered in matched deposit offers. Bonus cash is both non-withdrawable and comes with playthrough requirements, meaning you’ll have to wager the bonus amount several times before any winnings made from bets made using this currency can be withdrawn.

Example of Using a $1,000 Bonus Bet

Let’s look at an example of using a bonus bet. Your registration at a sportsbook has been verified, and you are ready to make your first deposit. You plan to bet on the Dallas Cowboys at -110. If the bet wins, you will get $955 (the original $500 bet plus the $455 in winnings) transferred to your account, which is eligible for withdrawal.

You might then decide to bet on the Bulls +5 at -110. If the wager wins, your account will show $500. You will not get the $500 stake from the “free bet” back as you would in the situation if the bet won and you had $955 in your account. This means by losing the Cowboys bet and winning the Bulls bet, in this example, you end up down $44.025 from your original deposit.

You will find that many betting sites will offer a bonus bet on significant sporting events such as the Super Bowl. Whether you have a bonus offer from BetMGM New Jersey or a deposit match offer, always read the terms and conditions before playing.

Strategy for $1,000 Bonus Bets

There is one way you can ‘beat’ these offers, so you are benefitting from a genuine bonus bet profit. To do this, you must do some research comparing the lines between different sportsbooks in the hope of finding an arbitrage situation where you can wager on both sides of the bet and guarantee that you will win.

These are difficult to find, but you may encounter another sports betting site offering a promotion or “odds boost” on an event or game that you can take advantage of if you do your research.

The best strategy for these types of offers can be broken down as the below:

  1. Bet as much as the offer allows. In this case, $1,000 (if you feel comfortable wagering that amount).
  2. Don’t wager any more than the maximum when using the offer (make another bet if you wish to wager more).
  3. Choose the type of bet you are using the offer on wisely.
  4. Try something new and bet on something you wouldn’t normally. There is no risk, so it’s a good chance to branch out.
  5. Use different operators. This way, you can claim several $1,000 bonus bet offers.

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Choose More Than One Bonus Bet Betting Site

You might be choosing between BetMGM New York or FanDuel NY about where to play. However, when choosing between bonus betting offers, you should select the site that offers the best odds on the bet that you are looking to place.

For example, if you wanted to bet on the Cincinnati Bengal’s moneyline against the Los Angeles Rams in Super Bowl LVI, you should find the site with the most favorable odds. Some sportsbooks might have the Bengals at +450, while another site with a bonus may offer the Bengals at +500. If you wager $200 on the Bengals and they win, by using the book with the best odds, you will claim $1,000 instead of $900.

Additionally, another reason you should do some shopping when looking for the best bonus bet offers is to place multiple bonus bets in order to make the most of your edge from all of the bonus betting promos. If you place multiple longshot bonus bets, you will likely have a big win eventually.

How to Sign Up to Claim Bonus Bets Online

How you register for a bonus bet depends on the app. In general, the below steps apply to enable you to get a bonus bet:

  • Create an account: To register for an account, you must enter some personal information. To verify your identity, an online sportsbook might need a photo of your ID.
  • Opt-In: Some sports betting apps require you to opt-in for your bonus bet or welcome bonus.
  • Place your wager: Your first bet will be the bet that counts toward the bonus bet promotion.
  • Claim your winnings: If you win, your account will be credited with the funds.
  • Use your bonus bet: If you lose, you will usually have seven days to use your bonus bet.
  • Withdraw: If you like using the app, always keep some money in it, but you can withdraw some of your winnings to use for other bonus bet offers.

Advantages of Bonus Bet Betting

When you start your online betting journey, you will have lots of sports betting apps to choose from. The sports betting bonuses each app offers will be a crucial factor in choosing which site to join. Bonus bets are among the most generous in the betting market, let’s take a look at the benefits they provide.

Excellent for bets you feel good about

Sometimes, bettors find a wager that they feel really confident about that they stake more money than usual on. A $1,000 bonus bet would be great in this case as your risk is mediated if you are betting more than usual.

Boost your bankroll

if you don’t have much of a bankroll before placing your qualifying bet, wagering with a bonus bet offer could significantly increase your bankroll. If your first bet wins, then you could have a large profit. If it loses, you could potentially win big on the bonus bet you get as part of the bonus.


Even if you are completely new to betting and haven’t got a clue what a prop bet is, you can make money from bonus bets because of the math involved. Online sports betting sites aren’t expecting a short-term profit on bonus bet promos. Sportsbooks offer bonus bets as a way to get customers on their app to keep them engaged, so long-term you will give your money back to the sportsbook. As always, whether you are playing on the FanDuel Michigan site, FoxBET, or any other platform, whenever you come across a $1,000 bonus bet, always read the terms and conditions.

Where Can I Legally Place Bonus Bets?

If you find a $1,000 bonus bet, it is vital that you are in a state where online sportsbooks are legal to operate. The current states with legal sports betting apps are below

  • Arizona
  • Colorado
  • Connecticut
  • Delaware
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Louisiana
  • Massachusetts
  • Maryland
  • Michigan
  • Mississippi
  • Nevada
  • New Jersey
  • New York
  • Ohio
  • Pennsylvania
  • Tennessee
  • Virginia
  • Washington D.C. (D.C)
  • West Virginia
  • Wyoming

You will find betting sites offering $1,000 bonus bets in the states above. Some sites, such as the BetMGM sportsbook or the Barstool sportsbook may require a bonus code to claim your offer.

Typically, you will be able to use your offer on most markets playing on sportsbooks in the above states. You can wager on an NFL week game, whether that be Monday Night Football or Thursday Night Football. All your favorite NFL teams, from the Denver Broncos to the Detroit Lions and the Philadelphia Eagles will have markets available on them.

In addition to the NFL, look out for bet boosts and other promos that are attached to major sporting events throughout the year. You will see sportsbooks offering unique bonuses for the NBA playoffs, March Madness tournament, golf majors and the Stanley Cup.

Terms & Conditions

Bonuses at most online sportsbooks come with various wagering requirements and T&Cs for their bonus bet offers. You must pay attention to the fine print before handing over cash to the site. Site credit and bonus bets come with expiry dates, so make sure you don’t lose them before they expire. Ultimately, using a $1,000 bonus bet is a fantastic way to begin your betting experience with a new operator. If you win, brilliant. If you lose your bet, you’re covered.

What is Bonus Bet Matched Betting?

A lot of bonus bets offered by US sports betting sites are ‘matches’, which appear as deposit match bonuses or bonus match bets. With a match bet offer, the sportsbook gives you the cash equivalent of your first deposit amount, with a maximum value set.

For example, the PlaySugarHouse sportsbook has a 100% deposit match worth up to $250. Consequently, if you deposit the maximum of $250 you will receive another $250 in your account.


How do free bonus bets work?

Free bonus bets can come in different forms, such as parlay insurance a no sweat first bet or loyalty programs for existing customers. Free bets are given to new users at an online sports betting site. Essentially, you are using free cash to place your first wager up to a capped amount. Your free bets can be used as one single wager or be split into smaller denominations depending on which site you are using. If your free bet wins, you just collect your winnings and move on to your next wager.

Do bonus bets expire?

Bonus bets typically expire after around seven days, but again, this depends on the operator. This means that you must use any bonus credits you have within this period, or they will be removed from your account. However, some sites may give you more time. This is why it is important to always check the terms and conditions of any bonus so you don't miss out.

Can I withdraw my bonus bet winnings?

Yes, you are free to withdraw your bonus bet winnings. However, some sportsbooks will have playthrough requirements which are attached to any winnings. For example, if you win $100 on your bonus bet and there is a 4x rollover requirement, then you must place $400 in bets before you are eligible to claim the bonus bet winnings in full. Fortunately, most operators will allow you to withdraw your bonus bet winnings instantly.