Betting Apps That Give You Free Money

Author:

Bogdan L

Updated:

Jan 31, 2023

Massive fan of eSports and slots. Bogdan has been in the iGaming industry for over three years and constantly following live betting and slot streams.

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Betting Apps With Free Money

The online betting industry has exploded since the federal change in legislation that allowed states to determine their own gambling laws, and with that, the consumer landscape of the industry has become over-saturated with dozens of options of online sportsbooks to bet with. Due to the over-saturation of the market, sports betting sites around the country offer ways for users to earn free money to stand out and retain their customers.

Almost every sports betting app will offer some form of bonus money for new users, and many allow existing users to receive similar bonuses in smaller amounts. Because of the number of bonuses available, new users might need assistance wading through the sheer number of them to find what fits their needs.

This guide will discuss the top five sports betting apps with free money, how to get the offers (for new and existing users), their pros and cons, and the possible terms and conditions of these offers.

5 Top Betting Apps with Free Money Bonuses February 2023

2002 ratings
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Up To $1,000 Deposit Bonus
21+. T&C Apply
21+. T&C Apply
  • The best sportsbook
  • Amazing odds & offers
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Up To $1,000 Deposit Bonus
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21+. T&C Apply
1147 ratings
Review
No Sweat First Bet Up To $3,000
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21+. T&C Apply
  • Convenient banking
  • Massive choice of sports
No Sweat First Bet Up To $3,000
21+. T&C Apply
21+. T&C Apply
Promo Code: GAMBLEUSA
1439 ratings
Review
Up To $1,000 In Bonus Bets
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21+. T&C Apply
  • Promo Code: GAMBLEUSA
  • Super fast payouts
  • Live streaming
Promo Code: GAMBLEUSA
Up To $1,000 In Bonus Bets
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21+. T&C Apply
Promo Code: GUSAFULL
1261 ratings
Review
First Bet Is On Caesars Up To $1,250
21+. T&C Apply
21+. T&C Apply
  • Promo Code: GUSAFULL
  • Massive welcome bet offer
  • Earn Caesars Rewards
Promo Code: GUSAFULL
First Bet Is On Caesars Up To $1,250
21+. T&C Apply
21+. T&C Apply
Promo Code: GUSA
1859 ratings
Review
5 x $50 Second Chance Bets
21+. T&C Apply
21+. T&C Apply
  • Promo code: GUSA
  • Multiple bet types
  • Huge range of sports & markets
Promo Code: GUSA
5 x $50 Second Chance Bets
21+. T&C Apply
21+. T&C Apply

A good rule of thumb for choosing a sports betting app is whether or not their welcome bonus is worth $1,000 or more because that has become an industry standard. For example, each of the free bet bonuses below are equal to or worth more than $1,000. While you might want to use only some of the $1,000 bonus code, it’s generally a good sign because only the best online betting sites can afford these lucrative bonuses.

Below are five of the best mobile betting apps and sites that feature ways for users (new and existing) to receive free site credit!

#1 DraftKings App: $1,000 Bonus Free Betting

First and foremost, the DraftKings Sportsbook is one of the best sports betting sites in the country because of the sheer amount of bonus money that users can acquire from promotions for new and existing users. DraftKings features several daily bonuses for different popular sports and leagues like the NFL, the NBA, the MLB, college sports, and the NHL.

The bonuses that users can use daily change frequently and can be found on the promotions page of the app in the far-right tab at the bottom of the screen. The DraftKings online sportsbook features bonuses such as:

  • Risk-Free Bets
  • Money Back Free Bets
  • Odds Boosts
  • Odds Modifiers
  • DraftKings Lossback
  • Same-Game Parlay Insurance
  • Reload Bonuses (received via email)

The welcome bonus for new users of DraftKings is a 20% deposit bonus code that provides users with up to $1,000 in bonus money based on their initial deposit and $50 in free bet funds. No promo code is required; click the link here to register for an account and get this offer.

2002 ratings
Review
Up To $1,000 Deposit Bonus
21+. T&C Apply
21+. T&C Apply
  • The best sportsbook
  • Amazing odds & offers
  • Awesome betting app
Up To $1,000 Deposit Bonus
21+. T&C Apply
21+. T&C Apply

#2 FanDuel App: $1,000 Risk-Free Betting

FanDuel is most similar to DraftKings because it has many ongoing promotions for users to take advantage of on qualifying bets. It has the second most free bet offers for existing customers (second only to DraftKings and not by much) on the internet, with several ways to get risk-free bets, free bet stakes, and parlay insurance offered daily.

The promotions for existing users of the FanDuel Sportsbook can be found on the sportsbook app, while the website only features a handful. Ongoing promotions are listed below:

  • Risk-Free Bets
  • Parlay Insurance
  • Free Bets
  • Odds Boosts
  • Odds Modifiers
  • Reload Bonuses

FanDuel doesn’t offer any completely free bet, but it does offer a risk-free bet worth up to $1,000 that, if it loses, will be returned to the user in free bet credits. No promo code is necessary for this offer, and it can be claimed by signing up for an account using this link.

1147 ratings
Review
No Sweat First Bet Up To $3,000
21+. T&C Apply
21+. T&C Apply
  • Convenient banking
  • Massive choice of sports
No Sweat First Bet Up To $3,000
21+. T&C Apply
21+. T&C Apply

#3 BetMGM App: $1,000 Risk-Free Money Betting

Next up is BetMGM, which has one of the best user interfaces on the list because of its easy-to-use app that makes online sports betting a breeze and gives users access to promotions that are not on the website. These promotions can also be earned through missions from the BetMGM rewards program that gives users the ability to earn plenty of ways to get free money!

The BetMGM app has several ongoing promotions that bettors can take advantage of, including the following:

  • Risk-Free Bets
  • Free Bets
  • Odds Boosts
  • Odds Modifiers
  • Reload Bonuses (received via email)

BetMGM offers new customers a risk-free bet worth up to $1,000 on their initial wager, meaning if the bet loses, the user will receive their money back in site credit. Use promo code “GAMBLEUSA” and click the link here to register for an account and get this offer.

Promo Code: GAMBLEUSA
1439 ratings
Review
Up To $1,000 In Bonus Bets
21+. T&C Apply
21+. T&C Apply
  • Promo Code: GAMBLEUSA
  • Super fast payouts
  • Live streaming
Promo Code: GAMBLEUSA
Up To $1,000 In Bonus Bets
21+. T&C Apply
21+. T&C Apply

#4 Caesars App: Rewards & $1,250 Free Money

The Caesars Sportsbook is one of the most popular betting platforms because of its great odds, hilarious advertisement campaigns, and phenomenal bonuses for existing and new users. Like BetMGM, the Caesars Sportsbook features one of the best rewards programs in the business that allows users to earn reward points and free bets, and other bonuses through different missions given to them.

If you have a sportsbook account with Caesars, you will be automatically enrolled in their rewards program that will give you chances to earn the following bonuses:

  • Risk-Free Bets
  • Parlay Insurance
  • Free Bets
  • Odds Boosts
  • Odds Modifiers

New users to Caesars are given a risk-free bet offer worth up to $1,250 as well as 1,000 tier credits and 1,000 rewards points, which assist users in gaining levels in its rewards program. To receive this offer, click the link here and use the promo code “GUSAFULL” during the registration process.

Promo Code: GUSAFULL
1261 ratings
Review
First Bet Is On Caesars Up To $1,250
21+. T&C Apply
21+. T&C Apply
  • Promo Code: GUSAFULL
  • Massive welcome bet offer
  • Earn Caesars Rewards
Promo Code: GUSAFULL
First Bet Is On Caesars Up To $1,250
21+. T&C Apply
21+. T&C Apply

#5 PointsBet App: $2,000 Free Betting

The PointsBet Sportsbook has the best new customer free bet offers on the list, giving new users two risk-free bets worth up to $2,000, double the industry standard. It could be a lot higher in the number of free bet offers for existing users; however, it offers many odds boosts and modifiers that users can use to earn tons of extra bonus money!

Customers of the PointsBet Sportsbook will have access to the following weekly promotions that can be found by going to the promotions page at the top of the screen on the home page.

  • Risk-Free Bets
  • Odds Boosts
  • Odds Modifiers

To receive the offer above, click the link here and use the promo code “GUSA” when creating an account!

Promo Code: GUSA
1859 ratings
Review
5 x $50 Second Chance Bets
21+. T&C Apply
21+. T&C Apply
  • Promo code: GUSA
  • Multiple bet types
  • Huge range of sports & markets
Promo Code: GUSA
5 x $50 Second Chance Bets
21+. T&C Apply
21+. T&C Apply

How to Get Free Money Offers on Betting Apps

The way to get every promotional offer an online sportsbook has to offer is by signing up for an account on their sports betting platform because by doing so, you receive both their welcome bonuses and their promotions for existing users. There’s also no limit to how many sports betting sites a user can sign up for, meaning you can receive the welcome offer from every online sportsbook in your state as well as use all of the different ongoing promotions for existing users!

To sign up for a sportsbook account, you will need to be in a legal betting state where the service operates and verify your identity and age (minimum age of 21 years required). To verify your identity, you will be required to enter some of your personal information during the registration process to identify who you are, including the information listed below:

  • Full Name
  • Phone Number
  • Email Address
  • Date of Birth
  • Home Address
  • Last Four Digits of Your Social Security Number

Welcome bonuses will also require a deposit or initial bet to earn them, meaning you will need to put some money in your account to earn the new player promotions. While deposit methods will vary based on the sportsbook you’re using, most of the list above accepts some (if not all) of the following payment methods:

Betting App Free Money Bonuses for New Players

As briefly mentioned above, all betting sites have a new player bonus that can be obtained by signing up for an account and making a deposit or a wager. Not all welcome bonuses are the same, so let me tell you about the three most common that online sportsbooks will offer.

The first welcome bonus type is a risk-free bet, sometimes known as a no-sweat first bet, which is very simple; if your first bet loses, you will receive site credit for your stake. For example, most of the sportsbooks listed above feature a risk-free bet as their welcome bonus, like PointsBet, which offers double the industry standard at two risk-free bets worth up to $2,000.

Another bonus type for new users is a deposit bonus, also known as a deposit match bonus, which provides them with bonus cash based on a percentage of their initial deposit after completing a basic playthrough requirement. An example would be from DraftKings, where new users receive 20% of their initial deposit in bonus bets after they’ve played through five times worth their initial deposit.

DraftKings Sportsbook promo offer

The last type of welcome bonus is free bets, which can be given or earned based on whether or not it’s the primary welcome bonus for the online sportsbook. For example, the Borgata Sportsbook features $100 in free bets for new users who place a $20 bet, while the Barstool Sportsbook features a $10 free bet as a little bonus accompanied by its risk-free bet worth up to $1,000.

Betting Apps with Free Money for Existing Users

Most online sports betting apps feature ongoing promotions for existing users as a way to retain their customers because of the over-saturation of the market. Ongoing promotions are generally pretty similar to the welcome bonuses, just worth substantially less because they frequently occur.

Risk-free bets and free bets can be used and earned through online betting play on all the sites listed above. For example, DraftKings featured a risk-free bet worth up to $10 for the U.S. men’s national soccer team’s game in the World Cup against the Netherlands, and BetMGM offers a mission to earn a $10 free bet by placing three NBA parlays over one week.

NFL No Sweat Same Game Parlay

The most popular way to boost your bankroll includes using odds boosts and odds modifiers, which can be for individual betting options or events and applied to your created parlay or same-game parlay. For example, FanDuel offers daily odds boosts on select point spreads, moneyline bets, and prop bets, while DraftKings offers up to a 100% profit boost on a same-game parlay on every NFL and NBA game day.

Profits For The People

Other promotions include parlay insurance, which is similar to a risk-free bet bonus in the sense that the user will receive their money back in the form of site credit, but only if a certain number of the legs of their parlay wins. For example, FanDuel is currently running a parlay insurance bonus for Thursday Night Football worth up to $10.

SGP Insurance Up To $25

Lastly, the least common form of promotion is reload bonuses, which are the same as deposit bonuses, except for existing users. These bonuses are very rare and are generally given to dormant players, meaning they will be sent to your sportsbook account’s email address rather than be given through the app.

Pros & Cons of Betting Apps with Free Money

There are several reasons to use betting promotions to your advantage when using online sports betting platforms like the ones listed above, but the main one is to get the most from your money. There are very limited reasons you should refrain from using a promotion because a general rule of thumb is to get as much free money as possible when betting online, and most betting apps that offer the most are the best!

Pros

  • More winnings
  • Less risk
  • More chances of winning

Cons

  • Tricky terms and conditions (very rare)
  • The bonus is not worth the mission (i.e., spending $50 to get $5 in free bets)

Terms and Conditions

Each free money promotion will have different terms and conditions to be met to receive the bonus, so always read them through before opting in and placing any wagers. For example, many risk-free bets require users to place a qualifying bet with minimum odds of -300 or be placed on a specific betting market or event, like Monday Night Football.

Promotions Terms & Conditions

Many free bet promotions also have a maximum amount that a user can win and will expire after a certain period of time. Generally, that amount is $200, and the time period is seven days, meaning try to avoid winning too much and bet smart, as well as be quick with using your bonuses.

As mentioned above, deposit bonuses require users to fulfill a playthrough requirement, which is generally five times the original deposit amount. A DraftKings user who made a $5,000 deposit will need to spend $25,000 on the betting platform before the full $1,000 bonus cash is released.

Betting Apps Comparison

No matter what you’re looking for in a sports betting site, one of the betting apps above will be right for you. Read the table below to compare the different betting apps, their welcome bonuses, their app store rating, and the states where they are available!

🏈Sportsbook🎁Welcome Bonus📜Promo Code🤑Ongoing Promotions🇺🇸 States Available⭐App Rating
DraftKings20% deposit bonus up to $1,000N/A-Risk-free bets
-Parlay insurance
-Free bets
-Odds boosts and modifiers
-Reload bonuses
AZ, CO, CT, IL, IN, IA, KS, LA, MD, MI, NH, NJ, NY, PA, TN, VA, WV, and WYApple App Store: 4.8/5

Google Play Store: 4.6/5
BetMGMRisk-Free Bet up to $1,000GAMBLEUSA-Risk-free bets
-Free bets
-Odds boosts and modifiers
-Reload bonuses
AZ, CO, DC, IL, IN, IA, KS, LA, MD, MI, MS, NJ, NV, NY, PA, TN, VA, WV, and WYApple App Store: 4.8/5

Google Play Store: 4.2/5
CaesarsRisk-Free Bet up to $1,250, 1,000 rewards tier credits, and 1,000 rewards pointsGUSAFULL-Risk-free bets
-Parlay insurance
-Free bets
-Odds boosts and modifiers
AZ, CO, IL, IN, IA, KS, LA, MD, MI, NJ, NY, PA, TN, VA, and WVApple App Store: 4.6/5

Google Play Store: 4.4/5
PointsBet2 risk-free bets worth up to $2,000GUSA-Risk-free bets
-Odds boosts and modifiers
CO, IL, IN, IA, KS, LA, MD, MI, NJ, NY, PA, VA, WVApple App Store: 4.8/5

Google Play Store: 4.7/5
FanDuelRisk-Free Bet up to $1,000N/A-Risk-free bets
-Parlay insurance
-Free bets
-Odds boosts and modifiers
-Reload bonuses
AZ, CO, CT, IL, IN, IA, KS, LA, MD, MI, NJ, NY, PA, TN, VA, WV, and WYApple App Store: 4.8/5

Google Play Store: 4.7/5

FAQ’s

What betting app has the best free money welcome bonus?

The best welcome offer comes from the PointsBet Sportsbook, which offers new users two risk-free bets worth up to $2,000, which is double that of BetMGM and FanDuel.

What betting app has the best ongoing promotions for free money?

The best ongoing promotions are from the DraftKings Sportsbook, which gives users risk-free bets, odds boosts, odds modifiers, parlay insurance, and ways to earn free bets daily. FanDuel is a very close second because it offers almost as many general promotions, but DraftKings offers more market-specific promotions.

Do you get your money back if you lose a risk-free bet?

Not necessarily; if you use a risk-free bet and it loses, you will be given your risk back in the form of site credit. If you win your bet with your site credit, you will not be returned that risk like you would with a normal money bet.

Are there deposit bonuses for existing users?

Yes! Reload bonuses are the most common form of deposit bonuses for existing users; however, they are sent out rarely to users who have not been active in a while. The reason that online sportsbooks do this is to attract customers back to using their accounts again.

Up To $1,000 In Bonus Bets

Up To $1,000 In Bonus Bets

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