MaximBet Sportsbook Promo Code for February 2023


Mike F


Jan 31, 2023

Huge casino fan who loves the occasional sports wager. You can usually find me at the blackjack table or playing slots.


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MaximBet is one of the most reliable bookmakers in the US sports betting scene. This sportsbook is fully operational in Colorado and offers a variety of sports betting features for new and experienced players.

MaximBet Sportsbook promo codes

Aside from its attractive odds and diverse betting markets, MaximBet also features some of the best bonuses in CO. If you like to claim any of the offers available on the platform, make sure to read this in-depth MaximBet bonus review.

274 ratings
Up To $1,000 In Free Bets
21+. T&C Apply
21+. T&C Apply
  • Huge Free Bet Offer
  • VIP Party Entry
Up To $1,000 In Free Bets
21+. T&C Apply
21+. T&C Apply

This writeup takes a quick look at MaximBet rewards and how to use the MaximBet Sportsbook promo code. Let’s go!

MaximBet Promo Code
🎁Promo CodeNo Code Required
💵Welcome Offer$500 risk-free bet
🇺🇸 AvailabilityColorado
💲Minimum Bet$10
⏱️Last Verified?February 2023

MaximBet Promo Code for the $500 Risk-Free Bet

Unlike other online sportsbooks, MaximBet online sportsbook doesn’t offer a promo code for its risk-free bonus offer. In order to claim the package, simply create an account, make an initial deposit, and place a bet.

If you’re lucky to get a win, that’s good for you. But if it loses, MaximBet will refund up to $500 in risk-free bet credits. In other words, the refund is equivalent to the stake of the lost bet. So, let’s say you place a $1,000 bet and lose. The sportsbook will still give you $500 in risk-free bets

Meanwhile, the minimum qualifying deposit is $10, and the promotion ends in December, 2023. Also, the promotion is only available to Colorado bettors aged at least 21.

Other things to know about the MaximBet promo code

  • A minimum sports wager of $10.
  • You must sign up through
  • The qualifying wager (the first bet) must be settled within seven days.
  • The bonus has a 1x wagering requirement.
  • If the bet outcome is a push, no free bet is credited.
  • The bonus is credited 24 hours after losing the qualifying bet.

It’s also worth noting that the $500 free bet credits will remain valid for seven days after claiming it. Also, the free bet credits are only eligible for bets with -200 odds or higher.

And as said before, winnings are non-withdrawable until you meet the 1x playthrough requirement. That’s fair enough!

274 ratings
Up To $1,000 In Free Bets
21+. T&C Apply
21+. T&C Apply
  • Huge Free Bet Offer
  • VIP Party Entry
Up To $1,000 In Free Bets
21+. T&C Apply
21+. T&C Apply

Can I get free bets with the MaximBet promo code?

Unfortunately, MaximBet doesn’t offer a free bet no deposit bonus to Coloradan bettors. There’s also no MaximBet promo code to use. Instead, new bettors will have to make do with the $500 risk-free bet.

If free bets or new welcome bonuses are introduced, we will update you here.

How to use the MaximBet promo code for new players

With the absence of a MaximBet promo code, it’s relatively easy to claim the welcome bonus. Follow these quick steps:

Step 1

Visit the official MaximBet website using a mobile or computer browser. But installing the Android or iPhone app is a good idea if you like betting on your mobile phone. It offers a quick, convenient, and feature-rich betting experience.

Step 2

Once you’ve opened the app, click the green “Register” button and enter your name, email, and state. Before submitting the form, you must confirm your age and accept the account policy to register a MaximBet account.

Step 3

After confirming the account details, you’ll instantly get a confirmation email.

Step 4

Visit the cashier, make a qualifying deposit, and place a bet. If the bet loses, the risk-free bet will automatically become yours within 24 hours. That’s it!

274 ratings
Up To $1,000 In Free Bets
21+. T&C Apply
21+. T&C Apply
  • Huge Free Bet Offer
  • VIP Party Entry
Up To $1,000 In Free Bets
21+. T&C Apply
21+. T&C Apply

In which states is the MaximBet Risk-Free Bet valid?

MaximBet is currently legal in the Centennial State only. However, the sportsbook is presently at an advanced stage of launching in Indiana, Iowa, New Jersey, Ohio, Louisiana, and Ontario. Also, MaximBet is looking to launch its casino services in Ontario, New Jersey, and Pennsylvania.

MaximBet promo codes for returning bettors

At the moment, there’s no PA MaximBet promo code for existing bettors. But this doesn’t mean that Colorado bettors have no running loyalty programs to claim. At the time of writing, we discovered up to five loyalty promotions, aka free bets for existing players, on this online sportsbook. They include:

$10 Just for Kicks

MaximBet free bet

This MaximBet bonus is on and off, depending on upcoming events. In this weekly promo, bettors only have to place a $50 or more bet on the totals market in soccer and win $10 free credits if the bet loses. Remember, only the first soccer bet on the total goals market qualifies for the promotion.

Below are other conditions for the Just for Kicks bonus:

  • The bet odds must be over -200.
  • Live totals selections don’t qualify for the promotion.
  • Only single bets apply. Parlay bets do not qualify.
  • The bonus is credited within 72 hours after the bet is settled.
  • Free bet credits have a 1x wagering requirement.
  • The prize remains valid for seven days after claiming it.

Note also that you won’t get the bonus if the soccer tournament is suspended or postponed, making the market invalid.

$5 free bet credits on MLB props

MaximBet free bets

Colorado bettors can wager at least $5 for five days consecutively on first-inning MLB props and win $5 free bet credits. As expected, there is no MaximBet promo code for this reload bonus. The promotion only applies to MLB bets from Monday to Friday.

Here are other promotional rules that you must know:

  • The “$5 for 5” promotion applies only to the first qualifying MLB bet.
  • Players can only claim the bonus once per week.
  • Bettors must place five $5 wagers each day from Monday to Friday. A single $25 doesn’t qualify.
  • MLB prop bets with odds shorter than -200 don’t qualify.
  • The free bet credits have a 1x wagering requirement.
  • Free bet credits are awarded 72 hours after settling the bet.
  • Players have up to seven days to use the bet credits.

Ideally, this is one of the most straightforward and easy-to-claim sportsbook bonuses. However, we think that the amount could be a little higher. Other than that, go for it!

50% golf weekend cashback

MaximBet sports betting bonuses

Are you a golf fan? Bet on all PGA Tour events and claim the Weekend Candy promotion. This promotion applies to Tour Championships so it’s not always active. You can wager on a golfer to win the Tour Championship outright and get 50% up to $100 cashback if the golfer misses out. There’s no MaximBet promo code for this offer.

Other Weekend Candy promotional rules:

  • The minimum qualifying bet is $10 on the outright tournament winner.
  • Only the first outright winner bet on the PGA tournament qualifies.
  • The Weekend Candy bonus is valid from Monday to Friday.
  • Live outright winner bets do not qualify.
  • Parlay, or combo bets do not qualify.
  • The free bet credits are credited to your account within 72 hours.
  • Free bet credits have a 1x wagering requirement.
  • The bonus is only applicable on bet odds of -200 or higher.

20% MLB parlay cashback

MaximBet promotions

MLB bettors can claim the “One Out Rally” promotion, which runs all year round. Players only need to place a bet greater than $5 on a three-legged MLB parlay to claim the bonus. Then, MaximBet Sportsbook will grant you a 20% up to $100 refund if a single leg loses. Just consider this bonus offer as parlay insurance.

MaximBet MLB parlay insurance promotional rules:

  • The minimum qualifying bet is $5 in a three-leg MLB accumulator bet.
  • Only the first three qualifying MLB bets are eligible for the bonus.
  • Wagers are open from Mondays to Sundays and only once per week.
  • The minimum odds for the three-leg MLB parlay is +200.
  • Live MLB parlay bet selections are invalid.
  • The free bet credits have a 1x wagering requirement.
  • MaximBet will credit the free bets within 72 hours of the bet settlement.
  • The bet credits are valid for only seven days.

$10 free weekend credits on golf markets

MaximBet weekly promos

“Make the Cut” is easily one of the most flexible bonus offers on MaximBet Sportsbook. That’s because this weekend offer allows you to bet at least $50 on any golf market on Thursday and get a $10 bonus for the weekend. The bonus is updated on April each year.

Here are the promotional rules:

  • Bet at least $50 on any golf market during the valid bonus period on Thursdays.
  • Bettors can participate in this promotion only once per week.
  • The $10 free bet credits are awarded every Friday.
  • Winnings are non-withdrawable before fulfilling the 1x wagering requirement.
  • The bonus credits are valid for only seven days.
  • Free bet credits can only apply in odds more than -200.
274 ratings
Up To $1,000 In Free Bets
21+. T&C Apply
21+. T&C Apply
  • Huge Free Bet Offer
  • VIP Party Entry
Up To $1,000 In Free Bets
21+. T&C Apply
21+. T&C Apply

MaximBet Sportsbook expired free bet credits

You’ll find numerous articles purporting to offer a MaximBet bonus code. But don’t believe everything online. While some of these articles are legit, the bonus offer can be outdated.

As mentioned above, MaximBet recently dropped the deposit bonus in favor of risk-free bet credits, which is trending in the sports betting market.

Also, as you can see, most MaximBet promotional offers expire quarterly, which is why we update this page weekly. This means the sportsbook will likely usher in new bonuses for the coming month and beyond. So, make sure to double-check here for more bonus updates at MaximBet.

How the MaximBet welcome bonus compares to other CO Sportsbooks

The MaximBet welcome bonus is undoubtedly great, although other sportsbooks like DraftKings, FanDuel, and BetMGM offer double the amount. But smart bettors always look beyond the bonus size.

For example, if you put the MaximBet welcome bonus against the match deposit bonus on DraftKings, you’ll realize that the former has better value.

The DraftKings welcome offer has a 25x wagering requirement, which might be unappealing to impatient players. On the other hand, you just need to play with the free bet credits 1x at MaximBet to withdraw the winnings.

Another comparison is the 100% up to $250 match bonus at BetRivers Sportsbook. Although this offer has a 1x requirement, like the MaximBet welcome promo, the total amount is lower. Overall, the MaximBet welcome bonus remains one of the most competitive in the Colorado betting scene.

MaximBet CO overview and standout features

Owned by Maxim Entertainment and Carousel Group, MaximBet is a new face in the Colorado sports betting market and nationwide.

The sportsbook launched in Colorado in September 2021, promising Coloradans an “immersive entertainment experience” with the coolest real-world experience. To prove its ambitious approach, MaximBet has a promotional contract with Nicki Minaj, arguably the most popular female rapper in the world.

MaximBet features

Additionally, MaximBet insiders claim that the online sportsbook provides competitive betting lines across the board.

They say that MaximBet can afford to do so because of technology and in-house odds bettors who ensure that the sportsbook doesn’t depend on third parties to provide betting services.

The concept sounds appealing, but one thing is sure; the sportsbook faces cut-throat competition in the crowded Colorado market.

MaximBet Play app

Besides the competitive odds, the MaximBet Play app is another major attraction at this sportsbook.

But how is this mobile app different from other sportsbook apps?

Launched in December 2021, MaximBet Play is the first ever free-to-play app. This stylish and intuitive app gives Coloradan sports bettors access to a nationwide and unlimited betting experience.

This app allows Colorado bettors to find the most prominent games with massive jackpot prizes. You’ll earn weekly, monthly, or season-long leaderboard points to qualify for the award as you play. The game library is continuously refreshed with more contests, allowing bettors to earn more leaderboard points. The top prize can hit $10,000. Overall, the more you play, the more points you earn on the leaderboard.

MaximBet in-play betting

As expected from a top online sportsbook in the US, MaximBet offers Coloradans a chance to wager on numerous live events.

The sportsbook provides many daily in-play betting markets on its website and mobile app. The live betting page is functional 24/7 with betting markets on major leagues like NHL, MLB, NBA, MLS, NCAAF, and more. You can also find markets in international leagues like the Spanish La Liga, Italian Serie A, and English Premier League.

But although the market depth is acceptable, it’s not as extensive as what you’ll find on other top Colorado sportsbooks like FanDuel and DraftKings. The markets mainly consist of standard options like moneyline, props, point spreads, and totals. You’ll also be disappointed that the sportsbook doesn’t offer an inbuilt live streaming option. But being a relatively young sportsbook, we can excuse them for now.

MaximBet Sportsbook banking methods

This is another area where MaximBet needs to improve. Whereas competing sportsbooks in Colorado offer numerous banking options, including PayPal, MaximBet players will have to live with Visa, MasterCard, and Skrill. But don’t worry; the sportsbook has promised to add more banking methods soon.

Having said that, the sportsbook’s terms and conditions clearly state that withdrawals can only be processed via the deposit method. So, if you deposit via Skrill and win a withdrawable amount, the payout can only be processed on Skrill. However, that’s normal on most legal sportsbooks in the US.

As for the limits, the sportsbook allows bettors to deposit unlimited amounts. The same applies to withdrawals, which are subject to bettors completing the KYC (Know Your Customer) process.

To request a payout, click the “Withdraw” button and enter the amount. Bettors receive their payouts within five business days. Also, processing withdrawal requests above $20,000 or an equivalent currency can take longer.

What about the withdrawal charges?

The thing is that MaximBet doesn’t charge bettors to process a payout request. Head to the cashier section and process a withdrawal without paying a coin. However, bank rates might apply if you use Visa or MasterCard to withdraw.

MaximBet customer support

The MaximBet sportsbook support system is one of the most reliable in the US sports betting market. The sportsbook offers 24/7 support via email, phone, or live chat. Simply start a chat session and leave a message or ask for a phone callback. Bettors can also visit the “help” page, where the sportsbook answers all questions regarding deposits, withdrawals, bonuses, etc.

Tips for using the MaximBet Sportsbook promo code

It’s always one thing to claim the welcome package and another thing to use it effectively. Luckily, some tips can help bettors squeeze out the most from the MaximBet free bet credit.

Firstly, carefully read the bonus terms to ascertain what’s needed. The sportsbook won’t hesitate to void the bonus if you break the slightest of rules. For example, you can only use the MaximBet free credits on bets with -200 odds or higher. Also, the free bet credit is only available for seven days, after which the sportsbook will withdraw the offer.

Secondly, always use the correct signup address and bonus code to qualify for the reward. As said before, Colorado bettors must sign up through the link to qualify for the prize. And if the bonus has a code, be sure to enter it during the signup process.

Third, don’t go about claiming every bonus that comes your way on the betting site.

Remember that bonuses are to cushion you from losses or give new players a headstart at the sportsbook. So, some sportsbooks will immediately flag your account if you go about claiming everything.

Lastly, the bigger the bonus, the higher the possible win. At MaximBet sportsbook, new players get free credits equivalent to their initial bet amount. For instance, if you place a qualifying bet of $50 and it loses, you’ll get a refund of $50 in risk-free bet credits. Therefore, the more, the merrier.

Key Takeaways

We hope that this detailed MaximBet bonus review has cleared any doubts you may have regarding the sportsbook’s promo codes.

As it stands, Colorado bettors don’t have to enter any promo code to qualify for the $500 welcome bonus. Register an account, place a qualifying bet, and win the bonus if the bet loses. Remember, the rewards are subject to changes by the sportsbook.

274 ratings
Up To $1,000 In Free Bets
21+. T&C Apply
21+. T&C Apply
  • Huge Free Bet Offer
  • VIP Party Entry
Up To $1,000 In Free Bets
21+. T&C Apply
21+. T&C Apply

FAQs about MaximBet Sportsbook Bonuses

Who owns MaximBet Sportsbook?

Launched in September 2021 in Colorado, MaximBet Sportsbook is jointly owned by Maxim Entertainment and Carousel Group. Before the launch, the sportsbook was called

How can I get the MaximBet welcome bonus?

To trigger the MaximBet welcome promotion, Coloradans only need an active account at the sportsbook. Once you have a MaximBet sportsbook account, you’ll place a real-money wager of at least $10 and win the free bet credits if the bet loses. The maximum amount bettors can win is $500. Take note that there is no MaximBet promo code available.

What is the MaximBet bonus code?

MaximBet bettors don’t need to enter a bonus code to claim the welcome promotion. Just fire up the sportsbook, place a bet, and claim the reward. The same applies to all active loyalty offers.

Where is MaximBet Sportsbook legal?

Currently, only players in the Centennial State can join MaximBet Sportsbook. However, the sportsbook is expected to launch in Iowa, Louisiana, Indiana, New Jersey, Ontario, and Ohio.

Does MaximBet have an online casino?

No, there’s no MaximBet Casino yet. But the company plans to launch one in Pennsylvania, New Jersey, and Ontario in 2023. Remember that online casino gambling is illegal in Colorado.