As already noted, a Sportsbook promotion code is also known as a promo code. Other names betting sites may give to their headline offers include bonus code, voucher code, deposit code or coupon code.
There are variations on what the code specifically means, depending on which Sportsbook you’re looking to join, but simply put, a Sportsbook promo code is a special code which is designed to give you additional bonus funds to bet with when you join a new betting site.
We have strong relationships with the majority of online Sportsbooks and try to negotiate exclusive offers for our readers. Most of the time – if not all of the time – the welcome offers you’ll see here at ExpertPicks.com are the best you’ll find anywhere on the Internet – including if you went to the Sportsbook direct!
Sportsbook promo codes are often linked to the various type of welcome offers made available by betting sites as an incentive when you join them.
Types of free bets include:
Matched Deposit Free Bets - A matched deposit free bet usually sees a Sportsbook match the amount of your first deposit with a free bet (or bets) up to the same value. Qualifying for such an offer may depend on whether you use a promotion code when registering, so be sure to double check before making your deposit (if a promo code is required, we’ll tell you about it).
Matched Bet Free Bet Offer - Similar to the matched deposit offer, matched free bets typically give you a free bet from a betting site once you have placed your first bet after opening a new account.
Your first bet with this offer is referred to as a ‘qualifying bet’ and may again require a promotion or bonus code. Once your qualifying bet has been placed (and often once that bet has been settled), your free bet will appear in your new account.
Risk-Free Bet - These kinds of bets are quite hard to find these days, but remain popular with sports punters. As a general rule, a risk free bet enables you to place a real money bet knowing that should it lose, you will receive your stake back as a free bet. If the bet wins, you’ll receive your winnings. If the bet loses, you’ll receive the value of your bet (your stake) as a free bet. Again, betting sites may require a promotion code or bonus code when depositing, so be sure to check.
Other bonus types include no deposit free bets (which are rare) and free bet credits. When it comes to claiming free bet credits, terms and conditions may differ slightly from some of the above free bet offers, but the idea behind them is similar.