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DraftKings

Odds vs. Other Books:
4.3% hold vs. 4.5% avg
*lower is better
VIP/Rewards Grade: 5/5
Summary: DraftKings has one of the best available VIP programs. This is filled with exclusive offers such as deposit matches, larger profit boost, and a VIP representative.

Updated: Apr 17, 2024
4 min read

Note: If you are located in Ontario, we are not able to display any available promotions.

Matched Betting

What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.

Available Locations

Overview

DraftKings is the second largest sportsbook in the United States, only behind FanDuel. They have one of the best VIP programs available and are a must-have sportsbook for all matched bettors. In addition to the VIP program they regularly offer promotions to all of their customers.

Where is DraftKings sportsbook legal? It is currently available in the following 19 states: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Ontario, Pennsylvania, Tennessee, Virginia, and West Virginia.

If you have a starting bankroll over $6,000 they should be one of the first sportsbooks you signup as outlined in our state/province guides. If you are starting with a smaller bankroll completing the smaller signup offers from other sportsbooks is recommended to before signing up for DraftKings. This allows you to build your bankroll and maximize the DraftKings deposit match. Then once you signup for DraftKings you can proceed to the larger available offer that are above the ~$500 profit range. This strategy is also outlined in our state/province guides.

Notes Before Signing Up

There are a few things to note before signing up for DraftKings.

  • Make sure you signup for DraftKings Sportsbooks, not the daily fantasy. They are separate accounts and do not share funds.
  • When making your first deposit, change the deposit amount before selecting the deposit method. Only the first deposit is tied to the deposit offer and it defaults to a lower amount, $200. $5,000 is required to maximize the offer.
  • DraftKings is one of the easiest sportsbooks to become a VIP. Reaching out to DraftKings first and ask what they can do for a $10,000 or larger deposit often results in an extra deposit match and entrance into the VIP program.

Unique Terminology

  • DK Dollars = Site Credit
  • Crowns = DraftKings Rewards Program

Signup Offers

$5,000 Second Chance Bet

$5,000 Second Chance Bet Refunded as a Bonus Bet

Amount: $5,000
Type: Second Chance Bet Refunded as a Bonus Bet
Bet Finder: Second Chance Bet
Deposit: $5,000
Minimum Hedge: $7,500
Expected Value: $2,500
Available in: North Carolina

$1,000 Deposit Match

20% Deposit Match in Site Credit up to $1,000 on a $5,000 deposit

Amount: $1,000
Type: Deposit Match in Site Credit
Bet Finder: Site Credit
Deposit: $5,000
Minimum Hedge: See notes
Expected Value: $1,000
Available in: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, Wyoming

Bet $5 & Get $200

Bet $5 & Get $200 in Bonus Bets

Amount: $200
Type: Bet & Get Bonus Bet
Bet Finder: Qualifying Bet
Deposit: $5
Minimum Hedge: $300
Expected Value: $140
Available in: North Carolina

Bet $5 & Get $150

Bet $5 & Get $150 in Bonus Bets

Amount: $150
Type: Bet & Get Bonus Bet
Bet Finder: Qualifying Bet
Deposit: $5
Minimum Hedge: $225
Expected Value: $105
Available in: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, Wyoming
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Repeating The Sign-up Offers

Sign-up offers are some of the most profitable promotions available in matched betting. Some sportsbooks will allow you to repeat them in each state increasing your profits. You can learn more about repeating the sign-up offers in multiple states in our guide.

  • Separate account per state: No
  • Can you repeat the signup offer in each state: No
  • Can you do the Refer A Friend (RAF) offer and the sign-up offer: Unknown

VIP/Rewards Program

DraftKings is one of the easiest sportsbooks to become a VIP on. Often an email to DraftKings asking what offers are available for a $10,000 deposit or more will get their attention. This often results in a 20%+ first-time deposit match and an introductory VIP showcase. The VIP Showcase is three weeks of VIP offers. They are typically released on Thursday afternoons and go through the weekend. Typical offers include two different "Bet and Gets" and a "Loss Back". Here are some examples

  • Bet and Get: Every $1,000 you bet, you get $100 in Bonus Bets.
  • Bet and Get: Bet $2,500 and get a 100% profit boost on a $250 bet.
  • Loss Back: Get 15% of your losses up to $1,000 back.

All three of these offers are profitable and just the beginning of a great VIP program that DraftKings has to offer. Even if you do not reach out to DraftKings asking to be part of the VIP program you can still be invited based on your weekly bet amount, or handle as it is commonly referred to. They want at least $5,000 a week but have multiple tiers of VIP up to $25,000 a week in handle. The higher the tier you are the better the rewards. In addition to the VIP program they also have crowns. Crowns are accumulated based on handle. You accumulate 1 crown for every $2 wagered on straight and futures bets, and 1 crown for every $1 wagered on parlays and same game parlays. Crowns can be redeemed in the DK marketplace for a variety of items and even DK Dollars (Site Credit).

Example Promotion

DraftKings has a wide variety of promotions that range from Profit Boosts, Qualifying Bets, Deposit Matches, and more. Below is an example of a Profit Boost on an NBA game. They have an organized promotions tab that makes them easy to find. Opt-in is often required to qualify for the promotion.

Profit Boost

Here is a 50% Profit Boost on an NBA game with a max bet and max additional winnings. Through matched betting, you can mathematically guarantee profit by hedging your bet.

Screenshot of a DraftKings Profit Boost.

Profit Boost Bet Finder

You can use the Profit Boost Bet Finder on DarkHorse Odds to guarantee a profit of over $15. In addition to the Profit Boost Bet Finder DarkHorse Odds has all the tools needed to convert a wide variety of sportsbook promotions such as Bonus Bets, Second Chance Bets, Site Credit, and more. You can learn more about matched betting in our guides.

Screenshot of the Profit Boost Bet Finder on DarkHorse Odds a DrafKings Profit Boost.

MLB House Rules

Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.

Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.

For MLB it is also important to understand what defines Action.

Money line

Will The Odds Change: No


Run / Total / Alt Lines

Action: Yes

Will The Odds Change: No


Player Props

Pitcher Prop action: Must Start

Batter Prop action: Start And Plate Appearance

Deposit & Withdraw Methods

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