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Sportsbook Sign-up Offers

Level: Beginner
Updated: Feb 21, 2024
2 min read

Key Takeaways

Here is a list of the common types of sign-up offers. See your State’s guide for more details.

Second Chance Bet

  • Overview: Wagering cash from your bankroll, but if it loses you get a refund of either Site Credit or a Bonus Bet.
  • Notes: This is the most common sign-up offer and it is often automatically applied to your first bet. Second Chance Bets refunded as Site Credit are worth more than those refunded as a Bonus Bet. Use the Second Chance Bet Finder to convert this promotion.
  • Examples: FanDuel $1,000 Second Chance Bet refunded as Site Credit.

Deposit Match

  • Overview: Receive Site Credit or a Bonus Bet based on your first deposit.
  • Notes: Most deposit matches are Site Credit. Playthrough requirements (rollover) and minimum odds vary across each sportsbook–see the Site Credit Bet Finder guide for more details. Use the Site Credit or Bonus Bet Finder to convert this promotion.
  • Examples: BetRivers $250 Site Credit deposit match.

Bet Match

  • Overview: Receive Site Credit or a Bonus Bet based on your first wager, win or lose.
  • Notes: Unlike a Second Chance Bet you receive the Bonus Bet/Site Credit even if you win. Use the Qualifying Bet Finder.
  • Examples: FireKeepers $500 Bet Match.

Qualifying Bet

  • Overview: A variation of bet X get Y.
  • Notes: Significant variation across each sportsbook. Most often only your first wager qualifies, and it would count as your Second Chance Bet if one is offered. Nearly every time the Second Chance Bet is worth more.
  • Examples: FanDuel Bet $5 win $150 on an NFL game. Do NOT do this if FanDuel is offering a $1,000 Second Chance Bet, since the Second Chance Bet is worth more.
  • Examples: DraftKings bet $5 and get a $280 Bonus Bet on an NFL money line. DraftKings usually does not have a sign-up offer tied to your first bet, which means you wouldn’t need to worry about the bet $5 offer interfering with another first-bet-only promotion.
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