Before You Start
- Read our Getting Started guides.
- Limits are the worst thing that can happen to you as a Matched Bettor. Understand what limits are and how to avoid them by reading our Don't Get Limited guide.
- Ensure you understand what promotions can and cannot be stacked. For example you do not want to put two Risk Free Bets against each other. Read our Stacking Promotions Guides.
- Signup offers do vary by state and change periodically. Always double check the terms and conditions of each offer. Common criteria include:
a. Minimum deposit amount
b. Minimum odds
c. Required timeline from when your account was opened
d. Promo code required or not
e. Maximum value - Don't stop after the sign-up offers. Sportsbooks have recurring promotions that can easily be worth over several hundred dollars a month, or even more if you reach VIP status.
Still Have Questions
- Read all of our guides.
- Join our Discord.
- Email us at support@darkhorseodds.com.
Want Additional Help
DarkHorse Odds has partnered with The Book Investing. They offer personalized one-on-one consultation to help you profit from matched betting. They are familiar with the best strategies available to increase profits and longevity.
For New Users to The Book Investing, they offer a free walkthrough on your first matched bet.
Intro
Depending on your starting bankroll the approach you take to complete all the sign-up offers changes. This guide contains two methods, one for bankrolls over $6,000 (large) and one for under $6,000 (standard). Selecting your starting bankroll size below adjusts the recommended order for completing the sign-up offers and helps optimize your profit.
Standard bankrolls: Start with the smaller sign-up offers to build your bankroll. Then move to DraftKings followed by the larger sign-up offers.
Large Bankrolls: Start with DraftKings and maximize the 20% deposit match. Then use DraftKings to hedge other signup offers. This will often results in their VIP team contacting you which leads to larger and more profitable offers. If you have a bankroll over $10,000 consider immediately going after VIP status. Read our guide on Becoming a VIP.
The introductory bonuses provided below are just the beginning. Each sportsbook offers regular promotions that could potentially amount to several hundred dollars per month, and if you attain VIP status, the benefits could be even greater.
Available Offers
Select your starting bankroll size. This adjusts the recommended order to complete the sign-up offers.
Step
Book
Sportsbook
Promotion
Value
Wynn
$100 Bet Match in Free Bets
$70
FB
$50 Risk Free Bet refunded as a Free Bet
$25
SI
Bet $20 get $200 in Free Bets
$140
EL
$100 Bet Match as a Free bet
$70
PU
$100 Bet Match as a Free Bet
$70
b365
Bet $1 and Get $200 in Free Bets
$140
PM
N/A
N/A
SB
$250 Bet Match as a Bonus Voucher
$175
TIP
$250 Deposit Match in Site Credit
$250
BW
$250 Risk Free Bet refunded as a Free Bet
$175
BF
Bet $50 get $111 in Free Bets
$80
BF
50% Loss Back up to $200 per week for 5 weeks
$500
BR
$500 Risk Free Bet refunded as a Free Bet
$250
PB
$500 Risk Free Bet refunded as a Free Bet
$250
DK
20% Deposit Match in Site Credit up to $1,000 on a $5,000 deposit.
$1,000
DK #2
Varies Bet $X win $XXX
$75
FD
$1,000 Risk Free Bet refunded as a Free Bet
$500
BS
$1,000 Risk Free Bet refunded as Site Credit
$700
CZR
$1,250 Risk Free Bet refunded as a Free Bet
$675
MGM
$1,000 Risk Free Bet refunded as a Free Bet
$500
MGM #2
$500 Deposit Match in Site Credit
$500
Circa
N/A
N/A
BB
N/A
N/A
Wynn
- Amount:
$100
- Type:
Bet Match in Free Bets
- Bet Finder:
Qualifying Bet
- Deposit Required:
$100
- Minimum Hedge:
$150
- Expected Value:
$70
- Notes:
None.
FoxBet
- Amount:
$50
- Type:
Risk Free Bet refunded as a Free Bet
- Bet Finder:
Risk Free Bet
- Deposit Required:
$50
- Minimum Hedge:
$75
- Expected Value:
$25
- Notes:
You must opt-in and place the bet within 7 days of creating your account.
Sports Illustrated
- Amount:
$200
- Type:
Bet $20 get $200 in Free Bets
- Bet Finder:
Qualifying Bet
- Deposit Required:
$20
- Minimum Hedge:
$350
- Expected Value:
$140
- Notes:
Promo code required. Bet $20 at minimum odds +120 and get a $200 Free Bet if your first bet wins.
Elite
- Amount:
$100
- Type:
Bet Match as a Free bet
- Bet Finder:
Qualifying Bet
- Deposit Required:
$100
- Minimum Hedge:
$150
- Expected Value:
$70
- Notes:
None.
PlayUp
- Amount:
$100
- Type:
Bet Match as a Free Bet
- Bet Finder:
Qualifying Bet
- Deposit Required:
$100
- Minimum Hedge:
$100
- Expected Value:
$70
- Notes:
Can be multiple bets. Minimum odds -500. Promo code required.
bet365
- Amount:
$200
- Type:
Bet $1 and Get $200
- Bet Finder:
Qualifying Bet Finder
- Deposit Required:
$10
- Minimum Hedge:
$300
- Expected Value:
$140
- Notes:
None
Play Maverick
- Amount:
N/A
- Type:
N/A
- Bet Finder:
N/A
- Deposit Required:
N/A
- Minimum Hedge:
N/A
- Expected Value:
N/A
- Notes:
None.
SuperBook
- Amount:
$250
- Type:
Bet Match as a Bonus Voucher
- Bet Finder:
Qualifying Bet
- Deposit Required:
$250
- Minimum Hedge:
$375
- Expected Value:
$175
- Notes:
Only for the first wager and it has to be on the date of account enrollment. Minimum odds -200. Bonus Voucher applied at 25%.
Tipico
- Amount:
$250
- Type:
Deposit Match in Site Credit
- Bet Finder:
Site Credit
- Deposit Required:
$250
- Minimum Hedge:
$250
- Expected Value:
$250
- Notes:
Two times rollover required. Tipico also has a $350 Risk Free Bet Refunded as Site Credit which is also worth ~$250.
Bet Way
- Amount:
$250
- Type:
Risk Free Bet refunded as a Free Bet
- Bet Finder:
Risk Free Bet
- Deposit Required:
$250
- Minimum Hedge:
$375
- Expected Value:
$175
- Notes:
None.
Bet Fred
- Amount:
$111
- Type:
Bet Match as a Free Bet
- Bet Finder:
Qualifying Bet
- Deposit Required:
$50
- Minimum Hedge:
$175
- Expected Value:
$80
- Notes:
Double check the Terms and Conditions. The signup offer normally only applies to residents from that state, unlike most other books.
Bet Fred
- Amount:
$1,000
- Type:
Loss Back
- Bet Finder:
Qualifying Bet
- Deposit Required:
Varies
- Minimum Hedge:
$200 per week
- Expected Value:
$500
- Notes:
A 50% loss back up to $200 each of the first 5 weeks. Loss back promotions are easiest to maximize profit when sticking a single bet. For this promotion you can either do a single bet on BetFred each week to maximize the promotion or you can tally your net profit before the end of the week and place a qualifying bet if needed. Loss Back Promotions require extra care and attention to convert. Read this guide for more information. Reach out with any questions.
Bet Rivers
- Amount:
$500
- Type:
Risk Free Bet refunded as a Free Bet
- Bet Finder:
Risk Free Bet
- Deposit Required:
$500
- Minimum Hedge:
$750
- Expected Value:
$250
- Notes:
Promo code required upon signup.
PointsBet
- Amount:
$500
- Type:
Risk Free Bet refunded as a Free Bet
- Bet Finder:
Risk Free Bet
- Deposit Required:
$500
- Minimum Hedge:
$750
- Expected Value:
$250
- Notes:
5 consecutive days of $100 Risk Free Bets. May be able to find a better offer via promo code.
DraftKings
- Amount:
$1,000
- Type:
20% Deposit Match in Site Credit ($5,000 deposit)
- Bet Finder:
N/A
- Deposit Required:
$5,000
- Minimum Hedge:
N/A
- Expected Value:
$1,000
- Notes:
DK calls Site Credit DK Dollars. They are a 1x playthrough, but the initial deposit match is released at 25x. Meaning, for every $25 bet $1 of Site Credit is added to your account and automatically applied to your next bet. Minimum odds -300 and 90 days to meet the playthrough requirement. Be sure to use the sportsbook app/webpage. It is easy to accidentally use the casino or daily fantasy app/webpage. When making your first deposit, edit the deposit amount to $5,000 before linking the deposit method. This offer can be used to hedge other signup offers.
DraftKings
- Amount:
Varies
- Type:
Bet $X win $XXX
- Bet Finder:
Qualifying Bet
- Deposit Required:
$10
- Minimum Hedge:
$25
- Expected Value:
$75
- Notes:
DraftKings often has a rolling second signup offer that is a variation of bet $5 on the MLB and if you bet wins get $200 in Free Bets. Completing this offer does not impact the deposit match. Listed values varies based on exact promotion offered.
FanDuel
- Amount:
$1,000
- Type:
Risk Free Bet refunded as a Free Bet
- Bet Finder:
Risk Free Bet
- Deposit Required:
$1,000
- Minimum Hedge:
$1,500
- Expected Value:
$500
- Notes:
None.
Barstool
- Amount:
$1,000
- Type:
Risk Free Bet refunded as Site Credit
- Bet Finder:
Risk Free Bet
- Deposit Required:
$1,000
- Minimum Hedge:
$1,500
- Expected Value:
$700
- Notes:
Promotion lists both Site Credit and Free Bet as the refund. It is Site Credit. Site Credit T&C for playthrough is worded poorly. Bet the entire amount of Site Credit you have in one or multiple bets. Once you bet the last dollar of Site Credit it will all coconvert to cash.
Caesars
- Amount:
$1,250
- Type:
Risk Free Bet refunded as a Free Bet
- Bet Finder:
Risk Free Bet
- Deposit Required:
$1,250
- Minimum Hedge:
$1,875
- Expected Value:
$675
- Notes:
Promo code required.
betMGM
- Amount:
$1,000
- Type:
Risk Free Bet refunded as a Free Bet
- Bet Finder:
Risk Free Bet
- Deposit Required:
$1,000
- Minimum Hedge:
$1,500
- Expected Value:
$500
- Notes:
If MGM loses the refund will be split into 5 $200 Free Bets.
betMGM
- Amount:
$500
- Type:
Deposit Match in Site Credit
- Bet Finder:
Site Credit
- Deposit Required:
$500
- Minimum Hedge:
$300
- Expected Value:
$500
- Notes:
Open your account and do not deposit for several days. You will likely get a $500 deposit match. Some are able to combine this with the $1,000 Risk Free Bet. Others were not able. To be safe you can wait for the deposit match, make a $1,000 deposit removing the promotional code, place the $1,000 Risk Free Bet, then make a second deposit for the $500 match.
Circa
- Amount:
N/A
- Type:
N/A
- Bet Finder:
N/A
- Deposit Required:
N/A
- Minimum Hedge:
N/A
- Expected Value:
N/A
- Notes:
Circa does not have promotions, but has clearly advertised maximum wager amounts (limits). They also claim to not limit individual bettors.
Bally Bet
- Amount:
N/A
- Type:
N/A
- Bet Finder:
N/A
- Deposit Required:
N/A
- Minimum Hedge:
N/A
- Expected Value:
N/A
- Notes:
N/A