Joining the world of online sports betting can bring you more than just a winning bet. Texas sports betting bonuses are offered from initial sign-up promos to ongoing bonuses for experienced bettors. Learn what kinds of bonuses Texas offers and how to qualify for them.
How can you receive a TX betting bonus?
To receive a Texas sports betting bonus, you’ll first have to create an account with a registered TX sportsbook. Here, we’ll get you acquainted with the types of bonuses you might encounter while betting. Then, once you’re aware of the options, we’ll highlight the top Texas sportsbooks for the best bonuses.
You’ll soon know all about the top bonuses offered by online sportsbooks, including risk-free bets, free bets, and no deposit bonuses. We’ll also get into the definitions of matched deposits and turnover requirements. If you’re still stumped, be sure to read out FAQs at the end to tie it all together.
Bonuses available for TX sports betting
Risk-free bet bonus
The first type of bet you’ll see when using sportsbooks in Texas are risk-free bets. These are often used as promos to lure in new bettors and accounts. Unfortunately, these bonuses are very rarely offered to existing users on a betting platform.
Individual sportsbooks determine the caps of their risk-free bets. Let’s say that your sportsbook is offering a $1,000 risk-free bet bonus for signing up for a new account. So you create a new account and have access to this promo.
For risk-free bets, you will have to deposit your own money into the account, although you are technically protected from losing it in your first bet.
In our example, you can bet any amount up to $1,000. If you win your bet, the winnings are simply added to your balance. If you lose your bet, the sportsbook pays the loss, so you do not lose any of your deposited money.
You cannot split risk-free bet offers into smaller bets. You only get one bet to place, risk-free. If you only wanted to bet $100, for example, you would be protected from losing the $100 on your first placed bet, but moving forward, all of your bets would have normal odds, losses, and gains.
Another caveat is that some sportsbooks require you to bet your initial deposit before being allowed to withdraw it. For example, let’s say you deposit $1,000, make a risk-free bet of $1,000, and lose. You still have your original $1,000 sitting in the account, but your sportsbook may require you to make a second bet with your $1,000 before allowing you to withdraw it again.
Free bet bonuses
Free bets are what they sound like – bets you can make for free. Typically, Texas sports betting sites will offer you a free bet in a determined amount of money. These can be given as sign-up offers, bonuses for bettors in certain states, or even as prizes for weekly competitions within a sportsbook community.
Let’s say your sportsbook gives you $200 in free bets. Those $200 are to be used for betting on their platform and for that purpose only. You cannot withdraw the $200 to use as cash.
Free bets are typically used as a whole and cannot be divided into smaller wagers. For example, if you bet your $200 free bet and win $100, you’ll be credited the $100 only. The original stake – the free bet – will not be returned to you. If you lose the bet, you do not receive anything, as you would with any losing wager.
Some sportsbooks may also offer “cash bonuses”, which are similar to free bets with one exception; you do receive the staked amount as a return into your account.
No deposit bonus
No deposit bonuses are another type of risk-free promotion. Unlike the original risk-free bet, you do not have to deposit your own cash to take advantage of this bonus.
Typically offered for new accounts, no deposit bonuses are similar to free bets. Instead, you create a new account and have a predetermined amount of money given to you to bet with.
You cannot take it out as cash and must use it all on one wager. If you win, the payout is yours, minus what you staked. If you lose, you’ve lost the sportsbook’s money and not a cent of your own.
Deposit bonuses may seem too good to be true for new users, but that’s exactly their point. They are an enticing way to gain new bettors for a sportsbook.
Sometimes you will see no deposit bonuses offered after your initial sign-up. Take advantage of these any time you see them, as they truly avoid risk and are a way of winning cash without staking your own.
Deposit bonuses require the bettor to put their cash into their sportsbook account. Typically, the bonus depends on how much you choose to deposit. Occasionally you’ll see this bonus offered for ongoing users, but it’s typically used to convince bettors to initiate their first deposit.
Most sportsbooks offer a deposit bonus from 0-100% up to a maximum amount. This means they will match a certain percentage of your first deposit into your account, up to a capped maximum amount.
Let’s say the sportsbook has an 80% deposit bonus for up to $100. This means that if you deposit $100, the sportsbook will give you an additional $80. So you now have $180 in your account to start betting with.
Deposit bonuses, like most free things, always come with fine print. You will most likely have to wager the bonus before withdrawing any cash. You may even have to wager the entire balance. This is done to protect the sportsbooks; if not, everyone would cash out their bonuses and leave the sportsbooks high and dry… and broke.
Another form of deposit bonuses is matched deposits. Instead of limiting the percentage of deposit bonuses they give you, the sportsbook will directly match your entire bonus up to a predetermined amount.
You will typically see this promo listed as: “100% matched deposit up to $__.” Let’s use a simple example.
A sportsbook’s bonus states they will match 100% of your deposit up to $200. So if you choose to deposit $200, they will add another $200, giving you a $400 balance to wager with. This means that the sportsbook will effectively double the amount you intended to start with.
With that same example, you would not get matched deposits on anything past the $200. So, for example, if you deposited $300 instead, you would still receive the $200 bonus, totaling $500 in your account.
Similarly, you would not get more than what you deposited, either. For example, if you deposited $100, the sportsbook would only give you an additional $100, leaving you with a total of $200.
Just as with deposit bonuses, make sure to read the fine print to know the details of how and when you can use that free cash.
Turnover requirements, also called rollover requirements, are part of the fine print you may accidentally ignore when agreeing to terms and conditions. They’re an important factor in determining how great – or not – a bonus is.
Turnover requirements are the number of wagers you must place before taking money out of your balance. Withdrawals cannot always be made immediately after using a sportsbook bonus.
Turnover requirements typically affect sign-up bonuses, including free bets and reloaded free bet bonuses. Sometimes these requirements even apply to your deposited cash.
One example of a turnover requirement would be 5x. This means that you must bet your credit at least five times through five separate bets before you can make a withdrawal.
Sportsbooks with the best bonuses in Texas
With so many offers, bonuses, and promos out there, it’s hard to know which one to choose. The first thing to consider is the validity and stability of the sportsbook that’s offering the bonuses. After confirming that they are licensed and regulated Texas mobile betting apps, you can compare their sign-up bonuses and ongoing promos to choose the one that’s best for you.
We’ve included our top picks for sportsbooks with the best bonuses in Texas below to simplify the process.
FanDuel is currently welcoming new accounts with a risk-free bet of up to $1,000. This means your initial deposit of up to $1,000 is eligible for rebate should you wager on it and lose. As we described with risk-free bets, this return only occurs if you lose your bet.
FanDuel includes all of the standard betting markets, as well as fantasy sports betting.
Caesars promo code
Backed by one of the most famous names in betting worldwide, Caesars sportsbook knows how to attract new bettors. They are currently offering a $5,000 risk-free bet for new users. This is one of the largest risk-free bets we have seen offered across Texas sports betting bonuses. Caesars also has one of the largest selections of sports and markets to bet on.
BetMGM is a reputable brand offering a user-friendly interface for online sports betting. They also offer live-streaming of any game to their users throughout the year. In addition, they are currently offering a similar welcome bonus as FanDuel, with a risk-free bet of up to $1,000.
At DraftKings, we can find a 20% deposit match up to $1,000 for new users. As a plus, any deposit of $5,000 or more unlocks the entire $1,000 bonus. In addition, new members can also receive a $50 free bet for making any deposit of $5 or more.
While the welcome offer may not be as enticing as others, DraftKings keeps the bonuses coming for ongoing users. In addition, their daily and weekly competitions offer ongoing big bonus opportunities.
Requirements for Texas sports betting bonuses
To redeem a betting bonus on a Texas sportsbook, you’ll need to check off a few boxes.
First, you must meet the age requirements set forth by the licensed sportsbook proven through a government-issued ID.
Second, you’ll need to create an account on the sportsbook you select. Once your account is created, you may need to input your withdrawal/deposit method information.
Third, some sportsbooks may require a code to receive your bonus. This will usually be found in the article you read stating the sportsbook’s offer. Some articles receive payment for directing readers towards a sportsbook, but this does not affect your bonus.
Finally, keep in mind that you can take advantage of multiple bonuses and utilize more than one sportsbook account in Texas. This may give you more flexibility in sports betting as well as a more diversified betting portfolio.
Texas sports betting bonuses FAQ
What do I need to get sports betting bonuses in TX?
First, choose which sportsbook and bonus you want to sign up for. We recommend one of our listed sportsbooks, as they meet state guidelines. If you’re of legal betting age and have the means to deposit and withdraw, you then create your account. Your sportsbook bonus will be automatically applied to your account, or you will be asked to input a bonus code previously shared with you.
What kind of sports betting bonuses are offered in Texas?
The most common bonuses you’ll see in sports betting in Texas include risk-free bets, free bets, no deposit bonuses, deposit bonuses, and matched deposits. Some sportsbooks may have separate bonuses for ongoing users as well.
Which Texas sportsbooks offer betting bonuses?
Most Texas sportsbooks offer betting bonuses. After considering both their bonuses and their reliability for new users, we recommend FanDuel, DraftKings, BetMGM, and Caesars sportsbooks for new and old users alike. Each has its own sign-on bonus.
Which sports betting bonuses are the best in Texas?
Our guide favors no deposit bonuses. These are typically the ones with the lowest risk and turnover requirements to win free cash. In addition, you don’t need to deposit any of your own money into your account, which means you won’t risk a penny using them.
Can I take advantage of multiple bonuses at once in Texas?
Yes, you can utilize as many bonuses and sportsbooks as you’re comfortable with. You cannot create multiple accounts on the same sportsbook, however. But, so long as you limit yourself to one account per sportsbook, you can cash in on multiple bonuses.