We have reviewed the best Indiana sportsbook promos available from legal and licensed sports betting sites in the state. Below, Jason Radowitz discusses how the bonus offers work in Indiana.
Indiana has become one of the hubs for sports betting in the United States. While they’re not New Jersey or Pennsylvania, Indiana has one of the highest handles in America — thanks in part to the many different sportsbooks that are available when customers are ready to bet.
Due to competition for loyal customers in Indiana, these sportsbooks give promos to new and existing customers so those users continue to bet on their platform.
Are Indiana Sportsbook Promos Worth It?
Indiana has several bonuses that are all worth it if you’re looking to guarantee money or just want to try to build up your bankroll. All of the legal sportsbooks in the state are licensed and regulated. This means you can be confident and comfortable wagering on these platforms.
Most sites in Indiana offer something in the ballpark of $500 in risk-free bets. Basically, if you wager $500 on a single bet and it loses, the sportsbooks will give you site credit for the value of the entire previous wager.
We will get into how to use promos for the best result, but understand that if you’re not signed up to a sportsbook giving out bonuses, you need to consider opening up an account. This way, you can reap the benefits of each and every promo and quickly build your bankroll.
Best IN Sports Betting Sites With Signup Bonuses
There are plenty of exciting sportsbooks in Indiana, but here are the top five sites with the best welcome bonuses in the state.
Currently, DraftKings offers a first deposit bonus of 20% up to $1,000 for new users.
This is one of the more popular sites that allows you to wager a larger amount of money compared to the rest of the books without getting limited.
Once the welcome bonus is over, don’t worry. The site will give additional odds boosts and occasional promotions to their existing customers. They give their users the best experience in comparison to the rest.
FanDuel is also one of the more popular sportsbooks in the industry. They’re giving new users up to a lucrative Bet and Get offer that provides bet credits just for placing a wager.
Just like DraftKings, FanDuel gives plenty of promotions after the welcome bonus is over. They are the originators of the same game parlay, where you can combine several correlated outcomes for a chance at a higher payout.
The app is among the best in the industry and really optimizes the user experience.
Caesars Sportsbook took over for William Hill and made an absolute splash. They’re giving a risk-free bet up to $1,500 for their new customers.
Not everybody has $1,500 to use to earn the full benefits of the promotion, but any money you do have laying around is perfect for this Caesars promo. You can simply place a wager on a (+100) bet of $5,000 and potentially double your money if your wager wins.
However, even if your bet loses, Caesars will return up to $1,500 in site credit as a free bet. If you win the second time you place your wager, you’ll end up with no money lost and can continue to play with withdrawable money.
The site also has plenty of other promotions and odds boost for existing customers once the risk-free promotion expires.
BetMGM is giving new customers a $1,000 risk-free bet as a way of standing out, and it works. Additionally, the odds at BetMGM are extremely competitive. You won’t have to worry about paying any inflated prices here.
The platform is easy to navigate due to its organized layout. It’s also helpful that it has a search bar function, allowing you to find your preferred wager efficiently.
You’ll also find an expansive live-betting platform here with live-streaming on selected events. This is fun because you can sweat your bet in real time.
PointsBet offers two risk-free bets up to $2,000, although there is a slight catch to this. You will get a risk-free $1,000 to wager on a normal bet, plus a risk-free $1,000 wager on a points-bet, which is a new way of betting that only PointsBet has on their platform.
Either way, if you use the bonuses in the right way, you will earn plenty of free money and build your bankroll up bigger than it was before.
IN Sportsbook Promo Code vs Bonus Code
A promo code and bonus code are interchangeable and essentially the same exact thing. If a site asks for a promo code or a bonus code, they’re asking for the same exact code. Each site has their own terminology that they like to use.
Do You Need An Indiana Promo Code?
Many times, all you have to do is click a link for your promo code and the link acts as the bonus code. You will rarely need a code for most of the promos that the Indiana apps give out. When you make an account and deposit money, most sites automatically have your account claim the promotion.
Before making an account, please make sure to read the rules and regulations per site and re-read the promotion page so you understand completely what needs to be done so you can benefit from the Indiana sportsbook promos.
Best Indiana Sports Betting Promos
There are nearly a dozen legal online sportsbooks in Indiana, all of which have welcome bonuses for their new customers. However, not all welcome bonuses are equal.
Here’s a breakdown of each type of welcome bonus and what they mean.
IN Sports Betting No-Deposit Bonus
A no-deposit bonus is an Indiana sports betting promo that gives out free site credit before you even have to deposit money.
To receive a no-deposit bonus, Indiana sportsbooks ask that you create an account. Once an account is created, these sites will add money into your account, giving you the chance to build your bankroll before even having to hook up your bank.
IN Sports Betting Deposit Match
Many sites will issue a betting deposit match in Indiana, including BetRivers and DraftKings, to name a few. A deposit match is when the sportsbook matches your deposit and adds extra site credit into your account.
For example, BetRivers offers a 100% deposit bonus of up to $250. If you were to deposit $250, BetRivers will automatically add $250 in site credit to your account, allowing you to play with double the money that you added into your account. This money is received before you even have to wager on a game.
This is the most common promotion in Indiana and it’s run by popular sportsbooks like FanDuel, BetMGM, Caesars and Unibet.
These sportsbooks ask that you deposit and place a wager before earning anything free. However, your first wager is a risk-free wager, meaning if you were to lose your first bet of up to $1,000, you would receive a full refund of site credit to try again.
Caesars gives users a risk-free bet of $1,500 to new users, but the common number in Indiana is anywhere from $500-$1,000.
Note that if you win your first wager, you win your earnings and do not get a free-bet. You only get a free bet when your first wager loses. This type of risk-free bet is viewed as insurance in case you lose.
Bet & Get
A Bet & Get promotion is not very common in Indiana, but the promotion is still simple. Some sportsbooks will require you to bet $20 to get a free $100 in risk-free bets, for example. Once you bet a little bit of money on the sportsbook, it will give some site credit to help you build your bankroll.
How To Pick the Best IN Sportsbook Promos
There are so many promos in Indiana, it can be hard to know which site to start with. It’s all about preference and the kind of bettor you are. Here are different criteria to look at before choosing a sportsbook.
Type of Bonus
If you’re looking to find the promotion with the most money that can be earned, you would choose Caesars. They’re currently giving customers a $1,500 risk-free bet, which is among the best in the industry.
If you’re not one to wager a whole lot and just want to earn promotional money and move on, any site with a risk-free bet along with a one-time rollover is for you. If you win, you’ve won money and don’t need to worry about anything else.
However, if you lose, you’ll only be required to wager that bonus money once until you’re able to withdraw your money as cash.
Most sites restrict users to (-200) or greater odds for their promotions. If you’re looking to wager on a (-300) bet, you will need to check the odds restrictions on each site before placing that type of wager.
You will want to find a site that gives out match deposits instead of risk-free bets.
How To Use Indiana Sportsbook Bonuses
It’s always crucial to have more than one sportsbook, especially with so many being offered in Indiana. Some sites have better lines, while others have better odds boosts and promotions.
Each site has its benefits and weaknesses, but if you’re able to use each book to its strength, you’ll find yourself ahead and profitable in the long run.
Do IN Sports Betting Bonuses Have Restrictions or Limitations?
Some Indiana sports betting bonuses have restrictions and limitations. These restrictions aren’t severe, but many sites will only allow you to bet (-200) or better odds with risk-free money.
By doing this, sportsbooks make sure that you’re not profiting off that $250 risk-free bet off a (-4000) favorite that will win 99.9% of the time.
Also, when you’re given your free bet or deposit match, most Indiana sportsbooks will require you to use that bonus money within about seven days of receiving the money. Some are more and some are less.
Please be aware of your restrictions and limitations on each book as soon as you’re given site credit or a free bet on the site.
What Are Wagering Requirements?
As stated above, wagering requirements are set in place so you can’t profit off big favorites and earn the money completely free on a bet that is almost certain to hit.
These sites will usually require customers to wager on (-200), (-150), (+100) or greater odds when using a risk-free bet. You will also have to get your wager in before you lose your chance with the free money. The free money doesn’t last forever!
Free Bets vs IN No-Deposit Bonuses
No-deposit bonuses are strictly for new customers who are signing up. The no-deposit bonus is given as a welcome and helps new users understand how to place a wager and navigate the site.
Meanwhile, free bets are given out to existing customers who join other types of promotions and/or wager real money on a site for the first time.
The no-deposit bonus is not withdrawable until played at least one time through. On the other hand, if you win a free-bet, you will only earn the profit off the free bet and not the free bet itself.
For example, if you wager $10 on a (+100) bet with cash, you would earn $20. But if you bet a $10 free bet on a (+100) bet, you would only earn $10.
Look for More Than One Indiana Sportsbook Promo
It’s important to have multiple sportsbooks so you can find the best odds and shop around. Shopping around seems silly on a given day, but it all adds up when you wager on the best available line each day for the next year. You will profit way more by doing this.
Each site has pros and cons, but if you use each book for their pros, you will have a much better experience with sports betting and most of all, you’ll be a profitable sports bettor with a deep bankroll.
You’ll also be able to enjoy multiple welcome bonuses from several sites. Take advantage of a risk-free bet at once site while getting a deposit bonus at another one.