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Michigan was one of the first states to legalize sports betting in the United States and has more than 10 different online sportsbooks where you can place a wager. Due to the competition between sportsbooks, these sites in Michigan provide different types of promotions to real you in.
It’s important to understand each site’s promotions before making an account or depositing money. You won’t want to miss out on all these opportunities to have a chance to use risk-free money.
Are Michigan Sportsbook Promos Worth It?
Michigan offers many different promos that are worth trying. These will build your bankroll and guarantee a profit. Every single sportsbook in Michigan is licensed and regulated by the state, so you can wager with full confidence.
We’ll run down the best promos in the state in a little bit. But for the most part, these sites in Michigan are giving around $500 as a risk-free wager. In short, you can wager $500 on a certain bet, and if it loses, you’d get a 100% refund as site credit to try a different wager.
We will talk about the best ways to guarantee money and the best ways to use these promotions so that you’re profitable and building your bankroll.
Best MI Sports Betting Sites With Signup Bonuses
There are plenty of exciting sportsbooks in Michigan, but here are the top five sites with the best welcome bonuses in the state.
DraftKings is one of the more notable sites in the industry and allows the highest wager amount compared to all of the Michigan sportsbooks. If you’re a high roller, DraftKings is for you.
If your pockets aren’t as deep, that’s fine as well. They’ll always have different promotions for every crowd. The DraftKings bonus gives you up to a $1,000 first-deposit match.
Just like DraftKings, FanDuel is one of the more notable brands in the industry. For new users, the FanDuel bonus gives out a $1,000 risk-free bet. If your wager loses, you get a refund of up to $1,000.
FanDuel started the Same Game Parlay trend, which has since carried over to just about every other site. Still, they have a great welcome bonus, plenty of promotions for existing users and solid odds and lines to test out your welcome bonus.
There’s no offer like the Caesars bonus, which is providing a risk-free bet up to $5,000 for their new customers. New users who bet on their first game will get a refund if their bet loses up to $5,000. If you wager $2,000 and lose, you’ll receive $2,000 back.
The site also has plenty of other promotions and odds boosts for existing customers once the risk-free promotion expires. This is a site you’re going to want to keep logging into even after the risk-free wager is complete.
The BetMGM bonus offers a $1,000 risk-free bet. Much of the competition, outside of the three mentioned above, provide $500 or less.
The odds at BetMGM are extremely competitive, and you will often find many discrepancies between BetMGM and most of the books in Michigan. Keep your eyes open on the site, even when the risk-free wager is complete.
PointsBet offers two risk-free bets up to $2,000, but this offer isn’t as clear-cut as it sounds. You will get a risk-free $1,000 to wager on a normal bet, along with a risk-free $1,000 wager on a points bet, which is exclusive to this sportsbook.
The opportunity to test out this new type of sports betting without the financial risk is a great offer, and that’s without the additional $1,000 risk-free bet. The PointsBet bonus offer is as good as any.
MI 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 code.
Sometimes each site uses different terminology to explain its bonuses. If a site uses the words “promo code” or “bonus code,” there’s no need to stress over the difference.
Do You Need A Michigan Promo Code?
To unlock a promo code in Michigan, all you have to do is click our link for your betting site of choice. In most cases, you will rarely need a code for most of the promos in Michigan. Instead, all you need to do is click our link, which will direct you to their site to start your sign-up process.
When you sign up and deposit money, the site will already have your account ready to go with the bonus applied to your account. Make sure you understand the site’s promotions and what they’re asking of you!
Best Michigan Sports Betting Promos
In Michigan, there are more than a dozen active legal sportsbooks in the market. Each of these sportsbooks have welcome bonuses for new users, whether that’s a sign-up bonus, deposit match, a risk-free wager or a bet & get promo.
Below, we discuss what each promotion means and why they’re worth it.
MI Sports Betting No-Deposit Bonus
A no-deposit bonus in Michigan is a promo where a site will add a little cash into your account before asking you to deposit money. This is a way for the sportsbook to get you comfortable with the site and app.
To receive a no-deposit bonus, you just need to create an account. Without even entering your payment information, you’ll have money to play with inside your account. However, you will not be able to withdraw this money until it is played.
This promotion isn’t very common in Michigan but a couple of sites will offer this.
MI Sports Betting Deposit Match
A deposit match is when the site matches your first deposit and adds extra site credit into your account. A site will, for example, offer up to a $1,000 deposit match for new users. If your first deposit is $100, you will see $200 in your account before making a wager. If you deposit $500, you will see $1000 in your account and so forth.
It is important to know the site’s bonus before depositing money because if you make a mistake and only deposit $50, you will only earn another $50 of free money instead of making the most of the promo.
In Michigan, you will see this type of promotion most. Listen up! Before receiving anything free, you must deposit cash and wager on your first bet on the site. If that wager ends up losing, you will receive a full refund of your bet in site credit to try again.
If you win your first wager, you win your earnings and do not get a risk-free bet. This is only if your first wager loses. This type of risk-free bet is viewed as insurance in case you lose. If you win, you’re happy with your earnings and if you lose, you get your money back in site credit.
Bet & Get
A Bet & Get promotion is not very common in Michigan, but the promotion is as simple as the ones listed above. A sportsbook might require you to place $20 in bets on the site in return for $100 in site credit.
In this promotion, you would earn $100 regardless if your $20 wager won or lost. As long as you place the wager, you would get the promotional money.
How To Pick the Best MI Sportsbook Promos
Everybody has a preference when looking at sportsbooks. Some want to wager a heavy amount of money, and some just want the welcome bonus. Here are some criteria to figure out which site is best for you in Michigan.
Type of Bonus
If you’re worried about the bonus and only the bonus, this type of criteria matters the most to you.
At Caesars, for example, they’re currently giving customers up to a $5,000 risk-free bet. You won’t find this type of promo anywhere else in Michigan. Therefore, if you don’t know where to start and you’re looking to earn the most at a sportsbook, Caesars would be the book for you.
Some people just want to bet once or twice and move on. They don’t want to have to wager the same money over and over again before it’s able to be withdrawn.
Any site with a risk-free bet would be for you. If your wager wins off the bat, you’ll earn your winnings and that will be the end of the promotion. If it loses, you’ll get your money back and you’ll be able to wager it one last time to earn your money back. After that second time, the money, if won, would be able to be withdrawn.
Many people signing up for sportsbook bonuses think they can just wager on a (-4000) favorite with their deposit bonus and then earn the money back, but that is not necessarily the case.
Most books will require their customers to put money on a (-200) or greater odds. You can’t beat anything more than a -(200). If that’s something you’re looking to try to do, most sites will not allow this. That can be a factor for some when looking to pick a sportsbook to use.
How To Use Michigan Sportsbook Bonuses
There are many ways to use your sportsbook bonus. Here are a couple of ideas for you to build your bankroll.
- For a risk-free bet, use a risk-free calculator and bet the underdog with a 60% or higher conversion. If the underdog loses, do the process again and you will still come out profitable.
- With deposit bonuses, find a bet with a 0% hold or arbitrage bet and wager on those bets with the deposit bonus. This way, you will earn the exact amount of money of your deposit bonus or potentially more.
- Risk it on a positive expected value bet. If you find a bet that is profitable compared to other books, risk your free money or risk-free bet on a line that has major discrepancies in comparison to others.
Do MI Sports Betting Bonuses Have Restrictions or Limitations?
You will find that some Michigan sports betting bonuses have restrictions and limitations. We already talked about sports betting sites that will restrict new users from betting a (-201) or worse odds when given site credit or a risk-free bet.
Another thing with Michigan sportsbooks is that once you receive a refund from a risk-free bet or a deposit match, you will usually have about seven days to wager that money. Once the seven days are up, sportsbooks will take away your opportunity to use the free bets offered.
Make sure to read up on the requirements and get your free bets in before they expire!
What Are Wagering Requirements?
Wagering requirements are rules put in place by a sportsbook to keep users from withdrawing their free bets too early. For example, if a sportsbook offers $25 in free site credit as a signup bonus, these funds will typically need to be wagered once before they can be withdrawn.
Once that $25 has been wagered, bettors are free to withdraw whatever winnings they earned from the credit — but not before then.
Free Bets vs MI No-Deposit Bonuses
A No-deposit bonus is for new customers who are signing up to the sportsbook. It’s basically given as a welcome to make the sports bettor comfortable on the site.
On the other hand, free bets are a promotion for existing customers through other exclusive promotions.
The no-deposit bonus is not withdrawable until played at least one time through. Once a free bet is won, the money is withdrawable, however, you will not receive the amount wagered and will only receive the profit of that wager.
Look for More Than One Michigan Sportsbook Promo
Every site offers unique lines, promotions, and bonuses. Michigan has over a dozen sportsbooks, and all of them offer something different. It’s important to sign up to all of these sportsbooks when you have the capital to do so.
These are heavy bankroll builders, and if used properly, you would make a killing with the amount of money earned. Each month, try to open a new sportsbook and use their promos. Within a year, you’re sure to make a solid amount of cash.