Caesars Bet $20, Get $200 Promo | EXPIRED – Bet $1 & Get Double Your Winnings on Your Next 10 Wagers

NOTE: This Caesars Bet $20, Get $200 offer has expired, but right now you can bet $1 & get double your winnings on your next 10 wagers!

You won’t want to miss out on this offer, since it’s a great way to build your bankroll at Caesars.

Caesars Sportsbook Bet $20, Get $200 - EXPIRED

NOTE: This offer is expired; read below this section for the latest offer.

Looking to cash in on this year’s NCAA Tournament? Caesars Sportsbook’s latest promo can help new bettors win a $200 bonus bet when their team scores one point in a college basketball game of your choice.

To earn your $200 bonus bet, all you have to do is and sign up at Caesars. Then, after making your first deposit, place your first wager ($20 minimum) on a men’s college basketball game of your choice.

When a team in that game scores one point, you’ll receive your $200 bonus bet!

How the Bet $20, Win $200 Caesars Promo Works

NOTE: This promo has expired, but it might return this spring; read the full terms and conditions of this promotion as they pertain to your state before betting.

• to sign up at Caesars.
• After registering, make your first deposit into your Caesars account.
• For your first wager, bet at least $20 on a Men’s NCAA Tournament game of your choice.
• When a team in your game scores a point, you’ll get a $200 bonus bet.
• If you choose to cash out of your bet, you will not receive your $200 bonus bet.
• Bonus bet will be added to your account within two days of promotion expiring.

Caesars Promo Code

Caesars is offering up to $1,000 in bonus bets for new users. Simply place your first wager at Caesars Sportsbook. If you win, you’ll enjoy the profits as usual. If you lose, your bet will be matched in bonuses up to $1,000.

For example, if I wagered $1,000 on Yankees ML and lost, I would get a single bet token matching my initial wager ($1,000).

What’s great about this promo is that it has a high limit ($1,000), giving you a chance to build your bankroll.

Make sure to use Caesars promo code GAMEDAY1000 to unlock this lucrative offer.

For more information, read more about the Caesars promo and review.

How the Caesars Sportsbook $1,000 Bonus Works

This Caesars promo works like this:

• and enter promo code GAMEDAY1000
• Deposit at least $10 and make your first wager.
• If your first wager loses, you’ll get that amount in the form of a bonus bet
• Bonus bet will be one single token credited two business days after your wager is graded a loss
• It will expire in 14 days and has no cash value.

It’s also worth noting that Caesars has a special offer for Maine users: Bet $5, Get $250. This is where your first bet (min. $5) gets you $250 in guaranteed bonus bets.

Wagering Requirements

You can’t withdraw your bonus bet, but you can immediately claim any winnings. Remember that the bonus bet has no cash value — it can only be used to try to rack up more profits.

Terms and Conditions

• New users only.
• Must lose your first bet to get bonuses.
• Deposit at least $10.
• Bonus are non-withdrawable and expire after 14 days.

Caesars $1,000 Promo vs Its Competitors

Let’s take a look at how the Caesars $1,000 promo stacks up to the competition:

bet365 Sportsbook

bet365 is offering new users the choice between Bet $5, Get $200 or a First Bet Safety Net up to $1K.

The First Bet Safety Net up to $1K is similar to the Caesars welcome bonus in that you need to lose your first bet to get the bonus.

The Bet $5, Get $200 offer is where your first bet (min. $5) gets you $200 in guaranteed bonuses.

Make sure to use promo code GAMEDAY to activate this offer.

Read more about the bet365 promo code.

Fanatics Sportsbook

The Fanatics welcome bonus is unique compared to the rest of the industry. New players can be matched up to $100 for 10 consecutive days, adding up to $1,000 in bonuses.

Do note that if you miss one day during this 10-day period, you forfeit the bonus for that day.

I like when I see innovative offers and this certainly fits the bill, so don’t miss out.

BetMGM Sportsbook

BetMGM has a similar offer to Caesars, except you get bonuses up to $1,500 using promo code GAMEDAY.

Place your first bet and if it loses, you will be reimbursed up to $1,500.

This high limit is perfect to build your bankroll — make sure to take advantage at BetMGM.

What’s also good is that your bonus is spread out over smaller increments rather than a single bet token.

DraftKings Sportsbook

DraftKings has a Bet $5, Get $250 offer where you also get a free month of NFL+ Premium.

What better way to enjoy the NFL action than using your NFL+ Premium subscription?

This is a great offer with a low barrier to entry ($5) and a lucrative reward ($250).

FanDuel Sportsbook

FanDuel features a Bet $5, Get $200 welcome bonus along with three free weeks of NFL Sunday Ticket.

Not only do you get $200 in guaranteed bonuses just for a $5 wager, but you also have a chance to watch every NFL game with Sunday Ticket.

This is one of the best sportsbook promos available, so sign up at FanDuel today.

The Best Way to Use the Caesars $1,000 Promo

The best way to use the Caesars $1,000 promo is to play it safe. Find your favorite bet at reasonable odds (ex. +100 to -150). This way, you maintain a 50% implied probability or better (+100 = 50%) while also ensuring that you still get a good ROI.

You don’t want to shoot for the moon on a longshot because your goal is to win your first wager, not rely on the bonus to recoup your losses.

If you do end up losing your first bet, it’s best to continue to take a conservative approach.

Your plan shifts towards obtaining profit to minimizing your losses.

Use your single bet token on another straight wager of a pick that you researched and feel comfortable with. I like to go with player props.

Is the Caesars $1,000 Promo Worth It?

Yes, the Caesars promo is worth it. With a high limit like $1,000, you have a terrific opportunity to build your bankroll.

I recommend getting as close to the $1,000 maximum as you can, but I understand that’s a high number to get to. Bet at least 2x your standard wager on this bonus, since having the comfort of being refunded in bonuses is a nice reward that you need to take advantage of at Caesars.

While I prefer Bet & Get offers, this is still a useful promo at Caesars.

How to Withdraw Your Caesars Promo Winnings

Withdraw your Caesars promo winnings with these steps:

1. Click your account information at the top right corner.
2. Select “Withdraw."
3. Choose your preferred banking method.
4. Press “Submit."
5. Wait for the withdrawal to be approved.
6. You can monitor the status in your account settings.

Where Is the Caesars Sportsbook Promo Available?

The Caesars $1,000 promo is available in the following states:

• Arizona
• Colorado
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maryland
• Massachusetts
• Michigan
• New Jersey
• New York
• North Carolina
• Ohio
• Pennsylvania
• Tennessee
• Virginia
• West Virginia
• Wyoming
• Washington D.C.

Do note that users in Maine are entitled to a Bet $5, Get $250 offer.