Tennessee Sportsbook Bonuses and Betting Offers
Can you really get bonus bet at online sportsbooks just for signing up?
Tennessee online sportsbooks often provide incentives to encourage sports betting enthusiasts to create an account. One popular promotion is to give new sign-ups a bonus bet that allows them to lose their initial wager but get their loss refunded as site credit. Another is a no deposit bonus that gives users money to make their first bets.
So, the answer is yes!
Yes, you can get bonus bets at online sportsbooks, although they usually come with a few stipulations.
Here is a rundown explaining how to claim the best bonus bets and no deposit bonuses at Tennessee online sportsbooks.
Best bonus offers at Tenn sports betting sites
Get $200
Get $100
How do bonus sports bets work?
Most of us are reasonably skeptical about the strings that are attached when we’re offered a bonus. When it comes to online sportsbooks and bonus bets, there are some stipulations to be aware of when you accept and place these bets.
A bonus bet is a sign-up bonus that matches your first bet.
However, there are two things you should keep in mind when it comes to bonus bets:
- You can’t cash out a bonus bet: That is to say, bonus bets are not available to withdraw. You’ll have to wager these bets in order to see any earnings.
- You receive the winnings but not the original bet amount: Say you make a $100 bonus bet and your team wins, and the winnings total $90.91. You don’t get $190.91 back but just the $90.91 in winnings. (A regular sports bet is different since you receive both your original stake and the winnings if you win.)
No deposit bonuses
Some TN online sportsbooks give no deposit bonuses to new sign-ups.
Often, these are relatively small ($10 or $25) compared to some matching bonuses often associated with deposits. Even so, no deposit bonuses allow users to get a better feel for how online sports betting works without having to deposit any money.
Much like bonus bets, you can’t withdraw this money right away — you have to wager it first. Also, like bonus bets, bets won with no deposit bonuses only pay out the winnings and not the original stake.
What are the best bets to make with your bonus bet?
There are different rules of thought when it comes to betting strategy with bonus bets. In theory, what works best as a profitable handicapping strategy with regular sports bets will also work best with bonus sports bets.
However, since you aren’t using actual money when making a bonus bet (but rather site credit), you can certainly consider making less conservative bets with better odds, thereby giving yourself a chance at a larger payout.
Thus, you might use your bonus bet to wager on a big underdog or even a multi-leg parlay — depending, of course, on whether the terms of the bonus bet allow such wagering.
Types of No Deposit Sportsbook Bonuses
No deposit bonuses are especially good since they enable new players to test out online sports betting without having to fund their accounts first.
Understandably, no deposit bonuses often come with significant restrictions. For one, the money awarded cannot be withdrawn and must be wagered. Also, if the bets are winners, you only get the winnings and not the original stake.
No deposit bonuses are often time-sensitive as well. That means the money must be wagered within a certain time period, after which it is no longer available.
While no deposit bonuses work a lot like bonus bets, there is a significant difference. The value of a bonus bet has to be used on a single bet. No deposit bonus funds can usually be used over multiple bets at the customer’s discretion.
For example, a $100 bonus bet would have to be used on a single wager, and if the wager placed using the bonus bet were only $90, the customer would forfeit the remaining $10 value. However, with $100 bonus funds, a customer could use them to place a single $100 wager or ten separate $10 bets.
With online sportsbooks, no deposit bonuses aren’t nearly as common as matching deposit bonuses, bonus bets, and other offers. So when they do come along, take advantage of them.
No deposit bonus codes
You generally need to enter a bonus or promo code to claim a no-deposit bonus at an online sportsbook. Such codes work a lot like online coupons.
You will see bonus codes used for no deposit bonuses, matching bonuses, bonus bets, or other offers. Usually, you can find them on the sportsbook’s website or in promotional materials.
For the best Tennessee online sportsbook deposit codes right here on this page or in our sportsbook reviews.
There is typically a box on the registration page labeled “Enter Promo Code” (or something similar) where you type in the code in order to receive the bonus.
Sometimes you will also need to click a box agreeing to “Opt-In” in order to receive the bonus. Be sure to read the instructions and terms carefully when registering for an account.
Don’t lose the opportunity to take advantage of a no-deposit sportsbook bonus.
More Sportsbook Deposit Bonuses
In addition to bonus bets and no deposit bonuses, other types of bonuses and promotions are commonly found at TN online sportsbooks. These include:
- Deposit Bonuses: For new sign-ups, a bonus is given as a percentage of whatever amount the user initially deposits, up to a certain maximum. For instance, DraftKings offers a 20% match bonus up to $1,000, where you’ll get a full bonus of $1,000 once the play-through requirement is satisfied.
- Reload Bonuses: Like deposit bonuses, reload bonuses are available to you if you already have an account and make additional deposits.
- Event-Specific Bonuses and Promos: Bonuses associated with a particular sport or event like March Madness or the Super Bowl.
- Bet Insurance Promos: Online sportsbooks often offer insurance on various bet types, such as parlay insurance which gives you money back if you get all but one pick correct on a multi-contest parlay.
- Pools and Pick’em Promos: Some online sportsbooks feature season-long pools or pick’em leagues. Some have entry fees, but some cost nothing with the entire prize pool donated by the site.
- Odds Boosts and Other Promos: Sportsbooks sometimes offer daily odds boosts on specific games and other occasional promotions that provide added value.
How to Download and Use a Betting App
Downloading and getting started with a sports betting app is a simple process. For iOS users (iPhone, iPad, etc.), the apps are available to download for free right from the sportsbook website, which you can reach by clicking directly through this page.
Android users can also visit the online sportsbook’s website and download any sportsbook app for free.
Note: You can download, create your account, claim your bonuses and fund your account outside Tennessee. However, when it comes to making bets on the online sportsbook, you need to be physically located within Tennessee state lines to do so.
Online sportsbooks use geo-location to ensure all bettors are within state lines; you might need to download an extra geo-location app on your phone when you create your account.
Bonus Bets FAQ
Yes, at regulated sportsbooks they are. That said, be aware that bonus bets often have certain restrictions or requirements. Also, with bonus bets, the bettor only gets to collect the winnings and not the original stake.
It depends. Online sportsbooks can offer bonus bets up to $1,000 or more.
Online sportsbooks’ no deposit bonuses are typically small, around $10 or $25. Meanwhile, matching deposit bonuses can be $500 or more.
Deposit bonuses usually come with a playthrough requirement. They force users to bet a certain amount to have bonus funds released into their accounts. Be sure to read the fine print when it comes to playthrough requirements and bonuses. Sometimes the requirements are easy to fulfill, while others can be difficult.
Experienced online sports bettors sometimes use a technique called matched betting. It involves making multiple sports bets (usually on different sites) while using bonuses and promotions to ensure a profitable outcome. Don’t confuse “matched betting” with a “match bet,” a common promotion offered by online sportsbooks.
Usually, bonus bets can be wagered on all the sports an online sportsbook has markets. Consult the terms of the bonus bet, however, for any restrictions by sport.
Yes. Pay attention to the maximum for a bonus bet and be sure to bet that amount. If you bet less than the maximum, you usually will lose whatever is left over.
Typically there is not, although there is always a maximum on the amount of the actual bonus bet. Sometimes, there are odds restrictions that necessarily limit the amount that can be won. Again, consult a bonus bet’s terms to see any limits on the amount you can win.