BEST DRAFTKINGS BONUS BETS TODAY: OCTOBER 2024

1. Which Types of Bonus Bets Does Draftkings Offer?

DraftKings offers several types of bonus bets that can be redeemed in various ways. Here are five common types:

1. Bet X Get X: This is a prevalent offer where a bonus bet is earned by placing a qualifying wager. For instance, you might see a promotion like “Bet $5, Get $150.”

2. Deposit Bonus / Deposit Match: With this type, you need to make a deposit to receive a bonus. An example is “Get a 50% Bonus on Your Deposit Up to $100 (Bonus Paid in bonus bets).”

3. No Deposit Bonus: This type provides bonus bets without requiring an initial deposit, though it’s less common. For example, you might receive “$10 bonus bet upon Sign-Up.”

4. Risk-bonus bet: This offer allows you to place a bet with your own money, and if it loses, you get reimbursed with bonus bets. An example is “First Bet Insurance up to $500.”

5. Site Credit: Similar to bonus bet bonuses, but if your bet wins, you keep the stake. For example, “Complete a Survey to Receive $20 in Site Credit.”
   
   

2. Does Draftkings Offer Bonus Bets for New Users?

Yes, Draftkings Sportsbook offers bonus bets for new users, typically referred to as welcome bonuses or signup bonuses. These promotions are usually the most generous offers available, designed to attract new customers. You can find the latest and best Draftkings Sportsbook promos for new users at the top of this page.

3. Does Draftkings Offer Bonus Bets for Existing Users?

Yes, Draftkings also offers bonus bets for existing users, though these are generally less generous than the welcome bonuses. These are often called reload or ongoing offers and can include promotions like profit boosts, enhanced odds, and bonus bets.

If you’ve already used all of your welcome bonuses, check out how you can maximize the profits you make from reload offers here.

4. How Can I Claim Draftkings Bonus Bets?

5. What Was Draftkings Most Generous Bonus Bet Ever?

DraftKings' most generous bonus bet offer was the “Bet $5, Get $200” promotion, which debuted in 2021. This offer allowed new users to place a minimum bet of $5 on any market and receive $200 in bonus bets, regardless of the outcome of the initial wager. The promotion was notable for its low entry requirement and substantial return, making it highly attractive to new customers.

Additionally, DraftKings has occasionally offered large deposit match bonuses, sometimes matching up to $1,000, further showcasing its commitment to delivering high-value promotions.

6. What Sports & Leagues Can I Claim Draftkings Bonus Bets on? 

7. Do You Need a Promo Code to Claim Draftkings Bonus Bets?

While some Draftkings promos require a code to be claimed, most of their promos in fact do not. And can be unlocked by anyone by following a few simple steps. 

For sign-up bonuses/welcome bonuses, this will usually require signing up to the sportsbook using the correct link, depositing and making your first bet. Whereas for ongoing offers you may need to opt-in to certain promos and seek out special reload bonuses sent to you via email.

However, these steps can differ depending on the promo type you’re using, so always make sure to read the T&Cs attached to the offer. Or better yet, learn the simple steps you can follow to convert your offer into guaranteed cash (see section 10).

8. What T&Cs Does Draftkings Have For Bonus Bets?

Draftkings applies several key terms and conditions (T&Cs) to its bonus bets:

1. Minimum Bet Requirement: You often need to place a minimum qualifying bet (e.g., $10) to receive bonus bets.

2. Expiration: bonus bets usually have an expiration period, often ranging from 7 to 14 days, after which they expire if not used.

3. Bet Types: bonus bets may be limited to specific bet types, such as straight bets or parlays, and may not be valid on all markets.

4. Winnings: Any winnings from bonus bets typically exclude the original stake, meaning you only receive the profit from the bet.

5. Location Restrictions: bonus bet offers may be restricted to certain states or regions where Draftkings operates.

6. New Users Only: Many bonus bet promotions are available only to new users who have not previously registered with Draftkings.

Always review the specific terms and conditions associated with each promotion before participating.

9. Are There Any Risks With Draftkings Bonus Bets?

While claiming free bets and bonus bets can be a great way to maximize your betting profits, it's crucial to be aware of their potential risks.

Four of the most notable risks attached to bonus bets/bonus bets are:

1. No Guaranteed Winnings: Whether it's a $150 bonus bet, a $1,000 risk bonus bet or a 50% deposit bonus, if you place your bonus bet on a losing bet you will still come away with no more cash than when you started.
   
   
2. Risk of Losing Money: One of the most common ways bettors lose money through promos is through risk bonus bets. Let's say you're gifted a $500 risk bonus bet and you place your $500 on the losing side of a game, you won't be refunded with $500 of withdrawable cash, but instead $500 of site credit (often in the form of a bonus bet). Place this bonus bet on the losing side and you've just lost $500 to the sportsbook.
   
   
3. Limited Number of Sign-Up Bonuses: While sign-up bonuses can be generous, you can only ever receive one sign-up bonus from each sportsbook (when you first create an account). This means that there's only a set number of sign-up bonuses available to each user. As a result, relying purely on these may not be a sustainable long-term plan.
   
   
4. Misuse of Promos: Certain promos have more complex rules and often hidden T&Cs. As a result, if you go into them without proper guidance and support you can risk reducing the amount of overall profit you earn, or worse, lose money.

But it isn't all doom and gloom. There is one way you can guarantee profits from bonus bets, risk-free, every time.

Sound too good to be true? Read the next section.

10. How to Guarantee Profit From Draftkings Bonus Bets

While it's true risks can arise when claiming bonus bets, one clever technique exists that can remove them and guarantee you profits from promos every time.

Promo conversion (A.K.A matched betting), is a fully legal, super simple (with the right platform) method of turning sportsbook promos into guaranteed cash.

Simply put, it involves betting on one side of a game to qualify for a sportsbook promo, then betting on the other side to cover both outcomes and remove the risk. Repeat this process using your new promo and voila! You've locked in a guaranteed profit.

And while this sounds simple on paper, to earn serious monthly profits with this technique you need rapid odds-matching software, an up-to-date promo database and tailored instructions for converting each offer at your disposal.

11. Why Choose ProfitDuel?

At ProfitDuel we have over 10 years' experience in the matched betting industry at the highest level. In that time we've helped 400,000+ members in the US & Europe earn guaranteed profits in the $1,000s each month converting sportsbook promos like bonus bets.

How exactly? By taking the complex-sounding promo conversion process we touched on in the last section, and creating intelligent software, easy-to-follow strategies and expert one-to-one customer support to make it insanely simple.

Not sold yet? Read the 5 simple steps to converting sportsbook promos in our free guide to see just how easy it can be to add $1,000s to your monthly income.

When you've done that and you're ready to start earning guaranteed profits, sign up to ProfitDuel using our limited-time offer: 50% off your first month of ProfitDuel!