TOP BETLY PROMOS & BONUSES: DECEMBER 2024

1. Which Types of Sportsbook Promos Does Betly Offer?

Betly offers a variety of sportsbook promos to enhance your betting experience. Some of the different types of promos offered by Betly include:

1. Bonus Bets: With a Bonus Bet, the sportsbook will gift you bonus site credit after you place a bet as a reward. This is the most common form of welcome bonus.
   
   For Example: Bet $5 and receive a $150 Bonus Bet.
   
   Also Known As: Bonus bets, "bet x get x" offers, free plays, bonus credits.
   
   
   
2. No Sweat Bets: With No Sweat Bets the sportsbook will refund your stake if your bet loses (usually in the form of a Bonus Bet).
   
   For Example: A sportsbook is offering a $100 risk Bonus Bet. If you wager $100 and win, you take the winnings. If you lose, you are refunded your $100 as a Bonus Bet.
   
   Also Known As: No sweat bets, second chance bets, first bet insurance.
   
   
   
3. Deposit Bonuses: With a deposit bonus, the sportsbook will offer an additional percentage bonus on top of your initial deposit amount.
   
   For Example: If the offer is a 50% deposit bonus and you deposit $100, the sportsbook will offer you an extra $50.
   
   Also Known As: Deposit Matches.
   
   
   
4. No Deposit Bonuses: As the name suggests, no deposit bonuses don't require a deposit to be gifted.
   
   For Example: With a $300 no deposit bonus, after you sign up the sportsbook will immediately fund your account with $300 (usually in the form of a Bonus Bet).
   
   Also Known As: No deposit cash.
   
   
   
5. Reload Offers: Unlike welcome bonuses, reload offers are promos that can be offered to users at any time, rather than just once they've signed up. They can come in many forms, from Bonus Bets to enhanced odds.
   
   For Example: Bet at least $10 every week of the World Cup and receive a $50 Bonus Bet for the final.
   
   Also Known As: Reload bonuses, ongoing offers.
   
   
   
6. Profit Boosts: Profit boosts provide a percentage increase to a person’s profits on a wager should they win.
   
   For example: If the sportsbook adds a 50% profit boost to a game and you earn $100 profit from it, the sportsbook will up your profit to $150.
   
   Also Known As: Cash boosts.
   
   
   
7. Odds Boosts: With odds boosts, the sportsbook enhances the odds on a certain bet (usually a prop bet). This enables bettors to earn higher winnings from the same stake.
   
   For Example: Houston Astros & Colorado Rockies both to win, was +190, now 240+.
   
   Also Known As: Enhanced odds, price boosts.
   
   
   
8. Parlay insurance: Users get their stake back as a Bonus Bet if one leg of their parlay bet loses.
   
   For Example: Place a 3+ leg same game parlay on any sport and if only open leg loses, get a refund in site credit (max $25).
   
   Also Known As: Parlay promo, parlay cover.
   
   
   
9. In-Play Bonuses: Bonuses for placing live, in-play bets during an event.
   
   For Example: Bet $50 in-play and receive a $20 Bonus Bet.
   
   Also Known As: LIve bet bonuses.
   
   
   
10.  VIP Programs: Certain sportsbooks offer VIP programs that reward loyal customers with additional perks. These can range from extra promos to complimentary cruises and tickets to sporting events.
    
    For Example: Barstool's old PENN Play Program offered an annual Las Vegas stay package at M Resort Spa Casino for Owners Club members.
    
    Also Known As: VIP schemes, loyalty programs.

2. Is Betly Legit?

Betly is a legitimate sportsbook established in the U.S. in 2020. It operates legally under state regulations, offering a range of sports betting options including football, basketball, baseball, and more.

With a focus on user-friendly interfaces and competitive odds, Betly aims to provide an enjoyable betting experience for its customers. As with any gambling platform, it's essential to research and ensure it's authorized in your jurisdiction before participating.

3. Which States is Betly Legal in?

Betly, a reputable sportsbook, has expanded its legal presence across 4 states in the U.S., offering enthusiasts a platform for engaging in sports betting within regulated environments.

1. Arkansas: Betly became legal in 2019, following the passage of a constitutional amendment allowing sports betting at four casinos. This marked a significant shift in the state's gambling landscape.
   
   
2. Ohio: Betly was legalized in 2022, expanding gambling options to include sports betting. The move came after years of debate and anticipation among Ohio's gaming enthusiasts.
   
   
3. Tennessee: Introduced Betly in 2020, becoming the first state to legalize online-only sports betting. This decision opened up a new avenue for sports enthusiasts to engage in betting activities.
   
   
4. West Virginia: Betly became legal in 2018, after the state passed legislation permitting sports betting. The move aimed to capitalize on the popularity of sports betting while regulating the industry for consumer protection.

4. Does Betly Offer sportsbook Promos for New Users?

Betly offers sportsbook promos specifically designed for new users every month.
These promos, often referred to as welcome bonuses or signup bonuses, are some of the most generous offers the sportsbook provides. 

You can find Betly's best sportsbook promos for new users at the top of this page.

5. Does Betly Offer Promos for Existing Users?

While not as generous as their welcome bonuses, Betly does offer promos for existing users. These promos, often referred to as reload offers or ongoing offers, come in various forms. They commonly include 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 can make from promos as an existing user here.

6. How Can I Claim Betly Promos & Codes? 

To claim Betly Sportsbook promotions, follow these steps:

• Create an Account: Sign up on the Betly website or app by providing your personal details and verifying your identity.
  
  
• Navigate to Promotions: Go to the promotions section to view available offers.
  
  
• Select a Promotion: Choose the desired promotion and review the specific instructions.
  
  
• Make a Deposit: If required, make a minimum deposit according to the promotion's terms.
  
  
• Place a Qualifying Bet: Follow any instructions on placing a qualifying bet, if applicable.
  
  
• Enter Promo Codes: Enter any required promo codes during the deposit or bet placement process.
  
  
• Receive Your Bonus: Once you've met the promotional requirements, the bonus funds or Bonus Bets will be credited to your account.

These steps will help you take full advantage of Betly's promotional offers.

While this process of claiming promos is generally a pretty standard one, you can still end up risking your cash if you lose the game you wager on. However, there is one method you can follow when claiming promos that will guarantee you profit from your offer each and every time (see section 14). 

7. What Was Betly's Most Generous Promo Ever? 

Betly's most generous promo to date was their "Triple Crown Bonus" during the 2021 Kentucky Derby. This promo offered users a tripled payout on their initial bet if their chosen horse won the race.

With the prestige and popularity of the Kentucky Derby, coupled with the excitement of potentially tripling their winnings, this promo garnered significant attention and participation from bettors.

It not only attracted new users but also rewarded loyal customers, showcasing Betly's commitment to providing enticing and lucrative promotions to enhance the sports betting experience.

8. What Sports & Leagues Can I Claim Betly Promos On?

Betly offers sportsbook promos on a variety of sports and leagues, including:

• NFL: Betly often runs promotions during the NFL season, such as "Touchdown Tuesdays" where users receive bonuses for every touchdown scored during Tuesday night games.

• NBA: During the NBA playoffs, Betly may offer special promotions like "Three-Point Shootout," where users get boosted odds on three-point shots made by specific players.

• MLB: For Major League Baseball, Betly may have promos like "Home Run Bonanza," where users receive Bonus Bets for every home run hit during select games.

• NHL: Betly might offer promotions like "Hat-Trick Madness," where users receive extra winnings if a player scores a hat-trick in a specific game.

• UFC: During major UFC events, Betly often has promos such as "Knockout Bonus," where users get enhanced odds on specific fighters winning by knockout.

• Soccer: Betly provides promos for various soccer leagues, such as "Goal Frenzy," where users receive bonuses for each goal scored in high-profile matches.

• Golf: Betly may run promotions during golf majors like "Masters Mania," offering users boosted odds on select golfers to win the tournament.

• Tennis: During Grand Slam tournaments, Betly might have promos like "Ace Advantage," where users receive bonuses for each ace served by specific players.

Betly frequently updates its promotions, so it's worth checking their website or app regularly for the latest offers across these sports and leagues.

9. How Good is Betly's Loyalty Program?

Betly's loyalty program, Betly Club, including its store, provides users with a rewarding experience. Customers are automatically enrolled when signing up.

By participating in bets and activities on the platform, users can earn coins or points, which can then be redeemed in the Betly Store for various rewards such as Bonus Bets, merchandise, or exclusive offers.

The program incentivizes continued engagement with the platform and rewards loyal users for their activity. While the specifics of the loyalty program may vary over time, it generally offers users a valuable opportunity to earn rewards beyond traditional betting winnings, enhancing their overall experience on Betly.

10. Do You Need a Promo Code to Claim Betly Promos?

While some Betly 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, remove the risk and learn the method you can use to convert promo offers into guaranteed cash every time (see section 14).

11. What T&Cs Does Betly Have For Promos & Codes? 

Betly's promotional terms and conditions (T&Cs) typically include:

• Eligibility: Promos may be available to new users, existing customers, or both, depending on the offer.

• Promo Codes: Some promos require entering a specific code during registration or deposit to activate the offer.

• Minimum Deposit: Certain promos may require a minimum deposit amount to qualify for the promotion.

• Wagering Requirements: Users may need to wager a certain amount of money before being eligible to withdraw bonus funds or winnings generated from the promo.

• Expiry Date: Promos usually have an expiration date, after which they are no longer valid.

• Qualifying Bets: Some promos require placing specific types of bets or meeting certain criteria to qualify for the offer.

• Restricted Markets: Certain geographical locations may be excluded from participating in specific promos due to legal restrictions.

• Additional Terms: Betly may include additional terms and conditions specific to each promo, so users should always carefully read the full T&Cs before participating.

These terms ensure fairness and transparency for all users participating in Betly's promotions.

12. What are the Pros and Cons of Betly?

Like all sportsbooks, Betly has its pros and cons. Below we have summed up some of the most popular customer opinions of Betly: 

Pros:

• Competitive odds on sports betting
• Easy to use platform
• Wide range of sports and leagues
• Live betting option
• Generous promos

Cons: 

• Only available in 4 states

13. Are There Any Risks With Betly Promos?

While claiming sportsbook promos with Betly 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 promo offers are: 

• 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 credit on a losing bet you will still come away with no more cash than when you started.  
  
  
• Risk of Losing Money: One of the most common ways bettors lose money through promos is through No Sweat 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. 
  
  
• 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.
  
  
• 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 sportsbook promos risk-free, every time.

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

14. How to Guarantee Profit From Betly Promos

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

15. 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.

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!