It’s Super Bowl week, which means there is plenty to look forward to if you’re a sports bettor and even more so if you’re looking to bet on the game for the first time. With so many sportsbooks looking to entice new customers, there are a bucketload of exciting signup offers to take advantage of, and DraftKings has one of the best.
How the offer works
So long as you’re 21+ years of age and don’t yet have a DraftKings Sportsbook account, you’re good to go. Simply make a deposit of $5 into the Sportsbook account, and wager it on the team of your choice in any Super Bowl moneyline market. If your bet wins, you will receive $280 in free bets, plus any cash winnings from the original bet.
The current moneyline market currently has the Rams at -200 favorites and Bengals as +165 underdogs.
The bonus will be paid as seven $40 free bets and the value of each bet won’t be included in any winnings. So if you put $40 on an NHL moneyline, you’d only really be looking to win around $40, as the other $40 would not be counted in the winnings.
There is also another sign-up offer if you wanted some variety.
Not only will you receive a $50 free bet just for depositing for the first time, but you’ll also receive a bonus that equates to 20% of that deposit. So if you were to deposit $100, you’d get a $50 free bet AND a $20 bonus.
The one thing to note is that the bonus works by paying out $1 in bonus funds after every $25 played through. This can be done over 90 days, so there’s no rush.
The big thing here is the free $50 bet just for signing up and making a deposit. It’s worth noting that the $50 isn’t included in any winnings, so if you simply placed it on a moneyline, you’d technically lose money as you’d only receive the profit from the bet, so it definitely makes sense to place it on a longer-odds bet, or maybe even exploring one of the parlays or Super Bowl specials that DraftKings list.
Happy betting!
Photo by Jevone Moore/Icon Sportswire
