Maryland sportsbook promo codes
Are you making the most of your Maryland sportsbook promo codes? If not, you could be sacrificing hundreds of dollars of free winnings. In this guide, we’ll walk you through the most common types of betting bonus codes in MD and explain how you can put them to good use to boost your betting strategy.
All Maryland betting promo codes
Before you use a Maryland betting bonus, you need to understand what they are, how they work, and how you can apply them to your gaming strategy. Take time to read up on each bonus carefully and compare how they can help you win more money from each bet. Then, we’ll share where to find the best bonuses. If you’re ready to win, let’s dive in!
Types of betting bonuses
This guide will introduce and explain the following six betting bonuses:
- Matched Deposit
- Free and Risk-Free Betting
- No Deposit
- Boosted Odds
- Loyalty Reward
Carefully read each description to get a thorough understanding of how they work and when to apply them.
Best MD sportsbook promo codes in 2023
Maryland sportsbook promo codes: All sites are 100% legal & licensed by the state.
|DraftKings Sportsbook Bet $5, get $200 in free bets||Bet now DraftKings MD bonus code|
|Betfred Sportsbook Get up to $1,111 in Fred Bets||Bet now|
|BetRivers Sportsbook Up to $500 in bonus bets||Bet now BetRivers MD promo code|
|Caesars Sportsbook Up to $1,500 in bet credits||Bet now Caesars bonus code MD|
|FanDuel Sportsbook Bet $5 get $200 in bonus bets||Bet now Fanduel MD bonus code|
|BetMGM Sportsbook Up to $1,000 in bonus bets||Bet now BetMGM MD bonus code|
Best Maryland sportsbook promo codes
Online sports betting may be a new frontier for many Marylanders but the market has been quickly swallowed up by competing bet providers. So to entice new members, they’re all offering competitive bonuses. Use these Maryland sports betting bonuses to pad out your bankroll, improve your odds, and unlock free bets in the Old Line State. You can use all these features on the Maryland sports betting apps.
When you first register with a betting site, you’ll be prompted to deposit money into your bankroll in Maryland. After making your first deposit, you’ll likely unlock a matched deposit bonus. This bonus will match your first deposit up to a set amount according to a set percentage. This encourages you to deposit as much money as possible in one go.
After making your first deposit, your sportsbook will gift you a sum of money equivalent to the percentage set by the bonus. This money will automatically appear in your bankroll and can be used to place most types of bets. You will have to play through the rollover requirements before you can withdraw the money, though.
Some sportsbooks offer 100% deposit matches but it’s more common to find 50% bonuses. For example, if your first deposit is worth $500, your sportsbook will gift you an additional $250 for free. Once you play through a percentage of the bonus money, you can then withdraw it as a thank you for using the sportsbook’s services.
Matched deposit bonuses are usually reserved for new customers and work one-off. So make the most of this welcome bonus while you can to pad out your bankroll with extra money.
Free and risk-free in MD
Next to matched deposit bonuses, free and risk-free bets are the most common types of Maryland sports betting bonuses. If you unlock one of these bonuses, it’s important to understand how they work. Although they may sound similar, they work a little differently. Here’s what you need to know:
- Free bet bonuses – Free bet bonuses give you a set amount of money to wager with. You must use the entire amount on a single bet and they’re often limited to specific sports or bet types. If you win the wager, you’ll keep the profit but forfeit the free stake. If you lose, you’ve risked nothing.
- Risk-free bet bonuses – Unlike free bet bonuses, risk-free bets require you to stake your own money. If you win, you get to keep your original stake plus the profits. However, if you lose, your sportsbook will refund the original stake. This way, you’ve risked nothing by playing.
Use these betting bonuses to earn big payouts without risking any of your own money. However, understand that they are not entirely free. You must deposit money into your bankroll before you can unlock either type of bonus.
No-deposit in Maryland
Whereas free and risk-free betting in Maryland requires you to deposit a small amount of money into your bankroll, no-deposit bonuses are entirely free. They are usually offered as a promotion for new members as a way to entice you into registering. No-deposit betting bonuses are usually small (around $25-$50) but they can equate to decent profits without the risk.
If a sportsbook offers you a no-deposit betting bonus, you’ll first have to register and verify your account. After going through the registration process, your sportsbook should immediately deposit the funds into your bankroll without having you do anything. You must play through these funds before withdrawing them.
Different sports betting sites have different requirements, so read the terms and conditions before playing with a no-deposit bonus.
Many Maryland sportsbooks will offer boosted odds betting bonuses whenever major sporting events come around. As major championships such as the Superbowl or the Olympics approach, they offer boosted odds bonuses to encourage members to start betting. However, despite the name, boosted odds do not actually increase your chances of winning.
Instead, boosted odds bonuses increase the amount of money you’ll win from a wager by lowering the sportsbook’s cut from your wager. When you place a wager, the sportsbook automatically stacks the odds so that they can earn a small profit from your bet, no matter if you win or lose. This is how the house always wins.
Boosting your odds lowers their share of the profit and allows you to walk away with more winnings. Use these bonuses when you’re confident you’ll win the score a larger profit during the next championship game.
Although matched deposit bonuses are usually reserved for new members, you can still unlock bonuses by depositing money into your account. In addition, bet providers show their appreciation for loyal customers by providing additional bonuses every time you reload your bankroll. These may include free bets or matched deposits set at a much lower percentage.
Whereas an initial match deposit bonus may be worth up to $1,000 at a 100% rate, reload bonuses are usually only worth 25% or less. Nonetheless, these bonuses can help you earn extra money, pad out your bankroll, or earn free bets whenever you need them.
VIP and loyalty rewards programs
Although not technically bonuses, VIP and customer loyalty programs are another popular way to unlock extra money. Also, to earn better odds, and increase your overall profits. They reward return customers who are dedicated to betting on a single platform. Most sports betting sites offer some form of a loyalty rewards program but you may have to register with it independently.
Most VIP and loyalty rewards programs work based on a points system. For each wager you place, you’ll earn a set number of points, usually corresponding to how much money you bet. As you earn more points, you’ll move up to higher tiers where you can unlock better deals, better odds, and better prizes.
Common prizes include sports memorabilia, t-shirts and apparel, or even tickets to special events. Check out your Maryland sportsbook to find out more information.
Where to find the best Maryland sports betting bonuses
If you haven’t already registered with a Maryland sports betting provider, we recommend bookmarking this page for future reference. Next, we’ll introduce you to five of the best sportsbooks in the state with the most competitive and enticing betting bonuses on the market. By sticking with these four sites, you’ll avoid scams and other compromised betting platforms.
Check them out and don’t be afraid to register with more than one betting platform. By signing up with a handful of options, you can maximize your winnings and use a handful of bonuses at one time.
After acquiring William Hill in late 2021, “The Emperor” is now one of the world’s largest and most well-connected sportsbooks. So understandably, they’re able to offer some of the heftiest betting bonuses around.
For example, when you sign up with Caesars Sportsbook Maryland, you’ll unlock bet credits valued up to $1,500.
FanDuel is one of the most popular sports betting sites globally. For a good reason—it’s well-establish, well-respected, and offers one of the best customer rewards programs. When you first register with FanDuel Maryland, you’ll unlock a risk-free bet valued up to $1,000, giving you the chance to win a massive profit in one go.
Additionally, you can access future bonuses by following them on social media, registering with their VIP rewards program, and enrolling in their emailing list. The more you play, the better the bonuses you’ll unlock.
BetRivers Maryland is another top contender in the state with some of the best bonuses around. They regularly update their offerings and you can currently unlock two bonuses when you register and verify your account. These include a 20% deposit match worth up to $1,000 as well as a no-deposit bonus worth $50.
BetMGM Maryland was one of the first providers to set up shop in the state and is currently working hard to bring in new members. You can unlock a risk-free bet worth up to $1,000 when you sign up with their platform. Use it to win big and walk away with a massive profit from your first bet.
They also offer regular bonuses through social media so be sure to follow them!
FAQs about Maryland sports betting bonuses
Free and risk-free bets both grant an opportunity to wager a sum of money without losing your stake. The difference is that free bets provide the stake for you. If you win, you forfeit the stake and keep the profits. On the other hand, risk-free bets require you to wager your own money. If you lose the bet, your sportsbook will automatically refund your stake, eliminating the risk.
Think of sports betting bonuses as a thank you from your online sportsbook. Most platforms offer betting bonuses as a way to incentivize new members to join or to thank existing members for their continued support. Sportsbooks understand that their competitors offer similar bonuses so they’re often in competition to offer the most lucrative and enticing offers.
Online betting sites in MD don’t want new members to unlock a bonus and immediately walk away with free money. So they set clear rollover and playthrough requirements in their terms and conditions to prevent this. This requires players to make a certain number of bets using the money before they can withdraw it. For example, typical rollover requirements ask players to place at least six bets before withdrawing the funds.
A lot of new players think of sports betting bonuses as a one-off chance to make wild long-shot bets. Don’t make this mistake. Instead, use some strategy and place your bonus bets on a wager you expect to win. This way you can actually profit from the free bonus.