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Caesars Sportsbook now offers new players in 22 states a first bet insurance offer with a $1,000 cap.
You’ll get the value of your first cash wager of the day back if you lose when you sign up with the Caesars Sportsbook promo code CTNEWS1000.
Even if you’ve never bet with any sportsbook before, you’re likely familiar with how these kinds of offers are structured.
This offer is now available in AZ, CO, MA, IA, IL, IN, KS, KY, LA, MA, ME, MD, MI, NC, NJ, NY, OH, PA, TN, VA, WV and WY.
There are a few nuances to this offer that are unique to Caesars Sportsbook. For one, you’ll only earn one bonus bet, equal to the value of your cash stake, that cannot be broken down. If you put down an initial bet of $100 and lose, you’ll get a $100 bonus bet. If you put down $900 and lose, you’ll get a $900 bonus bet.
Additionally, any bonus bets earned from this offer are valid for 14 days rather than the traditional seven. It bares mentioning that the value of your first cash wager of the day determines your bonus bet value.
Eligibility
- New customers only
- 21+ only
- $10 cash deposit required to register your account
- Bonus bets valid for 14 days from distribution, paid as one lump sum
You can either use the hyperlinked offer above, or the module below to get started at Caesars Sportsbook.
$1K First Bet Insurance
Signing up with Caesars Sportsbook
- Use either the module or hyperlink above to access the Caesars Sportsbook landing page
- Either select your state or input the promo code to get started
- Sign up for an account using relevant personal details (home address, birth date etc.)
- Review and approve T&Cs
- Make a cash deposit of at least $10 to trigger your account
- Bet as you please
Wagering with Caesars Sportsbook
Bet insurance of this nature are ideal for players looking for an edge on an underdog market. If your bet hits, you’ll get a substantial profit. If your bet loses, you’ll collect the value of your initial cash wager as a bonus bet.
For example, if you put down $125 in cash on Rudy Gobert at the First FG Scorer of Game 3 at +750:
- You’d earn $937.50 in profit with a win, plus you’d keep the $125 cash stake
- If your bet lost, you’d get one bonus bet equal to $125
Any bonus bet you earn cannot be withdrawn or cashed out without being wagered. Similarly, bonus bets will not be returned as part of a winning wager.
21+ only. New users and first $10+ wager only. Offer valid and must be physically present in AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, WV, and WY only. Know When To Stop Before You Start.® Gambling Problem? IL, MD, NJ, OH, PA, TN, VA, WV: Call 1-800-GAMBLER. MA: CALL 1-800-327-5050 or visit gamblinghelplinema.org. NY: Call 877-8-HOPENY or text HOPENY (467369). ©2024, Caesars Entertainment
