Tips For Making The Most Of Louisiana Sports Betting Bonus Offers

With sports betting making its way to Louisiana on a large scale in the near future, there is a lot to be excited about.  A variety of different sports betting options soon will be available in the Pelican State, and there are a number of ways to start building your bankroll.

One of the main ways to do so is through bonus offers and promotions.

Because of the expanding popularity of sports betting, the competition among sports betting platforms is fierce. There are many sportsbooks for users to choose from, so many of them entice customers with bonus offers. These offers can include deposit matches, risk-free bets, and odds boosts.

Also Read: What To Expect When Mobile Sports Betting Launches In Louisiana

Promos Available For Louisiana Bettors

Promos and bonus offers can vary between sportsbooks. Each sports betting platform wants to win your initial business, as well as your continued business over the course of your betting career.

Whether you are an experienced bettor or a first-timer, it is recommended that you take advantage of any and all offers that are available. This can help to build your bankroll on multiple platforms.

Here is a look at some of the available offers for notable sportsbooks in Louisiana:

Also Read: Breaking Down Each Louisiana Mobile Sportsbook Offer

Taking Advantage Of Louisiana Sports Betting Bonus Offers

The More The Merrier

Free stuff is great. Free money is even better. In order to get the most out of these bonus offers, download and create accounts for each sportsbook app. Free bets and deposit matches on multiple sportsbooks can add up quickly. This gives you plenty of bankrolls to work with.

It also gives you options when placing your wagers. Shopping around for the best odds is made easier when you already have accounts with each platform.

Also Read: 5 Tips For Louisiana Prop Bets

Differences Between Offers

After creating your accounts, it is important to understand the differences between the offers that are available.  Sportsbooks like DraftKings and BetRivers offer deposit matches, while others like FanDuel and BetMGM offer risk-free bets.

Both types of promos can be beneficial for bettors, but they work in different ways.

Deposit matches refer to a sportsbook matching a percentage of the money that you deposit into your account. For example, DraftKings offers a 20% deposit match up to $1,000.  This means that if you deposit a maximum of $1,000 into your DraftKings account, it will give you bonus money up to $200. Consider depositing the max amount for each sportsbook in order to get the most out of each offer.

Risk-free bets give you a little insurance in case your first real-money wager goes south. If you win your bet, you are golden. You don’t need to use the risk-free promo. However, if you lose your bet, your second bet is on the house. With these types of promotions, sportsbooks will refund your lost wager up to a certain dollar amount. FanDuel offers a risk-free bet of up to $1,000 that is refunded in betting credits. Other sportsbooks refund your losses as free bets.  

Many sportsbooks will require you to ‘opt-in’ in order to be part of the promo. Most of the time you will not automatically be included in the promo, so be sure to let the sportsbook know you want to be included by opting in.

Always be sure to read the specific terms of each promo, and never bet more than you can afford to lose.

Don’t Be Afraid To Ask For Help

A common complaint among sports bettors is that they did not properly obtain the bonus offer or promo that the sportsbook was running.  If you are signing up for a promo and are experiencing issues and have questions, contact support and have them clarify everything for you.

It is better to ask and figure it out than to miss out entirely.

The Game Plan

Once your bonus offer credit is in your account, it’s time to put it to use. There are many ways to get in on the action, and seemingly endless bets to consider.

Experienced bettors may already have a specific method of operations, but new bettors could still be thinking things over. Either way, there is a lot to consider.

Do you swing for the fences with a long-shot parlay? Or do you keep things simple with a spread bet at -110 odds?

This is why it is important to download a number of sportsbook apps. With more promos from more sportsbooks, you have more bonus money to use. In turn, you can do a little bit of everything. When you’re betting on sports, options are never a bad thing.

Have a 6-team parlay in mind for NFL Sunday? Try it with a risk-free bet. If it loses, you still have comfort knowing you have a second chance. Then with a risk-free bet from another sportsbook, you can try a simple wager like backing a home underdog at +140 odds, or a point spread bet at -110 odds.

Keep in mind that at most sportsbooks, you may only get to keep the winnings from the second bet, not the stake.  Because of this, look to avoid laying a lot of juice with free bets. Heavy money line favorites at -300 odds will not yield much in return even if the bet wins. It may not be worth it. When working with bonus money, consider looking for something more profitable. 

Overall, don’t be afraid to try a little bit of everything. There is something out there for everyone, and utilizing the various bonus offers and promos is a great way to either get started with sports betting, or build up an existing bankroll.

About the Author

Connor Grootenhuis

Connor Grootenhuis is a Content Manager and sportswriter covering all things sports betting. Based in the Bayou State of Louisiana, he is a lifelong sports fan and a believer that every loss is a bad beat and every win is easy money.