Ohio sports bettors are facing a bit of a good news/bad news situation.
The good news? Individual sportsbooks can start applying and receiving licenses as early as April 1. It is expected that as many as 40 licenses will be available to books. And that means some great Ohio betting offers coming to the Buckeye State!
What Does this Mean for You?
That’s good news for you, the Ohio sports bettor, because competition will be hot and heavy. Consequently, this usually results in lots of tempting offers from each book looking to add new customers. This means ample opportunities for free bets, sign-up bonuses, risk-free bets, deposit matches, and other promotions offered to new customers.
Of course, we don’t know which books will operate in the Buckeye State just yet. Therefore, we’re going to look at some of the bigger brands in the sports wagering game and the promos each has offered to new customers in other states.
So, what’s the best offer for a new sports gambler in Ohio?
Ohio Betting Offers: Free Bets
A free bet delivers what it promises – a chance to make money without risking any of your capital. For example, a $100 free bet means you can risk $100 on the event or outcome of your choice.
Best of all, many books moved away from requiring minimum odds on free bets. This means that you can use your wager on that longshot to try for the biggest score possible!
It is worth noting that a free bet means your WINNINGS go into your account. Not your initial stake. If you wager a $100 free bet on the Cleveland Browns at even odds and win, you’ll receive $100 in your account. Not $200.
Here are a few Ohio betting offers from leading sportsbooks which involve free bets specifically:
|Sportsbook||Free Bet Offer|
|BetMGM||Established customers will receive a $10 free bet from BetMGM each Monday, provided they wagered $50 or more on sports over the previous seven days. The free bet must be used and settled in the ensuing week, and is only eligible on odds of -300 or greater.|
|Caesars||When new customers sign up at Caesars and make a deposit of $20 or more within three days, they receive $300 in free bets.|
|DraftKings||DraftKings offers new customers a free $50 bet at signup with a $5 minimum deposit. The free bet must be used within 30 days of signup.|
|FanDuel||If your first wager (up to $1,000) after your initial deposit loses, you’ll receive a full refund in the form of free bets. (more details in ‘Risk-Free Bets’ section.)|
BetMGM Sportsbook RISK FREE
DraftKings Sportsbook DEPOSIT BONUS
Ohio Betting Offers: Risk-Free Bets
A risk-free bet means you are risking your own money with a safety net – specifically, the promise of reimbursement if your wager loses.
Let’s say you deposit $500 at a sportsbook that promises your first bet is ‘risk-free.’ You bet $250 on the Cincinnati Bengals at even odds.
If you win – congrats! You now have $750 in your account. But if you lose, now your account balance is $250… but you also have $250 in free bets to play. Normally, this can be used as a single $250 wager or divided into multiple wagers. Always read Terms & Conditions on any such promotion.
Some well-known sportsbooks and their risk-free Ohio betting offers include:
|Sportsbook||Risk-Free Bet Offer|
|BetMGM||BetMGM offers a risk-free bet of up to $1,000 on your first sports wager after a deposit of at least $10. Only your first wager qualifies, so make it count! If your first bet is greater than $50, it will be broken into denominations of 20% of the full amount (example: a $500 free bet that loses would be refunded as five separate $100 bets). These bets must be used within seven days of crediting to your account.|
|Caesars||On the first bet placed with your $300 in free bets (explained above), if you lose you get your wager back in the form of another free bet, making the first free bet a risk-free wager. Bettors must place each free bet on odds of -200 or longer.|
|FanDuel||FanDuel is offering a risk-free bet of up to $1,000 on each bettor’s first wager after an initial deposit.|
If the wager loses, the bettor receives a refund of the full amount in the form of free bets.
Caesars Sportsbook 1st BET INSURANCE
FanDuel Sportsbook RISK FREE
Ohio Betting Offers: Deposit Matches
A deposit match is pretty simple to explain. Deposit a certain amount of money, and the sportsbook matches your deposit or a percentage of your deposit. However, it can also be complicated, in that it comes with more ‘strings attached’ than the other two offers.
These usually involve playthroughs. A playthrough is a word used to describe the amount you must wager before your money is eligible for withdrawal.
A few deposit match Ohio betting offers are explained below:
|Sportsbook||Deposit Match Offer|
|BetRivers||BetRivers offers to match a first deposit up to $250, with only a one-time playthrough requirement. BetRivers applies the one-time playthrough rule to most, if not all, of its bonus money promotions. In this case, if you deposit $250, the site will match your deposit dollar-for-dollar, and once you’ve placed $250 in qualifying wagers (odds of -200 or longer) all winnings are yours to keep! Each bettor has 30 days to meet this requirement.|
|Caesars||Your first deposit at Caesars will be matched dollar-for-dollar up to $3,000. This amount is subject to only a one-time playthrough, so once you’ve wagered funds equal to the amount of your deposit match, the money is eligible for withdrawal. Wagers must be at odds of -300 or longer to qualify towards meeting the playthrough.|
|DraftKings||Each new customer receives a 20% deposit match up to $1,000 – meaning you’ll need to deposit $5,000 to receive the full $1,000. There is a 5x playthrough requirement, so in all a $5,000 deposit requires $25,000 in DraftKings sportsbook/casino bets (at odds or -300 or longer) to redeem the $1,000 bonus amount. Bettors must meet this requirement within 90 days of signup.|
BetRivers Sportsbook DEPOSIT MATCH
DraftKings Sportsbook DEPOSIT BONUS
Common Factors in Free Bets, Risk-Free Bets, and Deposit Matches
Free Bets – Deadlines:
Whether it’s how soon you have to make a deposit after opening an account, or the amount of time you have to place your free bets – it’s obvious the sportsbooks want to see their new customers wagering right away.
Risk-Free Bets – Minimum Odds:
Some books say -200 or longer, others say -300 or longer. Whatever the exact figure, this ensures customers won’t take a $1,000 free bet, place it all on a prohibitive money line favorite of say, -1000, and simply pocket the free $100.
Deposit Matches – Playthroughs:
Obviously, these sportsbooks aren’t just handing out free cash. The deposit matches are intended to be used on sports wagering. Playthroughs ensure that each earns their money by placing wagers that are at least equal to the amount of the promotions. One-time playthroughs are the standard, but there are sportsbooks requiring greater amounts of wagering before the money is available for withdrawal.
Check back in frequently for more Ohio betting offers once the sportsbooks are up and running!