- Frequent Bonus Bets
- Daily Odds Boosts
- Caears Rewards Loyalty Program
Caesars Sportsbook may be one of the most recognizable names in gaming, but its online sports betting platform took a while to truly take off. After aggressively revamping its mobile app and betting interface, Caesars Sportsbook propelled itself into the upper tier of sportsbook operators. And with its improvements, Caesars also introduced an Emperor-sized welcome bonus.
The new and improved Caesars Sportsbook bonus gives new users a chance to place their first wager and get a refund paid as a bonus bet credit worth up to $1,000 if it loses.
We examine if this titanic Caesars signup bonus is as glorious as it sounds in the sections below.
Caesars Sportsbook Promo Code
- Caesars Sportsbook promo code: BUSA1000
The Caesars Sportsbook bonus invites new customers to sign up for accounts and place their first wager, which will result in one of two outcomes:
- If your first bet loses, you’ll receive a bonus bet of equal value worth up to $1,000
- If your first bet wins, you’ll collect your winnings but receive no bonus
Compared to other online betting offers, the Caesars Sportsbook bonus has standard terms and conditions. The initial wager must be made within 30 days of opening an account. Likewise, any bonus bet received must be used within 14 calendar days or it will expire.
When wagering with bonus bet credits, the initial stake is not returned to player accounts, only the winnings. So, if you place a $1,000 wager at even odds, and it hits, you’ll have $1,000 in your account, not $2,000 as if you were using your own funds.
Pros of the Caesars Sign-Up Bonus
#1 The monetary cap
The Caesars Sportsbook bonus features a healthy monetary cap of $1,000, making it accessible and worthwhile for bankrolls of all sizes.
#2 Lenient timetable
Caesars gives new bettors a healthy 30 days to find a bet they like after signing up for accounts. That’s much longer than industry standards, which are closer to 7-14 days. However, anyone who receives a refund must use their bonus bet within 14 days.
#3 No bet restrictions
Caesars Sportsbook does not list any bet restrictions in its terms, meaning that you can use your initial wager and the refund however you like, the only caveat being that you must wager both of them in one shot.
So, whether you’re feeling a straight bet on a favorite at -200, or a 5-leg parlay at +1000, all bets are eligible. Just be aware that if you use the “Cash Out” feature on your initial wager, you will no longer be eligible for a bonus bet credit.
Caesars Sportsbook Sign-Up Bonus Cons
The single biggest con, and this applies to every similar promo, is that if your settled bet turns out to be a winner, Caesars won’t award you anything extra other than Reward Credits and Tier Credits.
The second biggest issue is that refunds are awarded as bonus bet credits. With bonus bets, the book is effectively staking you, and will take that stake back if you win. Only the winnings will remain yours.
Therefore, it is in a bettor’s best interest to use the bonus bet on an attractive underdog, as we want the payout to be larger than the initial stake.
As you may have suspected by now, first bet refund promos encourage bettors to take quite a bit of risk. Irony abounds.
If there weren’t enough to make risk-averse types tremble, both the initial wager and the bonus bet credit must be wagered in one shot. If you deposit $1,000 and place five $200 wagers, you’ll only be eligible for a $200 bonus bet, and that bet credit can only be used on a singular wager. Risky.
How does the Caesars Sportsbook Welcome Offer rank?
The Caesars Sportsbook bonus is larger than most welcome offers. However, it’s debatable just how many new bettors are going to be in solid enough financial position to take full advantage of the offer.
The other facets of the sign-up bonus aren’t terrific, especially the fact that refunds are awarded as bonus bets instead of site credit.
Site credits allows bettors to break up their wagers how they choose and return the initial stake on winning bets. Most books don’t offer site credit, but the ones that do provide significantly more value to the bettor.
Considering this, we rank Caesars’ sign-up offer slightly above average. It’s certainly worth taking advantage of, just be aware that it’s a riskier proposition than it might initially appear.
Caesars Sportsbook States
- Arizona
- Colorado
- District of Columbia
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Nevada
- New Jersey
- New York
- Ohio
- Pennsylvania
- Tennessee
- Virginia
- West Virginia
- Wyoming
Caesars Sportsbook Deposit Options
Mike Murphy founded BettingBonuses.com to help bettors understand the terms and conditions associated with betting offers, bonuses, and promotions. Mike has worked in the regulated online betting industry since 2008.