Since hitting the Las Vegas scene in 2005, Wynn has become one of the more respected brands in retail gaming, offering what many players deem “a fairer experience” than other casino entities.
It hopes to translate its strong reputation to the online sphere, where it has launched online sports betting apps in multiple states and counting.
To entice players, WynnBet offers new registrants a $1,000 risk-free bet, which as we’ll see in the section below, is decent, but certainly not without its flaws.
WynnBet Promo Code: $1,000 Risk-Free Bet
- Promo code: None needed
- Eligible states: AZ, CO, IN, MI, NJ, TN, VA
- Bonus amount: Up to $1,000 awarded as a free bet
- Rollover requirements: None
Risk-free bet promotions are commonplace in the industry, and WynnBet doesn’t stray from tradition. Players who place their first real-money wager on the app will be entitled to a refund of up to $1,000, should their bet fall flat.
The refund is matched dollar-for-dollar against a player’s initial wager and is awarded as a single use free bet. Players have 10 days from the time of registering to make a first deposit of at least $20 and a qualifying wager of $20 to be eligible for the promotion. Any free bets issued must also be used within 10 days of issuance, or they’ll expire.
Only pre-match bets with odds between -150 and +10000 are eligible, and this applies to both the risk-free and free bet portions of the promo. In states where WynnBet also supports an online casino, players can only opt-in to one welcome offer, which means those who choose the risk-free bet won’t qualify for the app’s 100% match up to $1,000 casino bonus.
WynnBet Sign-Up Bonus: Pros
#1 High monetary cap
WynnBet scores a “Wynn” with its bonus cap, which clocks in at a meaty $1,000. It’s not the biggest bonus offer in the industry, but certainly ranks in the upper echelon.
#2 Earn Chips and Wynn Rewards
WynnBet has deep ties to its stellar Wynn Rewards program. Players can earn comp dollars for use at any Wynn establishment and will accrue both free play and tier credits by placing real-money bets on the app. Tier credits are applied to a bettor’s Wynn Rewards status, with higher tiers unlocking better rewards and amenities.
In addition, players will receive Chips on both their first deposit and on losing wagers. The earn rate on first deposits is 1 Chip per $1 deposited. Bettors can use chips to “Spin the Wheel” when placing parlay bets, affording them the opportunity to win profit boosts, insurance, and even comped stays at a Wynn resort. It’s an innovative new twist on loyalty, and we’re all for it.
# Plenty to wager on
For a newer online sportsbook, WynnBet offers an admirable number of bets. Along with traditional straight bets, its menu contains a good number of props, alternative lines, and futures.
WynnBet Bonus Offer: Cons
The sign-up bonus is riddled with restrictions. In-play bets aren’t eligible, and bets on most favorites (-150 and shorter) and heavy underdogs (+10000 or longer) won’t qualify.
The 10-day timetable to use the risk-free bet is tighter than what we’d expect, and WynnBet tends to be slow to reward its bonuses.
Beyond that, there’s the issue that plagues all risk-free promotions, and that’s if you win your initial wager, it’s like you never opted-in to the promotion. You get your winnings and nothing more.
WynnBet rewards its refund as a single use free bet, as most books do. The problem with this is two-fold. First off, players must spend the entire refund on one wager, which is a far riskier proposition than the verbiage “risk-free” implies.
Secondly, winning wagers made with free bets only return profits, not the initial stake. This encourages bettors to bet on underdogs, as the payoff will more than offset the loss of the free bet’s value. In other words, the best strategy is to take on even more risk!
Ranking the WynnBet Welcome Offer for new players
WynnBet’s sign-up offer is strictly average. It has many of the same characteristics of welcome packages offered by other books, without bringing much new to the table. The bonus cap of $1,000 is enticing, but the restrictions on what odds you can bet feel unnecessary.
We also would much prefer if the refund were issued as something other than a single serving free bet, as it forces bettors to plunk down their entire refund in one go. Not only that, but the only way bettors can retrieve their full first deposit is to win a bet with at least even odds. If you bet on a favorite with the free bet, you’re guaranteed to be down overall.
All of which is not to say bettors shouldn’t take advantage of the offer, as it offers significant value compared to no promotion at all. Let’s just say, given Wynn’s brand reputation, we expected a bit more.
Wes Burns co-founded BettingBonuses.com to help bettors clearly understand offers and promotions at legal online sportsbooks and betting sites. Wes has worked in the regulated online betting industry since 2008.