Are you a Maryland bettor looking to maximize your signup bonus? Go no further. Here, you can find Maryland sportsbook deposit matches, as well as free bets and risk-free bets offered by Maryland sports betting operators. Claim the best bonus!
While we don’t yet know which Sports Betting brands will be offered once Maryland sports betting is approved, we can foresee all the major players being involved in Maryland sports betting. Indeed, there will be 60 Maryland sportsbook licenses up for grabs – almost three times as many as other states!
Governor Larry Hogan has signed off on legislation to officially legalize Maryland sports betting, and has recently encouraged Maryland legislators to move the process along! So, Maryland is trying to get the sports betting industry up and running as soon as possible!
With that in mind, here’s a look at some of the best-known Sportsbooks that will offer Maryland sports bettors free bets, risk-free bets, or deposit matches once Maryland gets to go-ahead for sports betting! Prepare now! Ready for fun? We are!
Maryland Sportsbook Deposit Matches & Expected Offers
|Sportsbook||Free Bets||Risk-Free Bets||Deposit Matches|
|DraftKings Maryland||$50 Free Bet upon Initial Deposit of $5 or more||20% Deposit match up to $1,000 (up to 5x playthrough)|
|FanDuel Maryland||$1,000 Risk-Free Bet (if bet loses, you receive betting credits equal to your initial wager)|
|BetMGM Maryland||$1,000 Risk-Free Bet|
|Caesars Sportsbook Maryland||$5,000 Risk-Free Bet|
|BetRivers Maryland||100% Deposit Match up to $250 (with 1x playthrough.) Every bet must be placed on odds -200 or longer|
|PointsBet Maryland||2 risk-free bets up to $2,000 (up to $500 on a fixed odds bet; up to $1,500 on a PointsBetting wager.)|
|Barstool Sportsbook Maryland||Risk-free bet up to $1,000 after making initial deposit (subject to 1x playthrough requirement)|
|WynnBet Maryland||$1,000 Risk-Free bet for new users|
|TwinSpires Maryland||Offering $200 in bonus money: $100 after each $400 wagered.|
Maryland Sportsbooks Free Bets
This is the DraftKings strategy, and it certainly appears to be the best way to attract brand-new Maryland sports bettors. So, in the case of DraftKings, you just need to make a small minimum deposit of $5 in order to receive your $50 free bet.
However, what is a ‘Free Bet’? As you see in the Deposit Match section, there are restrictions as to when and on whom sports bettors can place a free bet.
Odds on Free Bets
Odds are usually restricted to lines between -200 and +150 in order to prevent the bettor from taking an ‘easy win’ or conversely, rolling the dice to try to make a big score on a huge underdog.
Most free bets also come with an expiration date – seven or 14 days are common lengths of time in which the sports bettor can place the free bet, one granted.
Maryland Sports Betting Risk-free bets
This is the most common initial promo offer in most states, and it figures to be the same in Maryland sports betting. FanDuel’s approach is a $1,000 risk-free bet refund in the form of betting credits (rather than as a single or multiple free bets.)
The advantage is that you only wager these credits once in order to be eligible to withdraw.
Risk-free bets are give the new sports bettor an opportunity to grow their account without loss of funds.
For example, if you bet the $1,000 risk-free bet on an even-odds proposition and win, you’ll find $1,000 in your account once the wager is graded. Should you lose, that risk-free bet is refunded as additional free wagers, but in smaller increments.
BetMGM, Caesars offer new bettors lucrative risk-free wagers
By comparison, BetMGM offers a $1,000 risk-free bet that, if it loses, is refunded as multiple free bets. If a Maryland sports bettor places a $1,000 bet and loses at BetMGM, the bet will be refunded as five separate $200 free bets.
It’s a different strategy, but an attractive one for the experienced sports bettor.
The $5,000 free bet at Caesars Maryland Sportsbook is the largest in sports wagering and is particularly appealing to high-roller sports bettors.
Maryland Sportsbook Deposit Matches
These offers are chiefly attractive to long-term, experienced sports bettors. Those who plan to continue betting on sports for some time. However, these are quite attractive to casual sports bettors.
Example: DraftKings offers a 20% deposit match up to $1,000. So, if you deposit $1,000, they will add $200 to your deposit – but with a 5x playthrough.
This means you must wager five times your initial deposit – in this case, $5,000 – before the funds become eligible for withdraw.
This strategy benefits the sports bettor who plays consistently over long periods of time. Consequently, it’s a good strategy to take advantage of if you bet enough to reach that $5,000 threshold.
BetRivers’ sportsbook deposit matches appeals to novice sports bettors
On the other hand, BetRivers Maryland offers an appealing deal for the novice sports bettor. WIth BetRivers in Maryland, you quickly turn winnings into cash with a 100% deposit match up to $250 that requires only a 1x playthrough.
In other words, if you deposit $250, as soon as you’ve wagered that amount, your funds are eligible for withdraw. As explained in the Free Bet section, each wager must be placed on odds of -200 or longer.
However, that 1x play-through is flat-out terrific.
TwinSpires looks to attach experienced Maryland sports bettors
Lastly is the TwinSpires offer, perhaps the most unique. TwinSpires offers sports bettors up to $200 in free funds – but only after they’ve placed wagers equaling a pre-determined amount. In this case, it’s $400 each.
Once you’ve wagered $400 on TwinSpires, the site gives a free $100 to bet and the same after your next $400 in wagers.
So, it’s different, but again a solid offer for those looking to wager often.