Indiana Sportsbook Review & Bonus Code
Currently, online sports betting in Indiana is available through six platforms:
These are all excellent websites that are available across the USA. They are licensed and regulated by the Indiana Gaming Commission, so they are completely safe and reliable.
In many cases, IN sports fans bet on a randomly chosen platform. But did you know that the top betting sites give you welcome and loyalty bonuses? You’ll spend the same amount of money on betting, but you’ll get some credits to use on free bets. When you’re well-informed, it’s easier to make a better selection of a sports betting website.
Types of Indiana Sportsbook Bonuses
No deposit bonus
For this type of bonus, you don’t have to make a deposit. You just sign up for a profile as a new player, and you’ll see the free money available in your balance. Although it’s usually a bonus intended for new users, loyal players can get similar offers sometimes. With sportsbooks though, that rarely happens.
No-deposit bonuses are essentially free bet offers.
This is the most common type of bonus you can grab. When you make a bonus, the sportsbook will add more credits to your account, up to a certain percentage. For example, DraftKings gives you a deposit bonus of 20%, up to $500. Bet365 has a more favorable offer: it matches your deposit by 100%, up to $100.
So if you deposit $100, you’ll get a $20 bonus on DraftKings and a $100 bonus on Bet365. But be careful; the playthrough requirements make a big difference. We’ll talk about them a bit later.
Match bonuses are just another name for deposit bonuses. The sportsbook will match your deposit by a certain percentage, awarded in credits.
Reload bonuses are very similar to deposit bonuses, but they are intended for players who place their second, third, or any subsequent deposit. For example, the sportsbook may match your 10th deposit by 100%, or it may credit you a fixed amount of money (like $25) if you deposit at least $100.
How Do Bonuses Work?
There are a few things that Indiana sports bettors should know about bonuses before using them:
- If the sportsbook offers a bonus, it will be valid regardless of the banking method you use. You can use PayNearMe, PayPal, a card, or any other option that the website offers. You will still benefit from the offer.
- You won’t always get the maximum bonus. When new players see that a sportsbook gives up to $100 as a bonus, they tend to neglect the “up to” part. You should pay attention to the match percentage. A sportsbook may match your deposit by 20%, 100%, or any other percentage that will be clearly disclosed in the terms.
- Speaking of terms, each bonus program comes with special terms and conditions. Depending on the policies, you’ll be required to wager the amount of the bonus multiple times before you can withdraw your money. For example, DraftKings will release the bonus via 25-1 playthrough requirement. This means that for every $25 you wager, DraftKings will release $1 in your player account. The playthrough must be at odds of -300 or greater. That’s called a bonus drip schedule.
What Are No-Deposit Bonuses? Can You Win Real Money with Them?
This is the most beneficial type of bonus you can get from a sportsbook. You get free money to use for your bets. Yes; you can still win. But keep this to mind: some strings are attached. This is not actual money that you can withdraw via PayPal or another payment method. You’ll be required to play through the bonus amount several times (depending on the site’s policies) before you can withdraw money.
A no-deposit bonus is typical for online casinos. For example, a new gambler can claim $25 for free bets. Yes; they could still win money, but they will be required to play 25x through the bonus amount to get their money. The playthrough requirements differ from site to site, but they are usually high for no-deposit bonuses.
Currently, there are no best no deposit bonus offers for Indiana sportsbooks. We’ll have to wait for the launch of William Hill, Fox Bet, Bet365, and 888 to see if the improved competition will lead to at least one no-deposit bonus offer for sports bets.
What Are Free Cash Bonuses?
When you look at Indiana online sportsbook free bets, you mustn’t confuse them with free cash. This is not something you can withdraw to your account.
The platform may award credit to your balance, which you’ll need to use for betting. If you win money with this free credit, you won’t be able to withdraw it before you meet the playthrough requirement.
Wagering Requirements – Are Those a Trick?
We would all love for Indiana’s online gambling sites to give us free bets and cash out the money we win right away. But that’s not possible because the platform must always stay profitable. That’s a rule for all sites that offer gambling games. They will give you advantages, so you can bet with more money than you deposit. However, they will also impose terms on that bonus, so they will keep you betting for a bit longer before cashing you out.
Yes; it is possible to lose the money you win with your first deposit when trying to meet that playthrough policy. However, it’s also possible to win much more. Sports betting is mostly a matter of luck.
Deposit bonuses are great for low-volume players. They get something extra to their accounts, so they can create a more elaborate bet. But if you plan to deposit hundreds of dollars, the playthrough requirement will be huge. Let’s say there’s a 25x wagering requirement. If you get a bonus of $100, you’ll have to spend $2500 in bets before making a withdrawal. In that case, you might consider passing on the offer. Yes; you can do that. You do not have to accept a sportsbook’s bonus if you don’t want to.
How to Bet with Bonuses on Mobile Applications
If you use an app, you will still get the instant play bonus or loyalty offer that’s active through the desktop site. At the moment, Indiana’s sportsbooks do not offer special bonuses through their mobile apps, but they also don’t limit the offer.
We recommend you to read the reviews on our site, so you’ll get the online sportsbook bonus codes if applicable. Some platforms require you to use a code, and others will only ask you to agree to get a bonus.
Is It Better to Get $5, $10, $15 or $20 Free?
The welcome bonus is always more attractive when it’s bigger. Players are triggered to deposit more money the first time, so they would get a higher amount in free credits. For example, if the match bonus is 20% of your bonus, it means that you’ll get $5 if you deposit $25. To get $20, you’ll have to deposit $100.
The playthrough requirements are not linked to your deposit; they are only attached to the free credits. If there’s a 25x wagering requirement, you’ll have to wager $125 for the $5 bonus and $500 for the $20 bonus.
Depending on the bets you make, you can still win and withdraw money. But you have to know the math before making a deposit and agreeing to a bonus.
What’s the Sportsbook’s House Edge?
The house edge is the potential for the sportsbooks to make profit from the wagers that it processes. After collecting the bets and paying out the winnings, the platform should be left with profit that covers its operational expenses.
In the slang of sportsbook, the house edge is called the juice, cut, vigorish, or vig. It’s a fee that you play for the opportunity to place a bet.
The vigorish depends on the type of bet you place. The typical math is 10% vig on straight sports bets. For each $100 it pays out, the bookie wants to make $110.
For example, to win $100, the bookie will ask you to wager $110. If two bettors make their predictions, the pool will be $220. The one who wins will get $210, and the other one gets nothing. This leaves the sportsbook with juice of $10.
What Are Odds Boosts?
An odds boost is even better than a classic bonus. The sportsbook gives you better odds on a couple of different wagers, so you can win more money with the same amount you bet. For example, sportsbooks often increase the payout for totals, point spreads, or money line bets on a particular game.
Since sports betting is still new for Indiana gamblers, the bookies are ready to give up on some of their vig on specific wagers, so they can attract more players to try their platforms.
What About Loyalty and Rewards Programs?
Loyalty schemes are not that common with sports betting. After benefiting from sportsbook deposit bonuses, you’ll continue betting with your own money.
However, some sportsbooks step out of the box. FanDuel, for example, has a great referral program. If you refer a friend, you get up to $500 of risk-free play within 24 hours. If you bet and you lose during that period of time, the bookie will refund the losses in credit, which you can use to make other bets.
DraftKings gives out cash prizes for the best bettors on the leaderboard.
As you can see, these are not your standard loyalty bonuses as the ones we see in casinos.
Conclusion: Indiana Sportsbook Bonuses Are a Good Thing!
Let’s be honest: who doesn’t love bonuses for online gambling games? As long as you understand the terms, you’ll benefit from the extra credit in your balance.
But in some cases, the wagering requirement is too high and it makes the bonus obsolete. That’s why it’s important to read reviews and check out the terms before accepting the offer.
Don’t forget to read out detailed reviews on the best sportsbooks in Indiana for a great betting experience: