Sports Betting is live in Kentucky! There are so many promos and bonuses being offered to new Kentucky sportsbooks users that it can be hard to keep them straight. We’ve covered the best Kentucky sports betting promo codes and bonuses, but we also want to help you maximize them. OddsShopper’s data scientists built the Free Bet Converter tool to figure out the best way to use sportsbooks bonuses to secure some cash. Let’s take a look at our Free Bet Converter to see exactly how to maximize your Kentucky promos and bonus codes from bet365, BetMGM, Caesars Sportsbook, DraftKings and FanDuel.
Maximize Kentucky Sports Betting Promos Using Free Bet Converter
The Best Way to Use a Free Bet
Not all free bets are created equal, and all of them come with their own set of rules. Luckily, you can take advantage of these rules to maximize your profit. Some of the most common stipulations on sportsbook promos have to do with when you can use them. They often can only be applied to your first bet. When that’s the case, you’ll want to wait for the perfect betting spot rather than firing that bullet immediately. There are also time limits to promos. Sportsbooks usually set the period for when you can use your promo bet to one week, so don’t let the opportunity pass by.
You might notice different terminology used by the Sportsbooks when referring to their promotions. Bonus bets, bets “on the house” and deposit match aren’t the same thing. A bonus bet means that if you place a bet and lose, you’ll get a second shot at a bet added to your account. Bonus bets aren’t always awarded as one bet and are sometimes broken into several. For example, if you take advantage of BetMGM’s $200 promo and you’re bet misses, you’ll be rewarded with four $50 bets rather than one $200 bonus.
When you get to bet on the house, the book sets a dollar amount that you can wager on any market. You’ll keep the winnings if it hits. Let’s say you placed $100 on Travis Kelce to score the first touchdown in a Kansas City Chiefs game at +175, then you’ll win $175 if it happens. But you wouldn’t get the $100 stake returned back to you if the bet lost. This knowledge will come in handy because it makes playing “+ money” bets the way to go on these sorts of promotions.
Deposit match bonuses are a third popular type of promotion that you’ll see in Kentucky sports betting promos. These are a bit more straightforward. The sportsbooks will match your deposit, up to a certain dollar amount. The only thing you’ll have to be mindful of is the “playthrough” amount. A “1x” playthrough means you’ll have to wager an equal amount to what you deposited in order to withdraw your winnings. 2x playthroughs require the bettor to wager twice the amount of their initial deposit.
With these basics in mind, let’s see how you can apply the bonuses using the Free Bet Converter tool. Whether you’re playing on bet365, BetMGM, Caesars Sportsbook, DraftKings and FanDuel there’s a way to maximize your profits.
Free Bet Converter: Maximizing Your Kentucky Promos & Bonuses
The books know that the easiest way for them to lose is if you bet both sides of a game. You can’t just take your free bet and place it on one side of a game and then use your own money to bet the other at the same sportsbook. But there’s nothing stopping you from playing both sides by using two sportsbooks.
Here’s an example from the Arizona Cardinals vs. San Francisco 49ers. If you took a $50 free bet at DraftKings and placed on the Cardinals 1st Half Moneyline at odds of +390, you could turn around and bet the 49ers 1st Half Moneyline at -450 for $195 at bet365. Notice what happens when you take both sides of this moneyline…
When the Cardinals win the first half, you win. And when the 49ers win, you also win. Those numbers won’t be as high as they would if you made a straight bet with the promo, but there’s also no risk.
The hardest part about maximizing your Kentucky promos and bonuses is finding the best bets to do it on. You probably weren’t thinking about how the first half of that game was going to unfold. That’s where the Free Bet Converter tool comes in. It combs the betting markets and uses our proprietary algorithm to identify the best bet you can make. And regardless of how much you’re betting or what type of promo, you can toggle the tool to make it work for you.
Here’s what the tool is identifying as the best bet to use your promo on at every new Kentucky sportsbook:
Bet365 Kentucky Bonus Code: Bet $1, Get $365 in in Bonus Bets
If you’re ready to get started on bet365, there’s a perfect way to use your money. The New England Patriots and Dallas Cowboys is the best game to maximize your profit on. Bet $100 bonus bet on the Patriots at +235 on bet365 and then lay $166.88 on the Cowboys over at FanDuel and you’ll lock in $68.12 no matter what happens!
Caesars Sportsbook Kentucky Promo Code: Bet $50, Get $250 in Bonus Bets
The Washington Commanders and Philadelphia Eagles have a big divisional matchup on Sunday. The moneyline is the perfect way to go if you’re looking to make some money on this game. Apply a $50 bonus bet at Caesars Sportsbook on the Commanders to win this one at +345 at Caesars. Then you can bet the Eagles to take care of business at -400 at BetMGM and you’ll cruise to a $34.50 profit no matter how the game shakes out. Rooting for Terry McLaurin? Rooting for Jalen Hurts? No problem!
BetMGM Kentucky Bonus Code: Get $1,500 Back or $200 in Bonus Bets
Those Cardinals and 49ers are coming up again and if you’re signing up for BetMGM, you’re in luck. Apply one of the $50 bonus bets on the Cardinals full game moneyline at +625. Then head over to bet365 and place $279.77 on the Eagles to maximize your earnings. You’ll lock in $32.73 no matter how the game goes. That’s a nice bit of extra cash to start using this football season.
DraftKings Kentucky Promo Code: Claim $200 in Bonus Bets
You can continue finding great spots on both sides of this game to lock in a profit using DraftKings. Use a $25 free bet on the Cardinals +390 and then head to bet365 to bet the Niners at -450. Stake $79.79 and you’re profiting $17.71 either way.
FanDuel Kentucky Promo Code: Bet $5, Get $200 in Bonus Bets OR No Sweat Bet Up to $5,000
Believe it or not, FanDuel is offering even bettor moneyline odds on the Cardinals. This is a great spot to lock in a profit. Grab the Cardinals at +730 on FanDuel and then -850 at bet365 and you’re on your way to securing $38.25, regardless of who wins the game!
Find more Kentucky Sports Betting Promo Codes & Bonuses
- bet365 Kentucky Bonus Code: Bet $1 and Get $365 in Bonus Bets!
- BetMGM Kentucky Bonus Code: Get Your First Bet Paid Back up to $1,500!
- Caesars Sportsbook Kentucky Promo Code: Bet $50 and Get $250 in Bonus Bets!
- DraftKings Kentucky Promo Code: Bet $5 and Get $200 in Bonus Bets Instantly!
- FanDuel Kentucky Promo Code: Bet $5, Get $200 in Bonus Bets or No Sweat Bet up to $5,000!
