BetOnline’s Biggest Bonuses For May 2024

BetOnline is one of the leading online sportsbooks. One reason for that is they are NOT stingy with their free-play bonuses one bit. In fact, they’re one of the most charitable bookies around with a wealth of promotions constantly running, including this month. Stick with us because we’re about to share our favorite BetOnline deals for May 2024 — deals that can get you paid!

50% up to $1,000
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Sign Up For One Grand In Free Play

The best BetOnline promotion is reserved for new players of the site. Only first-timers can redeem BetOnline’s lucrative sign-up bonus, which as the headline said, reaches up to $1000 in free play.

Like any other welcome bonus, BetOnline’s works just about the same. A new bettor’s first deposit into the sportsbook will be matched in free play up to a certain percentage. At BetOnline, it’s a 50-percent match for up to $1000 in free play. Therefore, to max this deal out, a deposit of at least $2000 is required on the bettor’s end.

One disclaimer: don’t think you’ll be able to withdraw your free play right away. No, there’s no free-loading at BetOnline or any other bookmaker, for that matter. There’s a rollover requirement that has to be met before withdrawals are even possible. At BetOnline, it’s 10X. In other words, you have to wager your starting balance — the deposit and free play — ten times over to meet the requirement. It’s not a small ask, but a necessary one to ensure bettors have “skin in the game.”

Besides that caveat, the free play earned is yours to spend how you’d like on BetOnline. It immediately becomes accessible in your account. May is a sneaky good betting month with the postseason in NBA, NHL, and Champions League soccer all going, plus a regular dose of MLB and UFC too. With this bonus, bettors can chase wagers across these sports essentially risk-free, or at the very least, with minimal risk since you’re using “house money.”

Just make sure you use the right promo code — BET1000 — to redeem the deal. This code can be inputted when making your deposit. No code, no deal so don’t overlook this important detail.

50% up to $1,000
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Do This For A Risk-Free Parlay Bet

One of BetOnline’s crown jewel features is its props builder system. This thing is a monster, allowing bettors to easily make parlay tickets using all sorts of leagues and sports. Even better, your first attempt at using the BetOnline feature is risk-free.

Just place a $50 parlay ticket on the software. It doesn’t matter how big the parlay is or what you pick, the only thing that matters is the ticket price of at least $50. Once you do, you’ll have a safety net at BetOnline. If the parlay loses, the site will refund you the full $50 wagered. You win, you get no refund, but you keep the parlay earnings obviously. So in other words, you have nothing to lose off this promo.

We wish the $50 refund was automatic, but it’s not. You’ll have to email BetOnline — — with your account number and the losing ticket number. At that point, you’ll get the $50 refund within 24 hours. When we tried it (yes, we lost, but it happens), we got the refund within the hour.

Again, this deal is strictly on the first-ever parlay bet made on BetOnline. No “going for seconds”, unfortunately.

50% up to $1,000
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$10,000 Prediction Contests Live

These aren’t bonuses because money is far from guaranteed. No, you’ll actually have to earn this free play — and if you can, the rewards are massive. That’s because BetOnline is running two contests on big-time sporting events this month, the PGA championship and the Preakness Stakes. Both are rolling out $10,000 worth of prizes a piece.

So here’s how the contest works: you sign up for the contest BEFORE the event starts. You make your contest picks. For the Preakness, contestants have to choose the first and second finishers of the race. The PGA Championship is a little different. BetOnline has several different predictions that have to be made here, 10 choices in total.

With each contest, the $10,000 prize pool is split up — it’s not a winner-take-all thing. The top picker gets $500, then $300 for runner-up, and so on. In total, 500 contestants earn a share of the prize money. That’s 500 for each contest.

The best part? There’s no real sign-up fee to enter. For the PGA Championship contest, a bettor just needs to have made a deposit into BetOnline before and they can sign up to the contest for free. The Preakness contest does require bettors to have made at least a $10 bet on the event in the racebook, but that’s a pretty low fee anyway.

Get on these contests right away. The Preakness begins Saturday and PGA Championship is on Thursday so time is ticking. Don’t miss out on your share of ten grand — twenty grand if you count north together.

That’s all we have about BetOnline promotions. However, the betting site offers more than that, believe it or not. You’re going to want to read our newest BetOnline review to get the full details — it’s a must-read if you’ll be betting on the site.

Eric Uribe

Hailing from the US, Eric has channeled his passion for sports into a career in journalism. Building on his experience as a sports editor, he now focuses his expertise on reviewing sportsbook promos to find the best offers. With years covering sports from high school to the pros, he provides expert betting insights, especially fighting and football. When he's not giving advice, you'll find Eric at the sportsbook with a Red Bull vodka in hand, enjoying the thrill of the big game!

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