With 19 Iowa casinos, and each allowed two online sportsbooks, the competition for your business is fierce. This puts sports betting fans in Iowa in an enviable position. Free bets, enhanced odds, matched welcome bonuses and regular sportsbook promotions are on offer.
With some smart money management and a solid understanding of how these bonuses work, you can build yourself a big bankroll with only a small investment.
This page provides you with the latest betting bonuses, promo codes and deals at Iowa sports betting sites here at PlayIA. We also have info on how the various online sports betting bonuses work. This includes what to look for in the terms and conditions — after all, the small print can turn what seems like a great bonus into one that is difficult to take advantage of.
You can currently bet at several online sportsbooks in Iowa. The two top sites in the state, at this point, are DraftKings Sportsbook and PointsBet Iowa. You’ll find a summary of their welcome bonus deals, along with promotional codes, below:
DraftKings Iowa Sportsbook
PointsBet Iowa Sportsbook
BetMGM Iowa Sportsbook
FanDuel Iowa Sportsbook
Betfred Sports IA
BetRivers Iowa Sportsbook
William Hill IA Sportsbook
Hard Rock Sportsbook
Not all sportsbooks will use specific promo codes for their welcome bonuses – with many making these deals available for all new bettors. Many of them will offer you free bets, and despite their simple name, we should discuss all the ins and outs of these types of rewards.
One common type of sportsbook bonus that you’ll encounter is the free bet bonus. Free bets are, more or less, what you’d expect them to be. They are vouchers to place a bet of a specified amount.
Sportsbooks will typically offer them in exchange for something. The book may want you to register, deposit or simply to place a certain bet.
One of the nice things about free bet bonuses is that they are one of the few win-win situations in sports betting. While you get the opportunity to place a bet at no cost and (maybe) make some money, the sportsbook has the chance to impress you and (hopefully) gain you as a customer.
Claiming a free bet depends entirely on the language of the offer. In some cases, you’ll get the free bet as a sort of gratuity or immediate benefit. For other promotions, you’ll have to satisfy certain conditions to get the free bet released to you.
Typical situations that may come with a free bet include:
Once you have the free bet bonus in hand, you’ll obviously want to use it. The first thing to understand is that free bets are not divisible or bankable in any way.
In other words, you must use the full value of the bet. If you try to parcel up the value of the free bet, it likely won’t work. Even if you do manage to bet for less than the full value, you’ll simply forfeit the remainder. So, there’s no need to try and play conservatively with a free bet.
It’s possible that the bonus may be limited in terms of the bets you can take, too. Depending on the language in the terms and conditions, you may find that you cannot wager on overwhelming favorites, for instance. This kind of restriction is not universal, of course, but it’s good to be aware that it may be present.
After you place the bet, the wager will either win or lose, of course. If it loses, then there’s no harm, no foul to you. However, if it wins, you may be surprised about the amount of money that you get back.
With normal winning sports bets, you get both your profit and the value of your stake in return when you win. So, if you bet $200 to win $100, your total payout would be $300.
However, with free bets, the sportsbook does not return the value of the free bet to you after the bet is complete. In the example above, your payout would only be the $100 profit.
It’s still nice to win money, but you’re just getting the white meat with a free bet.
With any type of bonus, it pays to read the fine print. While the sportsbooks are not deliberately trying to mislead you, you should always click the links that say ‘see terms’ alongside the bonus offers. As you’ll see below, some deals are a lot better than others.
Here are the key terms to look for when comparing online sportsbook bonus deals in Iowa:
While these are the three biggest factors, there might also be restrictions on the types of bet you can place. This can include excluding certain sports, prop bets or multiples.
On the positive side, you might find extra welcome bonus offers at some sportsbooks to encourage you to start betting on your mobile devise or on their in-play betting section.
Ongoing promos show bigger differences between online sportsbooks than the welcome bonuses do. Some books will stick to tried and trusted odds boosts and insurance offers, while others will come up with fresh promotions on a regular basis.
These ongoing sportsbook bonuses will make a bigger difference to you financially over the long term than the short-lived welcome offers do. It can pay to bookmark the promotions page of all the betting sites.
You can check them all before you place your bets on match-day. You never know when you might find offers linked to exactly the matches you were going to bet on.
Just like with the welcome bonuses, the real value of these promotions can be seen via the terms and conditions. Here are the main types of promotion:
Other promotions include wheel-of-fortune type spins, which give out betting credits or cash bonuses. In other states there are also cross-over promotions. With no casino or poker games online in Iowa at the moment, we’d need to wait for future legislation for this to happen.
Promotions tend to hit a peak with the big sporting events. March Madness, the Super Bowl, World Series and Stanley Cup finals are a great time to check the sportsbooks for extra deals.
The final part of the benefits offered at Iowa’s new online sportsbooks are loyalty rewards. This is also the area with the most diversity. Some books will tie their loyalty programs into their existing (live) casino comp schemes. Others will create complex schemes with multiple levels, while others will have flat cash-back type schemes instead.
To get the most from multi-level schemes, you need to dedicate a large part of your betting to a single site. While the rewards for getting to “VIP” level can be big, these do need to be balanced by many other factors.
For example, if the odds offered for your preferred leagues are better at another book, then playing somewhere just for the loyalty scheme could cost you money over time, however good the rewards. This also ties in with the other types of bonuses and promotional offers covered above.
Schemes which tie in with live casinos might offer you resort credit and free room nights at casinos around the country. Again, you need to balance this with betting bonuses and other online rewards before you decide which is the best for you.
Some sportsbooks, for example, BetRivers will “gamify” its loyalty scheme and use a progress bar. This social loyalty program includes a live feed where you’ll see the big wins of others who are betting at the site.
If you are a big bettor, then you could be eligible for a host and true VIP status. Look out for tailored bonuses, expedited deposits and even events like comps for major sporting events once you reach the top level.
You’ll already be ahead of most Iowans when it comes to taking advantage of sportsbook bonuses after reading the information above. This section gives you five key tips for maximizing your betting returns as the new sportsbooks appear:
With so many online sportsbooks launching, there has never been a better time to take advantage of bonuses and promotional offers. The books will be looking to get their apps downloaded and become the go-to site for bettors ahead of the competition.
By taking a practical, methodological approach to these bonuses, you can give your betting bankroll a welcome boost.
Free bet offers are a great starting point. These tend to be on the small side, though are completely risk-free. The bigger welcome bonuses come in the form of risk-free bets or matched welcome offers.
These bonuses will only last for a short while. Fortunately, there are plenty of deals which can keep you topped up over the long-term. These include promos like reloads, odds boosts and insurance – and loyalty programs. There is a lot of difference in both the number and the quality of the promotions on offer at the different Iowa sportsbooks.
Reading the terms is a must for profiting from sportsbook bonuses. There is often a lot of variation in playthrough and restrictions on the odds for this.
While bonuses are always welcome, the key to successful betting over the long-term is to find value. At the same time as you work through the bonus offers, take a look at which sportsbooks regularly have the best odds on sports you bet on.