Online Sportsbook Bonuses In Iowa

With 19 live casinos in Iowa each allowed two online sportsbooks – the competition for your business is going to be fierce.

This puts sports betting fans in Iowa in an enviable position. Free bets, enhanced odds, matched welcome bonuses and loyalty schemes will be 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.

You’ll find out about the latest bonuses, promo codes and special deals at Iowa sports betting sites right here.

You will also find detailed information on how the different types of online sports betting bonuses work. This includes what to look out 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.

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Bonuses and Promo Codes for Live Sportsbooks in Iowa

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 Sportsbook

  • $25 no-deposit bonus upon signup
  • No promo code necessary
  • First wager is risk-free up to $500
  • Follow our links to activate these great deals
  • Registration: Visit one of the Wild Rose casinos in Clinton, Emmetsburg, and Jefferson

PointsBet Iowa

  • Bet $50, Get $150 Promo
  • Promo Code: PLAYNJ
  • Credited within 72 hours of completing your first $50 in wagers, no additional betting required
  • Registration: Must visit the Catfish Bend Casino in Burlington to complete registration.

Not all sportsbooks will use specific promo codes for their welcome bonuses – with many making these deals available for all new bettors. Below you will find out about the types of welcome bonus to expect, with ongoing offers and then loyalty schemes covered after that.

Types of Sportsbook Bonuses for New Bettors in Iowa

Before you sign up at a sportsbook, it is worthwhile comparing the sign-up bonuses in detail. While two books might appear to have identical (or close) deals, there can be big differences in the terms that make one offer a lot more difficult to clear than another.

First, here are the main types of welcome bonus offer to look out for – the factors to watch for when comparing them are expanded on below.

  • Free Bet Bonuses: You’ll find small bets with no deposit needed. This not only gives you a chance to win some money with zero risk – you’ll also be able to check out the platform / apps without needing to make a deposit. Free bets are usually small, $20 is common. You’ll need to bet quickly after registering and will have different levels of ‘play through’ on any winnings depending on the sportsbook.
  • Risk Free First Bet: You do need to deposit to take advantage of this bonus. You then place a bet up to $500 (though often smaller) which sees your stake returned if you lose. This effectively lets you gamble with the house’s money. Most risk-free first bet bonuses return your stake as a new bet (meaning they are not entirely risk-free). Sometimes, you’ll find deals which return your stake in cash if your selection loses – those are much better and worth looking out for.
  • Matched Welcome Bonuses: This is a common format, where the sportsbooks will match your first deposit with bonus bets, up to a specified amount. These offers are in the $50 to $500 range – though occasionally higher. Your bonus money will need to be wagered at least once, and sometimes as many as 20x before it can be withdrawn.

Terms to Look Out for in Iowa Sportsbook Welcome Bonuses

Within these general bonus offer categories, you’ll find a lot of variation in the terms. While the sportsbooks are not deliberately trying to mislead you, it can pay to 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:

  • Play-Through: This might also be called wager-through. It shows the number of times a bonus needs to be bet before it is ‘cleared’ into your regular cash balance, where it can be withdrawn. No book will have a zero play-through – as it would be possible simply to deposit and withdraw the extra cash right away. The best books have a 1x requirement, you bet the bonus at least once. Others will have between 5x and 20x. The rule of thumb here is; the lower the play-through, the better the bonus.
  • Time Allowed: This varies depending on the type of bonus. Free bets need to be settled within 7 days at many books (which effectively excludes futures bets). Matched bonuses and risk-free first bets usually have longer time-frames. 30 days is common, though 60 days+ can be found. If you bet small stakes, and want to take advantage of a bigger bonus, then check for books which give you longer time-frames.
  • Minimum Odds: It can be tempting to pick teams which are huge favorites to fulfil your wagering requirements. Many Iowa sportsbooks will stop this by adding a minimum odds requirement for bonus clearance. For example, many books won’t allow wagers of -200 or lower to count.

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 Bonuses in Iowa: Promos and Rewards for Regular Bettors

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:

  • Reload Bonuses: If you run out of cash, then a reload bonus can give you a boost on new deposits. These work in a similar way to the matched welcome bonuses. In general, the percentage matched will be lower. For example, a typical welcome bonus might be at 100%, while a reload bonus could be 50%.
  • Enhanced Odds: Big matches are often the target of special promotions where you get enhanced odds for certain types of bets. This can give your profits a big boost if you make the right bet. Some enhanced odds promos involve combining 2 or more matches into a single bet.
  • Insurance Promotions: Sportsbooks will offer bet insurance for parlays, and sometimes for specific matches where the results change in overtime. Parlay insurance returns your original stake if you lose a multi-match (often 5+) parlay by a single leg. Overtime insurance will also return your stake. There are many variations on the insurance theme. For example, your stake returned on a 0-0 draw in soccer for a high-profile match.
  • Picks / Leader Board Contests: Free to enter picks contests are an entertaining way to take advantage of some promotional cash from sportsbooks. Here you are picking the outcome of many fixtures, competing with other people at your betting site for a share of the prize pool. Leaderboards work on a weekly or monthly basis, with your picks or live bets compared to other bettors. This type of contest often requires opt-in.
  • Parlay Boosts: Some sportsbooks will give any parlays you land a boost. The amount of the boost will depend on how many legs your bet contained. If you won a 10+ leg parlay, you will already be celebrating, a boost of 50% (for example) could make that celebration even better.

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 play-offs / cup finals are a great time to check the sportsbooks for extra deals.

Iowa Sportsbook Bonuses: Loyalty Programs

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 Bet Rivers, ‘gamify’ their loyalty scheme. Here you’ll see a progress bar – and get to play bingo type games for additional rewards when you log on. This more social loyalty program includes a live feed where you’ll see the big wins of others betting at the site.

If you are a big bettor, then you might 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.

Tips for Getting the Best from Iowa Sportsbook Bonuses

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 5 key tips for maximizing your betting returns as the new sportsbooks appear:

  • Money / Deposit Method Management: You need to decide on how you’ll deposit and withdraw from the online sportsbooks. Credit cards, eWallets and bank transfers all work at Iowa sportsbooks. Set aside a portion of your betting bankroll to take advantage of bonus offers as they appear – withdrawing funds once the offer is cleared if needed. By having this available, you’ll be able to take advantage of the maximum number of deals, giving your overall betting bankroll a boost.
  • Check the Terms: Make it part of your routine to check the terms of each bonus offer before you accept it. This does not need to involve hours reading through legal-speak documents, a quick check for restrictions, time limits and play-though requirements will usually suffice. These checks will ensure you don’t get caught out taking a sportsbook bonus which was not as good as it first appeared.
  • Look Out for Launches: When a new sportsbook launches, they will often have extra promotions. Keeping track of the new books will ensure you are in the best position to take advantage of those big marketing budgets.
  • Bookmark the Promotions Pages: Before you place a bet at your regular sportsbook, have a check around the promo pages of all the Iowa betting sites. You never know when you’ll find an odds boost, insurance deal or other promo which applies to the bet you would have placed.
  • E-Mail Marketing: If you have not bet for a while at a specific book, you might find special offers appearing in your in-box. Make sure you opt-in to e-mails from all the sportsbooks (you can set up a fresh e-mail address for this if needed).

Wrapping Up: Understanding Bonus and Promotional Offers

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 play-though, 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.