Online Sportsbook Indiana

Indiana is now a full-service sports betting state. As of October, residents and visitors in the HoosierState can wager on sporting events at both retail and online sportsbooks.

About Indiana Sports Betting. Indiana became the 14th state to legalize sports betting on May 8, 2019 and officially went live on September 1, 2019. Anyone who is at least 21 years of age, has a valid United States Social Security Number and is physically within the state of Indiana can bet with DraftKings Sportsbook. BetRivers Sportsbook is live and taking online bets in Indiana. BetRivers is the online sports betting arm of Rush Street Interactive, which operates casinos and casino sites across the US. William Hill Indiana Sports Betting online. Sign up for William Hill in Indiana - America's #1 Sportsbook operator. Bet online on basketball, football, more.

Sports betting came to Indiana as a result of the passage of H 1015 in May 2019. Gov. Eric Holcomb’s signature made the bill the law of the land and set the stage for the current situation.

Indiana sports betting bonus codes

Indiana now has five operational online sportsbooks, all of which have special bonuses for new customers. Here are some of the best signup and first deposit deals on available.

Indiana online sports betting

Indiana’s online sportsbooks got off to a quick start. The first three launched in October 2019, just one month after retail sports betting began in the state. They were followed by a fourth before the year was out. The latest to launch, in February 2020, was BetMGM.

There are nine online sportsbooks in operation in Indiana today, listed here along with their land-based partners. More info about each can be found by following the link, and details on the partner casinos are given in the retail sports betting section below.

• BetMGM Sportsbook(Belterra)
• BetRivers Sportsbook(French Lick)
• DraftKings Sportsbook(Ameristar Casino Resort)
• FanDuel Sportsbook(Belterra)
• BetAmerica (Rising Star)
• PointsBet (Hollywood Casino Lawrenceburg)
• Caesars Sportsbook(Horseshoe Hammond)
• Unibet(Horseshoe Hammond)
  
• theScore Bet (Hollywood Casino Lawrenceburg)
• SBK (coming soon)

As time goes on, these operators may find themselves with plenty of competition. There are more than a dozen eligible casinos in the state and Indiana’s law allows each to have up to three online skins for sports betting. Theoretically, then, there could be up to around 40 online sportsbooks, though in practice the market probably won’t support more than 10 to 15 or so.

Indiana retail sports betting

At this point, nearly every one of Indiana’s land-based casinos has an active sportsbook. There are 15 sports betting facilities throughout the state, including four locations at off-track betting (OTB) shops.

Ameristar Casino Hotel East Chicago

Ameristar Casino is one of the first casino properties to open a sportsbook in Indiana. It did so on Sept. 1.

Ameristar’s sportsbook facility features five betting terminals for customers to use. There are also multiple high-definition televisions and a full-service bar.

The Chicago-area casino is also the land-based partner for one of Indiana’s two online sports betting sites, DraftKings Sportsbook. Indiana bettors can now wager through their browsers, Apple or Android devices.

Online partner: DraftKings

Belterra Casino Resort

Belterra Casino Resort is located on the Indiana side of the Ohio River, which forms the border between Indiana and the state of the same name. The casino property opened its sportsbook on Sept. 9. It represents the closest sports betting location to Cincinnati.

Belterra’s retail sportsbook operates in conjunction with FanDuel. The daily fantasy sports titan lent its brand to the new sportsbook, which maintains five cashier windows and 10 self-service kiosks for bettors.

FanDuel is also one of two online sportsbooks that operate on Belterra’s license. The other, BetMGM, launched for play in February 2020.

Online partners: FanDuel, BetMGM

Blue Chip Casino Hotel & Spa

Of the Chicago-area casinos, Blue Chip Casino is the most removed from the Windy City. It occupies an area along the southeastern shore of LakeMichigan.

Like Belterra, Blue Chip’s new sportsbook is functioning under the FanDuel banner. The 2,700-square-foot facility opened its doors to the public on Sept. 5.

FanDuel has already indicated that it will open an online sportsbook in Indiana sometime in 2019. However, its land-based partner for that endeavor remains unclear.

French Lick Resort Casino

French Lick Resort is located, unsurprisingly, in French Lick, IN. Patrons to its new sportsbook can note the oddity of wagering on sports in the hometown of basketball legend Larry Bird.

Nevertheless, the book opened for business on Sept. 6. Truthfully, the sportsbook is one of the more modest in the state, with standard seating and a few teller windows.

However, French Lick Resort is also the land-based partner for one of Indiana’s two online sportsbooks. Through a collaboration between the resort and parent company Rush Street Interactive, BetRiversSportsbook serves customers throughout the Hoosier State.

Online partner: BetRivers

Harrah’s Hoosier Park Racing & Casino

Harrah’s Hoosier Park is an Indianapolis-area casino property that offers casino gambling, horse racing and now, sports betting. The Book at Hoosier Park opened for business on Sept. 19.

Any member of the Caesars family is going to be well-appointed. Hoosier Park’s sportsbook doesn’t disappoint, with luxury seating and a high-definition video display that covers an entire wall.

A Caesars online sportsbook launch is imminent and expected before the end of 2019. While Hoosier Park is by no means the only Caesars property in Indiana, there’s no doubt that players will find numerous tie-ins at the Book.

Hollywood Casino & Hotel Lawrenceburg

The Hollywood Casino in Lawrenceburg is another Indiana casino, which closest major city is across a state line. The facility sits on the Indiana bank of the Ohio River, almost due west from nearby Cincinnati.

Since Sept. 7, Hollywood Casino Lawrenceburg has been the home of The Sportsbook at Hollywood Casino Lawrenceburg. The laid-back facility is more accurately described as a sports bar with betting kiosks, but it is a nice place to catch a game.

Hollywood Casino Lawrenceburg is owned and operated by Penn National Gaming and is a sister property to Ameristar East Chicago. It is partnered with PointsBet Sportsbook, the sixth online sportsbook to launch in Indiana.

Online partner: PointsBet Sportsbook

Horseshoe Hammond Casino

Horseshoe Hammond Casino is a Chicago-area property in northwestern Indiana and a member of the Caesars Entertainment group. The Book at Horseshoe Hammond is one of the largest sportsbooks in the state, with 10 teller windows and thousands of square feet set aside for sports bettors.

The Book went live on Sept. 4. It features 12 85-inch HDTVs and a large, high-resolution LED display wall.

Horseshoe Hammond will undoubtedly be one of the homes for Caesars Sportsbook online in Indiana. The mobile app should drop into the Hoosier State by the end of 2019.

Horseshoe Southern Indiana Hotel & Casino

The sister property to the Hammond location, Horseshoe Southern Indiana, draws much of its client base from nearby Kentucky, where Louisville sits just across the border.

The Book at Horseshoe Southern Indiana sits on Deck 2 of the riverboat. It opened for business on Sept. 12.

As with other Caesars’ properties, Horseshoe will likely share in advertising and promoting the upcoming online Caesars Sportsbook in Indiana. Its location means that there is a tremendous opportunity to capture sports betting action from Kentucky residents.

Indiana Grand Racing & Casino

Indiana Grand Racing & Casino is one of two casino facilities in the Indianapolis area. It was also one of the first locations to open a sportsbook, doing so on Sept. 1.

The Grand is also the hub for four off-track betting facilities, each of which offers sports betting. So, in effect, Indiana Grand has five sportsbooks under its umbrella.

As is the case with many of Indiana’s casinos, Indiana Grand is owned and operated by Caesars Entertainment. So, the upcoming Caesars Sportsbook will certainly be a point of focus for marketing and tie-ins at the Grand.

Majestic Star Casino

Majestic Star is not a single casino, but a pair of riverboat casinos located in the town of Gary and owned by Spectacle Entertainment. These will soon cease to exist, however. Indiana’s new gambling legislation included permission for Spectacle to transfer the two boats’ licenses to new operations using the Hard Rock brand. One will remain in Gary, but inland, while the other will be in Vigo County.

In the meantime, Spectacle has struck a partnership with USA Sports Gaming to form an independent sportsbook, BetIndiana. This will be a retail and online partnership, though the online launch has not happened yet.

Rising Star Casino

Rising Star Casino is located in the town of Rising Sun. Its retail sportsbook opened in November 2019, in partnership with BetAmerica. The two launched an online sportsbook under BetAmerica’s brand the following month. BetAmerica is itself a partnership between business-to-business gaming company SBTech and Churchill Downs, which owns multiple racetracks and casinos around the country.

Rising Star is owned by Full House Resorts, which has a total of five properties in four states. Two of these are in Nevada and already have their own sportsbooks, while Bronco Billy‘s in Colorado should have one soon, also in partnership with BetAmerica.

Online partner: BetAmerica

Tropicana Evansville

Tropicana Evansville is located in Evansville, IN, and thus, is the farthest southwest of any Indiana casino property. Along with strategic partner William Hill, the facility opened its doors for bettors on Sept. 12.

Area sports bettors will be pleased to know that the Trop has spared little expense in outfitting the new book. Among other things, there is a video wall that measures 16 feet wide and 9 feet tall, perfect for watching any game.

There’s no word about when William Hill will launch an online version of the sportsbook yet. However, given the sportsbook giant’s record elsewhere, a virtual presentation cannot be too far away.

Winner’s Circle

Winner’s Circle is not a single casino, but rather a trio of off-track betting facilities operated by Caesars Sports. They are located in Clarksville, Indianapolis and New Haven, and now offer sports as well as race betting.

Read more about legal sports betting

Indiana sports betting FAQ: 2020

Who regulates Indiana sports betting?

The Indiana Gaming Commission oversees all aspects of Indiana sports betting. Please direct any concerns to this agency.

Is sports betting legal in Indiana?

Yes. Indiana legalized sports betting in May 2019. The first retail sportsbooks opened in September that year, and online betting followed one month later.

Can I bet on sports online in Indiana?

Yes, there are now five online sportsbooks active in Indiana, and likely more on the way.

Do I have to go to a casino to sign up for Indiana online sports betting?

No, Indiana law does not require in-person registration. So, a visit to one of the sites is all that is necessary to get started.

Who can legally bet on sports in Indiana?

Any Indiana resident or visitor who is 21 or older can place wagers on sports.

Can I make deposits and cash out online?

Yes, both online sportsbooks in Indiana maintain multiple methods for players to move money into and out of their accounts.

What sports can I bet on in Indiana?

There are few restrictions on what sports are available for wagering in Indiana, including all the big ones like football, baseball and hockey, down to more niche sports like darts and snooker. The state law allows betting on both professional and collegiate sporting events.

There are only a couple of exceptions to the law. The first one is esports: Hoosier State gamblers cannot bet on the outcomes of these contests. No wagering of any kind is allowed on amateur athletes younger than 18 either. This rule is mostly common sense, and a version of it exists in every state with legal sports betting.

You can see the full list of approved Indiana sports betting events here.

What types of bets can I place in Indiana?

Indiana’s laws don’t place any particular restrictions on the types of wagers that can be made. Money lines, spreads and various kinds of props are all available. Betting on futures and parlays is also legal and available. Online sportsbooks often have a wider range of options than their land-based counterparts.

Is in-play betting available in Indiana?

Yes. Indiana online sportsbooks allow you to wager during the game, with lines and odds updated every few seconds based on the action.

What are the advantages to legal sports betting?

Prior to the legalization of sports betting in Indiana, those wishing to bet had to turn to illegal offshore sportsbooks. This is still the case in many states. Betting illegally carries many risks, however, and legal options are always better.

Here are some of the reasons to play on legal sportsbooks:

• These sportsbooks are subject to US laws, regulations and its legal system.
• American players have several methods of recourse in case of a dispute.
• A players’ deposited money is safe and secure.
• Money deposited is not being used to fund criminal enterprises or terrorism.
• Government oversight ensures that games are fair and not rigged.
• Transactions can occur much faster without having to travel across international lines.
• There are resources and features to assist players suffering from problem gambling.

How does Indiana tax sports betting?

As tax frameworks go, Indiana’s sports betting law designated a rate and fee structure that is quite reasonable. Unlike some states that have onerous requirements (like Pennsylvania), Indiana’s casinos have little in the way of complaint.

To apply for a license, the casino property must pay a $100,000 licensing fee. Then, each sportsbook must pay a $50,000 annual renewal fee to the state.

Once the license is granted, the state is entitled to 9.5% of the sportsbook’s adjusted gross revenue. Only currently active casinos in Indiana or two facilities under construction are eligible to apply.

Are daily fantasy sports (DFS) legal in Indiana?

Yes. In fact, Indiana is one of the few states to have legalized daily fantasy sports (DFS) play explicitly.

Then-Gov. Mike Pence signed S 339 back in 2016. As a result, almost every major DFS operator is free to do business in the Hoosier State.

Is horse betting legal in Indiana?

Yes, you can bet on races in Indiana both online and at retail racebooks.

Two horse tracks are offering live racing in Indiana, and they are near Indianapolis:

• Harrah’s Hoosier Park
• Indiana Grand

Additionally, most major horse betting sites allow wagering from the Hoosier State. Indiana residents who wish to bet on their computers or mobile devices should consider one of the following sites:

• TVG
• BetAmerica
• Twin Spires

The history of legal sports betting in Indiana

Indiana’s foray into legal sports betting came as a bit of a surprise. The Hoosier State was not especially vocal in its support for the issue prior to the bill’s passage. Perhaps Indiana’s legalization of daily fantasy sports — only the second state to do so — portended the state’s true feelings about wagering on sporting events.

Nevertheless, legal sports betting came to the Hoosier State by virtue of H 1015. The bipartisan bill made its way through both houses of Indiana’s legislature in late April 2019.

In early May, a signature from Gov. Eric Holcomb made the bill law. It authorized the state’s casinos to apply for licensure to operate retail and online sports betting operations.

In an interesting quirk, Majestic Star has been operating with two casino licenses rather than one, because the facility’s two boats each needed authorization. The move inland means that Majestic Star is going to surrender one of those permits.

The surrendered license already has a planned use. A new casino is going to appear in Terre Haute before long.

Sportsbooks maintain consistent profits by offering players less than true odds on their wagers. But the “juice” is small enough that a savvy player can find ways to temporarily turn the book’s advantage on its head.

One of the most effective ways to do this, that doesn’t require advanced statistical modeling, arbitrage or chasing stale lines, is by taking advantage of promotional offers.

Unfortunately, brick & mortar books don’t exactly offer tons of promos. Not so online, where players can find a wealth of lucrative promos that run the gamut from free bets to deposit matches and bet protection. With Indiana now offering online sports betting, players from the Hoosier State now have plentiful opportunities to claim these offers, and by extension, rake in some extra cash.

Read on to learn all about how Indiana online sports betting sites are weaving in bonus codes, promos, and welcome packages as part of their offerings, and learn how promos work and which ones provide the best value.

Best Indiana sportsbook bonuses

$2021 Risk-Free Bet

• Use Code: HSBRF
• Competitive Pricing
• Win Big on Player, Game Props
• Most Experienced Bookmaker

$600 Risk-Free Bet

• Use Code: HSB600
• Tons of Promotions
• Fast Withdrawals and Deposits
• Good Media Integrations

Up To $1000 Risk-Free Bet

• Best Odds, Prices in Industry
• Tons of Props on 16+ Sports
• Speedy Withdrawals, Deposits
• Smooth, Sleek Design

$250 Risk-Free Bet

• +$20 No Deposit Free Bets
• Build Your Own Parlay Boost
• PayPal, Visa, ACH Banking
• Play on iOS or Android

$250 Bonus

Gambling Problem? Call 1-800-9-WITH-IT. Playable only in Indiana. Must be 21+

• Easy to Obtain, Generous Bonus
• Simple Withdrawals, Deposits
• Unmatched Loyalty Program
• Excellent Teaser Pricing

What are promo codes are how are they beneficial?

Sometimes, in order to receive an offer, players must opt-in through the use of a special promo code (or bonus code). These typically take the form of a short word or phrase, and usually appear in all caps, “WELCOME50” or “BETNJ” being examples of what they might look like.

Sports betting promo codes are effectively coupons, except that instead of receiving a discount on a good or service, bettors win added monetary value. The most common use of a promo code is upon first registering for an online sportsbook. Most, if not all, books even integrate a promo code field into their registration forms. Here’s an example of one found at BetRivers, a legal online sportsbook in Indiana:

By entering a promo code at signup, players will earn one of the most valuable promotions they’ll ever receive at a sportsbook: the welcome package. This is often worth hundreds of dollars in added value, and should not be missed. Of course, players could just use a promo code provided by the online sportsbooks. However, our sites, and sites like this, are sometimes able to provide exclusive promo codes where the bonus amount exceeds that offered to the public.

One final note: Sometimes players looking for a bonus have an “either/or” option, meaning they can either use a promo code found on this site, or just sign up through one of the links found on this page, negating the need for a promo code. In either case, a first deposit will still generally be necessary for players to receive their full welcome package.

Indiana online sports betting bonuses: Who is eligible?

In any legal U.S. sports betting environment, there are eligibility parameters that must be adhered to, and the Indiana market is no exception. Luckily, they’re not too stringent.

Before receiving any sort of bonus in your account, you must successfully complete the registration process, and in order do so you must:

• Be of legal casino gambling age: In the state of Indiana, you must be at least 21 years of age to register an account. We do realize that most forms of gambling in the state, like pari-mutuel wagering, only ask that players be 18 years old, but sports betting is linked to the state’s casinos, and abide by the same age requirements.
• Prove your identity: Every account registration will be subject to a stringent verification check, put in place by the Indiana Gaming Commission. At minimum, this means supplying your full name, address, and the last four digits of your Social Security Number. If everything is in check, then your application will be approved and verified seconds after hitting “Submit”.

In addition to this, remember that in order to place wagers on a licensed Indiana online sportsbook, you must be physically located in the state of Indiana, and must be able to prove as much by having your location successfully geolocated via 4G or WiFi. That is not to say you have to be located in Indiana to register an account, check lines, or make a deposit — that can be done from anywhere.

Also, there is nothing in the law stating that players that don’t hold residence in Indiana are forbidden from using Indiana sites, meaning tourists to the state are free to place wagers, pending they meet the eligibility requirements.

What’s the catch with bonuses offered by IN online sportsbooks?

Just like any other for-profit operation, online sportsbooks are in the business of making money. So why would they throw hundreds of dollars at new players when it’s unknown if those players will stick around for more than a few bets?

In short, it’s a calculated risk that the books are willing to take. Remember, bonuses aren’t free money, so players can’t just claim the bonus and withdraw immediately. Instead, they’re going to have to give the book some action. How much action is dependent on the offer, with some books taking massive risks by enticing players with extremely easy to clear and lucrative offers, and others mitigating risk via more stringent terms and conditions.

The hope for the books is that you’ll sample the product, enjoy it and stick around long after your bonus funds are unlocked. Worst case scenario, the online sportsbooks now have you in their database and can market to you via email until you specifically tell them not to.

Therefore, promotional offers act as a sort of win-win for the operator and consumer. A real-life example: BetRivers in Indiana offers an extremely generous 100% match up to $250 to all new players with a scant 1x wagering requirement. The advantage for the operator is that it got a new player to sign up, which they can now market to via other, less lucrative (but still decent) offers in the future, and who might roll the dice on games regardless if there is a promo running or not.

On the flip side, players get the opportunity to turn the house edge on its head right out of the gate and will have ample opportunity to do so again throughout their life span on the book.

Indiana online sportsbook welcome bonus offers

We’re already seeing a variety of promotional offers on Indiana online sportsbooks, and based on what we’ve witnessed from similar (or equivalent) books in other markets, we can ascertain the full-breadth of welcome bonuses Indiana players can expect to see going forward.

Here’s what to expect, with an evaluation of how generous each offer type is:

No-deposit

No-deposit bonuses are the easiest bonus types to understand. They also incur the least amount of risk on the player since, as the name implies, bettors won’t have to make an upfront investment to claim this offer. The only requirement in most cases is that players successfully register an account with the online sportsbook. Do so, and the bonus is yours.

This is about as close to a handout as a bettor can expect. However, there are usually terms and conditions attached to no-deposit bonuses. For one, bettors simply cannot cash the funds out. Instead, they’ll have to use them on the site. More generous books will only require that players bet the no-deposit funds one-time before cashing out, others might require a 5x or 10x playthrough, or might insist that the funds not be cashed out until a qualifying deposit is made. As always, read the fine print.

Also, no-deposit bonuses tend to be much smaller than other bonus types, ranging from a few bucks up to about $30 – $50, with the higher sums usually attached to exclusive offers found on sites like this. No-deposit bonuses also expire, and often enough, the window for players to use these funds is smaller compared to other bonus types. Typically, players will have only about a week, but sometimes up to a month or longer to meet the wagering requirements of their bonus.

Regardless of the fine print, no-deposit bonuses should never be glossed over, as it’s impossible to lose money on them. Take advantage.

Free bets

Free bets are certainly one of the most common new player promos utilized by online sportsbooks, in Indiana and elsewhere. The concept is simple: bettors get to make a wager on the house, and any winnings from those wagers are immediately awarded as cash. Notice, we said “any winnings” as the original free bet amount is not cashable.

For instance, if a player is awarded a free bet of $200, and they wager it on Houston to win the World Series at +200, they would receive $400 for a winning wager, not $600 as if they used their own funds.

Free bets are handed out in a couple of different ways:

• Matched free bets: This one is common. A player will wager a certain amount, and receive a free bet of an equal or lesser amount. For instance, a promo might award a $500 free bet if the player places a $500 wager first. Look out for this very generous promotional type when a site first launches.
• No-deposit free bets: Instead of awarding players bonus funds for registering, an online sportsbook may offer players free bet wagers. They’re essentially the same thing, except free bets are almost always subject to just a 1x wagering requirement. No deposit bonuses could see 1x, but also 5x or more.
• Deposit matched free-bets: Similar to matched free bets, except the player receives a free bet just for registering. The amount of the free bet is usually low, since this option doesn’t require the bettor to make any upfront wagers.

Free bets usually have some restrictions affixed to them. Primarily, players may be forced to bet only on select markets at odds greater than -200 or -300 (+200 would be OK, -400 would not). Additionally, free bets usually have expiration dates. That being said, this is still one of the better promotion types from the player perspective.

Risk-free wagers

Risk-free wagers sound great, but they’re really just lesser versions of free bets. Unfortunately, as the legal U.S. industry matures, this promotional type is becoming more and more common, especially as part of new player packages.

How it works is players who make a deposit, and lose on their first wager, will receive a refund of the amount of their wager, up to a certain amount. So a $500 risk-free bet offer will award up to $500 if the bet loses. The problem here is apparent: Players who win their first bet don’t receive anything (beyond their winnings of course). This lies in stark contrast to free bets, where the bet is delivered win or loss.

Risk-free wagers are still decent, but they have about half the expectation of a similarly worded free bet.

Deposit matches

Deposit matches are exceedingly popular among online casinos and are gaining headwind in the online sports betting industry as well. How these work is relatively simple: Players deposit a certain amount of money, and the book matches this amount (either fully or partially) via a bonus.

Match bonuses are easy to recognize because they always follow a similar format of “x% up to $xxx”. For instance, if a book offers a 50% match up to $250, that means for every dollar players deposit, they’ll receive 50% of that as a bonus. So a $100 deposit will yield a $50 bonus, a $500 deposit a $250 bonus, and so forth. Note that because the bonus is capped at $250, $500 dollars is the optimal amount to deposit, as deposits above $500 will yield the same $250 bonus.

How good or bad a deposit match is depends on a variety of factors. Most important is the wagering requirement, which is the number of times a player must wager their bonus before it is converted to cash. For instance, a 1x wagering requirement, like the one offered by BetRivers Indiana, is awesome, because once the bonus is wagered one time ($250 in wagers on a $250 bonus), the money can be immediately withdrawn. By contrast, DraftKings imposes a hefty 25x playthrough requirement on its $1,000 match bonus, offered to new players. That’s rough.

Other factors to look out for are the match percentage, with the higher the percentage the better. The gold standard is usually between a 50 – 100% match, but some books have been known to go as high as 200%, and DraftKings Sportsbook has gone as low as 20%. The monetary cap is also important, with $500 being about average, and $1,000 exceptional. Also, be sure to check if there are expiration dates: deposit matches often expire after a certain period of time has elapsed — sometimes as short as a few days.

Super (duper) boosts

Every now and again, books will offer new players ridiculous odds on an event, like 100-1 on a team winning a game when the true odds are 1-1. Of course, the amount bettors can wager on these super boosts is usually limited to about $5, with winnings paid out in bonus wagers.

In the outlined scenario above, the new bettor will either win a $500 free bet or lose the initial $5. The pro is that players don’t have to make a big bet to claim a big bonus. The downside is that they’ll lose approximately half the time.

Breaking down promotions at IN online sports betting sites

In addition to welcome bonuses, Indiana online sportsbooks often offer recurring and one-off promotions to returning players. All of the promotional types utilized for welcome packages can also show up as returning player promos, as well as the following:

Cashback bonuses

This is a common one, and one loved by operators because it entices players to plunk down bets they might not otherwise make. It’s also a solid benefit for bettors, who have some insurance if they lose.

How this one works is the book will advertise a wager, encouraging players to make a particular bet, like who will win Game 3 of the World Series. If the bet wins, the player gets paid as usual. However, if it loses, they’ll receive a portion of their wager back as cash or a bonus bet. In this respect, cashback bonuses are pretty similar to risk-free bets, except that instead of getting 100% back (risk-free), only a portion of the losing wager is returned, say 20% or 50%.

Obviously, getting cash returned is better, but it’s more common to receive the funds as a bonus, which can be wagered on most events, and where only the winnings are returned to the player.

Discounted juice

Online Sportsbook Indiana Horse Racing

No one likes high vigs. Just the difference between a -110 and -115 line where the true odds are 50/50 can have a damaging impact on a player’s bankroll. Luckily, some books offer promos where they actually lower the juice. Sometimes, they won’t charge any juice at all.

Look out for this kind of promo during special events, like the kickoff of the NFL or NBA seasons, or even March Madness. If you see the point spreads and totals listed at -105 or +100, it means the book is actively pushing to get players to bet on these markets, and that’s good news for you.

Loyalty programs and VIP bonuses

The difference between a book that offers a loyalty or VIP program versus one that doesn’t can be monumental, especially for frequent players.

Take a site like BetRivers in Indiana for instance. Players earn iRush Rewards points simply for making sports bets, which can be exchanged for bonus money with a scant 1x wagering requirement. Not to mention, players that climb the loyalty tiers (also accomplished for placing wagers), will open up a bevy of goodies, including their own VIP manager, birthday gifts, special promotions, swag, free playing devices, and much more.

Another beautiful aspect of online sports betting loyalty programs is that they are often tied to brick & mortar accounts. So those points you earn for playing online? They can be spent at a partnering casino. Or the online sportsbook may simply offer to set you up with meals, entertainment packages, and rooms at one of its casino resorts, no questions asked.

Now compare this to a book that doesn’t offer a loyalty program, and it’s pretty evident how stark the difference is. That’s not to say all loyalty programs are as good as iRush Rewards, but even mediocre loyalty programs kickback about 10% of a bettor’s theoretical loss in cash, gifts, and other luxuries. Great ones may return as much as 40-50%.

Indiana offers a fair climate for sports betting operators, with very reasonable tax rates — so we expect books to respond by being more aggressive in their promotional offers and loyalty kickbacks.

Referral bonuses

Thanks to referral bonuses, players are incentivized to tell their friends about their favorite sportsbook. But telling them won’t be enough, as first, the referring player must already be signed up with the book. Then, the referred bettor can point back to the referrer’s username (or a uniquely generated code tied to that username) at the time they sign up.

Usually, both the referrer and referred played will receive modest bonuses in the vicinity of $20 – $50 once the process is complete, and any other terms & conditions have been met. As for those terms, the most common one is that the books may require both parties to place $x amount in wagers before receiving their referral bonus.

How to eliminate the house edge through bonuses at Indiana online sportsbooks

Online Sportsbook Indiana

• Read the fine print: Reading the terms is the single best way to determine if an offer is favorable or not. With the tips outlined in this guide, you should know exactly what to look for in terms of wagering requirements, restrictions, and other caveats tied to a bonus offer. For wagering requirements, a 20x turnover is OK, 10x is good, and 5x or lower is great. And remember, an offer with tons of fine print isn’t necessarily bad.
• Free bets are better than risk-free bets: A risk-free bet actually does carry some risk, in that the requirement for receiving it is to first lose money. On the contrary, free bets are awarded simply by placing wagers, or sometimes, for doing nothing. Free bets are the better choice. But in either case, remember that only the winnings from free bets, and not the initial bonus amount, will be allocated to your account if your bet hits.
• Don’t dally: All bonus offers come affixed with an expiration date, and these dates vary widely. By letting a bonus expire, you’re essentially burning money. If you don’t think you’ll have the time to fulfill a bonus requirement, you’re better off not opting in at all.
• Stack promos: Whenever possible, combine two or more promos together for maximum value. For instance, if an Indiana online sportsbook is offering -105 lines, and 50% insurance on an event, this is way more lucrative than either promo individually.
• Maximize value through research: Sometimes, a book will offer kickbacks based on a certain event happening. For instance, a promo may offer a $10 bonus for every home run an MLB team hits, in so long as you place a $50 money line wager on that team. In this case, it would benefit you to research stats like a team’s ability to hit home runs, how many home runs the opposing pitcher and bullpen give up, and whether the ballpark is pitcher or batter friendly. A little data mining can go a long way.
• Consult this website often for exclusive offers.

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The point is you don’t need to be a math wizard or rely on advanced data modeling to win at sports betting — cleverly harnessing promo codes, bonuses, and promos is enough on its own. Will you make a killing using this method? No, probably not. But it’s enough to at the very least ensure that you hold on to your bankroll for much longer than you would have otherwise.

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Let this site do some of the heavy lifting for you, by advising you frequently on promotional offers, but through our exclusive bonus codes and transparent Indiana sports betting site reviews.