The legalization of sports betting has been rapidly spreading across the United States, and the industry touched down in the state of Iowa officially in August 2019.
The Hawkeye State is one of the places that not only legalized and regulated sports betting, but also allows bettors to wager online. What makes Iowa different from states such as New Jersey, Pennsylvania, Indiana, Colorado (and others, however, is the fact that bettors must first register in-person in order to set up an account.
Luckily, all of that is about to change in January 2021 and players will be allowed to register for an online sportsbook account from a location of their choice. This means that bettors will not only be able to wager from a convenient location, but they'll also be able to claim one of the many excellent welcome bonuses that are offered as part of the registration process.
Iowa Sports Betting Bonus Codes
Bonus codes are a combination of letters provided by a sportsbook that can be entered while completing the signup process, which will trigger the welcome bonus that a specific site offers its new players.
These codes are a common way for prospective bettors to activate whichever bonus is offered by that specific site, and these are used in all states including Iowa.
The usage of Iowa sports betting bonus codes is one way to ensure that as a new player, you are getting the most for your investment when beginning your gambling journey in the Hawkeye State.
Iowa Sportsbook Promo Codes
Depending on which sportsbook a new player is signing up for, it's entirely possible that bonus codes are referred to as promo codes. Regardless of the exact verbiage used, the two perform the same function.
You only need one bonus or promo code, but not both. It should also be mentioned that not all Colorado betting sites require the use of a bonus code or a promo code.
At many sites, welcome offers can be claimed by clicking a link instead. On BonusSeeker, one of our 'Get Bonus' links will lead to the registration page and will also trigger the appropriate bonus.
No Deposit Bonus At IA Betting Sites
One of the popular welcome offers that new players will come across is a no deposit bonus, and it's a favorite among many bettors. The offer is exactly what the name suggests, as players will be given site credit just for creating an account without being required to make a deposit.
For example, DraftKings Sportsbook offers a $25 no deposit bonus as part of its bonus to new players. This means players have $25 in site credit to use anywhere on the site just for completing the registration process.
Iowa no deposit bonuses aren't usually for an incredibly high amount, but they do offer the opportunity to earn profits right off the bat without sacrificing any of the player's own money.
Are No Deposit Bonuses Free Money?
Claiming an Iowa sports betting no deposit bonus is the closest thing to free money that new players will be able to find when creating an account.
These bonuses aren't exactly the same as cash because they are offered in site credit and cannot be immediately withdrawn. But since the credit can be used in order to secure winnings, which can be withdrawn, they can be looked at as free currency on the site.
Keep in mind that when wagers are placed with site credit, winnings are returned to the account but the original site credit is not. Before any winnings can be withdrawn, wagering requirements need to be met, but we will get more into that below.
Sports Betting Deposit Bonuses
Another extremely well-known welcome offer is a deposit bonus, which involves the sportsbook matching a new player's initial investment in site credit up to a certain amount.
Some sportsbooks may not match it the entire way but many sites with this bonus do match 100 percent of the first deposit, which immediately doubles the amount of currency that is available to bettors.
For example, BetMGM offers IA sports betting deposit bonus of up to $500 as part of its welcome offer, and matches it the entire way. So if you invest $200, you get $200 more in site credit. If you deposit $500, you start with $1,000 in total after getting an additional $500 credit from the site.
Are Sportsbook Deposit Bonuses Worth It?
Yes. Not only are Iowa sports betting deposit bonuses worth it, but they may be the preferred welcome offer to receive. A deposit match bonus is a way to ensure having the most site currency possible to begin your journey with, and it opens up a great opportunity to net a profit from the start.
Sports Betting Risk Free Bets
One type of welcome offer that continues growing in popularity is the risk-bonus bet. This involves the sportsbook refunding a player's very first wager on the sportsbook, should it wind up in a loss.
Normally, a lost wager means lost money. But with a risk-bonus bet offer, sportsbooks are willing to match the amount of a player's initial loss up to a certain amount, as long as it's the very first wager placed after signing up.
How Does a Risk-Free Bet Work?
Risk-bonus bets are an incredibly easy welcome offer to claim, as all it requires is going through the natural progression of things. Once you create an account, make a deposit, and place your first bet, you're eligible to receive the risk-bonus bet, assuming you're playing on a site that offers one.
For example, FanDuel Sportsbook offers a $1,000 risk-bonus bet to new players. This means that you can wager any amount you like on your first bet and if you don't win, you will be provided with a refund in site credit for whatever amount your initial bet was for, up to $1,000.
IA Sportsbook Signup Bonus - How Does it Work?
Claiming a sportsbook bonus in Iowa, which will be possible beginning in January 2021, will be a simple process whether you use a bonus code, promo code, or click on a 'Get Bonus' link while registering.
Your first step is visiting the sportsbook of your choice and clicking on a button that says 'Sign Up', or 'Register', or something similar, which will be clearly visible on the homepage of the site. While filling out the required fields, players will be asked to
This will bring up the registration form that you need to fill out. You'll have to provide some basic details such as:
- Full Name
- Date Of Birth
- Email Address
- Residential Address
- Social Security Number (last four digits)
- Deposit Method/Banking Information
Players should make sure all of this information is accurate, and they can rest easy knowing that anything shared with the sportsbook is safe.
Sports Betting Wagering Requirements
The caveat that comes along with receiving a sports betting welcome bonus is meeting the wagering requirements, which let players know how much money in bets they'll need to risk in order to extract funds earned from the bonus.
The way sportsbooks award the bonus and which funds they use first will vary based on site, as will the exact wagering requirement. For these reasons, be sure to check the terms and conditions for the site you are signing up for. Most sites will have a requirement that ranges from 1x to 25x, with the lowest possible number being preferred.
EXAMPLE 1: At some online sportsbooks, the site credit awarded to a new player from a first deposit bonus is the first currency used when wagers are placed, before the money you deposited. In these cases, all funds in your account become eligible for withdrawal once the wagering requirement is met, including any winnings earned from bonus money.
Please keep in mind that for wagers placed with site credit, winnings will be returned to your account but the original wager amount will not.
EXAMPLE 2: Some sites may go a different route and use the player's deposited funds as the initial currency when wagers are first placed. In these cases, the wagering requirement must be met for the bonus money to be converted into withdrawable cash.
For the most part, only casual bettors need to be aware of the wagering requirement. Everyday bettors likely won't have much of an issue reaching even the loftiest requirements within a fairly short amount of time.
Other Iowa Sportsbook Bonuses
We've covered a few of the most common signup bonuses that new players can take advantage of, but there are others as well. You will probably come across bonus bets and reload bonus offers, which are mainly aimed at existing players.
Iowa Sportsbook Free Bets
Free bets are a promotion offered to existing customers, and they can be awarded in a variety of ways for a host of different reasons.
Sportsbooks may reward a player with bonus bets following a technical issue or inconvenience caused by the site, or for completing a specific mission offered by the site. There are also times when the sportsbook will hand out bonus bets as an incentive for players to keep wagering in the lead-up to a major sporting event such as March Madness, the Super Bowl, or a major golf tournament.
Free bets can be looked at similar to no deposit bonuses since it is essentially just free currency to be used on the site. but they are not awarded during the signup process.
Iowa Sports Betting Reload Bonuses
Reload bonuses are less common but still excellent to receive when they pop up. These are similar to no-deposit bonuses in that the site matches your investment, but they are offered to existing customers. These differ from deposit bonuses in that there likely won't be a 100 percent match, but even a partial match incentivizes players to make a deposit and keep betting.