Bet $1 To Win $100 Promo | How Does It Work?

Bet $1 To Win $100 Promo | How Does It Work?

Take advantage of Bet $1 Win $100 new customer promos at online sportsbooks whenever you can!

Have you ever come across a Bet $1 To Win $100 promo at a sports betting site? It's becoming one of the most popular new user promotions that we see most often at BetMGM Sportsbook, along with DraftKings Sportsbook and FanDuel Sportsbook at times. The reason this has grown in popularity is it's usually a very easy promo to win!

In this article, we'll talk about how Bet $1 To Win $100 promotions work, including any tips or tricks you could use to your advantage to ensure you score that $100 in the end.

Overall, these types of new customer promotions are too good to pass up when you can get them.

How Does The Bet $1 To Win $100 Promo Work?

Depending on the sportsbook that offers it, the Bet $1 Win $100 promos can be one of the easiest bonuses to utilize to your advantage. No matter who offers it, the way it works is usually the same:

  • You must be a new customer at the sportsbook that offers it
  • You cannot use it with any other signup offer you may receive
  • You must make your first deposit in order to wager $1 on the promo

In the case of BetMGM, the Bet $1 Win $100 promo means you'll bet $1 on a certain market and receive $100 in free bets in return when it hits. We say "when it hits" because BetMGM usually has it centered around an activity that is most assuredly going to happen.

Bet $1 To Win $100 Bet Promo | How Does It Work?

Take the BetMGM Bet $1 Win $100 Sunday Football promo currently available. Bet $1 that day and you'll win $100 in free bets if ANY team scores a touchdown that day. This is also true with its BetMGM Thursday Night Football promo that gives you $100 in free bets when you bet $1 on TNF.

At FanDuel and DraftKings, they sometimes offer a Bet $1 Win $100 in cash promo that has you bet $1 on a specific team. If that team wins, you'll win $100 in cash. This is nice because it pays out in withdrawable cash for just $1, but it's harder to be successful because you still have to choose a team.

Things To Avoid Or Keep In Mind

Some may wonder, "what's the catch?" when it comes to these Bet $1 Win $100 promos, as it may seem too good to be true.

When it comes to welcome offers from sportsbooks, it's all about giving you an incentive to enjoy as a new customer, and these are no different. Whether you're getting $100 in free bets from BetMGM or using your expertise at FanDuel or DraftKings to turn $1 into $100 cash, these are achievable incentives that can only help you out.

Since the bet $1 win $100 cash promos come up often, you may want to wait for action that is a lot more lopsided than others.

For example, FanDuel has a bet $1 win $100 promo for the Thursday Night Football matchup between the Packers and 49ers here, in which the Packers are heavy favorites since the Niners are banged up. This is a perfect time to bet $1 on the Packers, receive +10000 odds, and get your $100 in cash!

The BetMGM ones where you easily qualify for $100 in free bets are no-brainers and can be used on Thursday Night or on NFL Sundays.

Since you're receiving free bet credit, there is a wagering requirement attached to it before you can withdraw it as cash. You simply need to bet it again on anything you choose at BetMGM Sportsbook and you'll be able to keep your winnings.

Bet $1 To Win $100

The most common Bet $1 Win $100 promos are found at BetMGM Sportsbook. Each week, they have at least two promos that new customers can use to gain free bet credit: Thursday nights and Sundays.

The rules are pretty simple to qualify:

  1. Start here by signing up with either the Thursday night promo or the Sunday NFL promo.
  2. After signing up, take advantage of the first deposit bonus match of up to $500 using code BONUSSEEKER1.
  3. For your first wager, use $1 of that for these Bet $1 Win $100 promos. You can only do it once, so make it count!
  4. BetMGM has it set up where if anyone scores a touchdown that day, you'll win $100. So chances are, you'll receive the $100 in free bets for just $1!

When FanDuel has this promo, it's slightly different since you have to pick a team and if you win, you'll win $100 in cash:

  1. Start by signing up for FanDuel Sportsbook.
  2. FanDuel usually only has this promo available via the app, so install the FanDuel Sportsbook app and log in with your credentials.
  3. You'll find the Bet $1 Win $100 market on the home screen. Make a deposit and bet $1 on the team you think will win.
  4. If they win, $100 in withdrawable cash will be added to your account.

Please note that if you do go with this promo, you will not be eligible for the FanDuel risk-free bet welcome offer. Conversely, if you've already used the FanDuel risk-free offer, you won't be able to qualify for the Bet $1 Win $100 promo.

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About
Joseph Kata

Joseph is a Content Specialist at BonusSeeker, having previously worked as a Senior Site Manager for MLB and NHL.com. Over the last 15 years, he has written for sports, betting, real estate, and dating sites. He enjoys participating in his two greatest passions: loving his family and informative writing.

MLB.com, MiLB.com, NHL.com, PWTorch.com

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