How To Make The Most of Football Betting Promo Codes - NFL 2022 Regular Season

There’s no better time than the start of the NFL season to open a new sportsbook account. And with the 2022 NFL Regular Season kicking off on Thursday, September 8th, you might be looking for the best football betting promo codes for your first sportsbook account, or to add to the ones you have.

So we did a round-up of the best football betting promo codes available now outlining the best football betting offers. Read the full article for NFL betting promo strategies and how to avoid the most common mistakes. 

This article is packed with insights to help your NFL betting bankroll.

NFL Promotions: 

Our Selection of The Best  Football Betting Promo Codes

BetRivers are also running a $500,000 NFL Same-Game Parlay contest to celebrate the return of the NFL season. This will run from September 8th to January 9th. 

Here are the key terms of the contest and how to opt-in:

• Place real-money SGPs (Not sure what they are? Check out our SGP guide) with a minimum of 3 legs and a minimum $10 stake on NFL games during the promotional period. Min. odds of -200 per leg.
  
• Winning SGPs will score points on the leaderboard following this formula: number of legs * bet stake. A winning $10 3-leg same-game parlay would score you 30 points.
• Every week, the top 200 players will receive prizes in free bets with $1,000 reserved for the top spot
• At the end of the contest, the top 2000 players will win free bets with $25,000 reserved for the top spot
• Available in: AZ/CO/CT*/IL/IN/IA/LA/MI/NJ/NY/ON/PA/VA/WV

*BetRivers is live in CT through its sister brand PlaySugarhouse.

NFL Betting Strategies to Turn Bonuses into Profit

What's the best strategy for getting the most out of these football bet offers? All the NFL promos from our list are either risk-free bets or free bets. Here's how you can make the most of these types of NFL promotions.

Free Bet on Football

The optimal strategy for NFL free bets ($150 from FanDuel) is to simply wager them on long odds. Now that doesn’t guarantee you a profit for any one bet, but doing it consistently over the long run will ensure you get the most bang for your free buck (bet).

The rationale here is that winnings are not included in free bet returns - if you wager a free bet on +200 you are essentially getting +100 odds. Therefore shorter odds have a lower Expected Value.

Here are a few examples to make things easier for you:

Example 1: You place a $100 free bet on a +250 underdog. You stand to get back $250 if it wins, and you can expect the bet to land 28.57% of the time. The EV here is $250 * 0.2857 = $71.42.

We've previously done a guide on calculating EV for bettors looking to make the most of their bankroll and become successful sports bettors, it's worth checking out. 

Example 2: What about a +500 underdog with the same $100 free bet? You stand to make $500 if it wins, and the bet will land 16.67% of the time. The EV here is $500 * 0.1667 = $83.35.

See how backing the long odds in the second example gives you a higher potential return in the long run.  

Key takeaway: The optimal play is to place your free bets on longer odds to ensure you get the highest EV. You will want to have several sportsbook accounts to ensure you get enough free bets to generate returns, creating a checklist of registered sportsbooks is a great way to take full advantage of all NFL betting promos.

Risk-free bet on Football 

Place your first bet up to the specified value ($1,250 in Caesars' case). If it loses, you'll get the money back as free bets. The Expected Value (EV) depends on how you approach the bets. 

Essentially, this is an insurance offer where you get two shots at the pot. The best thing to do is bet the initial wager on a long shot. If the bet loses, you have two options, depending on the promo mechanic:

• If you get refunded in cash, you use the refund as usual. That was the promo for you, sorry.
• If you get refunded in free bets, the best thing to do is wager it again on longer odds.

Note that you can always hedge bets, but those are not the optimal plays as you leave value on the table. Still, following the optimal strategy means that you can often blow up your bonus, and it only pays if you follow this strategy across several sportsbooks.

Here is how you calculate risk-free bets EV if you bet on a two-sided bet:

• Promo: $1,000 Risk-Free Bet
• Odds: -110
• Vig: 4.5%
• Winning probability: 50%
• EV = 50% (winning probability) * $910 (vig-free stake) = $455

The Top NFL Football Betting Promotions: 

Here are our recommended football betting promos for the 2022 NFL season:

Caesars Betting Promo Explained

If your first bet is marked as a loss, you get 14 days to use your risk-free bet from Caesars before it expires. It might be worth putting a reminder on your calendar, so you don't leave money on the table. You must place an initial bet of $10 to qualify for the offer.

That's not all. No matter the outcome, win or lose, you'll receive 1,000 Reward Credits® and 1,000 Tier Credits. In addition to a strong sportsbook promo, you'll be able to enjoy great entertainment options at over 50 Caesars Rewards destinations. Including hotels, dining experiences, shopping benefits, and other entertainment benefits. More information regarding Caesars' Rewards can be found here.

Other significant bits of the offer is that the free bet isn't broken down into smaller bets and that the wagering requirements are just 1x. That's pretty user-friendly, and it helped Caesars score a solid 86 (out of 100) on the OddsIndex bonus rating system.

FanDuel Betting Promo Explained

The standard FanDuel sign-up bonus is a free bet up to $150 when players place their first $5 bet, no matter whether they win or lose. 

The promo code is available in all states and the rollover requirements are just 1x.

The critical thing is that the free bets offer expires on September 12th, so make sure you take advantage of that before.

PointsBet Betting Promo Explained

The PointsBet promo is one of the best and most unique sign-up bonuses on the market. If you sign-up using the link above and the exclusive PointsBet promo code ODDSPB, you'll get your first two bets risk-free up to $2,000. 

How does that work? The PointsBet sign-up bonus gives you up to $500 back in free bet credits if your first fixed odds wager loses - that's PointsBet lingo for regular bets.

On top of that, you can get up to $1,500 back in free bet credits for your first PointsBetting Wager.

How do Football Betting Promo Codes Work?

It’s easy to redeem the football betting promo codes:

Step 1: First, you need to register for a new account by following one of the links above. You’ll need to add some personal information then to verify your identity and age. 

Step 2: Make sure you entered any exclusive promo code you might have.

Step 3: Finish registration and add funds to your account using one of the deposit methods. Check again the T&Cs of the promo to ensure you hit the minimum deposit threshold. 

Step 4: Use your promo and start betting.

Common Mistakes to Avoid

Here is a list of the most common football betting promo mistakes from the OddsIndex staff. We already got burned by them, so there's no reason you should too.

• Payment method restrictions. Some sportsbooks may have these restrictions buried in the T&Cs. You should generally be fine if you stick to using cards, online banking, and PayPal.
• Not maximizing the bonus value. This can happen if you don't max out on the promo - let's say you only deposit $10 and get a $10 deposit bonus. But if you had deposited $100, you would have gotten a $100 deposit bonus. 
• Depositing or betting less than the minimum amount required. For instance, if a promo requires you to deposit at least $20, and you deposit $10, you will miss out on it. 
• Overlooking minimum odds requirements. Some promos have a minimum odds threshold - make sure you check it. Otherwise, you will lose out on the promo. 
• Not fulfilling rollover conditions. Let's say you need to wager a bonus 3x to convert it into cash within 30 days. If you don't do that, you will lose your bonus. It ties in a bit to the first bullet point.
• Betting the wrong markets or sports. This is less common, but some sportsbooks will exclude certain sports or markets.
• Letting free bets or bonuses expire. Check the expiry date and make sure you use them by then. 
• Chasing loses. This is quite simple but a good reminder. Sometimes, bets don't come in - it's good not to let them tilt you. 

What are the most common types of Betting Promos?

Deposit bonuses

A deposit bonus is an attractive incentive for a new player. Generally, you’d get your deposit matched with bet credits which can be used for betting straight away.

It’s a great opportunity to double your starting bankroll or double down on your first picks.

Risk-free bonuses

Risk-free bets are very popular these days for sportsbook operators. These promos are not technically risk-free, but they provide players with insurance on their first bet.

We suggest you always read the terms and conditions for risk-free sportsbook offers as you often have to lose your first bet to get the promo.

No-deposit bonuses

No deposit bonuses are exactly as they say on the tin, no deposit required! These are the best offers out there and you might expect to see them before a market opens up when operators are looking to build a customer base early on.

Conclusion

For sports bettors looking to get the most out of their bankroll, looking out for multiple NFL Football betting promotions are the way to go. With the season around the corner, why not check out our guide: How To Bet on American Football and visit our odds comparison tool to compare the latest odds. Be sure to bookmark this page when we come back to take a look at Super Bowl betting promotions. 

Frequently Asked Questions (FAQs) 

Why is now a good time to sign-up for football betting promo codes?

With the 22/23 NFL season right round the corner, US sportsbooks will be fighting for your business offering significant NFL promotions. As bettors, it's worth taking advantage of these promo codes as they can significantly increase your bankroll. 

What is a sportsbook bonus?

A sportsbook bonus is an incentive provided by sportsbooks to encourage new players to use their platform. The sportsbook bonuses will vary depending on operators, however, can include free bets, deposit match schemes, and many more!

How do sportsbook bonuses work?

To redeem the sportsbook bonuses, we’d recommend you visit the terms and conditions of the sportsbook to understand the full details. Typically this will require players to sign up and deposit a specific amount in order to gain the benefits.

What to do if you have a sportsbook promo code?

Sportsbook promo codes are often used to apply for certain benefits. Applying promo codes may be different depending on the platform, however, these can typically be found when signing up for a new account following submitting your personal details. If in doubt, contact the sportsbook for further information.