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Best Sports Betting Bonuses in Indiana 2024

Last Updated on May 4, 2024
Fact checked by: Chris A

Looking for deposit bonuses in Indiana? You’ll find the best IN sports betting bonuses in this article!

Indiana became the 13th state in the US to legalize sports betting. This was after Governor Eric Holcomb signed the sports wagering bill into law on May 8, 2019. However, the first retail sportsbook started operations on September 1. A month after this, online bookmakers started launching.

A recent report stated that the sports betting handle in Hoosier State would rise to $5 billion in 2023. As such, online sportsbooks understand that the only way to claim a slice of the pie is to be competitive on all fronts, including offering lucrative bonuses and promos.

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Dissecting a Sports Betting Bonus

Sports betting bonuses are common in today’s online betting scene. They are the star attractions, and most importantly, they are bookmakers’ marketing tools. Aside from what they do, sports betting bonuses are offers or promotions offered by sportsbooks in the form of free bets or additional money to boost your bankroll and eventually increase your winning chances.

Apart from attracting new players to the site, these bonuses also aim to retain existing bettors to continue placing wagers on their favorite sporting events. These bonuses seem like the best thing you’ll ever see at a betting site, but they also come with strings attached. For instance, bonuses come with wagering requirements, withdrawal, and win limits, not forgetting expiration dates.

In many instances, predatory online betting sites use these terms to exploit unsuspecting bettors. With that in mind, you must read and understand the terms of these deals. But no worries because this guide will provide everything you need to know about sports betting bonuses in Indiana.

Understanding the Types of Sports Betting Bonuses

Now you know what a sports betting bonus is, but this is just the first of many aspects of these offers. Bookmakers in Indiana offer all manner of deals to try and appeal to every type of bettor. But the kind of bonus you claim is based on three important pillars. Your preferences, goals, and budget. Therefore, ensure you’ve factored in these pillars before claiming any sports betting bonus in Indiana. We take a look at the common deals available in Indiana’s online bookmakers.

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Free Bet

It doesn’t get any better than receiving free money to bet with. But that’s exactly what a free bet is. Free money. Sportsbooks often give players a specific amount of money to bet on. In almost all cases, the free bet is only available to new players, and the amount offered is usually small. Besides, it’s free money, which means the bet is on the house. Therefore, they wouldn’t want to be issuing lots of candy to everyone, knowing they may lose.

Many punters love this type of bonus because it gives them wagering freedom. While this bonus may be glazed with all kinds of goodies, underneath the surface lies various restrictions you must consider. Some of these restrictions include caps on win amounts and betting limits.

Deposit Bonus

For the players who are brave enough to deposit funds into a preferred sports betting site, a regal reward awaits them. A deposit bonus is only offered to bettors who deposit funds, and the sportsbook will match this deposit using a fixed percentage. For instance, a 50% match deposit up to $100 means the bookmaker will offer you $50 when you deposit $100, with the maximum bonus set at $100.

Like any other sports betting bonus in Indiana, you must skip past hoops to withdraw your winnings. One of them is meeting the set wagering requirements. This simply means you must wager the bonus amount several times before cashing out. For instance, a 10x rollover requirement means players must wager the bonus amount at least 10 times. In our example above, the bonus amount is $50. That means you must wager $500 ($50 x 10). That’s not all! Sportsbooks in Indiana may also impose caps on winnings.

No Deposit Bonus

Think about the allure of online sports betting without the shackles of monetary commitment. No deposit is required, yet you can still enjoy the tantalizing taste of what sports betting sites in Indiana have to offer. Indeed, these deals are truly risk-free offers in Indiana.

The bookmaker will credit your account automatically with the advertised funds, and you can start betting instantly. This is why many bettors love this type of offer. However, it is as rare as it is enticing.

And even when you find such a bonus, you must bear the harsh restrictions attached to it. These restrictions include limiting how much you can cash out and sky-high playthrough requirements.

Risk-free Bet

Just as the name suggests, these are bets where you have no risk of loss attached to your bet. This type of offer is often confused with a no-deposit bonus and a free bet. But there’s a key difference. A no-deposit bonus and a free bet are bonuses where the bookmaker will issue you a bonus fund first then you can use that money to place a bet.

However, with a risk-free bet, you will first bet using your money. But if you lose, the sportsbook will refund you. You can receive credits or real money as part of the refund. But if you win, well, you win.

Keep in mind that risk-free bets also come with tough restrictions. But this bet is great if you want to try risky markets.

Odds Booster

This is not your typical bonus because there’s no money involved. Instead, what you get with an odds booster is a blank page to do what you please. This is how it works. A sportsbook will increase the odds of one or several events. Let’s use an example. Let’s say the Indiana Pacers are playing the Celtics in a crunch-tie match. The odds are set at +200 on the Indiana Pacers winning.

But the bookmaker will increase the odds to +300, which means you can win more for the same wager amount. If anything, this is the best promo for a casual player.

Using Sports Betting Bonuses in Indiana Properly

You might have an amazing sports bonus, but f you don’t know how to use it, then it’s just as useless. Of course, we recommend using free bets and no deposit bonuses if you get them. But that doesn’t mean you should turn a blind eye to deposit bonuses because good deals exist in the Indiana online sports betting market. This section aims to guide you on utilizing sports betting bonuses in Indiana.

top sites with sports betting bonuses in indiana

Explore Our Comprehensive List

You need a good and reputable bookmaker where you can claim and use your sports betting bonus. But with so many sites in Indiana, it’s difficult to know which one to go for. Your worries end here. You can choose a preferred sportsbook and a bonus from our carefully curated list.

We explore every aspect of each site, including licensing and quality odds, before recommending them. And for bonuses, we claim and test the bonuses to ensure you bet the best bang for your buck. That includes checking the T&Cs to see whether they are fair and reasonable.

Identify a Preferred Bonus

After identifying a bonus you wish to claim, go ahead and claim it. We always strive to include the most basic information about every deal we recommend, such as the main terms and the amount you will receive. With this information, you’ll have a solid brief of what the promo offers.

The best way to choose a bonus is to make a comparison list. This will help you align each bonus with your preferences, goals, and budget.

Visit the Betting Site & Take a Look Around

A sports betting bonus in Indiana may provide false insight into how a particular sportsbook operates. That’s why taking some time off and exploring the betting site you choose is important.

Among the key aspects you want to focus on during your exploration are payment methods, sports and odds offered, and customer support. These are the main areas you frequent a lot once you become a member. You can also contact support and ask them more questions or clarity.

Dissect the Terms & Conditions

Read between the lines. Often, we are encouraged to read the terms and conditions of any bonus to avoid surprises. But how many times do you bother to do so? Well, it’s about time you started reading and understanding what these conditions entertain before claiming any bonus. If you encounter anything suspicious, that’s your cue to look for another bookmaker.

Register and Claim the Bonus

Becoming a member at any online bookmaker in Indiana won’t take more than 5 minutes. These sportsbooks require you to fill out a form with details about yourself, which includes your name, email address, phone number, and home address, among other details.

Once you create an account, you can claim your preferred bonus either during account creation or after. That will depend on the bookmaker you choose.

Prepare a Strategy and Start Playing

After claiming a bonus, the next obvious step is to use it on specified sporting events. But before you can play, it’s important to sit back and craft a solid betting strategy that will help you use the bonus efficiently. Once you have a strategy, bet away, and good luck!

Common Pitfalls to Look Out for in Sports Betting Bonuses Indiana

There are always two sides to a coin. And just as sports betting bonuses in Indiana may offer great value to punters, other deals aren’t as good as they seem on the surface. Some predatory sportsbooks lurk waiting to deceive unsuspecting bettors with sugarcoated bonuses and later disappear with their hard-earned winnings.

But there are ways of spotting scandalous operators with harsh bonus conditions. As such, the only way to steer clear of these bookmakers is if you know their tricks and devious methods. Here are the common pitfalls to keep an eye on:

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Sketchy Terms & Conditions

Throughout this guide, we’ve emphasized the need for you to read and understand the terms and conditions associated with any sports betting bonus in Indiana. But while some operators display these conditions in plain sight, others use all kinds of legal jargon to make the conditions as incomprehensible as possible. Others are just too brief, leaving you with more questions than answers.

If you encounter a sportsbook with such tactics, run and don’t turn back. It doesn’t matter how sweet and tantalizing the deal is. It’s worth the risk.

Heavenly Promises

It’s always courteous to deliver when you make a promise. But not everyone holds up their end of the bargain. If an operator promises to offer $100 as a free bet, you should receive just that. But other operators overpromise, intending to attract new players to the site and end up not delivering.

For instance, you might come across a site offering $1,000 as a free bet. Now, this is way more than what other operators offer. As such, this should draw all manner of suspicions Why would they offer such a hefty promise when others are offering 10 times less?

Tough-to-Meet Restrictions

Meticulous analysis. You need this when reading the terms and conditions of any sports betting bonus. Basically, what you want to shun is tough restrictions on your gameplay. Overly restrictive bonuses are not worth it, regardless of how grand they seem.

The trick is to find the perfect balance between rewards and restrictions for comfort. Besides, only when you’re comfortable will you make the best decisions.

Tough Playthrough Requirements

Also known as playthrough or rollover, wagering requirements are common for any sports betting bonus in Indiana. However, some operators need to be more considerate, imposing unrealistic wagering requirements. For instance, the industry standard is between 5x and 20x. Therefore, anything in the region of 30x and above is quite restrictive and thus not worth the risk.

Remember, the main goal is to retain as much money as possible. You can compare different bonuses and ultimately come up with a shortlist.

Sports Betting Bonuses in Indiana vs. VIP Programs: What’s the Difference?

You now know what a sports betting bonus is. But what is a VIP program all about? When online sports betting sites mushroomed, VIP programs were reserved for the high-rollers. But as more online operators sprouted, VIP programs became more accessible to everyone. Still, the operations between bonuses and VIP programs remain different. Here’s a table showing the main differences between VIP programs and sports betting bonuses.

Indiana Sports Betting Bonuses Indiana  VIP Programs
🎲 Offered to all players 📌 Yes 🎲 No
🎲 Accessible with specific requirements like minimum deposits or qualifying bets 📌 Yes 🎲 No
🎲 Unique bonus conditions 📌 No 🎲 Yes
🎲 Enhance the overall betting experience for all players 📌 No 🎲 Yes
🎲 You need regular play to enjoy all the rewards 📌 No 🎲 Yes

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Pros & Cons of Sports Betting Bonuses in Indiana

Pros

  • Bonuses can encourage bettors to try new sports or markets they may not have considered before.
  • With sports betting bonuses, you receive additional funds or free bets, which can effectively increase your bankroll.
  • Sports betting bonuses in Indiana can enhance your overall betting experience by providing extra funds, free bets, or improved odds.
  • Bonuses can serve as an incentive to try out different sportsbooks in Indiana.
  • Sports betting bonuses can act as risk mitigation. Using bonus funds or free bets, you can place wagers without risking your money.

Cons

  • The allure of bonuses can lead to impulsive or excessive wagering, potentially resulting in financial losses if not managed responsibly.
  • Some bonuses may restrict the types of bets you can place. For example, certain bonuses may only be eligible for specific sports, events, or bet types.
  • Many sports betting bonuses have time limitations, requiring you to use or wager the bonus within a specified timeframe.

Online Betting Bonuses by US state

Frequently Asked Questions About Betting Bonuses in Indiana

How old should I be to bet on sports in Indiana?

If you’re interested in betting on sports, whether online or retail in Indiana state, you must be at least 21.

Yes. Sports betting is legal in Indiana. This is after Gov. Eric Holcomb signed HB 1015, the bill permitting sports betting in the state, into law.

What is the best sporting betting bonus in Indiana?

The answer to this question is subjective. As discussed in this article, the best betting bonus in Indiana depends on a player’s preferences, budget, and goals. However, generally, the free bet and the no-deposit bonus are the best deals.

Do all Indiana sportsbooks provide sports betting promo codes?

No. Many Indiana online sports books don’t require players to enter promo codes when claiming bonuses. Operators usually credit players’ accounts with bonus funds after depositing money.

What betting markets are available in Indiana?

Indiana has approved 19 sports for wagering, including the usual such as NHL, MLB, NBA, and the NFL. However, the Indiana Gaming Commission has restricted the likes of eSports. Also, wagering on amateur athletes under age 18 is prohibited. Another restricted sport is in-play prop betting on NCAA sports. But you can wager on NCAA football games.

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