You can sign up to wager the Stanley Cup, MLB, or the rest of Thursday’s betting slate using the Caesars Sportsbook promo code LABSNEWS1000 to get a $1K valued welcome offer for your first wager.
The way it works is you make any bet up to $1,000 and then get bonus bets equivalent to your stake if your bet loses. There is no restriction on what markets you bet on: as long as your wager is $1,000 or less it will work for the promotion.
One way in which this “first bet” promotion differs from ones provided by other sportsbooks is that your bonus bets are given to you in one huge block that cannot be split up any further. For example, if you wagered $500 and lost, you would receive one large $500 bonus bet.
Bonus bets from Caesars Sportsbook can be used to make wagers for 14 days after they appear in your account.
Caesars Sportsbook promo code LABSNEWS1000 can be accessed in these states: AZ, CO, MA, IA, IL, IN, KS, KY, LA, MA, ME, MD, MI, NC, NJ, NY, OH, PA, TN, VA, WV, and WY.
How to use the Caesars Sportsbook promo code
One strategy to get the most out of this promo option is by betting the maximum amount of $1,000. You will either be able to win your bet and get a large amount of profits, or get back a $1,000 bonus bet to make another bet in the future.
Let’s assume that I make a bet of $1,000 on the Philadephia Phillies money line against the Boston Red Sox (-110).
With a winning bet, I get 909.09 in profits and recoup my $1,000 stake for a total of $1909.09. If the bet loses, then I get $1,000 in bonus bets through the promotion.
If you lose your wager and get the $1,000 bonus bet, you could potentially use it to wager on the NBA Finals this Friday. Generally, it is a smart idea to go for longer odds with bonus bets to get maximum value.
Here’s an example of a player prop that you could bet on with your $1,000 bonus bet. Luka Doncic is listed at +100 to go under 8.5 assists. In the Finals, Doncic has clearly been a more scoring-oriented player. He has gotten over 8.5 assists once in the three Finals games against the Celtics. Another factor is the role players on the Mavericks such as Josh Green and Tim Hardaway Jr. struggling offensively in the series. With some of the team’s key players missing shots, there are fewer opportunities for Doncic to get assists.
There are two potential outcomes here. With a winning wager, you get $1,000 in profits and lose your stake since the wager was made using bonus bets. If your bet loses, you get no cash and lose the bonus bet as well.
How to activate Caesars Sportsbook promo code LABSNEWS1000
- Use this link to go directly to Caesars Sportsbook. You can also click on the module provided in this section.
- Register for a Caesars Sportsbook account using all your real personal information.
- Use the Caesars Sportsbook promo code LABSNEWS1000 at checkout.
- Deposit a minimum of $10 into your Caesars Sportsbook account.
- Make any bet up to $1,000. If your bet loses, you get one bonus bet equal to your stake.
21+ only. New users and first $10+ wager only. Offer valid and must be physically present in AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, WV, and WY only. Know When To Stop Before You Start.® Gambling Problem? IL, MD, NJ, OH, PA, TN, VA, WV: Call 1-800-GAMBLER. MA: CALL 1-800-327-5050 or visit gamblinghelplinema.org. NY: Call 877-8-HOPENY or text HOPENY (467369). ©2024, Caesars Entertainment
