Top 3 Best Bonus Offers for MLB Betting

Betting on MLB games is a lot of fun and a great way to get you in the game; however, don't start betting without these excellent bonus offers.
Top 3 Best Bonus Offers for MLB Betting

If you love baseball and want to be a part of the game, or at the very least have a stake in it, betting on MLB games can be the perfect way to do it. When you’re looking to bet on these games, the best bet is to start with a bonus offer. Fortunately, there’s no shortage of these offers from the various online sportsbooks, but there are a few that stand out compared to the rest.

Throughout the month of June, these are the top bonus offers in the industry.

DraftKings Bonus: Bet $5 and Get $150 in Bonus Bets Instantly

DraftKings offers a straightforward and fairly lucrative bonus for new users. All you need to do is place a $5 bet, and you’ll instantly receive $150 in bonus bets. This offer is perfect for beginners who want to test the waters without committing too much money upfront. After all, you want to try out some things before you’re committed and what a better way than to use the house’s cash.

To take advantage of this bonus, sign up for an account on DraftKings, make a deposit, and place a $5 bet on any MLB game — or any other game, but we love MLB betting. Once your bet is placed, the $150 in bonus bets will be credited to your account immediately. Check your account balance, and you’ll see it in there. Most online sportsbooks take a few days before the bonus bets hit, but not with DraftKings.

With your bonus bets, you can check out various types of MLB wagers. For instance, you can place a moneyline bet on a team like the New York Yankees to continue their dominance over the Baltimore Orioles in their upcoming series. Moneyline bets are straightforward and simply involve picking the winner of a game regardless of how much they win by. If you’re feeling more adventurous, you could try placing a run-line bet, which is essentially a point spread in other sports. For example, you might bet on the Los Angeles Dodgers to win by more than one run against the Colorado Rockies.

However you want to bet, you can’t go wrong with the DraftKings bonus offer.

Bet365 Bonus: Choose either Bet $5 Get $150 or Get a First Bet Safety Net up to $1,000

Bet365 provides the most flexible bonus offer we’ve ever seen. This bonus caters to different types of bettors. New users can choose between two options: bet $5 and get $150 in bonus bets, or get a first bet safety net up to $1,000. This flexibility allows you to select the offer that best suits your betting style and risk tolerance. However, this could be overwhelming for new bettors who don’t have much experience. 

To claim the bet $5, get $150 offer, sign up for an account, deposit at least $5, and place a $5 bet on any MLB game. Once your bet is settled, you’ll receive $150 in bonus bets, similar to the DraftKings offer. The big difference is that the bonus isn’t immediate. It can take up to 72 hours for the bonus to hit your account. This bonus is ideal for those who want to start with a smaller investment.

On the other hand, if you prefer a higher safety net for your first bet and you’re more of a high-roller, choose the first bet safety net of up to $1,000. This means if your first bet loses, Bet365 will refund you up to $1,000 in bonus bets. To take advantage of this offer, sign up, deposit, and place your first bet. If it doesn’t win, you’ll get your stake back in bonus bets, giving you a second chance to win. We recommend this offer for those who don’t mind going in big with their first bet, so typically, this is for more experienced bettors.

BetMGM Bonus: First Bet Offer $1,500 (must use code EWBET1)

BetMGM’s bonus offer is one of the most generous available in the industry. New BetMGM users can get their first bet matched up to $1,500, but you must use the code EWBET1 when signing up. This offer provides the biggest cushion we’ve seen in a while.

To claim this bonus, sign up for an account using the code EWBET1, make a minimum deposit of at least $10, and place your first bet. If your bet loses, BetMGM will match it up to $1,500 in bonus bets, giving you another chance to win big.

While we do love this bonus offer, we definitely recommend maxing out your initial bet. That’s because BetMGM is going to give you back whatever it is you bet. So, if you bet $100 and it loses, then you’ll get $100 in bonus bets. That’s like leaving money on the table. If they’re going to match your bet, you might as well get as much as you can.

Making the Most of Your MLB Betting Bonuses

To maximize the value of these bonus offers, you really need to come up with a solid strategy. Here are a few tips to help you get started—

  1. Understand the terms and conditions. Each online sportsbook has specific terms and conditions for their bonuses. Some are more lenient than others, but it’s important to read and understand them to avoid any surprises.
  2. Start with what you know. Focus on teams and players you’re familiar with. While we recommend not betting on your favorite teams to keep your emotions out of the bets, betting on teams you know gives you a leg up on the research.
  3. Diversify your bets. As the old saying goes — don’t put all your eggs in one basket. Spread your bonus bets across different types of wagers to increase your chances of winning. Plus, this will also give you a better idea of how each bet type works.
  4. Monitor team and player performance. Keep an eye on team standings, player statistics, and recent performances. Some teams have slumps and streaks and you can capitalize on those with your bets.
  5. Take advantage of live betting. Live betting allows you to place bets during a game, taking advantage of changing circumstances and momentum shifts. It’s a lot of fun and a way to get some quick wins and build your bankroll.

By leveraging the bonuses from DraftKings, Bet365, and BetMGM, you can take your MLB betting experience to the next level and potentially increase your winnings.

Regardless of whether you’re a seasoned bettor or a newcomer, these offers provide a great opportunity to get in on the action and enjoy the thrill of baseball betting.

Matt Brown

Head of Sports Betting and DFS

Matt’s love for sports betting and daily fantasy sports, coupled with a deep understanding of football, hockey, and baseball, shapes his innovative thoughts on Hello Rookie. He has a B.S. in Aeronautical Computer Science and a M.S. in Project Management.