Sports bettors use different strategies to try and gain the upper hand over bookies. Some of these are more effective than others, but taking advantage of bonuses is easily one of the best and simplest ways to improve your betting power. When it comes to regulated Michigan sportsbooks, the good news is that players have access to some truly fantastic deals that can really boost their odds of winning.
Since there are several MI sports betting sites, they all have to compete for the players’ favor, and this kind of competition almost always produces good deals for the bettors. Bookmakers wanting to stay relevant simply have to offer valuable welcome bonuses and solid regular promotions. Otherwise, potential customers will skip them and move on to the next site with a big shiny bonus.
As we know trying to wade through the sea of welcome bonuses to find the best one can be a daunting task, so we thought we’d lend a hand and break down all the best sports betting bonuses in Michigan, unpack the fine print, and give you some tips on how to get the best value out of these offers. Equipped with this knowledge, you should be able to easily boost your betting bankroll.
Get Up to $5000 Risk-Free at Caesars Sports MI
Of all the different welcome offers available for sports betting in MI, the one from Caesars Sports MI is by far the most generous one, especially if you have a big bankroll. The bookie will give you a risk-free first bet up to $5,000.
What this means is that you sign up for a Caesars Sportsbook account, make a deposit, and place your first wager. If you lose, Caesars MI will give you the full amount back (up to $5000) to try and bet again. The bonus is issued as free site credits, and you have a week to use them.
This is a great deal, no matter how you look at it. It allows you to take a big risk on your initial bet and try to chase longer odds. If that does not come through, you can use free credits to place safer bets and get your funds back, and perhaps even turn a profit in the process.
The only situation where you might be better off taking a different new user bonus offer is if you are on a really tight budget. This particular welcome bonus requires players to place an initial bet of at least $50, so if that is not something you’re comfortable with, other MI sports betting sites have risk-free opportunities with more relaxed requirements.
Get Up to $1000 Risk-Free With BetMGM Sports MI’s Welcome Bonus
Another gambling brand with a massive presence in the state, BetMGM Sports Michigan features a risk-free welcome bonus worth up to $1000. The rules for the bonus are similar to what you get with Caesars, i.e., you create your BetMGM Sportsbook account, make a deposit, and place your first bet. If the bet loses, the bookie will give you back the full amount in free bets.
If the initial bet is lower than $50, BetMGM issues the bonus as a single risk-free bet. Otherwise, you will receive several free bet tokens, each worth 20% of the total. So, for example, if you were to wager $100 and lose, you would receive five $20 free bets.
There is a seven-day window in which you need to utilize your free bets. Like with all offers of this type, the value of the bets themselves is not included in your payout, but any winnings over it will go to your cash balance.
Check Out BetRivers Michigan for Something Different
There are quite a few other Michigan sportsbooks offering risk-free bets, albeit not as generous as Caesars and BetMGM Sports’ welcome bonuses. However, if these do not work for you and you would rather have a more traditional bonus, then BetRivers Sports MI is the bookmaker to check out.
The operator gives all new players a 100% deposit match welcome bonus of up to $250 and no big bets are required. For example, if you make a deposit of $150, you will immediately receive an additional $150 in bonus funds. The first or any other bets you place are not relevant.
There are two things that make this welcome offer worth a place in this sports betting MI bonus guide. The first is the fact that you have much more freedom, as you can use your bonus funds as you like, be it to bet on sports or to play slots and other casino games at BetRivers Casino MI.
The second important fact is that the wagering requirements are just 1x. So, you just need to turn over the bonus amount once before you can cash it out in full without any further restrictions.
In terms of pure value, this is a great offer, as you are almost certain to walk away with a decent chunk of bonus cash if you take a cautious route and spread your funds across some safer bets.
Whether this approach is for you is an entirely different matter, but the good news is that you are not restricted to just one of these bonuses. All Michigan sports betting fans can claim all three of them and see which bookmaker they like best, so it is more about picking the order in which you wish to tackle them!