Free Bets Offers at Tennessee Sportsbooks
When the state of Tennessee ironed out its regulations for the legalization of sports betting, there was no cap set on the number of sports betting licenses that could be given out for online sportsbooks in the state. This sets the stage for fierce competition in the Tennessee sportsbook industry for years to come. Fortunately for sports bettors, competition leads to promotions and bonuses, including free bets.
Free bets are a popular bonus structure that gives sports bettors the opportunity to place a risk-free wager on a game of their choice. If the promotional free bet loses, the sportsbook will replenish your account with credits that can be used to place other bets. And if the wager wins, you have no need for the bonus credits as you will instead reap the rewards of your real money victory. This win-win scenario is enticing to sports bettors in Tennessee and around the world.
Here’s a look at the free bet promotions available at online sportsbooks likely to launch soon in Tennessee.
BetMGM Sportsbook Free Bets in Tennessee
$500 risk-free first bet on BetMGM Sports Tennessee
This promotion is for brand new accounts making their first real money deposit. The first wager that you place on the site will be reimbursed for up to $500 if it does not win. For example, if you make a deposit of $400 and place that $400 on a game, you will receive $400 worth of free bets if your selection loses. If your selection wins, you do not receive a bonus but you do receive your cash winnings from the victorious bet.
Free bet credits will be added to your account within 24 hours of your first wager being graded a loss. These credits will be delivered in increments of 10% of original wager amount. So if you lose $300, you will receive ten $30 free bets to use on the games of your choice.
Weekly $10 free bet
Every Monday, BetMGM Tennessee customers will be eligible to earn one free $10 bet on the game of their choice. You will earn this weekly reward every Monday if you have placed a combined $50 or more in qualifying wagers (bets with odds of -200 or greater) over the last week of sports action. Free bets and other promotional wagers do not count toward the $50 wager total.
Free-to-play daily trivia quiz
BetMGM players can take part in a daily trivia game that hits you with 10 questions in the sports and pop culture genres. If you are able to get all 10 questions right, you will win a share of a $500 daily prize with other players who were able to successfully go 10 for 10. Your correct answers will also be applied to a weekly leaderboard and give you a chance to win a share of $2,000 in additional prizes. There is no downside to giving it a try each day as it is free to enter.
Random free bet promotions
In addition to the staples mentioned above, BetMGM Sportsbook also sprinkles in random free bets and bonus opportunities for Tennessee residents throughout the year. Previous examples include filling out a free NCAA college basketball bracket or NFL draft for the chance to win a share of cash prizes. Current opportunities are displayed on the BetMGM website and mobile app.
DraftKings Sportsbook Free Bets in Tennessee
Earn up to $1,000 in free play on your first deposit
DraftKings has a generous deposit bonus for first-time players: a 20% first-deposit bonus of up to $1,000.
The first-deposit bonus gives you the opportunity to earn up to $1,000. This bonus is for 20% of your initial deposit, so for example, a $600 first deposit would give you the chance to earn an extra $120. These bonus credits are earned through play. For every $25 you wager in the DraftKings sportsbook or on daily fantasy sports, $1 will be released into your account. Real money wagers placed for your first 90 days on the site will work toward unlocking this bonus.
DraftKings offers daily free-to-play challenges in which participants can earn real cash prizes. These challenges include major sporting events like predicting the NFL draft or the NBA standings, pop-culture events like “Survivor” and MTV’s “The Challenge,” and even random events like trying to guess the weather in different parts of the world. DraftKings shines when it comes to creating daily contests for both casual and hardcore sports fans.
Refer-a-Friend for Mutual Free Bets
If you refer a friend who makes a deposit between $25 and $49, you and your friend will both receive a $25 free bet. An initial deposit between $50 and $99 lands you and your friend a $50 free bet each, and a $100+ deposit nets you both a $100 free bet. To be eligible for this bonus, your friend must be brand new to DraftKings with no sportsbook or daily fantasy sports account with the site.
FanDuel Sportsbook Free Bets in Tennessee
Risk-free $500 bet on first deposits
Users new to FanDuel Sportsbook in Tennessee are eligible to receive a risk-free bet of up to $500 on their first real money wager. If your first wager is graded as a loss, your account will be reimbursed for the amount of that wager in FanDuel Sportsbook credit. This site credit can be used to bet on any sporting event you’d like.
As is the case with other free-bet bonuses like this one, only your first wager will be eligible for this bonus, even if you have multiple wagers on the same bet slip. While a bet of $500 will give you the opportunity to maximize the amount this bonus can pay out, you can bet less and still be covered. A first bet of $200 that loses will result in your account being credited $200 in FanDuel TN Sportsbook credits.
Rotating free bets and promotions
FanDuel offers unique bonus and free-bet opportunities throughout the year. One such promotion is its “Keep the Cash” game. With this promotion, players are given new questions every day over the course of an NBA, NHL, MLB or NFL season. You are tasked with answering questions like “Will Patrick Mahomes throw three touchdown passes?” or “Will the Nashville Predators defeat the Washington Capitals?” Stringing a winning streak of five, 10 or 15 correct answers together can earn you FanDuel sportsbook credits.
Other promotions include earning free bets for meeting betting thresholds on certain events, like receiving a $50 bonus for wagering at least $25 on an NBA Finals game. These types of free bet promotions can be found right on the main page or under the promotions tab on the site or mobile app.
PointsBet Sportsbook Free Bets in Tennessee
$100 risk-free bet on your first fixed-odds wager
PointsBet Tennessee is unique in that it offers two types of wagers: fixed odds wagers that work like standard sports betting lines and PointsBetting wagers that are unique to the site. PointsBet allows you to try both of these styles risk-free. On your first real money fixed odds wager of up to $100, you will be reimbursed with a bonus bet for the same amount if your bet loses.
The most impressive thing about PointsBet Sportsbook bonus bets are that they come with no rollover restrictions. Whatever winnings that you earn from your bonus bets are immediately available as real cash that you can withdraw at any time. Most sportsbooks require you to play a certain amount before you are allowed to withdraw, but PointsBet puts your winnings in your hands with no strings attached.
$100 risk-free bet on your first PointsBetting wager
Nothing beats when a side that you bet on wins by a landslide, taking the pressure off the rest of the game as you can just kick back and relax. But what if you could be rewarded with higher payouts when you are on the right side of a blowout? That’s what PointsBetting wagers put you in position to do.
Say that the Memphis Grizzlies are a -3 favorite at home against the Sacramento Kings. If you make a $10 PointsBetting wager on the Grizzlies, you will win $10 for every extra point the Grizzlies cover the spread by. So if Memphis wins by 24 points and covers the spread by 21 points, you get 21 x $10 = $210.
But it works the other way, too. If the Grizzlies lose outright by 10 points, resulting in a 13-point loss ATS, you’ll be on the hook for a $130 loss. This bet type ensures that every possession counts regardless of what the score is.
To help mitigate the risk, you can set a stop loss to cap the amount that you can lose on any one wager. This also works both ways as your potential winnings will be capped, as well. Bettors in Tennessee who want to give this unique system a try can do so with a $100 risk-free bet on their first PointsBetting wager. If your first PointsBetting bet results in a loss, you will receive a bonus bet for the amount that you lost up to $100.
PointsBet Bonus Bet Loyalty Program
Depending on the season, PointsBet will sometimes offer season-long loyalty programs. For example, placing 25 NFL or college football ATS wagers of $50 or more over the course of the season could earn you a $100 bonus bet. Or placing 100 of these bets during the season might earn you a $500 bonus bet.
This same promotion has also been offered for PointsBetting wagers, with bonus bets unlocked based on how many bets of this type that you make. These bonus offers are seasonal in Tennessee and can be found under the promo tab on the website.
Rotating free bet promotions
The promo tab is loaded with promotions for new and longtime customers alike. PointsBet offers a $50 bonus bet to both you and your friend when a friend whom you refer makes a first deposit of $50 or more on the site. Tennessee sports bettors can also find promotions like “All $2+ PointsBetting bets on the Super Bowl get a $25 free bet.” The PointsBet Sportsbook is always driving the action with its boosted lines and unique promos.
Tennessee sportsbook free bets review
Free bets and promotions on Tennessee sportsbooks are always being updated and changed. Fortunately, these promotions are well-advertised and easy to find, as each of these sportsbooks is vying for your business. New deposit bonuses will always be among the most lucrative, but as the competition ramps up in Tennessee, loyalty programs and promotions based around keeping current customers happy are also likely to remain a focus.
Be sure to read the terms and conditions on these free bets and bonuses before making your deposit or placing your wager. Some may require a specific promo code or for you to opt in to them to receive the benefits. Others require certain rollovers before they can be unlocked or before you will be able to make a withdrawal. Understanding the rules and the benefits of a sportsbook promotion will help you to decide which ones are right for you.
Regardless of which free bet promotions you decide to take advantage of, risk-free bets for first-time customers are an excellent way to try out a sportsbook that you haven’t used before. Most sports bettors tend to gravitate toward one or two preferred sportsbooks, but it doesn’t hurt to have options as each sportsbook will have its own promotions, betting lines and line prices available.