New customers who place their first wager through the Caesars Sportsbook website or mobile app, available on iOS and Android, can claim a “bonus bet” in the form of site credit.

Patrons must create an account with Caesars and place a wager within 30 days. If that bet loses, you will get a refund as a bonus bet up to $1,000. There is no bonus if the first bet is a winner.

Use the exclusive promo code FORBES1000 to claim this offer.

This promotion is valid in AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NJ, NY, OH, PA, TN, VA, WV and WY.

Caesars Promo Code Overview

Best Caesars Promo Code – July 2024

The best offer for patrons who have never created a Caesars Sportsbook account in any state includes a bonus bet up to $1,000 if their first wager doesn’t win.

To claim the offer, new users must register with Caesars and place their first wager within 30 days on the mobile app or desktop site.

If the qualifying bet loses, you’ll receive a one-time bonus bet equal to the value of the losing bet, up to $1,000. You can bet on any sport to receive the bonus bet. The bonus can’t be broken down across multiple bets.

The sportsbook must grade the qualifying wager as a loss within 30 days of placement.

If you place more than one wager in a single betslip, the first cash wager recorded as settled by Caesars in your wagering history will be considered the qualifying wager.

Caesars Sportsbook will award the bonus bet within two business days of the losing wager. You must use the site credit within 14 calendar days before it expires.

The promo code for the $1,000 bonus bet is FORBES1000.

How to Claim Caesars $1,000 Bonus Bet Promo

First, download the Caesars Sportsbook app or visit the sportsbook’s website through a link or banner on this page.

Follow these simple steps next:

• Sign up for a new account with your name and other required personal information.
• Use the promo code FORBES1000 when signing up.
• Deposit funds into your account.
• Make your first wager within 30 days of opening your account.
• If you lose, you’ll receive a bonus bet within two business days equal to the amount of the losing wager, up to $1,000.

How to Place a Bet on Caesars

It’s easy to bet with Caesars Sportsbook. To place your wager, find the game or event you’re looking to bet on and select it in the app or on the homepage. 

Once you’ve made your selection, it’ll appear in your betslip, where you can enter the amount you want to wager. Once you’ve confirmed your bet and amount, click submit.

One of the most popular bets at Caesars is the parlay, which allows you to combine multiple bets into one wager with a higher potential payout. This also comes with higher risk, though, as each bet within a parlay needs to win for the ticket to cash.

While it’s appealing to bet a little to win a lot, parlays are low value because they are difficult to hit. We recommend straight bets – such as those on the moneyline, spread, over/under or a game or player prop – to maximize value on any given bet.

What To Look For in a Betting Bonus

Here are some criteria to keep in mind when considering a sportsbook promotion.

• Bonus Type: Most new-user bonuses either provide bonus bets for wagering a small amount or refund your first wager if it loses. Caesars’ offer falls in the latter category, as you’ll get a bonus bet up to $1,000 if your first wager loses.
• Eligibility: Many promotions are only available to new customers who haven’t signed up for that specific sportsbook before, and they often include age and state requirements as well. Caesars’ welcome offer is only for new customers of legal gambling age in a state where Caesars is operational.
• Wagering Requirements: To qualify for a promotion, your first wager may need to meet requirements for minimum odds or amount. Caesars only requires that your first wager is in cash (not a bonus bet) and be placed within 30 days of opening your account.
• Minimum Odds: A qualifying bet may have a minimum odds requirement to prevent customers from betting on heavy favorites (i.e., -200 or longer). Caesars’ welcome offer does not have a minimum odds requirement.
• Validity Period: The amount of time that a bonus is valid for. Caesars’ bonus bet is valid for 14 days after issuance.
• Maximum Win/Bonus Cap: Some bonuses limit the amount of money you can win with them to prevent sportsbooks from losing too much money. Caesars’ welcome offer does not have a maximum win amount on its bonus bet.
• Bet Type Restrictions: Some promotions only allow certain bet types to be eligible for a promotion or prevent you from using your bonus on certain betting markets. For Caesars’ offer, bonus bets, profit boosts and round robin wagers do not qualify for the promotion.

How We Evaluate Betting Promotions

While we don’t have a formal rating for sports betting promotional offers, we only write about consumer-friendly signup offers regarding the following criteria.

• Size of offer: Sports betting signup bonuses range from $100 to $1,500. The size is important, but it depends on the type of the offer. Regardless of size, a sports betting signup offer can give you some cushion for your first betting experience. Remember, these offers are one-time deals.
• Offer format: Most sportsbooks offer a so-called “bet & get” offer, where if you make a wager, you will receive so-called bonus bets. These wagers are in the form of site credit. Sometimes, your bet must win to claim the site credit. Other sportsbooks will offer a so-called free bet where you can get a refund in the form of site credit if your first wager loses. Both have their advantages.
• Time to receive site credit: It’s better if you receive your site credit immediately rather than having to wait 2-3 days. This can be relevant to your betting experience. However, all sportsbooks issue site credits in a timely manner.
• Odds requirement: It’s always better if the promotion doesn’t stipulate a minimum or maximum odds for your qualifying wager.

Some sportsbook signup offers are slightly better than others, but you can claim one new user offer at each sportsbook. You should claim each site’s offer if you want to try out multiple sports betting sites.

AP Photo/David Dermer