UFC, one of the most popular fighting sports around, features an incredible betting event with UFC 304 on Saturday night at 6p.m. ET. The main card will be between Welterweights Leon Edwards and Belal Muhammad at 10p.m. ET.

You can bet on the main card and all fights within the UFC 304 event on major sports betting apps such as DraftKings. DraftKings features one of our favorite offers around where a $5 deposit and wager earns $150 in instant bonus bets no matter how the bet settles.

In addition to that promo, we’ll walk you through the best sportsbook welcome promos for UFC 304 or any other sport you prefer.

1. DraftKings

DraftKings promo code: no code necessary

Bet $5, Get $150 in bonus bets instantly

DraftKings Sportsbook provides one of the highest-value offers around which can be accessed by clicking here to set up a new DraftKings account followed by at least a $5 deposit and wager on anything. After submitting your $5 first bet, you instantly get $150 in bonus bets.

Next, depending on the bet outcome, you can also profit cash winnings, if your bet hits. Since there is no sports betting market or odds restriction, you can pick a heavy favorite for a better chance at winning.

Imagine I make a $5 bet on Leon Edwards -250 to win outright in the main card event. After submitting the bet, I instantly get the $150 in bonus bets. Next, if my bet wins, I also profit $2 and keep my $5 stake so my account would show $7 in cash and $150 in bonus bets.

The bonus bets are valid for seven days and can be used on bets within DraftKings to profit cash.

Bet $5, Get $200 in bonus bets instantly (DC)

DraftKings Sportsbook has a slightly different welcome offer for the District of Columbia. New users can earn $200 in instant bonus bets with the same $5 deposit and wager on any sport or market.

You can click this link to claim the $200 bonus bet offer or use the module below.

2. BetMGM

BetMGM bonus code: SHNEWS1600 or HANDLETOP

BetMGM is the first sportsbook on our list that provides the choice between two sign-up bonus offers for new customers. While most states qualify, new users in New York are excluded from both welcome promos.

BetMGM bonus code SHNEWS1600 – 20% deposit match, up to $1,600 is sports bonus

This is one of the only deposit match offers currently available among top sports betting sites. Our exclusive offer requires a minimum first deposit of $10, earning $2 in bonus, up to an $8,000 deposit in order to max out the $1,600 in sports bonus.

After depositing and being awarded the bonus funds, you’ll need to meet a wagering requirement that’s 10x the bonus within 30 days. For example, a $1,000 deposit that nets $200 in bonus would require $2,000 in total cash bets in the 30-day time frame in order to withdraw any cash winnings from your account.

BetMGM bonus code HANDLETOP – $1,500 first bet insurance

You’ll find many first bet insurance offers on this page. However, BetMGM has the highest value coverage at $1,500 lending itself nicely to large wagers, especially with plus-money odds.

Let’s say you place a $500 first bet on a parlay with +400 odds across the UFC 304 slate:

• A win profits $2,000 and returns your $500 stake. You now have $2,500 in cash to use on future wagers or you can withdraw from your new sportsbook account.
• If the bet loses, you’ll receive five $100 bonus bets, equaling the $500 first bet stake.

BetMGM deposits the bonus bets based on the size of your first bet stake:

• $50 or less — BetMGM deposits the bonus bets as a single bonus bet
• $51 or more — BetMGM pays out five equal bonus bets, matching your stake, up to $1,500

3. bet365

bet365 bonus code: SHNEWS (valid for all offers below)

$1,000 First Bet Safety Net

bet365 offers another first bet insurance, up to $1,000 in bonus bets. While it isn’t the highest value first bet insurance offer, bet365 is a fan favorite because of it’s top-notch user interface, competitive odds, and ease of use when it comes to using bonus bets.

If your first bet loses, bonus bets will hit your account within an hour of bet settlement and must be used within seven days. This is the fastest bonus bet turnaround that you’ll find among the online sportsbooks on this page.

The bet365 bonus bets can be split however you prefer across multiple wagers. You can even split a stake with part cash, part bonus bets.

Bet $5, Get $150

Meanwhile, the bet365 bonus code SHNEWS bet/get promo can be activated with a new account, a $10 or higher deposit and a first bet of at least $5 on -500 odds or longer.

For context, any UFC 304 moneyline you prefer falls within this restriction as the largest favorite is Sam Patterson -425 over Kiefer Crosbie. No matter how the bet settles, the $150 in bonus bets hit your account within an hour and are valid for seven days.

Bet $5, Get $150 + 50 casino spins (Pennsylvania)

The Pennsylvania enhanced offer is nearly identical to the Bet $5, Get $150 with one additional piece. You also receive 50 casino spins to use on bet365’s online casino, accessible via the casino tab at the top of the sportsbook homepage.

The casino spins give you a chance to play a variety of online slots for a chance at real cash.

4. ESPN BET

ESPN BET promo code: SHNEWS

ESPN BET, from media giant ESPN, now offers a sportsbook platform across 18 states. Just like many other online sportsbooks on this list, ESPN BET provides a $1,000 first bet insurance for new customers, nicknamed a First Bet Reset.

In order to access the sign-up bonus, you’ll need a create a new account (make sure to manually apply the ESPN BET promo code SHNEWS), make a minimum $10 deposit and a cash bet of any size. A win profits cash while a loss is reimbursed via bonus bets that expire in seven days.

ESPN BET always deposits the bonus bets in five pieces, each worth 20% of your stake. For example, if I miss a $100 first bet, I’ll receive five $20 bonus bet credits to use within the platform.

5. Fanatics Sportsbook

Fanatics Sportsbook promo code: no code necessary

The Fanatics Sportsbook promos are split by location:

• Click here for the $1,000 offer (AZ, CO, CT, IA, IL, IN, KS, MA, MD, MI, NJ, NY, PA, VA, VT, WV, WY)
• Users in OH, KY, TN and NC can click this link for a $1,500 welcome promo.

Bet and Get up to $1,000 in Bonus Bets

You’ll need to opt-in each day (for your first 10 days) and place a bet on any market that falls within -200 or longer odds. For example, Leon Edwards -250 in the main card wouldn’t qualify but Edwards -5.5 (-120) in a point spread is fine. No matter how the bet settles, you get a bonus bet match, up to $100 each day.

Each day of this promo works the same, starting with the opt-in and the first bet. It’s entirely up to you as to how much to wager and you can profit some cash along the way, along with the guaranteed bonus bets.

It’s OK to skip a day of betting with no penalty or forfeiting any bonus bets previously earned. If you skip a day, it just means you can’t earn bonus bets on that particular day.

Get up to $1,500 in Bonus Bets Over Your First 11 Days

The offer in OH, KY, TN, and NC is the exact same except for an enhanced first day bonus bet match. Here is the day-by-day structure:

• Up to a $500 bonus bet match on the first day
• Next, up to a $100 bet match each day for the next 10 consecutive days

The other requirements are the same since you must opt-in each day to claim the bonus bets and your first bet each day must be at -200 odds or longer. No matter how the bet plays out, you get the bonus bet match each day.

6. Caesars Sportsbook

Caesars Sportsbook promo code: HANDLENEWS1000

We round out the list with one more first bet insurance offer. The Caesars Sportsbook promo code HANDLENEWS1000 sign-up bonus requires the creation of a new account, along with a minimum $10 first deposit and wager.

If your first bet hits, you keep the cash profits and stake. Meanwhile, a miss is recouped with a single bonus bet credit rewarded by Caesars.

The mechanics of this promo work the same as the other first bet insurance offers on this list, but the bonus bet payout comes as a single bonus bet that equals your first bet stake. So, if I wager $100 and lose, I’ll get a $100 bonus bet and I must use the bonus bet credit in its entirety on a straight $100 bet or parlay.

I’ll have 14 days to use the bonus bet within the platform to potentially profit cash.