Ohio sportsbook promos » Ohio sportsbook bet credits

Ohio Sportsbook Bet Credits

The insurance bet offer is one of the most common and widely used sign-up bonuses among sportsbooks. So if you are signing up for the first time on a sportsbook in Ohio, look for promotions that will give you better rewards. Here we will provide you with information on why you should look for bet credits in Ohio.

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Best Ohio sportsbooks with bet credits 2023

CompanyBonusFeaturesVisit
DraftKings Sportsbook Bet $5 get $200 in bonus bets
  • JOKERZINO
  • Same game parlay boosts
  • Multiple in-game bonuses
Bet now DraftKings Ohio promos
FanDuel Sportsbook Bet $5 get $200 in bonus bets Bet now FanDuel Ohio promos
Caesars Sportsbook Up to $1,500 in bet credits Bet now Caesars Ohio promos
bet365 Sportsbook Bet $1 Get $200 in bet credits Bet now
SuperBook Sportsbook Get up to $1,000 bonus Bet now SuperBook Ohio promo
Betfred Sportsbook Get up to $1,111 in Fred Bets Bet now
BetMGM Sportsbook Up to $1,000 first bet insurance Bet now BetMGM Ohio promos
PointsBet Sportsbook Up to $2,000 in bet credits Bet now Pointsbet OH promos
BetRivers Sportsbook Get up to $500 in bonus
  • JOKERZINO
  • Great bonus terms
  • Excellent loyalty program
Bet now BetRivers Ohio promos

How to best use an insurance bet in Ohio

betting-sports

In every bet, there is a risk of losing your money. Usually, players make plans to use their site credit or bet credits wisely in case they lose the bet. They make the best of the insurance bet. An insurance bet plan that is famous among bettors is to open up a sportsbook with multiple sites and place bets on both sides of the game. This can increase the chances of winning and making the best use of the insurance bet.

Another way to maximize your benefit is, to use your insurance bet on the underdog. If the underdog loses, you’ll get a bet credit. However, if that underdog wins, you’ll get a bigger payout. Therefore, you should use the bet credits on another underdog as there is no stake attached to the bet credits. In this way, you can maximize your profits.

Insurance bets in Ohio top list

best-sports

An insurance bet is bettors’ favorite among various promotions available. This bet ensures that the bettor gets something in return even if he loses.

An insurance bet is certainly one of the best new promotions that Ohio bettors can get. Everyone wants another opportunity when their money is on the line. Who would want to lose their money? While there are various great sportsbooks in Ohio, these are the ones that offer insurance bets.

FanDuel

The FanDuel Ohio is a favorite of sports bettors in the state of Ohio. All the new members at FanDuel get a chance to get a refund of up to $1000 if they don’t win.

Moreover, the reimbursement will be available on a platform that is easy to use, and you can place your bet from anywhere in the state. You can even bet while you are on the go. The mobile app has all the available features on the desktop site. Check out our list of all the best Ohio sports betting apps on our app page.

The operator is easy to use and user-friendly. They offer generous rewards. The Ohio sportsbook promos site offers all its new users an insurance bet with reimbursement that can be split up. For example, if a player bets $1000 on any team and loses the bet, the player can receive $1000 in site credit.

Furthermore, you can use site credit in any denomination. The site credit can be used on smaller bets. FanDuel’s site credits can not be withdrawn. But the winnings from these site credits can be withdrawn. The payouts include winning as well as the stake. The site credits are available for only 14 days.

Caesars Sportsbook 

New users at Caesars Sportsbook can claim insurance bets up to $1100 using the promo code. When you sign-up, you’ll have to use the promo code to avail the promotion offered by the operator. The bet insures up to $1100 and will offer you bet credits.

The bet credits will be equal to the worth of what you wagered. However, these bet credits are only for seven days, so users must hurry to avail this offer.

BetMGM Ohio

When a new bettor signs up for BetMGM Ohio, the sportsbook offers an insurance bet as an Ohio sports betting bonus. The bettors can get an insurance bet of up to $1000 if they bet $10 or more. If you lose the bet, the full value of the bet will be reimbursed in bet credits.

Furthermore, if your bet is greater than $50, you will receive bet credits in 20% denominations. However, if your bet is less than $50, you will receive only one bet credit equal to the worth of your original bet.

Only new players can avail of this promotion, and they must claim it within seven days of signing up. Remember, the insurance bet is only applicable for your first bet. It must be placed within seven days after you sign-up. There are no further conditions or requirements related to the bonus.

PointsBet

New bettors get a chance to benefit from a double safe wager offer of up to $2000. This is one of Ohio’s best insurance bet options. PointsBet Ohio, on the other hand, has specific regulations in place with this insurance bet, making it significantly less appealing than competitors.

Players don’t have as much control over the bets. Bet credits are only available for 14 days. After that, players can place the first bet of up to $500 on any of the fixed odds markets.

The second bet allows gamers to bet up to $1500, but they may only spend it on its “pointsbetting” markets. The bet credits can be divided into four bets. Sportsbook’s points betting feature is attractive to bettors because of the unique concept.

Fubo Sportsbook

After signing up, new bettors planning to join Fubo sportsbook can get insurance bets up to $1000. In addition, the minimum deposit for the insurance bet is only $1.

You will need to use a promo code after depositing your money to avail of the Ohio sign up bonus In case you lose the first bet, the sportsbook will provide you with promotional credits. These bet credits do not have any denomination. You can choose how you want to use these bet credits. These bet credits are available only for 30 days.

Tipico sportsbook

When a new user signs up at Tipico, they will get a insurance bet of up to $750. To qualify for this offer, you have to simply sign-up and deposit $10. Tipico will then reimburse your loss in the first bet up to $750. To withdraw this amount, you must fulfill some requirements.

These requirements are you must play with the bonus amount and your deposit amount three times before it takes the form of cash. Then you can withdraw it. You will have to fulfill the requirements in 90 days before you lose the bonus.

What is insurance bets in Ohio?

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An insurance bet is a bonus that usually new members get. But it may be offered to existing members through promo codes. This offer allows members to get a refund on their first bet if they lose the bet. The refund is in the form of bet credits, site credits, or bonus cash.

This means that if the bettor wins the bet they get winning and can withdraw them. However, if they lose the bet, they will get bet credits or a refund.

This is one of the offers that attract new customers. Nobody wants to lose their money. If bettors get a chance to get insurance bets, they will be happy to join the sportsbook. As a result, insurance bets are the favorite among bettors.

How do Ohio insurance bets work?

Insurance bets are very popular no matter the location. However, this popularity is on a whole another level when it comes to a state like Ohio which has the most passionate sports and sports betting fan base. As a result, many sportsbooks in Ohio are using insurance bets to attract new customers.

The insurance bets basically work as reimbursement in the form of bet credits or refunds subject to the conditions. If a player loses the qualifying bet, then the betting company will reimburse them. This reimbursement can be bet credits, bonus cash, or site credit. These reimbursements can be used to bet again and double your chances of winning.

Advantages of Ohio insurance bets

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A insurance bet’s main advantage is that if you lose the first bet, you can give it another shot with the bet credits. So signing up for sportsbooks that offer insurance bets is often the wise choice. Because it can minimize your losses and give you a better chance to win.

Bankroll

If you want to build your sports betting bankroll, opening up your account with a insurance bet offer is the best choice. Moreover, if you win in your initial bet, you’ll have a large payout. However, If you lose the bet, you can potentially win big on your bet credits.

Bet credits you feel confident about

Sometimes bettors find a bet that they are sure that they can win. This confidence makes them bet more money on these bets. Insurance bets come in handy in this kind of situation, as they mitigate the risk related to the bet. You can cut your losses in this way.

Customer-friendly

Even a newbie will make money from the insurance bets. The sportsbooks that offer insurance bets don’t expect short-term returns on insurance bet offers. Instead, they offer these kinds of bets to attract new customers to their platform and build brand loyalty. In long term, they benefit from this brand loyalty.

Disadvantages of insurance bets in Ohio

pros-cons

There is no such thing as free lunch in the world. The insurance bets are not entirely advantageous for players. There are also some advantages of insurance bets. The insurance bets are promotional offers to attract new customers.

The sportsbook plan for the long term by giving insurance bets. The sportsbooks get customers’ loyalty and bear with losses in the short term. However, they earn more from the customers in the long term than they lose.

Bet credits are not exactly without risks

The insurance bet offers are not exactly without risk. They simply give bettors a second chance at winning. If you win the initial bet, you win a payout. But if you lose the initial bet, you’ll get another chance to win through the bet credits.

The bet credits is not a guarantee to win; it just gives you another chance. If you lose again, you will lose your stake. So decide carefully before you decide to use bet credits. The bet credits doesn’t ensure your win, so you should bet responsibly.

FAQs Bet Credit in Ohio

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Are insurance bets safe in Ohio?

There is always a risk of losing money when placing bets. Although insurance bets offer players a second chance at winning, they don’t guarantee that the players won’t lose their money. Therefore, you should think carefully before placing a bet. In addition, you should be responsible for your bets.

Do I have to pay an additional fee for insurance bets?

Every sportsbook has different rules and regulations. Therefore, you should first read the rules and regulations of the sportsbook before joining.
Normally, there is no additional fee for insurance bet offers while signing up. This type of promotional offer is famous among bettors, and it attracts customers to the website, not for earning.

Does using the site credit give the stake back in Ohio?

Normally, players receive their stake back by winning with a site credit. However, in the case of bet credits and bonus cash, bettors will lose their stake if they lose the first bet.
But it may not be the case in some platforms as every platform has different rules. So, review the rules before betting on a sportsbook.

Can insurance bets be used on smaller Ohio bets?

Sportsbooks usually offer higher-value insurance bets to attract new customers. But you don’t have to bet the higher amount. Instead, you can place a small bet but choose wisely because you will have only one chance.
Some sportsbooks have set the minimum bet amount, you can bet accordingly.

Do bet credits expire?

You must read the rules and regulations of the sportsbook before joining and it. Especially the regulations surrounding sign-up offers like insurance bets.
This will allow you to know how long the offer is valid. In Ohio, most sportsbooks have a set length of time for bet credits. Once the set timeframe passes, the offer will not be available.