The sports betting industry in Maryland is incredibly competitive. That’s why sportsbooks offer all sorts of attractive bonuses to attract new players and reward existing ones for their loyalty. In this article, we’ll explore one of the most popular bonuses you’ll find among Maryland sportsbooks: the deposit match. Let’s get started.
Claim a Deposit Match bonus – Sports betting MD
To claim your deposit bonus, you’ll first have to register with a Maryland sportsbook of your choice. Then, once your account is up and running, you can look for the code to claim your deposit bonus.
You’ll need to enter that bonus code in the Cashier or Deposit page when you make your first deposit. That way, the system will automatically add the extra funds to your account along with your first deposit.
Best sportsbooks in Maryland for Deposit Match bonuses
If you’re looking for the best deposit match bonuses in Maryland, you’ll want to check out these sportsbooks:
Fanduel MD Deposit Match
Fanduel is probably one of the most recognizable names in Maryland sports betting. They’re well known for their comprehensive offering of sports markets to choose from and types of bets to place. On top of that, new players will appreciate the Fanduel deposit match bonus that’s offered upon signup.
BetMGM Maryland Deposit Match
BetMGM is another favorite destination for sports bettors in Maryland, and it’s no surprise why. The BetMGM deposit match is 100% of your initial deposit up to $500. That means if you deposit $500, you’ll have $1,000 to play with!
Be sure to check the website for the unique code you’ll need to use when making your first deposit.
Pointsbet MD Deposit Match bonus
The Pointsbet deposit match is incredibly straightforward to use. Once you place your first deposit, they’ll match the same amount. So you can use it to double up on your first wager or place more bets than you initially planned for!
Draftkings sportsbook MD Deposit bonus
New customers who sign up for Draftkings in Maryland can also enjoy an impressive bonus. The Draftkings deposit match is worth 20% of your actual deposit, with a maximum value of $1,000.
Barstool Sportsbook MD
Barstool MD also offers a deposit match bonus that works the same way as all the others mentioned above. However, the bonus tends to change over time, so check the website to see what the bonus percentage is and the maximum bonus size you could earn when signing up.
What is a sports betting Deposit Bonus – Maryland?
A deposit bonus (also known as a deposit match) is exactly what it sounds like. After signing up for an account with your preferred Maryland sportsbook, you’ll have to first deposit some money before you can start playing.
When you do that for the first time, that’s when you get to enjoy a deposit match bonus. Simply put, the Maryland sportsbook will match a part of your deposit and add it to your account for free. In other words, they’re giving you extra money to place bets based on your first deposit.
Maryland sports betting websites are very competitive when it comes to attracting new players. So, the 50% deposit match Maryland sports betting sites offer is certainly not the highest you’d find. Some sportsbooks will go even higher than that, sometimes matching up to 100% or even more as a bonus!
The bottom line is this: if you’re comparing Maryland sports betting sites, you should also compare them based on their deposit match. That way, your initial deposit will be worth much more.
Why should you take advantage of Deposit Matching?
Let’s get one thing clear: nobody is forcing you to take the deposit match that Maryland sportsbooks offer you after you sign up with them. However, it would be a very big missed opportunity if you didn’t key the bonus code in and claim that bonus which you can only do once.
For one thing, the deposit match bonus allows you to have more fun without having to increase the size of your deposit. So, you won’t have to go beyond whatever amount of money you’ve budgeted for your first deposit.
Besides that, it also allows you to make larger bets the first time around. If you’re confident about your team walking away with the trophy, you can make a significantly larger wager without having to fork out more of your own cash.
In a way, you’ll be placing bets on the Maryland sportsbook’s dime, not yours!
Pros and cons of Deposit Matches in Maryland
We want you to have a complete understanding of the deposit match bonuses that Maryland sportsbooks have to offer. That includes showing you the complete picture of the pros and cons of these Maryland bonuses.
Here they are:
The pros of Deposit Matches in Maryland
- Increased betting power: The first benefit of this bonus is quite apparent: it increases your betting power instantly. As soon as you place your first deposit, the sportsbook will add the bonus funds to your account, which you can use to place large bets.
- Low minimums: The deposit match bonus is a way to entice new users. So, Maryland sportsbooks will not place high minimum deposit requirements that might discourage you from signing up.
- Additional promotions: The sportsbook match bonus isn’t the only promotion that your preferred Maryland betting site will offer. At any given time, they’ll have running promotions. In some cases, you might be able to enjoy those promotions together with the deposit match bonus.
The cons of Deposit Matches in Maryland
- Payment Method Requirements: Some Maryland sportsbooks might attach payment terms and conditions to their deposit match bonuses. For instance, they might want to encourage new customers to use one of their payment partners by making it a requirement to receive the deposit match bonus.
- Terms And Conditions: Besides payment method requirements, there will be other terms and conditions attached. So, you’ll need to read the fine print to ensure that you get to enjoy the deposit match bonus without any problems.
Some terms and conditions to look out for
As mentioned above, you can bet that Maryland sportsbooks will attach specific terms and conditions to their deposit match bonuses. Some of the most crucial ones that you need to look out for and understand very carefully are:
Maryland sportsbooks are more than willing to match some or all of your deposit amount as a way to entice you to join them. However, they’ll also require that your deposit is of a specific dollar amount before you can qualify for the bonus.
Don’t worry too much about this. Sportsbooks want to make it easy for you to enjoy the bonus and become one of their future loyal customers. The minimum deposits to enjoy a deposit match tend to be around $5-$25, so we’re not talking about a crazy amount of money.
Sportsbooks in Maryland don’t want you to sign up for an account and leave it inactive. So, the chances are high that they’ll attach a time restriction for you to claim your bonus.
In other words, the deposit match bonuses do expire at some point. So, be sure to check the terms and conditions to make sure you don’t miss out!
Maryland sports betting websites will also place a requirement on the type of odds that you can bet on using the bonus money.
So, as you can see, that 50% deposit bonus Maryland sports betting sites offer to new customers (or however many percent the bonus might be) can only be used according to the house rules.
Payment options for Deposit Bonuses in Maryland
In most cases, you can enjoy the deposit match bonus of your chosen Maryland sportsbook by using any of the payment methods they have available. Of course, that might include the usual, like:
- Bank transfers
- Credit or debit cards
- And so on.
However, some Maryland sportsbooks might require you to use a specific payment method to enjoy the deposit bonus. For instance, a sports betting site might insist that you use their in-house prepaid card as a banking method before you can be eligible for the deposit match bonus.
So, as always, read the fine print and know what the requirements are so that you can enjoy this or any other deposit bonus.
FAQ’s About Deposit Match Maryland
How many times can I claim the Deposit Match bonus at MD sportsbooks?
The deposit match bonus is only claimable once. It’s a way for Maryland sportsbooks to attract new customers, so you’ll only be able to enjoy it during your first time depositing funds into your sportsbook account.
What payment methods must I use to enjoy the Deposit Match?
You can use any payment method that’s accepted by your Maryland sportsbook. However, they might require you to use a specific payment method to qualify for the bonus. So, check the terms and conditions first.
Is there an expiration date for the Deposit Bonuses in Maryland?
Yes. Maryland sportsbooks will want you to use the bonus as soon as possible, so they’ll give you a time limit for how long the bonus is valid.
Can I withdraw the bonus funds as cash in Maryland?
No, you’ll have to use the bonus funds on the sportsbook. They won’t allow you to withdraw it to spend elsewhere.
Can I use the bonus to bet on any sport I want in MD?
Yes, you can bet on any sport you want! However, bear in mind that some Maryland sportsbooks will have requirements about the odds of your wagers. So, be sure to check the terms and conditions.