For those unfamiliar with basketball jargon, DraftKings Sportsbook has introduced an enticing new promotion for first-time depositors that is sure to score big.
If you have been hesitant about participating in legal sports betting in Virginia, DraftKings’ latest promotional offer might be the perfect motivation for you.
Considering the circumstances, are there really 100-1 chances of a successful three-pointer being scored? Regardless of the game being NBA or NCAA. And if that prediction comes true, a $100 reward awaits at the end?
It’s rare to come across such an effortless opportunity like that.
However, before anything else, it is necessary for us to delve into the specifics of the promotional offer.
Click here to claim the promotional offer.
DraftKings Sportsbook offer for new VA customers
Customers who have never made a deposit at DraftKings can take advantage of the promotion, which will be available until Feb. 28. DraftKings, a popular sports betting and DFS site, launched in Virginia on Jan. 24.
You are required to make a minimum deposit of $5 into your sportsbook account.
Following that, before the game starts, you have the option to place a moneyline or point spread bet on any NBA or NCAA men’s basketball game. The minimum bet amount is $1, however, live bets, parlays, free bets, cashout bets, and voided bets will not be considered.
If the team you placed your bet on, such as the Washington Wizards, successfully scores a three-pointer at any point during the game, you will receive a $100 bonus. Even if you happen to lose your spread or moneyline bet, you will still be eligible for the $100 bonus. As long as a three-pointer is made, DraftKings Sportsbook will grant you a 100-1 payoff.
You will receive four free bets valued at $25 each as a bonus. However, please keep in mind that these free bets must be utilized within seven days, otherwise they will become invalid.
The amount of the free bet is excluded from any returns or winnings. It cannot be exchanged for cash, and it is neither transferable nor refundable.
Wait, is this too good to be true?
Maybe we need some transparency in this situation.
If you’re a novice in VA sports betting and the realm of legal and regulated sportsbooks, this offer might appear enticing. Perhaps, it seems a bit too enticing. Suspiciously enticing, in fact.
You can be confident that your 100-1 payoff is waiting for you if you adhere to the guidelines.
What does the sportsbook gain from this? It seems like DraftKings might not benefit much from it, correct? Considering that even the lowest-performing NBA team (Cleveland Cavaliers) manages to make nine 3-pointers per game, and the worst college team (Lehigh University) only makes 4.4 per game.
So, how is it possible for the bet to be lost? Well, the truth is that it’s not really meant to happen.
With the increasing number of VA sportsbooks entering the online market, operators are aggressively competing for customers and market dominance, resulting in significant marketing budgets. These operators are willing to generously compensate new customers, enabling astute players to benefit from various promotions, bonuses, and free bets credited directly to their sportsbook accounts.
If you’re looking to place bets on a local team for this promotion, your choices will be restricted. The Wizards have a total of six games scheduled until the promo ends on Feb. 28. However, Virginia sportsbooks are not permitted to accept wagers on in-state schools like the University of Virginia and Virginia Tech. Therefore, these NCAA games are not eligible for the promotion.