Caesars Sportsbook Promo Code TODAY1000 Offers $1,000 Bonus

Caesars Sportsbook’s $1,000 Welcome Offer

Right now, the Caesars Sportsbook promo code TODAY1000 unlocks a first-bet bonus worth up to $1,000 in bonus bets. To claim the bonus, enter the code when you sign up, deposit $10 or more, and then place a real money bet. If your bet loses, Caesars will match your wager with a bonus bet up to $1,000.

If your bet wins, you won’t receive a bonus bet, but you’ll collect your winnings as usual. First-bet bonuses are issued as one (1) bonus bet equal in value to your initial wager. The bonus bet cannot be divided or withdrawn, and you have 14 days to use it, or it will expire.

How to Claim Your $1,000 Bonus at Caesars Sportsbook

To claim the $1,000 bonus offer at Caesars Sportsbook, start by heading to the Caesars site and clicking the “Sign Up” button. Fill out the registration form with your personal information, and be sure to enter the code TODAY1000. Without the promo code, the welcome bonus won’t be credited to your account.

Once you’ve signed up and verified your identity, you’ll need to deposit $10 or more into your new Caesars Sportsbook account. Then, the bonus will be active, and you can place your first bet. If it loses, Caesars will credit you with a bonus bet of equal value to your wager, up to $1,000.

The bonus will apply only to your first wager as a Caesars customer, so make your first bet count. Your bet must settle within 30 days to qualify. Keep in mind that if your first bet wins, you won’t receive a bonus; you’ll just get the winnings from your bet. If you do receive a bonus bet, remember that it must be wagered all at once and will expire if unused after 14 days.

Maximizing Value from Your Caesars Promo Code Offer

The first thing to note about the Caesars promo code offer is that you get out what you put in. The maximum value is $1,000, but to get a $1,000 bonus bet, you’d need to make a $1,000 real money wager. Most players will make a smaller wager, which would return a smaller bonus bet. For instance, losing a first wager of $100 would return a $100 bonus bet token.

The second thing to understand is that your bonus bet token is not the same as real money. Your bonus bet token cannot be withdrawn from your account or converted to real money. All you can do is use it to place one single wager within 14 days of receiving it. If that wager wins, you won’t get the bonus bet amount back, only the profit.

For example, let’s say you open your Caesars account and place a $100 wager on the Los Angeles Dodgers to win a game. They lose, and you receive a $100 bonus bet token as a refund. You then place that $100 bonus bet token on the Houston Astros to win at +200 odds, and the Astros win. Normally, that wager would return $300 ($100 stake + $200 profit). But because the bonus bet amount itself can’t be withdrawn, this bet returns only the profit: $200.

At first glance, the Caesars promo code appears to guarantee a 100% return on investment. In reality, it’s not that simple. After all, if your first bet wins, you could actually do better than a 100% return, depending on the odds. On the flip side, if your first bet loses, your real money stake gets refunded with a non-withdrawable bonus bet token, which is less valuable than real money.

Overall, the Caesars promo code is essentially an opportunity to bet while knowing that you will be partially compensated if you lose. For example, let’s say you would normally bet $100 on a particular game. With the Caesars bonus active, you might take the chance to raise your stake to $200 since any potential loss could be mitigated with a bonus bet token.

Sportsbook Showdown: Caesars vs. FanDuel vs. DraftKings and More

Why Caesars Ranks Among Top U.S. Sportsbooks

Time and again, Caesars ranks as one of the best sportsbooks in the country. It owes its success largely to its immaculate reputation for customer service and the Caesars Rewards program, which is consistently rated as the best sportsbook loyalty program in the country. Its extensive selection of betting markets and $1,000 welcome bonus are also major strengths.

The Caesars Sportsbook app is available in 21 states and has consistently garnered high scores from both Apple and Android users. While some customers have expressed that they want to see more rotating promotions, the daily odds boosts make this only a minor drawback.

If you want to learn more about how Caesars Sportsbook stacks up to the competition, check out our comprehensive Caesars Sportsbook review. There, we go in-depth through the pros and cons of betting with Caesars to help you decide whether Caesars is the right sportsbook for you.

Other Promotions at Caesars

Though the $1,000 first bet bonus for new players is the big ticket item, there are still other promotions you can claim as a returning customer at Caesars. These promos come and go, but here are a few that you can often find.

Why You Should Claim Caesars’ First Bet Bonus Today

After trying out the promo, our verdict is that the current Caesars promo code is a great offer and certainly worth claiming. Getting your first bet on Caesars means that you can tailor the bonus to your betting style. Sign up, deposit $10, and then make any wager up to $1,000 with the peace of mind that you’ll get a bonus bet back if you miss.

While there are some restrictions on the bonus bet—it can’t be divided or withdrawn and must be wagered within 14 days—it’s still a great consolation prize for a losing first bet. If you make a winning bet using your bonus bet, the profit is immediately available as a withdrawable balance. If your first bet wins, even better, you’ll get the stake and profit bet back as cash in your account, just like normal.

If you’re thinking of signing up with a new sportsbook, the Caesars promo code TODAY1000 is one of the top welcome bonuses on the market. Click a link on this page now to head to the Caesars site and sign up today.