Indiana Sportsbooks Refresh Betting Promotions For 2020 Olympics

Posted on July 30, 2021 - Last Updated on March 20, 2024

There are all sorts of fresh deals out there for gamblers now that we’re a little deeper into the Tokyo Olympics.

The latest wave of promotions from online sportsbooks has something for everyone.

Events will be taking place until Aug. 8 so many of these deals will help you make the most out of the second half of the games.

DraftKings Olympics bet $1 to win $100 promo

DraftKings has a new promotion out there for the Olympics that’s basically a can’t-lose situation.

This deal is for new users only, so you’ll have to sit this one out if you already have a DraftKings account.

The promotion is letting gamblers bet on the Olympics at 100/1 odds.

All you have to do to qualify for the deal is sign up for DraftKings. Once you do, deposit at least $5 into your sportsbook account.

After that, bet at least $1 on the Olympics, and you’ll win $100 if the US takes home a medal in any event. That prize money will be paid out in four $25 bonus bets.

Since the US has already snagged 41 medals so far, this is essentially a guaranteed win. The promotion is a great way to start your bankroll off on the right foot.

DraftKings Olympic Tiered Daily Bet

DraftKings isn’t stopping there when it comes to Olympics promotions.

The company’s other deal is good for both new and existing users, so everyone can get in on the fun.

The “Olympics Tiered Daily Bet and Get” gives gamblers a chance to win bonus bets every day. The more you bet, the more site credit you’ll earn.

There are two different tiers for the deal.

  • Tier 1: Bet $10+ and get $5 free
  • Tier 2: Bet $50+ and get $25 free

This deal is a great way to take home some extra money if you were already planning to bet on the Olympics in Indiana.

To use the deal, just opt-in under the “Promos” section of the DraftKings website or app.

BetRivers Olympic bonus bets

Big spenders, this one’s for you.

BetRivers Indiana is looking to attract some of the higher volume gamblers with its new Olympics promotion. The company is paying out tons of bonus bets to make that happen.

If you bet $500 or more on the Olympics, then you’ll win $1 for every bronze medal the US wins.

Bet at least $1,000, and BetRivers will give you $2 for every silver medal that the US wins. That’s in addition to $1 for every bronze medal.

Still not enough for you? Well then there’s one more level you can qualify for.

By wagering $2,500 or more, you’ll qualify for a $3 bonus bet for every gold medal that the US wins, on top of the smaller tier prizes.

That type of betting volume isn’t for everyone, but if you plan on putting up bigger bets like these, then this is a can’t-miss deal. No other sportsbook is handing out that many bonus bets.

Keep in mind that your wagers will have to use odds of -200 or greater in order to qualify for the different tiers. For example, a +100 bet would work out great, but a -300 wager wouldn’t make the cut.

Barstool Sportsbook USA Basketball

Barstool Sportsbook is hoping to capture the interest of USA Basketball bettors.

The company’s “Move The Line” promotion is offering site credit for spread bettors.

The only catch is, you’ll have to win your bets to earn the free money.

First thing’s first, you’ll have to bet at least $25 on plus spreads for USA Basketball games. So +150 odds would qualify you for the deal, but -200 would not.

Next, you’ll have to win your bet, and repeat the process multiple times.

If three of your $25 + spread bets win, then you’ll earn $10 in site credit. If five of your bets cash in, then you’ll earn an extra $25.

This deal is hardly a home run since you have to win so many bets to qualify, but it could still be worth checking out for basketball fans that love spread betting.

Photo by Associated Press
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Jake Garza

Jake Garza is a US Gambling Industry Analyst for Catena Media. He specializes in Midwest sports betting and casino content. Prior to covering the legal gambling industry, he spent time as a professional sports writer, reporting on teams such as the Cincinnati Bengals, Indianapolis Colts and Indiana Pacers. Garza is currently working as a Managing Editor for PlayIndiana and PlayOhio, with previous stops at other well-known brands such as PlayIllinois and PlayMichigan. He has been covering the gambling industry since 2019, and currently works with a team of other journalists to provide comprehensive coverage of the legal U.S. gambling industry.

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