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BetStars Sportsbook Promo Code 2022 | US Welcome Bonus

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Last Updated on 20/11/2022

Fact checked by: Mark Lewis

The BetStars deposit bonus code deal is somewhat unusual and not what you’ll find with most American betting sites these days. Therefore, in this article, we’ll closely examine this BetStars promo for new punters in all of its important aspects. Plus we'll let you know if you need a BetStars bonus code to activate the BetStars Welcome Bonus.

BetStars is now FOX Bet

The Stars Group, the previous operator of BetStars, has teamed up with FOX and decided to establish a joint sports betting brand under the name "FOX Bet". You will find all the changes that go along with this in our FOX Bet Review.

Bonus Offers - BetStars welcome offer

There are no wagering requirements or anything of the sorts attached to the BetStars Welcome Offer. The bonus money itself will disappear once your wager comes in and you’ll only be paid your winnings, which is something to consider when deciding on how much risk you’re willing to take. The only slight downside is that you can only bet on a couple of options, namely single betting and parlays.

Bonus Amount

The maximum amount you can get from this BetStars bonus is USD 500. This is definitely one of the biggest BetStars promotions. There is no the minimum bet stipulation so you can pretty much go as low as you like. However, keep in mind this is a one-off offer, so you’ll only get a free bet in the amount of your very first bet. Any bets you place afterwards will not count.

The important thing to immediately understand is that you are only issued a single free bet for the amount lost on your initial wager. This is definitely a slight downside of the BetStars welcome bonus as it prevents punters from minimizing their risk by spreading the bonus across several different bets to ensure they at least get some cash back.

Table of Content

How to use the Bonus
Top 5 Expert Tips
BetStars Bonus Review FAQ
Rewards & Loyalty Program
Betstars – Sports Bonus
Bonus Conclusion
User Reviews

How To Use The Bonus - The bonus in practice

betstars promo code This is definitely an interesting bonus offer as it acts like a safeguard in the event things don’t go as planned with your first bet and gives you more confidence to take some risks when you first joined the bookie. Armed with the knowledge you’ll get a refund and another shot at it, you can definitely take some chances.

There is nothing special you need to do to qualify for the BetStars Welcome Offer as you don’t need a BetStars deposit bonus code or anything of the sorts. Simply deposit at least as much as you’re willing to risk on your first bet and then go for it. Since the bonus is structured to only pay when you lose, you’re allowed to take any picks for your first bet, so you can try to play it safe or go crazy with some really long odds.

If your first bet does happen to lose, you’ll receive your bonus bet and you can then use it according to the rules described above. Depending on how you feel and what you want to achieve, you can play some safer odds to try and win some of your money back or you can really go for it seeing it’s a free bet after all and find some long odds to try and win huge.

To compare this offer with other popular promotions, have a read of our FanDuel bonus code, Betfair sign up bonus and Caesars online sportsbook bonus code guides.

Top 5 Expert Tips - Things to keep in mind

Unlock your bonus

When looking to make the most of your bonus, our first top tip is to review whether any bonus or promotional codes are needed in order to unlock the bonus. Bonus codes will be sent directly to your email or feature as a notification in your account so keep your eyes peeled.

Another way online sportsbook allows users to trigger their bonus is by setting a minimum deposit – much like the BetStars bonus. New customers must ensure their deposit is equal to or higher than this qualifying amount to take advantage of the offer.

Know the terms and conditions

With so many individual promotions and bonuses available to you, it is understandable that there will also be a great selection of terms and conditions to get your teeth into. Our advice? Find a transparent sportsbook such as BetStars, which provides new customers with full terms and conditions before signing up! Understanding important factors such as your bonus code (mentioned above), the deposit method needed to unlock your bonus, the expiration date, and any other terms will greater your chances of success.

Understand the wagering requirements

When it comes to figuring out the wagering requirements associated with your sportsbook bonus, we think you will be pleasantly surprised – especially when compared to the requirements of any online casino bonus! Often, we will find a sportsbook bonus that requires you to place a wager at +100 or above in order to contribute towards your bonus pot. We find the easiest way to create favorable odds is by creating a two or three-part parlay. However, it is worth mentioning that although the odds will quickly be in your favor, the risk of such a wager will also be heightened, requiring all aspects of the bet to result in a win for your bonus bet to be successful.

Do your research

Whether you decide to take advantage of a parlay, place a single, an each-way, or an over/under, we propose doing your research beforehand.

Researching into the markets you are looking to wager on is a great way to improve your chances of profiting from your BetStars bonus. Form, rivalries, and any other critical information that could affect the outcome are all important factors – we’d even recommend checking the weather!

Know when to expect your bonus

Our closing top tip revolves around knowing when your bonus is expected to hit your account. By reviewing the fine print, you will be able to discover when your bonus credits or bet insurance will be in your BetStars wallet, and you can begin making use of the bonus – provided you have met the prerequisites, of course!

If your bonus is due to hit your account instantly, then you can begin looking through possible markets to potentially profit from. If your bonus is expected to take longer than 24 hours, then we would suggest taking advantage of our fourth top tip and take some time to research the market, picking up some info on any fixtures or competitions that take your fancy.

BetStars Bonus Review FAQ

⭐ Do I need a special BetStars bonus bet code to get the first deposit bonus?

Like many betting offers, you may need to use a special bonus code to pick up your first deposit bonus at BetStars. To find out what the latest BetStars bonus bet code is, make sure to visit our in-depth BetStars bonus review at CaptainGambling.

✨ Is this BetStars bonus worth taking?

If you are wondering whether this BetStars bonus is for you, then it's worth visiting our detailed BetStars bonus guide. We'll let you know about all the most important details, such as bonus codes, wagering requirements and how easy it is to cash out your bonus. You'll find a number of compelling bonus offers at CaptainGambling.

🏇 What should I bet on with my free bet?

This is really down to what you want to achieve. For a rundown of the sports that are included in the latest BetStars bonus, make sure to visit our in-depth guide. We'll also let you know about any additional bonuses on offer at this betting provider.

Additional Rewards - Can I get anything else?

When it comes to regular boosts and promotions for existing players as well as the BetStars Welcome Bonus, BetStars is one of the better choices out there. The bookie really knows how to do right by its customers and there is a variety of promos to take advantage of around the clock. On top of this, there is also the loyalty scheme, which rewards punters based on the points accumulated by placing wagers, giving them a shot at some extra cash.

Regular odds boosters – bet on popular events with improved odds
Frequent deposit bonuses to add some extra cash to your betting bankroll
Matched free bets – get a free bet after wagering a certain amount
Spin & Bet – bet with a chance to have your winnings multiplied up to 10 times

Looking for more loyalty bonuses? We've got reviews on the latest Borgata sportsbook promo and BetAmerica signup bonus.

Betstars Sports Bonus

BetStars Sports - Deposit insurance offers new customers $500 safety net

BetStars features a solid selection of sports and betting markets, covering all major sports such as football betting, soccer, NFL, baseball, golf, basketball, tennis, hockey, motorsports, and many more.

If you fancy trying your luck on any of these markets, we have tested the BetStars $500 risk-free welcome bonus for you. Below, we highlight whether it is worth taking advantage of.

Reality Test - Losers are still winners at BetStars

Without the need to locate a bonus code, the process of unlocking the bonus at BetStars is a fairly simple one.

Due to the very nature of the new customer bet insurance bonus, bettors will need to sign-up to the site in order to take advantage of the offer.

The sign-up is very simple and follows the basic KYC process, as you'd expect from any licensed and legitimate online sportsbook.

Once verified, all that is left to do is deposit into your account and begin placing your sports wagers. A minimum of $10 must be deposited to unlock the bonus, with a top-end of $500. It is worth noting that the bet insurance is limited to $500 - any bets that lose beyond this value will be capped at $500 worth of betting credits.

Bonus Withdrawal - Bank your winnings or use your credits

Not often can we suggest a bonus is win-win. However, the style of bet provided by BetStars isn't far off. After making their first deposit and placing their first wager, new customers will see their bet win or lose. If it wins, all funds received will be withdrawable as per the usual process. If they lose, they will receive 100% of the money back in betting credits, up to the maximum value of $500.

Any betting credits will be non-withdrawable but can be used on-site.

Pitfalls - BetStars bonus has minimal drawbacks

The simplistic nature of this bonus bet ensures that new customers of the BetStars site do not fall foul to any hidden terms. However, we at Captain Gambling did spot that the bonus credits will expire within 7 days.

Once your initial wager has resulted, we would advise keeping track of the days and markets available to you, in the hope you can find a suitable fixture to place your bonus credits on within that 7 days period.

Verdict on Bonus - If sports betting is your vice, BetStars have a bonus for you!

Here at Captain Gambling, we love a risk-free sports betting bonus, and BetStars have delivered on every level.

The insurance bonus allows new customers to test the waters, safe in the knowledge that their funds will be returned in full as betting credits if their wager results in a loss. If it results in a win, they can withdraw with ease from a reputable and reliable site that is home to quick withdrawals.

Home to a great selection of sporting markets, we are certain players will be able to make use of their bonus credits before the 7-day expiration hits. Overall, we believe the BetStars $500 bet insurance new customer bonus is fantastic, and any sports betting enthusiast should consider having a read through the terms and conditions themselves - they may just find their next bonus!

Overall Conclusion - Become a betting star with BetStars

If you ever dreamt about placing a large bet and chasing long odds but never felt comfortable enough to actually do it, this is a pretty good opportunity to do just that. Sign up with BetStars today and take your shot at big bucks with the Betstars Promo Code. If it doesn’t work out, at the very least you’ll get your money back to go for it again!