Copa America is an ongoing soccer tournament among North and South American national soccer squads to crown a champion. You’ll find group stage action on Thursday night, including the United States taking on Panama in the hopes of notching another win towards winning Group C and advancing to the knockout round.
There are many different markets or ways to bet on Copa America action among top sports betting apps. If you’re new to certain sportsbooks, you can even find welcome promos upon sign-up as a new customer.
FanDuel is one of my favorites on this list where a $10 deposit and $5 bet on anything earns $150 in bonus bets if your first bet wins.
Here is the complete list of welcome promos from major sportsbooks that can be activated via a first bet on Copa America or any other sports you prefer.
1. FanDuel
FanDuel promo code: no code necessary
FanDuel is widely available in 22 legal sports betting states. You can find the national promo mentioned above in 20 states while Massachusetts and Ohio can find an enhanced version of the promo.
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You’ll need at least a $10 deposit and $5 bet on any type of bet you prefer within FanDuel. Next, the promo plays out depending on how your bet settles.
Let’s say I grab the United States -270 to win outright against Panama. While this doesn’t provide the biggest payout, it has a statistically-high chance of winning which is required to earn the bonus.
- Win – A win profits cash, returns your stake and provides the $150 of bonus bets within 72 hours
- Miss – This is treated like a typical losing bet within a sportsbook and your stake goes to the house
The FanDuel bonus bets are treated like currency that can be used within the app but cannot be withdrawn since they aren’t cash. You can use them to fund wagers for potential cash if the bet hits.
This promo is nearly identical to the national FanDuel offer and the fundamentals of the promo are the same. The key difference for new Massachusetts and Ohio bettors is that a winning $5 bet earns $300 in bonus bets rather than $150 in most states.
2. DraftKings
DraftKings promo code: no code necessary
DraftKings provides one of the easiest first bet offers around that only requires a new account, a $5 deposit and wager to get started. After submitting your $5 wager, you instantly earn $150 in bonus bets.
Next, depending on the bet outcome, you can also profit cash if your bet hits. Since there is no market or odds requirement, you can pick a favorite for a better chance at winning and therefore lowering the upfront cost of the promo.
Using the same bet from the FanDuel example, this means a $5 deposit and wager on the U.S. -270 earns $150 in bonus bets right after submitting the bet. Then, if the United States does win, you would also profit $1.85 and keep your $5 stake meaning your account would show $150 in bonus bets and $6.85 in cash.
You’ll have seven days to use the bonus funds within the DraftKings mobile app for a chance to convert the bonus bets to cash through a winning bet.
DraftKings recently split its welcome promos among locations and this promo works the exact same as the one mentioned above. The only difference is the states listed above earn $300 in instant bonus bets from the $5 deposit and wager.
Just like the other offer, you’ll have seven days to use the bonus funds throughout the platform to potentially earn cash.
3. BetMGM
BetMGM bonus code: SHNEWS1600 or HANDLETOP
BetMGM is the first sportsbook on our list that provides the choice between two offers upon sign-up as a new customer. However, while most states qualify, New York is excluded from both promos.
This is one of the only deposit match offers currently available among top sports betting sites.' You’ll need at least a $10 deposit to start triggering the sports bonus; however, it’s entirely up to you on how much to deposit as long as you meet the minimum threshold of $10.
After depositing and earning the bonus, you’ll need to meet a wagering requirement that’s 10x the bonus earned within 30 days. For example, a $200 deposit that earns $40 in bonus would require $400 in total cash bets in the time frame in order to access any cash winnings in your account.
You’ll find many first bet insurance offers on this page. However, BetMGM has the highest value coverage at $1,500 and only requires a $10 deposit and cash bet to get started.
Imagine I placed $200 on Uruguay and Bolivia to draw at +600. Here’s how the first bet insurance would work:
- A win would profit $1,200 and return my $200 stake. My account would now have $1,400 in cash that can be used on other wagers or withdrawn.
- A miss would be reimbursed with $200 of bonus bets
BetMGM deposits the bonus bets based on the size of your missed stake:
$50 or less – BetMGM deposits the bonus bets in a single chunk to use
$51 or more – BetMGM sends five payments of bonus bets to equal whatever your stake was up to $1,500
4. bet365
bet365 bonus code: SHNEWS (valid for both offers)
You can use the bonus code SHNEWS to activate one of the following promos in these bet365 states: Arizona, Colorado, Iowa, Indiana, Kentucky, Louisiana, North Carolina, New Jersey, Ohio and Virginia.
bet365 offers another first bet insurance up to $1,000 in bonus bets. While it isn’t the highest value first bet insurance, bet365 is a fan favorite with user interface, competitive odds and the speed of bonus bet deposits.
First, if your bet misses, bonus bets hit your account within an hour of bet settlement. This is the fastest bonus bet turnaround you’ll find among the books on this page.
Just like FanDuel, these bonus bets are not deposited in chunks but rather like currency. That means they can be split however you prefer across multiple wagers at a chance for cash.