Sportsbet $501 bonus bet

Sportsbet offers a one-time bonus bet for new members up to the value of $501. The new account incentive is a sign up bonus offer, where the new customer’s first wager will be met dollar-for-dollar. For example, a first bet of $500, will be rewarded with a $500 bonus from Sportsbet. It is in effect a free bet for all new customers. This is a great offer for potential customers as there are minimal turnover conditions associated with the handout.

$501 Bonus bet offer
New members can receive a bonus bet equal to their first bet amount up to a maximum of $501.


Accessing your reward

  • Register to become a member with
  • Make a deposit, then place your first bet with the bookmaker.
  • Receive a bonus to match the value of your first bet up to $501.

Key points of the offer

  • It is a first bet match sign up bonus for new customers.
  • Once a bet has been placed, the complimentary benefit will be applied to the new account.
  • The bounty can then be accessed under the ‘bonus bets’ tab on the website.
  • The offer cannot be used in conjunction with any other promotions run by Sportsbet.

Sportsbet promotion code

It’s not necessary to enter a code when you register a new account with Sportsbet.

How does the Sportsbet offer stack up?

Compare bonuses

The bonus offered by Sportsbet is one of the highest value offers to new customers from an Australian bookmaker. It’s important to remember that this is a first bet match offer. In our opinion, it’s not as rewarding as a matched deposit bonus, due to the fact that a $501 first be must be wagered in order to receive the full benefit. Compare that to the deposit bonus offered by CrownBet, where you can receive $500 in free bets, but your deposit amount can be split between any number qualifying of bets, not just one. That being said, it’s still a great offer, with little in the way of restrictive conditions. Very few Australian bookmakers offer $500 free to bet with.

Bonus bet qualification

Sportsbet is limited by regulations as to whom it can offer this bonus bet to. Currently, the offer excludes residents of Vic, NSW, WA, and SA. In addition, the bonus is only available to new account holders with Sportsbet. Further, the gift will match the value of the first bet placed, up to a maximum of $501.

Sportsbet bonus eligibility graph

Other Sportsbet promotions and bonuses

In addition to the $501 sign on bonus, Sportsbet offers a wide range of promotional opportunities for new and long-time members alike. As identified in our analysis and review, they are one of the leaders in offering promotions to their existing customers. Regular promotions include: cash-back refunds, bonus bets for certain losing wagers, additional rewards for winning multi-bets and free tipping competitions where weekly prize money is up for grabs.