If you are a sports-mad fan or a keen casino player, there is one thing you want to do when gambling online. Make bank. If you have recently joined or considering joining DK, you want to know how to make money on DraftKings. We will run you through some tips.
Whether you’re brand new to the world of online gambling or a seasoned veteran — one thing stays the same. You want to make money. Who doesn’t? And while once it may have seemed that the only way to make money through gambling reliably was with insider knowledge or via arbitrage betting — with the rise of DraftKings sportsbook and casino, that’s no longer the case.
If you’re unfamiliar with DraftKings this may seem too good to be true. Well, it’s not, and in this guide, we’ll be giving away our expert team’s secrets to making money online at DraftKings via both their sportsbook and their online casino.
|Sportsbook Bonus||20% First Deposit Bonus Max $1,000 + $50 Free Bet|
|Sportsbook Eligible States||AZ, CO, CT, IL, IN, IA, KS, LA, MI, NH, NJ, NY, PA, TN, VA, WV & WY|
|Casino Bonus||$50 No-Deposit Bonus
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|Casino Eligible States||CT, MI, NJ, PA, & WV|
Strategies to Make Money on DraftKings Sportsbook
It’s impossible to win 100% of the time. And you should never expect otherwise — but by following our six tips, you’ll be able to win more often.
#1 Bet Late (Usually)
As the game nears, team news will leak and if you’re paying attention, you may be able to gain a massive edge before the sportsbook realizes what’s happened.
For a personal example from earlier this year, when Chelsea played Southampton in the EPL, a Chelsea super fan leaked that star player Reece James hadn’t traveled with the team. Seeing this I rushed to the DraftKings sportsbook and noticing that the odds hadn’t changed, placed a bet on underdogs Southampton. Long story short — Southampton won, and I got paid big. For insider tips, check out Reddit and subreddits like /r/sportsbook.
#2 Avoid Big Parlays
Parlays can be a lot of fun. Though if you’re serious about making money, give the big parlays a miss. Instead, if you’re looking for a way to multiply potential winnings try out DraftKings’ same game parlays and see if you can pick the spread plus a scorer. If you need some inspiration, DraftKings lists the most popular same game parlays for each match in the “Quick SGP” tab.
#3 Focus on What You Know
It’s better to win small than lose big. When you’re first starting off and you’re staring at the DraftKings homepage filled with dozens of games, you might want to dive in feet first and bet on everything. But don’t. When you’re first starting off, stick to the sports you know and the teams you know. Then once you get more experienced, you can branch off to more teams and then maybe a new sport.
#4 Try Different Types of Bets
Moneylines are the types of bets everyone knows. But veteran sports bettors know that you need to check all the markets to find the true value. Look at the spread, the handicap, the team props, the player props — and if you don’t know what any of these terms mean, spend a couple of minutes researching them through our guides. The more you know, the more you’ll make.
#5 Use DraftKings Sports Betting Bonuses
Basic math will tell you that if you have more money to bet with, you’ll make more money in the long run — and by taking advantage of the DraftKings sportsbook welcome bonus of a 20% first deposit bonus, you can claim up to $1,000 in bonus funds. This bonus is only applied to your first deposit and is triggered by releasing $1 for every $25 you bet. In truth, it’s kind of mediocre. And I prefer the FanDuel Sports welcome bonus of a $1,000 no sweat bet. But it’s still bonus money, and if you’re playing at DraftKings sportsbook, you may as well take advantage of it. Other offers can grant you free money on the betting app as an existing user, like the DraftKings Lossback promo and the referral scheme.
Pro Tip: Go for the max bonus value and DraftKings throws in a $50 free bet.
#6 Don’t Bet with Money You Can’t Afford to Lose
You can definitely make money betting on sports with DraftKings. But you can also just as easily lose money. Even if all your predictions are based on sound logic, you never know when the referee will make a dodgy call or a star player will go down with an injury. Sports betting should always be fun. So gamble responsibly. And only bet with money that you can afford to lose.
Tips to Make Money on DraftKings Casino
Just as you can win with the DraftKings sportsbook, you can also win at their casino. With fixed odds games, the strategy is a little different. But if you follow these four tips, you’ll see that the DraftKings casino is as, if not more profitable than the sportsbook.
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Pick Your Preferred Volatility
Do you want to win often, or do you want to win big? Before playing your first game, you should ask yourself — what it is you’re looking to achieve and then pick the game that is most likely to accomplish that goal. Want to win big?
Try any of these mega jackpots games. Want a more skill-based experience that lowers volatility? Try poker. With 927 different games available at DraftKings, you can be sure that whatever you’re looking for, DraftKings will have it.
Play High RTP Games
RTP (Return to Player) is the single most important metric for determining if a game is profitable. The RTP determines what percentage of your money will be returned to you on average. For example, a game like Dead or Alive 2 has an RTP of 96.82% — so when playing it, you can expect to recoup 96.82% of your stake over the long run.
Unlike volatility, you always want to play games with high RTP.
Use DraftKings Casino Bonuses
While the DraftKings sportsbook welcome bonus isn’t all that impressive, the two casino bonuses more than makeup for it. Exclusive to our readers, users who sign up via our links will get $50 upon registration as part of their no-deposit bonus, plus you’ll also get your first deposit matched 100% up to $2,000. That’s $2,050 worth of bonuses just for signing up via our links. Compare this bonus to all their competitors like the BetMGM $1,000 first deposit match + $25 no-deposit, and you’ll find that the DraftKings Casino bonus code is at the very pinnacle.
Understand the Strategy
Different games require different strategies. Whenever you play a new game, you should always ask yourself a few questions. How can I win? If there’s a jackpot, how do I hit it? Should I be taking part in the side bets or just sticking to the base game? If you don’t have the answer to these questions, spend a few minutes reading through the rule books or doing a quick Google search before playing.
And if you’re playing a more skill-based game like poker, you might want to spend even more time studying what the optimal strategy is for any given game. Any time spent studying will pay off in the future. You can even step-by-step guides for select games, like our very own DraftKings Rocket game strategies.
DraftKings Background & Information
DraftKings began its life in 2012 as a daily fantasy sports website primarily for Major League Baseball. It was an instant hit. And DraftKings quickly moved into all of the major American sports, before moving globally to international sports like soccer. Chances are, if you listened to any podcasts back in the mid-2010s, you would’ve heard their advertisements and how they were using their daily fantasy sports to get around the then restrictive sports betting laws.
For a while, fantasy sports was the only thing close to sports betting that US citizens could take part in. But following New Jersey’s historic victory over Nevada in May 2018, the Professional and Amateur Sports Protection Act was declared unconstitutional, and states were given the opportunity to legalize sports betting at the state level. With a global reputation, DraftKings quickly jumped in and by August of that same year, had their first betting site. Many other states have followed since. As has their online casino.
And while they’ve never really been the juggernaut that they could’ve been in the sports betting industry, when it comes to online casinos they are unmatched, having recorded $1.29 billion worth of revenue across the DraftKings brand in 2021.
Steps to Get Started with DraftKings
Whether you’re looking to bet on sports, or try your luck in the casino, getting started with DraftKings is easy. Just follow the below steps to take advantage of their welcome bonuses and start playing at DraftKings to make money today.
- Choose which bonus you want to take advantage of, and then navigate to your chosen site using our secure links.
- In the top right corner of the screen, click the “Sign Up” button.
- Enter your desired username and password, as well as your email address. At this point you may also want to read through the terms and conditions to ensure you’re eligible for the offer. As a reminder, only CT, MI, NJ, PA, & WV are eligible to play at the DraftKings online casino, whereas the sportsbook is open to any permanent residents of AZ, CO, CT, IL, IN, IA, KS, LA, MI, NH, NJ, NY, PA, TN, VA, WV & WY. Once you’ve read through, tick the box confirming that you’re eligible and click “Next”. You may also notice a box for typing in a promo code at this step. Leave this blank though, because if you navigated to the DraftKings website via our links, the bonuses will be applied automatically without the need for a sportsbook promo code.
- On this next page, you’ll need to provide information to verify your identity. This information is important as according to state legislature, DraftKings must be able to prove that you are who you say you are before allowing you to play with them. Once you’ve entered all the relevant information, click “Next”.
- Next up you’ll need to secure your account, after which DraftKings will use their geo-location tools to confirm your location. While the DraftKings betting app allows you to play wherever you are, we recommend that when signing up, you do it from home. This will help DraftKings verify your street address and further confirm your identity. Once that’s done, click “Register”.
- A registration message containing a unique link will then be sent to your email. Click it to verify ownership or your DraftKings account will be suspended.
- That’s it. You’ve now registered at DraftKings. If you signed up to the casino, the $50 DraftKings casino credit will be instantly added to your account; otherwise, you’ll need to navigate to the cashier section and select “Deposit” to deposit money at DraftKings Sportsbook.
How to Bet on DraftKings Sportsbook
Betting at DraftKings is simple. From the homepage you’ll see all the sporting events starting soon, but if you have something specific in mind, you can find it by picking the sport from the menu on the side, and then scrolling through to find the specific game. Once you click on it, you’ll be able to look at all the markets and pick any that interests you.
When you click on it, the selection will go to your bet slip. From there, you can enter the amount you want to bet per selection. Or if eligible, you can parlay them. When you’ve found everything you want to bet on, click the “Place Bets” option and your bets will go live. That’s it. All that’s left is for the game to get underway.
Best Sports to Make Money on DraftKings
To start, the best sports to bet on will be the ones you’re most familiar with. While there’s nothing wrong with occasionally betting on a sport you don’t follow if you’re given a good tip, when starting off you should mainly bet on sports and leagues that you know a lot about.
However, don’t just bet the standard overall game scores. Take a look at the spread, the player props, the handicaps — take a look at every single market for the game you’re interested in. Chances are if you’ve done your homework you’ll spot value in one of them. Though if not, move on to the next game available to bet real money on DraftKings.
How to Play on DraftKings Casino
If you sign up with our links, you’ll be able to play at DraftKings casino without risking a penny thanks to the DraftKings no-deposit bonus of $50. If you’ve got a game in mind you’ll be able to search for it using the search bar at the top of the screen. Otherwise, select your desired game type from the menu on the side. From there, you’ll have a selection of games to choose from.
A little tip to further improve your profitability is to click the “i” icon on the game’s image when first playing a new game. By clicking that, it’ll open up a new screen with a variety of information, including a demo mode. Click that button for free play. All the features of the usual paid game are here, except now you won’t need to risk any money until you’ve learned the game’s ins and outs as well as the optimal strategy. Once you’ve got it down pat, you can switch to the real money mode.
Best Games to Make Make Money on DraftKings
The best game to make money on DraftKings will depend on what you want. If you want a big profit, stick to the jackpot slots. But if you’re willing to study, give table games like blackjack a try. Either way, as mentioned in the above section — RTP is everything. The higher that number is, the more you’ll make.
Alternatively, if you’re looking to grind through bonuses, then one game stands above the rest. Blood Suckers.
With an RTP of 98% and low volatility — it’s a favorite for bonus grinders everywhere. By playing it, you can almost guarantee that you’ll come out ahead with your bonuses, and maybe even a little bit more than you’d expect, thanks to some great bonus games. Before you get started, you can view our rundown of the best DraftKings slot games here.
Cashing out your Winnings!
So, you’ve done the hard work, and now you want to withdraw your winnings. That’s great. Fortunately, unlike a lot of illegal offshore websites that make the withdrawal process a nightmare, DraftKings makes it simple. Just click the “Withdraw” button from your account page and select from any one of their withdrawal options.
- Online Banking
- Wire Withdrawals
- Play +
- Apple Pay
- Many, many more
Processing times can vary depending on the option you choose but do keep in mind that your withdrawal is subject to a couple of extra security steps, so it may take longer than 48 hours for your first withdrawal.
As a bonus tip, make sure that when you withdraw you do so from home. One of the security steps that DraftKings takes when you withdraw is making sure that you reside at the address you’ve provided. By withdrawing from home, their geo-location tools will ascertain that your current address matches your listed address, and the process will go just that little bit faster.
If you win more than you lose on DraftKings, you might want to bookmark our gambling winnings tax calculator.
Is DraftKings legit?
US bettors and sports fans in general will be familiar with DraftKings. Whether you want to play fantasy sports to earn money by building the ultimate fantasy team or you want to wager on your favorite pro team, it can all be done on the DraftKings platform. However, like with betting sites across the world, there will be complaints that are reported from time to time as many people have an unrealistic expectation of wining lots of money quickly and often. If they don’t become wealthy after a while of playing, they become frustrated and take out their frustrations on the sportsbook.
If you want to make good money in betting, you will need to constantly defy the odds and build up your bankroll. With online betting more widely available than ever before, there are now also more strategies that have appeared. Additionally, as tech has advanced, there are now tools and projection systems used to create the perfect fantasy lineups. If you are a fan of in-game betting, you can use the latest stats information as you look to make some in game money.
The answer to the above question is yet, DraftKings is certainly legit. The company has been a market leader in the sports betting industry for a reason. They provide a wide range of betting options, have joined forces with some of the most prominent sports organizations in the world, and are always updating their programs and software to tailor the interests of their users. With all of that said, why not sign up today with your DraftKings promo code and try and win big. It is completely free to register and you can create an account in minutes.
Play at DraftKings Today!
Now that you know how to make money on DraftKings, there’s no reason not to get started today.
Join today by following our secure links to take advantage of one of their awesome welcome bonuses of either a 20% deposit bonus of up to $1,000 for their sportsbook, or a $50 no-deposit bonus plus a 100% first deposit match for as much as $2,000.
Now that you know how DraftKings works, the steps required to play casino games or bet on sports – employ our tips to try and break the bank!
Can you make money with DraftKings?
Yes. Whether you’re playing at DraftKings via their online casino or sportsbook, you can make money. The best way to make money at the DraftKings sportsbook is to bet on sports that you know. Whereas the best way to make money at the DraftKings online casino is to play high RTP games and study optimal strategy. For both though, make sure to use their bonuses.
What is the DraftKings Casino welcome bonus?
The DraftKings casino welcome bonus is a two-part bonus. First, upon successful registration users will get a no-deposit bonus of $50 — if you’re unfamiliar with what a no-deposit bonus is, they’re bonuses that are awarded to users without the need to deposit first. Essentially free money. The second bonus at DraftKings is a first-time deposit match of 100% up to $2,000. This bonus essentially doubles your first deposit up to $2,000 for no additional cost. This gives the total DraftKings casino welcome bonus a max value of $2,050.
What sports can you bet at DraftKings?
While there was once a time you could only bet on a few sports at DraftKings, that time is no longer here, and you can now bet on just about any sport. From American classics like football, baseball, basketball, and hockey — to foreign games like Aussie rules football and European soccer. It’s not just physical sports either. Because with the rise of gaming, DraftKings now allows betting on esports. Plus, there are even regular prop bets including political bets, or betting on the Academy Awards.
Does DraftKings have a sports betting welcome bonus?
Yes. While the DraftKings sportsbook bonus is not as impressive as their casino bonus — they still nevertheless have one. It is a first deposit bonus of 20% to a max value of $1,000. i.e. to take full advantage of it, you’ll need to deposit $5,000. If you claim the maximum bonus, a $50 bet is added in your DraftKings account.
What are the best games to play at DraftKings Casino to make money?
The best games to play at DraftKings for making money are the games with the largest skill element and the highest RTP. Think blackjack and online poker. However, do keep in mind that these games require optimal strategy to make the most money, and if you want to play them, it’ll pay to do your research first. If you’re looking to win big, navigate to their jackpots section to play progressive jackpot slots. Likewise, if you’re looking for the best way to grind bonuses, Blood Suckers will be for you.