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How to Bet on DraftKings Sportsbook: Promo Codes, Beginner’s Guide and Tips
DraftKings
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DraftKings Sportsbook is one of the leaders in sports betting, as well as Daily Fantasy.
It has one of the best sportsbook apps and offers one of the best varieties of odds, futures and props across nearly every sport. The website and app is easy to use and has inventive and creative ways to make sports betting an enjoyable and fun experience.
If your state allows online sports betting and you’d like to get started, DraftKings Sportsbook would be a great place to start. Here’s everything you need to know about one of the top sportsbooks in the industry.
What to Know
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Same game parlays
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Great promos and odds boosts
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Strong new user sign-up bonuses
Available States
Today's Best DraftKings Promo
Trending Bets On DraftKings
How To Bet On DraftKings Sportsbook
Step 1: Create Account
Creating an account on DraftKings Sportsbook is pretty straightforward, although you must be 21 years of age or older to participate. First, you will need this information:
- Username
- Create a Secure Password
- Legal Name
- Date of Birth
- Home Address
- Last four digits of your SSN
- Phone Number
- Home Address
From there, you will have to confirm your age and eligibility. You’ll have to download a GeoComply plugin, which allows you to verify your location every time you use DraftKings. You’ll also have to verify your identity and agree to the terms and conditions for the sportsbook.
Step 2: Deposit on DraftKings Sportsbook
There are several options you can use to deposit on DraftKings Sportsbook, although some do come with fees.
- Online Banking
- PayPal
- Debit/Credit Card
- Wire Transfer
- Electronic Gift Cards
- eCheck
- Cash (only available at participating retail locations)
- Prepaid DraftKings Card
All of these methods are available at DraftKings, but must be used to deposit a minimum of $5 – no matter the method.
Step 3: Place a bet
DraftKings has one of the largest selections of available bets. From the four major sports in the United States to international sports, there’s something to bet on for everyone.
NFL
You can bet on the NFL at DraftKings year round. This means from the offseason to the preseason to the Super Bowl.
For each game, you’ll be able to bet on the moneyline, spread and total – as well as game and player props if provided and legal in your state.
On top of the individual games, you can also bet on futures. DraftKings offers futures for player awards, win totals, playoff participation, etc. You can even bet on the upcoming NFL Draft.
Finally, you can also take advantage of the same game parlay feature and/or the flash bet feature – which allows you to bet on the next play of the game.
NBA
Betting on the NBA is similar to betting on the NFL. You can bet on individual games, use same game parlays and bet on futures from the NBA Draft to the NBA Finals.
DraftKings also allows you to bet on 1st basket props, head-to-head player props and even props surrounding record-breaking events.
MLB
With 162 regular season games to bet on per team, DraftKings has bettors covered. There are bets (in-game also) for moneyline, run line and totals. You can also live bet the current batter.
As for the futures, you can bet on the league winners in the offseason and then bet on World Series winners, player awards, division winners and much more.
NHL
When betting on the NHL, there’s a lot you can use to find the perfect bet. You can use the regular puck line, total or spread or you could use alternate lines for each game. Furthermore, you can bet on a team to win in regulation to find a little more value.
DraftKings also allows you to bet on specific goalie props, shots on goal and team totals. There’s a myriad of props available for each game, as well as an elaborate futures market.
Soccer
For normal soccer games, you can bet on a three-way moneyline. For tournament games, you can bet on when the game will end and which team will win outright.
Furthermore, you can bet on goal scoring, assists and many more game props.
Golf
Not only can you bet on the winner of a specific tournament, but you can also bet on a golfer to make or miss the cut or the final position of the golfer.
It can seem hard to bet on a single player to make it out of a tournament, but the odds and payout will reflect that challenge.
Tennis
Betting on tennis is fairly straightforward. You can bet on who you think will win the match, the over/under on the games and/or how many games a player will win by. There are also future bets available for notable tournaments.
MMA
Betting on MMA is also straightforward. You can bet on who will win the fight, the way the fight will end and when the fight will end. You could also bet on who will be the champion of a certain division weight at the end of the year or make a fight parlay.
NASCAR
At DraftKings, you can bet on who will win the race each week and you can also place a future on who will win the Cup Series.
Boxing
Betting on Boxing is similar to betting on MMA, as bettors can bet on a fight winner and the time and manner in which it’s completed.
DraftKings Sportsbook Promos
Where Can You Bet On DraftKings Sportsbook?
There are 19 states where DraftKings Sportsbook is legal. You can place online sports bets in any of those states using the DraftKings Sportsbook app.
States where you can bet on DraftKings Sportsbook online
- Arizona
- Colorado
- Connecticut
- Illinois
- Indiana
- Iowa
- Kansas
- Louisiana
- Maryland
- Michigan
- New Hampshire
- New Jersey
- New York
- Ohio
- Oregon
- Pennsylvania
- Tennessee
- Virginia
- West Virginia
- Wyoming
Where can you bet on DraftKings Sportsbook in person?
- Colorado
- Connecticut
- Illinois
- Indiana
- Iowa
- Kansas
- Louisiana
- New Hampshire
- New Jersey
- New York
- Pennsylvania
- Washington
- West Virginia
Where may you be able to bet on DraftKings Sportsbook in the future?
Arkansas
Online sports betting became legal in April of 2022. Currently, Arkansas law only allows for eight online sportsbooks to have licenses, and all eight are yet to be distributed. DraftKings is on the shortlist of sportsbooks expected to get a license.
Ohio
DraftKings has been in Ohio as a daily fantasy platform for years. DraftKings was approved for a license for Ohio – who launched its online sports betting operations on January 1, 2023.
Nebraska
Nebraska signed a bill in 2021 that allowed for in-person sports betting, but that hasn’t launched yet. Once that bill is set into motion, the doors for online-sports betting will be opened.
Different Types of Bets you can make on DraftKings Sportsbook
Draftkings has nearly every kind of bet available for its users. With all the options available, let’s dive into each one and see what each bet means.
What is a spread bet?
A spread bet is a bet on the margin of victory in a given event. For example, if the Milwaukee Bucks are 2.5-point favorites against the Boston Celtics, then the Bucks must win by three or more points for you to win that bet.
If you bet on the Celtics in this scenario, they have to either win the game or lose by two points or fewer for the bet to cash.
What is a moneyline bet?
A moneyline bet is much simpler, as it is simply a bet on who will win the match. If you bet on the Michigan Wolverines moneyline against the Ohio State Buckeyes, all you would need is for Wolverines to win – regardless if its by one point or 25 points.
Because the margin of victory doesn’t matter, you’ll often find less favorable odds when betting on favorites.
How to Place a parlay?
A parlay bet combines multiple outcomes to create better odds and a higher payout. You can do a same game parlay or you can make picks from different games or sports. Don’t forget though, every leg of the parlay needs to hit for the entire bet to hit.
What’s a futures bet?
A futures bet is a bet on something that will conclude in the future. This could be anything from a one-week tournament winner to picking the Super Bowl winner several months out.
What’s a teaser bet?
A teaser bet is a form of a parlay bet that allows you to change the point spreads in order to get more favorable lines.
It is most commonly used in football, where bettors will tease a game by six points in either direction.
For example, if the Buffalo Bills are 8.5-point favorites in one game, and the Minnesota Vikings are 1.5-point underdogs in another, a bettor can use a teaser to move the Bills line down to Buffalo -2.5 and Minnesota +7.5. Then you would need the Bills to win by 3 points instead of 9 and the Vikings to lose by no more than 7 points instead of 1.
Both bets would need to hit for the bet to win.
How to Make Parlay Bets on DraftKings Sportsbook
To make a parlay on DraftKings Sportsbook, you begin by adding picks to your betslip.
For example, you can add the Cleveland Cavaliers and the Denver Nuggets moneylines for the NBA action for the night.
From there, you can choose the option on the bottom for “2 Leg Parlay” to parlay the picks together. The more picks you add to the betslip, the larger the parlay will be.
How to make Teaser Bets at DraftKings Sportsbook
If you’re looking to place a teaser bet at DraftKings Sportsbook, you first need to add your games to the betslip, similar to the image below:
Once your picks are in, you can select just how much you’d like to tease the games. Each point amount comes with different odds. After you select how many points you’d like to tease, you can then place your bet.
How to Make Over/Under Bets on DraftKings Sportsbook
If you want to place a bet on the total, doing it on DraftKings is extremely simple.
All you have to do is find the game you want to bet on, hit O for OVER and U for UNDER and that’s it.
You’re ready to bet on the total.
DraftKings Sportsbook Features
DraftKings has several features that make it one of the best sportsbooks in the industry. The first is flash bets, which takes live betting to the next level. It allows bettors to bet on the next play and be involved in each game on a micro level.
Secondly, there is parlay insurance. If one leg of your parlay misses, you could be eligible to receive up to $25 dollars back. DraftKings also offers daily odds boosts, allowing bettors to get much better odds on specific props from some of the biggest sports.
