Updated September 15, 2026
Editorial Review By: Gus AndersonSports & Casino Editor
Offers last checked: September 15, 2026.
New BetRivers customers can use promo code BONUSPLAY to claim a Second Chance Bet worth up to $500. The maximum reward and expiration period depend on your state.
Use promo code BONUSPLAY when signing up to claim the BetRivers Second Chance Bet available in your state.
✓ Offer last verified: September 15, 2026
States | Max Second Chance Bet | Bonus Bet Expiration |
|---|---|---|
IL, IN, LA, MD, MI, PA, VA, DE | $500 | 30 days |
CO, NJ | $250 | 14 days |
AZ, IA, NY, OH, WV | $100 | 30 days |
The Second Chance Bet token must be selected on the bet slip before placing your qualifying wager. If that wager loses, you receive a Bonus Bet equal to your stake, up to your state's maximum.
Bonus Bets must be used at -200 or longer, including each leg of a parlay. Only winnings are returned when a Bonus Bet wins; the Bonus Bet stake itself is excluded from the payout.
We tested the BetRivers Second Chance Bet in September 2026 and received the Bonus Bet as expected after our qualifying wager lost. The Bonus Bet was credited to our account within an hour.
Visit BetRivers
Use one of our links to visit BetRivers Sportsbook on your preferred device.
Create an Account
Create your account and provide basic information such as your name, email address, and date of birth.
Enter Bonus Code
Enter BetRivers promo code BONUSPLAY to opt into the welcome offer.
Make Your First Cash Deposit
Choose an accepted payment method and deposit $10 or more.
Select Second Chance Bet
Choose an eligible wager and select the Second Chance Bet token on the bet slip before placing your bet.
Receive Your Bonus Bet
If the wager loses, BetRivers credits a Bonus Bet equal to your stake, up to your state maximum. If it wins, the wager settles normally.
You only get the bonus if you lose
Win your qualifying first wager and there is no Bonus Bet. Lose it, and BetRivers returns your stake as a Bonus Bet, up to your state’s maximum.
The maximum varies by state
The Second Chance Bet is worth up to $500 in certain states, while others currently have maximums of $250 or $100.
-200 minimum odds on the Bonus Bet
Once credited, the Bonus Bet must be used on a market priced at -200 or longer.
Stake isn’t returned
If your Bonus Bet wins, you receive the profit as cash. The Bonus Bet stake itself is not included in the payout.
Bonus value
$500
Typical bet (-110)
$500 → win $454.55
Win probability*
52.4%
Expected return
~$238 in cash
Stake returned on win
❌ NoImportant: You only receive this $500 Bonus Bet if your qualifying first wager loses, and $500 is only the maximum in eligible states.
❗
A statistical illustration using the implied probability of -110 odds. Actual returns depend on the wager selected and its true probability of winning.
BetRivers Sportsbook is currently legal in 15 U.S. states. Retail sportsbooks are also offered by BetRivers in Colorado, Illinois, Indiana, Iowa, New York, Pennsylvania, and a handful of other states across the U.S.
BetRivers offers ongoing promotions and rewards beyond its welcome offer, although availability varies by state and account. Existing users can find current offers in the Promotions and Specials sections.
BetRivers regularly offers boosted odds on selected games and markets, giving bettors a better price than the standard odds.
The BetRivers Refer a Friend Program rewards eligible customers when a referred friend signs up and meets the required deposit and wagering terms.
The iRush Rewards Program lets customers earn Loyalty Level Points and Bonus Store Points through eligible real-money wagers. Points can unlock reward tiers, bonus offers and other perks.
Offers and eligibility can change, so check your BetRivers account for the latest promotions and terms.
BetRivers also runs separate casino promotions in eligible states. See our BetRivers Casino bonus guide for the latest offer. For a broader look at betting markets, payments, features and customer support, see our BetRivers Sportsbook Review.
We review the BetRivers welcome offer with particular attention to how the Second Chance Bet works, since the maximum reward and key terms vary by state.
We verify the current BetRivers promo code and confirm the requirements for activating the Second Chance Bet offer.
We check the maximum Second Chance Bet available in each eligible state, along with differences in expiration periods and other restrictions.
We review the deposit requirements, eligible first wager, and how the Second Chance Bet token must be applied before the bet is placed.
We check what happens when the qualifying wager loses, how the Bonus Bet amount is calculated, and when the credit should reach the account.
We review the odds restrictions and payout rules, including the fact that the Bonus Bet stake isn't returned with the winnings.
We recheck the promotion when BetRivers changes its promo code, state limits, expiration rules, or other key terms, and date-stamp our latest verification.
We verify the current BetRivers promo code and confirm the requirements for activating the Second Chance Bet offer.
We check the maximum Second Chance Bet available in each eligible state, along with differences in expiration periods and other restrictions.
We review the deposit requirements, eligible first wager, and how the Second Chance Bet token must be applied before the bet is placed.
We check what happens when the qualifying wager loses, how the Bonus Bet amount is calculated, and when the credit should reach the account.
We review the odds restrictions and payout rules, including the fact that the Bonus Bet stake isn't returned with the winnings.
We recheck the promotion when BetRivers changes its promo code, state limits, expiration rules, or other key terms, and date-stamp our latest verification.
Updated September 15, 2026
Editorial Review By: Gus AndersonSports & Casino Editor
The $500 Bonus Bet promotion at BetRivers Sportsbook offers a second chance bet of up to $500 to all new customers. In other words, if your first wager happens to lose, BetRivers will give you a "second chance" by providing a full refund of up to $500 in bonus bets.
Yes! You can use our exclusive BetRivers bonus code BONUSPLAY to unlock a Second Chance Bet of up to $500 in IL, IN, LA, MD, MI, PA, & VA, $250 in CO, DE, & NJ, or $100 in AZ, IA, NY, OH, & WV.
The BetRivers $250 Promo is the sportsbook's latest welcome offer in Colorado, Delaware, and New Jersey! You can sign up today and get a Second Chance Bet of up to $250 if your first wager happens to lose.
No. Unfortunately, BetRivers Casino does not currently offer a no-deposit bonus. However, new customers can sign up today and get 100% of their net losses back (up to $500 in MI, NJ, and WV; up to $250 in DE) for the first 24 hours of play. In addition, new players in Pennsylvania can claim a 100% deposit-match bonus of up to $250!
The BetRivers Casino promo code is "CASINOBACK" in Delaware, Michigan, New Jersey, and West Virginia; this exclusive bonus code will unlock the 24 Hours of Losses Back promotion and give you a chance to recoup 100% of your net losses. In addition, the BetRivers Casino bonus code for Pennsylvania players is "PACASINO250." You can use this exclusive code to get a 100% match on your first deposit of up to $250.