Updated September 4, 2026
Editorial Review By: Gus AndersonSports & Casino Editor
Visit BetRivers
Using one of our links, head over to BetRivers Sportsbook on your smartphone, tablet, or another preferred device by using any of the links we've provided throughout this page.
Create an Account
Create your BetRivers account. You'll just need to provide some basic information about yourself, such as your name, email address, and date of birth. Also, don't forget to
Enter Bonus Code
Enter our exclusive BetRivers Sportsbook promo code BONUSPLAY to opt into the welcome offer!
Make Your First Cash Deposit
Choose one of the accepted deposit options (debit/credit card, online banking, PayPal, etc.), select or enter the amount you'd like to deposit ($10 or more), and confirm the transaction.
Select Your Second Chance Bet
Choose an eligible sportsbook wager and select the Second Chance Bet token on the bet slip before placing your bet.
Receive Your Bonus Bet
If the selected wager loses, BetRivers will credit a Bonus Bet equal to your stake, up to the maximum available in your state. If it wins, your wager is settled 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.
The value and terms of the BetRivers Second Chance Bet vary by state.
States | Max Second Chance Bet | Bonus Bet Expiration | Wagering Requirement |
|---|---|---|---|
IL, IN, LA, MD, MI, PA, VA, DE | $500 | 30 days after issuance | 1x |
CO, NJ | $250 | 14 days after issuance | 1x |
AZ, IA, NY, OH, WV | $100 | 30 days after issuance | 1x |
Meanwhile, BetRivers Casino is legal and available in just five states: Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia. For the latest news and updates regarding its availability in the U.S., you can read our guide to BetRivers Legal States.
The BetRivers Second Chance Bet is a solid welcome offer, especially if you were already planning to place a larger first wager. ATS.io has tested the promotion and received the Bonus Bet as expected after a qualifying wager lost. The credit was issued within an hour in our test. The main limitation is that the Bonus Bet is not cash: only the winnings are returned, and the Bonus Bet stake itself is not included in the payout. That means the real value is lower than the headline amount suggests.
BetRivers Sportsbook also offers ongoing promotions and rewards beyond its welcome offer. Availability can vary by state and account. BetRivers also offers separate casino promotions in eligible states. See our BetRivers Casino bonus guide for the latest offer and terms.
BetRivers regularly offers boosted odds on selected games and betting markets. These promotions can increase the potential payout compared with the standard market price and are typically available in the Specials section.
Customers can earn rewards through the BetRivers Refer a Friend Program when a referred friend signs up and meets the required deposit and wagering conditions.
Referral rewards and limits can change, so check the current terms before participating.
The iRush Rewards Program allows customers to earn Loyalty Level Points and Bonus Store Points through eligible real-money wagers.
Points can help users progress through reward tiers and unlock benefits such as bonus offers, promotional rewards and other account perks.
The welcome promo code is intended for new customers, but existing users can still access ongoing sportsbook promotions.
Current offers, including odds boosts and account-specific promotions, are typically available in the Promotions and Specials sections of BetRivers.
Before we wrap things up, let's help you get to know BetRivers a little better.
Although this section won't be quite as comprehensive and in-depth as our full BetRivers Sportsbook review, you'll still learn quite a bit about this popular U.S. sports betting app!
BetRivers Sportsbook | Key Information |
|---|---|
🌎 Legal States: | AZ, CO, DE, IL, IN, IA, LA, MD, MI, NJ, NY, OH, PA, VA, WV |
🍎 App Store Rating: | 4.4/5.0 Stars |
🤖 Google Play Rating: | 3.8/5.0 Stars |
💰 Minimum Deposit: | $10 |
🏦 Payout Speed: | Within 24 Hours |
💁🏼♀️ Customer Service: | Live Chat, Email, Phone, FAQ Page |
🤞 Bet Types: | Straight Bets, Teasers, Parlays, Same-Game Parlays, & More! |
Pros
Cons
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.