Parx Sportsbook is one of the first official betting sites that appeared in the USA since sports betting was regulated in the state. The operator offers a versatile portfolio of betting options, both pre-match and live, and a generous welcome offer to all its new players.
We examined the Parx Sportsbook welcome bonus and other promotions offered by the operator and we bring you a detailed look at what you can expect after signing up. Like most other bookies around the world, Parx offers a risk-free bet to all newly registered players and this short guide will take you step by step through the process of claiming your free bet, fulfilling the wagering requirements, and cashing out your winnings in the end. Let's present the welcome offer to get started.
Parx Sportsbook Promo Code: $500 for Your First Deposit
To sign up with Parx Sportsbook, players must be 21 years of age and reside in a state in which the operator is licensed. Anyone who meets these simple terms can easily sign up for a free account, which immediately makes the player eligible for the welcome bonus. Keep in mind that Parx Sportsbook staff, employees of the various regulatory agencies for gambling and other people directly involved with the operation of sportsbooks are not eligible for the bonus offer.
Once registered, players need to make a minimal deposit of USD 10 in order to receive the free bet. The value of this Parx Sportsbook promo can be anywhere between USD 10 and USD 500 depending on how much the player is willing to deposit. The first deposit is matched in full, but only as a free bet. What this means is that the player will have to wager the amount they wish to get refunded in the case of a losing bet.
To make a simple example, if player deposits and wagers USD 500 at once, and their wager is a losing one, they will get a refund worth USD 500 into their account. They must then use this free bet to make another single wager. Any winnings from this new bet are paid out to the player, but the bonus money itself is removed once the bet is settled.
Interesting Offer, but Can I Use my Preferred Deposit Method?
Many international sportsbooks restrict the use of some deposit methods in their bonus offers to avoid fraud attempts. This is usually not the case with American bookies and is certainly not the case with Parx Sportsbook, as all deposit methods on offer are eligible for the welcome bonus.
Whether you prefer to make your deposit straight from your MasterCard or Discover, via ACH or PayNearMe, your bonus will be activated the moment your deposit is available in your balance. Players can even make a deposit live at the Parx Casino cage and the money will be deposited into their online account and their bonus activated.
Let’s Go: I Want to Register!
So you like the offer and want to sign up? The process could hardly be much simpler, but we still want to help you and make it as clear as possible to avoid any confusion. The entire registration process can be summarized in a few bullet points, so here they are for the simplest way to register with Parx Sportsbook:
- Click the Sign-Up Button: The sign-up button is located in the top right corner of the home page next to the login button which you will use once you have an account. Simply clicking this button will bring up the registration form.
- Enter Your Details: The next step in the process is to enter your personal details. You will be asked to enter your email, date of birth, and username as well as pick your password and security questions and answers. Additional personal information will also be required such as telephone number, partial social security number, and physical address.
- Confirm Your Email: To confirm you are an actual person and that you own the email account you entered, you will need to click a link that is sent to you via email. Once you click the link, you will be redirected back to the Parx Sportsbook website.
- Make Your Deposit: If you are looking to get your Parx Sportsbook welcome bonus, you will now need to make a real money deposit. Remember you don’t have to do this right away and you don’t need to use any Parx Sportsbook promo code to be eligible for the bonus. Any deposit between USD 10 and USD 500 will trigger the bonus.
- Claim Your Bonus: Once you have made your deposit, the bonus will become active. However, remember that you will only get a refund on your money if your first real money bet ends up being a losing one. If you win, you can be happy enough with the actual winnings.
Parx Sportsbook Bonus Conditions in Detail
The Parx Sportsbook welcome bonus is available to all new players on the site but it does come with a few basic conditions attached. Before anything else, you should understand that the bonus money is not immediately added to the player’s balance, but rather only in the case that the player’s first bet on the site is a losing one.
In this case, the amount that matches that first bet up to USD 500 is paid into the player’s balance in the form of a free bet. This free bet must then be used to place a single wager with any odds. The bet needs to be wagered only one time and all winnings from the bet are paid out as real cash. However, the free bet amount itself is not paid out but is rather removed from the player’s account following the bet.
The free bet can be used to bet on any sporting event of the player's choosing and all markets are open. Since the money is not cashable, it simply serves as a second chance on the first bet and for that reason, it is free of any excessive wagering requirements. There is no time restriction either, so players can wait for a favorable bet to pop up instead of betting on the first thing that comes up.
Bonus & Condition details
Tips: How to Fulfill the Wagering Requirements
The welcome offer at Parx Sportsbook is quite a lucrative one given the size and simple wagering requirements. However, we want to make sure that you get the best out of it so we have prepared a few simple tips that you can follow that will help you get the most value from your free bet and avoid any complications.
- Take a chance: Your first bet at Parx Casino up to USD 500 is completely covered and free. For that reason, we highly suggest that you take a chance and bet on longer odds to try and make a huge profit. If you end up losing, you will get your free bet and an easy chance to win back your losses.
- Bet what you know: Even though your first bet will be refunded if you lose, we still suggest betting on a sport and market you understand in order to increase your chances of success. Ideally, you want to win on your first bet and never need that refund at all.
- Calculate with your free bet: If you do lose your initial bet, it’s time to do some strategic betting. Try to win back your losses by making a single smart bet with limited odds. Don’t overextend yourself this time, since now you are actually risking real money and you want to make sure you get back your initial deposit if possible.
Top 5 Common Mistakes in Fulfilling the Turnover
The terms and conditions of the Parx Sportsbook welcome bonus are very simple to understand, but mistakes can still happen regardless. Here are a few things to look out for that we have noticed people tend to get wrong or make mistakes with when taking bonuses like this:
- You don’t need a code: Some people are familiar with getting bonuses through bonus codes, but you don’t need a promo code for Parx Sportsbook. Simply sign up for an account and don’t worry about the bonus, you will get it the moment you make your first deposit.
- Deposit the maximum: The welcome bonus at Parx Sportsbook is worth up to USD 500, but to get that full amount, you will have to deposit USD 500 and wager it all at once. You can make a smaller deposit as well if you want, but to get the full value of the offer, you should go for the max deposit as well.
- The bonus amount is not cash: When you get your free bet, you will be able to wager it on any market. However, don’t expect that bonus amount to be included in your winnings. Only the profit from the free bet will be paid as cash.
- Don’t be reckless: Betting recklessly with your free bet is a sure way to lose it forever. Make a smart bet on a sport you know well, try to go for even money odds, and look to get back what you have lost on your initial bet.
- You can’t cash out your free bet: This goes without saying, but your free bet cannot be withdrawn. For that reason, don’t contact the customer support to ask why you can’t request a cashout but rather use the free bet and try to get some actual cash profits from it.
Parx Sportsbook Reload Bonus & Promotions
Signing up with Parx Sportsbook without any Parx bonus code will give you the USD 500 welcome bonus, but this is not the end of extra value offers the operator has for its players. On the contrary, this sportsbook provides one of the most comprehensive packages of extra promotions and bonuses of all USD based bookies.
The promotions for existing players at Parx Sportsbook are always changing, but there are always at least a few active promos that players can benefit from. Examples of these promotions include a mobile play leaderboard which awards players who play via the Parx Sportsbook app as well as boosted odds and profit boosts for select markets.
At the time of writing this review, players who wagered USD 50 on UFC matches would receive a USD 100 bonus, promoting the UFC betting market and adding value to casual fans and hardcode bettors alike. Promotions like this are also run during special sporting events like the Super Bowl or the World Cup to help players get the most fun and profit for their betting experience.
FAQ: Often Asked and Answered Here
All American players who are at least 21 years old can sign up for a real money account with Parx Sportsbook. However, to play for real money, every player will have to play from an address in one of the states in which the operator is licensed for real money sports betting.
To claim the welcome bonus at Parx Sportsbook, you will need to create an account and make a deposit. Any deposit starting from USD 10 will count for the bonus, with the maximum bonus amount being USD 500. If you deposit more than that, you will get the full USD 500 bonus.
Your free bet, which can be worth up to USD 500, only becomes available once your first bet with Parx Sportsbook loses. If your first bet is a winner, you will not get any free bet. If you do lose, the entire amount of the first bet will be refunded, up to the maximum.
The USD 500 free bet at Parx Sportsbook is subject to a 1x wagering requirement with no restrictions in terms of betting markets. You will simply need to use the free bet on any market of your choice and all profit you acquire from that bet will be paid as real cash.
If you have acquired a free bet, you will not be able to cash it out before you wager it once. When you have wagered the free bet, you will receive profits from it in your real money balance. You can immediately request a cashout of these funds or keep playing with them as you like.