In a new promotional offer, Caesars Sportsbook is giving new customers the opportunity to earn up to $1,000 in bonus bets if their first bet doesn't win. This insurance offer, which is commonly seen among top sports betting sites, allows users to place their first bet without the fear of losing. If the bet is a winner, users will receive their cash winnings and the stake will be returned, just like any other winning bet on the platform.

To take advantage of this offer, new users need to create a new account with the promo code NYPNEWS and make a minimum $10 deposit. They can then place a cash bet of at least $10 on any odds of their choice. There are no restrictions on the odds or markets, giving users the freedom to bet on their preferred sports events.

If the first bet is a winner, users will receive their cash winnings and can choose to withdraw the funds or use them for another bet. However, if the first bet doesn't win, Caesars Sportsbook will cover the stake with bonus bets. The amount of bonus bets given will depend on the size of the stake, with a maximum of $1,000 in bonus bets available. These bonus bets cannot be withdrawn as cash but can be used to place bets within the Caesars Sportsbook platform. If a bet placed with bonus bets is a winner, users will receive the cash winnings but will not receive the stake back, as the bonus bets can only be played once.

Caesars Sportsbook is one of the most widely-available sportsbooks, operating in over 21 legal sports betting states. This means that users in states such as Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming can take advantage of this promotional offer.

In terms of betting options, Caesars Sportsbook offers a wide variety of sports events to wager on. For example, on Friday, users can bet on NBA and NHL matchups. One interesting future bet to consider is the Oklahoma City Thunder's chances of winning the NBA Finals. Despite being the current second seed in the Western Conference, the Thunder have the ninth-best odds to win the championship. This presents a valuable opportunity for bettors, as the Thunder are considered legitimate contenders but are still not heavily favored. Placing a $100 bet on the Thunder to win the NBA Finals at odds of +1800 would result in a $1,800 profit if they win. However, if the bet misses, Caesars Sportsbook will deposit $100 of bonus bets to cover the loss.

It's important to note that this promotional offer is only available to new customers and can only be used once. Additionally, bonus bets earned through this offer are valid for 14 days and must be played through before they can be withdrawn.

While this offer is currently available in several legal sports betting states, it is expected that North Carolina will launch sports betting in early 2024. Once sports betting is live in the state, users can expect to find introductory offers from top sportsbooks like Caesars Sportsbook.

As always, it is important to gamble responsibly and know when to stop. If you or someone you know has a gambling problem, there are helplines available in various states to provide assistance. In Illinois, Kentucky, Maryland, New Jersey, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia, you can call 1-800-GAMBLER. In Massachusetts, you can call 1-800-327-5050 or visit gamblinghelplinema.org. In New York, you can call 877-8-HOPENY or text HOPENY (467369).