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Caesars Sportsbook Promo Offers Crazy $5,000 Risk-Free Bet for NFL Week 5, MLB Playoffs, and More

Ryan Metivier

by Ryan Metivier in NFL Football

Oct 7, 2021 · 3:00 PM PDT

Caesars Sportsbook promo
New England Patriots center David Andrews (60) prepares to hike the ball to quarterback Mac Jones (10) at the line of scrimmage during the first half of an NFL football game against the Tampa Bay Buccaneers, Sunday, Oct. 3, 2021, in Foxborough, Mass. (AP Photo/Greg M. Cooper)
  • Caesars Sportsbook continues their $5,000 risk-free bet offer into the NFL Week 5 schedule
  • Use this offer for this weekend’s NFL games or the MLB playoffs
  • See how you can claim and take advantage of this offer below

A whopping $5,000 is up for grabs to new customers at Caesars Sportsbook this week. Simply sign-up a new account, make a first-time deposit and your first wager is risk-free up to $5,000 If it loses, Caesars will refund your stake!

See all the details on this incredible offer below.

Caesars $5,000 Risk-Free Bet Offer

State Offer
Caesars Arizona   Claim $5K Risk-Free Bet
Caesars Colorado   Claim $5K Risk-Free Bet
Caesars Indiana Claim $5K Risk-Free Bet
Caesars Iowa Claim $5K Risk-Free Bet
Caesars Michigan Claim $5K Risk-Free Bet
Caesars New Jersey   Claim $5K Risk-Free Bet
Caesars Tennessee Claim $5K Risk-Free Bet
Caesars Virginia Claim $5K Risk-Free Bet

How to Claim the Caesars Sportsbook $5,000 Risk-Free Bet Promotion

First, you’ll need to choose your state from the list above and go to the “Join Now” section.

When you’re signing up your new account, you’ll be asked to provide the following: full name, date of birth, phone number, address, and Social Security Number.

Following this, you’ll be asked to upload government-issued ID to verify your account and to choose your deposit method.

Use the promo code “SBDIMERF” to claim this offer.

Caesars $5,000 Risk-Free Bet Terms & Conditions

See the complete terms and conditions for this Caesars Sportsbook offer here.

  • Available to new customers
  • Must be a resident of AZ, CO, IN, IA, MI, NJ, TN or VI
  • Customers must be at least 21 years of age
  • Must opt-in to offer using promo code “SBDIMERF”
  • The promotion applies to your first wager. If this wager is a loss, Caesars Sportsbook will credit your account the same value up to $5,000
  • The bonus funds are paid out as bet credits. Bet credits are not equivalent to cash; winning wagers made with bet credits return the profit only, not the original stake.

How to Use This Caesars Sportsbook Promo

I always look at this offer from two mindsets when considering how to take advantage of it.

If you can afford to fund your account with $5,000 off the hop, then firstly, that’s the thing you should do.

Next, decide what kind of strategy you prefer for this wager. A $5,000 bet, even made on a favorite, can still return quite a decent payout. Looking at the NFL Week 5 schedule, the heavy favorites on the moneyline include the Vikings (-390 at home to the Lions), the Buccaneers (-500 at home to the Dolphins), and the Patriots (-425 on the road to the Texans).

You may not win a huge payout from betting one of these teams, but the odds say you are very likely to win.

Alternatively, if you are a little more adventurous and want to take this opportunity to pick out a dog at long odds, this is certainly the time to do so. There’s nothing to lose and a big payday to gain. Take one of the big dogs mentioned above, or even a short dog, like the Buffalo Bills on Sunday night, and you could win $5,000 or more. If your bet loses, Caesars will refund your stake.

You can take the same approach to one of this weekend’s MLB playoff games if you prefer as well.

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