With online betting sites in Arkansas expected to be approved sometime in 2022, we take a close look at DraftKings Arkansas so sports bettors know what to expect when the DFS-powerhouse-turned-leading-sportsbook comes to Arkansas.
Overview of DraftKings Arkansas
DraftKings made its name as a giant in the Daily Fantasy Sports space and seamlessly expanded into the sports betting world in the US. When the Supreme Court opened up the gates in 2018, DK was first on the block with an online betting site. Now they’ve set up shop in just about every state that has legalized sports betting.
DraftKings Arkansas Promo Code
DraftKings has created a strong brand via tie-ins with the NHL, MLB, and ESPN. DK lets you bet on sports from the hugely popular NFL to more niche sports like Premier League Darts and Australian Rules Football.
20% Match Up to $1,000
New users at DraftKings get a bonus of 20% of your deposit value, up to $1000. In order to receive the full $1000 bonus, you’d have to deposit $5000. It's actually a credit eligible for use on any DraftKings market of -300 odds or greater. You get $1 in credit into your account for every $25 you wager and it will accumulate up until you receive your full bonus. $1000 is a large bonus relative to other legal wagering platforms, but the effective 25x rollover requirement is on the high end.
Daily Free to Play Pools
DraftKings offers many pools each and every day. Some carry small charges, others are completely free to play. All pools have cash prizes at the end. In a typical pool, you’ll answer a series of questions about the event, such as “will the Tennessee Titans score over 21 points”, “who gets the most receiving yards”, et al. And if you win or finish near the top, you get a cash prize with no strings attached.
Features of DraftKings Arkansas
The best online betting sites offer a variety of attractive features. You will find all of the following on DraftKings Arkansas.
The DraftKings Arkansas app and website offers Live Betting on a huge array of sports. Just log on and if there is a major sport going on, you will see Live Markets right on the middle of the screen on either the app or website.
If it's a less popular sport, you just need to hit up the tab for that sport and you will find Live Betting markets there. When you see a particular game you would like to place a wager on, click on the side you want and your bet will populate a Bet Slip on either the right side of the website, or on the entirety of the app. Pick a wager size and hit “Enter” and you are set, it's a very quick process.
Live markets do change quickly, so DraftKings will ask if you would like to “Accept All Changes” so double check that the price is still in a range that you like.
Cash-Out Early Options
Have second thoughts about a wager? DraftKings Arkansas offers Early Cash Out options on many bets. Go to the My Bets tab and you will see your open wagers. If you see a yellow “Cash Out” button, you can cancel out your wager by just clicking on the button, then clicking again to confirm.
Always remember that betting markets change, so the Cash Out might be for a lower amount than your original bet. It's also possible the market moved in your favor and you can Cash Out for a profit.
Same Game Parlay Betting
Legal betting sites all love to promote Same Game Parlays, and DraftKings is no exception. If you see a green box with “SGP” next to a point spread, then Same Game Parlays are available for that event.
Click on the game, the toggle on the “Same Game Parlay” button and you will see all sorts of game lines, totals, props and assorted other markets to add to the parlay. Click on at least two and DraftKings will price the Same Game Parlay for you.
Enhanced Odds Options
DraftKings frequently offers Odds Boosts. The industry standard -110 price on straight bets for example means you need to risk $110 to win $100. That’s the “juice” or “vig”, essentially where the legal betting sites make their profits.
An Odds Boost, usually expressed in percentage terms and offered with quantity limits (say 20% odds boost with a max bet of $50) pushes those odds in favor of the sports bettor. So now instead of -110 you are maybe getting a +110 or +120 payout on your wager. This is effectively money in your pocket, so take advantage any time you can.
Types of Bets Available with DraftKings Arkansas
DraftKings Arkansas offers all sorts of retail sports betting options. Pick a type of wager you like and DraftKings probably has it. Here are some of the options.
A typical futures bet is a wager on some event to occur by the end of a season. Maybe it's +1400 on the Arkansas Razorbacks to win the SEC basketball tournament. That means a bettor who risks $100 will win $1400 if Arkansas prevails. There are also futures bets on win totals, usually of the Over/Under variety such as “-110 on Arkansas State Red Wolves over 7.5 wins”. In this case, you would need to risk $110 to win $100 if Arkansas State wins 8 or more regular season games.
A Moneyline Wager is a bet on the winner of the game. For example, you see the Dallas Cowboys -190 vs the Philadelphia Eagles at +160. If you bet on the Cowboys, you would have to risk $190 to win $100 if they win. Conversely, a bet of $100 on the Eagles wins you $160 if they prevail.
Over/Under (Totals) Wagering
This is a bet on the total points scored in a game. If it's baseball, it's Total Runs, and hockey and soccer its total goals, et al. On the game above, a typical market might be Cowboys-Eagles Over/Under 48.5 points. If the two teams combine for 48 points or fewer, the Under bet wins. If they total 49 points or more, the Over players cash their tickets. Totals standardly price at -110 on each side, sometimes tilting a bit if there’s excess action on one side, but not enough to move the underlying Total.
A parlay is a bet containing at least two “legs”. Those legs can be any type of bet, such as point spreads, totals, money lines or props. And the legs can even be in different sports. In order to cash a parlay ticket, all the legs must win. So say you like the Cowboys money line, the Over in the Arkansas-Alabama college basketball game and the Memphis Grizzlies to cover -4.5 vs the LA Lakers. You can combine all those into one parlay. The payout will depend on the prices of each individual market. Online betting sites love parlays as their profit margins increase exponentially with each leg, so look for Boosts and specials and possible correlations between legs to enhance your odds to profit on parlays.
Props are bets on specific achievements. There are player props, such as “Lebron James Over/Under 23.5 points vs the Memphis Grizzlies. There are also team props like “St Louis Cardinals over 7 hits vs the Cubs”. Click on any game and you will find props galore, especially if its the Super Bowl.
Spread bets are the most popular bets of all. “-110 on the Tennessee Titans -7.5 vs the Houston Texans” is an example of a spread bet. If you risk $110 on the Titans and they win by 8 points or greater, you win $100.
Mobile Sports Betting App
DraftKings sportsbook app rates a very high 4.8 on the App Store and 4.6 on Google Play. The app is fast and intuitively laid out. Once you log on you will see the biggest current games at the middle and bottom of the first screen. If any of them are live, you can just click on a market and bet it right there. Up higher on the screen you will see some daily promos and further up you can toggle on over to the DraftKings Casino (if approved in state) or Daily Fantasy sports on a separate app.
Betting on the Desktop Interface
DraftKings website has everything the app has, just on a much larger screen. You will still find all the largest current markets on the main screen, but now you will have quick access to every other DraftKings market lining the left side of the page. It's very easy to find the game you are looking for and you can place a wager within two quick clicks.
DraftKings Sportsbook offers a unique Dynasty Rewards program. Once you open an account, you are automatically enrolled. Every time you bet or play DFS on DraftKings, you earn Crowns and advance your “Dynasty Status”. You can then redeem the crowns in the DraftKings Dynasty Store for all sorts of things from site credits to merchandise to gift cards to vacations. You start at “Bronze” level, but then potentially move up depending on how many crowns you earn each month. 500 crowns gets you to silver, 2000 gets you to gold et al. And if you really bet a lot, you get into a VIP level with enormous perks.
In order to see your status, click on the “Crowns” tab near the top right of the website on your “Account” screen on the app. It will show you your progress towards the different status levels as well as your available rewards.
Wagering Lines & Odds
The legal sportsbooks all tend to price spread bets and totals at -110, and DraftKings is no exception. They also tend to post similar markets to the rest of the books, so you won’t find outliers on DraftKings more often than at other spots, They are generous with their Odds Boosts so you will often find attractive plays there. And unlike other books, they don’t always tie it to their higher margin Parlays.
Deposits & Withdrawals
Legal sportsbooks want your action and they want to make it as fast and simple as possible to start online gambling. Here’s how you get started.
Once you log into DraftKings Arkansas, click on the “+” sign at the top right on the App, or click on the “Deposit” tab in the top right corner of the website and you will see an array of options on how to deposit funds into your account. The easiest is simply linking your bank account and using ACH. But if you prefer, DraftKings also takes credit cards, Paypal, gift cards, E-Checks, and prepaid cards. Just type in the amount you intend to deposit, click on your method of payment, then add any further info such as your credit number or routing info, and then click in the green deposit button on the bottom and you’re set. Your money is available to bet online within seconds.
It's easy to withdraw funds from DraftKings, though there aren’t quite as many options as there are to deposit. Click on the same Account tab as in a deposit, then toggle over to “Withdraw” and enter an amount. DraftKings gives you four choices on how to receive your money. One is “Cage”, which is available in an hour but requires you to go to an affiliated casino to collect the funds. The other choices are PayPal, a check and a prepaid card. Paypal takes 3-5 days, a check takes 7-14 days and a prepaid card takes 2-4 days. It's all easy, but will take a little time to receive the funds.
DraftKings Arkansas Payout Methods