MaximBet Celebrates the Holidays with XMAX Race Promotion

A Kansas City Chiefs fan dressed as Santa Claus during the game between the Miami Dolphins and Kansas City Chiefs. Jason Hanna/Getty Images

MaximBet is offering customers cash prizes, game tickets, signed jerseys, and Bonus Bets as part of a festive promotion called XMAX Race. 

This promotion is available to all existing MaximBet customers. If you do not have an account, you can sign up and claim a very attractive 100% deposit match welcome bonus. 

It is one of the best sign-up bonuses in the country, as you can earn up to $1,000 in Bonus Bet credit. You will initially receive a 100% deposit match worth up to $500, and you can then claim a 100% match up to $250 on your second deposit, and up to $125 on your third and fourth deposits. 

That means up to $1,000 in bonus credits is up for grabs. All bonus credits come with just a 1x wagering requirement, so any winnings you earn will be paid in cash. 

When you have signed up and claimed your welcome bonus, you can start to take part in the XMAX Race. 

How the XMAX Race Works 

As you deposit and place wagers at MaximBet, you will earn leaderboard points. If you make your way into the top 10, you get Bonus Bet credits. The top 20 points earners get “something amazing, like game tickets, signed jerseys, and more”, according to MaximBet. 

You get 1 point for every deposit of $10 to $19, 2 points for a deposit of $20 to $49, 5 points for a deposit of $50 to $99, and 10 points for a deposit of $100 or more. MaximBet will also give you 1 point for a single bet on football, basketball, or hockey, 3 points per single bet on other sports, and 5 points for live bets. 

It also issues 4 points for placing a 2-leg parlay, 6 points for a 3-leg parlay, and so on, all the way up to 20 points for a parlay with 10 or more legs. 

The race begins from midnight on a Friday until the following Thursday at 11:59 p.m. The race then ends, and a new race begins. The top 10 each week share $2,000 in Bonus Bet credits, and MaximBet promises “legendary prizes” to December’s best performers. 

What is MaximBet? 

MaximBet is an online sportsbook formed as a partnership between a company called Carousel Group and the publisher of Maxim, the men’s lifestyle magazine. 

Carousel Group initially launched an online sportsbook in Colorado called in 2020. That sounds like a winning name, but Carousel abandoned it after tying up the deal with Maxim to launch MaximBet instead. 

The company owns proprietary, so it rebranded as MaximBet, overhauled the website, and launched a bunch of exciting promotions in a bid to seize market share from prominent rivals in Colorado. 

The plan is to eventually roll the brand out into more states – it has market-tied-up market access deals for Indiana, Iowa, New Jersey, and Pennsylvania, plus Ohio – but it is currently only available in Colorado. 

You will enjoy a unique betting experience, as it operates on in-house technology, and it also tends to provide reduced juice NFL lines, so it has the potential to become a very popular online sportsbook. 

We have already described the welcome bonus above, but there are lots of additional promotions too. They are generally “Bet and Get” offers – for example, you can bet $20 on a player points prop total in an NBA game and receive $3 in Bonus Bets for each 3-pointer that player scores – and rebates on losing wagers, while there is also parlay insurance and a loyalty program.