Caesars Sportsbook promo code NEWS1000 unlocks $1,000 First Bet On Caesars for College Football Playoff Alabama vs. Michigan, Texas vs. Washington

Place your bets on the College Football Playoff with Caesars Sportsbook promo code NEWS1000. New bettors will have a forgiving backstop in place on any initial wager. Activate Caesars Sportsbook promo code NEWS1000 to get a $1,000 first bet on Caesars.

That means if your first bet at Caesars loses, you the sportsbook will refund your account with a bonus bet in the amount of your original wager, up to $1,000.

Sign up today before kickoff of Alabama vs. Michigan in the Rose Bowl and Texas vs. Washington in the Sugar Bowl.

How to claim Caesars Sportsbook promo code NEWS1000 for up to $1,000 First Bet On Caesars for CFP semifinals

Sign up with Caesars Sportsbook promo code NEWS1000 to activate a $1,000 bet on Caesars.

This is a great welcome offer because it provides new players with a ton of flexibility. Any losing bet up to $1,000 will be covered by Caesars. Additionally, this first bet can be made not only on the College Football Playoff, but the NBA, NFL or any other active market.

Here's how to claim it:

• Enter promo code NEWS1000 when prompted
• Register your account using your personal information
• Choose a banking option and make your initial deposit
• Place your first wager

That's it. If your wager wins, it will payout based on the odds involved. If it loses, Caesars will refund your account with a bonus bet in the amount of the original wager, up to $1,000.

Use Caesars Sportsbook promo code NEWS1000 to bet on Alabama vs. Michigan, Texas vs. Washington odds

Here are the live betting odds for Alabama vs. Michigan in the Rose Bowl:

And here are the live betting odds for Texas vs. Washington in the Sugar Bowl:

College football’s semifinals take place on New Year’s Day with a a pair of matchups that oddsmakers view as pretty competitive. Texas is favored over undefeated Washington and Alabama is definitely a live ‘dog against No. 1 Michigan, coming off a huge upset over previously top-ranked Georgia. 

The Wolverines have been able to ride their run game to thrive in the Big Ten, but they won’t win this game if they can’t diversify their offense. The Crimson Tide have done a nice job improving on the offensive side of the ball since losing at home to Texas in September, encouraging QB Jalen Milroe to trust his instincts and run the ball more.

Milroe isn’t the passer Bryce Young was, but is capable of beating teams with his feet and will give Michigan problems since his skill set isn’t one they see in the Big Ten often.

Alabama’s physicality should pose problems for the Wolverines in what will likely be a low-scoring game. Take a shot with the underdog and ride the UNDER as a top total.

Texas, meanwhile, will need to find a way to slow Washington's high-powered passing attack, led by Heisman runner-up Michael Penix Jr. 

With a few stops, the Longhorns will likely give Quinn Ewers, Xavier Worthy and the Texas offense enough to find a way to win. But Washington has made a habit of playing in close games, so take the points, especially if it stays above a field goal.

Regular Caesars Sportsbook promotions

Along with the $1,000 bonus, Caesars has plenty of ongoing promotions for existing users to enjoy, including:

• Profit boosts: Earn enhanced payouts on select wagers.
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