Stake Referral Code India: WHSMAX for ₹1,20,000 Bonus (2026)

Pritthijit Ray

The Stake referral code is WHSMAX. New players from India can enter the code when they sign up at Stake to receive a massive 200% bonus on their first deposit, up to ₹1,20,000. We’ve tried the signup bonus ourselves and can say it’s working just fine as of November 2026.

What is the Stake Referral Code?

The table below shows the bonuses you can get with the Stake code. This includes a sports welcome offer of up to ₹1,20,000 and special promotions for soccer, cricket, and other sports.

Stake Offer	Offer Details	Stake Referral Code
Sports Welcome Bonus	200% up to ₹1,20,000	WHSMAX
Soccer- 90th Minute Payout	Get paid out up to $100 if your team leads but doesn't win	WHSMAX
Indian Cricket - Early Six You Win	Get paid out up to $25 if your team scores a six in 1st over	WHSMAX

Stake Welcome Bonus Offer Simplified

Enter the Stake referral code WHSMAX during registration to receive a 200% welcome bonus, up to ₹1,20,000, on your first deposit.

Make sure to deposit a minimum of ₹500 within 24 hours of joining to qualify for the bonus.

More details on the actual wagering requirements and the validity of the welcome code offer on Stake are given below.

Stake Referral Code Offer	Bonus Details
Stake Code	WHSMAX
Bonus Percentage	200% Match ( Deposit ₹500, Get ₹1000 Bonus, Play with ₹1500)
Maximum Bonus	₹1,20,000
Minimum Deposit	₹500
Wagering	40x
Validity	7 days

Stake Bonus Wagering Example

Here’s a quick look at how the Stake WHSMAX bonus plays out when you make your first deposit.

Let’s say you sign up with code WHSMAX and deposit ₹1,500 to start with. That gets you a ₹3,000 bonus from the 200% deposit match, for a total starting balance of ₹4,500.
You’ll need to bet the bonus amount 40 times over. So, that’s ₹3,000 bonus times 40, which comes to ₹1,20,000 in total bets. In other words, you’ll need to place wagers worth that much in 7 days to turn your bonus into cash you can withdraw.

Why No Minimum Odds is a Big Plus

Most bookies, like 4rabet or Parimatch, make you bet at odds of at least 1.50 or even 2.20 for it to count towards your bonus, but not having a minimum odds rule can be a real advantage.

Stake doesn’t have this rule, so you can place bets at any odds you want. Here’s how you can make the most of it:

With no minimum odds, it is now possible to bet on strong favourites at odds like 1.10 or 1.20, and every rupee still counts toward your ₹2,40,000 target. We found that it is quite possible to keep the main balance safe while slowly working through the wagering.
With no odds limits, you can look for low-risk options or live matches where one side is well ahead. This lets you get through your bets quickly without having to take a punt on outsiders just to meet the rules.
On sites with a 2.20 odds minimum, you end up losing loads of bets just because of the swings, so finishing a 40x rollover is nearly impossible. On Stake, with no odds restriction, you can keep your win-rate much higher during the 7-day dash, so more of your bonus is likely to make it through to cashout.

Key Bonus Terms

Wagering Requirement: 40x

The turnover requirement for this sports bonus is quite high. Many popular bookmakers actually have much lower wagering requirements.

Minimum Deposit: ₹500

Though it’s slightly higher compared to other Indian bookmakers, the maximum bonus amount does make up for it. When you deposit ₹500 or more, you’ll receive a bonus worth 200% of your deposit..

Minimum Odds: Nil

Stake does not set any minimum odds, so you are free to place bets at any odds you like.

Bonus Validity: 7 days

The Stake new user offer gives you very little time to meet the high 40x wagering requirement, which can be especially tough for beginners.

Deposit cutoff: Within 1 day

It means you must fund your account with minimum ₹500 within 1 day of registration, otherwise you lose the bonus.

Bonus Eligibility

Only available to new players (18+) from India, which is a standard requirement across any betting platform.

Steps to Activate the Stake Referral Code

To apply the Stake promo code and claim the registration bonus, follow the steps listed below.

Registering on Stake

To activate the promo code for Stake during registration, you need to follow the simple steps below:

Tap ‘Claim Stake Referral Code’ at the top of this page to go to the official site.
Tap the blue ‘Register’ button in the top right corner.
Enter your Email address, Username, Password, and Date of Birth.
Tap the ‘Referral Code (Optional)’ dropdown to open the field.
Enter the code WHSMAX.
Check the box to confirm that you accept the agreement.
Tap ‘Register’ to finish signing up.

Mobile screenshot showing online Stake registration with email, username, password, and referral code WHSMAX entered — Stake sign up form with referral code WHSMAX entered | Screenshot taken on 27/08/2026

After registration, you’ll have to verify your account to proceed further. Just follow the steps below to complete the KYC and verification of your Stake account:

Set ‘INR’ as the currency, then tap on ‘Wallet’ and ‘Set up wallet’.
Verify email address and click on ‘Set up wallet’ again.
Enter name, country, place and date of birth, address, city, and postal code.
Select ‘Enable Indian Rupee’ and enter your mobile number.
Tap on ‘Save and continue’ to complete account verification.

Making your First Deposit on Stake

To get your welcome bonus, you need to first make a minimum deposit of ₹500. Here are the steps you should follow:

Depositing with FIAT Currency

Tap on ‘Wallet’ at the top-centre of the homepage.
Click on ‘Deposit’ and select ‘local currency’ as your preferred option.
Click ‘Deposit’ again and enter the amount.
Enter Aadhaar number in the designated field.
Tap ‘Deposit’ to confirm.

Mobile screenshot showing a UPI deposit in progress on Stake with ₹500 entered in the deposit field — Making the first deposit on Stake to trigger bonus | Screenshot taken on 27/08/2026

Depositing with Crypto

Click on ‘Wallet’ → ‘Deposit’, then choose ‘Crypto’.
Select the deposit address and copy it.
Paste the address into your digital wallet and enter the deposit amount.
Review the payment details and network.
Confirm your deposit.

The only FIAT option supported on Stake is UPI, which means you can fund your account with any UPI app, including PhonePe, Google Pay, and Paytm. The minimum limit is ₹500.

The bookmaker also accepts 20+ cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dogecoin, and USD Tether. There are no minimum or maximum limits with crypto payments on Stake.

If you want to check out more platforms supporting UPI payments with low minimum limits, here’s our guide to the UPI betting sites in India.

Stake Welcome Bonus Offer Pros and Cons

When I tried the Stake’s referral code WHSMAX, the first thing that struck me was the high bonus percentage. With a 200% match, your ₹500 deposit earns you a ₹1,000 bonus, so you start with ₹1,500 to play right off the bat. There are no restrictions on where you can use your bonus, so it is a great deal for sports betting or casino fans alike.

A close look at the terms and conditions made me realise the offer wasn’t as good as it first seemed. There’s a strict 40x wagering requirement, and you only have 7 days to complete it, so even with a small bonus, you have to place a lot of bets quickly. If you don’t, you lose your bonus.

This offer could work especially for those who like to bet big and bet often, but for most people just trying to place bets casually for fun, hitting the 40x requirement is pretty difficult. Look at the 200% deposit match as something to use carefully, not a guaranteed bonus that you can stake claim to.

The Stake offer code is a hit especially among heavy rollers because it has quite a few things working for it.

This offer gives you loads of bonus room to play with. It’s one of the highest caps you’ll find in India, so you can put on larger bets if that’s your thing.
Whatever you deposit, you get double as bonus. So, make a deposit of ₹1,000 and you’ll have ₹3,000 to play with straight away.
And the best part is, you don’t have to deposit to get started. Just ₹500 is enough to try out the offer and see how the site feels.

Having said that, the Stake referral code offer comes with its fair share of disadvantages.

Changing your bonus into cash you can actually withdraw isn’t easy. To unlock a ₹1,000 bonus, you’ll need to bet ₹40,000 in total, so your balance can disappear pretty quickly if you’re not careful.
More importantly, you’ve got just a week to hit that big betting target. Miss it, and your bonus plus any winnings from it are gone.
A 40x wagering requirement is among the highest in the Indian market. This is much more than what top bookmakers like Parimatch, 4rabet, and Betwinner usually require.

Pros

+ High welcome bonus worth up to ₹1,20,000
+ Very high bonus claim limit of 200%
+ Affordable qualifying deposit of ₹500

Cons

- Difficult wagering terms of 40x
- Bonus stays valid for 7 days only

Stake Promo Code Offer vs The Rest

One month after signing up with Stake using the WHSMAX code, most players find the platform offers a large welcome bonus and a wide range of games, but the higher wagering requirement means you will need to play more before cashing out. Bonus credits arrive instantly, and withdrawals are usually processed within 24 hours once wagering is complete.

Here’s how Stake compares to its closest competitors:

Bookmaker

Stake

4rabet

Parimatch

Dafabet

Max Bonus

₹1,20,000

₹20,000

₹30,000

₹20,000

Min Deposit

₹500

₹300

₹100

₹500

Wagering Requirements

40x (bonus only)

7x (bonus only)

16x (bonus only)

15x (deposit + bonus)

Min. Odds

> 1.5 (single)

> 1.8 (single)

> 2.2 (acca)

> 1.5 (single)

Validity Period

7 days

3 days

45 days

For those who are just starting out and want a fair shot at turning bonus credit into real cash, the 4rabet promo code offer is probably your best bet. You only need to deposit ₹300 to get started, and the bonus comes with a simple 7x wagering requirement. The odds you need to bet on aren’t too high either, and you’ve got a full week to meet the requirements. Try the Crorebet coupon code to get a similar welcome bonus, along with a more local betting experience and full Hindi support.

The Parimatch promo codes offer would make much more sense if you’re looking to deposit even less. Here, you can deposit as little as ₹100 and still get a bonus, with a much bigger cap of ₹30,000. The catch is, you’ll need to wager your bonus 16 times, stick to higher odds, and you’ve only got three days to do it. So, it’s better for having a bit of a play around than actually cashing out a profit.

If you’re a bit more experienced and want more time, the Dafabet bonus code gives you 45 days to use your bonus, which is the longest out of the lot. You’ll need to deposit ₹500 and work through a 15x wagering requirement, but the odds are reasonable, and you can take your time.

Stake is really only for serious punters with deep pockets. The bonus is huge at ₹1,20,000, but you have to wager it 40 times in just a week. There aren’t any odds limits, but you’ll need to bet big and often to have any chance of cashing out.

Stake After 30 Days – Why Players Stick Around

✅ Fast withdrawals – most processed within 24 hours once wagering is complete
✅ Frequent promotions – weekly reloads, slot races, and prize drops
✅ Smooth mobile experience – responsive site and app for both casino & sports
✅ Active VIP club – tailored rewards for loyal players

While Parimatch, and 4rabet offer appealing welcome packages, Stake stands out long-term thanks to bigger ongoing promos, speedy payouts, and a polished mobile platform. After the first 30 days, players often stay engaged not only for the bonus but for the variety of features and consistent offers that follow.

Ongoing Stake Promotions for November 2026

If you’re on Stake, you get more beyond just the welcome bonus, with the bookmaker rolling out new offers for both new and existing players.

In this section, we look at the top four Stake betting promotions available to Indian players in November 2026.

Stake Shield

With the Stake Shield, you can protect your pre-match multi-bets by choosing how many losing legs you want to cover, in return for a lower, fixed payout rate.

When you use Stake Shield, your bet is paid out at the agreed fixed odds as long as you meet the required number of winning legs, no matter if some selections lose. To use this promotion to your advantage, make sure your chosen protection level odds are higher than 1.01.

There are a few catches though. You can’t use this offer on Live markets, Same Game Multis, Racing, Player Props, Outrights or Cash Out bets.

Soccer– Boosted Odds

Get more from your soccer bets with Stake’s Boosted Odds on select games this season. Place a pre-match single bet on any special market (highlighted in yellow) to enjoy better odds before the game starts.

Cricket– Early Six You Win

Stake’s popular early six promotion is another compelling reason why one should consider signing up with the referral code now. So how does it work? You’re in with a chance to win up to $25 when your team hits a six in the opening over but still ends up losing the contest.

Soccer– 90th Minute Payout

Bet at least $5 USD on a single 1×2 market before the match in the EPL, La Liga, or Champions League. If your team is ahead at the 90th minute (89:59) but does not win, you can receive a payout up to $100 USD.

Customer Support on Stake

Stake offers a live chat option for customer support, but you cannot bypass the virtual chatbot in any way. We tested live chat support and raised several queries just to get in touch with a human agent, but none of it helped. There is no option to type in your message; instead, the chatbot interacts with specific prompts to understand your query.

Overall, chat support feels underwhelming and limiting, with no way to interact with an actual human being.

Stake.com mobile screenshot showing live chat interaction with the chatbot — Live chat interaction with the Stake.com customer support agent | Screenshot taken on 27/08/2026

Our Take: Is the Stake Bonus Worth It?

The Stake offer code is definitely worth it, but only for seasoned punters with deep pockets. Let’s break it down.

The minimum deposit is ₹500, which is reasonable and standard. The maximum bonus is also substantial. Also, UPI deposits are available, making it easy to fund your account. So far, so good.

However, the offer has two major caveats limiting its usability: high 40x wagering and a narrow 7-day validity. Both factors make it difficult for beginners to claim and make use of the welcome offer.

Overall, the stake welcome offer is good if you’re looking for a large bonus, but if you’re on a budget, it’s not ideal. Instead, we will recommend the Parimatch promo code, which comes with much softer bonus wagering terms.

Updated October 21, 2026

Pritthijit Ray

Betting Expert

Pritthijit Ray has 6+ years' experience in sports betting, with a focus on football and cricket. His passion for football is evident in his posts that blend robust knowledge of the game with genuine insights. Fluent in English, Hindi, and Bengali, Pritthijit brings depth and credibility to his bookmaker reviews and promo code analyses, ensuring they're informative, unbiased, and relevant.

What is the Stake Referral Code?