The point for the Tigers coupled with Newcastle United's defeat at home to Fulham has marginally eased the pressure on Phil Brown's side.
However, they must better Newcastle's result on the final day of the season if they are to avoid slipping back into the Championship.
Hull will host Manchester United at the KC Stadium next Sunday, but at least they may have the advantage of facing a weakened Red Devils line-up following their own title-clinching result against Arsenal.
On the day, Hull were only denied all three points by the heroics of Bolton goalkeeper Jussi Jaaskelainen.
The Finn kept out late headers from Daniel Cousin and Craig Fagan with top-drawer saves as the Tigers looked to snatch what would have been a priceless victory.
Nick Barmby's late shot also hit the post to the dismay of the 4,700 travelling fans who packed inside the Reebok Stadium and made it feel like a home game for the visitors.
Bolton had struck first in the game with just 26 minutes on the clock.
Full-back Gretar Steinsson let fly with a 25-yard thunderbolt which took a slight deflection before nestling in the back of Boaz Myhill's net.
Manucho had the chance to reply instantly for the visitors but the on loan Manchester United striker could only side-foot a 10-yard effort well over the crossbar.
Geovanni then headed straight at Jaaskelainen from 12 yards as the Tigers spurned another golden opportunity.
But after Fagan had cleared a Gary Cahill header from a corner off his own goalline, he popped up at the other end to draw the sides level.
Bolton defender Danny Shittu failed to clear a harmless looking corner and Fagan pounced from close range to level the match two minutes after half-time.
The former Derby County winger was also on hand to clear another header from a corner off the his line before the late drama involving Jaaskelainen as Bolton held on for a share of the spoils.