For the past few years, several legal sportsbooks have sprung up across the country. The goal of each betting site is to give sports bettors a better promotional offer than their competitors. These bonuses differ in various sports betting sites and help differentiate one betting site from the other. Online sportsbook bonuses come in different forms, comprising deposit bonuses, reload bonuses, risk-free bets, free plays, and bonus funds, among others. They offer customers an opportunity to place stakes on the possible outcome of their favorite sports games.
Table of contents
How To Get The Best Sportsbook Bonus?
With so many sportsbooks competing for customers' attention, finding one with a bigger and better bonus offer wouldn't be a challenge. With so many gambling platforms trying to attract your a
Find A Sportsbook That Allows You to Stack Bonuses
With so many promotions available to sportsbooks bettors, you might find some offers more friendly than others. To get a bigger sportsbook bonus, sign up on platforms that offer a more signif
Look For More Than One Sportsbook Promo
Many online betting sites offer sign-up and deposit bonuses. This implies that you should sign up with numerous betting sites to enjoy the free bet credits provided through the welcome bonuse
Which Is The Best Sportsbook Bonus?
This depends on the kind of player you are, and all bonuses come with their advantage and disadvantages, so we can't pinpoint one bonus as the best. If you are working with a budget and inten
Online sportsbooks pros
Sportsbook Bonus doubles your deposit and increases the money being staked.
Some promotions offer bonus funds to bet with and compensate for losses.
You get a better selection of odds to place bets on, with less money at stake.
Online sportsbooks cons
There are hardly no-deposit bonuses in sportsbooks.
Some bonus offers are available to specific sports, causing punters to place bets on sports they have no interest in.
There are wagering requirements attached to each bonus offer.
First deposit:
What Are Sportsbooks
A Sportsbook is a betting company that accepts wagers on major sports events. With online gambling being legalized in several countries around the world, sportsbooks can be accessed via mobile devices.
Also referred to as sportsbooking, Sports betting isn't limited to any sports game, bookmakers handle bets on some of the most popular sports games like Baseball, Basketball, Boxing, Football, Golf, MMA, Racing (both cars and horses), Tennis, and Soccer.
Types of Sportsbook Bonuses
As online casino users get free spins as a casino bonus, sports bettors get free bet stakes and other promotions as bonuses. There are several sportsbook bonuses available to new and existing customers. Due to how competitive the sports betting sector is, top online sportsbooks companies come up with new offers to attract new customers and maintain the existing ones. Here is a list of the best online sportsbook bonuses offered by sports betting sites.
Deposit Match Bonus
This initial deposit bonus is globally deemed the Number 1 sports betting bonus due to the capacity to receive additional funds whether you win or lose. When you receive a matched deposit bonus, you don't have to bother about the outcome of your first wagers. Yes, you're going to cheer for your stake regardless, but your bonus cash isn't reliant on your losses or winnings, as you are already given the bonus when you deposit.
Besides, you still have to play with that bonus money before you can withdraw it, but there is little or no pressure when making big wagers better. One of the crucial things to look out for is if your deposit match shows up in the form of cash or free bet credits and also if deposit method restrictions apply to a deposit bonus offer. Cash is the most valuable as a sports bettor as you obtain your stake in addition to your winnings on winning bets. For free bets, only your winnings are received and not your initial stake bet if your wager hits. Note that to be eligible for a deposit bonus offer, you must meet the qualifying deposit amount set by the site.
Risk-Free Bet
Risk-free bets are incredible because if you end up losing a game, you're guaranteed to receive your investment back as site credit. The only catch to this is bonus is that it can not be withdrawn; it can only be used to place one or more bets using the bonus. Any winnings made from this Risk-Free Bet can be withdrawn.
For instance, if a particular bettor picks the Lakers at +100 with $500 and loses, they would earn a $500 risk-free bet, and if the Lakers had won, the user would have received $1,000. If you wager that $500 on another +100 bet, then you'll only earn $500 in return and not $1,000. So Risk-Free Bet is a credit from a sportsbook to earn back the money lost in a bet.
Free Bet
A free bet is quite different from a Risk-Free bet. In a free bet, you are offered a cash bonus that you can work away with, either you win or lose a bet. Some sport betting sites can be quite generous, offering over 10 free bets. However, to enjoy a free bet offer, it is always essential to read through the terms and conditions of the bet.
No-Deposit Welcome Bonus
No-deposit bonuses are great for the evident reason that you receive free money and other free bets to wager upon signup without risking your own money. But you mostly need to meet a wagering requirement to withdraw your bet wins, or you'll need to deposit before you withdraw.
Sadly, these bonuses tend to be low amounts (between $10 and $20), and therefore the possibility of winning big is somewhat restricted. Moreover, no-deposit bonuses are seldom offered since sportsbooks generally want bettors to invest their money to play.
However, these free play bonuses can be helpful as a form of trial run for customers who are new to sports bets. These bet credits can also be used on a longshot parlay to get a high payout.
Reload Bonus
Most sportsbooks offer enticing second deposit bonuses to existing customers. This is known as a reload bonus. They offer a matching amount of your bet, known as a cash bonus, in addition to free bet offers. A reload bonus has no downsides. For making a deposit, you are given bonus money to bet with.
Loss Bonus
Even though it is quite uncommon to see it, some sportsbooks offer loss bonuses. You get reimbursed with a particular percentage of a bet lost, depending on how generous a sportsbook is in the mood to be. This bonus, also called a cashback or rebate, is only applicable to specific sports, often horse racing. However, you will probably get no more than 5 to 10% of your money back.
Referral Bonus
The referral bonus is self-explanatory. Running a sportsbook is a competitive business, so most sites are more than happy to pay you for referrals. Of course, whoever you refer must make a deposit and use the sportsbook services for your referral to be valid.
Reduced Juice Line
Sportsbooks take a percentage of your bet as their house fee. This house fee is also known as the rake or the juice; the sports betting company facilitates the betting action. A reduced juice line can sometimes be used as a promotional offer; the sportsbook offers a better payout rate by reducing the house fee attached to a bet.
However, this bonus offer is only valid for bets like spreads and total that involve both sides paying out (-110). Note that a reduced juice rate is of no use to you if you lose a bet. To enjoy this offer, the bet placed must be won.
How To Pick the Best Sports Betting Bonuses
There are several sportsbooks one can choose from, all offering enticing promotions to their users. However, when scouring for the best sportsbook promo for you, you'll need to consider these criteria:
Wagering Requirements
Ensure you check the wagering requirements. If a site wants to offer a bonus five times, it's possibly not worth the energy and time unless you know you can assure yourself of getting the money. Finding bonuses that solely need one rollover is important when looking for promos. Most legal sites that give bonuses to first-time depositors have a one-time wagering requirement, which is good. These requirements can include:
- Odds Restrictions: These bonuses typically work only if you wager on -200 or longer, which means +100 or +300. If a site comes with restrictions, it'll be harder to win.
- Constraints: If you're traveling to a different state and want to bet, make sure you take note of the time constraints. If you can use your bonus within five days after making the wager, you must ensure you'll be physically present in that same state to make the conclusive wager so you can withdraw it when you leave.
License and Regulations
Licensed and Regulated Sportsbooks offer bettors responsible gaming and customers protection. A sportsbook that is licensed by an online betting authority is more likely to be genuine than one which isn't. So before signing up, ensure the site is licensed and regulated to be on the safer side with your finances.
The Sports Bet Market Available
Not all sportsbooks offer the same sports bet option. For example, If you are a fan of golf and intend to bet on golf, you should ensure the sportsbook offer such markets to bet on. The whole idea of Sportsbook is to enjoy your favorite sports and win from them, and this idea is only practicable when you find sports of your interest in the market.
Ease of Use Of The Sportsbook Site
Some of the best sports betting sites are built on technology, making it hard for the average user to understand. No matter how good a sportsbook bonus is, if the site is challenging to navigate, then the bonus isn't of much use.
How To Use Sports Betting Bonuses
Now that you know the various bonus offer available in sportsbooks, it is only right you know how to put such a bonus into good use either as a single or accumulated bet.
Cash Deposit Bonus
The best way to make sure you earn the most of your bonus bets is to distribute your bonus amount on multiple low-risk wagers at odds of -200 or longer. Spreading your bets into multiple small wagers instead of putting all on one large stake reduces bet losses.
Free Bet Deposit Bonus
For the first deposit bonus, where you are given free bets, your best technique is to use your cash balance as you would typically do. For your free bet balance, you should distribute your free bets, if possible, on different longshots. If you have just one free bet, based on your risk tolerance level, you should use it on a small or large underdog.
Risk-Free Bet
For risk-free bets, you should make use of it on a big long shot. This is because it eliminates financial risk with your wager; therefore, this would be more beneficial.
Sportsbook Bonus Restrictions
Each online sportsbook has distinct words in fine print, but for the most part, some online sports betting sites will limit you based on the odds. They wouldn't want customers to out a free bet on a -5000 favorite. Normally, they'll require a wager of -200 or longer to qualify for most offers available. Besides, you'll need to read the terms and conditions to know what is required for your specific book.
No-Deposit Welcome Bonus vs. Free Bets
No-deposit bonuses are different from free bets. For example, many online sportsbooks will give out free bets to users who bet up to a given threshold or who are regulars. No-deposit bonuses are generally given to new signups in places where sports betting is coming into.
Most no-deposit bonuses are minor, like $10 or $20, and are hard to come by because sportsbooks usually want users to put in some funds before receiving more money.
Sportsbook Promo Code vs. Bonus Code
Some sites will request a bonus code, while others call it a promo code. These terms mean the same thing.
These codes are commonly associated with a promotional marketing strategy like giving customers deposit bonuses and risk-free bets.
Do You Need A Promo Code?
Most sportsbooks won't ask you to enter a code. Most times, you merely need to click on a link or a particular "Get Bonus" button on the site to activate the offer unless it is stated otherwise.
There are also instances where sportsbook will have a code attached when you first sign up, which should be easy to use whether you click on a given link or opt into a promotion. Though it is better, you click on the "Get Bonus" link to have your free bets credited.
Make sure you read every information available before depositing for the first time and also understand that these sportsbooks aren't here to scan you in that aspect. If you get stuck while signing up or need help with the sign-up bonus, reaching out to customer service via live chat will help you solve any problem. As a new customer, the apps want you to be satisfied with everything they have to offer, so you can keep using their product.
Where Can You Legally Use Sportsbook Bonuses?
If you want to bet with sports betting bonuses legally, you must live in a country where sportsbooking is legalized. Of course, more countries keep legalizing betting, so it's only a matter of time before many nations are added to the list of countries where online gambling is legalized. Once this happens, more people will be eligible to enjoy these bonuses. For now, it is advisable to check the online sportsbooks law that applies in your country not to find yourself using such services illegally.
Bonus Terms and Conditions
There are often strings attached to a bonus offer; there's no such thing as a "free" bonus even though it is given freely. Terms and conditions to look out for are:
Play-through
This is a multiplier that depicts the number of times you must play through a bonus before you are permitted to withdraw your winnings. Just like we have said, these cs apply to an individual's account from when a bonus is accepted or applied to an account.
Minimum Odds
This term is often associated with Free Bet Bonuses. Specific bonuses can only be used on bets with odds over a particular value. This requirement stops customers from placing a free bet on games with short odds, thereby guaranteeing a sure win over the sportsbook.
Maximum Bet Size
This refers to the least amount you can play as a bet. Maximum bet size is required for Enhanced Odds bonuses to protect the sportsbook from losing huge money if a bet is won. A player can be asked to stake a maximum bet of $200.
Restricted Markets
Not every market or sport is eligible for a bonus. A Free Bet may be valid for NBA or NHL but not football or golf.
Expiry Date
Most bonuses come with an expiry date. This makes them valid for only a specific period. For example, a bonus might be useful for just one week after it is given. Once the bonus expires without being used, that's it. Nothing more can be done about it. Some free bets are valid for a week after activation, others less duration or more.
Conclusion
By now, you should be well versed in sports betting bonuses, from the types and features of what each has to offer. There are chances of you seeing new bonuses not mentioned here, as the promotions are put in place to attract new customers.
To not be at a loss, it is always advisable to fully understand the terms and conditions attached to a bonus before getting involved. When you are unsure about a bonus, contact the site's customer support for clarity before deciding. Sports betting is restricted to users below 18. The need for responsible gambling can not be overemphasized, so always gamble responsibly.
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FAQ
Are Sportsbook Bonuses Worth It?
Yes, they are. Some sites offer great risk-free bets that range from $1,000 - to $5,000. This means if your free bet bonus of $5,000 on an individual wager and win, you have earned a lot. If your wager loses, the sportsbook offers you a site credit or a free bet as a second chance.
Can I Withdraw A Sportsbook Bonus?
No, you can't. You can only withdraw the winnings made from a sportsbook bonus but not the bonus itself. This bonus often comes with wagering requirements, if these terms aren't met, withdrawing any winning made is impossible.
Is It Safe To Take A Sportsbook Bonus?
Yes, it is. There are more advantages of a sportsbook bonus than disadvantages. However, it is important to ensure the sportsbook is operating legally, under legitimate operators and Regulations.
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