A sports betting bonus is a real money bonus that betting sites offer to players in return for signing up and making a deposit. It’s a form of incentive marketing that sports betting sites use to make them more attractive to new players. The idea is to rewards players for taking the first step in signing up and making a real money deposit.
Sports betting bonuses are open to all new players who sign up and deposit at sites that offer these bonuses. Most bonuses are offered as a percentage of each player’s first deposit. For example, a 10% bonus means that you’ll get an extra 10% credited to your account after you make a deposit.
Best Sports Betting Bonuses
Every online sportsbook on the internet has some sort of deposit bonus. These bonuses change from one site to the next, but there are a few things you can look for to determine which sports betting bonuses are the best. On this page, we have listed a few of our favorite deposit bonuses.
The main thing to consider when choosing a sportsbook deposit bonus is how friendly the terms and conditions are. A sports betting site can offer the biggest signup bonus in the world, but that doesn’t mean anything if there are a bunch of strings attached to the deal. That’s why we recommend to always read the fine print before you deposit.
The percentage match rate and maximum bonus amounts can also be used to tell you how useful a sports betting bonus is. Most sportsbooks offer bonuses in the 10% range, but that can fluctuate between different betting sites. Some sportsbooks have a maximum bonus amount of several hundred dollars while others are unlimited.
How Sports Betting Bonuses Work
When you sign up at a sports betting site that is offering a sports betting bonus, you will receive the bonus as soon as you make your first deposit. In most cases, the sports betting bonus is given to you instantly, but you cannot withdraw the money right away. After you meet the minimum wagering requirements, the money is free for you to withdraw.
Sports betting sites attach wagering requirements to their bonuses to prevent hit-and-run bonus hunters. The whole idea of offering deposit bonuses is to get people to actually do business at that sportsbook. Therefore, sports betting sites require you to wager a certain amount of money before the bonus money can be withdrawn.
These wagering requirements are also often referred to as “rollover requirements.” When a sportsbook says that you must roll over the bonus plus deposit one time, that means you need to place a total sum of bets equal to the amount of your deposit and bonus. So if you deposited $50 and got a $5 bonus, you would need to place a total of $55 in wagers before the bonus money is officially yours.
Wagering requirements for sports betting bonuses usually aren’t too bad. With most deposit bonuses maxing out at 10% or so, sportsbooks don’t feel it necessary to add burdensome wagering requirements. Even so, it is also worthwhile to double check the fine print to make sure.
Free Sports Bet Signup Bonus
Some sports betting sites opt to offer “free bet” bonuses instead of traditional deposit bonuses. These bonuses are a little smaller than deposit bonuses, but they come in handy. In a free bet bonus, the sports betting site promises to give you a free bet if you sign up and place a real money bet of your own.
For example, a sports betting site might promise all new players a free $10 bet if they sign up and deposit $20 or more. Other sites might promise to refund your first real money bet if it’s not a winner. There are all sorts of variations of free bet bonuses, but the basic idea is that you get one bet on the house.
No Deposit Betting Bonuses
As the name suggests, no-deposit bonuses are bonuses that you can get without making a deposit. The name is a little misleading, however, because you eventually have to deposit before you can actually get your hands on the money. Most no deposit bonuses are good deals, but it’s still worthwhile to check the terms and conditions before you sign up.
The best way to look at sports no deposit bonuses is as an opportunity to try the software out without risking your own money. With a no-deposit sports bonus, you can place bets and win money, but you will eventually have to make a deposit before they will let you cash out your free money.