Bonuses and Promotions for Sports Betting

Sports Betting Bonuses – Who doesn’t enjoy getting something for nothing? If you don’t enjoy free items, you probably won’t find much value in this guide. For those of you who aren’t insane and enjoy freebies, this guide should provide you with a wealth of information. You see, the sports betting industry is a highly competitive one, with all of the online sportsbooks always vying for your business.

Table of Contents

What is the procedure for using Sports Betting Bonuses?

To begin, you must understand how Sports Betting Bonuses can increase your budget and hence your odds of winning. When you sign up with a bookmaker and make your initial deposit, you will have the opportunity to take advantage of a promotion that will increase your bankroll by a large proportion. This can range from 25% to 200 percent. Simply said, you’ll have more money to place larger bets or wager on more events.

However, some factors can influence whether a bookmaker bonus is a good or terrible bet. Every offer has specific restrictions that you must meet in order to withdraw your rewards. Furthermore, there is no such thing as a one-size-fits-all offer. Free bet offers will have a lower amount but less stringent restrictions than a 100% welcome bonus or Sports Betting Bonuses, which will have a bigger amount but tougher terms.

Sportsbook bonuses are highly valued by bookmakers. They understand that a substantial welcome bonus will entice new players and spread the word about a good prize. It can also build a loyal following of players, providing the bookie a fair portion of the market and a good reputation.

What are the most valuable sports betting bonuses?

You’ve just finished signing up with your favourite bookmaker and are anxious to check out the first deposit bonus section. You might assume only one welcome offer, but we discovered a range of sportsbook bonuses. That’s a good thing, as long as you understand the terms of each sign-up deal. We are no strangers to welcome incentives, therefore we have provided a full overview of each type. Everything from a normal 100% bonus to free bets or matching deposit incentives and everything in between is available.

Bonus on your first deposit

Welcome bonuses are the most popular first-deposit offers that a player may encounter. They are each bookie’s “watermark,” and you may even see them on TV and social media advertising. They operate in a straightforward manner. Make your initial deposit, and the offer will match it up to 200 percent (varies to the betting site). A welcome deposit incentive benefits new players by dramatically increasing their initial investment. You will also be able to place a set number of bets without putting your money at risk. Wagering requirements, on the other hand, may be more stringent.

Deposit bonus that is matched

This is a plain offer, akin to a welcome offer. The bookmaker will match your initial deposit up to a particular sum (for example, 100% up to €/£100). A matched deposit bonus is an excellent choice because the minimum deposit is smaller and the wagering conditions are less stringent than a usual sign-up bonus.

Free Bet Promotion

The free bet is one of the most sought-after incentives. It is available in a variety of flavours, including risk-free, Deposit X – Get X, and no deposit. With risk-free bets, you place your bet and your stake is repaid if it loses. A Deposit X – Get X offer requires you to make a deposit and then receive a predetermined quantity of free bets. Deposit €/£10 – Get €/£20 is a nice example. A no deposit freebet does not require you to make a deposit in order to receive bonus cash. Such deals are becoming increasingly rare, as they attract abusers and bonus hunters.

Increased Odds and Profits

Enhanced Odds promos are new to the market. They can, however, considerably improve your winnings. A sportsbook, for example, may provide a player better odds of scoring first in a football game. Alternatively, if both sides score more than 3.5 goals in another game. That is, you can bet the same amount of money but receive a bigger return if your bet is successful. This type of promotion has recently become quite popular, and most bookmakers give boosted odds on a variety of markets on a daily basis.

Sports Betting Bonuses for mobile 

Today, mobile phones account for more than 60% of all betting activity. Bookmakers couldn’t afford to fall behind, thus more and more special sports betting offers on mobile are appearing. If you sign up via the bookmaker’s app, you will be able to claim a mobile Sports Betting Bonuses alone, which may be more lucrative than a desktop bonus. Furthermore, all desktop bonuses are available on the apps, allowing players to take advantage of any promotion while on the go.

Better Lines vs. Promotions

Before we go into the various forms of promotions, we need to make sure you grasp something much more crucial. Free money, promotions and Sports Betting Bonuses are fantastic. They are, in fact, fantastic. You should never, however, choose a promotion over a higher line or payout odds on a wager. Winning bets will always be more valuable than almost any promotion we’ve ever seen.

For example, if you have the option of betting at one sportsbook where you would receive some money back for your wagering or playing at another sportsbook where you will receive an extra half point on a point spread, pick the half point 100 percent of the time. Promotions are fantastic, but they should always take a back seat to higher odds or payouts. You’ll feel ridiculous if you lose a $50 wager by half a point and instead get a few dollars or a free hat.

We won’t beat a dead horse, but please, please, please chase the better lines first and promotions second.

That being said, if you can bet at two places on the same line, take the freebies. 

Sports Betting Bonuses: Juice Lines Have Been Reduced

Reduced juice bets are one of the greatest Sports Betting Bonuses we occasionally see given online. As you are probably aware, the sportsbook deducts a little percentage from the top of wagers as a house fee for facilitating the action. This is referred to as the house fee, rake, or juice in various cases. In the NFL, for example, a spread bet would look like this:

  • Eagles (+4) (-110)
  • Patriots – 4 (-110)

The payment odds for a right pick are provided as the last number on each side of the bet. If you bet $100 and win, a payout of (-110) will net you $90.91. The “missing” money is the percentage taken off the top by the house. Whether you bet on the Eagles or the Patriots, the house takes a cut off the top. They’ll want to obtain the same amount of money wagered on both sides of the game so that they make a profit regardless of which team wins.

A reduced juice bet promotion occurs when a sportsbook chooses to offer a higher payoff on a wager than they would usually. Typically, this is only available on bets like spreads and totals where both sides pay out at the same rate (-110). The sportsbook will adjust the payout odds to be more favorable to everyone. For example, if the sportsbook offered lower juice on the above-mentioned wager, it may look like this.

If you bet $100 on either side of the bet, you would profit $95.24 if you picked correctly. That’s a lot better than the $90.91 you’d get for a right guess at (-110).

When you observe lower juice bets, it’s a good idea to wager on one side of the game. Because of the reduced house rake, you don’t have to win as frequently to break even. Yes, you must still pick properly more than half of the time, but not as many times as with the standard (-110) juice. This is a very popular deal that should not be missed by serious sports bettors who understand the importance of tight margins.

When it is available, it is usually done at random among different games and sports. When you see it, though, you should absolutely consider placing a wager, as long as it is in a sport that you are familiar with.

If you lose your wager, the lower juice will not aid you at all.

Sports Betting Bonuses: Bonuses on deposits

Deposit bonuses are widely used in all forms of online gambling, including sportsbooks, casinos, and poker rooms. A deposit bonus occurs when a sportsbook, casino, or card room doubles a percentage of your deposit into your account. For example, if they have a 100% deposit match bonus up to $200, they will give you extra money equal to the amount you deposit. If you deposit $100, you will receive an additional $100 in bonus money to gamble with. If you deposited $200, they would match it with $200 in bonus funds. Even if you placed $500, they would only offer you $200 in bonus cash because that is the maximum amount available under that deal.

The limits and percentages will differ substantially from one bookmaker to the next. One of the most important things to do before taking advantage of a deposit bonus is to read the tiny print. There are usually conditions that you must meet in order to convert those bonus funds into actual dollars that you can withdraw. Otherwise, people would simply deposit $200 and then cash out $400, and the sportsbook would go bankrupt if enough people did this. The majority of the time, this entails what is known as a playthrough requirement, which we shall go over in detail in a later portion of this book.

Deposit bonuses are fantastic if you plan on betting for a long time. If you intend to deposit to place one or two bets and then cash out, you should avoid deposit incentives. If that describes you, make sure to read our section on opting in further down in this article, as it will be crucial in preventing your money from being locked up on the site.

Deposit bonuses are a key component of the online sportsbook market, and they’re a big help for customers who want to transfer their action online. Just make certain that you read the fine print related with the deposit incentive.

Sports Betting Bonuses: Bonuses for Reload

A reload bonus is similar to a deposit bonus, except that it does not apply to your first deposit on the site. Typically, sites will give you a large bonus on your first deposit, but they may not have much for customers who are having a bad run or who want to add to their account. Even if you aren’t wanting to add money to your account, you should carefully consider taking advantage of reload bonuses while they are available.

Frequently, you can load money into your account and then “pretend” the money is not in your account. You can withdraw your money as well as the bonus dollars earned from your reload bonus once you have met the wagering requirements with your routine wagers that you would have made regardless. If you need to load money on, simply repeat the process and use the money you loaded.

Keep in mind that certain sportsbooks will give reload bonuses all year, while others may only offer them sometimes for special promotions. In a later section, we’ll go over how to remain on top of everything. If you’re intending to reload and don’t notice a discount, contact the site’s support and ask if they have anything available. If you inform them you’re thinking about adding more money, they may have unadvertised reload deals for you.

Sports Betting Bonuses: Promotions for Rakeback

This is a less common promotion than the others on this list, but we do see it from time to time at online sportsbooks. This offer, also known as rakeback or cashback, reimburses you a percentage of the money you lost or that the casino made from your wagers. In most cases, it will be a percentage of the money that the sportsbook made from your bets. Essentially, the more you gamble, the more money you’ll earn back from them.

In terms of specifics, they’re going to be all over the place. The percentages, how they’re calculated, how they’re paid, and when they’re paid will all fluctuate depending on where you bet and how they’ve set up their campaign. It’s not always a large sum of money returned per bet, but every dollar returned is a dollar you didn’t have before. These promos are ideal for customers who place a lot of bets.

Sports Betting Bonuses: Promotions for Free Bets

A free bet promotion is a popular promotion that we see at many of the larger-name online sportsbooks. Essentially, the sportsbook will pay your initial wager if you lose up to a set amount (typically between $10 and $25). If you lose, you don’t get your money back, but you do get credit to place another wager.

This is a promotion that you should almost surely take advantage of if it is made available to you.

Congratulations if you win your bet! You don’t need the promotion. However, if you lose your bet, they will allow you to place a second one on the house. To genuinely lose money, you’ll have to lose twice in a row.

Free swag and equipment

Some online sportsbooks are aware that the majority of their clientele are avid sports lovers. As a result, they frequently offer promotions in which you can earn or win free swag or gear from your favourite teams. Hats, t-shirts, hoodies, mementos, signed equipment, and pretty much everything with a sports logo on it have been seen. Sometimes you can choose your favourite squad, and other times you just receive what they have for you.

Even while this isn’t money like the other bonuses and promos on our page, it is still free goods. You’ll enjoy this if you’re a sports lover. If you really want to push your financial edge when it comes to betting, you may take the free swag and offer it as a present, or sell it on eBay.

Sports Betting Bonuses: How to Keep Track of Promotions

The key to making the most of bonuses and promotions is to be aware that they are available. We’ll talk about opting in in the following section, and you’ll see that just because a sportsbook is running an offer doesn’t imply you’ll automatically receive the benefits. This implies that understanding what promotions are currently running and which are coming up is critical.

Fortunately, the sportsbooks make this process quite simple for you. You have four options for staying on top of promos to ensure you don’t miss out on anything.

Step 1 – Sign up for the sportsbook’s email list.

When you join a website, you are frequently automatically enrolled in this programme, or you are given the choice to opt out. We realise most of you despise spam and junk mail in your inbox, but emails from casinos and sportsbooks generally contain freebies and promotional updates that you will be interested in. Not every email from businesses is junk mail; only the stuff that isn’t important to you is. If you’re already a member of a sportsbook and aren’t sure if you’re on their email list, contact their support and ask to be added to it.

Step 2 – Join the sportsbook’s social media pages.

Many of the larger and more well-known books have their own Facebook pages and Twitter accounts where they continuously update customers on promotions and bonus offers. If you’re already utilising these platforms, this is an excellent method to stay current.

Step 3 – Simply pay attention while browsing the website.

Most sportsbooks will run “ads” on their own websites that are more like notices of current promotions. Sportsbooks will never hide promotions from you. They want you to use them, and they want you to be aware of them. Frequently, they will have a dedicated promotions page that lists all of the current specials and bonuses. This is commonly found by quickly scrolling through the webpage.

Step 4 – Inquire with support to see if they are currently giving anything.

You’ll normally be taken to their promotions page, however they may occasionally give you something that isn’t stated. We wouldn’t recommend pestering them every day, but a brief monthly check-in is worthwhile, especially if you’re a large player. The more you wager, the more they will want to keep your action. Take advantage of this. The worst that can happen is that they inform you there is nothing new or special going on.

Accepting the bonus, or Opting In

We talked about “opting in” in the last section. When sportsbooks offer promotions, you are not always automatically included in the campaign. You must notify the sportsbook if you wish to be listed. Many people believe this is because they don’t want everyone to take advantage of the offered incentives, however this is not the case.

They ask you to let them know when you want to be included because there are occasionally criteria with promotions that you may not want to be a part of.

Example

When you make a deposit or receive a reload bonus, you may be required to wager a particular amount before you may withdraw the funds. If you’re just going to place one or two bets, you don’t want to risk having your cash frozen due to a promotion that you’d never utilise in the first place.

The good news is that opting in is not difficult. Typically, there is merely a box in your member account that you click to indicate that you want to participate in a specific offer. Many deposit and reload bonuses need the use of a deposit code in order to gain access to the bonus funds. In some cases, you will be necessary to contact assistance directly. You may usually just open up their live chat or write them an email stating that you wish to participate in a specific offer.

It simply takes a few seconds, but it is required in order for you to be included in most promos. Some promotions will be automated, but the vast majority will have some sort of opt-in. If you are confused whether you need to opt into a promotion or not, please contact assistance right away.

You must address this before the promotion begins and before you begin doing anything that may be required to clear the bonus.

If you are a larger player, a sportsbook may allow you to go back and obtain credit for bets that contributed to a certain bonus, but you should not rely on this. Be proactive and make certain that you have completed all of the necessary steps in order to participate in a promotion or bonus offer.

Always read the small print.

When it comes to taking advantage of bonuses and promotions, the first rule is to take a few minutes to ensure that you completely comprehend all aspects of the offer or bonus. If you browse through the comments and complaints about an online sportsbook, you will notice that the bulk of them are about someone not receiving the bonus or promotion that the site was advertising.

While your initial instinct may be to be dissatisfied with the site, 99.9% of the time it is because the consumer did not strictly adhere to the norms and rules provided out. If a player does not follow the clearly laid-out guidelines, the sportsbook will not pay out on the promotion.

Before you start chasing or taking advantage of a promotion, you should take a few minutes to figure out all of the conditions that are required.

Yes, this isn’t the most interesting thing to do, but if you want to obtain your freebies and avoid problems, you have to do it.

Checking out should only take a few minutes, and then you’ll be on your way.

If you do have questions, don’t just assume anything. Contact customer service and ask them to explain things for you. We also recommend saving a copy of the support chat or emails until the promotion has ended and you have collected your money or free things. That way, if there is a problem with the promotion and what you wanted to be clarified, you would have documentation that you were misled. In such cases, even if the agent you interacted with was incorrect, the sportsbook should respect your request.

The sportsbooks will try their best to explain everything to you. It is your responsibility to read that material and ensure that you completely understand what you are getting into.

Sports Betting Bonuses: Requirements for Playthrough

The playthrough requirements are one of the most common components of the fine print for a bonus or promotion. When a sportsbook gives you free money, you usually can’t accept it and pay it out right away. Allowing this would be illogical for the sportsbook. People would deposit, receive their bonus, and then cash out right away.

To discourage this type of behaviour, the book normally asks you to “play through” your bonus funds a specific number of times. This is typically expressed by a __x requirement (like 20x, 30x, etc.). Some sportsbooks will apply this to all of your bonus funds as well as any winnings generated by them. Some will apply it to the entire balance in your account, while others will simply apply it to the bonus dollars. It will vary depending on where you live, and you should double-check before participating in a campaign with a gameplay requirement.

Example

You take benefit of a 100% deposit bonus up to $200. You deposit $200, and they match it with another $200 in bonus funds. Assume that the playthrough requirement is 20x. This means you’d have to wager $4,000 ($200 x 20) before you could withdraw the entire amount. That may appear to be a large sum, but it is not. This does not imply that you must spend $4k on the site to receive the $200 discount. It simply implies that you must wager $4k in total to clear the bonus.

If you bet $100 per day for 40 days, you’ll have won $4,000. If that still sounds like a lot, don’t worry. If you don’t plan on betting a lot and still want to take advantage of the promotion, the bonus money is usually released in increments. In some cases, they will divide your bonus into increments.

Example

They might divide the $200 into 20 $10 parts. These will function as 20 different tiny bonuses that must be completed. To clear each segment, you must wager ($10 x 20), which equals $200. As a result, for every $200 you gamble (a far more acceptable figure), they will release $10 of your bonus to you.

Again, these requirements do not apply to all bonuses, but they do apply to a significant number of them. Make sure you thoroughly grasp how each site operates and how much gameplay you will need to complete in order to receive your bonus. Find out what happens if you don’t complete the playthrough requirement. Usually, you just do not receive the full bonus amount, but you should double-check just to be sure.

You can also choose not to accept a bonus if you don’t like how it is structured. Remember, you’re betting on sports because you’re competent at it and can make money without using bonuses. You’ll have a much better experience betting online if you remember that a bonus or a promotion is an added bonus. Most people are unaware of these features until they log in and begin building an account. This implies that you were perfectly content to wager without the perks. You’ll be a happy camper if you treat them as bonuses.

Dipping twice

When it comes to sports betting, you should always sign up with various books so that you can line shop. As an added bonus, you will be able to select promotions from a variety of different books. There is nothing wrong with going from book to book in search of promotions. In reality, the majority of skilled internet bettors do this to some degree.

If another site is giving a wonderful promotion that appeals to you, transfer some of your money over and take advantage of it. When the offer is over, you are free to stay or transfer your funds back to your home site.

Example

Assume you enjoy betting on college basketball and another online sportsbook offers a lower juice promotion during March Madness. You’d be crazy not to go over there and take advantage of it, at least for the month of March.

Of course, you want to be sure that you thoroughly grasp all of the restrictions for each bonus so that your money doesn’t get trapped anywhere it doesn’t belong. Also, keep in mind that superior lines will ALWAYS outperform any promotion. Don’t be distracted by complimentary perks and lose sight of your primary goal of making exceptional value picks and winning bets.

That being said, if you have the opportunity to gain some extra income by putting the identical bets somewhere else, take advantage of it. It’s essentially line shopping.

What to Look for in a Sports Betting Bonuses

As previously stated, not all bonuses are made equal. Certain elements differ between sportsbooks and can cause your profits to rise or fall. It is critical that you are aware with common terminology such as wagering and the minimum deposit, as well as more complicated ones such as stringent KYC and withdrawal restrictions. Furthermore, to avoid any accidents, we will detail all of the indicators of a scam bookmaker bonus.

Common terminology for sportsbook bonuses

When signing up for a sportsbook or claiming a bonus, many players fail to read the terms and conditions. That is completely irresponsible, as they play a critical role when your money is at stake.

One account per user/IP address is permitted.

This one is fairly simple. Do not open another account in the same sportsbook in order to get a bonus.

Requirements for wagering

Before you can withdraw your earnings from a sports deposit bonus, you must roll them over a set number of times (between 5x and 20x). You must also rollover your initial amount once before requesting a payout.

Min Odds & Selections: The odds on each market you choose for your wager should be more than a certain amount. Most sportsbooks have a range of 1.50 to 2.00. The total number of bets on your bet slip is also important. Typically, you should include 1-3 options.

Minimum deposit: Before you can claim the offer, you must first make a qualifying deposit. This can be as little as €/£5 or €/£10, with some welcome bonuses starting as low as €/£1.

Accepted and limited payment methods: Several betting companies have prohibited users from claiming promotions using wallets such as Skrill and Neteller. They do so because they attract abusers. If you deposit using a credit/debit card or PayPal, most sportsbooks will credit the welcome bonus.

Maximum winnings

Some bookmakers will have a withdrawable winnings cap. That is, regardless of how much you win, you will be able to withdraw the maximum amount permitted by your sportsbook.

Market restraints

Several markets do not count wagers that have been cashed out, invalidated, or cancelled in wagering. Furthermore, restrictions may apply to individual sports, leagues, and live bets.

Date of expiration

Keep track of when your sports betting bonus expires. This can range from 7 to 30 days. However, in other situations, the time range can be as short as three days.

Maximum stake per bet

The amount you can bet on each market or betslip may be limited. This is intended to deter bonus hunters and arbitrage bettors. The majority of the time, it is half of the bonus amount. Furthermore, many bookmakers have a maximum odds limit (like 3.50).

Country restraints

Sign-up bonuses are not available in every country. Eastern European countries, for example, may be eliminated. Always check the terms and conditions to determine if a country is banned.

Bonus code: In some circumstances, you must manually input a code, such as Bookmakersbet, on the deposit page in order to increase your bankroll.

Hidden conditions on betting bonuses

Even if you follow the principles above to the letter, there is still something to be cautious of. If you win a large sum of money, bookmakers may request further verification or examine the location from which you connected to the site. But don’t worry, we’ve thought of everything. Remember to always review the terms and conditions or contact the bookie’s support service if you have any questions.

  1. Documents proving further KYC: Before you request your first payout, a sportsbook may want additional documents in addition to the regular ID and energy bill. Most of the time, a selfie with your ID and a bank statement will suffice to validate your account.
  2. Refund of deposit in case of term violation: Nowadays, abusers are treated harshly. If you obtain a bookmaker deposit bonus and then break one of the terms, your account will be cancelled and your money will be returned.
  3. Is it possible to claim an offer more than once? Most promotions have a one-time-only rule. That is, you can only claim a specific welcome bonus once. You will not be able to use it again after that.
  4. Can you withdraw before rollover: If you request a payout before fulfilling the wagering requirements, your bonus will most certainly be forfeited. The good news is that most betting companies will notify you if they have such a rule in place.
  5. Whose money is gambled first: Another critical factor to consider when it comes to bookmaker bonuses is whether your deposit or bonus monies are wagered first. The reason for this is because bonus money are subject to a number of conditions, whereas your deposit is subject to fewer. It is worth mentioning, however, that certain bookmakers take your entire amount into account.
  6. Can you have two active bonuses? A potential conflict arises when you attempt to claim one bonus while not having satisfied the wagering requirements for the preceding one. Again, reading the terms and conditions or contacting the bookie’s support service is a good idea.
  7. What happens if you lose your funds: Many players find themselves with an empty bankroll before to the bonus rollover. In such a circumstance, it is up to the bookmaker whether or not the bonus is considered completed.
  8. Is just one bonus per house/IP allowed? It is fairly uncommon for numerous members of a household to sign up for a betting site in order to take advantage of a welcome offer. However, this may contradict the one bonus per house/IP that is in force at some sportsbooks. Also, avoid using public Wi-Fi networks because you will share an IP address.

Scam bookmaker bonus methods

The betting profession, like everything else in life, is not entirely comprised of honest and sincere bookies. Several scammers come from time to time, attempting to steal as many deposits as possible by utilising a bonus as a lure. The good news is that some indicators can assist you in identifying such a swindle and saving your money.

Limitations on the Stake: After you’ve claimed your sports welcome bonus, you’ll want to start betting. However, you are perplexed to discover that they are not acknowledged until you reduce your wager to an absurd quantity such as €/£1. Furthermore, a brief rollover deadline (such as three days) must be met. This is because it is difficult to roll over the bonus with such a little stake. As a result, the phoney bookie will never have to pay out any winnings.

Wagering is not shown: The most crucial thing to check is how much rollover time is remaining on your bonus. The lack of such a tool does not definitely indicate a hoax, but it should raise your suspicions.

Non-qualifying bets include: In a legitimate sportsbook, if you put a bet that does not meet the bonus requirements, it is not counted against the rollover. However, with dodgy bookies, it can result in a bonus cancellation.

Modify the terms once the bonus has been claimed: Moving the goalposts in case you win is an evident sign of a scammer. In other words, when he notices that you have a positive balance, modify the terms you agreed on. Such a shift should serve as a red flag that the bookmaker you’re dealing with is dishonest.

Terms that aren’t clear: Each policy that must be obeyed must be expressed explicitly. Whether it’s a new deposit incentive or a bet settlement, the regulations should be simple to grasp and free of ambiguity.

Which sportsbook bonus should I select?

It is only natural to select the bonus that offers the most money. However, as we have shown, this is not the only element to consider. A detailed examination of the concealed phrases is required if you wish to avoid unpleasant shocks.

When it comes to a sports betting welcome bonus, a bookmaker with a top product and a successful retention programme will provide more lenient restrictions. The rationale for this is that it knows the player is likely to stay for a long time and make frequent deposits.

A sportsbook with a below-average offering, on the other hand, will have higher regulations. Because the player is unlikely to return after spending the welcome offer, it wishes to protect earnings. Significant red flags include stringent KYC requirements, stake limits, and misleading claims for duplicate accounts.

Overall, a 100% deposit bonus up to €/£100 is a terrific place to start. Anything less than an 8x rollover with minimum odds of 2.00 or less indicates a legitimate bookmaker. You will have a better chance of winning if you pay attention to hidden terms.

How to Get an Online Betting Bonus

The method for claiming a bonus bet or incentive differs from sportsbook to sportsbook, particularly for promotions for current customers.

Claim a sign-up offer, on the other hand, will normally be the same regardless of the bonus betting site you join.

The following are the measures you must take.

Select a Betting Site

The first thing you’ll need is an account with a bonus-rich online betting service. If your bankroll allows it, we recommend you sign up with at least two, ideally three, sportsbooks.

You should have accounts with two or three online bookies that give bonuses (at the very least), because each site will offer action on events and markets that the others do not.

Multiple betting sites also make it simple to compare and take the greatest odds, which is one of the most straightforward ways to make/save money when betting on sports online.

There are numerous approaches to select a betting site. The simplest option, though, is to just sign up for one or three of the real money betting sites with bonuses that we recommend.

These are the greatest sports betting bonus sites available online right now. Why not take advantage of our efforts and save yourself some time, money, and aggravation?

That’s exactly what we’d do. However, the decision is entirely yours.

Create an Account

The following step is to set up an account. Simply locate and click the “sign up” or “join now” button that most betting sites have strategically placed throughout their website.

This will send you to a page where you must enter some information. Here are the specifics that most sports betting sites with incentives require.

  • Name • Email address • Physical address • Phone number • Birth date

This is essentially what any online gaming site will request. They are not attempting to be nosy. They simply want to ensure that your use of their site is lawful and that you are not a scammer.

After you complete this section, most sportsbooks will send you a confirmation email. Open this email and click the link within it to “confirm” your account — another another safety and security precaution.

You now have a fully functional account.

Make a Down Payment

The next step is to make a deposit, which is required if you wish to wager real money on sports and earn a betting bonus.

This procedure is essentially the same at any online betting site that offers incentives. The primary distinction between each site is the banking methods they accept.

The following are the most common banking methods they accept.

  • Prepaid cards • Gift cards • Credit/debit cards (Visa, Mastercard, American Express (Amex), Discover)
  • Cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and Ripple) (Skrill, Neteller, PayPal)
  • Money transfers (MoneyGram and Western Union)
  • E-checks • Bank wires

Most sportsbooks also accept banking alternatives that are exclusive to a certain region or country.

You can check our reviews to discover if a betting site supports the banking method you like. You can also establish a free account and search for yourself.

IMPORTANT INFORMATION

We encourage that US gamblers use Bitcoin to place online bets. It’s not just the simplest way to deposit and withdraw funds, but you’ll generally be eligible for additional incentives and prizes.

Select a Betting Bonus or Promotion

If there are many Sports Betting Bonuses available, you will choose one throughout the depositing process. You may also be required to enter a bonus code or a promotional code.

This is a straightforward section. Simply enter the bonus code for the sportsbook promotion you wish to use in the appropriate field. Make a note of this before submitting your deposit request.

And that’s the end of it. The offer should be available right now (though that depends on the specific betting offer you claimed).

Now that we’ve covered the basics, let’s move on to the exceptions. Because there are always going to be exceptions.

  • You will not always be required to input a bonus or promo code in order to claim a deposit bonus or deal.
  •  Sometimes you’ll simply click a box for the offer you want to claim, while other times a betting site offering bonus offers may require you to send them an email stating which sports betting promotion you wish to claim. Furthermore, at some betting sites, you will be presented with offers automatically. All you have to do is make a deposit, and the money will be in your account a short time later.

In their terms and conditions, most of the top bonus betting sites will explain you how to collect their offer. You don’t want to mess this up. Otherwise, you risk forfeiting a bonus, free bonus bet, or other promotional offer.

It’s one of the many reasons why you should read the bonus terms and conditions at every sportsbook.

Recognizing Bonus Terms and Conditions

Sports Betting Bonuses are entertaining and interesting. They have the potential to put a lot of money in your pocket and help you build your bankroll.

However, there is a serious side to this as well – the terms and conditions.

Betting sites include bonus terms in their terms and conditions for a variety of reasons, but these two are likely the most essential.

  • To keep scammers from exploiting bonuses; 
  •  To give themselves the best chance of making money.

Bonus terms tilt the odds in favour of the bookies. That shouldn’t come as a surprise. After all, sportsbooks are in business to make money, not to give it free.

That doesn’t mean you can’t profit from your bonus bets or rebates. However, if you violate the restrictions of the offer you claimed, you will jeopardise your prospects of making any money.

However, this is simple to avoid. All you have to do is read and comply with the terms of each betting promotion you use. The following are some of the most prevalent terms to be aware of.

Requirement for Rollover at Sports Betting Bonuses

This is the most prevalent word or “rule” you’ll have to follow. It’s also known as a wager or playthrough requirement.

A rollover requirement is a multiple of your deposit and/or bonus. The result is the amount of money you must wager before you can withdraw your profits.

Assume you receive a 100 percent sportsbook bonus. You deposit $500 and receive an additional $500 to bet with. The rollover requirements are 10x for both the deposit and the bonus.

Here’s how the math will look.

[deposit + match bonus] * [rollover requirement] = wagering amount

When we plug in our example numbers, we notice that we’ll need to risk $10,000 before we can cash out our winnings.

In a nutshell, that’s how rollover requirements work. Keep in mind that certain rollover conditions only apply to the bonus or deposit, but others apply to both (combined).

Date of Expiration

This word indicates how much time you have to complete the bonus.

Many sportsbook promotions have expiration dates ranging from 14 to 30 days, though this varies greatly.

Odds Minimum

This tells you the minimum odds you must accept in order to clear an offer.

For example, an offer may state that all bets must be at odds of 2.5:1 or more. Bets on odds less than that will not be counted or applied to the rollover.

Bet Minimum/Maximum

This word describes how much and how little you can bet while clearing a sports betting bonus or bonus bet. For example, the minimum and maximum bets may be $1 and $10, respectively.

Minimum and maximum bets are less common in sportsbooks than in other venues, such as casinos.

Maximum Victory

This informs you how much money you can win from a bet. This rule may be particular to the betting offer, or it may be a rule that applies whether or not you use a bonus.

Amount of Maximum Withdrawal

This is the maximum amount of profits you can withdraw from a single wager or deal. Furthermore, if you withdraw your winnings, the sportsbook will frequently forfeit the remainder of your bonus/winnings.

Refer-a-Friend

These rules will specify how much your friend must deposit and rollover before the betting site will credit you with your bonus. They will also tell you if and how much you need to roll over your bonus or incentive.

That concludes the most frequent terms and conditions that you must follow if you claim an online betting promotion.

To emphasise how vital this is, many betting sites will simply forfeit your bonus and/or winnings if you do not adhere to their rules. If you try to cash out too soon, place the improper bets, or do anything else that violates the conditions, you might lose hundreds or thousands of dollars. This is why, in our betting site reviews, we mention the important terms and conditions for every big offer. We don’t want you to lose a lot of money because of a misunderstanding.

And you can guarantee that sports betting sites would welcome these technicalities if it means saving them from having to deliver you hundreds of dollars in wins.

So, don’t put off doing your homework. Read the terms and conditions for each sports betting promotion you apply for. If you do that, you’ll be one step closer to stuffing your pockets with hundreds of thousands of dollars in online sports betting bonuses, free bonus bets, rebates, and other perks.

Here’s a rundown of the terms and conditions for some of the top real money online sportsbook bonuses on the market.

Conclusion on Sport Betting Bonuses 

By now, you should be well-versed in every form of bonus or offer that an online sportsbook might throw your way. It’s possible that you’ll see something fresh and unique that we haven’t included here, but these will be the majority of what you see.

The following are the important takeaways:

  • Make certain that you completely comprehend any bonus or promotion in which you are participating.
  • Never pass up a better line or odds for a promotion.
  •  If you are unsure about a promotion, call support for assistance BEFORE you participate.

FAQ

What Is the Best Way to Take Advantage of Online Betting Bonuses?

Many people take advantage of free bets as an excuse to place a long-shot gamble. It’s not coming out of their pocket, and they could win big, so why not? That’s an acceptable strategy, but here’s what we think you should do instead.

Use simple betting tactics to locate the markets with the most value. Then compare the odds to obtain the best deal. If you do this, you will boost your chances of adding some prizes to any bonus money you receive.

Where Can I Find the Most Up-to-Date Online Betting Promotions?

Many of the best bonus betting companies post the most recent promotions on their websites. That’s one simple method for keeping track of online sportsbook bonus codes.

They will also send you emails with the best betting promotions available. So, when you establish your account, make sure to choose an email address that you really check.

We also post new betting bonuses, promotions, and limited-time offers on this page, so bookmark it as well.

Is it obligatory for me to claim a betting deposit bonus?

No. On their deposit page, many betting companies have a checkbox that asks if you want a bonus applied to your account.

Send them an email if they don’t before you make a deposit. Otherwise, they may immediately apply a bonus to your account, and you will be unable to withdraw until you complete it.

If you do not want to meet the wagering criteria, you may choose not to claim a bonus or betting offer.

Why Do Betting Websites Provide Bonuses, Free Bets, and Other Promotions?

There are several causes for this.

  • It’s one method for them to stand out from the crowd of online betting services and persuade those who are on the fence to open an account with them.
  • To reward repeat customers or those that spend a lot of money at their sportsbook.

To entice established consumers who haven’t bet in weeks, months, or years to return and begin betting again.

Their ultimate purpose is to make money, and the only way they can do so is if they have consumers who place real money bets. Offering some of the top online sports betting bonuses is a good approach to encourage individuals to do so.

Which Sports Betting Sites Have the Best Sign-Up Bonuses?

The websites we suggest are a good place to start.

It is vital to know that simply joining an online betting site because they provide appealing bonuses and discounts is not a good idea. You should also ensure that they offer action on the sports and events you want to bet on, that they have the banking alternatives you like, and that they are a safe and trustworthy betting site.

As a result, you should stay with the finest betting sites for bonuses that we recommend, as they all match that criterion.

There’s one more item to think about. You must still ensure that a site is appropriate for any other preferences you may have. Joining the top online sportsbook for bonuses is pointless if they don’t offer the types of bets you want to make or cover the leagues you want to bet on.

Q: How do I apply for a sports betting bonus?

First, you must register with your favourite sportsbook. Then go to the promotions page and choose your favourite sports betting bonus. Deposit the amount you want, input a code if necessary, and your bankroll will be charged immediately.

Q: Which online sportsbooks offer the best bonuses?

It is prudent to refer to our table at the top of the page. We make certain to feature the greatest betting bonuses with reasonable wagering requirements from reputable bookies.

Q: Is it possible to withdraw monies from a welcome deposit bonus?

Yes, as long as you’ve completed the necessary rollover. Depending on the sportsbook, each introductory deposit bonus must be wagered a specified number of times.

Q: Is it worthwhile to get a matched betting bonus?

Definitely, as it will boost your deposit and increase your chances of winning. Furthermore, the minimum deposit is extremely minimal, as are the criteria.

Q: Which sportsbook offers the best bonuses?

With bet365, 888sport, and Unibet, you can’t go wrong. These bookmakers have a lengthy history and a renowned name, which ensures that they have the greatest deals accessible. Check out our table above for additional sportsbook incentives.

Michael Adams
Experienced writer in iGaming Industry. Worked for the big companies in the industry, now I took the challenge to grow with a new company and a new website. The future is bright and I am happy to be part of it!
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