Most of the time, when a sportsbook offers a bonus to its players, they cap the offer with what is known as a maximum bonus amount. The max bonus amount is something that can slip past the mind of the sports bettor when they are depositing into their account. In order to get the most value out of a percentage-based deposit bonus it’s crucial to deposit just enough to unlock the maximum bonus amount available. Read below for more on researching the max bonus.
Bonuses and Betting Budgets: A Balancing Act
There are many reputable sportsbooks online, but they aren’t all created equally. Since sportsbooks have maximum bonus amount stipulations for their bonuses, it is important that you read the fine print to be sure that a) the threshold is in line with your bankroll b) you can extract the maximum value out of the bonus offer.
This example illustrates the importance of the Max Bonus stipulation when choosing how much to deposit.
Sportsbook A – Bonus Offer -> 10% Bonus – up to $50
Player 1 deposits $500 and receives the full available bonus amount of $50.
Player 2 deposits $1000 and receives the full available bonus amount of $50.
In this example, only half of Player 2′s deposit has resulted in free money, while all of Player 1′s deposit received a bonus. While depositing less, Player 1′s deposit extracted more value of the offer then Player 2.
Researching the Max Bonus
When you are researching sportsbooks to open an account, you want to be sure that you will receive the most bang for your buck. In sportsbook bonus terms this means you want to extract the most bonus value out of the cash you deposit.
If you find that the bonus being offered doesn’t cover the full amount of your deposit, then it might be a good idea to at competing offers elsewhere, or split up your deposit across two or more sports betting sites.
Regardless of the sportsbook you are betting with, if your objective is to maximize the value of your deposit through a sportsbook bonus offer, you must consider the Maximum Bonus Amount variable before deciding how much to deposit.