Types of Sportsbook Bonuses
There are thousands of online sportsbooks on the market today, and new ones starting up almost daily. Online websites offer many different types of bonus awards. We are here to help you sort through the fine print of online Bonus offers.
Like some of the “Ladies” you’ll see strolling through Casino’s in Las Vegas, not everything is what it appears to be. Knowing the difference between a bonus with true value, and one that’s nothing more than a pretty face, can earn you hundreds of dollars annually. Read on to learn more about Sportsbook Bonus offers.
Kinds of Sportsbook Bonus
Bonus offers can be as varied as the number of betting options at our top rated sportsbooks. Knowing whether you should accept a signup or reload bonus, select a free play or a match-play offer, is dependent on many things as we outline below. Use sportsbook bonus offers to your advantage – don’t let them use you.
Of all the bonus offers online today, the Sign Up Bonus is the one awarded to sports bettors most often. Normally a sign up bonus is a percentage between 10% and 100% of your first deposit. Simply stated, a deposit of $100 that comes with a 50% sign up bonus means your bankroll begins with $150 as its base amount.
Match Bonus offers are normally the most lucrative of all bonus rewards. Only a handful of betting websites offer match bonuses as their primary offer. More often sportsbooks will use match bonuses as a special promotion during major sporting events like the World Cup of Soccer. A 100% match bonus means a $50 deposit will be matched dollar for dollar by the offering sportsbook.
Deposit Bonuses can be earned with an initial deposit or when you reload funds to your bankroll. As is the case with all bonus offers, there are terms such as rollover rates that your need to be aware of. Generally speaking, the rollover will normally be lower on reload bonuses than it is on a first or initial deposit offer.
When it comes time to top up your sports betting bankroll, be sure to take advantage of solid reload bonuses if they are being offered. In many cases the reload bonus percentage will be the same, or slightly lower, than a sign up bonus. While the bonus cash is yours to keep, you must make a certain amount of wagers before you can cash out any funds obtained through a reload bonus offer.
Another popular player reward comes in the form of a Free Bet Bonus offer. This bonus has fixed price attached to it and must be used to make a wager on sports, the horses, or during live action slot play in the Casino. Many of our top rated sportsbooks will offer a free bet bonus at sign up or as thank you reward to be used during global events like the NFL Super Bowl.
Without a doubt, the Albatross of online bonus offers is the No Deposit Bonus. Sportsbooks offer these rewards from time to time to tempt bettors to test drive their website or during major events as a player recognition reward. No Deposit Bonus offers always carry very heavy rollover rates, along with lots of restrictions. They are valuable though, especially if you want to experience a new betting website.