There are thousands of online sportsbooks on the market today, and new ones starting up almost daily. Books offer many different types of bonus awards to incentivize you to play with them. We’re here to help you sort through the fine print to get to the meat of the offer. Like some of the “ladies” you’ll see strolling through casinos in Las Vegas, not all that glitters is gold. Knowing the difference between a bonus with true value vs one with no spine, is what we do best…
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. It will make all the difference when you do.
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 per cent and 100 per cent of your first deposit. Simply stated, a deposit of $100 that comes with a 50 per cent sign up bonus means your bankroll begins with $150 as its base amount. Often there are restrictions that come with such bonuses, such as how many times you must make rollover bets prior to being permitted to cash out, so always read the fine print before singing up to a sportsbook.
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 per cent match bonus means a $50 deposit will be matched dollar for dollar by the offering sportsbook.
As the title suggests, this is a offer made when you initially create your account and make your first cash deposit. The bonus offered is generally a percentage of that initial deposit amount, usually ranking from 15 per cent to 50 per cent. But always remember, although the bonus amount is credited to your account, it’s still not really your money. You must earn access to that cash by first making bets with it. Almost always there is a rollover requirement attached to the amount offered as a bonus. For instance, say a sportsboook requires a 5X rollover on its deposit bonuses. Were you to deposit $100, and the bonus offered were 50 per cent, that would mean you’d be required to wager $750 before you would be able to withdraw the bonus amount.
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.
A small number of sportsbook offer this bonus, where they offer to return a percentage of losses back to the customer. It serves a twofold purpose – the customer feels happy because they didn’t lose their entire bet and it encourages them to stay with the site and make more wagers. This offer tends to be most commonly found in racebooks.