With the sweeping embrace of online sports betting came a bevy of sportsbooks for players to choose from, which then came with sportsbook bonus offers galore. Unfortunately, things that are free usually aren’t. That’s why we took a look at the underbelly of the notorious sports betting signup bonus. Do the legwork before you choose your bonus type so no wool is pulled over your eyes.
Sports Betting Signup Bonus
How do they work?
The best thing about obtaining a sign up bonus is that it’s incredibly quick and easy. First, open an account with one of the top recommended sportsbooks listed on SportsbookBonus.com.
All you have to do is enter your details such as name, address and email address. And don’t be worried about entering these details; these are highly responsible brands licensed by official gaming jurisdictions around the world. And besides, if you don’t give them your address they won’t know where to send your winnings!
Still, if you are feeling uneasy or this is your first time journeying into the world of sportsbooks, you can always check out our review pages for individual websites. Any of our sponsored partners that appear on our general content pages can be trusted as well. We make it as easy as possible for you to suss out reliable homes for your sportsbetting needs!
After you provide your information and open your account, all you have to do is deposit your money. All sportsbooks offer different deposit methods. Review their methods and limits and choose the one that is most convenient for you. After you make your deposit, you will see the bonus added to your account.
What will the amount of my signup bonus be after I open a sportsbook account?
Every sportsbook promotes different sign up bonuses. Some sites even offer exclusive bonuses that players can only claim if they have secret sportsbook bonus codes. You can find sign up bonuses anywhere from 10 percent and 150 percent and beyond. What this means is that you will receive that percentage of your initial deposit (the first deposit you make after opening your account). If you open an account at a sportsbook that is offering a 20 percent signup bonus and deposit $500, you will receive a free $100 credit in your account to place a wager.
Depending on the sportsbook, you will be able to use this bonus in different ways. Some sportsbooks will allow you to use the bonus anywhere on their site including the casino and poker room. Other sportsbooks only allow the bonus to be used in their sportsbook. Either way it is free money that you didn’t have to use to bet before opening your online sportsbook account.
The beautiful thing about signup bonuses is that they are a win-win for both parties involved. The online sportsbook obtains a new bettor and the bettor receives free money to place a wager in a safe and convenient manner.
Is my signup bonus instantly mine, or do terms apply?
Terms apply. They always apply. They can vary, but they will always apply. That’s why it’s important to read the fine print or contact a sportsbook’s customer service department when you aren’t entirely clear on a certain promotion or signup bonus.
Rollovers are the most common caveats. They basically force you to bet your “free money” a certain number of times before it is actually yours.
Let’s say you claim a $100 bonus with a rollover of 25. You must place 25 bets with that money before you can withdraw it free and clear. Throwing down 25 separate $1 bets won’t suffice, either. It’s 25 times the entire amount. So, in this example, you must place 25 bets worth at least $100, for a grand total of $2,500. Thus, this “free money” isn’t technically free—it doesn’t even exist unless you go on the hot streak to end all hot streaks.
To further complicate matters, there are usually restrictions placed on the odds of each qualifying rollover bet. Most sportsbooks won’t allow you to take the easy way out and, say, bet on 25 different formality moneylines. They want you laying 1.5-to-1 or more, lest your bet not count toward the rollover period.
Many websites don’t clearly list these rules. If they don’t, that doesn’t necessarily mean they are trying to throw you for a whirl, but they aren’t doing you any favors. At this point, don’t assume anything. Call, email or chat with a customer service representative to ensure you’re doing everything right, and that you are up to date on the sportsbook’s rollover demands.
Does my signup bonus ever expire?
The answer to this question depends on the sportsbook that you’re using, but yes, your signup bonus can expire.
Some websites only give you seven days to cycle through the rollover period. Others will give you a month. Many others will give you months, a year or more.
It’s important that you be aware of these expiration dates. Like the rollover requirements, they aren’t always listed. A quick inquiry to the customer service department goes a long way on this front. You don’t want to structure your deposit based off a bonus, then see that money disappear as you try to navigate the labyrinth of requirements it takes for you to keep this coin for yourself.
Are signup bonuses only for new customers?
Quite simply: Yes. They wouldn’t be signup bonuses if this wasn’t the case. Don’t go asking sportsbooks to make exceptions or making a bunch of different accounts on one website. Companies catch on, and these attempts usually prove unsuccessful. Frankly, these workarounds aren’t worth the prize; you’re essentially jumping through a ton of hoops just to have a longer-than-long shot at keeping a small sum of your money.
Besides, most sportsbooks have incentives for incumbent members. They will run deposit specials that reward you with a percentage of your next transaction. Some even have referral bonuses that will pay out a set amount if your friend lists you on his or her signup sheet.
The best part about these referral bonuses is that they can sometimes have no rollover. Most of them do, but they’re usually much smaller, and there’s a chance the rollover period doesn’t exist at all.
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