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Sportsbooks offer bettors a wide range of enticing bonus offers in a bid to stand out in an extremely competitive market. You can therefore benefit from all manner of free bets, boosted odds promotions, risk free wagers and more. These sportsbook bonuses can really help you swing into a profit over the course of the year, so it is important to snap up as many of them as possible. However, there are wagering requirements, terms and conditions that you need to bear in mind, so we have created this sportsbook bonus page to help you understand what is on offer. Read on to learn more about the exciting offers you can take advantage of today at some of the best sportsbooks in the world.
Hundreds of betting sites are all vying for your business and they must work hard to stand out from the crowd. The vast majority of sports betting sites provide attractive betting sign-up offers in an effort to tempt new customers. These are the key welcome bonus offers that you should familiarize yourself with.
You generally have to deposit some of your own money into a new account before you can unlock a sports betting bonus. This is called a match bonus. For example, betting sites might offer you a 100% cash bonus if you sign up for a new account. That means it will give you 100% of the amount you deposit in the form of a free bet. If you deposit $100 of your own money, you will receive $200 in credit to play with.
You generally have to deposit some of your own money into a new account before you can unlock a sports betting bonus. This is called a match bonus. For example, betting sites might offer you a 100% cash bonus if you sign up for a new account. That means it will give you 100% of the amount you deposit in the form of a free bet. If you deposit $100 of your own money, you will receive $200 in credit to play with.
You will generally only have a short period of time in which to claim your bonus. If you leave it there for more than 14 days, it will probably disappear. You might also be restricted in terms of the betting markets that you can use your free bet bonus on. For example, it might only be valid when betting on the spread or totals, or it might only be valid for certain sports. A common condition on a free bet bonus is a minimum odds requirement. You cannot simply bet your bonus on a few overwhelming favorites at odds of -10000 and expect that to take care of your rollover requirement. You will generally find that you have to wager it at minimum odds of -200, -150 on +100. This is another important point to bear in mind when weighing up how attractive these free bets and risk-free bet promotions actually are. Some players prefer to simply avoid free bets and risk-free offers altogether, but they can be very lucrative if you get it right.
A number of sportsbooks will run loyalty programs to encourage customers to stick with them. You will earn reward points every time you bet on a sporting event, bet at a table game or bet on a virtual slot. The number of bet points you earn may differ depending on the bet you place. For example, Bovada gives customers 1 point for betting $1 on either video poker or table games, 5 points for a bet of $1 on slot games, 3 points for betting $1 on sports singles (moneyline, spread etc.), 15 points for betting $1 on teasers, 25 points for betting $1 on a sports round robin or a parlay, 40 points for a $1 straight bet at the racebook or 60 points for a $1 exotic bet or multiple at the racebook. You would therefore earn $600 points by betting $10 on an exacta for the Kentucky Derby.