A sports betting bonus is a marketing tactic sportsbooks use to draw in new players and retain existing players. These promotions are in the form of free cash that sports betting sites reward players for signing up, depositing, and placing bets.
Most gamblers are interested in finding the best online gambling sites with top betting bonuses. However, this is not a simple task because of the various bonuses available at sports betting sites. Fortunately, we have put this sports betting bonus page to help you find the best sports betting bonuses.
Sports Betting Bonus Links
- Get Top Sportsbook Bonuses Here
- How Online Betting Bonus Offers Work
- Types of Sports Betting Bonuses
- Maximizing your Online Bonus Bets
- Online Sportsbook Bonuses – FAQs
You might ask yourself why sportsbooks would give away free money? However, there are terms and conditions attached to bonuses, so it not really free. Aside from this, there are reasons why sportsbooks offer bonuses, including:
- To attract new gamblers – the best sportsbook online get new bettors to sign up. These deals could triple your deposited amount. They use free bets to ease worries you may have about placing real money wagers.
- Reward existing gamblers – existing gamblers will continually deposit money to bet on their favorite sport. To keep you interested and return to place more wagers, sites will reward you with bonuses to increase your bankroll.
- Bring back dormant gamblers – sometimes, gamblers will take a long time to place their next bet. As a result, an online sportsbook will try to get them to bet again by offering sports betting bonuses for their next deposit.
There are various kinds of sports betting bonuses you can take advantage of at betting sites. See below for the best types of bonuses:
Online Sports Betting Sign Up Bonus
It’s not difficult to find sports betting sites with sign up bonus. Essentially, most sportsbooks offer a sign-up deal. Usually, a sportsbook will match your initial deposit by a certain percentage as part of the welcome offer.
For example, if a casino has a 100% match bonus, and you deposit $100, you will get an additional $100 to go with your deposit. Generally, these are the biggest bonuses you’ll get at an online sportsbook.
Online Betting Deposit Bonus
Deposit bonus sports betting deals reward you for your deposits. The sports betting site will give you a percentage of your deposit. For example, if they are offering a 100% match up bonus of up to $500, it means that you will get $500 and you will have a total of $1000 ($500 in bonus cash and $500 from your deposit).
Free Bets Bonus
The free bet bonus is the second most common bonus (the first being the deposit match bonus.) Free bets usually apply to cases where you have lost your bet, so it works like insurance. For example, if there is a free bet of up to $50 and you make your first bet, and you lose, you will be repaid $50.
Reduced Juice Bonus
By juice, we mean the fees that sportsbooks charge on losing sports bets. The reduced juice bonus will give a discount on the fees you pay for your losing bets. It is mostly applicable to moneylines and spreads.
Sports Betting Rebates
This bonus is for gamblers with high activity at a sports betting site. You will be offered a refund, which gives up a particular portion of your total betting activity back. These can be given weekly, monthly, or even yearly.
Cashback Online Betting Bonus Codes
This is another bonus that is for a gambler with high volume activity. However, unlike rebates, they offer a smaller percentage back. They also apply as points that have been converted into cash. You would have collected the points over time when placing bets.
Online Betting Sites No Deposit Bonus
Free online betting no deposit bonus deals are awarded when you sign up and require no deposits to qualify. Online sports betting free bonus offers usually consist of small amounts of money that the sportsbook gives you to get you started.
Bitcoin Sports Betting Bonus
Bitcoin has become a currency that many sportsbooks accept on their sites. Many sites offer online betting bonuses specific to the banking option. Bitcoin bonuses are usually slightly bigger than the standard bonuses.
As mentioned, all the sports betting bonuses have terms and conditions attached. Since they are free money, there will be requirements you must meet to cash out winnings made from bonuses. These are also referred to as rollover requirements or wagering requirements.
This means that you will be required to use your bonus some times before it is turned into real money you can withdraw. That is why you will see rollover expressed as 10x, 35x, or 45x. The number reflects the number of times you have to use the bonus.
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One of the best ways to maximize your best sports betting bonuses is to read the bonus terms and conditions. In that way, you know what is expected of you, and you will see the value of your bonus. This will also help you complete your rollover requirements and avoid bonuses with high rollover requirements.
Another important thing to note is that you are allowed to decline a sports betting bonus. Each sports betting site will have a process you can follow to decline a bonus. The main condition would be to decline the bonus before you have used it.
In some cases, you will have to contact the sportsbook or choose to decline when making your deposits. However, if you are unsure about anything, instead send them an email before making any deposits.
Rollover is the requirement that you will have to meet to claim the winnings you have made using the sports betting bonus. Each site will have its requirements, and it is best to read about them before claiming any bonus.
Yes, you need to know where to look to find them. Luckily, for US players, we feature the best sports betting sites with a sign-up bonus. Just look through our listed sports betting sites and sign up with one that has the best welcome bonus for betting.
Usually, a sports betting site will automatically credit you the bonus once you have deposited into your account. There are also online sportsbooks that will require you to include bonus codes when making a deposit to claim the bonus.
There are sports betting sites that are available on mobile devices. They will either offer bonuses similar to the ones on their desktop site or be specific to mobile. Always check with the website’s terms and conditions to check on mobile sports betting bonuses’ requirements.
There are leagues in American sports, and some sports betting sites will restrict your bonus to a specific one. Other sites will also restrict your bonus bets on single events. For example, they may restrict you on the money line and spreads it best. However, this kind of restriction is scarce.