Sports betting bonuses are a marketing tactic that sportsbooks use to draw new players and to retain existing players. These promotions are in the form of free cash that sports betting sites reward players for signing up, making a deposit and placing bets.
New sports punters are interested in finding sportsbooks that offer top betting bonuses. However, this may not be a simple task because of the various kinds of bonuses available at US sports betting sites. Fortunately, we have put this sports betting bonus page to help US punter find the best sports betting sites bonus.
How Top Betting Bonuses Work in America
You might ask yourself why would sportsbooks give away free money? However, they don’t give away the money because there are always terms and conditions attached to the bonuses. There are reasons why sports betting sites offer betting bonuses, and they can be summoned up below:
- Attract new players – sports betting bonuses work as an advertising approach to get new punters to sign up. They entice them by offering sports betting bonuses that can be triple the deposited amount. They use free bets to ease the worry that you may have about placing real money wagers.
- Rewarding existing players – existing punters at a sportsbook online will continually deposit money to place bets on their favourite sport. To keep you interested and coming back to place more wagers, the sporting sites will reward them with bonuses to add on to their bankroll. These rewards give punters a reason to keep on betting.
- Bring back dormant players – sometimes players will take a long time to place their next bet. As a result, an online sportsbook will try to get them to play again by offering sports betting bonuses for their next deposit.
Types of Sports Betting Bonuses
There are various kinds of sports betting bonuses that US players can take advantage of at the best betting sites. See below for the different types of bonuses:
Online sports betting sign up bonus
This bonus is awarded to new players who sign up at a sports betting site. Once you have deposited into your account, it will reflect in your account. Some sites offer a 100% sign up bonus for sports betting.
Deposit bonus sports betting
This is deposit match bonus that you will be rewarded for your deposits you make into your account. 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.
Free Bets Bonus
This bonus is the second common bonus, the first being the deposit match bonus. This bonus applies to when 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 with the $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 that you have to play for your losing bets. It is more applicable to money lines and spreads.
Sports betting rebates
This bonus is for punters with high activity at a sports betting site. They will be offered a refund which gives them back a particular portion of their total betting activity. These can be given weekly, monthly or even yearly.
Cashback sporting betting bonuses
This is another bonus that is for a punter with high volume activity. However, unlike rebates, they offer a smaller percentage back. They also apply as points that have been converted into cash back. You would have collected the points over time when placing bets.
No deposit bonus for sports betting
This bonus is awarded when you sign up and requires no deposits to be made. It is usually small amounts of money that the sportsbook online will give you to get started with your bets.
Bitcoin sports betting bonus
Bitcoin has become a currency that many sports books accept on their sites. They will also offer bonuses that are specific to the banking option. Sites that offer bitcoin bonuses, usually have bonuses that are bigger than the usual bonuses.
As we have mentioned, all the sports betting bonus offers have terms and conditions that are attached to them. Since they are free money, there will be requirements that you must meet to be able to cash out any winnings made from the bonuses. These are also referred to as rollover requirements or wagering requirements.
What this means is that you will be required to use your bonus a number of times before it is turned into real money you can withdraw. That is why you will see rollover expresses as 10x, 35x or 45x. The number reflects the number of times you will have to use the bonus.
Maximising your Best Bonuses for Sports Betting
One of the best ways to maximise your best sports betting bonuses is to read the terms and conditions of the bonuses at the best bonus betting sites. In that way, you know what is expected of you, and you will see the value of your bonus. This will also help you be able to complete your rollover requirements and avoid bonuses that have 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 in which you can follow to decline a bonus. The main condition would be to decline the bonus before you have used. 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.
FAQs About the Best Sports Betting Bonuses
What is a rollover bonus in sports betting?
Rollover is the requirements that you will have to meet to be able to claim the winnings you have made using the sports betting bonus. Each site will have their requirements, and it is best to read about them before claiming any bonus.
Are there any best welcome bonus betting sites?
Yes, you need to know where to look to find them. Luckily, for US players we feature the best sports betting sites with sign up bonus. Just look through our listed sports betting sites and sign up with one that has the best welcome bonus for betting.
How do I claim a sports betting bonus?
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.
Are the best online sports betting bonuses available on mobile?
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 they will be specific to mobile. Always check with the terms and conditions of the website to check on the requirements of mobile sports betting bonuses.
Where can I use my online sports betting bonus?
In American sports, there are leagues 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 best. However, this kind of restriction is scarce.