Online sportsbook bonuses can be an excellent way to maximize your winnings, but it’s important to know what they are and how to use them to your advantage. By understanding online sportsbook bonuses and how they work, you can increase your bankroll and improve your chances of winning back your stake. Read your guide to learn everything about betting bonuses.
Understanding Online Sportsbook Bonuses & Their Types
Online sportsbooks provide various types of bonuses to their users. You can find dozens of offers on our comprehensive sports betting bonus list, but how to know which ones to use? Below are the most common types of online sportsbook bonuses you can meet at betting sites worldwide.
Sign-Up Bonus
The most popular type of online sportsbook bonus is the sign-up bonus. It is offered to new customers who create an account on a bookmaker site. The sign-up bonus is a one-time offer, and it usually matches a percentage of your first deposit. For instance, if the bonus is 100% up to $500, it means that if you deposit $500, you will receive an additional $500 in bonus money. However, there are usually terms and conditions attached to sign-up bonuses, which we will explain in the next section.
Reload Bonus
A reload bonus is a bonus offered to existing users who add money to their account after their initial deposit. This bonus is designed to encourage customers to continue betting even after using their sign-up bonus. The reload offer is usually a smaller percentage than the sign-up bonus (e.g. a 50% on your deposit), and it may have a lower maximum limit.
Free Bet
A free bet is a bonus that allows you to place a bet without risking any of your money. If you win the bet, you keep the winnings, but if you lose, you don’t waste any of your money. Free bets are usually only valid for a specific amount of time and may be subject to certain terms and conditions.
No Deposit Bonus
A no deposit bonus is a rare type of bonus that is offered to new customers without requiring them to deposit any money into their account. However, this type of bonus is difficult to find, and the amount offered is usually small.
Referral Bonus
A referral bonus is a special reward that is given for inviting new players to join the same sportsbook. Once they join the sportsbook using a special link or code, you will receive a reward. Here you have everything about referral bonuses explained.
Terms and Conditions of Online Sportsbook Bonuses
A key to understanding online sportsbook bonuses is knowing all the terms and conditions. While online sportsbook bonuses may seem like a great deal, they often come with rules that you must read before accepting them. Here are some of the most common terms and conditions you can meet on betting sites.
Wagering Requirements
Wagering requirements are attached to most online sportsbook bonuses. They require you to bet a certain amount of money before you can withdraw your bonus money and any winnings associated with it. For instance, if you receive a $100 bonus with a 5x wagering requirement, you will need to place $500 worth of bets before you can withdraw your bonus money and any winnings associated with it. However, different sportsbooks have different wagering policies, so it’s important to read the terms and conditions carefully before accepting a bonus.
Time Limits
Online sportsbook bonuses usually come with time limits. You need to meet the wagering requirements within a specified period, otherwise, the bonus will expire. The time limit varies from one sportsbook to another, but it is usually between 7–30 days.
Minimum Odds
Some online sportsbooks require you to place bets on minimum odds to qualify for bonuses. For instance, you may need to place bets on odds of 1.5 or higher to qualify for a bonus. It is also important to remember to come to understanding online sportsbook bonuses.
How to Claim Online Sportsbook Bonuses
Claiming online sportsbook bonuses is a straightforward process, but if you need a step-by-step guide, here you are. Follow these instructions to get your bonus at any sports betting site you choose:
- Create an account with an online sportsbook that offers bonuses. You will need to provide your personal information, such as your name, address, phone number, country, and email.
- Make a deposit to your account via any deposit method. The range of payment tools varies from one sportsbook to another, but most sites accept credit cards, debit cards, e-wallets, crypto, and bank transfers.
- Once you have completed making your deposit, the next step is to ask for the bonus. You may need to enter a bonus code if necessary, or just select the bonus from a dropdown menu.
- The final step is to meet the wagering requirements. You can do this by placing bets on the sportsbook’s offerings. Once you have met the wagering requirements, you can withdraw your bonus money and any winnings you earn with it.
