Sports betting bonuses are promotions that online sportsbooks offer. Furthermore, they are great if you want free cash and they boost your initial deposit.
US online sportsbooks reward new depositors with bonuses on their first deposit. They add that extra incentive for you to play and you should use them as often as possible. They come in many shapes and forms.
The basic idea is the same, however. You’ll get some extra cash that you can bet with – and hopefully even withdraw it later on. Sports betting bonuses are worth grabbing. It doesn’t matter how big the bonus is or what kind of a player you are. A friendly word of advise when it comes to a bonus – read the bonus terms, always. And, make sure that the sports betting bonus suits your style of play.
How do sports betting bonuses work? It depends on the specific type of sports betting bonus. There are three main types of sports betting bonuses: deposit bonuses, free bet bonuses, and cashback bonuses.
Deposit bonuses are essentially sign-up bonuses. USA sportsbooks online can spread the welcome bonus over two, even three bonuses. They can double your initial deposit, so they are worth it. Our best USA sportsbooks online can give you hundreds even thousands of dollars in bonus money.
Reload bonuses work the same on the same premise as the sports betting bonus. The only difference it’s smaller and available only to returning sports bettors. Unlike a reload bonus at online casinos, reload bonuses at online sportsbooks are rare. Some online sportsbooks offer monthly reload bonuses. The good news is that reload bonuses come with smaller bonus wagering requirements as well.
To be able to withdraw your bonus cash, you need to fulfill bonus wagering requirements. In other words, make enough real money bets. This is usually about 5x-20x your deposit and bonus combined. At most online sportsbooks, only bets on odds of above 2.00 count towards the bonus wagering requirements. That’s to prevent players from using low odds to clear sports betting bonuses quickly.
Free bet bonuses are all about giving you a free bet that you can use on selected events. There may be some limitations. For example, the odds of the event must be above 2.00.
Note that some free bet bonuses will give you only the winnings part of their returns if they land. For example, if you use a $10 free bet on a bet with odds of 2.00 and it wins. You won’t receive a bonus of $20 to your account. Rather, you’ll receive winnings of $10.
Cashback bonuses are special bonuses sportsbooks offer you over a certain period of time. They are available mainly to high rollers through loyalty programs. If you get them, you’ll get some percentage of your lost bets back into your account after a while. This can be weekly or monthly. You always need to check the specific terms and conditions to learn which losing bets count and which don’t.
If you want the most out of sports betting bonuses, use our expert tips. They will help you get the most out of your bonus, so make sure you follow it by heart.
The most important tip is to read the terms and conditions carefully. They tell you everything you need to know about the bonus. That way, you’ll know the minimum deposit and the size of the roll-over requirement. Pay attention to all the details and you’ll never have any issues with the sports betting bonus.
Looking ahead and planning what to do with the sports betting bonus is important too. If you had a few bad sessions stay away from betting for a while. Even if that means no bonuses at all. There will be fresh bonuses for you to grab when you decide to play again. Betting on something just for the sake of it is never worth it. You’ll burn through your bankroll quickly if you make a few bad calls.
Bonus hopping is a good idea for newcomers to sports betting. A bonus on deposit is by far the most generous of sports betting bonuses. If you can grab a bonus at an online sportsbook, you should.
That is even if that means making a new account. Take a look at our long list of top online sportsbooks.
Newcomers can find it tricky to navigate sports betting bonuses easily. So what are the most common sports betting bonus mistakes?
A common sports betting bonus mistake; the sportsbook doesn’t credit the bonus to your account due to an error. It so happens that players often forget to enter the promo code. Or it can mean using a deposit method that doesn’t qualify for the given sports betting bonus.
You can avoid the mistakes most bettors make. Double-check the bonus terms to make sure that there are no hidden clauses that can impact your play negatively.
Another common sports betting bonus mistake is not knowing what the bonus wagering requirements are. Some free bets, for example, will give you cash only on winnings if you win the bet. That means it makes no sense to place them on bets with low odds. Moreover, you’ll win a minuscule amount even if the bet goes through.
The last sports betting bonus mistake that newcomers sometimes make is forgetting about a time limit. Free bets and deposit bonuses often come with time limits in the range of weeks. If you don’t use them in that time range, you’ll lose their worth entirely. You can even have your bonus cash disappear from your online sportsbook account. Plan ahead and don’t take up sports betting bonuses that you don’t have time for!
Sports betting bonuses are ideal for players that want to get some extra cash for sports betting. They are rarely as big as casino bonuses, but that’s beside the point. You can grab a lot of extras at our top online sportsbooks.
Are those sportsbooks safe to play at? Of course, they are because they have a legal license in various gaming jurisdictions. That means they pay out fairly and handle customer complaints quickly. You can get in touch with them even via live chat if you want to!