One of the core differences between offline and online sportsbooks are the bonuses and rewards. You can get hundreds of dollars in free bets, deposit bonuses, rebates, and VIP programs by simply opting to bet online.
With the right deal and a little bit of chance — since you still have to create winning sport bets — you can break even, or maybe even walk a little bit richer.
We know what you’re thinking — where do you sign up? But hold on just a second. Move too fast and you might make a frequent rookie mistake: registering for an internet sportsbook purely for their promotions.
That is a bad concept, and a surefire way to get ripped off. You want to make sure the sportsbook you are interested in is licensed, regulated, and most importantly has a reputation for fast paying their clients.
It is possible to find these sportsbooks on your own, but it might take you a while. And you would want to know what to search for, which not everyone does, judging by all of the“I have been ripped off; what can I do?“ Forum threads.
The simpler strategy — not to mention the quicker approach — is to join one of those sportsbooks we recommend below. Read our testimonials to ensure you discover the perfect match, then hit the“Visit Now“ button to head to the site and get started.
Rank Betting Website Deposit Bonus Get Started
#1 22bet Logo
22bet
100% Up To
$300
Go to Website #2 10Bet Sports Logo
10Bet Sports
50% Up To
$100
Visit Site #3 Twist Sports Logo
Spin Sports
100% Up To
$200
Go to Website #4 Guts Sports Logo
Guts Sports
100% Up To
$100
Go to Site If you’re new to this internet gaming item, we highly recommend you read each of those sportsbook reviews.
Not only will you learn about each sportsbook’s betting markets, options, and limits, but you might also compare bonus offers and conditions — items that we cover in more detail below.
But first, let us address a question we are sure many of you have:
Why Do Sportsbooks Offer This Stuff?
Are you wondering why sportsbooks give money cash, product, and other“free“ stuff? Because we would not blame you if your“if it appears too good to be true, it probably is“ radar is going off.
Relax — this is not a sham. Here are 3 reasons why sportsbooks provide these deals:
1
They want to attract new customers.
They provide deposit bonuses to lure you into making a deposit (because you can double or triple the starting bankroll). And they will use free stakes that will help you overcome any fear or anxiety that you may have about placing a bet. What do you need to lose if they are reassuring to give your money back in the event that you lose?
2
To promote dormant customers to come back.
Sportsbooks use offers to get bettors who have not placed a bet in a while back on the site. By way of instance, they’ll use a reload deposit bonus to get them to create another deposit if they drained their accounts balance.
3
To reward existing clients.
Sportsbooks have VIP and cash-back programs to offer you a little reward for being a loyal client. For others, it’s a tiny carrot to chase — a motive to continue gambling (so you can unlock a reward).
As you may see, sportsbooks have plenty of good (and fair ) reasons to provide bonuses and rewards. It makes you come in the door and spend money with them.
But do not think for a moment that you’re pulling a fast one. You’re not pulling the wool over anyone’s eyes.
Not at all.
Because each and every one of a sportsbook’s provides include terms and conditions you need to fulfill before you can cash out. These terms make it incredibly hard to turn a profit while on the sportsbook’s dime.
We’ll go into more detail about conditions and terms at a second — after we cover all the common bonuses and rewards you’ll encounter when betting sports online.
The Most Common Types of Bonuses and Promotions Sportsbooks Provide There are various kinds of promotions. But there are only a handful or two of common promotions you may trust to find at nearly every sportsbook you encounter online.
This is a list of the most common types of promotions, and information about how they work.
Free Bets
Most sportsbooks offer free bets. Get $10 here or $50 there. But these are not exactly what you think they are — their headlines are misleading. Here Is What we mean:
When a sportsbook provides a free bet, they’re not going to give you cash to wager with. What they are offering instead is a“secure“ bet. They’re offering insurance.
As an instance, say you find an offer for a“free live wager around $50.“ When you make your (first) live bet, should you lose, the sportsbook will reimburse you up to $50. This offer only pays if you lose.
And if you win?
Nothing happens. You’ll accumulate your winnings and move on. The offer’s over. It is one of those deals that is exciting and also a relief for some folks, while apparently useless and anticlimactic for others.
Reduced Juice
Juice is another term for vigorish (vig), which is just another word for charges. Each sportsbook fees vig on the (losing) sports stakes.
A reduced-juice promotion discounts how much vig you need to pay. For example, a -110 line could become -105. This saves you 50% in fees, which can add up over heaps of stakes.
VIP/Cash Back
Many novels will award you points for every $1 or $10 you bet. The objective is collect points so that you can then move up in (VIP) degrees, as well as market your points for cash back, merchandise, and other perks.
Sportsbooks with multilevel VIP programs are ideal if you plan to make a lot of bets because these tend to provide exclusive bonuses, rebates/insurance, merchandise, expedited payments, and money back.
Even better however, some multilevel VIP apps give points multipliers for moving up in levels. This means that you’ll earn points at a slightly faster rate than the tier below you. Quite often, these very same programs will increase the points-to-cash-back-ratio the higher up you go, too.
This is like attaching a rocket into a different rocket…attached to a different rocket, with the destination of a treasure chest filled with money. In short, if you’re able to find a legit sportsbook offering a VIP program like this, sign up quickly.
Deposit Bonus
Here is the most frequent of all online gaming offers. It’s so common that it should have been first on our list.
A deposit bonus is a match bonus — an offer in the sportsbook to match a portion of your deposit up to so many bucks.
For example, say you are offered a 100% bonus up to $500.
This means is that for every $1 you deposit, the sportsbook will give you 1. Deposit the whole $500 and you will get $500 from the sportsbook, for a grand total of $1,000.
Best TIP:
Attempt to find a sportsbook that provides a greater match percentage than 100%. For instance, if you find that a 200% match bonus, the sportsbook will provide you $2 for each $1 you deposit. You can quickly triple or quadruple your bankroll if you find the right offer. We have seen casinos provide match bonuses as high as 400%!
Reload Bonus
These are equal to the deposit bonus, with two exceptions:
They’re for existing customers rather than new customers.
They are somewhat smaller than deposit bonuses (maybe 90 percent of the time).
No-Deposit Bonus
A no-deposit bonus is cash that the sportsbook gives you once you register — and you typically don’t have to make a deposit to receive it.
These are small amounts, someplace between $5 and $50, and are promoted as a risk-free way to check their sportsbook.
Mobile, Sport, Bet, Outcome, or Event-Specific Promotions
We are lumping these supplies together since they’re all the exact same thing. All these are supplies — usually a bonus or free wager — for:
Trying their mobile gaming system. Frequently a free wager.
Betting on a specific sport.
Betting on a Particular occasion such as the Australian Open or Super Bowl.
Make a specific sort of wager, including an accumulator or parlay wager.
A particular outcome, such as a group scoring in the last minute of a match, or even if both groups tie.
And so Forth.
You might find a small match bonus. Another frequent deal is that a complimentary $25 (insurance) bet. You might get reduced juice or even dime lines.
These change quite a bit from sportsbook to sportsbook, and we noticed you will find more of them at more legit sportsbooks that don’t accept US players.
Refer-A-Friend
This deal is just as it sounds — refer“buddies“ to the sportsbook and you’ll find a finder’s fee. The prices vary in size but are usually between $50 and $150. And you won’t get paid until your friend makes a deposit, and in some cases, until they have removed their deposit bonus.
You won’t know for certain before you read the fine print.
Important! Ensure You Read the Fine Print
All this talk about free money sounds good, doesn’t it? Well, don’t forget what we mentioned earlier — do not think for a minute that the sportsbook is doing this purely out of the goodness of the hearts.
Ha! Do not make us laugh.
Sportsbooks are a business out to make a profit. Never forget that.
Now, this isn’t to say that incentives and rewards are bad. We’re not saying that at all. But what we want to make very clear is that you are unlikely to make money off the back of those offers.
Some people will. Most people won’t. And that is because each and every offer has conditions and terms — many of which force you to wager and risk your money before you are able to request a cashout.
Bearing that in mind, here are the most common conditions and conditions to watch out for.
Rollover or Playthrough Requirements These usually apply to deposit and reload bonuses. Nonetheless, it is a fantastic idea to expect them if you’re given money to gamble with.
The theory behind the rollover requirement is straightforward — the sportsbook wants you to bet your bonus so many times before you can cash out.
For instance, say the rollover is 10x on a (100% match) $500 bonus. This means you’ll need to bet $5,000 before they will let you cash out.
Best TIP:
Some rollover terms will apply to the total of your deposit and bonus. Using the same example from above, you’d need to wager $10,000 before you can cash out.
If you try to cash out before meeting your rollover requirements, many sportsbooks will simply state“no.“ Others may void your winnings or take your bonus cash.
If you want to take part in a deposit or reload bonus offer, 1 thing that you should look at and compare between sportsbooks is their rollover requirement. Lower is generally better — a 5x playthrough is much far better than 10x. But always, ALWAYS double check if it’s just on the bonus, or if it’s on the bonus and deposit. It might mean you need to do some mathematics to know that’s better — or see our testimonials.
Best TIP:
You also wish to check for a deadline. Many sportsbooks (and poker and casino rooms) will impose a timeframe you need to finish the offer within. Any bonus money you don’t apparent in time will perish. All things being equal, the longer you need to clean the offer, the greater.
Betting Prerequisites Another term some sportsbooks have is on what you can or can not bet on, or exactly what the minimal odds will need to be.
For example, perhaps you can bet on soccer, but only as long as it’s not prop or parlay bets. Or you can bet on football, but it ought to be bets with odds of 1.75 or greater.
Cashable Bonuses
When it comes to deposit, reload, or no-deposit bonuses, then it pays to learn if they are cashable or not. Some bonuses, often no-deposit bonuses, are for betting only. You can cash out your winnings (if any), but you can’t cash out the bet. Others, like deposit and reload bonuses, are fully cashable once you fulfill the rollover requirements.
This isn’t a big deal, but it might play a part in your choice if you’re stuck choosing between two or more sportsbooks (and their supplies ).
Refer-A-Friend
We briefly mentioned this earlier, but most sportsbooks won’t pay you simply for having a friend sign up. That’s too simple. It would be too easy for people to game the system.
Rather, most sportsbooks will either want your buddy to complete the details of the deal they approved or they will want you to roll on the money they pay you for getting them to combine.
The Bottom Line The main thing to take away from this section is never to take an offer without knowing exactly what it takes to earn it. Since there are some sportsbooks with absolutely absurd terms. Some are so poor that we encourage our readers to not accept them. Otherwise, you’d never have the ability to cash out your winnings (because you will be forever stuck attempting to roll over the bonus).
TOP TIP:
Do not want a bonus or other marketing? Most sportsbooks will let you decline. Each sportsbook has another process for how to accomplish that. Sometimes you’ll want to email themwhile other times you can decrease it once you make your deposit. And if in doubt, simply shoot them an email before you make a deposit (since some sportsbooks apply their deposit bonuses mechanically ).
One other thing — make sure to read our reviews and comb through the sportsbooks terms and conditions. Sometimes we miss things. But because some sportsbooks have unique terms which other sportsbooks do not.
FOR EXAMPLE:
5Dimes offers reduced juice and pops. But should you choose one, you will not have the ability to get the other.
The purpose is, you don’t wish to make a hasty decision. You ought to take a couple of minutes to fully understand the offer, do a little math, and figure out which offers you’ll earn more cash from in the long term.
The incorrect decision can cost you thousands of dollars…
Conclusion
In case we haven’t made it apparent, bonuses and rewards are a fantastic way to add just a little cash to your“win“ column.
(Or reduce the amount of money on your“lost“ column.)
However, no matter how great an offer looks, never forget that these are not 100% totally free. There is always a catch — and it’s your job to grab it, whether by reading our reviews or reading the sportsbook’s terms and conditions.
(We recommend you do to be on the safe side.)
But even though bonuses and bonuses aren’t free, you still need to take them seriously. Because with just a little bit of research and a small bit of luck, the right offer can consume the cash that you spend betting sports in the least, and in rare cases put some excess dough on your pockets.
And I don’t think anyone can complain about either of these outcomes.
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