Sportsbook Bonuses - Sportsbook Bonus Codes And Promotions

Sports betting sites try to beat out the competition in various ways, but nothing seems to be more effective than offering sportsbook bonuses. While it’s true that these bonuses are used as a marketing tool to draw new customers to an online sportsbook, sports bettors can benefit from the offers. There will be sportsbook promotions for creating a new account, using a certain deposit method, or for trying out certain features. Online sportsbook operators make sure that there is an enticing bonus for every type of bettor. As appealing as redeeming sportsbook bonus codes can seem, there is actually more than meets the eye when it comes to bonuses.

It’s easy to use the bonuses at sportsbooks can instantly add extra padding to your bankroll. These sites offer unique bonuses that you would never be able to find at brick and mortar sportsbooks in Vegas or Delaware. It is just important to know more about how sportsbook bonus codes work before claiming yours. You should first become familiar with the different types of sportsbook bonuses, and then learn more about the requirements that come along with redemption. We will walk you through all aspects of sportsbook promotions, from the various bonus categories to tips to keep in mind.

Types Of Legal Sportsbook Bonuses

Though there are thousands of unique offers, the different types of bonuses at legal sports betting sites typically fall into one of several categories. There are bonuses that focus on those that are joining a sports betting site for the first time, and also offers that incentivize current players to continue wagering. No matter what you are looking for, chances are there is a promotion that you can take advantage of.

Sign-Up Bonuses

When you visit a sports betting site, the first thing you will see are big banners with sportsbook bonus codes and dollar signs. These sign-up sportsbook bonuses are meant to attract new customers to the site and are only available at the time of registration. In some instances, the sportsbook will send you an email with exclusive codes that have to be used within a certain time period. There are a few different types of welcome bonuses that you will encounter: the sportsbook may match your deposit, give you a free bet, or multiply the earnings on your first winning wager.

Initial Deposit Bonuses

As the most common type of sportsbook bonus, you will find these at every sports betting site. When you make your first deposit, the sportsbook will match your deposit by a certain percentage. For example, if you were to deposit $200 and claim a 50% match bonus, the sportsbook would credit your account with a $100 bonus. Deposit match bonuses typically offer a higher percentage and match maximum than other bonuses within the sportsbook.

Reload Bonuses

Reload bonuses are a way to encourage bettors to continue adding money to their accounts. Knowing that your money will be doubled or in some other way increased each time you make a deposit is an incentive to keep using a particular book over another. Most sportsbooks will offer a certain percentage match for reloads, with some sites providing a lifetime guarantee on all future deposits.

Free Bet Bonuses

Free bets are also a popular category of sportsbook bonuses. The sports betting site will offer customers a risk-free bet on any sport and wager in the sportsbook. Typically, you will be able to place a bet up to a certain amount. Should the bet lose, customer service will reimburse your account with the original amount of the wager. There will be limits to the amount that can be wagered, such as a $25 free bet. Sometimes the free bet will be offered for trying a particular feature of the sportsbook for the first time, such as live betting or mobile wagering.

Loyalty Programs

Free bets are also a popular category of sportsbook bonuses. The sports betting site will offer customers a risk-free bet on any sport and wager in the sportsbook. Typically, you will be able to place a bet up to a certain amount. Should the bet lose, customer service will reimburse your account with the original amount of the wager. There will be limits to the amount that can be wagered, such as a $25 free bet. Sometimes the free bet will be offered for trying a particular feature of the sportsbook for the first time, such as live betting or mobile wagering.

Cash Sportsbook Bonuses Versus Free Plays

When you start redeeming sportsbook bonuses, some will offer free plays while others will give a cash bonus. Cash bonuses are often preferable because the bonus goes straight to your bankroll. When you bet using a cash bonus and win, both your risk and profit are returned. Free play bonuses will go into a separate account designated for free plays. When you wager with free plays, the amount is deducted from your balance and only your winnings are transferred to your real money account. The majority of sportsbook promotions are for free plays.

A Word About Rollover Requirements

When you claim a bonus there will always be a rollover requirement attached. A rollover is the amount of times that you have to wager your sportsbook deposit plus bonus amount before any withdrawals can be made. The rollover at some sportsbooks may only apply to the number of times that the bonus amount has to be wagered, though this is less common. Additionally, there may be a 30-day wait period before you can request a payout.

Let’s say that you made a $600 deposit and received a 50% free play bonus that had a 10X rollover requirement. After your deposit and bonus, you would have $900 total to wager with. With the 10X rollover requirement, you would need to wager $9,000 before being able to request a sportsbook payout.

Online sportsbooks implement rollovers as a way to prevent bettors from redeeming huge bonuses and withdrawing all the funds without placing wagers. Rollovers will vary from bonus to bonus, and anytime you redeem an offer you are agreeing to the requirements. If you were to attempt to withdraw before meeting the conditions, you are liable to have all winnings received from the bonus cleared from your account.

Tips For Redeeming Sportsbook Bonuses

Before you start redeeming sports bonuses there are some tips to keep in mind. Never claim more than you plan on being about to wager. Sure, a $1,000 bonus sounds nice but when you take rollover requirements into consideration this could mean having to wager $15,000 or more. This leads to the next point, always read the terms and conditions that come along with sportsbook bonuses. For example, free plays may lose when a bet is a push or tie. If you redeem a bonus but then decide not to use it, the bonus amount may still be deducted from your payout. The specific terms will vary by site.

Our final tip is to check the promotions pages of your favorite sportsbooks frequently. There will be sportsbook bonus codes that are only available for a limited amount of time. Sports betting sites will constantly update their bonuses during seasonal events, like the Super Bowl and March Madness. You can find special contests and free tournaments that are fun ways to increase your bankroll and potentially your profits in sports betting states.