One of the major factors to take into consideration when choosing the online sports betting site that you want to use to place your wagers is the bonuses offered by the sportsbook. Often, unless you are a seasoned sports bettor, the terminology used by sportsbooks to describe their bonuses, along with the terms and conditions associated with the bonus, can be daunting. That’s where we come in.
Keep this page bookmarked on your computer, mobile, or tablet and refer to it whenever you need to confirm what a particular sportsbook bonus is, or what a piece of jargon means to you as a bettor. It also worth bookmarking because we continually update this page with the latest sportsbook bonuses available to our valued readers, keeping you up-to-date with the biggest and best bonuses to boost your bankroll with.
While sportsbook bonuses should influence your decision when choosing an online sportsbook to bet with, they are not the only thing up for consideration. Just because Sportsbook A is offering you a $1,000 bonus on your first deposit does not mean that it is the right sportsbook for you and your betting needs.
Best Online Bonus Offers
Our elite group of sports betting writers have scoured the internet looking for the best sportsbooks, placing bets on those sites, and reviewing them here so you do not end up with any nasty surprises, and to ensure that the bonuses you receive are exactly how they are described to you, so be sure to check out our unbiased reviews of the leading sportsbooks.
Sportsbook Bonus Types There are several kinds of sports betting bonuses available on the internet today, all coming in different sizes, and with wagering or rollover requirements that differ from site to site. Welcome Bonus
Sign Up Bonus - Welcomed With Open Arms
The most common, and potentially lucrative, sports betting bonus is the welcome bonus or first deposit bonus. As the name suggests, these bonuses are only available to customers who are new to a betting site and are offered as a way to welcome you to the site. To get your hands on a first deposit bonus you need to fund your account for the first time.
Doing so, often accompanied with a specific bonus code, will reward you with a bonus of between 10% and 100% of your deposit amount up to a maximum figure. Some sites may offer a 100% up to $500 bonus, others may offer a 50% up to $2,500 bonus.
It is up to you to look at the terms and conditions associated with the first deposit or welcome bonus and see if the bonus suits you.
Reload Bonus
Another common bonus type is the reload bonus. Again, it is an accurate description of the sportsbook bonus as triggering it requires you to reload, or make a deposit, into your account. Like the welcome and first deposit bonuses, reload bonuses will usually be a percentage of your deposit amount and have both a minimum and maximum deposit amount.
These reload bonuses are often granted close to major sporting events as a way to encourage a site’s customers to return and place some bets.
Minimum Deposit Amount
The 'Minimum Deposit' set by a sportsbook varies depending on the circumtances. Are you depositing for the first time? Are you depositing for a 2nd or 3rd time, or are you depositing in order to qualify for a special bonus offer? The min. deposit amount is imortant to keep in mind. You want to be sure that you will receive the most bang for your buck, so to speak.
Rollover Requirements
Let's be not be shy. Sportsbooks are in the business of making money so giving away thousands of dollars in bonuses goes against their business model. A website that gives away completely free money opens itself up to abuse from people taking advantage of the generous offers. This is the reason sportsbook bonuses come with terms and conditions.
Although these may sound scary, they are not. What is meant by wagering or rollover requirements is that you have to place a certain number of bets that equal the bonus you have received before you can withdraw any of the bonus or winnings derived from the said bonus.
For example, if you have received a bonus of $50 and it has an 8x rollover requirement, you need to place qualifying bets worth $400 ($50 multiplied by eight) in order to “clear” the bonus. Some sportsbooks stipulate your bets have to be at certain odds or higher so it pays to familiarize yourself with each site’s bonus terms and conditions.
Some sites also prevent you from withdrawing any funds from your account for a period of 30-days once you have claimed a bonus, or allow you to make a withdrawal but doing so forfeits the bonus. Again, go through the terms and conditions carefully to ensure you do not fall foul of a sportsbook’s rules and cost yourself some precious cash.