Sports betting bonuses are a great way build your bankroll. But choosing a bonus is not as simple as depositing and collecting money. Sports betting bonuses can be compared with casino comps – both are designed to draw in more business. Lot has changed in recent years, but fundamentals have stayed the same. Online sportsbook bonus offers are one of the main methods how bookmakers advertise their business.
This is our subjective ranking of reputable sportsbooks bonus offerings. Keep in mind that although rank number 1 has biggest maximum bonus cap 2500 dollars, it does not have biggest “true bonus” percentage, which in their case should be around 3%. True bonus can be calculated as percentage / rollover. UPDATED IN February, 2020.
Online sports betting bonuses might be extremely confusing, because there are numerous factors that need to be taken into account when making a decision. Huge sportsbook bonuses are often sneaky and evil, because they have a large bet-through requirement. Some sites often flashy sign-up bonus percentage numbers, but these can only be applied to small amounts of money.
Welcome bonus is most of the times a sign up offer where you agree to play through your bonus reaching certain volume – only then can you claim bonus dollars as your own. The sad reality is, usually there is not much left. Different sign-up bonus types are:
These bonuses are almost always activated automatically after completing your first deposit. It’s safe to say that all online bookmakers nowadays offer first deposit bonus. Total bonus amounts vary between $100 and $10,000. The bigger number doesn’t always mean more lucrative deal. By depositing five figures to your sportsbook account to claim a bonus will often open separate can of worms for you, exposing you all sorts of shenanigans that may happen when gambling online. Just be reasonable.
Now this is the bonus type I recommend for everyone, even to my mother. Free bets are user friendly because you just get lump sum to place a bet and that’s it. Yes, there might be sometimes requirements that you shouldn’t bet on Asian handicaps or over/under, but it’s always +EV, because you can always withdraw and wait for another airdrop.
Matched bets are popular in Las Vegas. They are really simple to understand – you place a bet with your own money and if you lose this bet, sportsbook refunds you your bet. You can only claim your matched bonus if you lose the bet. Usually sports bettors use their matched bonus to place riskier bets.
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