Best Sportsbook Bonuses
At nearly all the sportsbooks available to online betting fans today, different types of bonuses are offered to attract and retain customers. We endeavour to keep an eye on the bonuses at all of the main sports betting sites to save you looking around. The table below contains the best sportsbook bonuses available the moment.
The following are the most common bonuses that are offered by sportsbooks that you should look out for when picking a new site to bet at:
A sign up bonus is offered by most sports betting sites when you register for and deposit real money into your account. A percentage of the money that is deposited is offered as a bonus. Most betting sites offer small amounts as a sign up bonus while a few provide a large bonus. With the bonus amount, you can enhance your sportsbetting bankroll. For instance, if a site offers a sign up bonus of 50% and you make a deposit of $100, you will receive a bonus of $150.
Online sportsbooks generally state the minimum amount that should be deposited and the maximum amount that will be offered as the sign up bonus. To maintain fairness, betting sites also mention the minimum number of times the bonus amount must be wagered on for it to be withdrawn. This is typically known as the ‘rollover’.
How Does Rollover Work?
Let’s say you deposit £100 & the bookmaker site offers a 100% bonus which has a rollover/turnover requirement of 3x at odds of 1.5 (equivalent to 1/2 in fractional odds). This means that that you need to place a total of £300 worth of bets at odds greater than 1.5 for you to be allowed to withdraw the bonus money.
A reload bonus is one of the best sportsbook bonuses offered to bettors every time money is deposited into their account. This type of bonus is not offered at all online sportsbooks. Most of the sites that provide this bonus are those that are newly launched. The regular reload bonus percentage is generally quite small. Some sportsbooks also offer an extra bonus when bettors deposit money during special promotions.
A few online sportsbooks provide players a fixed amount as a bonus when they sign up. However, typically they will not be allowed to withdraw the bonus cash until they have done some betting at the site. Although the bonus will be lower than that offered with match ups or free plays, the money can be used to wager on any event at the site. Online sportsbooks generally don’t allow bettors to withdraw the bonus cash. Only the cash you earn from winning bets placed using the bonus can be taken out.
Reduced Juice Bonus
This one is mostly for US sportsbooks. Online sportsbooks charge a fee for processing your bets. This fee is known in the US as juice and usually refers to moneyline odds. It is a percentage of the money you bet on events. For example, if the juice on a bet is 10%, and you wager $110, you will get back $100 if you win. The juice can amount to a sizeable sum for regular bettors over time. Most online sportsbooks offer a reduced juice which allows bettors to reduce the risk on a wager. The reduced juice bonus is normally provided by sportsbooks during special promotions.
Best Sportsbook bonuses: Free Bet Bonus
Free bets are bonuses that offer great opportunities to place wagers without losing money. If bettors win, they can collect the earnings. Usually, free bets are provided only after at least one bet has been placed on a sporting event. The free bet bonus will be deposited in to the bettor account after the wagering requirements have been met.
Unlike cash bonuses, the match-play bonus is provided to the bettor based on the way an event is played. This is similar to a coupon that can be used only once. The match play bonus requires bettors to meet minimum rollovers to qualify for it. After the rollover requirements have been met, the bonus will be deposited to the bettor account which can be used when placing a wager. Online sportsbooks vary in their match play bonus offers and the rollover requirements.
Bonus Offering Percentage on Loss
To keep regular customers happy, sportsbooks offer them a percentage of the loss incurred on the wager. This bonus can motivate bettors to continue wagering even if they lose. The percentage on loss bonus carries little risk and regular bettors will be able to benefit from it during special sporting events.
No Deposit Bonus
Some of the bookmakers with the best sportsbook bonuses even offer no deposit bonuses during special sporting events and promotions. But these bonuses have high rates of rollover and numerous wagering requirements. This bonus is usually used by bettors when they want to place bets on a new online sportsbook.
Loyalty Program Offers
Another incentive that is offered to bettors is the loyalty program. This program ensures that regular bettors are rewarded for their loyalty and regular play at the online sportsbook. Sportsbooks generally offer special rewards to bettors who become a part of their loyalty programs. This includes bigger bonus percentages and better comp point conversion rates than those offered to regular players.