One of the core differences between online and offline sportsbooks are the bonuses and bonuses. You can get tens of thousands of dollars in free bets, deposit bonuses, rebates, and VIP applications by simply choosing to gamble online.
With the right offer and a bit of luck — because you still have to make winning sport bets — you are able to break , or maybe even walk away a little bit richer.
We understand what you are thinking — where can you sign up? But hold on just a second. Move too fast and you might earn a frequent rookie mistake: signing up for an internet sportsbook purely due to their promotions.
That is a bad concept, and a surefire way to get ripped off. You want to make sure the sportsbook you’re interested in is licensed, controlled, and most importantly has a reputation for quickly paying their clients.
You can find these sportsbooks all on your own, but it might take you a while. And you’d need to know what to search for, which not everybody does, judging by all the”I have been ripped off; what do I do?” Forum threads.
The easier approach — not to mention the quicker approach — is to join one of the sportsbooks we recommend below. Read our reviews to ensure you discover the ideal fit, then hit the”Visit Now” button to visit the website and begin.
Rank Betting Site Deposit Bonus Get Started
#1 22bet Logo
100% Up To
Go to Site #2 10Bet Sports Logo
50% Up To
Go to Site #3 Twist Sports Logo
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Visit Website #4 Guts Sports Logo
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Go to Website If you’re new to this internet betting thing, we highly advise that you read each of these sportsbook reviews.
Not only will you learn about each sportsbook’s betting markets, options, and limits, but you can also compare bonus offers and conditions — things that we cover in more detail below.
But first, let’s 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, along with other”free” stuff? Because we would not blame you if your”if it seems too good to be true, it’s” radar is going off.
Relax — this is not a sham. Here are three reasons why sportsbooks offer these deals:
They want to attract new clients.
They provide deposit bonuses to lure you into making a deposit (because you can double or triple your starting bankroll). And they will use free stakes that will assist you overcome any fear or anxiety that you may have about placing a wager. What do you need to lose if they’re guaranteeing to give your money back if you lose?
To encourage dormant customers to come back.
Sportsbooks use offers for bettors who have not put a wager in some time back on the site. By way of example, they’ll use a reload deposit bonus to get them to make another deposit if they emptied their account balance.
To reward existing customers.
Sportsbooks have VIP and cash-back programs to give you a small reward for being a loyal customer. For others, it’s a tiny carrot to chase — a reason to continue gambling (so you can unlock a reward).
As you can see, sportsbooks have loads of good (and fair ) motives to provide bonuses and rewards. It gets you come in the door and invest money with them.
But do not think for a moment that you are pulling a fast one. You are not pulling the wool over anyone’s eyes.
Since each and every one of a sportsbook’s provides include terms and conditions you have to meet before you can cash out. These phrases make it incredibly hard to turn a profit whilst on the sportsbook’s dime.
We are going to go into more detail about conditions and terms at another — once we cover all the common bonuses and benefits you will encounter when betting sports online.
The Most Frequent Types of Bonuses and Promotions Sportsbooks Offer There are various kinds of promotions. However there are only a handful or two of promotions that are common you may trust to find at virtually every sportsbook you encounter online.
This is a summary of the most frequent types of promotions, and also information about how they work.
Most sportsbooks offer free bets. Get $10 here or $50 there. However, these are not exactly what you think they are — their headlines are misleading. Here’s what we mean:
When a sportsbook provides a free bet, they’re not likely to give you cash to wager with. What they’re offering instead is a”risk-free” bet. They are offering insurance.
As an example, say you find an offer for a”free live bet around $50.” When you make your (initial ) live bet, should you lose, the sportsbook will reimburse you up to $50. This offer only pays in the event that you lose.
And if you win?
Nothing happens. You’ll collect your winnings and proceed. The offer is finished. It is one of those deals that’s exciting and also a relief for some folks, while seemingly useless and anticlimactic for many others.
Juice is just another word for vigorish (vig), which is another word for charges. Each sportsbook charges vig on the (losing) sports stakes.
A reduced-juice marketing discounts just how much vig you need to pay. By way of instance, a -110 line might become -105. This saves you 50% in charges, which can add up over heaps of stakes.
Many novels will award you points for every $1 or $10 you bet. The aim is collect points so you may later move up in (VIP) levels, as well as market your points for cash back, merchandise, and other perks.
Sportsbooks with multilevel VIP programs are perfect if you’re planning to make lots of bets because these have a tendency to offer exclusive bonuses, rebates/insurance, product, expedited payments, and money back.
Even better however, some multilevel VIP programs give points multipliers for moving up in levels. This means that you’ll earn points in a slightly faster rate than the grade below you. Often times, these same programs will increase the points-to-cash-back-ratio the higher up you go, too.
This is like attaching a rocket to a different rocket…attached to another rocket, together with the destination of a treasure chest full of money. In short, if you can locate a legit sportsbook offering a VIP program like this, sign up fast.
Here is the most frequent of all online gaming offers. It’s so common that it should’ve been on our list.
A deposit bonus is a match bonus — an offer from the sportsbook to match a percentage of your deposit around so many dollars.
By way of example, say you are given a 100% bonus up to $500.
This indicates is that for each $1 you deposit, the sportsbook will provide you 1. Deposit the whole $500 and you’ll receive $500 from the sportsbook, for a grand total of $1,000.
Try to find a sportsbook that offers a greater match percentage compared to 100%. By way of example, if you find that a 200% match bonus, the sportsbook will give you $2 for each $1 you deposit. You can quickly triple or quadruple your bankroll should you discover the perfect offer. We have seen casinos provide match bonuses as high as 400%!
These are equal to the deposit bonus, with two exceptions:
They’re for existing customers rather than new clients.
They’re somewhat smaller than deposit bonuses (maybe 90% of the time).
A no-deposit bonus is money that the sportsbook provides you once you register — and you typically don’t have to make a deposit to receive it.
These are small amounts, somewhere between $5 and $50, and are marketed as a safe approach to test their sportsbook.
Mobile, Sport, Bet, Outcome, or Event-Specific Promotions
We are lumping these supplies together because they’re the exact same thing. These are supplies — generally a bonus or free wager — for:
Trying their mobile betting platform. Often a free wager.
Betting on a specific sport.
Betting on a specific event like the Australian Open or Super Bowl.
Make a specific type of bet, such as an accumulator or parlay bet.
A particular outcome, such as a team scoring in the last minute of a match, or if both teams tie.
And so on.
You might find a small match bonus. Another frequent deal is that a free $25 (insurance) bet. You might get reduced juice or dime lines.
These change quite a bit from sportsbook to sportsbook, and we detected you will find more of them at more legit sportsbooks which don’t accept US players.
This bargain is just as it seems — refer”friends” into the sportsbook and you’ll find a finder’s fee. The fees vary in size but are generally between $50 and $150. And you won’t get paid until your buddy makes a deposit, and in some cases, until they’ve cleared their deposit bonus.
You won’t know for certain until you read the fine print.
Important! Ensure You Read the Fine Print
All this discussion about free money sounds good, does not it? Well, don’t forget what we mentioned earlier — do not think for a moment that the sportsbook is doing so purely out of the goodness of the hearts.
Ha! Do not make us laugh.
Sportsbooks are a company out to make a profit. Never forget that.
Now, this is not to say that incentives and rewards are bad. We are not saying that at all. However, what we want to make really clear is that you’re not likely to earn money off the back of these offers.
Some people will. Most people won’t. And that’s because every single deal has conditions and terms — most of that force you to wager and risk your money before you can request a cashout.
Bearing that in mind, here are the most usual terms and conditions to look out for.
Rollover or Playthrough Prerequisites These generally apply to deposit and reload bonuses. But it’s a good idea to anticipate them if you’re given cash to gamble with.
The idea behind the rollover requirement is simple — the sportsbook would like you to bet your bonus so many times until you can cash out.
For instance, state the rollover is 10x on a (100% match) $500 bonus. This usually means you’ll need to wager $5,000 before they will let you cash out.
Some rollover terms will apply to the total of your bonus and deposit. Using the identical example from above, you would have to bet $10,000 until 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 back your bonus cash.
If you want to participate in a deposit or reload bonus offer, one thing you should take a look at and compare between sportsbooks is the rollover requirement. Lower is usually better — a 5x playthrough is much far better than 10x. But always, ALWAYS double check if it is only on the bonus, or if it is about the bonus and deposit. It may mean that you have to do some mathematics to know that’s better — or see our reviews.
You also want to test to get a deadline. Many sportsbooks (and poker and casino rooms) will impose a timeframe you need to complete the offer within. Any bonus money you do not clear in time will expire. All things being equal, the more you need to clean the offer, the greater.
Betting Prerequisites Another word a few sportsbooks have is about what you can or can’t wager on, or what the minimal odds will need to be.
For example, perhaps you can wager on football, but only if it’s not prop or parlay bets. Or you can bet on soccer, but it needs to be bets with odds of 1.75 or higher.
When it comes to deposit, reload, or no-deposit bonuses, then it is worth it to learn if they are cashable or not. Some bonuses, often no-deposit bonuses, are for gambling 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 when you fulfill the rollover requirements.
This isn’t a big deal, but it might play a role in your choice if you’re stuck choosing between at least two sportsbooks (and their supplies ).
We briefly mentioned this earlier, but most sportsbooks won’t pay you simply for getting a friend sign up. That is too simple. It would be too easy for people to game the system.
Instead, most sportsbooks will want your friend to complete the details of the deal they approved and/or they’ll want you to roll on the money they pay you for getting them to combine.
The Main Point The most important thing to take away from this section is never to accept an offer without knowing what it takes to earn it. Because there are some sportsbooks with completely ridiculous terms. Some are so bad 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).
Do not need a bonus or other promotion? Many sportsbooks will permit you to decline. Every sportsbook has another process for how to do this. At times you’ll need to email them, while other times you can decrease it when you make your deposit. And when in doubt, simply take them an email prior to making a deposit (since some sportsbooks apply their deposit bonuses automatically).
One other thing — be sure that you read our reviews and comb through the sportsbooks terms and conditions. Sometimes we miss things. But because some sportsbooks have unique terms that other sportsbooks do not.
5Dimes offers reduced juice and pops. But should you choose one, you will not be able to acquire the other.
The point is, you don’t want to make a hasty decision. You ought to take a few minutes to fully comprehend the offer, do a little math, and figure out which offers you’ll earn more cash from within the long run.
The incorrect decision can cost you thousands of dollars…
In case we haven’t made it apparent, bonuses and bonuses are a great way to bring just a little money to your”win” column.
(Or lower the quantity of money in your”lost” column)
But, no matter how great an offer looks, never forget that these are not 100% totally free. There’s 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 both to be on the safe side.)
But even though bonuses and bonuses aren’t free, you should still take them seriously. Because with a small bit of study and a small bit of chance, the right offer can absorb the money you spend gambling sports at the very least, and in rare instances put some excess dough on your pockets.
And I don’t think anyone can complain about both of those results.