Best Sportsbook Bonuses
Just about every sports betting site offers promotions, but the best sportsbook bonuses can take you from an OK run to a great one. Bonuses at online sportsbooks seem like an easy way to instantly boost your bankroll and increase wagering opportunities, but these offers are much more than that. First and foremost, there are all different types of bonuses offered by online sportsbooks. No matter which site you visit or the sportsbook bonus that you choose, there will be specific requirements that must be met when you agree to redeem it. You will also find that not all bonuses are applied in the same way, and there could potentially be certain restrictions. There is no doubt that online sportsbooks are beneficial, but understanding how to choose the right sports betting bonuses for your needs is the key.
New Player Bonuses
New player bonuses are the bonuses that you see the moment you visit an online sports betting site. Huge banners advertising a certain percentage up to a specific amount will be displayed. Welcome bonuses are typically where the online sportsbook will match your first-ever deposit by 50% or 75%. New player bonuses are usually larger than other bonuses in the book because they are an incentive to join.
Reload Deposit Bonuses
Reloads are the best online sportsbook bonuses for existing players. Not all site offer these types of sportsbook deposit methods, though they are quite valuable. The online cashier will match deposits by a certain percentage for the life of your membership.
Free Bets
Free bets are usually offered to incentivize players to try out a specific feature like in-game wagering or mobile betting. In most cases, it is not an actual “free” bet but more of a chance to make a bet and get reimbursed should it lose. For example, if you make a live bet and it does not win, the sportsbook would credit your account with a free play of equal value. These are the best sportsbook bonuses when you want to try something new without risking as much.
Rollover requirements are the reason why you want to read terms & conditions before claiming any sportsbook bonuses. The rollover is the number of times that you must wager the deposit plus bonus amount before requesting a withdrawal. This is to prevent players from claiming bonuses and then immediately cashing out. Here is an example of how much you would need to wager if you deposited $100 and claimed a $50 bonus with a 5X rollover:
- $100 + $50 = $150 x 5 = $750
You would need to wager $750 before you could request a payout in this example. The good thing is that the majority of bonuses can be used for all sports, and all wager types. A high roller would have no problem meeting this requirement, and a casual bettor could also do this over the course of a season. It is important to only claim a bonus amount that you are comfortable with. The best sportsbook bonuses are those with low rollovers.
When you receive an online sportsbook bonus will depend on the type of promo that it is. The majority of bonuses are applied to your account instantly and are immediately available for wagering. There are some bonuses that are distributed incrementally, such as 10% of the bonus each time you place a wager. Incremental bonuses help to ensure that you are meeting the rollover requirements as you bet. In the case of risk-free bets, you may have to email customer service in order to receive the credit to your account.
Sports betting sites frequently change their promotions, whether it be for big events like the Super Bowl or contests for March Madness. The best sportsbook bonuses for 2018 are great for new players, existing players, and those looking to add variety to their betting strategies. Here are some of the sportsbooks with the best bonuses so far this year:
$5,000 Bitcoin Welcome Bonus
Bovada Sportsbook may only offer three different types of bonuses, but they all have their benefits. The Refer-a-Friend bonus is self-explanatory, and you can get up to $100 from your friends that make qualifying deposits. The $250 Sports Welcome Bonus is an even better option, where the online sportsbook will match your first ever deposit by 50% for up to $250.
The newest and hugest bonus at Bovada is the $5,000 Bitcoin Welcome Bonus. When you make a bitcoin sportsbook deposit, the online cashier will match the amount by 50% for up to $500. On top of that, you can redeem a 3x 150% match bonus up to $1,500 for casino games. Both of these bonuses have low, 5-time rollover and can be claimed from your account dashboard while making a deposit.
Player Prop + Mobile Betting Free Bets
SportsBetting.ag is one of the leading sites with some of the best sportsbook bonuses. You will find plenty of deposit bonuses and reload bonuses, but there are also quite a few free bet offers. With the $25 Risk-Free Player Props Wager, you can use their new prop software to create your first bet risk-free. You can make unique proposition wagers on players from all of your favorite teams.
Should your bet lose, just email customer service to have your account credited with a $25 free play within 24 - 48hrs. The same rules apply to the $25 live betting free bet, and the $50 mobile betting free play. You have nothing to lose, so if you were going to use these features it makes sense to use the promos. All three offers have a 6-time rollover requirement. Free bet offers are only eligible on your first bet.
25% Lifetime Bonus Guarantee
BetOnline has the best sportsbook bonuses for players that are thinking big. The 50% Welcome Bonus offers more money than the majority of competitor promos. When you make your initial deposit, the online cashier will match it by 50% for up to $2,500 – instantly. There is a 10x rollover and you can deposit with any method other than Skrill. Use code NEW2500.
BetOnline also has a 100% Crypto Bonus for those making sportsbook deposits with bitcoin, Bitcoin Cash, ethereum, Dash, or litecoin. The first time you deposit with a digital currency, you can get the amount matched by 100% for up to $1,000. The bonus comes with a 14x rollover requirement and can be redeemed with code CRYPTOBET. You can also check out a variety of free bets at BetOnline.