Sports Betting Bonuses for 2023
From the moment you visit a sportsbook homepage, you may be bombarded with many graphics about the website. What you may quickly notice should be the bonuses the company offers. The best sportsbook bonuses are meant to serve you better. So, read the sportsbook’s terms and conditions of the bonuses before settling for one. The aim is to always have a good bonus generally with favorable terms.
It is not hard to find bonuses, but sometimes they can still be limited. A good example is a welcome bonus. Just because it is popular, not all platforms may have it. So, research more on a sportsbook to understand this part. This guide should give you more details about the best sportsbook bonuses available and how to claim one for yourself.
Types Of Sports Betting Bonuses
Sports betting websites will often have different types of bonuses. We look at the various bonuses available and how you can get them today. Note that not all bonuses listed will be on a sportsbook. You have to check to see what is available.
When you fund your account, sometimes the sportsbook will claim to offer you a bonus on this deposit. What most people do not realize are the terms and conditions of getting the bonus. So, it is best to read these terms first.
You may get a deposit bonus that is twice the amount you deposit or up to a certain limit. Most bookies will try to match your deposit. An example is when you deposit $50, you can get a bonus of up to $50 or sometimes more.
Another betting bonus to consider is the risk-free bet. For such a bonus, it applies to bettors who lose a bet on the sportsbook. Well, it can be a good bonus so that you can continue betting even when you lose.
You may not be in a position to withdraw such an amount since those are mostly the terms. You will simply be given site credits for you to continue betting on the sportsbook.
The no-deposit bonus simply means as the word reads. Such bonuses might not be as huge as the others mentioned above, but they are good enough to get you started. They are mostly used to serve as incentives to those that might be new to betting. So, you can use such small bonuses to place bets before you can now invest your real money.
Loyalty And VIP Programs
Whether you are into sport betting or online casino games, sometimes you can come across VIP and loyalty programs. These two programs are mostly offered to customers who would be using the platform more often placing various types of bets.
The VIP program often requires that you pay for the package unlike loyalty points that you earn based on how you use the platform.
In both cases, the customers would enjoy additional perks than the regular members while using the sportsbook.
Always check under the bonus or promotions page of a sportsbook to see which other types of bonuses are available.
How To Claim Online Sportsbook Bonuses
All online sportsbook bonuses come with a set of terms to unlock the bonus. So, that is what you should read first before you can claim a bonus.
Let us say you want a welcome bonus. Such a bonus may have conditions on the minimum deposit before unlocking the bonus. It generally works by first signing up the account and funding it for the first time to unlock the bonus.
That is just for the welcome bonus. Others might have many more requirements to fulfill first before you can get the bonus.
You may also want to check out the other bonuses on a sportsbook. Some might have bonuses specific to mobile apps. It means you need to download and install the sportsbook app.
What Are “Terms And Conditions?”
You can only access the biggest sportsbook bonuses if you are in line with the terms and conditions. Each offer will have the terms and conditions listed for you to go through and fully understand the bonus before opting for it.
What Is a Play-Through or a Roll-Over Requirement?
Using a welcome bonus as an example, it means that you have to actually keep betting with your money plus the bonus to get the winnings.
This requirement mostly states that before a bettor can withdraw the bonus money, he or she must place bets that are equal or sometimes higher than the deposit times a number of times.
An example of this scenario is when you get a bonus of $1,000 and it comes with a 10 times roll-over requirement, then you need to bet at least $10,000 before you can withdraw the bonus money.
How Much Time Do You Get?
Sportsbooks will only make money when you bet. That is why they need you to keep betting more often. So, the bonuses will have a time limit to them too. You will be mostly advised to fulfill the requirements within seven days or sometimes a month to earn the bonus.
The timeframe is very important. Ensure that you consider it as it would vary based on the bonus type and sportsbook.
What Is A Qualifying Bet?
A qualifying bet simply means that it is a bet that would qualify the bettor for a positive return in the case the bettor wins it. As such, you will receive a bonus from the bookmaker if you place the bet with your money and still win it.
The two main qualifying bets include a free offer or bonus. You will have the option of choosing between the two based on the bookmarker and conditions.
How Do You Choose A Bonus?
Bonuses are generally great tools a bettor can opt for right now. For some, they feel it is free money they can still use on the sportsbook. However, before all that, a person should always evaluate all the requirements of an offer first.
All platforms will list the bonus plus the expected terms and conditions you should follow. Go through these requirements and ask questions where necessary before accepting the offer. At times you may have a limited timeframe to fulfill the requirements and that might be the time you do not have.
Each offer on a sportsbook can do so much for you. However, if the requirements are too steep for you, then it is best just to skip the bonus.