How do bonuses & promos work?
Promos and bonuses sound too good to be true. Do the top sports betting sites really offer free money to their players? The simple answer is yes.
A welcome bonus is as an opportunity to place a wager without having to worry about a win or loss. When you win, collect your money – when you lose, you automatically claim your bonus bet.
There’s nearly an infinite supply of welcome bonuses available at reputable online sportsbooks. The easiest way to claim a bonus bet is to register for a new account with an online bookmaker. Reputable sports betting sites utilize promos to encourage fans to register a new account and eventually make a deposit.
Advantages of welcome bonuses
Don’t lose the boost of a welcome offer: It’s hard to characterize an online sportsbook or casino welcome bonus as anything but an advantage to the player. In fact, you’d be doing yourself a disservice if you didn’t prioritize finding the right sportsbook bonus for you.
Fact is, US online sportsbooks are willing to give you valuable sportsbook credits, match bet bonuses or money-back bets – so don’t waste that opportunity.
Get familiar with your US online sportsbook: Besides the sportsbook bonus credit value, there are additional advantages for players to secure a welcome bonus. First, depending on the type of bonus selected, players will get an opportunity to gain familiarity with the layout of the website without putting too much purchase at stake.
In fact, a majority of the bonus funds awarded won’t risk your bottom line. However, don’t mistake these bonuses or credits for absolutely free plays. There are always restrictions attached – and it’s important to pay attention to them.
Start working on your betting strategy: Finally, sportsbook welcome bonuses will give players the chance to start cementing a strategy to make sports bets with. Although online sportsbooks certainly carry enough luck, there are strategies that players can follow when perusing and analyzing the numbers on the board. What better time to get your feet wet than by claiming a sportsbook welcome bonus?
Disadvantages of welcome bonuses
Make sure your sportsbook is licensed: Nothing is more important to our readers than safety, security and especially regulation. That’s why we only review legalized and fully licensed US online sportsbooks and casinos.
With online casinos in a free-for-all trying to secure new players, sometimes players can get hooked by industry bad actors — off-shore sportsbooks or online casinos.
Steer clear of any online gambling site that has not been licensed in the US — your money is too important to you.
Beware high playthrough requirements: Unfortunately, playthrough requirements are a reality of accepting the sportsbook welcome offers coming your way. Simply put, US online sportsbooks are not in the business of losing money — so they put a playthrough requirement (or wagering requirement) on the bonus money awarded to new players.
Though this number varies at each sportsbook, the biggest brands tend to offer playthrough requirements between 1-50x. This is the amount you must play through your bonus money before withdrawing winnings. Always ask questions about playthrough requirements which appear abnormally high.
Double-check the terms and conditions: Whether you’re just beginning or experienced at sports betting, it’s good practice to consistently read the terms and conditions of any welcome offer, bonus or promotion you select.
Especially at online sportsbooks – which often uses the sporting calendar to draw players in – it is wise to get in the habit of knowing exactly what is in the bonuses. For example, playthrough requirements; expiration dates and other fulfillments.
Sportsbook bonus restrictions
Enjoy the welcome bonus benefits you receive when starting play at a US online sportsbook: Given the nature of online gambling and the “house edge” sportsbooks hold over players, it’s not often you’re able to hold the upper hand. As we mentioned, most online sportsbooks are cash cows for a reason.
So while you won’t be able to miss the attractive bonus offers that are advertised during television commercials, on graphics during sporting events and displayed on billboards – it’s best you’re aware of the strings that come attached to these online sportsbook offers.
Most importantly, when evaluating a sportsbook bonus or promotion, keep in mind:
- Know when your welcome bonus credit expires: US sportsbooks are known to put expiration dates on players to claim bonuses or redeem winnings. This is to protect the bottom line – casinos don’t want to give players too many advantages with bonus money. Also, these time limits can force players to deposit more funds into their accounts to keep playing. As a rule of thumb, expiry dates are anywhere from one week to one month at major online sportsbooks.
- Know the minimum odds of your bet: There’s a good chance your bonus bet is restricted to certain sporting events, times or days. This can happen as the sportsbooks limit players using their bonus figures on big favorites for favorable odds. Make sure the odds of your sports bet qualifies.
- Know the betting restrictions: With a wide variation of sports bets available to bettors these days – straight bets, parlay, props, futures – confirm your favorite choice of sports bet is available with the welcome offer or promotion you find. Trust us, there’s nothing worse than waiting on an ineligible bonus bet. Similarly, some online casino bonuses use game weighted percentages – slots, live dealer, roulette and online blackjack may be weighed differently.
- Know the amount of your match bonus: Perhaps the easiest way to build up a playing bankroll at US sportsbooks is by maximizing the match bonus offers at your online casino. Brands consistently offer these match-ups – oftentimes 100% or even 200% – because the more bonus money in your pocket, the more you’re likely playing. Remember: Funds earned through match bonuses are subject to playthrough requirements.