The competition for attracting sports bettors has reached a feverish pitch. In only three years after sports betting became legal in the United States, online gambling has helped sports betting grow over four times in market size. Sportsbook bonuses have become the battleground for getting new customers and keeping them.
Yet, it’s challenging to decide which sportsbook promos are best with so many choices available today. If you are puzzled by what sportsbook bonuses mean and which are best for you, keep reading this guide to choosing sportsbook promos. Here’s what you need to know to make an informed choice.
What Are Sportsbook Promos
Offering regular incentives to new and existing customers is an enormous element of a sportsbook’s marketing campaign. A new user to sports betting benefits from bonuses for signing up to a sports betting site. Then, ongoing sportsbook promos allow customers to increase their bankroll during the year.
Sportsbook bonuses come in various forms. For example, sportsbooks offer no deposit bonuses to get players to try the site. More sportsbook promos appear for upcoming events or to emphasize a particular sport.
Many sportsbooks know that special events like playoffs or championships attract more bettors. They design sportsbook promos to promote betting for these events at the sportsbook. Some sportsbook bonuses offer enticing odds to increase betting for a single event.
Types of Sportsbook Bonuses
You will see several sportsbook promos to add value to your bankroll from the first time you search a sportsbook app or website. Every sports betting site positions its offers in different ways.
So it’s critical to look at all the initial sportsbook promos together. After signing up, one sportsbook might give you more free bets while others match your deposit with more betting money. Choosing the best sportsbook bonuses depends on the type of bettor you are.
No Deposit Bonus
The no deposit bonus is perfect if you want a great way to try a sportsbook without risk. As the name implies, the sportsbook will give you a stake to make free bets in exchange for joining the site.
The small bonus size won’t get you very far in building a bankroll. Yet, using house money is a perfect way to learn the online gambling site’s user interface.
Deposit Bonuses
Two types of deposit bonuses will add funds to your stake as soon as you make your first deposit. Some of these sportsbook bonuses reflect a percentage of your deposit.
For example, BetMGM might give you a 50% bonus on a $1000 deposit, which means your bankroll will start at $1500. A match bonus works similarly by adding the same amount more to your stake when you deposit.
Risk-Free Bets
One of the most attractive sportsbook bonuses for a new user to sports betting is the risk-free promo. There are limits to the bet amount, but the sportsbook will reimburse you with equivalent bets if it loses.
Fanduel offers customers $1000 risk-free for a losing bet. Yet, the bonus gets awarded as credits for the size of the bet.
Loyalty Programs and Incentives
Many of the best sportsbooks award regular users with continuing sportsbook bonuses. For example, you might unlock rewards by reaching playing levels as with BetRivers. It might take a while, but VIP sports bettors get more incentives with each level.
Some incentives are attached to specific sporting events. Sportsbook promos might include odds boosts on a single game. Another bonus may involve a bet and get where you receive extra credits for betting on the promoted game.
Rules and Regulations
It’s critical to understand the terms and conditions for sportsbook promos on each site. Sportsbook bonuses do not represent money you can withdraw without meeting specific guidelines. Each bonus will require you to play through the bonus amount several times.
For example, one sportsbook might require a 5x rollover before the cash can get withdrawn. So if you receive $20 in risk-free bets, you will need to wager $100 before it becomes real cash. The same applies to deposit bonuses and reload bonuses. Your $1000 match bonus might have to get played ten times to become a cashable amount.
Risk-free bets get rewarded in the form of credits. The $1000 losing bet might also get divided into several smaller future bets. If you get credited $1000 for a losing bet, the credit may become 20 bets of $50 each.
Sportsbook promos also have time restrictions on meeting bonus requirements. The online gambling industry thrives on regular play. Most sportsbook bonuses must get completed within 30 days.
Note that not every bet counts toward reaching the required goal. Only qualifying bets will get credited toward the conditions of promo completion. Generally, sportsbooks want credits to get used on bets with minimal odds.
Sportsbooks survive by promoting more action. Online gambling sites want to set a level of risk with the user. So betting on heavy favorites will not meet bonus requirements.
Creative Sportsbook Promos
When you join a sportsbook, it’s essential to watch sportsbook promos occurring throughout the season. Yet, each site is different, so look for a list of the best sportsbook promos at https://sportsgambling.us/ before signing up.
Online gambling establishments look for ways to separate themselves from the competition. Some of the best sportsbook promos involve special betting circumstances. Examples include parlay bet bonuses, daily free bets, and one-time special event bonuses.
Choosing the Best Sportsbook Promos
The most critical factor in choosing sportsbook promos that work for you is knowing your kind of betting. One size does not fit all with sportsbook bonuses, so decide on the sports you bet on and how often.
A new user to sports betting will get more value from no deposit bonuses than a seasoned bettor. Yet, risk-free bets are valuable to anyone online gambling consistently. Get your favorite sportsbook promos at trusted and regulated online gambling sites and enjoy the bonus.
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