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Common Sports Betting Bonuses and Promos
casino slots bonus virtual sports betting With The Best Bonuses You might be wondering, “can I claim an online betting offer?”
The good news is that you probably can. Every online betting bonus or the free bet has terms you need to fulfill, but so long as you’re betting sports for real money, odds are you can find an offer to bolster your bankroll.
The type of betting deal you can claim will depend, though, on whether you’re a new customer or an existing customer. Let’s look at the types of online betting promotions sportsbooks offer each, starting with sign-up bonuses for new customers.
Sports betting sites offer various promotions to encourage new customers to register an account with them, make a deposit, and start betting for real money.
These are the most common betting promos new customers can claim.
- Deposit Bonus
- Reduced Juice/Enhanced Odds
- No Deposit Bonus
casino slots bonus virtual sports betting Deposit Bonus
The deposit bonus is the most common promotion betting sites offer. You’ll see this offer labeled differently at each site. For example, a welcome bonus or sign-up bonus. But they all work the same way.
A deposit bonus is an offer in which the betting website matches a percentage of your deposit. For example, a site might offer a 50% match bonus of up to $1,000. This means they’ll give you $0.50 for every $1 you deposit. If you deposit $2,000, they’ll give you $1,000 extra to bet with.
The match percentage will vary from sportsbook to sportsbook. Most sports betting sites with bonuses offer 50% or 100% matches, but it’s not common to find higher or lower matches.
The maximum bonus will vary too. As you can see by looking at our recommended bonus betting sites, some sites offer a max bonus of $250 while others offer as much as $1,000.
It just depends. A good rule of thumb is that the larger the match, the smaller the maximum bonus, and vice versa. What makes for the best sportsbook sign-up bonus is essentially down to you.
Most of the top betting sign-up offers are only valid on your first deposit. However, while less common for sportsbook bonuses, some are split up over your first two or three deposits.
TOP TIPWait to deposit until you have all your money ready. If you plan to have a $1,000 bankroll but get impatient and make a $500 initial deposit, you’ll lose out on $250-$500 in free bets.
casino slots bonus virtual sports betting Reduced Juice/Enhanced Odds
Another promotion sports betting sites offer new customers is reduced juice. “Juice” is another term used for “vigorish” or “vig,” which is the commission that betting apps and online sportsbooks charge on every bet.
Take a standard -110 line, in which you wager $110 to win $100. If the betting site offers reduced juice, that line might be -107 or -105 instead.
This means you’re saving $3-$5 (in this example) for every bet you make. This can add up to significant savings over the lifetime of your betting account.
Enhanced odds are a similar concept, where you basically get better prices on specific wagers or betting markets.
The sports betting sites that offer reduced juice to new customers will usually give you a choice. You can either take the reduced juice deal, which will apply to all your bets but will make you ineligible for other betting bonuses and promos. Or you can skip the reduced juice and take the sign-up bonus and other deals instead.
We can’t tell you which way to go. You’ll have to do some math to figure out which will yield the best return for you. But what we will say is that, if you don’t bet very often, odds are a deposit bonus will put more money in your pocket.
casino slots bonus virtual sports betting No Deposit Bonus
A slightly less common betting sign-up offer is the no deposit bonus. This is an offer in which an online bookmaker will give you $10-$30, which is good for a couple of free bets.
You don’t have to deposit with this betting site bonus, which is where the “no deposit” part comes from. All you have to do is register an account. No-deposit offers aren’t nearly as big as the best sign-up bonuses for sports betting, and they usually have stricter terms and conditions, at least as far as withdrawing winnings is concerned.
We don’t recommend joining an online sportsbook or bookmaker for a no deposit bonus unless they also allow you to claim their main welcome bonus. You can use the free bet to test their sportsbook and, if you like it, you can then commit with a deposit and claim a betting bonus.
Now, what about existing customers? What do the top betting sites for bonuses offer them?
Well, existing customers actually have a wider variety of promotions to choose from, as well as sports or event-specific promotions to take advantage of.
The following are some of the most common sports betting promos that sportsbooks run for existing customers.
- Reload Bonuses
- Free Bets
A reload bonus is essentially identical to a deposit bonus. The sports betting app or site is offering to match a percentage of your deposit.
Reload bonuses are often smaller than welcome bonuses, but the upside of these sportsbook promotions is that you can claim them more often. Some real money gambling sites even offer a bonus on every deposit you make, such as a 25% “lifetime” reload bonus.
A free bet is a betting site promotion in which if you make a bet and it loses, the sportsbook will refund you the amount you lost. The refund is usually capped at between $25-$50. Or it can be a “token,” where you get to make a real money wager for free. You’ll keep the winnings but not the value of the initial wager.
Some sites use free bet bonuses to encourage you to try something in their sportsbooks, such as their live sportsbook or mobile betting app.
If you’ve already used that feature or section, the promotion won’t be available to you. And if you make a bet and it wins, you won’t be able to claim it again.
Otherwise, it’s essentially a risk-free way to add some winnings to your bankroll.
A rebate is an offer in which sports gambling sites give you back a percentage of your net losses. This betting promotion is most commonly offered to horse bettors, but some sportsbooks offer sitewide rebates, too.
Here’s how a betting rebate works.
The most common rebate given is 8%. If you wager $500 and lose $300, your net loss is $200, in which case the site will refund you $16.Most rebates are paid on a weekly basis based on your losses from Sun-Sat or Mon-Sun.
Many online gambling sites offer a refer-a-friend program. Every program is different, but the gist is that the site will give you a bonus or other incentive for every friend you refer that makes a real money deposit and wager.
They don’t even have to bet on sports. Most sites also have casino games and/or poker available, and if your friend plays either of those, you’ll still get your bonus.
And that wraps it up for the most common betting bonuses and promotions that online sports betting sites offer. But this is far from all the betting site promotions you’ll find online.
Other Promotions and Rewards at Sports Betting Sites
Several online betting sites also offer VIP programs or loyalty schemes. These can provide additional rewards based on how much you wager. If you’re a high-stakes bettor or bet very regularly, such rewards can end up being very valuable.
These rewards are not necessarily limited to cash. Some betting rewards programs offer various gifts and prizes, or even VIP trips to sports events.
Betting promotions for specific events like the start of the NFL season, the Super Bowl, or March Madness are also reasonably common. It’s not unusual for an online bookmaker or sportsbook to increase their standard bonus for a major event or offer specific bonuses for betting on that event.
Many betting websites will also run contests based on big sports events. These are typically free to enter for regular customers or anyone who has placed a real-money wager on the relevant event.
The following are among the most widely available online betting contests.
- Squares – In this classic game, you can buy squares with numbers for the scores of each team and you win if they match the score.
- Survivor – This contest applies to the entire season of a specific league. Pick a team to win every week and survive longer than the other players to win the prize.
- Handicapping contests – Share your picks for the spreads of all games from a selected round in this winner-takes-all contest.
- Perfect parlay – Predict all the games from a single round of a competition to hit the perfect parlay and win big prizes.
- Bracket – A classic contest that applies to playoffs or other formats including direct eliminations. Fill in your brackets with the winners of each round all the way to the final.
Generally speaking, the bigger the event the more special offers and deals you’ll find. US betting sites typically go crazy with their Super Bowl promotions, for example, while UK betting sites will offer plenty of deals around the start of the English Premier League season.
Betting promos based on using a new or upgraded feature are also sometimes available. For example, you might get a free bet using a new live betting platform. Or a special offer for using the latest version of a mobile betting app. You’ll also find betting site bonuses for using a specific deposit method. These are especially common in US online sportsbooks for using Bitcoin or other cryptocurrencies. Cryptocurrency is arguably the best way to deposit and withdraw funds for real money in online gambling in the United States, and most sites actively encourage it.
Most promotions at sports betting sites with bonuses will fall under one of the labels listed in this section. So once you’re familiar with these, you’ll have no problem understanding how all the other betting promos work.
How to Claim a Betting Bonus Online
The process for how to claim a bonus bet or reward varies from one sportsbook to the next, especially for promotions for existing customers.
However, claiming a sign-up offer will generally be pretty much the same regardless of the bonus betting site you join.
Here are the steps you need to take.
The Top Sports Betting Sites With The Best Bonuses Choose a Betting Site
The first thing you need is an account with an online betting site that offers bonuses. If your bankroll can handle it, we recommend you join a minimum of two sportsbooks, and preferably three.
You want to have accounts with two or three online bookmakers with bonuses (minimum) because every site will offer action on events and markets that the others don’t.
Multiple betting sites also make it easy to compare and take the best odds, which is one of the easiest ways to make/save money when betting sports online.
There are many ways to choose which site to bet with. But the easiest way is to simply join one or three of the real money betting sites with bonuses that we recommend.
These are the best sports betting bonus sites online today. Why not piggyback off our effort and save yourself some time, money, and frustration?
That’s what we’d do. The choice is yours, though.
Create Your Account
The next step is to create an account. Just find and click the “sign up” or “join now” button that most betting sites have placed in easy-to-find locations throughout their site.
This will take you to a page where you’ll need to provide some information. Here are the details most sports betting sites with bonuses ask for.
- Email address
- Physical address
- Phone number
- Date of birth
This is more or less what every online gambling site will ask for. They’re not trying to be nosey. They just want to make sure it’s legal for you to use their site and that you’re not a scammer.
Once you finish this part, most sportsbooks will send you a confirmation email. Open this email and click the link inside it to “confirm” your account – another safety and security measure.
You now have an account that’s ready to use.
casino slots bonus virtual sports betting Make a Deposit
The next step is to make a deposit, which is an important step if you want to gamble on sports for real money, not to mention claim a betting bonus.
This process is pretty much the same at every online betting site with bonuses. The biggest difference between each site is the banking options they accept.
Here are the most common banking options they accept.
- Credit/debit cards (Visa, Mastercard, American Express (Amex), Discover)
- Prepaid cards
- Gift cards
- Cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Ripple)
- E-wallets (Skrill, Neteller, PayPal)
- Cash transfers (MoneyGram and Western Union)
- Bank wires
Most sportsbooks also accept region or country-specific banking options.
You can read our reviews to see if a betting site has the specific banking method you want to use. Or you can create a free account and look for yourself.
TOP TIPWe recommend that US gamblers bet online with Bitcoin. It’s not only the easiest way to deposit and withdraw but you’ll usually be entitled to some extra bonuses and rewards.
Choose Your Betting Bonus or Promotion
The depositing step is also when you’ll decide which betting promo you want to claim if there are multiple options. You may also have to enter a bonus code or promo code.
This part is simple. Just enter the bonus code for the sportsbook promotion you want to claim in the relevant spot. Make sure you do this before you submit your deposit request.
And that’s all there is to it. The offer should be available immediately (though that depends on the specific betting offer you claimed).
Now, with that primer out of the way, let’s get into the exceptions. Because there are always exceptions.
- You won’t always have to enter a bonus or promo code to claim a deposit bonus or offer. Sometimes you’ll simply check a box for the offer you want to claim.
- Other times, a betting site with bonus offers might want you to send them an email telling them which sports betting promotion you’d like to claim.
- And at some betting sites, offers are given to you automatically. All you need to do is make a deposit, and you’ll see the money sitting in your account a little while later.
Most of the top bonus betting sites will tell you how to claim their offer in their terms and conditions. You don’t want to screw this part up. Otherwise, you risk losing out on a bonus, free bonus bet, or other promotion.
Understanding Bonus Terms and Conditions
Betting promotions are fun and exciting. They can put lots of money in your pocket and help you build your bankroll.
But there is a serious side too – the terms and conditions.
Betting sites have bonus terms in conditions for many reasons, but these two are arguably the most important.
- To prevent spammers from abusing bonuses.
- To give themselves the best odds of making money.
Bonus terms swing the odds in the sportsbooks’ favor. That shouldn’t be a surprise, really. Sportsbooks are in business to make money after all, not to give it away.
That doesn’t mean you can’t make money from your bonus bets or rebates, though. But you’ll screw up your chances of making any money if you break the terms of the offer you claimed.
This is easy to avoid, though. All you have to do is read and follow the terms for every betting promo you claim. The following are the most common terms to look out for.
casino slots bonus virtual sports betting Rollover Requirement
Also known as a wager or playthrough requirement, this is the most common term or “rule” you’ll have to follow.
A rollover requirement is a multiple that is applied to your deposit and/or bonus. The outcome is an amount of money you’ll need to wager before you can withdraw your winnings.
For example, say you claim a 100% sportsbook bonus. You deposit $500 and get an extra $500 to bet with. The rollover terms are 10x and apply to both the deposit and bonus.
Here’s what the math will look like.
Plug in our example numbers, and you’ll see that we’ll need to wager $10,000 before we can cash out our winnings.
That’s how rollover requirements work in a nutshell. You’ll want to keep in mind that some rollover requirements apply only to the bonus or deposit, while others apply to both (combined).
The Top Sports Betting Sites With The Best Bonuses Expiration Date
This term tells you how long you have to complete the bonus.
Many sportsbook offers have expiration dates that are between 14-30 days, though it varies quite a bit.
This tells you the minimum odds you need to take while clearing an offer.
For example, an offer might say that every bet must be at odds of 2.5:1 or higher. Bets on odds smaller than that won’t count or apply to the rollover.
This term tells you how little and how much you can bet while clearing sports betting bonus or bonus bet. For example, the minimum bet might be $1, and the maximum bet might be $10.
Minimum and maximum bets are less common in the sportsbook than in other areas, such as the casino.
casino slots bonus virtual sports betting Maximum Win
This tells you the maximum amount you can win from a bet.
This rule might be specific to the betting promotion, or it might be a rule that applies regardless of whether you’re using a bonus or not.
Maximum Withdrawal Amount
This tells you the maximum winnings you can withdraw from a specific bet or offer.
And if you withdraw your winnings, oftentimes the sportsbook will void the rest of your bonus/winnings.
casino slots bonus virtual sports betting Refer-a-Friend
These terms will tell you how much your friend needs to deposit and roll over before the betting site will give you your bonus. They will also tell you whether you need to roll over your bonus or incentive, and by how much.
And that wraps it up for the most common terms and conditions that you’ll need to follow if you claim an online betting promotion.
Again, to reiterate how important this is, many betting sites will simply void your bonus and/or winnings if you fail to follow their terms. If you try to cash out too soon, make the wrong bets, or do anything that breaks the terms, you’ll lose out on potentially hundreds or thousands of dollars.
This is why we include the major terms and conditions for every major offer we write about in our betting site reviews. We don’t want you to lose out on lots of money on a technicality.
And you better believe that sports betting sites will embrace these technicalities if it means not having to send you thousands of dollars in winnings.
So, don’t shirk your homework. Read the terms and conditions for every sports betting promotion you claim. Do that and you’ll be that much closer to lining your pocket with hundreds and thousands of dollars in online sports betting bonuses, free bonus bets, rebates, and more.
Sports Betting Bonuses FAQ
Many people use free bets as an excuse to make a long-shot wager. It’s not coming out of their pocket and they can potentially win big, so why not, right?
That’s an okay approach, but here’s what we think you should do instead.
Follow basic betting strategies and find the markets with the most value. Then compare odds to get the best price.
Do this and you’ll increase the chance of you adding some winnings to any bonus money you get.
Many of the top bonus betting sites list the latest promos on their website. That’s one easy way to keep track of online sportsbook bonus codes.
They will also send you emails with their best betting promotions. So, make sure you use an email address that you actually check when you create your account.
We also list new betting bonuses, promotions, and limited-time deals here, so you should consider bookmarking this page, too.
No. Many betting sites have a checkbox on their deposit page that asks if you want a bonus applied to your account.
If they don’t, send them an email before you make a deposit. Otherwise they might apply a bonus to your account automatically and you won’t be able to make a withdrawal until you finish it.
You might choose not to claim a bonus or betting offer if you don’t want to have to meet the wagering requirements.
There are a few reasons why.
- It’s one way to distinguish themselves from all the other betting sites on the internet and to encourage people who might be on the fence to create an account with them.
- To reward loyal customers or people who spend a lot of money in their sportsbook.
- To encourage existing customers who haven’t placed a bet in weeks, months, or years to come back and start betting again.
Ultimately, their goal is to make money, and the only way they that happens is if they have customers who make real money bets. Offering some of the best sports betting bonuses online is a good way to get people to do that.
The sites we recommend are a good place to start.
It’s important to note that it’s not a good idea to join an online betting site just because they offer attractive bonuses and deals. You also want to make sure they offer action on the sports and events you want to bet on, that they have the banking options you want to use, and that they’re a safe and reputable betting site.
That’s why you should stick with the best betting sites for bonuses that we recommend, as they all meet that criteria.
There’s one more thing to bear in mind, too. You still need to make sure that a site is right for any other preferences you may have. There’s no point in joining the best online sportsbook for bonuses if they don’t offer the type of bets you want to make or cover the leagues you want to bet on.