Sports Betting Bonuses – The Best Sportsbook Bonuses

Introduction To The Sportsbook Bonuses

When it comes to the best sports betting bonuses, we’ve uncovered the most valuable offers out there. Online sports gamblers know that bonuses vary greatly from one bookmaker to the next, which is why we’ve put together this guide to teach you about the different types of bonuses and those all-important terms and conditions you need to be aware of.

How Sports Betting Bonus Works

Just about every online bookmaker offers some type of bonus to new and loyal players. Sportsbooks know you’re on the hunt for bonus opportunities, and they’re vying for your business, which is why there are so many sportsbook promos right at your fingertips.

For many punters, deposit sports betting bonuses are what draw them in when it comes to deciding which sportsbook to sign up at. The overall odds, variety of markets and payout speeds count, too, but are often a second place to the number of bonus funds you can get just for making a deposit.

Sportsbook bonuses are certainly a great way to boost your initial bankroll, but picking a bonus isn’t as easy as depositing money and receiving the funds. There is some due diligence you need to follow to make sure you’re getting a fair deal.

To understand just how sports betting bonus works, you need to know about the different types of sportsbook promos on offer.

Cash Bonuses vs Free Play Bonuses

Most of the sportsbook bonuses you’ll come across are “free play” bonuses. With these, you receive a portion of your deposit in free-play form, with wagering requirements attached.

The biggest difference between free play and cash bonuses is that when you bet from your free play balance, the cash is removed from your balance, no matter what the outcome of your wager is. For example, if you have €300 in your free play balance and you bet €100 in free play funds, the total drops to €200, regardless of whether your bet wins or loses. If you win, your winnings are only added to your cash balance.

On the other hand, cash bonuses return both the stake and profits if your bet wins, making them the most favourable type of sports betting bonus.

Popular Sports Events To Use Your Sports Betting Bonuses On

Now that you have an idea of the different types of sports betting bonuses to boost your betting bankroll, you’ll want to know which sports to spend them on.

Some of the most popular events at online sportsbooks include:

• NBA
• NHL
• Tennis
• Football
• Cricket
• Rugby
• Cycling
• Horse Racing

Wagering Requirements For The Best Sportsbook Bonuses

Getting your claws into online sportsbook bonuses isn’t as easy as making a deposit and claiming the reward. With pretty much all bonuses, there is a rollover rate (wagering requirement), and you must meet the requirements before you can cash out your bonus or winnings from the bonus.

A wagering requirement is the number of times your bonus (and often the deposit) must be wagered before you can withdraw your bonus.

For instance, if you deposit €2,000 and receive a 25% free play bonus, you get an extra €500 to bet with. If the bonus comes with, let’s say, a 4x wagering requirement, it means you’d need to bet at least €10,000 (€2,500 x 4) before you can get your hands on your €500 bonus. It may sound unreasonable, but it’s the bookmaker’s way of making sure punters don’t simply deposit, grab the bonus funds and be on their way.

But it’s a double-edged sword. Wagering requirements vary depending on the sports betting bonuses and operators. That’s why it’s important to read the terms and conditions and only bet at licensed sportsbooks that clearly set out their requirements. The most common wagering requirements for sports bonuses are between 3x and 6x.

The higher the wagering requirements, the more difficult it is to clear a bonus. Rollover rates within the 10x – 12x range make it almost impossible to clear without significant losses.

How To Claim Online Sports Betting Bonuses

Claiming and enjoying sports betting bonuses means choosing a bookmaker with an attractive offer right from the time you sign up. You can browse through our top list of sites and check out casino reviews and recommendations. Then, pick a site and register. It’s usually during the registration process, or at least when you make your first deposit, that you get to unlock a best signup bonus sports betting.

Most sportsbooks will automatically credit your account with the bonus sports betting, but others may require a bonus code, for you to opt-in, or you might have to contact customer support to claim an offer. Remember to read the terms, conditions and wagering requirements. You don’t have to take an offer if you don’t want to.

Once you’ve met the bonus’s wagering requirements, you can head to the bookmaker’s withdrawal section, pick your preferred payment method and request a withdrawal. While deposits tend to be instant, there’s usually a short processing time for withdrawals – which differ depending on the sportsbook and your chosen payment method.

If you prefer to punt on the move, you can always use a sportsbook’s mobile site to sign up, claim sports betting bonuses and play them.