We’re going to explain the different types of sports betting bonuses and promotions in this guide.
There’s a lot of competition between online sportsbooks, which bodes well for us bettors. It means we’re constantly being offered bonuses/promotions when depositing to a bookie.
Sports Betting Sign-Up Bonuses (First Deposit)
The most common bonus is a sign-up bonus for first-time depositors at an online bookie.
There are two common types of sign-up bonuses, free play and cash.
Both types of bonuses can offer bettors value, but it depends on the terms and conditions, such as the rollover amount.
A cash bonus is added directly to your real money balance. A free play bonus is added to a separate balance and you can bet the free play, but if you win, the stake isn’t added to your balance. Only the winnings from a free play are added to your cash balance, so keep that rule in mind.
While not as popular among US bookies, free bets are popular in many countries.
With a free bet bonus, the bookie covers the stake up to the value of the bonus. For example, a $25 free bet would allow you to place a bet for $25 without risking any of your cash balance. There are also terms for these offers, including a rollover that needs to be met before withdrawing.
Sports Betting Reload Bonuses
Bookies want players to remain loyal to their brand. Some of the best sports betting sites in the US offer reload bonuses on every deposit.
For example, America’s Bookie offers up to a 100% free play on every single deposit. There’s a rollover to meet, but the terms are straightforward.
What Is Rollover?
All bonuses typically have a rollover, as sportsbooks aren’t in the business of giving out free money. If they did, bookies would be out of business, as giving away free money with no terms isn’t viable.
Essentially, a rollover is an amount of money a bettor needs to wager before they can withdraw.
Always read through the terms, as the rollover can vary. In most cases, the rollover amount is based on your deposit and bonus amount. For example, if you receive a 100% bonus on a $100 deposit with a 10x rollover, you’d need to wager $200 (Deposit + Bonus) x 10 (Rollover), which equals $2000.
After wagering $2000, you’re free to withdraw the entire balance if you choose. It may seem like a lot, but even a $50/game bettor would meet the rollover in only 40 bets.
Sports Betting Promotions, Contests and Pools
Here’s a quick list of some of the sportsbook promotions available:
– Free Bets
– Enhanced Odds
– Live Betting and Mobile Free Bets
– Gamblers Insurance (Rebates)
– Risk-Free Sports Bets
– Bonuses for Using Specific Banking Methods
– Best Odds Guaranteed
– Loyalty/Rewards Programs
– Betting Contests (Handicapping, 33Club, etc.)
– Betting Pools (Survivor, Bracket, Squares)
The list goes on and on. The most important thing to do when accepting a new promotion is to read through the terms thoroughly and make sure you understand everything.
Know the Terms of Bonuses, Promos, etc
Here at ScoresAndStats.com we only promote the best sportsbooks, and they all have clear, concise and simple terms to meet.
Some non-reputable bookies will try to lock bettors into rollovers that are unachievable and these rogue sportsbooks should be avoided at all costs if you care about your money.
One of the most unique promotions available at bookies are contests and pools.
Most US bookies don’t run pools or contests because they’re expensive (prize pools) and take a lot of time to manage. America’s Bookie offers more than a dozen contests/pools annually with most of them taking place during the NFL season, including survivor pools and squares.
All of the contests are free to enter at America’s Bookie as well. Bettors can use the loyalty points they accumulate to enter them or simply make a qualifying deposit prior to the contest/pool.
