Explainer: Sportsbook Sign-Up Bonuses

Sportsbooks compete for the attention of bettors by offering a variety of tempting bonus offers to stand out in an incredibly competitive industry.

These promotions include free bets, enhanced odds, risk-free wagers, and more.

Thanks to our algorithm, taking advantage of these bonuses can result in serious profit.

You could try to do this by yourself but – with wagering restrictions, terms, and conditions that you must be aware of – we do the hard work for you, so you can get on with the winning.

Matching Deposit

Some betting sites will give you a 100% bonus if you sign up for a new account – crediting your account with a free bet equal to the amount of your deposit.

This is not a double-your-money bonanza. This is encouraging you to deposit $100 of real cash, to earn a one-off $100 Free Bet – which is worthless until you use it effectively.

The bonus percentage will vary by sportsbook, as will the deposit limit they’ll match up to – checking these offers, and doing the math on them, could pay handsomely.

Sometimes, these sign-up offers are cash bonuses – which means that, if your bet is successful, you will retain your original investment.

Other sportsbooks provide a free play bonus, which means that if your bonus bet is successful, you will not be required to pay the stake. You are solely entitled to your profit.

However, since you may profit from minimal wagering requirements and a large deposit match, a free play offer may be preferable to a cash bonus in certain situations.

Free Spins

Online casinos are also available on the majority of sports betting websites. They may provide you with a matched deposit, free spins, or a mix of both to entice you to join up.

Free spins simply lets you play an online slot game without any strings attached.

Reload Bonus

Sportsbooks provide a variety of incentives to keep customers betting with them, including Reload Bonuses – which are like Sign-Up Bonuses but for existing customers.

Because they’re aimed at regular clients, these offers are often lower than new customer bonuses.

Cash and Free-Play Bonus

When you get a Cash Bonus, your stake will be returned as a portion of your profits when your wager is successful.

A Free Play offer means the stake is not included when your account balance is updated after a winning bet.

So, either way, you get paid the same winnings – but only the Cash Bonus will translate directly into cash in your account balance.

Therefore, when you join up with a sports betting operator and make your first wager, a cash incentive is usually more attractive than a free-play offer.

When it comes to cash bonuses, though, you may find that the rollover requirements are higher, so be sure to read the small print before deciding which free bets promotions to stay ahead of.

Free play bonuses, rather than cash incentives, are the norm when it comes to risk-free betting offerings.

Referral Bonus

If you refer a friend to sign-up for a betting account, you’ll often earn free bets in return.

Typically, these bonuses will be contingent on your friend depositing and staking certain amounts.

As a general rule, there are no restrictions on the number of friends you may recommend or the number of free bets you can accumulate.

Got that? Ready to start winning?

Sign up for BetsBooster now FREE.

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By analyzing every promo, free bet, and sign-up bonus on the market, we deliver you maximum value for minimal effort – turning virtual ‘free bets’ into real cash.

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