How do sports betting bonuses work?

Bonuses for sports betting are bookmaker promotions. A sportsbook gives new and existing customers perks to entice them to play on the website. This allows you to save money (via a cashback bonus) or win money with no risk (like a free bet). We'll detail each bonus below.

What's the bonus betting system?

Each bonus works differently, but it's usually easy to understand. It's counterproductive for sportsbooks to advertise betting bonuses if they're hard to claim. Read the terms and conditions, which are covered later in this article.

How do bettors get bonuses?

Each is unique. New player bonuses often require a "bonus code" during signup. In some cases, you can enter the code afterward. In some cases, the bonus will be automatically credited to your account. "Opt-in bonuses" require you to enter a code or check a box in the cashier. To claim your bonus, follow the instructions carefully, but the process is usually easy. $12,000 in betting bonuses.
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Various betting promotions

Sportsbooks offer bonuses. Things vary in value. Some increase profits, while others reduce losses. If you're a certain type of player, you'll prefer certain bonuses. Depending on your playstyle. We'll cover the most common sports betting bonuses below.

Free-bet bonus

Perhaps the most common bonus. A free bet is an unpaid wager. The player must wager the entire $20 free bet bonus. In most cases, only the winnings from a free bet are returned. Regardless of the type of bonus, you'll use it on the betslip. Place $20 in the betslip and click "Use Free Bet" to use a $20 Free Bet. Automatically claim the Free Bet. Free bets have terms and conditions, which you can read below. Minimum odds, restricted markets, and rollover requirements should be considered.

Risk-free wager

Risk-Free Bets are similar to regular bets, but you use your own money and get your stake back if you lose. It may be returned in cash, but it's usually a free bet.

In-cash refunds

Money back bonuses, also called cashback bonuses, save you money. In this case, the sportsbook will return a portion of your wagers. In most cases, you'll only be reimbursed for losing bets with cash, free bets, or bonus cash.

First-purchase bonus (Deposit)

Another benefit. A Deposit Bonus matches a percentage of your first deposit up to a maximum. A 100% deposit bonus up to $400 doubles your deposit, up to $400. The bonus will only be applied to the first $400 deposited. Extra money is usually Bonus Cash.

Bonus Cash?

Bonus Cash is real money that must be wagered multiple times before withdrawal. This prevents people from making a deposit to get a Deposit Bonus and then withdrawing the extra cash. Here is our terms and conditions page.

No-deposit bonus

A "No Deposit Bonus" doesn't require the player to deposit money. Usually Bonus Cash. A $20 No Deposit Bonus gives you $20 in bonus cash just for registering with the casino.

Reload bonuses

A reload bonus only applies to a player's first deposit after signing up, while a deposit bonus applies to subsequent deposits (also known as "reloads"). After signing up for a site, players are often encouraged to keep playing by offering reload bonuses, which are usually conditional.

Increased probability

This bonus is as named. The sportsbook chooses a market or bet and offers better odds. This is a common sportsbook marketing strategy. Enhanced Odds, or Boosted Odds, have a maximum wagering requirement.

Increased parlay value and number

Boosted Parlays are similar to other bets, but only apply to parlays. More legs mean higher returns. For each additional leg, a sportsbook may increase your odds by 2.5%.

Winners

Some online sportsbooks award real, tangible prizes. Redeemable items include hats, shirts, gift certificates, and electronics.