Best Online Sportsbook Sign Up Bonuses – Free Bets & Offers
Nearly all online sportsbooks will offer a welcome bonus or some other promotion like a free play / free bet for new players. The purpose is to reward new players for choosing the specific bookmaker and also give them an added incentive to make a deposit and start betting.
Sign Up Bonuses with Rollovers at Sportsbooks – How does it work?
The most common welcome offer is the Sign Up Bonus, which adds a specific percentage of bonus money to your account, depending on how much you deposit. The percentage you get credited in bonus money can vary from 50% to 200% depending on the sportsbook. As an example, if you deposit $1,000 at a sportsbook with a 100% sign-up bonus, you’ll have a total of $2,000 to wager with. The sportsbooks are often running big promotions near the start of major events like the start of the football season or baseball season.
Sportsbook bonuses pretty much always come with a rollover requirement. If you for example have received a $500 bonus with a 10x rollover requirement, you need to wager a total of $500 x 10 = $5,000 before your bonus is converted to cash and you can withdraw the money.
How Does a Risk-free Bet at a Sportsbook Work?
Another common sportsbook offer is Free Bets. So how does a risk-free bet work? Instead of a bonus credited to your account, you’ll receive a set amount of money to bet with when you deposit. If you lose the free bet, you’ll either get the stake back in cash or site credit, depending on the sportsbook’s terms and conditions. The free bet amount may or may not be split up into smaller wagers, again this differs between sportsbooks. It’s also worth noting that if you, as an example, bet $100 of your free bet at +100 odds and win, you don’t get the $100 free bet stake credited to your account, only the $100 profit.
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