How Do Online Sportsbook Bonuses Work?
How Do Sportsbook Bonuses Work?
Every online sportsbook that I have ever seen offers some type of sign up bonus, some have a higher bonus than others but they all offer something. These bonuses are usually a percentage match up to a certain dollar amount. So let's say a casino is offering a 100% match up to $500. This means any amount you deposit up to $500 the sportsbook will give you that much more of their own money for you to wager with. If you deposit more than $500, you will still only get the $500.
What is the catch?
Yes it probably does sound to good to be true, but of course the sportsbook is just not going to match your deposit and then let you withdraw the money that they gave you right away. You will first need to meet the play through requirements. In most cases the terms of the bonus will look something like this, you must wager an amount equal to 3 times your initial deposit plus sign-up bonus. Once you have met the play through requirements you are free to withdraw the money you deposited plus the online sportsbook bonus that was given by the bookmaker.
What is a No Deposit Bonus?
A no deposit bonus is exactly as it sounds, it is a bonus that the sportsbook will give you for just simply signing up an account. You do not need to deposit any money to get the bonus. These are not very common in the sports betting industry but they will occasionally be offered by some sportsbooks as a special promotion. These are usually in smaller amounts compared to the deposit bonus, sites may offer a $10 or $20 free bet. The play through requirements are also usually a considerable amount higher than the deposit bonuses.
To sum it up, by taking full advantage of bonuses like the Sportsbetting Promo Code Bonus, you will be sure that you are turning the odds in your favor.