Beginner

How do betting bonuses work?

Lots of bookmakers compete for your attention, especially in sports betting. Some people already have a chosen bookmaker, but most are open and prefer more bonuses. Learn about common sports betting bonuses and how to use them.

Bonuses

Most popular sports betting bonuses

In the dynamic world of sports betting, every advantage counts. Whether you're a seasoned punter or a novice exploring the realm of online wagering, one factor that can significantly boost your chances of success is the strategic use of sports betting bonuses. These enticing incentives have revolutionized the way enthusiasts engage with their favorite sports, providing an extra edge and amplifying the thrill of the game.

In this comprehensive guide, we delve deep into the realm of sports betting bonuses, uncovering their true potential and shedding light on how they can empower you to maximize your earnings. To start things off, here are the best sports betting bonuses currently available in the US.

Best Betting Bonuses

21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.

  1. 20% Deposit Bonus up to $1,000

  2. Bet $5, Get $150 Instantly

  3. First Bet up to $1,000 on Caesars

  4. Bet $5, Win $200 in Bonus Bets + Get Boost/Bonus Every Day

  5. Second Chance Bet up to $500

  6. Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win

  7. Bet $5, Get $150 or
    $1,000 First Bet Safety Net

    Get $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses
    21+. New customers only. Limit one bonus per user.
    Offer available in AZ/CO/IA/IN/KY/LA/NJ/NC/OH/VA.
    First online real money wager for both offers. $10 first deposit required within 30 days.
    Minimum wager of $5 required to claim the $150 bonus bets.
    Loss refunded as bonus bets up to $1,000 with Safety Net Offer.
    Bonus issued as non withdrawable bonus bets that expires in 30 days.
    See full T&C at Bet365. #ad

  8. Second Chance Bet up to $500

  9. No Longer Accepting New Players

  10. Bet $100 and Get up to $100 in Site Credit

  11. Second Chance Bet up to $100

  12. Bet $25 on a Parlay,
    Get $75 in Bonus Bets

  13. Bet $10 Get $50

  14. Bet $20, Get $100

  15. Up to $250 in Matched Bets
    Over Your First 5 Weeks
    Promo Code: CLUTCH250

  16. Bet $20, Get $100

Deposit Bonus

By far the typical type of bonus, the sportsbook will match your first deposit, up to a certain percentage, from anywhere between 10% and 200%. For example, a promotion that offers 100% on your first deposit will effectively double your stake - if you deposit $50, the bookie will also deposit $50 as a reward for signing up. Such an offer will come with conditions however so it’s important to read the exact terms before committing.

For instance, any money won on the back of a successful bet, is likely to be in need of being ‘rolled over’ - played a certain number of times to lessen the chance of you walking away with any money (note that bookies aren’t out to just give you money and need to protect themselves from potentially losing large amounts).

The rollover requirements, i.e. X15, will always be stated but still, reading the terms of the offer is still crucial to avoid disappointment.

Betting Sites With Deposit Bonuses

21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.

  1. 20% Deposit Bonus up to $1,000

  2. Bet $20, Get $100

Bet & Get

Bet & Get offers are rising in popularity among sportsbooks in the US currently. For example, you may see sportsbooks offer bonuses such as Bet365's "Bet $1, Get $200 in Bonus Bets".

What this means is that when you make a qualifying bet of at least $1, you will get $200 in bonus bets.

These types of bonuses do require you to lay down some money at first, but you were probably going to do that anyway if you're there to bet on sports. The great thing about these offers is they don't depend on you losing your first bet in order to offer you any type of value, like a second chance bet or other bonus bet offer. Simply make your first qualifying bet, and then win or lose (in most cases) you will get bonus bets back.

Betting Sites With Bet & Get Bonuses

21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.

  1. Bet $5, Get $150 or
    $1,000 First Bet Safety Net

    Get $150 in Bonus Bets After Your First Real Money $5 Wager or Up to $1,000 Back in Bonus Bets if Your First Wager Loses
    21+. New customers only. Limit one bonus per user.
    Offer available in AZ/CO/IA/IN/KY/LA/NJ/NC/OH/VA.
    First online real money wager for both offers. $10 first deposit required within 30 days.
    Minimum wager of $5 required to claim the $150 bonus bets.
    Loss refunded as bonus bets up to $1,000 with Safety Net Offer.
    Bonus issued as non withdrawable bonus bets that expires in 30 days.
    See full T&C at Bet365. #ad

  2. Bet $100 and Get up to $100 in Site Credit

  3. Bet $25, Get $100 in Bonus Bets

  4. Bet $25 on a Parlay,
    Get $75 in Bonus Bets

  5. Bet $20, Get $100

  6. Bet $10 Get $50

Second Chance Bet

Second Chance Bets are arguably one of the most common types of betting bonuses offered by sportsbooks today.

A second chance bet tends to fall in line with a big sporting event such as the Super Bowl or a particular game the sportsbook wants to promote. Refund offers and money-back specials are the most common ways a second chance bet will be offered.

As a simplified example, with a second chance bet, if you wager on the Lakers to beat the Warriors, but the Warriors end up winning, the sportsbook will return your stake in the form of site credits, thus giving you a "second chance" to win.

Betting Sites With Second Chance Bets

21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.

  1. First Bet up to $1,000 on Caesars

  2. Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win

  3. Bet $5, Win $200 in Bonus Bets + Get Boost/Bonus Every Day

  4. Second Chance Bet up to $500

  5. Second Chance Bet up to $500

  6. Second Chance Bet up to $100

  7. No Longer Accepting New Players

No deposit bonus

It’s always good to have the opportunity to try new experiences for free and this does exactly that. As the name suggests, this bonus requires no deposit and you will be issued free site credit(s) upon completing the sign-up registration.

A promotion that actually does give free site-credits is a favorite amongst bettors given the chance you have of wagering without risking money of your own.

As mentioned though - and it’ll be a phrase word you’ll be accustomed to - consider the terms. Money won from a no deposit bonus won’t be eligible for withdrawal until you make a deposit into your account. This serves as a deterrent for bettors looking to abuse the offer and open numerous accounts.