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Sportsbooks offer bettors a wide range of enticing bonus offers in a bid to stand out in an extremely competitive market. You can therefore benefit from all manner of free bets, boosted odds promotions, risk free wagers and more. These sportsbook bonuses can really help you swing into a profit over the course of the year, so it is important to snap up as many of them as possible. However, there are wagering requirements, terms and conditions that you need to bear in mind, so we have created this sportsbook bonus page to help you understand what is on offer. Read on to learn more about the exciting offers you can take advantage of today at some of the best sportsbooks in the world.
Sign-Up Bonus Offers
Hundreds of betting sites are all vying for your business and they must work hard to stand out from the crowd. The vast majority of sports betting sites provide attractive betting sign-up offers in an effort to tempt new customers. These are the key welcome bonus offers that you should familiarize yourself with.
Matched Deposit Bonus Offers
You generally have to deposit some of your own money into a new account before you can unlock a sports betting bonus. This is called a match bonus. For example, betting sites might offer you a 100% cash bonus if
you sign up for a new account. That means it will give you 100% of the amount you deposit in the form of a free bet. If you deposit $100 of your own money, you will receive $200 in credit to play with.
Alternatively, a sportsbook could offer a 50% match deposit. In that case you could deposit $100 and receive $150 to play with. Some sports betting offer 150% or 200% matched deposits, while others might go to 300% or 400%, but they may only allow you to deposit a small amount when seizing this free bet bonus.
You will notice that each betting site has a minimum and maximum deposit amount for anyone that wants to take advantage of a first deposit free bet bonus offer. For example, one site might offer a 100% matched deposit up to $250, while a rival site could offer a 50% bonus up to $1,000. In the first case, you would be able to deposit $250 and receive $500 to play with. In the second case, you could deposit $1,000 and receive $1,500 to play with.
No Deposit Bonuses
This is a risk free bet promotion. It essentially allows you to place a risk free wager without having to deposit any of your own money. If your risk free bet wins, your winnings will be added to your account balance
and you can keep on playing. If your risk free bet loses, you can walk away without having lost any of your own money.
Why would a betting site offer a risk free bet? The idea is that you will be so impressed with the sports wagering platform after betting for free that you will decide to remain a long-term customer, deposit real money and play it on various different markets. Some sports betting operators believe that getting your foot in the door is half the battle. They lure you in with a risk free bet, and then try to sell themselves in a short space of time, encouraging you to stick with them.
You may find that a sports betting site then offers subsequent bonuses after giving you a risk-free bet in order to give you another incentive to stay. A no deposit risk free bet is a really appealing bonus offer for anyone that bets on sports, and it is well worth snapping them up when you see them. We will always highlight no deposit risk free bonuses alongside match bonus offers and other free bets at SBR.
Another form of bonus is badged as a “risk free bet”, but you actually have to deposit your own money. You might be encouraged to deposit $30 and place a wager. If you win, you the winnings are added to your balance. If you lose, you will be given a $30 free bet, allowing you to have another go. The sportsbook might refer to this as a “risk free bet”, although it does actually require you to risk your own money.
Boosted Odds Bonus Offers
Many sports betting operators will offer boosted odds promotions in a bid to generate new business when a big sporting event looms. This is particularly common among European betting sites. If Liverpool has a big
game against Everton in the Premier League and it is the heavy favorite to win, you might see a sports betting operator offer boosted odds of 50/1 on Liverpool winning.
The offer will be limited to new customers, and you will generally only be able to wager a small unit such as $1 at those boosted odds. You will also have to deposit some of your own money to unlock the bonus. If you win, you will be paid in the form of free bet credit as opposed to real money that you can instantly withdraw. These boosted odds bonuses are often available on soccer and tennis, but you can find some boosts too, and you might also find these promotions available on politics> markets in the build up to the presidential election.
Sportsbooks will run other creative bonuses to tempt new customers. You might find you can bet $10 on the first quarter-final clash at the US Open tennis tournament, and then receive a subsequent free $10 bet on each of the remaining quarter-finals. You might alternatively receive double the odds on your first bet. These free bet offers are again more common among European sportsbooks, but US facing betting sites increasingly offer such free bet offers, which are also referred to as bet free, bet for free or freebet.