sports betting bonuses everything you need to know

*Updated August 3rd, 2018

Sports betting bonuses are promotions that online sportsbooks run, designed by bookmakers as a marketing tool.

Commonly, these bonuses come in the form of free money credited to your account just for signing up at a sportsbook, or for depositing a certain amount of cash.

One way to think of the bonuses offered by online sportsbooks is the online, sports betting version of casino comps – free benefits designed to keep bettors coming back.

Bonuses have been an integral component of nearly every single online sportsbook since the inception of the industry in 1996. While the types of bonuses offered has changed dramatically over the years, their basic premise is the same: free cash to bolster your sports betting account.

Our Top Bonus Picks for 2018

Rank Sportsbook Details Bonus Link
1 Bovada Sportsbook Get at 50% bonus on your first deposit, up to $250 Get Bonus
2 BetOnline Get a 50% bonus on your first deposit, up to $1,000 Get Bonus
3 MyBookie.ag Get a 50% bonus on your first deposit, up to $1,000 Get Bonus

How Do Sports Betting Bonuses Work?

While most sports betting bonuses are relatively straightforward, you’ll have to meet specific requirements before you’re eligible to withdraw them.

Most commonly sports betting bonuses have the following terms and conditions attached to them:

  • Rollover
  • Odds Restrictions
  • Time Limits

For more information, check out our detailed guide on exactly how sports betting bonuses work. Rest assured, bonuses are extremely simple to understand once you grasp their basic rules.

What Kinds of Sports Betting Bonuses Are There?

Sports betting bonuses come in many different forms at online sportsbooks. As the industry has grown over the years, sportsbooks have started to offer a wide variety of creative bonuses. Sportsbooks most frequently offer the following types of bonuses:

  • Initial Deposit Bonus (Deposit Match Bonus)
  • Free Bets Bonus
  • Matching Bet Bonus
  • Refer-a-friend Bonus
  • Reload Bonus
  • Cash Back Bonus
  • Season Promotion Bonus
  • Secret Bonuses

The most common type of sports betting bonuses are the sign-up bonuses. More often that not, sign-up bonuses take the form of an initial deposit bonus.

We’ve created an extensive guide to all the different types of sports betting bonuses, where you can learn how each kind of sports betting bonus works. While the structure and operational aspects of bonuses can vary widely, each particular bonus class offers unique benefits to bettors.

What Are the Best Sports Betting Bitcoin Bonuses?

Upwards of 56% of the sportsbooks we review offer bonuses that apply specifically to Bitcoin. Often, these bonuses are not only bigger, but they come with fewer terms and conditions.

Check out either our guide to betting with Bitcoin to learn more or you can get more specific with our guide to bitcoin betting bonuses.

How Do I Choose the Best Sportsbook Bonus for Me?

Well, that depends on how you plan to bet on sports. We recommend that casual bettors target a different type of bonus than a seasoned sharp.

To understand and determine what you should consider when selecting, check out our guide on how to choose the best sportsbook bonus. We cover how to balance factors like rollover, time limits, and odds restrictions when you’re choosing a sports betting bonus.

Still Have Sports Betting Bonus Questions? Not To Worry, We’ve Got You Covered!

Should you have any lingering questions, we compiled a list of the frequently asked questions about sports betting bonuses we’ve received over the years. It’s a deep dive into some of the more specific details of using bonuses at your sportsbooks, inclusive of mobile-specific bonuses, what to do if you fail to receive your bonus, and much, much more.

Additionally, we created to step-by-step guides to help you successfully redeem your bonus. One guide is the step by step process of redeeming a bonus made via a conventional method (credit card, eWallet, bank wire, etc.), while the other guide covers each step required to access a Bitcoin-specific bonus.