Sports gambling sites are always trying to make their service more attractive. This is why they offer bonuses to new players. Many people don’t know that there are many types of bonuses on sports gambling sites and it’s important to understand what each type means. In this article, we’ll explain the most common forms of bonuses so you can decide which one is right for you:
Matching deposit bonus
A matching deposit bonus is one of the most common types of bonuses you’ll see on sports gambling sites. When a new player makes a deposit, they will be rewarded with an amount equal to that deposit as free play money. Usually, this bonus is only available for a limited time and will expire after several days or even weeks. A matching deposit bonus can come in many different forms: it might be $500 cash, $500 in free play money, or even $500 worth of bets that are doubled up to use at the table.
- An insurance bonus is a free bet that you get when you place a wager on the underdog.
- Insurance bonuses are not as common as other types of bonuses because they aren’t as profitable for sports gambling sites.
- With an insurance bonus, you place your bet and then receive another bet equal to the amount of that first bet, but with odds against your favor (e.g., paying out at +125).
Free bet bonus
A free bet bonus is a great way to get more bang for your buck. A regular sports betting site will offer you a percentage of your deposit in free bets and allow you to use that money on any sport or market on their website. For example, if you deposited $100 into an account and received 20% back in bonuses, that would be $20 worth of free bets.
Sometimes these promotions have added requirements or stipulations before the bonus can be claimed by players. Each sportsbook has different rules about how much interest they will pay out per day (usually between 1% – 5%) but generally speaking it’s safe to assume that these funds are yours after 24 hours have passed since adding them into a balance at the site.
Refer a friend bonus
- How to get the bonus: You have to refer a friend
- Bonus amount: The amount of the bonus depends on the sportsbook you’re using. For example, Bet365 gives new signups $30 in free bets when they refer at least one friend.
- When does it expire? Bonuses for referrals can be valid for as long as six months or even more, though most have an expiration date after which you lose access to them if you don’t use them by then. Others are only good for 24 hours, so make sure you collect your bonus if you’re going to use it!
- How can I use this? Referral bonuses usually come with some restrictions on how much money they’re worth and how many times they can be used before their expiration date passes. For example, a $30 free bet deal is limited to new signups who deposit at least $20 before making a deposit themselves; once that happens there are no limits on how often these bets can be used within 30 days (so choose wisely!). However other companies like Winner Sports offer up larger referral bonuses without any strings attached – all you need do is tell some friends about their great service and watch them reap the benefits too!
No deposit bonus
A no deposit bonus is a type of bonus that is given to new players at sports gambling sites. It’s usually given to new players to help them get started and try out the site. These bonuses can be used with any game that requires real money betting, including casino games, sportsbook betting, poker, and more.
The most common forms of bonuses on sports gambling sites
You might have heard the word “bonus” thrown around on sports gambling sites, but what exactly is a bonus? A bonus is simply an additional amount of money awarded to you by the site and comes in many different forms. The most common types of bonuses include the matching deposit bonus, insurance bonus, free bet bonus, and referral a friend bonus.
In addition to these more traditional forms of bonuses, there are also no deposit bonuses which allow new players to try out certain sports gambling sites before committing to making an actual deposit. No deposit bonuses usually come with strings attached such as wagering requirements or other restrictions that must be met before you can withdraw your winnings from them.
There are many different versions of these bonuses, but they all have one thing in common: they’re designed to attract new players who might not be familiar with the site. They give you extra money to play with and can be used on any of the games at that site. These types of bonuses are usually limited, so make sure you claim them before they end!