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Sportsbook Bonuses Explanation. Step-by-step Guide

Learn about bonus concepts, terms, conditions, and more to find out what bonus you are offered, how, when to get it to benefit from sportsbook promos.

Published on 19 Jan 2023

Sports Covered

You can find dozens of sportsbook bonuses that cover football, basketball, baseball, and hockey.

If you’re interested in horse racing or another sport not listed above, you’ll want to check the specific terms of your bonus to see if it includes your chosen sport.

Sportsbook bonuses are often unavailable for all sports (or even all games within a sport). It’s essential to read the terms carefully before signing up with a bookmaker to ensure they offer what you’re looking for.

Types of Bonuses

Welcome Offer

Welcome offers are a type of bonus that sportsbooks offer to new players. These bonuses can be a percentage match or an outright free bet, but they all have one thing in common: they’re available only to new customers who have never played at that specific bookmaker.

The welcome offer usually equals 100% of your initial deposit amount (i.e., if you deposit $100 into your account and there’s a 50% welcome bonus on offer, the site will credit you with another $50).

The thing is that these offers are only available for a limited time—usually around 30 days—and some sites only allow you to claim one per household/IP address/device ID or email address.

Reload Bonus

Reload bonuses are offered to players who have already deposited money into their accounts. 

It is a bonus given to players who have deposited a certain amount of money into their account, usually around the same amount they deposited previously. The bonus will normally be in the form of free bets.

Refer-a-Friend Bonus

Refer-a-Friend Bonuses are a great way to earn more money from your sportsbook. The process is very simple:

  • First, you will have to develop an account with the bookmaker of your choice.
  • Then, you will have to invite friends and family members interested in betting on sports events or casino games to join this bookmaker’s sign-up page using your unique referral link (the same one provided by the site).
  • After that, once your friend signs up for an account and makes his first deposit with one of these sites (usually between $20-$200), he will receive a bonus or free bet according to their terms and conditions!

Free Bet Bonus

A free bet bonus is a bonus that allows you to place bets on any sportsbook event without having to deposit money. Online sportsbooks usually offer it as a promotional offer or to attract new customers.

However, the offer isn’t available for all sports and events; the most common ones are football (soccer), horse racing, tennis, and cricket matches.

Our partner Cyber.bet provides its clients with an exclusive bonus, so you can claim on free bets pretty simple!

Deposit Method Bonus

Sportsbooks offer deposit bonuses to reward players who deposit funds using specific payment methods.

For instance, a site may offer a bonus of 100% up to $200 on all deposits made via Visa or MasterCard.

If you have one of these cards, you would be eligible for this bonus and could receive an extra $200 in your account if you deposited $100 using your Visa or MasterCard.

Deposit bonuses can be claimed after a player makes a deposit, and they often come as free bets. These bets typically expire 30 days after they are credited to your account (or another time frame, depending on the sportsbook).

Deposit bonuses can be used on any wager the bookmaker offers: Moneyline or spread betting, futures betting, parlays, teasers, and more.

But first, ensure you find a reliable betting platform, which is the key to your success. 

Free Betting Review recommends VOdds with an excellent opportunity to claim an exclusive bonus on any upcoming sports events on the platform. You can get an extra bonus of 25% up to £/€/$ 100/¥ 500 of your initial deposit once the turnover requirement is met.

VIP/Loyalty Program Bonus

VIP programs are great for sportsbooks to reward their most loyal customers. These programs are usually tiered, with each tier offering more rewards than the previous one. The most common tiers are bronze, silver, and gold.

The benefits of each tier vary but typically include the following:

  • Better odds on your bets
  • Exclusive offers and bonuses only for VIPs
  • Access to VIP betting lines before the public

Player Props for New Players Bonus

A player prop is a type of bet that allows you to predict how many points a certain player will score in their next game.

When placing a player prop bet, you aren’t just betting on the game’s actual outcome but also on how many points a specific player will score.

A good example is if John Jones was playing basketball and going up against David Doe.

If you want to place a more traditional bet and say that John Jones will win the game, there’s no way for him to do so without scoring at least 10 points.

Instead of betting on whether or not he wins, why not just make it easier on yourself by betting on how many points he’ll score?

The benefits for new players are obvious—since these types of bets are still very new in sports gambling, most bookmakers offer bonuses when first starting with them.

How to Claim a Sportsbook Bonus?

  • You can explore how simple it is to claim your sportsbook bonus. The process for claiming a sportsbook bonus is the same across all online bookmakers and varies slightly between each.
  • You will see a section called “Bonuses & Promotions,” which lists all promotional offers available to new customers. Find the offer that suits you best and click on it before entering all required details requested, such as name, address, etc.

As long as your account is verified (usually done through email), then all it takes is one quick login into your account, and boom! You’ve already claimed your bonus.

Rollover Requirements or Terms and Conditions for Claiming Sportsbook Bonuses?

Rollover requirements or terms and conditions for claiming sportsbook bonuses are the amount of money you need to wager before withdrawing your bonus and free bet.

For example, if a sportsbook bonus is $20, the rollover requirement is usually 20x.

This means that if you want to withdraw your bonus and free bet after winning $100, you must make bets totaling $2000 (200% of the initial deposit value). If you fail to meet this requirement in time, your winnings will be forfeited.

It’s important to note that bonus offers are a great way to get started in sports betting.

But before you dive into any bonus offer, make sure you understand the terms and conditions of the bonus. Also, be sure to know what the rollover requirements are for your deposit method bonus.

Finally, if a sportsbook has a VIP/loyalty program, take some time to peruse it so that you can use it as effectively as possible (i.e., find out how often points are awarded).

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