Competition in the online sports betting industry has never been higher than it is right now. Betting websites around the world are looking for new ways to stand out and bonuses are some of the best ways to achieve that goal. Today, our experts will offer the ultimate guide to some of the best sportsbook bonuses.
A huge variety of unique online sportsbook promotions exist today. Some are known to be better than others. We’ll explain all of these different promotions and break down some of the best sites offering them today.
Here’s what you need to know.
Best Online Sportsbooks Offering Bonuses Right Now
By now, some readers may be itching to join an online sportsbook and begin placing bets. First, these readers will need to join a betting site. There are a huge number of them operating today and some are known to be far better than others.
There are many important features that everyone needs to look for before joining any online sportsbook. That includes a safe payment system, solid design, and a wide range of betting odds. We tend to recommend the sites that offer the best online sportsbook promotions, too.
Our experts have taken a look at nearly all of the online sports operating today. We’ve also narrowed down which betting sites are offering the best online sportsbook promotions and sign-up bonuses. Check them out below!
Bovada sportsbook has long been the most popular online sportsbook in the United States. Since launching in 2011, it has generated millions of users across the country. Bovada’s welcome bonus won’t exactly blow anyone’s mind, yet it comes with some very favorable terms and conditions.
The welcome bonus at Bovada is a 75% Bitcoin bonus up to $750. As the name suggests, this bonus can only be earned by depositing with a cryptocurrency including Bitcoin, Litecoin, Bitcoin Cash, or Bitcoin SV Deposit. It can be utilized just once and is only eligible for use in the site’s Sportsbook, Racebook, and Casino.
The 5x rollover requirement for this bonus is one of the lowest you will find. Bovada is a fantastic online sportsbook and the bonus here helps new members add some major funds on top of their first deposit. Give this site a look today to see why it remains the most popular US online sportsbook currently operating.
BetOnline is another very well-known online sportsbook around the world, including the US. Not long ago, the site went through a major design overhaul and now features one of the sleekest, most modern user interfaces of any betting site operating today. Fortunately, BetOnline kept the incredible online sportsbook promotions that made it so popular to begin with including their amazing sign-up bonus.
The welcome bonus here is a 50% welcome bonus up to $1,000. This is easy to utilize and instantly adds funds on top of your first deposit. This is just one of the many incredible online sportsbook promotions being offered here right now.
Existing members love taking advantage of the 25% sports reload bonus that is available. This comes with a minimum deposit of $50. It’s one of the easiest ways to add funds into your account with nearly no terms and conditions attached. BetOnline is great everywhere and has one of the largest collections of sports betting odds you will come across.
MyBookie is still fairly new to the online sports betting scene. You wouldn’t know it by looking at this site and its number of users. It has developed a great reputation over the years thanks to its great odds and sleek design. As you might expect, MyBookie also provides its members with some of the best sportsbook welcome bonus offers available today.
This one is a 100% first-deposit bonus up to $1,000. It has a minimum deposit requirement of $50 and comes with, you guessed it, a 10x rollover requirement. This comes as a “free play” bonus, meaning it can be used to bet on any sport, at any time!
This is far from the only great online sports betting promotion being offered at MyBookie. Many members also love the massive variety of daily bonuses being offered here. That includes a “Weekday Reload Bonus,” “Rebate Special Mondays,” and “Raffle Thursdays.” MyBookie excels just about everywhere and has one of the most unique collections of betting promotions available today.
Common Types of Online Sportsbook Promotions
So now you know a little bit more about promotions and the terms and conditions they come with. Great! You may begin to notice that there is a wide variety of sportsbook bonus offers being offered today.
Some bonuses are more common than others. In fact, there are four that nearly every online sportsbook operating offers to their members.
Here’s what you need to know about each one.
Online Sportsbook Sign-Up Bonuses
Welcome bonuses are the most popular types of betting promotions being offered today. Many will argue that these are the best sportsbook promos available, too. That is an easy argument to make, as they provide the largest rewards to players.
Online sportsbooks want to reward their new members. As a result, they provide welcome bonuses that add money on top of these members’ first deposits. These can vary from 50%, 75%, and 100% bonuses. They can only be utilized once and often come with large rollover requirements.
Online Sportsbook Reload Bonuses
Reload bonuses are also a very popular choice with sports bettors. These work, in the same way, to welcome bonuses in that they add money into a player’s deposit. These, however, are meant for existing members of a site and can be utilized time after time.
Reload bonuses tend to be a little less lucrative than other promotions. They may help to add just a small amount of money on top of a deposit. They also come with lower rollover requirements.
Online Sportsbook Crypto Bonuses
Most online sportsbooks operating today will accept crypto payments for deposits and withdrawals. In fact, many of these sites encourage their members to utilize these payments. Many provide what are called crypto bonuses that offer special rewards simply for making deposits using cryptocurrencies.
These can be very lucrative with some even going up to a 250% bonus on a deposit. The specific types of cryptocurrencies that can be used for these online sportsbooks bonuses vary depending on the site. The most common are Bitcoin, Litecoin, and Ethereum.
Online Sportsbook VIP Bonuses
Last, but not least, are VIP bonuses. These are only available to “VIP” members of different online sports betting sites. That means players that have demonstrated a pattern of consistent deposits and betting.
These are likely the most lucrative of any bonus listed here. Incredibly, they sometimes come with low rollover requirements. Most online sportsbooks recognize that VIP players know the tricks and do not attempt to set massive requirements on their promotions. If you join a site and become a VIP member, look to take advantage of these unique promotional offers.
How to Choose the Best Sportsbook Bonus
Just a decade ago, only a few online sportsbooks were up and running. Oh, how the times have changed. It seems as if exciting new betting websites are launching every single month. Most of these betting platforms are fantastic, providing a huge range of great odds.
All of these betting sites provide at least some form of bonuses, too. These are basically just offers that sites give out to add money on top of what a player deposits into their account.
It’s important for these online sportsbooks to find ways to stand out and offering unique bonuses is one effective way to accomplish that goal.
This is easier than some might imagine. By following just a few basic steps, you can ensure that the bonuses you are interested in are actually worth utilizing! Check them out below.
Always Read the Terms and Conditions
Perhaps the most important thing before deciding to use any bonus is to read its terms and conditions. All too often, bettors jump into a promotion without realizing the terms it comes with. This can end up causing some major issues when these bettors are unable to withdraw their funds.
The terms and conditions will vary from one bonus to the next. Oftentimes, they come with what are known as rollover requirements. We’ll explain these more further down the page. The important thing is knowing exactly what each promotion will require before you decide to utilize them.
Check Out Reviews From Other Players
Oftentimes, the best way to learn more about a betting site bonus is to read what others are saying about it. Bettors love to share their experiences with different online sportsbooks. It should be easy to read about what others are saying about certain betting promotions being offered today.
Our team of experts also provides in-depth reviews for various online sports betting sites. In these reviews, we dive into the promotions being offered. Feel free to check our review page here to learn more about some of the best sportsbook bonuses currently available.
Look at the Rewards Being Offered
Every online sportsbook bonus is different. Some are more lucrative than others. It’s a great idea to keep an eye out for the bonuses that offer great rewards. For welcome bonuses, for example, look for one offering a 100% match on your first deposit.
The trick is not falling for the sportsbook bonuses that seem too good to be true. More often than not, that is exactly the case. Some of the promotions offering truly massive amounts of money will either be scams or come with massive rollover requirements that essentially make it impossible to ever withdraw your funds.
Following these three steps will almost guarantee that you find some fantastic betting site bonuses. As we already mentioned, nearly all of these promotions come with a set of terms and conditions. Here’s what you need to know about these rules.
What are Sportsbook Rollover Requirements?
Most online sports betting fans love to utilize great online sportsbook promotions. The trick is always to find ones that do not come with massive rollover requirements attached. As most experienced bettors are aware, these can cause some serious headaches when it comes to withdrawing your funds.
These are not as complicated as some might believe. Allow us to briefly explain what exactly rollover requirements are and why they can have a major impact on your betting experience.
How Rollover Requirements Work
Online sportsbooks are not in the business of giving money away without anything in return. On the surface, this appears to be the case with the bonuses they give to their members. It’s only when you take a look at the terms and conditions of these bonuses that you begin to realize why they are offered at all.
Rollover requirements are the key reason why these promotions are offered. These are conditions that come with each bonus offer. Essentially, they force bettors to wager a certain amount of money before they are able to withdraw any funds.
This is great news for betting websites. For example, let’s assume you come across a 100% welcome bonus up to $250 with a rollover requirement of 20x and decide to take full advantage by depositing $250 into your account and receiving an additional $250 from the site. Now, you will need to place $5,000 worth of bets before you can request a payout!
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Should I Avoid Online Sportsbook Promotions Due to Rollover Requirements?
This is a question that many bettors have been asking in recent years. The answer is: it depends. Every promotion has its own set of rollover requirements.
- Some are low and often worth taking advantage of due to the amount of money you can earn.
- Others are very high (like in the example above) and are better off avoiding altogether.
If you come across a 100% welcome bonus up to $1,000 with just a 5x rollover requirement, it may be worth utilizing. Generally speaking, the more popular online sportsbooks provide better bonuses to their members.
This will come down to a case-by-case basis. It is always your decision whether or not to utilize a promotion. If you love a betting site, yet do not enjoy the promotions being offered, simply opt-out of the ones being sent your way.
Online Sportsbook Bonuses FAQ
Take some time to see which types of online sports betting promotions best suit you.