As anyone familiar with the industry is aware, Nevada is synonymous with sports betting and has been for a very long time. For decades, visiting a land-based sportsbook in Las Vegas wasn't only the most popular way to wager on sports, it was one of the only ways.
But times have changed, and Nevada residents (along with those in many other states) have the option of placing sports bets online, rather than in person. Not only can prospective bettors can wager from a location of their choice, but this also offers the opportunity to take advantage of Nevada sports betting bonuses that are only available when online.
There is plenty of competition among online sportsbooks in Nevada, so these sites roll out the red carpet for new customers with the hope of incentivizing players to sign up and be active on their site, as opposed to a competitor.
These welcome bonuses vary in what they offer from site to site, but all are generous in their own way and don't just benefit the sportsbook. The fact is that new players are given the chance to turn an immediate profit thanks to these bonuses, and understanding what each type of bonus has to offer will help bettors get the most out of their money.
Nevada Sports Betting Bonus Codes
Bonus codes are oftentimes are what many betting sites use to hand out a welcome bonus to new players. The code itself is an assortment of letters and numbers that can be entered during the registration process to unlock the bonus offered by a given site.
Using NV sports betting bonus codes ensures you'll get the most for your investment when signing up for an online sportsbook.
NV Sports Betting Promo Codes
There may be times when you may come across an NV online sportsbook asking for a promo code as opposed to a bonus code. Rest assured knowing these mean the exact same thing, with the only difference being the words that some sites use to describe their code.
Keep in mind that not all sports betting bonuses require codes, as some bonuses can be claimed just by signing up after clicking one of the 'Get Bonus' links next to the sportsbook of your choice on one of our market pages.
No Deposit Bonus
A no deposit bonus is exactly what the name suggests: a welcome bonus that doesn't involve investing in the site. All that is required is registering with a sportsbook that offers one and once the registration process is complete, the bonus will be awarded to the newly-created account.
A Nevada sports betting no deposit bonus is awarded in site credit and even though it is usually not for a very large amount, it's a great opportunity to earn profits without spending a dime of your hard-earned money. It also offers the chance to experience the site for free before deciding to commit for the long haul.
One example would be DraftKings, which gives away a $25 no deposit bonus as part of its welcome offer. This means that bettors have $25 in site credit to work with as soon as the registration process is complete.
Are No Deposit Bonuses Free Money For Sports Betting?
Yes, an NV no deposit bonus is the closest thing to free money that a bettor is going to find when signing up for an online sportsbook.
The site credit offered with this bonus is not exactly like cash because it can't be immediately withdrawn, but it can be used to fund wagers and win profits. It should be noted that the site credit offered as part of the bonus is not returned to the bettor, only the winnings from any wager it is used to fund.
Nevada Sports Betting Risk-Free Bet
Risk-bonus bets are pretty popular welcome offers these days and essentially, they are insurance for a lost wager. Sportsbooks that offer a risk-bonus bet to new players will provide a refund to the bettor if their very first wager on the site loses, up to a certain amount.
It minimizes the risk for the bettor right off the bat, since they know from the start that their currency won't be completely gone in the event of a lost wager, and there will be a second chance to win profits with the site credit awarded as part of the Nevada sports betting risk-bonus bet.
There are instances where sportsbooks offer promotions that involve risk-free wagers for existing customers, although these are popular welcome bonuses for new players.
How Does A Risk-Free Bet Work?
At sportsbooks that offer it, a risk-bonus bet can be obtained after signing up, making a deposit, and placing your very first wager. In the event that the first wager is a loss, the risk-bonus bet will be awarded to the account.
For example, let's say a sportsbook offers a $500 risk-bonus bet as part of its welcome bonus. This means that the very first bet placed will be refunded up to $500 if it winds up in a loss. If the losing wager is for $100, the player will be awarded $100 in site credit.
Whatever the amount of the first wager, the site will refund in site credit, up to the amount offered in the bonus. If that initial bet on the site wins, there is no site credit awarded.
Nevada Sportsbook Deposit Bonus
Deposit bonuses also referred to as deposit match bonuses or first deposit bonuses are exactly what the names suggest. These are bonuses that are awarded when you make a deposit into your new sportsbook account.
Nevada sportsbook first deposit bonuses involve the site matching your initial investment a certain percentage of the way. Some sportsbooks may only match a certain percentage, while others will match it 100 percent of the way. Each site is different, so be sure to check the terms and conditions.
For example, a site offering a 100 percent match will essentially double the amount of eligible currency you have to wager with. A $250 deposit will result in the player being awarded an additional $250 in site credit. A $500 deposit will give you $1,000 in total site currency, counting the $500 awarded by the site upon your first deposit.
Are Deposit Bonuses Worth It?
Sportsbook deposit bonuses aren't exactly free money, but they are the next best thing and are worth receiving anytime you can. These bonuses ensure you get the most usable currency for your deposit and can go a long way toward helping players build a profit from the very beginning.
Signup Bonus - How Does It Work?
In most states with legal online sports betting, players can register and wager from any location inside state lines, which means the entire process can be done via a mobile device.
In the Silver State, however, prospective bettors need to complete the registration process in person before wagering from a location of their convenience. You don't need to be a resident of Nevada, but you do need to physically be located inside the state at the time of wagering.
When you do visit a land-based location to register for a sportsbook account, you will be required to provide some personal information including (but maybe not limited to) the following:
- Full Name
- Home Address
- E-mail Address
- Mobile Phone Number
- Date Of Birth
- Social Security Number (last four digits)
- Banking Information
The entire process takes about 15 minutes, and you only need to show up in-person once. After, you can fund your account using your preferred deposit method and place bets from anywhere in Nevada.
Sportsbook Wagering Requirements
Each bonus comes with wagering requirements, also called rollover requirements or playthrough requirements. The rollover requirement is basically how much you have to wager before you can withdraw winnings from the bonus.
If receiving a no deposit bonus or a risk-bonus bet, there is little to worry about here. You can wager the site credit once at most sportsbooks, and whatever you win will be immediately available to be taken out if you wish. The original site credit will not be returned to your account, so any profits are withdrawable cash.
Sportsbooks have different ways of awarding the first deposit bonus and enforcing the wagering requirement, and the method varies from site to site, which we'll get into more below. For these reasons, be sure to check the terms and conditions for the site you are signing up for.
EXAMPLE 1: At some online sportsbooks, the site credit awarded to a new player from a first deposit bonus is the first bit of currency used when wagers are placed, before the money you deposited. In these cases, all funds become eligible for withdrawal once the wagering requirement is met.
Please keep in mind that for wagers placed with site credit, winnings will be returned to your account but the original wager amount will not.
EXAMPLE 2: Some sportsbooks do things a bit differently and use the player's deposited funds as the initial currency when wagers are first placed. In these cases, the wagering requirement must be met for the bonus money to be eligible for withdrawal.
The lower the requirement, the quicker funds are eligible for withdrawal. The exact amount varies between sites but most operators have between a 1x and 25x wagering requirement.
Other Sportsbook Bonuses
Sportsbook Free Bets
Free bets will usually have strings attached and are different from the no-deposit and deposit bonuses. These bets are also largely offered to new customers. The sportsbook may award you free bonus money in addition to matching your deposit. Usually, you will at least have to deposit the minimum amount to enjoy this promo.
Sports Betting Reload Bonuses
Another bonus that players may come across is a reload bonus, which works the exact same way as a deposit match. This involves the sportsbook matching your investment up to a certain amount in site credit, giving you more funds to wager with than what you choose to deposit.
The difference between a first deposit bonus and a reload bonus is that the former is for new players and the latter is for existing players. In most cases, these matches won't be for 100 percent of the investment as we see with the first deposit bonus, but it's still a great way to obtain some extra currency to use on sports betting.