Legal online sports betting continues to grow rapidly across the country, and multiple states on the outside are making legislative pushes to join the industry every year. While the exact laws surrounding wagering are different in each state, some things remain the same in all places.
One such constant is that regardless of where you're betting, sportsbooks provide incentives to get players to sign up and remain active on the site. This is done by offering welcome bonuses and promotions to both new and existing players.
There are several types of bonuses that a bettor can receive, but each is generous in its own way and offers something different to the player.
Here, we're going to explain in detail how each type of bonus works so bettors know exactly what they're getting into based on the offer presented by the site they choose.
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Now, let's focus first on the initial welcome gift received when creating a new account. Sports betting bonus offers are incredibly important for both the operator and the bettor.
For the site offering them, the bonus is a way of pulling in new customers. The offer needs to be attractive to entice bettors to sign up and be active on the site from the very beginning. This sets the stage for customer experience and can even incentivize staying active on the site even after the initial welcome bonus is gone.
For the player, sportsbook welcome bonuses can go a long way toward getting the wagering journey started the right way. Whether it's a no deposit bonus, a first deposit bonus, or a risk-free bet, this offer sets bettors for success and gives them a chance at some instant profits.
There are a couple of ways to take advantage of these signup offers. One route that many take is simply visiting our state-sponsored sportsbook pages and clicking the 'Get Bonus' link next to the betting site of choice. The other is by typing in a sports betting bonus code (or promo code) during the registration process.
Before it leads to any confusion, let's briefly discuss the difference between sports betting bonus codes and promo codes. In this industry, the two terms actually mean the same thing when it comes to signing up for legal online sportsbooks.
The exact verbiage depends on the operator, so it's possible to come across both. Some US online sportsbooks refer to the code as a promo code or a promotional code, while others refer to it as a bonus code. Don't be alarmed if you see the exact wording one way or the other, just know that they will help you qualify for sportsbook welcome offers.
It's also important to keep in mind that if you click one of our BonusSeeker links to begin your registration process, you do not need to type in any code at all. It's an either/or situation when creating an account and you only need a promo/bonus code or a link redirect in order to trigger your welcome offer.
The first offer you may come across is a sportsbook no deposit bonus, which in reality is exactly what it sounds like. This is a bonus that new players receive without needing to make any deposit into their new account, and it's undoubtedly a favorite among bettors.
After signing up with sports betting no deposit bonus codes, the reward normally ranges from $10 to $50 depending on the site. Even though the amounts aren't incredibly high, this is the closest that bettors will come to free money while signing up for a betting account.
It should be noted that the amount of a no deposit bonus isn't returned to the account after it is used. If the no deposit bonus bet leads to a successful wager, only the winnings will be added to the account.
After completing the registration process, the no deposit bonus is triggered and will be added to the account balance. From there, the bettor can wager on a huge range of sports and leagues, allowing for the chance to get familiar with the sportsbook free of charge.
There aren't many sites that offer sports betting no deposit bonus codes, which makes signing up at one of these places even more special. At Unibet Sportsbook, new players can get $20 completely free, just for signing up! In fact, you don't even need a bonus code for this one. You just need to click on this link!
First deposit bonuses, also referred to as deposit match bonuses, may very well be the best type of bonus to receive if you're a new player. The usage of sports betting first deposit bonus codes leads to immediate rewards and offers the chance to explore multiple areas of the site without the player needing to spend a dime of their own money.
The bonus involves the sportsbook matching the bettor's original deposit in site credit up to a certain amount, immediately increasing the funds of the new player.
After signing up and making an initial deposit, this reward is triggered and the invested funds plus those of the bonus will appear in the account. Many sites with this type of bonus offer a 100 percent deposit match, doubling the amount you have to spend right off the bat. This presents several opportunities to create profits before having to dig deep into your own pocket.
There are multiple ways that this can be awarded, as some sites add the bonus directly to your account balance and others award the bonus in site credit. When site credit is used to place a bet, only winnings that result from the wager are added to the account.
It should also be kept in mind that depending on the site, there could be wagering requirements that need to be completed before winnings won from a deposit match bonus can be withdrawn. For this reason, check the terms and conditions before signing up.
There are several sites known for being first deposit bonus sportsbooks, and each has a slightly different offer that is attractive in its own way even if they are slightly different. These offers sometimes come with bonus codes.
At BetRivers and SugarHouse, for example, the bettor can have their deposit matched the entire way up to $250, and has the lowest wagering requirement possible. This means winnings from the bonus can be withdrawn much sooner than at other sites. BetRivers actually offers a different bonus code depending on the state: SEEKER (For IA, IL, MI, VA), SEEKER250 (For CO, IN), SEEKERPA (For PA). And if you are in New Jersey, you can signup to SugarHouse Sportsbook using bonus code "SEEKER".
The usage of risk-free sports betting bonuses is becoming increasingly popular, so more and more bettors are now familiar with this welcome offer.
Similar to the no deposit bonus, this one is exactly what it sounds like, and involves the sportsbook mitigating the risk for the player. In most cases, this covers the very first bet placed on the sportsbook platform.
After completing the signup process and making an initial deposit, the risk-free bet reward is triggered and eligible. If the bettor's initial wager placed on the site winds up in a loss, the sportsbook will reimburse the customer up to a certain amount, ensuring they live to bet another day.
This gives the bettor every reason to take a shot at a huge payout with their very first bet on the site. The worst-case scenario is being reimbursed the amount of the original stake.
Risk-free bet rewards can be handed out as one large free bet matching the amount of the original wager, or perhaps it can be broken down into several wagers. This depends on the site. Any winnings won with a risk-free bet are also subject to wagering requirements, which is another great reason to read any terms and conditions.
The risk-free bet is not received if that initial wager is a win.
Many of the biggest names in sports betting offer risk-free sports betting bonuses, and at times, these welcome offers come with a bonus code. The offers also vary in amount .
At PointsBet Sportsbook, bettors are actually offered a pair of risk-free bets that add up to $2,000 in total! This offer is obtained by using code "CLAIMBONUS". The platform offers a $500 risk-free bet for your first fixed odds wager in addition to another risk-free bet worth $1,500 for its innovative and exclusive PointsBetting platform!
In addition to the three main types of welcome bonuses, there are other promotional opportunities that are available on sportsbook platforms. Because these are available to existing players, these are promotions that don't involve the initial registration process.
Another popular bonus for existing players is a reload bonus. Sadly, there are times when a bettor loses the funds in their account and needs to replenish the bankroll. When reload bonuses are available, the bettor gains access to the funds they deposit, and then some.
Sportsbook reload bonuses work the same way a first deposit bonus does, with the site matching the investment up to a certain amount. These bonuses usually are not 100 percent matches, but they do provide the customer with additional funds to play with.
FanDuel frequently offers existing players reload bonuses and they usually involve a 50 percent match up to $150, which means the deposit actually ends with $225 in the account.
Referral bonuses are awarded when an existing player recommends the sportsbook to another person who winds up creating a new account and making an initial deposit.
The site will often provide players with a referral link that the new signup can use, which will trigger the bonus for the existing player. The exact reward depends on the site but for example, DraftKings is known to offer its customers a $100 free bet in exchange for someone signing up and depositing at least $200 into a new account.
Sportsbook free bets are not only extremely common on many betting platforms, but they're a fan favorite as well. And why wouldn't they be? Everyone loves free money, which is essentially what free bets are.
These bets make it possible to place bets and potentially earn profits without having to risk any of your own site funds, and they can be awarded in a number of ways.
They are sometimes awarded as part of a welcome offer, which is essentially a no deposit bonus. But more commonly, they are given to existing customers as part of a promotion.
This can include a Bet & Get, which awards players with a free bet if they wager on a certain sport or game (depending on the exact promo). They are also awarded for the completion of a specific mission that the sportsbook tasks the player with. For example, a sportsbook may offer you a $10 free bet if you place a certain number of wagers within a time frame of the site's choosing.
There are even times when free bets are handed out for no reason at all other than to keep the bettor active on the sportsbook. This usually occurs leading up to a major sporting event such as the Super Bowl or March Madness, or the start of a new season.
When a site has a technical issue or is late returning a player's inquiry to customer service, the site could respond with a free bet offer as a token of appreciation for sticking with the site.