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Sportsbooks offer a variety of bonuses hoping to get new bettors and keep existing ones betting. They know that getting you started is the hardest part, so they want to make your first experience as easy and profitable as possible.
Before we delve into these bonuses in-depth, let’s talk about what goes into offering them in the first place. First and foremost, there is money in it for the sportsbook: more bets equal more profits (or losses). Of course, they can’t just give you money willy-nilly because everyone would be cashing in; instead, they give you something for free with your deposit. This way, when you go home without any winnings (which happens often), they still come out ahead.
Now that you’ve deposited money into your sportsbook account, what comes next? The rollover. A rollover is the number of times you have to bet before you are allowed to withdraw any winnings. This is something that varies from one sportsbook to the next; some require only a rollover on bonuses while others may require it for every deposit no matter how small or large. How high of a number this also depends on which site you choose to wager with. Some will be lower than others – no questions asked.
You may have already done your homework and know precisely what type of bookmaker would best suit your needs, but let’s say you’re still undecided about where to your bets. Why not look into the bonuses they have to offer? There are three types of bonuses that you can go for from a sportsbook: deposit, referral, and signup. Whichever one(s) you decide to go for will be up to your personal preference.
Every sportsbook is going to vary in how they choose to implement their bonus policy; some may limit what you can do with it (how much you can bet), while others make no such limitations. Here we’ll talk about what each type of bonus entails and exactly what limits or restrictions (if any) accompany them.
Deposit Bonuses
The best thing about these types of bonuses is that they require very little effort on your end. All you need to do is make a deposit and the sportsbook will match your deposit up to a certain dollar value. This is essentially free money that can be used for placing wagers. Just keep in mind that there might be certain requirements you have to meet in order to receive this bonus (such as rollover requirement(s) or how much time it takes until you’re allowed to cash out).
Referral Bonuses
A referral bonus is typically given when one of your friends signs up with the bookmaker you chose and deposits some money into their account. Usually, they’ll match his/her deposit up to $100, but only if he/she has never had an account with them before. The best part about this type of bonus is if your friend ends up winning some money, you get a percentage of it. This is an excellent way to make some extra cash if your friends are the betting types or even just interested in trying out sportsbooks.
Signup Bonuses
Signup bonuses are usually given on certain days of the year (such as Black Friday) and will require that you deposit more than $400 into your account. Once you deposit this amount within 24 hours, you’ll be eligible for their signup bonus (usually around 20%). Of course, this is only one example; different sportsbooks offer various amounts on different days of the year (to increase traffic). They also may require certain rollovers before allowing withdrawals, which vary from site to site.
As evident by now, there are plenty of different types to go for when it comes to sportsbook bonuses. If you’re unsure about where to start, then perhaps the safest bet would be a signup bonus because it’s usually higher in amount and doesn’t require anything beyond making an initial deposit. On the other hand, if you’re already well-established at a particular site, then a referral bonus would be your best bet, for example Joocasino BET bonus. Remember, each site will have different requirements for these bonuses, so it’s important that you read the fine print before signing up with anyone. Good luck!
