Sports Betting Bonuses & Guide
Whenever someone asks who the “greatest player of all time” is, there’s always that guy who follows the initial question up with another flurry of questions, immediately putting ‘best’ in scare quotes. The same can be said for “best betting bonuses.” What really makes the best bonus? The bonus that best serves a die-hard fan, looking to place a bet on their favorite team, is different than the bonus a that best serves a ‘sharp’ bettor. Despite this, both types of bettors are looking to maximize their respective first deposits bonuses, albeit with different overall goals in mind.
Any definition of the ‘best,’ regardless of the context, is wholly subjective; for our purposes, it’s especially relevant in the realm of picking the best sports betting bonuses. Our top picks for the sportsbooks that offer the best sports betting sign-up weight the maximum attainable bonus amount, site reputation, and bonus clearing requirements; we’re confident that our picks for the best bonuses are just about as unanimous as picking Wayne Gretzky as the greatest hockey player to ever live. We’ve certainly done our research!
Digging into Bonus Specifics
Our number one pick ensures you receive a solid welcome bonus to bet on sports with; we consider it the cream of the crop. That being said, if you want to do your own careful research or want to know more about how to get the most you can out of your sports betting bonus, we break down all the options for you in this comprehensive guide.
To figure out what bonus is going to work for you, you’ve got to nail down exactly what that word that word means to you; factor in your unique sports betting goals, your desired type of bets, your favorite leagues to bet on, and a whole host of other equally important factors. Nearly every site you go to is going to offer some sports betting bonus enticing you to either sign-up or stay on; their structures and operational aspects vary from sports betting site to sports betting site.
One way to ensure you’re getting the best sign-up bonus from a sports betting site is to sign up through SportsBettingDime.com, and also to read our in-depth article that explains different bonuses, just to make sure you’re up to speed on bonus and promotional terminology and definitions. Instead of having to sort through a mishmash of a sportsbook’s site information on Reddit or in the recesses of the help section on a sportsbook’s website, we have our experts provide a comprehensive guide to point you in the right direction.
These nuances are important, but there’s no question that the bonus or promotional section is where sports betting sites often turn to lure in prospective customers. Some promotional bonuses target experienced bettors, some target brand new bettors, some target high-volume bettors; all offer unique value. If you have definitively decided to use a particular sportsbook, it is advisable to search for lifetime value in their bonus structures on top of their welcome bonuses.
Targeting Deposit Bonuses and Promotions
The most common type of sportsbook bonus is without a doubt the deposit bonus, your best shot at getting a big bonus. As we explain in our guide, these bonuses match your deposit amount, usually by a percentage between 50-100%, capped at a specific dollar amount. Reviewing these types of bonuses with precision is an excellent way to introduce yourself to the different types of payment methods, currencies, payout speeds, and whether they meet what you’re looking for in a sports betting site.
If you’re looking to start out big, there are some sites with huge deposit bonuses but higher rollovers, and for those still hesitant to dive in there are many sites that offer lower bonuses, with less rollover; it all depends on what you want your sports betting site to do for you. On the same note, some sites place time restrictions on your bonus, with many bonuses expiring in under a month. If you’re looking to take your time and methodically place bets with your bonus money, make sure you do your research first, looking at our list of recommended betting sites, which includes details on the bonuses offered by each site. Which deposit bonus is ‘best,’ again, depends on you.
Targeting Free Bet Bonuses and Promotions
On the other end of the spectrum from big deposit bonuses are minimum deposit bonuses and no deposit bet bonuses, which either offer you free bets, matching bets or cash back bets. If you’re unfamiliar with these kinds of bonuses, we explain them in detail in our guide. The commonality among these types of bonuses is that they allow to a new bettor to either minimize their risk or bet with house money entirely. If you’re not willing to break the bank out of the gate or become an overnight millionaire (not recommended, unless you bet against the Washington Capitals making it out of the second round), then this might be the right bonus to target.
As always, make sure you read and understand the terms and conditions because these bonuses are not without their specific stipulations. Respective of any limitations, these bonuses offer you a way to familiarize yourself with sportsbooks, and to learn the different nuances and subtleties of a particular sports betting site. As we said before, with these types of free betting bonuses, you can essentially multiply your potential payout without changing the risk or the underlying probability.
Targeting Creative and Off-Beat Bonuses
Another type of bonus that you can focus on is original and irreverent bonuses, often offered by some of the cheekier sports betting sites. These can include standard price bets, accumulators, live-bet bonuses, mobile bonuses, amongst a ton of other variations that can morph every day depending on the particular sportsbook. Some sportsbooks focus intensively on creating and offering these types of interesting and provocative sign-up bonuses, while some sportsbooks (often the more established names in the industry) do not spend a ton of time curating their selection of clever bets. If you’re looking at making a low percentage bet with the chance of a massive payout, or if you’re placing a bet with some office or fraternity buddies and aren’t necessarily comparing which books are going to give you an extra half point on the spread, this type of bonus is certainly enticing. Not everyone is looking to bite their nails in the 3rd period to make sure Chicago adds an empty netter to secure the spread, some just want to place a 7-fold parlay bet with a chance of a mammoth payout.
Another thing to keep in mind is that sports betting sites usually offer bonuses on the leagues or sports that they presently associate with, be it the big American Leagues like the NFL and NBA, or niche sports like Australian Racing and Greyhound racing. If there’s a particular league you’re thinking of placing the majority of your bets on the chances are if there’s a bonus available for it; a sportsbook that specializes in a particular league will likely offer a broad range of similarly creative bets on that same league.
What kind of Sports Bettor Are You?
If you know what you’re searching for with the word ‘best,’ then things start to get a bit easier. Not many people are going to give you a hard time for arguing that the heaviness of Al Mcinnis’ slapshot remains unparalleled, or that Steph Curry is unequivocally the best three-point shooter of all time. If you’re looking to make a huge bet to start an illustrious sports betting career, few will argue you should be going after a big deposit bonus. We might not be able to help you solve the debate of Lebron vs. Jordan, but hopefully, we can help you start to ask yourself the right questions about which bonus and promotional offers are most suitable for you and your goals. Using our guide to the best sportsbooks and how bonuses work is a good start, and always make sure to examine the fine print of whatever sports betting site you land on!