Best Betting Bonuses
Understanding Common Sportsbook Bonus Terms
Before we dive into the specifics of what to look for in a bookmaker bonus, let’s review some common sportsbook bonus terms. These terms are essential to understand, as they can vary from bookmaker to bookmaker and can affect your overall experience.
One account per user/IP is allowed: This term is pretty self-explanatory. You cannot open more than one account with the same sportsbook to claim a bonus.
Wagering Requirements: Wagering requirements are the number of times you must roll over your deposit and bonus before you can withdraw your winnings. Most sportsbooks require you to roll over your bonus amount between 5x and 20x. Additionally, you may need to roll over your initial deposit once before you can request a payout.
Minimum Odds & Selections: The minimum odds and selections requirement varies from bookmaker to bookmaker. Most sportsbooks require that each market you choose for your bet should be above a predetermined value, typically between 1.50 and 2.00. Additionally, you should include between 1-3 selections on your betslip.
Minimum Deposit: Before claiming an offer, you need to make a qualifying deposit first. This can be as low as €/£5 or €/£10, while some welcome offers might start at €/£1.
Accepted and Restricted Payment Methods: Some betting sites have restricted wallets, such as Skrill and Neteller, from claiming promotions. Most sportsbooks will credit the welcome bonus if you deposit with a credit/debit card or PayPal.
Max Winnings: Some bookmakers will have a capped withdrawable winnings limit, meaning that regardless of how much you win, you will only be able to withdraw up to a certain amount.
Expiration Date: Keep an eye on the date that your sports betting bonus expires. This can usually be between 7 to 30 days. In some cases, though, the time frame can be as low as 3 days.
Max Stake per Bet: The maximum amount you can bet on each market or betslip might be capped. This applies to discourage bonus hunters and arbitrage bettors. Most of the time, it is 50% of the bonus amount. Also, many bookmakers have a limit on maximum odds, typically around 3.50.
Country Restrictions: Sign-up bonuses are not available worldwide. Always consult the terms and conditions to see the list of restricted countries.
Bonus Code Available: In some cases, you have to manually enter a code, such as “OddsHome“, on the deposit page, so your bankroll will be enhanced.
KYC Documents: More Than Just ID and Utility Bill
Before you can cash out your winnings, most sportsbooks will require you to verify your account by providing KYC (Know Your Customer) documents. While the standard ID and utility bill are typically enough, some bookies may ask for additional documents such as a selfie holding your ID and a bank statement.
It’s important to be aware of these requirements and have the necessary documents ready to avoid delays in receiving your payout.
Return Deposit in Case of Terms Violation
Bookmakers are increasingly cracking down on abusers for their bonus offers. If you claim a deposit bonus and violate the terms and conditions, your account may be closed and your deposit returned. Make sure to carefully read and understand the terms of any bonus offer before accepting it, to avoid any unintentional violations.
One-Time-Only Rule: Claiming an Offer Multiple Times
Most promotions come with a one-time-only rule, meaning you can only claim a particular welcome bonus once. Attempting to use the same bonus offer multiple times can result in the cancellation of your account or other penalties. Be sure to read the terms and conditions carefully to avoid this costly mistake.
Withdrawing Before Rollover: Understanding the Consequences
If you attempt to withdraw your funds before completing the required wagering, your bonus may be cancelled. Most bookmakers will warn you of this rule before you attempt to withdraw, but it’s still important to understand the consequences of withdrawing too soon.
Whose Money is Wagered First: Deposits or Bonus Funds?
Another important issue to consider when accepting a bookmaker bonus offer is which funds are wagered first. Typically, bonus funds are subject to more restrictions than your own deposit, so it’s important to understand how your bookmaker handles the order of funds wagered.
Some bookies will consider your bankroll as a whole, so be sure to check the terms and conditions or contact customer support if you’re unsure.
How to Claim a Sports Betting Bonus
Claiming a sports betting bonus is a straightforward process. First, you need to sign up with your preferred sportsbook. Then, browse through the promotions page and select the bonus that suits you best. Most sportsbooks offer a variety of bonuses, including welcome bonuses, free bets, and matched deposit bonuses.
Once you’ve chosen your bonus, deposit the required amount and enter any necessary codes. Your bankroll will be credited with the bonus funds in no time. Keep in mind that some bonuses may have wagering requirements, which means you’ll need to bet a certain amount before you can withdraw any winnings.
Best Online Sportsbook Bonuses
It can be difficult to determine which sportsbook bonuses are worth your time and money. That’s why we’ve compiled a list of the best online sportsbook bonuses with fair requirements, from reputable bookmakers. Check out our table above to compare the top offers and find the one that suits you best.
Can You Withdraw Funds from a Welcome Deposit Bonus?
Yes, you can withdraw funds from a welcome deposit bonus as long as you’ve completed the required rollover. Every welcome deposit bonus has a certain wagering requirement, which means you’ll need to bet a certain amount before you can withdraw any winnings. Be sure to read the terms and conditions carefully before claiming a bonus to avoid any surprises.
Is a Matched Betting Bonus Worth It?
Match betting bonuses are a great way to boost your bankroll and improve your chances of winning. They typically have a low minimum deposit and reasonable requirements, making them an attractive option for both beginners and experienced bettors.