Different players may be attracted to different types of sports bonuses, so to help you find the best one for you, let's go over the major types.
Welcome Bonus Offers
One of the most widespread online sportsbook bonuses is the welcome bonus offer, which basically gives you a portion of your initial deposit as a bonus. On some websites, you will have to type a bonus code to claim your welcome bonus, but on others, making your initial deposit is enough.
The most common way for sports betting platforms to give welcome offers is by giving a percentage of your first deposit as a bonus. For example, you can get 100% of your first deposit as a bonus, which means your deposit matches the bonus amount.
Remember that welcome bonuses are given once per player, but the amount you can get is quite higher than the number of bonuses for existing players.
Reload bonuses are similar to welcome bonus offers but can be obtained during your sports betting journey. Some betting companies offer reload bonuses on certain days, for example, Friday Reload Bonuses.
But, the structure is the same as in welcome offers, you get a percentage of your deposit as a bonus. In most cases, you will have to type a promo code to claim those deposit bonuses, which is important to keep in mind.
There are many types of free bet bonuses that you can get from online sports betting sites, like free bets for completing some tasks, and free bets for lost wagers. But, the idea of the rewarded free bet is that it allows you to place any sports wager for free.
Let's say you get a $10 free bet, which you can use to place a wager. If you win, you subtract 10 from your potential winnings and get everything else. Notice that free bets cannot be withdrawn.
Most online sportsbooks don't allow you to use your free bet bonus partially, so if you use half of it, you will lose the other half. However, free bet credits can be collected multiple times, so you can always take more and more.
Boosted odds, also known as an accumulator bonus, or enhanced odds bet bonus, are very useful bonus offers, which are available in almost any online sportsbook.
These bonuses give you better betting odds for placing accumulators. The more selections you add, the bigger the bonus. By that, you will get very competitive odds, which allows you to get a great reward for your initial wager.
Another commonly seen bonus that online sportsbooks offer for their players, are promo code bonuses, which require you to type any bonus code for rewards. In most cases, those bonuses don't need to be wagered, but it depends on the sportsbook you are part of.
No deposit sports betting bonus
One of the most attractive sportsbook bonuses for players is no deposit online sports betting bonuses. Those offers allow you to get free money without having to make a deposit first. Of course, no-deposit sports betting bonuses are less likely to give you a lot of funds, but sports bettors still enjoy getting promo funds for free.
Loyalty bonus Offers
If you are a member of a sportsbook for a long time, you will probably qualify for loyalty programs if available. Most online sports betting sites have special loyalty bonuses for their best players, which can come as improved betting markets, free site credits, or even cash rewards. Usually, loyalty bonuses are given to players for being active in their online sports betting journey.