However, unlike the other two welcome bonuses, this bonus is extremely rare. Plus, most no deposit bonuses usually focus on small amounts, so don’t expect a $1,000 no deposit bonus from a sportsbook.
Boosted Odds Bonus Offers
Odds boosts are another great bonus offer. With such an offer, your odds get a substantial increase, but your selections still remain the same.
So, let’s say that your four-game parlay is priced at +600. With an odds boost offer, those odds can be raised to +800, +900, or even more depending on the book’s offer.
Typically, selections that receive odds boosts are usually chosen by a sportsbook, so you may not have the freedom of applying an odds boost on certain bets and events.
Free bets are like complimentary bonuses that come in fixed amounts. So when you’re going to place a bet, you’ll be given the option of using the free bet currency to place your bet.
Usually, you have to wager the entire amount at once, so you can’t break a free bet into multiple bets.
Advantages of Sports Betting Bonuses
Sports betting bonuses have many advantages. Here are some advantages that you can expect from the above-mentioned promos and offers:
- New bettors can use welcome offers to test out sportsbooks without risking too much at first.
- Most welcome bonuses are easy to get and don’t have complicated procedures attached to them.
- You can use bonuses to explore different sports markets.
- Sports betting is all about margin. Bonuses can help you gain that extra edge; this can be crucial if you’re looking for long-term profits from your sports bets.
- A lot of bonuses reduce your risk since you’re playing with bonus money instead of your own money.
Things To Keep In Mind Regarding Sportsbook Promos & Bonuses
That being said, a lot of bonuses aren’t as straightforward as they seem.
Each bonus has specific terms and conditions, and you always need to check such terms before choosing to participate in a promotional offer.
Most bonuses also have rollover requirements. This simply means that you need to bet the bonus amount a certain number of times for you to make the bonus funds and any accompanying winnings withdrawable.
For example, if a bonus has a 3x rollover requirement, you’ll be required to wager that bonus a minimum of three times. So if the sportsbook gives you a $1,000 bonus, you need to turn this $1,000 to $3,000, i.e., $1,000 × 3 = $3,000.
You also need to avoid bonuses with extreme rollover requirements. This is because such harsh requirements can make it harder for you to withdraw your bonus funds.