TYPES OF SPORTSBOOK OFFERS
Deposit Bonus
The most common sportsbook offer is a deposit bonus, also referred to as a Match Bonus, First Deposit Bonus, Welcome Bonus or Sign-Up Bonus. Typically, the online sportsbook offers a percentage amount up to a maximum sum, for instance, (“Get 100% Up to $100). This offer means that the player will get 100 per cent up to a maximum amount of $100, hence if you deposit the maximum of $100, the bonus amount of $100 will be credited to your account and you will have a total value of $200 to play with. The words “up to” when describing the bonus are used because it’s up to you to decide whether to bet the maximum amount of the bonus or not. The first bonus you receive from a sportsbook operator is typically the best and most generous offer until the loyalty program kicks in and you start receiving VIP offers. The First Deposit bonus usually has some betting requirements (sometimes called wagering requirements) that must be met before you are able to withdraw the winnings. Another type of bonus is called a “Risk Free Bet”. This means that your bet is insured – you have no risk and should you lose your staked bet amount you will be credited the amount back in the form of cash, bonus funds or credit. Typically the amount is returned in the same form as it was played.
FREE BETS
A free bet is a bonus that bookmakers give you when you open a new account. Some call it ‘Bet Credits’. You must wager your free bets and meet the wagering requirements before you would be able to withdraw your winnings. Free bets are given on all league games.
RISK FREE
If you bet risk free, your funds are not be lost if you lose your bet/stake. If you lose a risk-free bet, you will receive back the money you wagered in cash or bet credits.
NO DEPOSIT FREE BET
A no deposit free bet does not require a deposit. Some bookmakers will even allow you to withdraw your free-bet winnings – but bonus terms and conditions are subjected to change.
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