Sports betting platforms make their platforms exciting with regular bonuses for players. iGamers who are in search of new platforms often start by searching for bonuses. From new user bonuses to exciting rewards for loyal ones, online platforms have something for everyone.
Whether you’re a new player or just love to find exciting bonuses, this guide is for you. We’ll cover the best sports betting bonuses you can claim to boost your play.
What Is a Sports Betting Bonus?
A sports betting bonus is an incentive offered by online sportsbooks to encourage users to play. It boosts player sign-up, money deposit, and betting frequency. These bonuses are most commonly presented as free bets, deposit matches, or cashback offers.
Bonuses allow bettors to:
- Increase their betting bankroll
- Try new sportsbooks with less risk
- Explore different betting markets
- Maximize potential returns
However, each bonus comes with terms and conditions. Before placing any transaction, ensure you understand all the T&C very well.
Top Sports Betting Bonuses You Can Claim Right Now
First bet promotions and “bet & get” bonuses are currently popular in the industry.
| Sportsbook | Welcome Bonus Explained Simply | Promo Code |
|---|---|---|
| BetMGM | Get your money back as bonus bets if your first bet loses. Get up to $1,500 | CBSSPORTS |
| DraftKings | Place a $5 bet and receive $300 in bonus bets. Only if you bet wins. | No code needed |
| FanDuel | FanDuel Bet $5 and unlock $300 in bonus bets. Only if you bet wins. | No code needed |
| bet365 | Pick either $200 in bonus bets or protection on your first bet up to $1,000. | FOX365 |
| Caesars | Your first bet is matched with a bonus bet up to $250, win or lose. | CBSSPORTS250BM |
| Fanatics | Get daily bet protection and earn up to $2,000 in FanCash if bets lose. | No code needed |
| Gets Bet | New users can claim a substantial first-deposit bonus. | GETS100 |
Types of Sports Betting Bonuses
Before claiming any offer, it’s important to know the common bonus types available.
- Welcome Bonus
This is the most popular offer for new users. It usually matches your first deposit up to a certain amount.
- Free Bet
You place a bet using bonus funds, and if it wins, you keep the profit.
- No-Deposit Bonus
A rare bonus that allows you to bet without making a deposit.
- Risk-Free Bet
If your first bet loses, the sportsbook refunds the amount as bonus credits.
- Cashback Bonus
You receive a percentage of your losses back over a specific period.
Tips to Maximize Your Betting Bonuses
Making the most of betting bonuses all comes down to using them smartly. Here are some practical tips to help you get the best value on every bonus. Here are the most popular tips to maximise your bonus advantages:
- Always read the sports betting bonus rules before wagering.
- See wagering or expiration terms and conditions.
- Begin by making small bets to minimize risk.
- Bet on sports that you know.
- Do not rush to place bets.
- Make sure your odds meet the bonus rules.
- Track how much you have wagered.
- Avoid chasing losses.
- Stick to a fixed betting budget.
How to Choose the Right Sports Betting Bonus
Not all bonuses are created equal. Here’s what you should always check before claiming one:
- Wagering Requirements
That is, how many times you must wager the bonus amount before you can take out your winnings.
- Minimum Odds
Some bonuses require bets to be placed at specific odds.
- Expiry Date
Bonus funds often expire within a short time frame.
- Eligible Sports & Markets
Certain bonuses only apply to selected sports or bet types.
- Withdrawal Restrictions
Some bonuses limit how much you can cash out.
Common Mistakes to Avoid
Many bettors lose bonus value by making avoidable mistakes.
- Ignoring terms and conditions
- Betting on ineligible markets
- Placing bets too quickly
- Letting bonuses expire unused
Taking a few minutes to understand the rules can save you money.
Conclusion
A betting bonus is an extremely powerful tool when used properly. While playing, always look out for a little extra value on the current sports betting bonuses to take advantage of. To sum up, the right trick is to select bonuses that fit with your betting style, and you are aware of in depth. With Casinos Betting, improve your betting experience with the latest industry updates. Get information about the latest offers, reliable platforms, and real-time odds for an easy iGaming journey.
FAQs
Q1: What is a sports betting bonus?
A: A sports betting bonus is an offer that gives you extra betting value, such as free bets or deposit matches.
Q2: Can I withdraw a betting bonus immediately?
A: No, you usually need to meet wagering requirements before withdrawing any winnings.
Q3: Are betting bonuses safe to use?
A: Yes, bonuses are safe when claimed from licensed and trusted sportsbooks.
Q4: Do all sports count toward bonus wagering?
A: No, some bonuses apply only to selected sports or betting markets.
Q5: What happens if I don’t use my bonus on time?
A: If the bonus expires, it is removed from your account and cannot be used.
