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What are the Different Type of Sports Betting Bonuses Available to Players?

Since online betting has been legalised in the USA and Canada in 2018, the market has benefited with a lot of new sportsbooks operators.  This competition has been great for players as they have a wide selection of the best sports betting apps and offers.

But with so many leading online sports betting companies offering similar odds and markets, it can be difficult to choose where to bet. One of the deciding factors is often the available promotions but what are the different type of sports betting bonuses available to players?

The sign-up bonus

Perhaps the most common sports betting bonus available to players today is the sign-up bonus followed by the risk free bet.  The sign-up bonus promotion is only available to new customers and is usually in the form of a percentage based on the first deposit. For example, you may receive a 100% bonus up to the value of $100 on your first deposit at the online bookmaker. That means, if you were to make a first deposit of $100, you will receive an additional $100 with which to bet.

Best sign-up bonus offers

Some US sportsbooks have very generous offers, for example some sign up bonuses can be as high as $1,000.

Risk-free bets

Some online sports betting websites will even give your money back as a free bet, should your first bet lose.  This risk-free bet is the most popular bonus available to players in the US, and some online sportsbooks offer risk-free bets as high as $1000, with one operator offering 2 risk free bets up to $2000.

Free Bets

Free bets is slightly different to a risk-free bet as it doesn’t require any wagering requirements, you just get a betting credit to use as you want.   The free bet bonus is relatively low compared to platforms offering risk-free bets.

Advice

You should always take advantage of the sign-up bonus, even if you do not want to deposit the full amount. For example, if there is a $100 free bet, or the free bet stakes are generous, you can get your bankroll off to an excellent start. With sign up offers, and any other bonus, always check the terms and conditions. There may be a qualifying bet required to access your $100 in free bets or get $300 in free bonuses or you may need to wager on a certain market for the free bets valid.

What type of sports betting bonuses are available to those who already have an account?

Football fans love nothing more than an accumulator bet and there are thousands of this type of bet placed every weekend across Europe and the USA. The potential payout on these are massive. You could bet $10 get hundreds back. However, while the potential winnings from an accumulator bet are always high, the odds of actually succeeding tend to be low. Thankfully, many online bookmakers have decided to offer sports betting bonuses based on the accumulator bet.

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Some online bookmakers provide their loyalty scheme members with free accumulator bets, whereas others offer insurance on accumulator bets that have 4 legs or more. In terms of the latter, if one leg of your accumulated lets you down, you will receive a free bet up to a specified value. Other online bookmakers will offer enhanced odds on accumulators, thus increasing the amount of potential winnings.

A recent addition to accumulator bonus offers is the option to change your accumulator in-play. So, if one or two of your selections looks set to let you down, you can change them, even after the events have started. There is also the option to cash out your accumulator early and this is one of the more common accumulator style bonuses available at online bookmakers.

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Football is not the only sport to benefit from specific bonuses. Horse racing is an extremely popular sport for betting online and there are plenty of betting bonuses available for players. A good example is receiving money as a free bet if your horse fails to win a race but finishes anywhere between second and fourth. This is usually capped to no more than $10 but is a great way to enjoy a free bet should your horse not quite get over the line in first place.

So, there are many different types of sports betting bonuses available to players and the choice continues to improve. Please note you may have to place a qualifying real money bet to access any free bet offers. This is the case for a casino bonus or any sportsbook offer.

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