Whether you’re a seasoned sports bettor or a novice, there are many sportsbook bonuses available to choose from. In fact, there are even dozens of options for sports bettors in the United States. While there are different types of bonuses available, they generally fall into one of three categories: sign-up bonuses, deposit match bonuses, and risk-free bets.
Sign-up bonuses are meant to encourage new bettors to sign up with a sportsbook. Typically, these bonuses will match the initial deposit of the bettor up to a certain dollar amount. The bonus will be awarded in the form of cash or as a free bet. However, the amount of money you can wager with the bonus may vary. The bonus may also require a certain amount of wagering before you can withdraw the funds.
Deposit match bonuses are offered by sportsbooks to match your initial deposit, usually up to a specified dollar amount. Many sportsbooks offer these bonuses as ongoing promotions. They may also have a specified expiration date. However, this may vary depending on the sportsbook. Some bonuses are tethered to a specific sign-up offer, and can also include a playthrough requirement. These bonuses may be offered by both online and retail sportsbooks.
A risk-free bet is a type of sportsbook bonus that rewards bettors for making big deposits. Bettors can make a free bet with the amount of the deposit, and can earn a reward when they make a winning wager. However, the bet is only valid for the first bet. The maximum amount of the free bet is usually $500. However, if the first bet fails, the bettor will be rewarded with a free second wager, which can be worth up to $1,250.
In addition to risk-free bets, many sportsbooks offer odds boosts. These bonuses are designed to give bettors more odds on specific markets. The odds boosts may include specific sports, such as basketball or football, or they may be centered around a particular market, such as the game of the day.
Some sportsbooks also offer referral bonuses. These bonuses may include a free bet or a cash prize for referring a friend. Referral bonuses are commonly offered after online sports betting launches. Some sportsbooks also offer VIP programs. If you’re a loyal customer of a particular sportsbook, you may be eligible for a referral bonus.
Regardless of the type of bonus you choose, it’s important to understand what types of odds are offered at a sportsbook. Understanding odds helps you choose the best bets and determine how much you’re willing to wager. You should also look for a sportsbook that offers a secure and easy-to-use website. A sportsbook should also have a customer service department, as well as several payment methods. You can also shop around to find a sportsbook that offers your favorite sports and leagues.
When you’re searching for a sportsbook, look for one with competitive odds and a large menu of markets and props. There should also be a wide selection of payment methods, including bank transfers and prepaid cars.