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- Bonuses are an easy way to increase your bankroll, but they come with conditions
- Sportsbooks typically require you to wager a certain amount before bonuses can be withdrawn – this is called play-through
- Understand betting play-through requirements with this guide
The best part about wagering at online betting sites is the welcome bonus available when bettors first sign up and make a deposit. Usually, bonuses come is in the form of free play, but occasionally it can be in the form of cash bonuses. Betting site bonuses can be excellent additions to your sports betting bankroll. A no deposit bonus is a type of betting bonus you can get from betting sites either as a sign up offer, welcome bonus, or even if you’re already an existing customer. Although the no deposit bonus is a much less common type of betting bonus than a deposit bonus or free bets. 10Bet – On sign up, 10Bet have arguably the best sports betting bonus around with a 50% on matched deposit worth up to £100.00. In terms of free bets, their betting offers are subject to change, but there are regular deals in horse racing and football markets. The most common welcome offer is the Sign Up Bonus that adds a specific percentage of bonus money to your first deposit that can vary from 50% to 200%, depending on the sportsbook. To make things clear, you have to know which is the best bookmaker bonus for you. Sportsbook: Bonus Details: Get Bonus: Bovada: 50% bonus up to $250 – This bonus has a very reasonable 5x rollover with few restrictions, and is offered by one of the best overall sportsbooks, making it our top pick.: Visit Site. SportsBetting.ag: 50% match bonus up to $1,000 – This bonus.
It’s easy to understand that sportsbook bonuses are a great way to bolster your bankroll. Figuring out exactly what terms and conditions you have to fulfill before you’re able to withdraw these bonuses is not as simple.
Every bonus offered by an online sportsbook, regardless of whether it’s an initial deposit bonus, a free bet bonus, or otherwise, comes with a set of wagering requirements.
Understanding detailed terms of bonuses such as play-through requirements and time limits can be complex, and sportsbooks often use complex jargon to obscure the complexities of redeeming these bonuses.
That’s where we come in. To have all the nuances of your sports betting bonus explained in simple, plain English, read on!
Find the best sign-up bonuses offered this season by checking our list of the best betting bonuses. Every site on the list has their best deposit bonus offer listed.
What Does Play-Through Mean?
Firstly, “play-through” can also be referred to as “rollover.” Two terms are interchangeable.
An example might help in understanding just what these mean. Let’s say that you deposit $250 to a sportsbook that is offering a 50% bonus with a 5x rollover. This means that you’ll have $375 to bet with, but can’t withdraw the bonus money until you’ve placed $1,875 ((250+125)x5) in bets.
The following table illustrates how much you will have to wager in order to clear common rollover/play-through requirements and obtain your bonus money, assuming a $100 initial deposit:
Sportsbooks calculate rollover and the bets that go towards clearing it differently, so be sure to read the terms and conditions carefully.
Sportsbooks May Place Odds Restrictions and Time Limits on Rollover
Some sportsbooks credit you your risk amount for losing bets, and the lesser of the risk or win amount for winning bets. This means that if you bet $10 on the Patriots at -110, you earn $10 towards your rollover requirement if they lose, but only $9.09 if they win.
Most books have rules against betting strong favorites to clear the rollover, so don’t be surprised if you have to bet at higher than even money to earn credit towards your rollover. If you have to bet at better than 2/1, it’s probably not a good deal.
Another thing to look out for is a time limit on the rollover. Rushing your bets to clear an arbitrary threshold is a sure way to place poor bets and lose money. Before you take a bonus with a time limit, calculate how much you need to bet per week to clear that requirement, and figure out if this makes sense for the way you want to bet.
Depending on Your Online Sportsbook, There May Be Additional Requirements on Your Bonus
Besides play-through requirements, sportsbooks have a variety of other terms associated with sign-up bonuses that you need to be aware of in order to clear your bonus for withdrawal.
They vary from sportsbook to sportsbook, so it’s worth reading the fine print before jumping on one and trying to cash out before you’ve met all of them.
Here are some examples of additional requirements:
Sign On Bonus Guidelines
- Bets with a price of less than or equal to -200 (1.5) do not count toward fulfilling sportsbook bonus rollover requirements
- No withdrawals can be made within 30 days of claiming this promotion
- Only eligible for use in sports, horse racing, and casino
- You can only have one active bonus at any one time. To claim another bonus the current active bonus must be completed or closed first.
- In multiple bets, at least one selection must have odds of 1.50 (1/2) or greater to count towards any turnover requirement
Essentially, you might have to look out for the following requirements at your sportsbook:
- Odds restrictions on bonuses. Some bets may not count towards your rollover beyond a certain threshold. Usually, this means that you can’t just bet on massive favorites over and over again for your rollover requirement.
- You may have to wait for a specified time period before you withdraw your bonus.
- You may be restricted to only using your bonus at certain sections of your sportsbook.
- Sometimes, a sports betting site offers multiple bonuses. This is common if they have ongoing bonuses. You’ll likely only be able to have one active bonus at a time.
Apply Your Knowledge and Start Betting Today!
Best Betting Apps Sign Up Bonus
Now that you know exactly how sports betting bonuses work, you know the next logical step: start betting!
No matter whether you’re after a sign-up bonus or an ongoing bonus, we can point you in the right direction with that helps you decide on the optimal sports betting bonus.
Anything else you want to know about sports betting bonuses that we haven’t covered? Email us and we’ll make sure to cover it in an upcoming article.
Let’s face it, there are more online casinos and sports betting sites out there than you could ever hope to explore. This massive international industry brings in billions of revenue dollars per year, so all of the various operations are competing for your business.
There is nothing better for the consumer than fierce competition within an industry, and this is no different when it pertains to gambling online.
Online sportsbooks come in all shapes and sizes, with varying degrees of authenticity and reliability.
But once you’ve done your research and identified the safest betting sites offering the wagers you are most interested in, how do you decide which to choose? Well, that’s where the bonus programs and loyalty rewards come in to play.
Betting sites commonly offer bonuses to customers who sign up for their website or deposit money into their account. These gifts typically come in the form of additional funds to bet with, after matching a percentage of your deposit, or free plays.
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This guide has been designed to help you navigate the world on online sports betting bonuses so that you make the best choices to match your gambling needs.
We recommend checking out our page dedicated to finding the best betting sites for bonuses & rewards if you are looking to bet now.