27 Sep

The Best Sports Betting Bonuses

Sports betting bonuses are promotions that online sportsbooks run, designed by bookmakers as a marketing tool.

Commonly, these bonuses come in the form of free money credited to your account just for signing up at a sportsbook, or for depositing a certain amount of cash.

These sportsbook bonuses vary widely across sportsbooks, so how do you know if you’re picking the best one? That’s where we come in. We’ve surveyed a range of sportsbooks across the web and compiled the best bonuses we found, all in one place.

Top 5 Sports Betting Bonuses for New Bettors

Rank Betting Site Bonus Details Bonus Link
1 Bovada Sportsbook Get at 50% bonus on your first deposit, up to $250 Get Bonus
2 BetOnline Get a 50% bonus on your first deposit, up to $1,000 Get Bonus
3 Get a 50% bonus on your first deposit, up to $1,000 Get Bonus
4 Skybook Reduced Juice Bonus (-107 Odds Instead of Standard -110) Get Bonus
5 GTbets $20 Risk-Free Bet Get Bonus

Bonuses have been an integral component of nearly every single online sportsbook since the inception of the industry in 1996.

While the types of bonuses offered has changed dramatically over the years, their basic premise is the same: free cash to bolster your sports betting account.

If you’ve still got any bonus related questions you want to ask before you pick the best betting bonus, not to worry. We’ve written an entire series of guides that answer whatever bonus related queries you might still have.

Understanding everything about bonuses is an essential step to picking the best sports betting bonus for your needs.

How Do Sports Betting Bonuses Work?

While most sports betting bonuses are relatively straightforward, you’ll have to meet specific requirements before you’re eligible to withdraw them.

Most commonly sports betting bonuses have the following terms and conditions attached to them:

  • Rollover
  • Odds Restrictions
  • Time Limits

For more information, check out our detailed article on exactly how sports betting bonuses work. Rest assured, bonuses are extremely simple to understand once you grasp their basic rules.

Once you know the rules you’re subject to, picking your best sports betting bonus becomes a lot easier. With available betting bonuses ranging from 100% deposit bonuses to reduced juice bonuses, it’s best to have a handle on exactly what you’re signing up for.

The Different Types of Sports Betting Bonuses

Sports betting bonuses come in many different forms at online sportsbooks. As the industry has grown over the years, sportsbooks have started to offer a wide variety of creative bonuses. Sportsbooks most frequently offer the following types of bonuses:

  • Initial Deposit Bonus (Deposit Match Bonus)
  • Free Bets Bonus
  • Reduced Juice Bonus
  • Matching Bet Bonus
  • Refer-a-friend Bonus
  • Reload Bonus
  • Cash Back Bonus
  • Season Promotion Bonus
  • Secret Bonuses

The most common type of sports betting bonuses are sign-up bonuses. More often than not, sign-up bonuses take the form of initial deposit bonuses.

We’ve created an extensive guide to all the different types of sports betting bonuses, where you can learn how each kind of sports betting bonus works.

What Are the Best Sports Betting Bitcoin Bonuses?

Upwards of 56% of the sportsbooks we review offer bonuses that apply specifically to Bitcoin. Often, these bonuses are not only bigger, but they come with fewer terms and conditions.

Check out either our guide to betting with Bitcoin to learn more or you can get more specific with our guide to bitcoin betting bonuses.

How to Choose the Best Sportsbook for Your Needs

Well, that depends on how you plan to bet on sports. We recommend that casual bettors target a different type of bonus than a seasoned sharp.

To understand and determine what you should consider when selecting, check out our guide on how to choose the best sportsbook bonus.

We cover how to balance factors like rollover, time limits, and odds restrictions when you’re choosing a sports betting bonus.

Still Have Sports Betting Bonus Questions? Not to Worry, We’ve Got You Covered!

Should you have any lingering questions, we compiled a list of the most frequently asked questions about sports betting bonuses we’ve received over the years.

Additionally, we created two step-by-step guides to help you successfully redeem your bonus. One guide is the step by step process of redeeming a bonus made via a conventional method (credit card, eWallet, bank wire, etc.), while the other guide covers each step required to access a Bitcoin-specific bonus.

Meet the authors

Matt McEwan
Dave F.
Sports Writer
William Hill
Bet Online
See all TOP Sports Betting sites