Create your new wagering account with TwinSpires.com and earn a $200 sign up bonus! Must use promo code on registration to be eligible. Valid for one use per household. 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.
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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.
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:
Ludo star online game play free. Sportsbooks calculate rollover and the bets that go towards clearing it differently, so be sure to read the terms and conditions carefully.
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.
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:
Essentially, you might have to look out for the following requirements at your sportsbook:
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.