Online Sportsbook Bonuses Explained

online sportsbook

online sportsbook if you are unaware with the many sorts of bonuses available at various online sportsbooks, it can lead to misconceptions, confusion, and unnecessary tension. I’ll try to describe the various forms of bonuses in this section. Before you can cash out any winnings, all bonuses will have a playthrough requirement, so be sure you understand what that is and which games are allowed and which are not.

No Deposit Bonus

Some mobile sports betting providers reward new account signups with free betting credits. In lieu of alternative forms of bonus incentives, this is becoming less prevalent for online sportsbooks. Pre-launch bonuses may include a no-deposit offer to entice new customers to establish an account in states that are about to launch.

Wager Match Bonuses

A wager-match bonus is when a sportsbook will match your first bet up to a specified amount. It’s similar to a deposit match, except that the bonus funds must be wagered before they can be claimed. It works similarly to a risk-free bet in that you are paid even if your initial gamble fails. Although this is an uncommon event, it’s worth remembering because introductory bonuses at online sportsbooks change frequently.

Risk-Free Bets

Many licensed online sportsbooks provide risk-free wagers as sign-up bonuses. A risk-free bet gives you a refund up to a specific amount on your first wager at an online sportsbook. Only if the bet loses will you receive a refund.

New account users at OKBet, for example, can use a risk-free wager offer of up to ₱1,000 on their first bet on the site. BetMGM and BetWay are two more online sportsbooks that offer risk-free bet bonuses.

Deposit-Match Bonuses

Many legal online gambling platforms provide deposit match incentives, and mobile sportsbooks are no exception. A deposit match bonus is a type of incentive that matches a portion of a player’s initial deposit.

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