Sportsbook Bonuses and Rollover

Most sportsbooks offer new customers a sign-up bonus to distinguish themselves from their competitors. This represents an incentive to choose a particular sportsbook ahead of its rivals, so you should hunt out large, appealing bonuses.

Sportsbook Bonuses 101

The most common sign-up bonus is a deposit match offer. You need to register with a betting site and deposit some of your own money to qualify.

The minimum deposit required to qualify is often $10, but it can be higher at certain online sportsbooks.

The site will then match your initial deposit amount with free bet credit, up to a certain maximum. For example, you might be offered a 100% deposit match welcome offer worth up to $500.

If you deposit $500 of your own money, you will receive $500 in bonus credit, leaving you with a total account balance of $1,000. You will then need to complete certain wagering requirements on your bonus funds before you can cash out.

Rollover Requirements 101

This is the most important wagering requirement you need to focus on when judging how impressive a sign-up offer is.

If there is a 5x rollover requirement, it means you need to roll your funds over five times before you can cash out. If you receive $500 in bonus credit, you would need to then place $2,500 worth of bets before you would be allowed to cash out anything left over.

The lower the rollover requirements, the better. You normally have a specific period in which to complete the rollover requirements – for example, one week or one month.

There are also often minimum odds requirements too. That is designed to prevent you from completing the rollover requirement by betting on heavy favorites. The rollover requirements and the other wagering requirements will be displayed in the terms and conditions under the bonus.

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