All online sports betting sites offer some form of signup bonus offer.
No money down. No payments for a year. Interest-free loans.
It seems like every time someone is in the marketplace for a new product – whether it be furniture, a vehicle, even a home – there’s always a hook dangling in front of the purchaser designed to entice them to close the deal.
This reality is no different in the world of online sports betting sites. For the person who is seeking to get into wagering on sports, a simple click of a mouse will unveil access to a proliferation of online betting sites.
Every single one of these sites will provide a signup bonus offer created to specifically convince the next prospective bettor entering the market that this is the place where they’d get the most out of investing their money.
These signup bonus offers tend to come in three distinct varieties. There are no-deposit bonuses, which are just like the name suggests – a stipend, usually a small amount between $10-25 – that will be deposited into the new player’s account simply for joining up at the site.
Another option that is often presented is the risk-free first bet bonus. With this offer, players understand that with the first bet they play, they will be guaranteed to do no worse than break even. If you bet on a sporting event and win, well isn’t that great news? However, if you place a wager and it comes up a loser, not to worry. The sportsbook will refund that amount to your account in the form of a free bet voucher.
These free bet offers will almost always be assigned certain restrictions. Always, the maximum amount of the refund will be capped.
The third, and the most prevalent offer made to new players at sports betting sites in the matching first deposit deal. In this instance, the online sportsbook offers to the newcomer a matching amount that will be equal to a percentage of the player’s initial deposit to their new account.
Here’s How The Matching Deposit Bonus Works
When it comes to accessing a matching first deposit bonus at an online betting site, there’s some really good news. There are sites that will match your first deposit to the full 100 percent total.
An example of this is SportsInteracation.com. This sportsbook does indeed offer new players a 100 percent matching first deposit bonus. However, the bonus funds are capped at $200. In other words, if you do opt to sign up at Sports Interaction, be certain to make sure that your first deposit is exactly $200, to take full advantage of their offer.
Other sites many offer less of a percentage in terms of their matching first deposit bonus. While this might not seem like as good a deal as a 100 percent matching bonus, the fact of the matter is that it can prove to be just that.
For instance, BetOnline offers new players only a 50 percent matching first deposit bonus. Read a little further into their offer and you’ll learn that the BetOnline bonus offer is capped at $1,000. So while you’d be required to make a first deposit of $2,000 to max out your bonus funds, you’d be getting an additional $1,000 to bet on sports for free.
What’s The Catch?
Before racing to sign up with an online sportsbook, first read the fine print on their bonus offer.
As the late, great Bernie Mac so succinctly put it in the cult classic Bad Santa, there’s always something. And matching first deposit bonuses at online sportsbooks are no different.
The free money a new player gets to bet with via this matching first deposit offer isn’t exactly free. There are hoops to jump through before the money belongs to you.
The most frequent catch is what’s known as a rollover requirement. This is a restriction put in place requiring a player to wager those bonus funds a certain number of times before the money can be withdrawn from the player’s account.
Time limits are often placed on these requirements. Fail to meet the rollover amount in the prescribed time and that bonus may simply vanish.
As with any offer, follow the one absolute truism – always read the fine print.