Best No Deposit Bonuses

No Deposit Bonuses are the ultimate new player promos. They offer no financial requirements and therefore the best value for you as a new customer. In this page we explain what a no deposit bonus is and where you can find them.

No Deposit Bonuses 2023

As a new player, it simply doesn't get any better than a no deposit bonus.

This is because a no-deposit bonus, in contrast to other sportsbook bonuses, does not require you to make a financial commitment in order to receive your bonus. You simply need to sign-up to the sportsbook in question, claim the promo and place your first wager.

The main downside with no deposit bonuses is that they are very rare.

This is because sportsbooks run the risk of losing significant amounts of money. This can happen if new customers collect their bonus, win, withdraw and then quit.

However, this also means that a sportsbook willing to offer a no deposit really believes in its product. After all, it is banking on you signing up collecting your bonus, wagering and then staying with them. At BettingScanner we view a no deposit bonus as a strong indication that a sportsbook has an excellent product.

Pros and Cons with No Deposit Bonuses

Pros with No Deposit Bonuses 👍

  • No financial commitment required
  • A great way to check out a sportsbook's product
  • The best value bonus in the market
  • Normally split into multiple bonus bets, allowing you to place more than one wager

Cons with No Deposit Bonuses 👎

  • Very few online sportsbooks offer no deposit bonuses
  • Smaller amounts offered compared with other bonuses

No Deposit Bonus FAQS

We answer your most common questions regarding this form of new player promo.

What is a no deposit bonus?

A no deposit bonus is a welcome promo that a sportsbook will offer to new players. Unlike many other bonuses, including risk-free bets and deposit bonuses, with a no deposit bonus you do not need to make any financial commitment in order to receive your bonus. You simply need to sign-up.

How do no deposit bonuses work?

A no deposit bonus is the simplest form of a welcome offer. You simply need to sign up to the online sportsbook that offers a no deposit bonus to collect your bonus bets. This is not the case with other forms of a welcome bonus, such as second chance bets and deposit bonuses which require you to make a deposit first, or even wager.

Once you have signed up to the sportsbook you will be given your bonus in the form of bonus bets. The amount will vary depending on the sportsbook.

How do you collect a no deposit bonus?

In order to collect a no deposit bonus, you will have to sign-up to the sportsbook with this type of welcome offer. The sign-up process will vary depending on the sportsbook, however, you will always need to provide the following:

  • Name
  • Residential Address
  • DOB
  • Social Security Number
  • Telephone Number

You do not need to deposit any cash in order to collect your no deposit bonus. This makes this form of welcome offer unique as all other forms, such as second chance bets and deposit bonuses require a financial commitment.

What is the max cash out for a no deposit bonus?

The maximum cash out required for a no deposit bonus will depend on three factors.

  1. The size of the original bonus.
  2. The turnover requirement. This is the number of times you need to win with your bonus before it is counted as cash. This should be x1 however some sportsbooks can ask for a win turnover of over x20+.
  3. Your wagers. Of course, the final cashout amount will depend on your wagers and the odds on offer.

Are no-deposit bonuses legit?

Yes. This is the best form of sports betting bonus as it does not require you to spend any money in order to receive the bonus.

With a no-deposit bonus, you simply need to sign-up to the sportsbook in question and you will receive the stipulated number of bonus bets.

Do you need to sign-up to collect a no deposit bonus?

You can cash out a bonus bet when you have satisfied the turnover requirements stipulated in the terms and conditions of the promo, but a sign up is the only this required to claim no deposit bonus bets.

For example, DraftKings requires you to win x25 with your bonus before it can be cashed out whereas PointsBet only requires an x1 turnover.

No Deposit Bonuses

No deposit bonuses are the ultimate form of promo for new players.

The primary reason for this is that you are not required to place a deposit to qualify for your bonus. This has all sorts of advantages, but most importantly, it means you are not risking any of your own money.

An absence of financial commitment also means that you need not concern yourself to the same extent as other forms of bonuses in the small print. Many bonuses attach a turnover requirement which means that you need to win multiple times before a bonus is considered real cash.

This means that if you collect a matched deposit bonus, your first deposit exactly determines the size of your bonus. You may have to place a deposit to qualify and then win multiple times with that bonus until you can withdraw it as cash. With a no deposit bonus, even if there is a high turnover requirement, you have not invested any of your own money, so it's really no loss to you.

So, what's the catch?

This is always an important question to ask, especially when it comes to bonuses which can contain misleading promises.

As long as it is a legal and licensed online sportsbook in the US, there should not be a catch. No deposit bonuses are simply great value for new customers. However, it is not all good news. These are much sought after bonuses means two things; no deposit bonuses usually offer smaller amounts than other forms of bonuses, and they are scarce.

Now that we have tempered your expectations, we should point out that you are much more likely to come across a legit no deposit bonus if you are in the US. This is because the market - which has only been legal since 2018 - is still in its infancy. Online sportsbooks that are new to the US are therefore much more likely to reach into their marketing spend and roll out the most attractive promo they can find to attract new customers and establish themselves in a new state - the good news is that this usually comes in the form of a no deposit bonus.

No deposit bonuses are not only the most trustworthy form of bonus because you are not required to spend your own money, they are also a strong indicator that the sportsbook in question has an excellent product. For an online sportsbook to be willing to give away bonus bets with little commitment from you as a customer suggests that they are confident you will continue to use their product.

Best no-deposit bonus

As you can see, you are not exactly spoilt for choice. However, as we have already explained, no deposit bonuses are simply the best value bonus for the customer, and sportsbooks are risking a lot of money by offering a no deposit bonus.

When offering a no deposit bonus, an online sportsbook is effectively banking on the fact you will love their product and ultimately become a long-term loyal customer. This suggests confidence in their product which is a good sign.

It is unlikely to find more than one no deposit bonus on the market at any one time.

Until recently Unibet was the only sportsbook that offered a no deposit bonus. However, this offer has been suspended until further notice.

Unibet No Deposit Bonus Best Sportsbook

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No Deposit Bonus T&Cs

As we mentioned before, with a no deposit bonus, you do not need to worry about the T&Cs to the same extent as you would with another type of bonus. This is because you are not putting down any of your money, so if the sportsbook does make it difficult to cash out your winnings by implementing a high turnover requirement, for example, you still won't have lost any of your hard-earned cash.

However, it is still important to check the T&Cs to judge how much value there is in a particular no deposit bonus. These are the important things to consider:

Are there multiple bonus bets awarded? Sometimes sportsbooks will offer multiple bonus bets instead of one lump sum. This is often to reduce the risk of someone collecting a bonus, winning and cashing out immediately. With lots of smaller bets, so-called 'bonus hunters' are less likely to strike. This can also be an advantage to you as it spreads out the fun and the chance of winning a bet. This is especially true for beginners, who can use bonus bets as a way of learning how to wager online.

Is there a turnover requirement? This form of requirement means that you will need to win a certain number of times with your bonus bet before you can potentially cash-put your winnings. You must know what the turnover requirement is as this can have a huge impact on the value of your bonus. There are examples of a x25 turnover requirement at certain US sportsbooks, which rendered a bonus almost entirely worthless as it is improbable you will win 25 bets in a row.

What are the T&Cs included with your bonus bets? Most bonus bets will require you to use them within 7 days of issue. Therefore, it is important to be slightly strategic when placing your initial sign-up, as you should feel confident that enough events are coming up over the next 7 days for it to worthwhile. Your sportsbook will also include minimum and maximum odds. You can also see what events you can wager on and what types of wagers you can place in the T&Cs.

Second Chance Bonuses

Second chance bets offer the second-best value to you as a customer after no-deposit bonuses.

This type of bonus acts as insurance on your first wager (and sometimes second wagers).

If you lose you first wager you will receive the same amount back in the form of bonus bets.

This is a really nice promo for new customers who may be uncertain about their first wager with a new sportsbook, especially if they are new to betting in general.

We rank this form of the bet just below no deposit bonuses in value because it still requires you to place a deposit and wager your own money. Remember, you do not get your money back, but rather your money back in the form of a bonus bet which, in turn, contains a turnover requirement.

Second Chance bets are a prevalent form of bonus in the US right now among sportsbooks and customers alike.

Pros & Cons with Second Chance Bets
Nils Edmondson

Nils Edmondson

Second Chance Bets - Pros 👍

+ You can place your first wager/wagers safe in the knowledge that not all will be lost

+ With this form of insurance, you can test out a new sportsbook

+ Many licensed online sportsbooks in the US currently offer these bonuses

Second Chance Bets - Cons 👎

- It can appear as a 'get your money back' offer when in fact, it gets your wager back in bonus bets. Most of these bonus bets only require a 1x turnover, but others can contain a much higher turnover requirement which can impact the value of the bonus since it may result in your bonus bet wager losing, and you not having the chance to win back you money

Deposit Bonuses

Deposit bonuses are a popular form of welcome promo offered by sportsbooks in the US.

A deposit bonus means that your first deposit is matched with your first deposit. There will be a maximum amount that you cannot exceed for your bonus. This maximum can vary greatly between online sportsbooks; some currently have a maximum of $250 and others $2,000.

Now, it might seem tempting to go for the 'larger bonus', but this can be the wrong strategy for two reasons:

  1. A larger bonus means a larger financial commitment. Since the bonus is matched to your initial deposit, then you have to ask yourself, would you really be willing to put down a $2,000 deposit with a sportsbook you have never used?
  2. The T&Cs can mean that the smaller bonus is actually better value. This is certainly the case when it comes to the turnover requirement. If you are offered a $2,000 deposit bonus, then it is likely that the sportsbook will have added a multiple turnover requirement which means that you will need to win with your bonus bets a certain number of times before the money can be converted to cash.
Pros & Cons with Deposit Bonuses
Nils Edmondson

Nils Edmondson

Deposit Bonuses - Pros 👍

+ There are some huge deposit bonuses on the market.

+ Deposit bonuses are a great way to test out a new sportsbook with bonus bets before investing your initial deposit.

+ You are ultimately in control of the size of the bonus you will receive.

Deposit Bonuses - Cons 👎

- You have to deposit a lot of cash to qualify for the larger bonuses.