BettingScanner's

Best Sportsbook Bonuses

In the race to the top, online sportsbooks in the US are offering some outrageous welcome bonuses for new players. On this page, we pick out the very best betting bonuses in your location.

Best NJ Sportsbook Bonus

Unibet Sportsbook

⭐⭐⭐⭐⭐
  • Only sportsbook to offer a no-deposit bonus in the US
  • Accepts PayPal for deposits & withdrawals
  • Excellent variety of bets for NJ users
  • No loyalty program
Welcome Offer
$500 risk-free bet
Claim Go to website
Website: Founded: 1997
Owner: Kindred GroupHeadquarters: Malta
Unibet_homepage
Unibet_promos
Unibet_signup

Summary

Author: Nils Edmondson Nils Edmondson

BettingScanner's Verdict: 8/10

Unibet belongs to Kindred Group - an online gambling operator based in Malta. Unibet launched its website in 1999. The Company now has offices in the UK, US, Italy, Australia as well as many others.

Unibet are operational in New Jersey, Indiana and Pennsylvania.

Read full review

Best IL Sportsbook Bonus

PointsBet Sportsbook

⭐⭐⭐⭐
  • $2,000 worth of risk-free bets
  • 2 opportunities to place a risk-free bet
  • Unique points betting option
  • Illinois specific promos
  • Cash-at-cage offered (Hawthorne Racecourse)
  • Risk-free bets must be same value of your deposit
Welcome Offer
2x risk free bets worth $2,000
Claim Go to website
Website: pointsbet.comFounded: 2017
Owner: PointsbetHeadquarters: New Jersey
PointsBet Sportsbook
Pointsbet_signup
PointsBet Promos

Summary

Author: Nils Edmondson Nils Edmondson

BettingScanner's verdict 9/10

Pointsbet is an Australian company, that launched in the US in 2019. The sportsbook places a heavy emphasis on point spread betting, a unique form of betting where you are rewarded, or docked points, according to how wrong or right a bet was.

Read full review

Best CO Sportsbook Bonus

Bet365 Sportsbook

⭐⭐⭐
  • Only 1x bonus turnover requirement
  • High value odds
  • Trusted global brand
  • Lack of boosted odds
  • Requires a matched deposit for bet credits
Welcome Offer
up to $500 in bet credits
Claim Go to website
Website: Founded: 2000
Owner: Bet365 Group LTDHeadquarters: Stoke-on-Trent, UK
Bet365 claim welcome offer
Bet365 in-play betting
Bet365 homepage

Summary

Author: Nils Edmondson Nils Edmondson

BettingScanner's verdict: 9/10

This sports betting giant has finally arrived on American shores!

The global brand which boasts over 45 million customers worldwide is still a relative unknown in the US, but with the company's track record in other markets, we expect this is just the beginning of their US journey.

Bet365 are operational in the following states:

  • New Jersey
  • Colorado
Read full review

Best PA Sportsbook Bonus

Unibet Sportsbook

⭐⭐⭐⭐⭐
  • Only sportsbook to offer a no-deposit bonus in the US
  • Accepts PayPal for deposits & withdrawals
  • Excellent variety of bets
  • No loyalty program
Welcome Offer
$500 risk-free bet
Claim Go to website
Website: Founded: 1997
Owner: Kindred GroupHeadquarters: Malta
Unibet_homepage
Unibet_promos
Unibet_signup

Summary

Author: Nils Edmondson Nils Edmondson

BettingScanner's Verdict: 8/10

Unibet belongs to Kindred Group - an online gambling operator based in Malta. Unibet launched its website in 1999. The Company now has offices in the UK, US, Italy, Australia as well as many others.

Unibet are operational in New Jersey, Indiana and Pennsylvania.

Read full review

Best NV Sportsbook Bonus

Caesars Sportsbook

⭐⭐⭐⭐⭐
  • Word-class mobile app
  • A wide selection of payment options
  • Excellent customer service
  • Outstanding welcome offer
  • No bet builder
Welcome Offer
Risk-Free Bet up to $5000
Claim Go to website
Website: Founded: 1996
Owner: Caesars EntertainmentHeadquarters: Reno, Nevada, U.S.
Caesars Homepage
Caesars Promotions
Caesars Contact

Summary

Author: Nils Edmondson Nils Edmondson

The company began its storied and glamorous existence under the bright lights of Las Vegas launching its online sportsbook in 2018.

In 2021, Caesars Entertainment bought William Hill, a move that sent shockwaves through the sports betting world. The British bookmaker is arguably the strongest betting brand globally and boasted a burgeoning sportsbook product in the US. However, initial scepticism over how Caesars' acquisition of such a mega-brand would play out has been resolutely quashed after the merger produced a superior product that appears to have benefited both parties.

This new-look Caesars Sportsbook has catapulted the company up our rankings. Previously it had only been active in two states and appeared to be struggling to compete with other big names such as FanDuel, DraftKings, but now the sportsbook has grown significantly in size and stature.

Read full review

Best IO Sportsbook Bonus

PointsBet Sportsbook

⭐⭐⭐⭐
  • $2,000 worth of risk-free bets
  • 2 opportunities to place a risk-free bet
  • Unique points betting option
  • Iowa specific promos
  • PayPal payment option
  • Cash-at-cage payment option (at Catfish Bend Casino)
  • Risk-free bets must be same value of your deposit
Welcome Offer
2x risk free bets worth $2,000
Claim Go to website
Website: pointsbet.comFounded: 2017
Owner: PointsbetHeadquarters: New Jersey
PointsBet Sportsbook
Pointsbet_signup
PointsBet Promos

Summary

Author: Nils Edmondson Nils Edmondson

BettingScanner's verdict 9/10

Pointsbet is an Australian company, that launched in the US in 2019. The sportsbook places a heavy emphasis on point spread betting, a unique form of betting where you are rewarded, or docked points, according to how wrong or right a bet was.

Read full review

Best VA Sportsbook Bonus

FanDuel Sportsbook

⭐⭐⭐
  • Tried & tested brand
  • Excellent mobile betting
  • Wide selection of deposit options
  • Great loyalty scheme - includes prepaid card
  • Requires a matched deposit for your risk-free bet
Welcome Offer
up to $1,000 risk-free bet
Claim Go to website
Website: Founded: 2009
Owner: Flutter Entertainment (previously Paddy Power Betfair)Headquarters: New York City
Fanduel Sportsbook
Fanduel Sportsbook Promos
Fanduel Sportsbook Desktop

Summary

Author: Nils Edmondson Nils Edmondson

The New York-based company began life as a daily fantasy sports provider but now can claim to be the country's most popular sportsbook. According to BettingScanner, it enjoys the second highest brand awareness rate in the US (41%).

Fanduel Sportsbook is operational in the following states:

  • New Jersey
  • Pennsylvania
  • West Virginia
  • Nevada
  • Indiana
  • Iowa
  • Illinois
  • Tennessee
  • Michigan
  • Colorado
  • Virginia
Read full review

Best NH Sportsbook Bonus

DraftKings Sportsbook

  • Wide variety of payment deposit options
  • Trusted brand
  • Only sportsbook allowed in NH
  • Requires a 25x turnover bonus
Welcome Offer
Deposit Bonus of up to $1,000
Claim Go to website
Website: Founded: 2012
Owner: Jason RobinsHeadquarters: Boston
Draftkings online sportsbooks odds
Online Sportsbook DraftKings Signup
DraftKings Online Sportsbook Landing Page

Summary

Author: Nils Edmondson Nils Edmondson

DraftKings is the largest fantasy sports operator in the US. Since 2018, they have established themselves as one of the country's most successful online sportsbooks. According to BettingScanner's 2020 survey, DraftKings can boast the country's highest brand awareness at 44%.

Draftkings sportsbook is operational in the following states:

  • New Jersey
  • Indiana
  • Pennsylvania
  • New Hampshire
  • Iowa
  • West Virginia
  • Illinois
Read full review

Best MI Sportsbook Bonus

PointsBet Sportsbook

⭐⭐⭐⭐
  • $2,000 worth of risk-free bets
  • 2 opportunities to place a risk-free bet
  • Unique points betting option
  • Michigan specific promos
  • PayPal payment option
  • Risk-free bets must be same value of your deposit
  • No cash-at-cage payment option in Michigan
Welcome Offer
2x risk free bets worth $2,000
Claim Go to website
Website: pointsbet.comFounded: 2017
Owner: PointsbetHeadquarters: New Jersey
PointsBet Sportsbook
Pointsbet_signup
PointsBet Promos

Summary

Author: Nils Edmondson Nils Edmondson

BettingScanner's verdict 9/10

Pointsbet is an Australian company, that launched in the US in 2019. The sportsbook places a heavy emphasis on point spread betting, a unique form of betting where you are rewarded, or docked points, according to how wrong or right a bet was.

Read full review

Best IN Sportsbook Bonus

Unibet Sportsbook

⭐⭐⭐⭐⭐
  • Only sportsbook to offer a no-deposit bonus in the US
  • Accepts PayPal for deposits & withdrawals
  • Excellent variety of bets
  • No loyalty program
Welcome Offer
$500 risk-free bet
Claim Go to website
Website: Founded: 1997
Owner: Kindred GroupHeadquarters: Malta
Unibet_homepage
Unibet_promos
Unibet_signup

Summary

Author: Nils Edmondson Nils Edmondson

BettingScanner's Verdict: 8/10

Unibet belongs to Kindred Group - an online gambling operator based in Malta. Unibet launched its website in 1999. The Company now has offices in the UK, US, Italy, Australia as well as many others.

Unibet are operational in New Jersey, Indiana and Pennsylvania.

Read full review

Best TN Sportsbook Bonus

FanDuel Sportsbook

⭐⭐⭐
  • Tried & tested brand
  • Excellent mobile betting
  • Wide selection of deposit options
  • Great loyalty scheme - includes prepaid card
  • Requires a matched deposit for your risk-free bet
Welcome Offer
up to $1,000 risk-free bet
Claim Go to website
Website: Founded: 2009
Owner: Flutter Entertainment (previously Paddy Power Betfair)Headquarters: New York City
Fanduel Sportsbook
Fanduel Sportsbook Promos
Fanduel Sportsbook Desktop

Summary

Author: Nils Edmondson Nils Edmondson

The New York-based company began life as a daily fantasy sports provider but now can claim to be the country's most popular sportsbook. According to BettingScanner, it enjoys the second highest brand awareness rate in the US (41%).

Fanduel Sportsbook is operational in the following states:

  • New Jersey
  • Pennsylvania
  • West Virginia
  • Nevada
  • Indiana
  • Iowa
  • Illinois
  • Tennessee
  • Michigan
  • Colorado
  • Virginia
Read full review

Online Sportsbooks Bonuses 2021

The legal online sports betting industry in the US is still in its infancy. This means that sportsbooks are still throwing their weight behind marketing campaigns that could attract new customers. Fortunately, for US bettors this is usually in the form of some truly unbelievable welcome offers and new player promos.

These sign-up bonuses can come in a number of forms and can include different terms and conditions. That is why it is essential that you know exactly what you are signing up for before you make your first deposit. On this page, we have selected the very best bonuses - divided into categories - with a thorough explanation of how they work and what value they can offer you as a new customer.

signup bonus

As it stands, some states have legalized sports betting and some are still in the process of passing a bill that would allow online wagering. This means that you must check if you are able to legally bet in the state that you are currently located.

It is completely legal to sign-up to a sportsbook in any state in the US, but you must be physically located in a state where sports betting is legal and your sportsbook is licensed in order to use your bonus.

There are three major bonus categories that we go into further detail below. They include:

  1. Risk-free bonuses
  2. No-deposit bonuses
  3. Deposit bonuses

Sportsbook Deposits & Withdrawals 2021

Where can you collect betting bonuses?

Colorado → The Centennial State went live with online sports betting in mid-2020. It now boasts over five legal online sportsbooks.

Illinois → The state came online in 2020 but has since wrestled with in-person sign-up regulations. Things appear to have been cleared up and you can now sign-up and collect your bonuses online.

Indiana → The Hoosier State has emerged as a frontrunner in the burgeoning sports betting industry with a great selection of new sportsbooks.

Iowa → The Hawkeye State may only be home to 3 million people but it already has three legal online sportsbooks live in the state with more expected.

Michigan → In 2021 the first legal online sportsbooks went live. There are now five online sportsbooks active in the state and an excellent selection of sign-up bonuses.

New Hampshire → DraftKings is the only online sports betting operator allowed in the state.

New Jersey → The Garden State has the most amount of sportsbooks & bonuses in the country.

Pennsylvania → Not far behind is PA with a couple less sportsbooks but still a great selection of new play bonuses.

Tennessee → The state went live in 2021 and has since welcomed a number of reputable online sportsbooks.

Virginia → Live since early 2021 the betting market is growing rapidly.

West Virginia → The Mountain State has been live since 2019 and hosts a number of reputable & legal online sportsbooks.

Sportsbook Bonuses FAQS

There are a number of different bonuses currently being marketed by the major online sportsbooks. This can be confusing for new customers. We have listed the most FAQ we receive about sportsbooks bonuses to make your life a little easier.

What is a sportsbook bonus?

A sportsbook bonus is simply a promo where you will receive a free bet as a reward. A bonus is usually offered when a new player chooses to sign-up to an online sportsbook and place their first deposit.

A free bet is a form of a voucher, which allows you to place a wager - of an amount designated in the terms & conditions of the bonus. Usually, there is a turnover requirement attached to a free bet, for example, you may need to win 3x bets with your free bets before it can be converted to cash.

How do sportsbook bonuses work?

Sportsbook bonuses are a form of promotion that allows you to place a wager for free. The amount you can wager in the form of a bonus will be stipulated by the sportsbooks.

There are different types of betting bonuses. The risk-free bonus acts a form of insurance, which means that if you lose your wager you will receive your original wager back in the form of free bets. A deposit bonus means that you receive free bets equal to the amount of your first deposit (capped at a stipulated amount). A no deposit bonus means that you receive a bonus in return for signing up to a sportsbook, you are not required to deposit any cash to collect this bonus.

What is the best sportsbook bonus?

The best sportsbook bonus is a bonus that contains the least amount of terms and conditions and does not require you to place a large deposit to qualify.

At the moment Unibet offers a 4x$10 no deposit bonus for new players. As well as a $500 risk-free bet. The sportsbook is live in NJ, PA & IN.

What is a free bet?

A free bet is a form voucher that allows you to place a bet for a stipulated amount.

There will always be a turnover requirement associated with a free bet. This means that you need to ‘win’ with this free bet a certain number of times. The turnover requirement can vary from anything between x1 to x25.

What is a sportsbook bonus no-deposit bonus?

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 free bets.

Can you cash out bonus bets?

You can cash out a bonus bet when you have satisfied the turnover requirements stipulated in the terms and conditions of the promo.

For example, DraftKings requires you to win x25 with your bonus before it can be cashed out whereas 888sport only requires an x1 turnover.

Sportsbook Bonuses

This year you will find some of the best bonuses ever offered to new players.

This is because the US, the world’s largest economy is still in the process of opening its sports betting industry after the Senate removed the federal ban on sports betting in 2018.

The result of this ruling has led to a gold-rush of established sportsbooks hoping to grab a portion of the market share. With such a large opportunity and such high competition, sportsbooks have focused on welcome bonuses as a way to lure new customers to their brand.

This is both good and bad for you as a new sportsbook customer. It is good that you have some simply outrageous welcome bonuses to choose between. However, in their haste to attract new players and appear more generous than their competitors, some sportsbooks have made misleading claims.

On this page, we go through what sportsbook bonuses offer the best value, which ones you can trust and how to sign-up.

sportsbook bonus

No-deposit bonuses

A no-deposit bonus is the best form of bonus as it does not require you to make a financial commitment in order to receive your bonus.

All you need to do simply sign-up to the sportsbook in question and you will receive your free bets. This type of bonus is much rarer than other forms of welcome bonuses precisely because it does not require any commitment from the customer. It is an incredibly good deal for you as a new player as it allows you to place a bet for free.

Sounds too good to be true right? Well, not really. A sportsbook may slap on a heavy turnover requirement, which means you need to win with your bonus multiple times before you can withdraw the money as cash. However, in this instance, you are not losing any of your own money, so it's no loss to you.

This leads us nicely on to the next point, and that is the aim of a no-deposit bonus really shouldn't be to pick up free money. The objective should instead be to use it as an opportunity to learn how to place bets and test a sportsbook out without spending any of your own cash. You can think of it as a free trial.

Unibet has been the only online sportsbook in 2021 to offer a no-deposit bonus.

A no-deposit bonus is rare because people can abuse the promotion by signing up, using the free bets and then cashing out. That is why sportsbooks will never offer a huge amount of no-deposit bets at once.

Owlie no deposit bonus

This form of bonus is a good indicator of how good a sportsbook is, as they will only offer this bonus if they are confident that new customers will enjoy and continue to use their product. Currently, Unibet is the only sportsbook in the US that offer no deposit bonuses. In Indiana and New Jersey, they offer $40 which is an incredible offer, there are not many companies that would give away $40 to new customers without some form of deposit made. However, they have split this $40 into four segments of $10 in order to reduce the risk that you will simply place a $40 bet, win and cash it out.

A no-deposit bonus is a huge indication that a sportsbook believes in its product.

If you think about it, a company that is willing to offer you a load of free bets just to download their app and sign-up must have faith that they will be able to retain you as a customer otherwise this would make no business sense.

Pros & Cons No-deposit Bonuses
Nils Edmondson

Nils Edmondson

No-deposit Bonuses - Pros 👍

+ You do not have to deposit any money in order to collect your bonus.

+ You only need to sign-up for the sportsbook in order to qualify. This allows you to trial the sportsbook without risking your own cash.

+ No-deposit bonuses are usually split into smaller denominations. This means that you can place a few free bets rather than just one (which is usually the case with other bonuses).

No-deposit Bonuses - Cons 👎

- As this form of bonus requires no financial commitment. Therefore the amount included in the bonuses will be smaller than the risk-free or deposit bonuses.

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Is Unibet safe?

3 May 2021

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Deposit Bonuses

A deposit bonus simply means that you will receive free bets equal to the amount of your first deposit. There will be a minimum deposit, usually of $10, required in order to qualify for the promo, as well as a maximum amount which can vary considerably depending on the sportsbook. Currently, there are deposit bonuses with a cap at $250 and others with a cap at $2,000.

Now, your gut reaction might be to pick the higher amount, however, there are three crucial factors that you must consider before you pick a deposit bonus.

First, you must take into consideration the turnover requirement that is included in the small print. A lot of online sportsbooks will only require a 1x turnover before the money is yours whereas some can ask for a x25. This means can affect the value of the promo much more than the actual total amount offered. For example:

  • Sportsbook A offers you a $2,000 deposit bonus with a x10 turnover requirement.
  • Sportsbook B offers you a $500 deposit bonus with a x1 turnover requirement.

In this instance, Sportsbook B is a much better choice. Although Sportsbook B has credited you with $2,000 in free bets, you will need to win ten times with these free bets before you can cash out. Since there will be a minimum odds requirement on these free bets, you can' simply place a wager on ten safe bets, so the chances of you winning ten times is very slim.

This leads us to the second factor to take into account and that is your deposit requirement. As the bonus is matched to your deposit you will need to invest $2,000 of your own money to receive the $2,000 bonus. Since you are a new customer, you won't even be sure if you like their product so we do not recommend you ever invest this type of money in a deposit.

Finally, it is important to consider if the deposit bonuses are divided into credits. The more divided a deposit bonus is, the better it is for you as it allows you to place a number of free bets, rather than place one huge bet. Let's consider the following options and pick one that is of the best value:

  • Sportsbook A offers you a $2,000 deposit bonus with a x10 turnover requirement.
  • Sportsbook B offers you a $500 deposit bonus with a x1 turnover requirement.
  • Sportsbook C offers you a $500 deposit bonus split into $10 bet credits. The credits require a x10 turnover requirement.
  • Sportsbook D offers you a $250 deposit bonus split into $10 bet credits. The credits require a x1 turnover requirement.

There is one clear winner here and that is Sportsbook D. Although they offer the smallest amount, they allow you to place lots of individual bets, allowing you to test their product multiple times, and increase your chance of winning. They also only require a x1 turnover which is much more realistic that Sportsbook D, which would require you to win x10 with lots of smaller multiple bets.

Pros & Cons with Deposit Bonuses
Nils Edmondson

Nils Edmondson

Deposit Bonus - Pros 👍

+ Plenty of huge deposit bonuses - ranging from $500 to $2,000.

+ You can dictate how much bonus your receive (if you deposit $10 you get a $10 bonus).

Deposit Bonus - Cons 👎

- You will need to deposit large amounts of your own money to qualify for the larger deposit bonuses.

- Deposit Bonuses usually only allow one wager.

Risk-Free Bets

A risk-free bet is insurance against your first wager.

This means that if you lose your first bet you will receive your original wager back in the form of a free bet. The amount you can place as a first wager will be capped at an amount stipulated by your sportsbook.

risk free bonus

Terms and conditions will vary but most online sportsbooks will require that you place only one risk-free bet. It is important to consider this fact when you are comparing bonuses. If a sportsbook offers you a $2,000 risk-free bet, for example, you will need to place a $2,000 bet of your own money to claim your bonus. Although this means you will get $2,000 back in free bets, you will still need to deposit $2,000 of your own money, to begin with. The free bet will, in turn, contain a turnover requirement. You will also need to use the free bets within a certain time period.

All this considered a risk-free bet is still an excellent choice for a new customer. It allows you to place your first bet, safe in the knowledge that not all will be lost if you wager doesn't win.

Pros & Cons with Risk-Free Bets
Nils Edmondson

Nils Edmondson

Risk-free 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 without risking your money.

Risk-free Bets - Cons 👎

- It can appear as a 'get your money back' offer when in fact it gets your wager back in free bets. Most of these free bets only require a 1x turnover but others can contain a much higher turnover requirement which can impact the value of the bonus.

Best Risk-Free Bonus

Best Risk-Free Bonus 2021

2x risk free bets worth $2,000

  1. New customers only
  2. Single bets only
  3. Free bets expire after 7 days
  4. NJ, IO, IL, IN, MI and CO players only

Jacob Ljungren

Jacob Ljungren

Bonus Hunter 🏹

PointsBet's risk-free bonus is split into two parts - allowing you two risk-free wagers. The first is a risk-free bet of up to $500 on a fixed-odds wager. The second is a risk-free bet of up to $1,500 on a points bet which is the sportsbooks unique form of wagering where there is a scale to winning or losing - with points docked or rewarded depending on how right or wrong your bet is. You read about points betting in our PointsBet review.

So why is this good? Firstly, it allows you two wagers whereas every other risk-free bet bonus on the market requires that you place one. Secondly, it is a huge amount of money that you could potentially win, especially considering that you win some outrageous money using points betting - as it is a sliding scale.

Do we trust the PointsBet Bonus? Yes, we do. We have scoured the small print and there are no widely false claims - such as a multiple turnover requirement.

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Free bets

A free bet is a form of a voucher that allows you to place a wager for a designated amount. A free bet is not free money, as it will include a turnover requirement stipulated by the sportsbook. This means that you will need to win with the free bet a certain amount of times before it can be withdrawn as cash. This turnover requirement can vary anywhere between 1x and 25x.

There is also an expiration date for free bets, usually, this is 7 days.

How to collect a bonus

Collecting a bonus should be a straightforward process. First, you need to sign-up to the sportsbook in question. If you click on the CLAIM button that is located beneath the sportsbooks we have listed then you will automatically be referred to the exclusive welcome bonus sign-up page which means you will automatically collect your bonus when you sign-up

Remember how you collect your bonus depends on what type of bonus you have.

If you have a no-deposit bonus you will need to first sign-up to the sportsbook in question and then claim your no-deposit bonuses.

If it is a deposit bonus then you will need first sign-up and make a deposit. Now, remember that the first deposit you make will be equal to the size of your bonus. So, if you deposit $100, you will receive $100 in free bets.

Finally, when you collect a risk-free bet you will need to sign-up and claim your bonus. You should then automatically have your risk-free bet activated with your first wager. Remember almost every sportsbook only allows you a risk-free bonus with your first wager, so go a little wild with your first one, then you can settle for safer bets.

To collect your bonus you will need to go through the sign-up process. This will vary between sportsbooks but you will always need certain information. This includes:

  • Full name
  • Address
  • E-mail address (verified)
  • Social security number
  • Proof of residency

Sportsbook Bonuses: T&Cs

Free bets? Risk-free wagers? No-deposit bonuses? Well, it wasn’t going to be long before the pesky terms and conditions came along to rain on your parade.

Now, we are not saying that there is some real value in many of the welcome bonuses out there, but it is essential that you fully understand the T&Cs before you claim them. It’s as much about weeding out the misleading bonuses as it is about expectation management.

There are a few T&Cs that are pretty universal. The first is the concept of a free bet. We have already gone through this but it cannot be stressed enough that free bets are not free money. You will have to win with this free bet before you can potentially cash any money out. Often, this turnover requirement will be much higher, like with Draftkings which requires you to win twenty-five times with your free bets before the money is yours. This makes their claim of $1,000 in free bets misleading in our opinion.

Another universal condition placed on free bets is a use-by date. The industry standard is 7 days but it can vary. If you do not use the free bets within these days the you say goodbye to your well-earned free bets.

There will also be wager requirements placed on your bonuses. This means that you must place a wager at minimum and maximum odds. You may also only be able to place a wager on certain events. Most bonuses will only be available for fixed odds wagers and moneylines.

There are lots of individual T&Cs that will be specific to each bonus. On our site, we look to highlight the major T&Cs so you don’t have to read through all the small print.

Sportsbook Bonuses: Deposits

If you want to collect your deposit or risk-free bet with a new sportsbook then you will need to make an initial deposit.

To do this you need to select a payment method. Most online sportsbooks offer these primary options:

  • Visa/Mastercard
  • Online Banking
  • PayPal
  • Cash in Cage
  • Play+ (prepaid card)

At first glance, a Visa or Mastercard transfer might seem the most obvious, but we do not recommend this payment method, for a number of reasons. Firstly, many banks still do not permit payments to sportsbooks even if they are licensed and legal in your state. Secondly, if you do manage to deposit money into your account, you may not be able to withdraw your winnings using the same method. This can cause you all sorts of problems, especially if you cannot find a viable option.

It is always recommended that you use the same methods for deposits and withdrawals and by far the most popular and reliable platform is PayPal.

PayPal acts as a middleman and allows you to bypass the banking regulation. The platform also adds an added layer of security thanks to its state of the art encryption.

If you want to know more about using PayPal to deposit and withdraw funds then you can click on the link below.

Skrill is also growing in popularity and is a safe and reliable way to transfer funds. We have not listed it above as not all online sportsbooks currently offer it as an option. Currently the following accept Skrill:

  • Bet365
  • Unibet
  • BetMGM
  • Fox Bet

Skrill works almost exactly the same as PayPal and its interface is just as easy to use. Skrill is more commonly used in the sports betting industry whereas PayPal is used by all types of merchants. This has given PayPal a competitive advantage as more customers are already acquainted with their system and already have an account with them. However, Skrill’s platform is incredibly easy to work out and it should only take a few minutes to sign-up and have made your first deposit.

The main difference between the two platforms is that Skrill charges $5.50 on withdrawals and PayPal charges a 2.9% deposit fee along with a $0.30 flat fee.

If you would like to find out more about depositing and withdrawing using Skrill then we can recommend you click on the following link.

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