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Finding the best online sports betting bonuses is an important part of becoming an expert bettor. There’s a lot of resources on the line in sports betting sites that welcome bonuses, and some details that can be confusing at first. We have laid out all the ins and outs of sportsbook betting bonuses, and how to make the most out of them. The best online sports betting sites in one place! Read the sportsbook reviews and select your welcome bonus. Place bets online during live sports events and pre-match bets. Find the best betting sites and offers from online sportsbooks. Read our insiders' reviews, compare free bets, bonuses & promotions, and find the online sportsbook tailored for your needs. Sportsbook: Bonus Details: Get Bonus: Bovada: 50% bonus up to $250 – This bonus has a very reasonable 5x rollover with few restrictions, and is offered by one of the best overall sportsbooks, making it our top pick.: Visit Site. SportsBetting.ag: 50% match bonus up to $1,000 – This bonus. 2 days ago  FanDuel, one of the country’s top sportsbooks is offering one of the best bonuses for new users looking for action on the Super Bowl. If you were on the fence about joining FanDuel and are.

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Sports betting bonuses are the best way to make the most of your wagers. They help turn even the smallest bets into sizeable payouts, and extra money goes a long way when you’re managing your bankroll.

Online sportsbooks are becoming increasingly competitive, and they’re ramping up their promotions to attract new sports bettors. You should keep an eye out for all types of bonuses, even if this is your first-time wagering.

Keep reading to learn more about the best sports betting bonuses in 2021.

Bonus Offers You Should Look For

Sportsbook bonus offers can differ on each betting site, but there are a few household examples you can find at almost any major provider.

Some of the best sports betting bonuses include:

• Sign up bonuses
• Deposit matching
• Risk-free bets
• No deposit bonuses
• Free bets
• Parlay insurance
• Boosted odds
• Reload bonuses

Let’s explore each of these bonuses in detail and highlight some of the best examples from different sportsbooks.

The Different Types of Sports Betting Bonuses and How They Work

Best Sports Betting Bonus

There are many bonuses available at multiple different bookmakers. The terms and conditions vary depending on who you’re betting with, but they’re all structured in similar ways, so don’t get caught up in the fine print.

Best Sports Betting Sign Up Offers

Welcome offers are usually the best sportsbook bonus offers, but you can only use them once. They’re more valuable than most ongoing offers, and they’re designed specifically to attract new players.

Here are the best sports betting sign up bonuses:

You should opt-in to a welcome offer if you’re looking to sign up with a platform like DraftKings, FanDuel, or PointsBet.

Now, you might be wondering, “What’s a deposit bonus? What’s a risk-free bet?”

We’re about to get into all that and more!

Deposit Match

A deposit match bonus is typically offered for signing up with a sportsbook. This promotion will match a certain portion of your initial deposit and reward you with an equal amount in bonus funds.

Deposit Match Bonus Pros:

• Opportunity to double your funds
• You can use the bonus funds on many different wagers

Deposit Match Bonus Cons:

• Usually has a playthrough requirement – bet a certain amount to collect a bonus dollar

Best Deposit Match Bonus Offer: DraftKings

DraftKings will match 20% of your first deposit up to $1000. If your first deposit on DraftKings is $500, you qualify for a bonus credit of up to $100.

You can collect the bonus money by placing more bets with DraftKings. You receive $1 in bonus money for every $25 you wager until you reach the total amount.

This is a strong bonus offer, and you should take advantage of it if you see it at any sportsbook.

Risk-Free Bets

A risk-free bet will cover your wager if you happen to lose. You can find risk-free bet bonuses on sign up or as ongoing promotions.

Risk-Free Bet Pros:

• Receive bonus funds if your first bet with a sportsbook is unsuccessful
• Like the name suggests, there’s no risk

Risk-Free Bet Cons:

• No bonus if your first bet is a winner

Check out our full guide to risk-free bets if you’d like to know more.

Best Risk-Free Bet Offer: FanDuel

Say you sign up with FanDuel and opt-in to their welcome offer. If you make a $500 bet on the Super Bowl and you lose, FanDuel will return your $500 wager in the form of site credit.

The FanDuel welcome offer will cover you up to $1,000 in the event your first deposit loses. Hard to argue with that deal.

No Deposit Bonuses

Some say nothing in life is free, but no deposit bonuses would beg to differ. A no deposit bonus is a free bet that’s usually offered for signing up with a sportsbook.

Just sign up, place your no deposit bonus, and you keep all the winnings subject to terms and conditions.

No Deposit Bonus Pros:

• As the name suggests, no deposit required to earn the bonus
• Keep any winnings you made with the bonus

No Deposit Bonus Cons:

• Hard to find

No deposit bonuses are harder to find than risk-free bets, but you should be jumping for joy if you come across one.

We also have a guide to no deposit bonuses. You can find all the details right here.

Free Bets

Free bets are self-explanatory. Sports betting sites offer a small portion of funds, usually delivered in the form of site credit, that you can use to place bets.

Free Bet Pros:

• Use free bonus funds to place bets
• Site credit is easy to use

Free Bet Cons:

• Smaller amount than a no deposit bonus

You can find free bets as sign up offers or as ongoing promotions. They’re similar to no deposit bonuses but usually smaller in total value.

Best Free Bet Offer: BetMGM

BetMGM has a great free bet promotion. They call it the Monday Money Club, which rewards you with a $10 free bet bonus amount every week.

All you have to do is opt-in to the promotion, spend $50 over the course of a week on BetMGM, and you get $10 in site credit.

Parlay Insurance

Parlay insurance is an excellent bonus if you like making multi-tiered sports bets. It gives you a small refund if you lose your parlay by just one leg.

Parlay Insurance Pros:

• The ability to make a high risk, high reward bet with more confidence
• Flexible betting options

No Deposit Sportsbook Bonus Codes

Parlay Insurance Cons:

• Only one leg of the parlay is covered

Best Parlay Insurance Offer: FanDuel

FanDuel has a couple of great parlay insurance promotions.

The multi-sport parlay insurance promotion asks you to build a 5-leg parlay with games from any eligible sport. The same game bonus asks for a 3-leg parlay, but with games from the same sport.

No matter which insurance you choose, your wager is covered up to $25 in the event you lose by just one leg.

It’s a rough feeling when you miss a big payout, but it’s not as bad when you have parlay insurance. See our comprehensive breakdown for more information.

Boosted Odds

If you’re the type of shopper who just can’t resist a good deal, then boosted odds are right up your alley.

Sportsbooks temporarily offer increased betting lines on certain outcomes. This is referred to as an odds boost, boosted odds, or a bet boost.

Boosted odds increase your potential payout, and they’re offered on a variety of different bets, including:

• Totals and over/under
• Point spread
• Moneyline
• Specific prop bets on a team or player

Boosted odds are designed to entice bettors into wagering on games or propositions they otherwise might not interact with.

Boosted Odds Pros:

• Increased payouts
• Multiple wagers available

Boosted Odds Cons:

• Only available for a limited time

Odds boosts can change daily, so it’s best to check with your preferred sportsbook to see what they have going. Learn more about boosted odds with our comprehensive guide.

Best Odds Boost Offer: FOX Bet

FOX Bet is a great place to start if you’re looking for good bet boosts. They have a “super boost” with even better odds available every Saturday, which is great for wagering on big weekend games.

Reload Bonus

Best Online Sportsbook Bonuses

We mentioned that online sports betting sites are doing everything they can to attract new customers. It turns out they’re even more motivated to keep you around long after you’ve placed your first bet.

Reload Bonus Pros

• Free additional bonus funds
• A great reward for being a loyal customer

Reload Bonus Cons:

• Hard to find

Reload bonuses reward loyal customers for making frequent deposits. Your first deposit with a sportsbook might come with a 100% bonus, and subsequent reload bonuses might offer up to 25% in bonus amounts for adding more to your virtual wallet.

Reload bonuses can be hard to find, but you’ve got nothing to lose if you happen to see one.

Other Terms and Conditions

There’s a few key terms and conditions you should be aware of when it comes to the biggest sports betting bonuses.

Rollover Requirement: The minimum wager amount, or the number of bets you must place before withdrawing a bonus. Also known as a wagering requirement or playthrough requirement.

Odds Requirements: Some bonuses can only be used on betting lines above or below specific odds.

Free Play Bonus: A credit that can be used on a specific sportsbook, as opposed to a cash value.

Cash Bonus: A real money bonus that can be withdrawn from your account. These might be subject to a rollover requirement.

Time Limit: Some bonuses expire after a certain amount of time has elapsed.

Want to Know More? We Have All the Answers

Whether you’re betting on the NFL, NBA, or any other major professional sports, SportsBettingDime.com has you covered!

Visit our Bonus Section to see all the best sports betting bonuses available on the market.

Best Sportsbook Bonuses

Sportsbook bonuses are not created equal! Some are real cash, some are match plays/free plays and almost all have different rollovers and holds before you qualify to submit for a withdrawl/payout. Although each can have their pros and cons, there is a match out there for everyone.

At Predictem we don’t just rank the bonuses by size and let you figure out the fine print when you get there. We are looking at the total bonus package. Here are the factors that our team considers when listing a bonus.

Compare Sportsbook Bonuses

Bitcoin Sportsbook Comparison

Cash VS Free-Play?

A cash bonus is what it sounds like. It’s cash in your account balance. The sportsbook essentially pays you to try them out. If you deposit $100 for a 20% bonus, your balance is $120.

A free-play is typically marketed the same way as cash. The sportsbook might have the same type of advertisement around the web or on its homepage: “Get Your 20% Bonus!” But this sucker here is really 20% in free bets. That means the same $20 free play only becomes $20 in your balance if you win $20 betting it. A free-play is roughly worth half of its cash bonus counterpart. If you bet that $20 on an even money baseball team, you have about a 50% chance of winning and therefore 50% chance of turning that free bet into cold hard cash. So, that free-play is worth 10% cash to you.

Rollover or “Play-through” Requirement

A single rollover AKA play-through is essentially wagering the amount of your BONUS AMOUNT + INITIAL DEPOSIT AMOUNT. Over the years we have received a surprisingly high amount of emails from players complaining that the sportsbook gave them their bonus, of which they bet and lost, and then those damn sportsbook scammers would not let the player withdraw the deposit! Of course not. That would be silly. The bookmaker can not give you a free shot at their money without a chance to turn a profit. So how many times should you expect to rollover the funds before being able to withdraw?

During the past 15 years I have told players to look at the bonus percentage divided by the rollover required. Players should start by cutting the percentage in half if it is a free play as mentioned earlier.

Using Bovada’s 50% cash bonus as an example:
50% / 5x rollover = 10% cash per roll, or using the max bonus amount $250 / 5x = $50 per $500 bet

Rollovers change along with bonus amounts seasonally. Sportsbooks tend to be more aggressive before football season when player value is the highest. But a good average to expect is around 1.5 times per 10% bonus. You can also look at a bonus as temporary discount of vig per bet. Often times a bonus will equate the price to -105 reduced juice or even plus money as in this case..

A Rollover that is not actually based on what you risk betting?

Best Online Betting Bonus

Unfortunately for every five real gamblers there is about one bonus hunter. A bonus hunter is a person who is a worthless greedy scumbag doing absolutely nothing wrong but is betting out bonuses for the sole purpose of separating the book from these funds. These opportunists have cost the real sports bettors big perks over the years. One of the ways the sportsbook risk managers have countered players who let their deposit and bonus ride on 20-1 favorites is by USING THE LESSER OF THE RISK WIN. This means that if you bet $20 to win $1, you have rolled over $1. If your risked $20 to win $18, you have rolled over $18. These are the types of rules that can leave a bad taste in an unsuspecting players mouth when he finds out he needs to bet a lot more money yet the Super Bowl just ended and he only likes to bet on NFL football Teasers. Take note of these rules to see if your betting habits are in line with the promotion’s conditions. For most players who enjoy straight bets on sides and totals, the added rollover is not noticeable.

No Payouts for 30 Days

A rule that is not uncommon and also in place to mitigate bookmaker risk: No payouts for 30 days. People who have stolen an identity, or just bonus hunt before betting both sides of a game, are less likely to target a bonus that has an initial hold on the funds. It slows down the angle shooter’s operation but rarely bothers the legit sports bettor who was already planning to settle in for a month of betting their favorite sport. But this type of bonus isn’t for everyone and we hate to see people who deposit money they need for their rent get in a jam.

Bonus Maximums

If you are betting $5,000 per game, a 50% bonus doesn’t mean much when you come to find out it has a $200 maximum. 50% is great but its relative to how much you are investing. If AppleBees gives my family a free molten lava cake with our dinner my kids and I are high fiving and shoveling it down like Jesus baked it. If BMW gives me a Molten Lava cake with the purchase of my BMW M5, that cake is is going to end up hitting the first speed limit sign at 80mph. If you are a big bettor, you probably care more about the bonus maximum more than anything else talked about in this guide. (Of course I would definitely eat the hell out of that cake in the dealership parking lot.)

Can Be Higher Depending on the Deposit Method

Keep an eye out for higher bonuses awarded to bettors willing to use certain deposit methods. Often times a sportsbook lines up a cheaper way to handle transactions and wants to introduce it to customers. To make that happen you might see higher bonuses and better terms. In the past few years players willing to deposit with bitcoin have been given more bonus cash. Recently newer less expensive cryptocurrency has popped up and books offer a larger bonus for using it. At PredictEm we will add each bonus independently, regardless of if the sportsbook is listed more than once.

Sportsbook Bonuses are Great, But…

A sportsbook bonus is great, as it allows you to win before you’ve even placed your first bet. But it’s actually not the best option, especially if you can beat the bookie.

Let’s say you deposit $100 and get $100 free. Yahoo! You’ve doubled your bankroll! Free money is good money, however… You could be getting SO much more value. A bonus is a one-time thing. If you were to choose a sportsbook that offers reduced juice betting, which allows you to bet on games at -105 odds rather than the standard -110, you’re essentially getting a bonus every single time you bet! Not just a one-time gratification. The reduced juice lasts forever. A bonus is a one night stand. Reduced juice is the girl you want to marry! Let’s pencil this out so you can see the massive bang you get for your buck, opposed to getting the lesser valued bonus:

Example 1: Deposit $100, get $100 free. You made $100 on this deal.

Example 2: You chose to skip a bonus and roll with reduced odds betting at -105 odds. Let’s say you bet an average of one game per day, risking $105 to win $100. You saved $5 per bet x 7 bets per week = $35. There’s 52 weeks in a year. $35 in vig savings x 52 weeks = $1,280 a year. As you can see, there’s so much more value in grabbing $1280 opposed to a hundred bucks. Not to mention, the savings you’ll accrue over ten years: Over $12K! Skip the bonus and get signed up at BetAnySports. You’ll be so glad you did!

MyBookie

• 100% Real Cash
• Bonus Code: PREDICT100
• Rollover 5X
• Max $300
• Rollover based on: Amount Risked
• Payout Hold: 30 days
• Deposit Methods: All

Bovada

• 50% Cash
• Rollover 5X
• Max $250
• Rollover type: Lower Risked or Won Amount
• Payout Hold: None
• Deposit Methods: All

BetNow

• 100% Cash
• Rollover 8X
• Max $1000
• Rollover type: Lower Risked or Won
• Payout Hold: None
• Deposit Methods: All

GTbets

• 100% Cash Rollover 20X
• Max $500
• Rollover based on: Amount Risked
• Payout Hold: None
• Deposit Methods: All

Bookmaker

• 25% Cash
• Rollover 8X
• Max $1000
• Rollover based on: Amount Risked
• Payout Hold: None
• Deposit Methods: All

Intertops

• 50% Cash
• Rollover 4X
• Max $200
• Rollover based on: Amount Risked
• Payout Hold: None
• Deposit Methods: All

Sportsbetting.ag

• 50% Free Play
• Rollover 10X
• Max $1000
• Rollover type: Lower amount of Risk or Win
• Hold: 30 days
• Deposit Methods: All

BetOnline

• 50% Free Play
• Rollover 10X
• Max $1000
• Rollover type: Lower amount of Risk or Win
• Payout Hold: 30 days
• Deposit Methods: All

Sportsbooks Offering the Best Crypto Bonus

Bovada “BTC Bonus”

• 50% Cash
• Rollover 5X
• Max $500
• Rollover based on: Lesser of Risk/Win
• Payout Hold: None
• Deposit Methods: Bitcoin Only

BetOnline “Crypto Bonus”

• 100% Free Play
• Rollover 14X
• Max $1000
• Rollover type: Lower amount of Risk or Win
• Payout Hold: 30 days
• Deposit Methods: Bitcoin, Bitcoin Cash,
  Ethereum, DASH or Litecoin

Sportsbetting.ag “Crypto Bonus”

• 100% Free Play
• Rollover 14X
• Max $1000
• Rollover type: Lower amount of Risk or Win
• Payout Hold: 30 days
• Deposit Methods: Bitcoin, Bitcoin Cash,
  Ethereum, DASH or Litecoin

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