Welcome Bonuses / Sign Up Bonuses / First Deposit Bonuses
The most common form of bonus paid out by online casinos and sports betting sites is called a welcome bonus or a "deposit bonus." Welcome bonuses are like little gifts to welcome new customers, and they usually exist as a match bonus, meaning the book will match your deposit at a certain percentage and up to a certain dollar amount. As with all sports bonuses that are legal, there are stipulations involved when getting these bonuses. Primarily, there are wagering requirements and other criteria you have to meet before you can withdraw any winnings associated with your welcome bonus. But if you plan on placing more than a few bets at your new sportsbook, the welcome bonus can be a great way to pad your bankroll.
Bovada - Lowest Rollover Of All Sportsbook Welcome Bonuses: 3x Rollover
Bovada was created by Bodog as a way of legally accessing the North American gambling market after the passing of the 2006 UIGEA bill, restricting American bettors’ financial options for depositing and withdrawing funds to and from their gambling accounts.
The Bovada welcome bonus is a 50% match bonus worth up to $250. To earn your free $250, you'd have to deposit $500 and meet Bovada's wagering requirements. The best part about this bonus is that it is one you can actually turn into real cash that goes in your pocket. Its manageable rollover requirement of just 5X is something that most sports bettors can handle, even those who are complete novices.
A reload bonus is sort of like the stepchild of the welcome bonus. When a player reloads their sportsbook account with more funds, a reload bonus offers them a special reward. Reload bonuses usually mirror welcome bonuses, in that they are match awards with a set limit and certain restrictions.
BetOnline - Same Bonus From Your First To Your Last Deposit: 25% to $1,000
BetOnline Sportsbook is yet another site that offers sports bonuses that are legal, and their reload bonuses are among the best on the market. This bonus is part of their "25% for LIFE" promotion that promises a 25% match bonus on all deposits (up to $1000 in free-plays). Take note, however, that the 25% match here applies only to deposits made by wire transfers—all other deposit methods make you eligible for a 15% match bonus when you reload your bankroll.
BetOnline is happy to serve the American sports betting market even though there are many betting restrictions in the US, financially-speaking. They have plenty of friendly sportsbook deposit methods that work seamlessly for US-based customers, of course, so you should not have hesitations when joining.
"Juice" is a slang word in the sports betting industry for the cash that the sportsbook makes on each of your bets (aka "vigorish" or the "house take"). A reduced juice bonus is an offer of a slightly smaller amount of juice for the book. You don't have to be a high roller or loyal customer to find reduced juice offers at Internet sportsbooks – just do your homework to find online books that offer their clients reduced juice bonuses.
5Dimes - Great Reduced Juice Promo Where It Matters Most...FOOTBALL!!!
5Dimes is a perfect example of a typical reduced juice bonus-offering book. Standard juice at online books means wagering around $110 to win $100, with the sportsbook in question getting the remainder. 5Dimes branded Reduced Juice program (yes, they own the trademark!) lets customers risk a little less, and potentially win more, with a reduced juice bonus offer.
All spread bets and prop bets at 5Dimes on NFL, NBA, MLB, NHL, College Basketball, College Football, CFL (Canadian Football), PGA, WNBA, tennis, boxing, and UFC action require something in the neighborhood of a -105 wager, rather than the standard -110. That's a discount of 50% on standard sports betting juice. This is one of the best, albeit subtle, sports bonuses that are legal at online sportsbooks, and 5Dimes does it better than anyone else.
Land-based casinos and sportsbooks often have in-house rewards programs that are legal. Slot clubs and VIP programs are both examples of reward programs you may already be familiar with. The best sports betting sites that are legal to US bettors often have their own rewards programs that pay you cash or other prizes for your loyal business. These programs usually have point systems and tiers (or levels) you can attain, with progressively better perks for players who bet more often.
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Legal Sports Bonus FAQ’s
What is a rollover?
A rollover indicates specific monetary amounts of wagers you must place before you are able to request a payout at the sportsbook you are using. A deposit with no accepted or added bonuses always carries a rollover requirement of 1X, meaning that if you deposit $100, you have to actually wager a total of $100 before requesting any payouts associated with wagers made via that deposit. Bonuses usually add multipliers to the rollover requirements. At Bovada, for example, you can accept a 50% bonus. If you put in $100 and accept the bonus, your account will be credited with $150. This bonus has a 5X rollover, so before you can withdraw any winnings associated with this deposit and bonus, you will have to wager 5 times that $150 amount, or $750.
Does a welcome bonus apply to the casino, racebook, and sportsbook?
Most sites keep their bonuses separate and specific to which aspect of their site you are betting on. If there is a welcome bonus specific to a sportsbook at one site, they may also have certain bonuses offered for their racebook, and others for their casino section. Generally speaking, a sportsbook bonus is only good for sportsbook betting, a racebook bonus is only good for racebook betting, and so on.
Do I have to accept the bonuses offered to me?
No, you aren’t forced to accept any bonus that you do not want. You can turn them down and just place your bets as you wish.
Should I accept my sportsbook bonus offer?
This depends on you. If you are joining a legal betting site just to make a few wagers here and there as particular events arise, it is best not to accept the bonus (unless you plan to wager very large amounts of money each time). It is also advisable for those using sports betting for supplementary income (to pay bills and for similar day-to-day expenses) to reject any bonus offers.
On the other hand, you absolutely should accept sports betting bonuses if you’re going to stick around and bet regularly over the course of the year, as you’re far more likely to meet the bonus rollover requirements in a timely manner this way.