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 behind getting these bonuses as there are wagering requirements and other criteria you have to meet before you gain your welcome bonus cash. 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's 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. It's manageable rollover requirement is something that most sports bettors can handle, even 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 as their reload bonus is one of the best on the market. This bonus is part of their "25% for LIFE" promotion that promises a 25% match bonus on all deposits. Take note, however, that the 25% match here applies only to deposits made by wire transfer—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 restrictions financially-speaking. They have plenty of friendly sportsbook deposit methods though so do not have hesitations when joining.
"Juice" is a slang word in the sports betting industry for the cash that the book makes on each of your bets. 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 $110 for each unit of $100 you want to win. 5Dimes lets customers risk a little less, and potentially win more, with a reduced juice bonus offer.
All bets at 5Dimes on NFL, NBA, MLB, NHL, College Basketball, College Football, CFL (Canadian Football), PGA, WNBA, Tennis, Boxing, and UFC require 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.
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 often have their own rewards programs that pay you cash or other prizes for your loyal business.
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Legal Sports Bonus FAQ’s
What is a rollover?
A rollover indicates a number of bets you must place before you are able to request a payout at the sportsbook you are using.
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 a certain bonus offered for the racebook, and casino specifically as well.
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.