There are many benefits to betting at a sportsbook. Some of them include free bet credits, deposit match, and no-deposit bonuses. Some even allow you to place a bet with no risk, or make your first wager for free. Read on to find out how to take advantage of these bonuses. Here are a few sportsbook promotions you should take advantage of:
Free bet credits
To claim a Free Bet Credit at a sportsbook, a new customer must register at the sportsbook. Then, they must place and settle a qualifying bet within 30 days of claiming the offer. The free money will then be credited to their accounts. This is not to be confused with Free Bet Credits which are cash deposited into the player’s account when they make a qualifying bet.
Deposit matches
Sportsbooks love deposit match bonuses. They not only help them gain new customers, but they also keep their existing ones happy. Bonus money means guaranteed wagering for bettors, so deposit matches at sportsbooks are a win-win situation. While deposit match bonuses are generally given to new customers, there are a few sportsbooks that run promos for existing users, too. Read on to learn how to make the most of deposit match bonuses at sportsbooks.
No-deposit bonuses
No-deposit bonuses at sportsbooks allow new users to test out a new site without risking any money. These free bets are given out after you register, and are usually in the form of free bets. The amount you can withdraw from the bonus may be limited, but it is still better than losing nothing at all. Generally, you must enter a special bonus code during registration to activate your bonus.
Risk-free first wagers
One of the most lucrative sign-up promotions offered by sportsbooks is risk-free first bets. These offers are presented as site credits or a “free bet” and are designed to draw new customers to the sportsbook. However, not all risk-free bets are created equal. To avoid being taken advantage of, it’s best to know the rules and limitations of such offers. Here are some tips that you can use to maximize your sportsbook risk-free first wagers:
Bookmaker vs. betting exchange
While most bookmakers focus on the game’s outcome, betting exchanges place bets in different markets, which is why their odds are often more favorable than those of regular sportsbooks. Besides lowering commissions, these exchanges allow you to compete with other players, thereby increasing the odds of winning bets. There are some disadvantages to using a betting exchange, however. Learn about their benefits and drawbacks so you can make an informed decision when betting.