Percentage bonus on first deposit
Many sports betting sites will give you a percentage bonus when you make your very first deposit into your account. This is often called a welcome bonus.
Example: Make your first deposit and get a 200% welcome bonus up to a maximum of €500”
In this scenario, a first deposit of €100 will give you a €200, and you’ll have a total of €300 in your account to wager with.
The easiest way to find a good bonus is to use a website that allows you to see and compare bonuses from a large number of different sports books and casinos. There is a large selection of websites to chose from. Click to compare sportsbook, casino and other gambling bonuses using my preferred website.
Percentage bonus on other deposits
Some sports betting sites have a welcome package instead of just a first deposit bonus, and you might, for instance, get a percentage bonus on your first three deposits, or on your first deposit each month during your first year as a member.
There are also sports betting sites that run promotions where their current members can qualify for a deposit bonus, e.g. “Make a deposit of at least €50 during this weekend and get a 100% bonus up to a maximum of €200”.
No deposit sports betting bonus
This type of bonus isn’t tied to a deposit. It is a more rare type of bonus than the deposit bonus, and it is normally comparatively small.
For new sign-ups
Some sports betting sites offer a welcome no deposit bonus, either continously or just now and then as a part of time-sensitive promotional campaigns.
Example: “Sign-up with us this week and get a €25 no deposit bonus”
This way, you get some bonus money to bet with without having to make a first deposit. You can try out the site, see if you like it, and then decide if you want to deposit money.
Please note: On many sites, you will not be able to withdraw any winnings before you have made your first deposit. This means that if you win something when betting your no deposit bonus, a first deposit is required before you can withdraw the money. Also, winnings may be attached to a wager (play-through) requirement. Always read the fine print before you accept any bonus offer.
For current clients
During certain promotional campaigns, you may be able to win bonus money without having to make any new deposit to claim them.
For current members, the no deposit bonus can also be a part of loyalty schemes or VIP club offers.
Reload sports betting bonus
If your betting account is running low, the sports betting site might send you a personalized offer. They want you to refill your account so you can keep betting, so they send you a deposit bonus offer to entice you. This is commonly referred to as a reload bonus.
What is a risk-free bet?
Some sports sites offer so-called “risk-free bets” instead of the traditional bonus.
Exactly how these “risk-free” bets are constructed vary, so it is very important to read the terms and conditions in advance.
Example: “Make a risk free bet of €20. If you lose your money, you get them back in the form of bonus money”
The bet isn’t really risk-free, because you are betting real money and if you lose them, you get bonus money. The bonus money is almost always attached to a wager requirement, and there can also be other limits imposed upon it.
Wager requirements / Play-through requirements / Turn over requirements
Almost all bonus offers come with a wager requirement. Different terms are used on different sites, e.g. play-through requirement or turn over the requirement. In essence, the site wants to make sure that you don’t just accept the bonus money and withdraw them directly.
Example: “The bonus must be turned over 3 times at minimum odds of 1.50”
This means that for a €100 bonus, you must risk €300 at minimum odds of 1.50. The odds requirement is there to make sure you don’t play it safe just to fulfill the requirement. Trying to hedge bets in various ways to lower the real risk is typically against the rules.