Welcome to the exciting world of sports betting, where a single deposit can unlock a wealth of bonus funds and help take your online betting experience to the next level. In this article, we’ll cover deposit match bonuses, including how they work and what opportunities are currently available in the U.S. We’ll explain how to claim your first deposit bonus while also providing some helpful tips you can use to make sure you get the most out of your reward!
How Do Deposit Match Bonuses Work?
A deposit match bonus, in the realm of online sports betting, refers to a promotional offer where the sportsbook matches a certain percentage of your deposited amount with bonus funds. Essentially, if you deposit a specific sum, the sportsbook will add a corresponding percentage of that deposit as a bonus to your account. This type of promotion serves as an attractive incentive for users, enhancing their initial betting experience by providing additional funds to wager. Deposit match bonuses are a common strategy employed by sportsbooks to attract new customers and encourage them to explore the diverse betting options available on their platform.
One of the biggest advantages of deposit match bonuses is that they are guaranteed to benefit all new customers who register for an account and make their first deposit. Unlike first-bet insurance and second-chance bets, deposit matches do not require you to lose your first wager to get bonus bets credited to your account.
Furthermore, deposit match bonuses can vary widely vary in terms of the maximum bonus amount awarded, match percentage, minimum deposit required, expiration date, wagering requirements, and other important details. Therefore, you need to pay close attention to the terms and conditions of any offer you choose to claim.
Best Deposit Match Sportsbooks
Multiple sports betting sites have offered deposit match bonuses to their customers at times. Bettors should keep their eyes on the following sportsbooks to see if and when deposit matches are offered here once again.
DraftKings Sportsbook
DraftKings Sportsbook has offered all new customers a 20% Deposit Bonus of up to $1,000 at different times. With that offer, anyone who signs up and makes a deposit of $5 or more would automatically receive a 20% deposit match in the form of site credit. For example, if you joined the DraftKings community and made an initial deposit of $5,000, you would receive $1,000 in bonus bets that can be used on any game or sporting event of your choice.
BetMGM
Another sportsbook that has used deposit matches at times is BetMGM. BetMGM is a site that does a great job of attracting new customers, not just with their promotions, but with a ton of betting options to choose from as well. Being able to get after those betting options with extra funds from a deposit bonus is always a good thing and we will update this page if and when they bring their deposit bonus offer back.
How To Claim Your Deposit Match Bonus
Time needed: 4 minutes
Are you ready to sign up and claim your deposit match bonus? Just follow the steps provided below.
- Choose a Sportsbook
Pick a sportsbook that aligns with your personal preferences and betting needs while also offering a generous first-deposit bonus to all new customers. Visit the sportsbook’s website, or download its mobile app.
- Register for an Account
Begin the sign-up process. Enter all requested personal information, choose a username and password, and agree to the Terms & Conditions.
- Verify Your Information
Complete the account verification process by following all instructions provided by your sportsbook. You may need to provide your social security number or upload a picture of your driver’s license.
- Make a Deposit
Use any of the reliable and convenient payment options available to make your first deposit. If necessary, enter the promo code associated with your deposit match bonus offer.
- Claim Your Bonus
Your initial deposit and first deposit bonus will automatically be credited to your account. Begin placing bets on all your favorite players and teams. Good luck!
Benefits of Deposit Match Bonuses
Deposit match bonuses are beneficial to sports bettors in a variety of different ways. Here are a few of the biggest advantages offered by this specific type of welcome offer:
Increased Betting Budget
The most obvious benefit of deposit match bonuses is the increased betting budget it provides. You will immediately have more funds or free sports bets available to bet on all your favorite players and teams. In addition, you will have the luxury of being able to try out new betting strategies, take calculated risks, and potentially diversify your bets across different sports and leagues.
Opportunity To Explore
You will also be able to explore different betting markets with your first-deposit bonus. You can experiment with live betting options, various prop markets, same-game parlays, alternative lines, and much more. This will help you further develop your skills and refine your techniques to become an excellent decision-maker and sports betting sharp.
Risk Mitigation
Deposit match bonuses give you more room for error. If you happen to go on a bit of a losing streak, the first deposit bonus provides a safety net to help recover some of your losses. In addition, you may choose to use your site credit to take strategic risks, such as building parlays or placing a futures bet on a long shot. No matter how you choose to spend your bonus, it is guaranteed to provide some extra cushion and give you a chance to turn your luck around after a tough break or bad beat.
Choosing the Best Deposit Match Betting Site
When it comes to choosing the right sportsbook for you, there are many different factors to consider. A few of the most important criteria to evaluate are listed and explained below.
Welcome Offer Details
Although you shouldn’t base your entire decision solely on the sportsbook’s welcome offer or deposit match bonus, it is certainly a factor worth considering. You’ll want a deposit match bonus that has low wagering requirements, so you’ll have the option to cash out your bonus and any associated winnings sooner rather than later. In addition, you will want a welcome offer that provides a greater deposit match percentage as well as a greater maximum bonus amount.
Reputation and Trustworthiness
You’ll need to find a betting site that you can trust, meaning you are certain that your personal and financial information is well-protected and that you will receive your winnings when you request a payout. Choose a sportsbook with a solid reputation and a track record of providing a safe and secure betting environment. Also, look for licenses from reputable gambling authorities and read reviews from other bettors to gauge the site’s credibility.
Variety of Sports & Markets Covered
Consider the range of sports and betting markets offered by the site. Ensure that it covers the sports you are interested in, with a diverse selection of betting options within each sport. A wide variety of markets enhances your betting experience and allows for more strategic wagering. You may also prefer a platform that offers a great selection of alternative lines and totals as well as plenty of prop bets on a wide range of players, teams, and leagues.
User-Friendly Platform
A user-friendly interface and intuitive navigation will enhance your overall betting experience. Look for a site that offers a smooth and well-designed platform, allowing for easy access to betting markets, account information, and bonus promotions. In addition, test out the sportsbook’s website or mobile app to ensure it is reliable and unlikely to crash or buffer while placing your bets.
Customer Service
Lastly, customer service is crucial. You’ll feel much better if your sportsbook has an excellent customer support team who is willing to answer all your questions and resolve any problems that may arise promptly. Look for a site that offers responsive customer service through multiple channels, such as live chat, email, social media accounts, or phone support.
Tips & Tricks for Deposit Match Bonuses
Once you’ve claimed your deposit match bonus, how can you get the most out of it? What should you do to maximize its benefit and ensure a great start to your betting experience? Here are a few tips to consider:
- Understand the Terms & Conditions: Carefully read and understand the terms and conditions of the first deposit bonus. Pay attention to details like the minimum deposit amount, eligible payment methods, wagering requirements, time limits, and any bet restrictions. Ensure that you fully comprehend the requirements to avoid any surprises later.
- Remain Disciplined: Don’t take unnecessary risks or engage in reckless betting behavior just because you’re using bonus funds. Remain disciplined, properly manage your bankroll, and only make strategic and well-researched wagers.
- Start with Familiar Sports: Focus on sports or leagues you are familiar with when utilizing the bonus funds. Your knowledge and understanding of the game can enhance your betting decisions and increase your chances of making successful wagers. As you gain more experience, you can explore other sports and markets.
- Keep Track of Wagering Requirements: Stay organized by tracking your progress towards fulfilling the wagering requirements. Maintain a record of your bets, including the amounts, odds, and outcomes. This helps you monitor your progress and adjust your strategy if needed.
- Take Advantage of Other Bonus Opportunities: If other promotional offers or bonus opportunities are offered, be sure to take full advantage. Many sportsbooks offer odds surges, profit boosts, parlay insurance, Bet & Get deals, and much more to existing customers consistently.
Frequently Asked Questions (FAQ)
A deposit match bonus is a specific type of welcome offer commonly provided by online sportsbooks and casinos. It allows new users to get a percentage of their first deposit matched in the form of bonus funds.
DraftKings and BetMGM are two of the best online betting sites known for providing deposit match bonuses to new customers who sign up and make an initial deposit on the platform.
To claim a first-deposit bonus from a sportsbook, there are three major criteria you must meet. First, you must be at least 21 years old (or the minimum age requirement in your jurisdiction). Second, you cannot be present on any exclusion or self-exclusion lists. Lastly, you must be physically located in a state or location where sports betting is legal.
In addition to deposit match bonuses, sportsbooks may offer first-bet insurance, risk-free bets, Bet & Get opportunities, and even sign-up bonuses to new users of the platform.
