Competition is good for the consumer. There are a lot of online sportsbooks out there vying for your money at this point in time and each one has its own way of sweetening the pot so that you sign up with them. Bonuses, promos, free bets, no-risk bets, contests, rewards programs, and odds boosts are all among the ways in which these operators attempt to get you to sign up and deposit.
How can you get these promotions? How can you enjoy free money? Because, let’s face it – everybody enjoys free money. Whether you play on your phone, on your desktop, or on your laptop, you can take advantage of what sportsbooks have to offer new customers.
New Customer Offers
Each sportsbook is different. Each sportsbook offers something that they feel is competitive within this newfound frontier of legal wagering. Some bonuses are undoubtedly better than others, but some sportsbooks with lower bonuses make up for it with a tremendous user experience once you really get going.
It is all up to you. In our humble opinion, it makes sense to have as many sportsbook apps as your bankroll permits because you want to be able to get the best odds on futures and the best lines on your straight bets and props. If one sportsbook has -110 and another has -115 on a spread, that can make a huge difference in the long-term. In some respects, that can be viewed as getting your own bonuses even after you’ve used up your initial deposit or sign-up bonus. It is important to factor that into the equation if you have the resources to have multiple accounts.
Scroll through our reviews and the current bonus offers and then visit us down at the bottom of the page so we can explain how the process works.
Look at all of those options! Free money and bonus offers are part of the game in the online sports betting world. They always have been. These are things that you cannot get in a retail sportsbook. You can’t walk into the Westgate or the William Hill Sportsbook at the Stratosphere and ask for a bonus offer. It doesn’t work that way. That is one of the great perks of betting online.
But, you have to be aware of how the bonuses work. You have to know what you are getting into. There are several different kinds of bonus offers and each one has its own terms and conditions. Always read the small print to see if there are restrictions on what you can bet, how long you have to use your free money, and the rollover requirements for a withdrawal after receiving a bonus.
The ATS Experience
Our goal here at ATS is to cover the industry from all angles. We have helpful previews, picks, and predictions to set you on the right path when it comes to handicapping. We cover sports betting news, including the progress being made in states that do not have legal wagering as of yet. We have a crash course in How to Bet, including some explanations of certain sports betting terminology, like -110, what is the point spread, what is reduced juice, and what are money line bets?
Perhaps most importantly, we have sportsbook reviews. We give you an idea of what to expect when you download and sign up for the apps that are out there. Along with that, we highlight the bonuses and promotions offered by the sportsbooks that we have endorsed because they do things the right way. We’ve got reviews and analysis of sportsbooks in New Jersey, West Virginia, Indiana, Iowa, and Pennsylvania.
With that, let’s check out the different types of bonuses that are offered in the mobile betting world.
Sign-Up Bonus Guide
No-Deposit Free Bet – This one is simple and straightforward. Some sportsbooks offer a No-Deposit Free Bet. Your account will be credited with the current bonus offer amount just for signing up and taking a look around. You’ve surely heard of the “No purchase necessary” offers that are out there. That is effectively what this is. No money down, no deposit. Just a free bet for test driving the app.
Match Bonus – A Match Bonus means that the sportsbook operator will match your deposit amount. If it is a 100% Match Bonus offer on a $250 deposit, you will receive $250 in bonus money. Some sportsbooks credit that money to the same account as your real funds. Others credit that money into a separate “Bonus Money” bankroll that you can use in the same manner.
Other sportsbooks offer a 50% Match Bonus. In the same example with a $250 deposit, your bonus amount would be $125.
Unlike the No-Deposit Free Bet, you do have to fund your account via credit card/debit card, ACH/e-check, PayPal, PayNearMe, cash at the casino cage, or one of the other deposit methods, so you will have to invest in yourself and in that sportsbook account. That is the case with most promotions and bonuses.
Risk-Free Bet – Most of the mobile sportsbooks in the post-PASPA world have gone the route of the Risk-Free Bet. This means that you have the opportunity to “bet with house money”. Basically, you cannot lose. If the bet that you make does lose, the sportsbook will reimburse your bet up to a certain amount.
This is where it is important to pay attention as an app user. If the risk-free bet is up to $250, it is in your best interest to bet the full $250. You cannot lose. If your bet wins, you just about doubled your money. If your bet loses, the sportsbook will put the losses back into your account.
If you sign up at a sportsbook with a $250 risk-free bet and only bet $100, you are not getting maximum value out of the promotion.
For the most part, the risk-free bets ONLY apply to the first bet that you make and there will be restrictions. It would have to be a straight bet and not a parlay and there could be odds restrictions as well depending on the sportsbook, but it is in your best interest to bet the full amount under the terms and conditions just to ensure that you get the maximum dollar value back if your bet does not win.
Casino Bonus Money – Several mobile sportsbooks also have an online casino component to them. You will find this with operators that have their own brick-and-mortar gaming locations, not online-only operators like PointsBet, FanDuel, and DraftKings. These would be for apps like SugarHouse, Borgata, and Resorts.
The online casino side can have a different website address or be on a different part of the app. If you choose to play virtual slots or table games, you can take advantage of the casino bonus offers as well upon making your first deposit. This would also apply in New Jersey to something like online poker, which is offered through apps like PokerStars, a component of the Stars Group that includes Fox Bet.
Most online casino bonuses fall into two categories – a match bonus or a free spins bonus. The Match Bonus is exactly like the sportsbook match bonus, in which you will get the percentage being offered added to your deposit. The free spins bonus is oftentimes a multiplier on your deposit. Say you deposit $100 and your free spins bonus is 3x. That would be $300 in bonus money.
How do I claim the welcome bonus?
As mentioned, it all depends on the type of bonus and the current offer. In some cases, you may have to enter a promo code upon deposit to make sure that you get the bonus. In most cases, you can simply sign up through ATS and our unique link will give you access to the best offers at a given sportsbook.
For the “No-Deposit Free Bet”, it would be automatically claimed once you sign up for an account. Most first deposit bonuses are automatically applied after signing up as well, but to be safe, you should go through our ATS reviews to ensure that you get the bonus offer to which you are entitled.
The bonuses and offers don’t stop once you sign up and make your initial deposit. Just about every sportsbook app offers additional perks for users. There will be contests with low entry fees, like an NFL Pick ‘Em contest or a Guess the Score contest. There will be some sportsbooks that offer Odds Boosts on certain sporting events or props. Some sportsbooks also offer Parlay Boosters depending on the sport and time of the year.
Another popular feature with several sportsbooks is the “Cash Out” offer, where you can avoid the dreaded backdoor or bad beat by cashing out your bet when it is winning before the end of the game. The odds will be adjusted to reflect that the game is not over, but this is a version of a bonus, in that it allows you to pick up a winner without sweating the end of the game.
Some sportsbooks even offer “Cash Back” bonuses, where you will get a percentage of your losses on bets made a certain day. This is also really popular with sportsbooks that have a horse racing component. Certain days of the week will feature reload bonuses, which means that you can get bonus money on funds that you add to your existing bankroll. Say you add $100 to your bankroll on Monday, when the sportsbook is offering a 25% reload bonus. You would get an additional $25 in bonus money for adding to your account on Monday.
Online casinos are synonymous with bonuses for existing users. They will run slot or blackjack tournaments. Some casinos offer rebates and cash back on certain days or offer games with slightly different odds that are worse for the player, but the player might get 5% back on losses.
Once these sportsbooks get you in, they don’t want to let you get away. Sign-up bonuses and ongoing bonus offers for current users will vary, but there will always be something out there to sweeten the deal. It is a very competitive industry and that means good thing for you.
Now that you know how the bonuses work, scroll back up and check out our reviews of reputable and user-friendly sportsbooks and start taking advantage of the great promotions and offers today!