Sportsbook bonus is the most common marketing tool for sportsbooks. Though a tremendous perk, there are some important conditions sports betting sites place on most deposit bonuses, that can cause confusions and even anger if you don’t pay careful attention to them. The most common sportsbook bonus are “matching bonuses”. For example, deposit $200 and the sportsbook will bonus you another $200. Essentially this means you now have $400 in your account. Sounds great but remember you are likely bound by the following conditions
You Must “Roll Over” Your Sportsbook Bonus
Roll over means that you must risk all of your deposit a set number of times to qualify for the bonus. In the case of the $200 matching bonus above, you must roll over your deposit 3 times. That means that you must risk at least $600 to be entitled to the $200 bonus. You may see the $200 in your account, but it isn’t actually there until you roll over the number of times specified by the sportsbook. Some other sportsbooks may give you a portion of your bonus as you place wagers, but the math is generally the same.
You Must Complete The Sportsbook Bonus Roll Over in X Days
This is pretty straight forward but important to be aware of. On average, sportsbook bonus is offered over 90 days. In the case of our example, that means you must be willing to bet $600 over the next 3 months. If you are using a money management system and betting 4% of your original $400 deposit, that means you are committing to placing 38 bets over the next three months. Make sure you are ready to put the time in.
The Odds of your Roll Over Bets must be less than –XXX Odds
Most sportsbook bonus requirements state that the odds on the bet must be less than -200. That isn’t a bad moneyline odd if you can get it on a game that you like. It generally means that you have ~67% chance of winning that bet. We must then take into account that you have to roll over the deposit amount. That means that you are going to have to bet and win three -200 bets. That is the equivalent of a three-leg -200 parlay. The odds of hitting that are around 29%. Not insurmountable, but not as likely as the free money may indicate.
If you complete these three conditions (read your sportsbooks rules to make sure there aren’t more conditions) then you can happily collect your bonus.
My advice is before claiming any sportsbook bonus, have a clear understanding of the conditions, then come up with a clear plan to complete those conditions. Alternatively, if you don’t think you will be able to satisfy the conditions, then you can reach out to the sportsbook and they will gladly remove the bonus from your account. Most will allow you to “save” the bonus offer for another deposit when you feel you are likely to satisfy al the conditions.
I am an advocate of depositing to as many sportsbooks as you can, but make sure you never get surprised by a sportsbook clawing back a deposit.
Final point: don’t try to come up with a way to trick or scam a sports book out of a bonus. They have literally seen it all. Everything. The rules on the bonus are ironclad and they hold exclusive right to rescind the bonus if you try to trick them.