Determining the Right Online Sportsbook Bonus for You

By in Sports & Betting on
4 Minute Read
Online Betting Sites Tablet Sports Balls

While it can be tempting to take advantage of any sports betting website bonus you come across, I’d highly suggest you pump the brakes for a few moments to inspect each offer. Instead of getting caught up in how much bonus cash or free bets you’ll receive, make sure you dig into the fine print of each offer to understand how it functions.

If you’re considering claiming a sports betting site bonus, you won’t want to miss the details included in this blog. On this page, I’ll walk you through things you should consider when trying to identify which online sportsbook bonus is the most ideal for you and your situation. By following the tips below, you’ll have a much better chance of correctly selecting the right bonuses and promotions.

I’m going to cover three topics to help you locate the perfect sports betting site bonus. I’ve listed a preview for the upcoming sections below:

  • Consider the Playthrough Requirements
  • Take Into Account the Allowable Bet Types
  • Consider the Amount of Time to Use the Bonus Funds

Consider the Playthrough Requirements

One of the most significant considerations you should take into account when inspecting a potential online sportsbook bonus is the playthrough requirements associated with it. Also known as a “rollover requirement,” these playthrough terms state how many times you must bet the amount of bonus cash before you can withdraw it from your account.

Those who are new to sports betting sites mistakenly think they can take advantage of a massive cash bonus and withdraw it nearly immediately. However, this doesn’t make any sense for the gambling website. The reason they’re providing you with bonus cash and free bets is to offer you more means to use their platform.

With playthrough requirements, you’ll find things stated as a multiplier in the terms and conditions.

For Example:

If an online sportsbook bonus has a rollover requirement of 10x, it means you need to bet the bonus amount you earned 10x over. If you received $100 of bonus funds, you’d have to wager at least $1,000 in total before you’re able to take what’s left of your bonus funds out of your account.

However, there’s an extensive range of potential rollover requirements. In many cases, you’ll find things from 3x up to over 50x. In general, the more bonus cash you receive, the higher the playthrough requirements will be. Because there can be a significant disparity between offers, you’ll want to find one with playthrough requirements that make sense for you.

If you’re planning to sign up for a sports betting website just to make a handful of wagers for one day, it’s probably not worth it to claim any bonuses with large rollover requirements. The reason for this is because it’s highly unlikely you’ll meet the associated playthrough requirements without a plan to continue placing sports bets on a regular basis.

That said, you’ll often find free bet welcome bonuses that don’t have much or any playthrough requirements associated with them. While these types of rewards don’t have nearly as much bonus cash potential, it still allows you to potentially cash in on some free real money if you get your free bet right.

However, if you plan to use an online sportsbook regularly, I’d highly advise you to consider using some of their bonuses. With sports betting site welcome bonuses, you’ll have access to earn potentially thousands of dollars in bonus cash when signing up. Then, after you’re established with a sports betting website, there will be other bonuses and promotions for you to consider claiming to earn free bets, more bonus cash, and additional perks.

Take Into Account the Allowable Bet Types

Something else to account for is what you can use the bonus cash to bet on. What’s important here is to check out the promotion’s fine print to see what is or isn’t allowed per the terms and conditions. From my experience, it’s common for online sportsbook bonuses to have some restrictions associated with them.

Your goal when hunting for the perfect sports betting site bonus is to ensure you’ll be able to use the funds on the sports and bet types that work for your overall sports betting strategy.

From online sportsbook bonuses, I commonly see restrictions on the sports you can bet on using the given bonus cash. For example, you may only be able to bet on a handful of sports for select promotions. While this isn’t always the case, it’s worth a review of the terms and conditions to be sure you can bet on sports you’re planning to wager on.

That said, some sports betting website bonuses are good for use across all available sports you can bet on. In this case, it’s then essential to check into what types of bets can be used. It’s pretty standard to be able to use the bonus cash on common sports betting types like over/unders and moneylines. However, there could be restrictions for others like prop bets and multipliers.

I’d always suggest a full scan of an offer’s terms and conditions before claiming it. By doing this, you’ll ensure you’ll be able to use your online sportsbook bonus cash on what you want to as opposed to having to deal with unexpected restrictions.

Consider the Amount of Time to Use the Bonus Funds

The final thing you should take into consideration as you search for an online sportsbook bonus is the amount of time the bonus cash is good for. The reason this is important is because it will allow you to determine if you’ll be able to meet all the bonus’ terms and conditions within the given time frame. Remember, you won’t be able to withdraw the bonus cash unless you meet all the offer’s requirements.

Like rollover requirements, some online sportsbook bonuses provide bonus funds that are only good for a limited time. If you don’t end up using all the funds before the time is up, they’ll be gone for good.

You see, the playthrough requirements and time given to use up the bonus funds go hand in hand. If you take advantage of an offer with a large rollover requirement, it will likely have a decent amount of time (like six months) for you to meet the playthrough. It’s vital for you to take a hard look at whether you’ll be able to bet that much within the given timeframe.

If you go for an offer with a shorter timeframe allotted, aim for online sportsbook bonuses with lower rollover requirements unless you’re planning to do lots of sports betting. On the flip side, if you do have tons of plans to bet on sports online, don’t be afraid of taking an offer with a more substantial playthrough requirement as long as the given time seems sufficient.

Most importantly, don’t lose track of your bonus timeframes. Luckily, it’s easy to find them stated in your promotions portion of the sports betting website you decide to use. If you’re ever unsure, you can contact the customer service team for help to determine how much longer you have to use them. Be sure to do your best to meet all the terms and conditions within the set timeframe, so you don’t end up forfeiting the bonus funds.

Wrap Up

Thanks for stopping by to read my blog geared at helping you locate the right online sportsbook bonus for your unique needs. If you’re on the hunt for top bonuses, check out this page filled with the best online sportsbook bonuses. You’ll find all the latest and greatest offers there. Also, don’t miss out on the resources found in our guide to sports betting site bonuses if you’d like a more in-depth explanation about playthrough requirements and more. Finally, if you don’t already have an online sportsbook you call home, don’t miss this compilation of top sports betting sites.

Michael Stevens

Michael Stevens has been researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting. Michael has been writing for since early 2016. ...

View all posts by Michael Stevens
Email the author at: [email protected]