Are you considering registering at an online sportsbook? Before you do, learn about sports betting sign up bonuses.
New bettors have access to various welcome bonuses offered by sportsbooks. These bonuses can be valuable, potentially allowing you to start with a little extra bankroll.
To help you select the best sign-up bonus there is, read our guide. I’ll explain in a clear and straightforward way how to make the most of it.
Find out about the best sports betting signup offers of 2024. You’re welcome!
🔑 Key Takeaways
- Sign-up bonuses seem great, but there’s more you should know. Find out the details and learn how to use them to your advantage!
- Find out what really makes a welcome bonus good or bad.
- Sign-up bonuses can let you try new bets without risking a lot of money upfront. Learn how it works.
How Does a Sports Betting Sign Up Bonus Work?
Sportsbooks offer sign-up bonuses to attract new bettors like yourself. It’s similar to how other businesses might offer introductory discounts or promotions.
These bonuses come in different forms, but a common one is a deposit match bonus.
Example: If you’re opening a new account and the sportsbook offers a 100% deposit match bonus, up to a certain amount. If you deposit $50, they might credit your account with an additional $50 in bonus funds.
→ This is known as a first deposit bonus for sports betting.
A sign-up bonus sounds great, but there’s a twist. You can’t withdraw that bonus money immediately. You need to place bets with your cash first, and this is called wagering requirements.
Sportsbooks offer sign up bonuses in the hope that you’ll enjoy using the bonus funds to place bets and potentially win money. This can encourage you to become a regular customer. In a way, it’s a benefit for both parties:
- You get a little extra starting out
- The sportsbook gains a new potential user
Initially unsure, I encountered a sports betting app with a sign up bonus offering “free money” to wager. This translated to a deposit match, providing extra funds for betting. However, withdrawal of the welcome bonus required placing bets with my money first. This allowed me to explore various wagers without significant upfront risk.
Top Sports Betting Sign Up Bonuses
Online sports betting sign up bonuses offer new users exciting incentives. Here are some of the best bonuses available for new US sports bettors today.
Fanduel Sign Up Bonus
FanDuel Sportsbook is a top site in the US to place your sports bets online. Check live odds and join using current offers. New users can get a great sportsbook welcome bonus of up to $150 in bonus bets.
| Sports Betting Sign up Bonus | Get $150 in bonus bets |
| Minimum Deposit Required | $5 |
| Maximum Bonus | Up to $150 |
| Wagering Requirement | First bet to be placed within 72 hours of signing up |
| Promo Code (if applicable) | No bonus code is needed to claim FanDuel welcome offer |
BetMGM Sign Up Bonus
BetMGM Sportsbook is changing sports betting and online gaming in the US. You can bet from anywhere with the great BetMGM mobile app. If you want to know what betting site has the best sign-up bonus, then it’s probably BetMGM: you get up to $1,500 in bonus bets, if your first bet loses.
| Sports Betting Sign up Bonus | Get up to $1,500 in bonus bets |
| Minimum Deposit Required | $10 |
| Maximum Bonus | Up to $1,500 |
| Wagering Requirement | First real money wager of no less than $10 |
| Promo Code (if applicable) | No bonus code is required to benefit from BetMGM welcome offer |
Caesars Sign Up Offer
At Caesars Sportsbook, players can bet on sports and play online casino games using one account and wallet. You also get what is considered as one of the best sports betting welcome bonuses of up to $1,000 on your first bet when you sign up.
| Sports Betting Sign up Bonus | Claim $1,000 First bet |
| Minimum Deposit Required | $10 |
| Maximum Bonus | Up to $1.000 |
| Wagering Requirement | Make your first wager of a min. of $10 within 30 days |
| Promo Code (if applicable) | No promo code to enjoy Caesars sign-up promotion |
How To Claim A Sports Betting Sign Up Bonus
The best sportsbook signup bonuses can be a great way to boost your starting bankroll for sports betting. Here’s a quick guide to claiming yours:
- Research and Choose: Look for reputable sportsbooks offering free sign up bonuses for sports betting that suit your preferences. Consider factors like bonus amount, wagering requirements, and ease of use.
- Sign Up and Verify: Head to the chosen sportsbook’s website and complete the registration process. This might involve providing basic information and verifying your identity.
- Make Your Deposit: Locate the deposit section and pick your preferred payment method. Ensure the amount meets the minimum deposit required for the bonus. Some bonuses might have promo codes to enter during the deposit.
- Bonus Activation (Optional): In some cases, the bonus might be automatically credited upon deposit. However, some platforms might require you to activate the bonus manually. Check the sportsbook’s instructions.
- Start Betting: Once the bonus is credited, you can begin placing bets according to the sportsbook’s terms and conditions. Remember to understand wagering requirements before expecting to withdraw bonus winnings.
How to Find the Best Sports Betting Sign-Up Bonuses
Not all sign-up bonuses are created equal. Here are some tips to find the best sign up bonus sportsbooks:
- Compare Bonus Amounts: Headline numbers with the best sports betting sign up bonuses can be enticing, but delve deeper. A seemingly larger bonus might have stricter wagering requirements, making it harder to withdraw winnings.
- Wagering Requirements Matter: This is the amount you need to bet with your money before bonus funds become withdrawable. Focus on bonuses with lower wagering requirements for easier access to your winnings.
- Bonus Type Matters: Deposit match bonuses are common, but explore other offers like free bets or risk-free wagers for free play. Consider which aligns best with your betting style and risk tolerance.
- Read the Fine Print: Don’t just focus on the headline offer. Understand any restrictions, like minimum deposit amounts, time limits to use the bonus, or limitations on eligible sports or bet types.
I tried a 100% deposit match bonus (up to $100), but it required wagering my deposit 5 times before I could withdraw bonus winnings. As a beginner, $500 in wagers felt like a big risk.
→ This experience highlighted the importance of checking wagering requirements before claiming a sign up bonus.
Common Terms & Conditions of a Sports Betting Sign Up Bonus
When claiming or engaging in sports betting with a sign up bonus, understanding the terms and conditions is crucial. Here’s what you should know.
Playthrough Requirements
Playthrough requirements refer to the number of times you must wager the bonus amount before you can withdraw any winnings. When choosing a sign-up bonus, these requirements are crucial.
Example: A $100 bonus with a 5x playthrough means you must bet $500 before withdrawing.
Time Limits
Time limits determine how long you have to meet the playthrough requirements of a sign-up bonus. When deciding on a bonus, it’s important to check these limits.
Example: If you have 30 days to meet the requirements, make sure you can realistically place the necessary bets in that timeframe.
Minimum Odds
Minimum odds refer to the lowest odds at which bets must be placed to count toward meeting bonus requirements. This is essential when choosing a sign-up bonus.
Example: A bonus might require minimum odds of -200 (meaning you wager $200 to win $100).
Minimum & Maximum Wagers
Minimum and maximum wagers refer to the smallest and largest bets that count towards meeting the bonus requirements. When picking a sign-up bonus, consider these limits.
Example: If the minimum wager is $10 and the maximum is $100, bets outside this range won’t count towards the bonus playthrough.
Maximum Wins & Withdrawals
Maximum wins and withdrawals refer to the highest amount you can win or withdraw from bonus-related bets. During your sports betting sign-up bonus selection, consider these limits.
Example: If the maximum withdrawal is $500, any winnings above this amount from the bonus can’t be cashed out, affecting your overall earnings.
So, Ready to Bet on Your Favorite Team Using a Sign Up Bonus?Â
The biggest benefit is understanding the key terms and conditions of a welcome offer, like playthrough requirements, time limits, and wagering limits.
Remember, not all sign-up bonuses are created equal, and always check the details, especially wagering requirements, before you make your first deposit.
You can now use this knowledge to choose the sign up bonus that matches the best your gambling style. Have you checked our guide about sports betting bonuses? All potential promotions are listed there, so you’ll know exactly what your options are.