One of the easiest ways to differentiate between sportsbooks is comparing the various bonuses that they offer. The majority of the most reputable betting sites offer lucrative reload bonuses, to sway longtime bettors to hop ship. Other, younger sportsbooks, prefer to offer sensational sign-up bonuses, in order to sway newcomers to take their action to their site.
Deposit, or Sign-up, bonuses will offer a percentage on your initial sportsbook deposit. Reload bonuses are essentially the same, except that they offer a percentage of every additional deposit you make with that betting site.
Sign-up and reload bonuses are the most common types of benefits that sportsbooks offer. However, they aren’t the only type available. The most auspicious type of bonus, match bonus, is seldom seen as the primary option but can be extremely alluring. Match bonuses will usually ‘match’ the initial deposit, with a varying percentage. Match bonuses are usually offered for the most important events of the year – like the Super Bowl or Stanley Cup series, and the matching percentage can go all the way up to 100%. Meaning that a $100 deposit will yield a $100 matching bonus.
The rarest types of bonuses include free bet and no deposit bonuses. Free bet bonuses are gratuitous and are usually offered by the most reputable sportsbooks as a simple thank you for signing up. These types of bonuses are, as the name suggests, free and are typically reserved for the biggest sporting events of the year, like the NCAA Tournament or the Kentucky Derby.
No deposit bonuses are the unicorn of the betting world. Sportsbooks will occasionally use these rewards to tempt bettors to test their reserve during major betting events or the most heated series. Like the name suggests, the betting site will offer a bonus, which usually increases the longer the ‘no deposit’ streak continues, to see how long a player can go without depositing. While these can be very remunerative, they usually come alongside some pretty heavy rollover rates.
In order to truly tell different bonuses apart, bettors need to understand the different types of rollovers sportsbooks employ. Rollovers are what the best prediction sites use to make sure that players stick with their site, instead of simply enrolling for a sign up bonus, before proceeding to take off with the money. Rollovers refer to the amount of bets players must make before they are eligible for their bonus money.
For example, a common practice is for sportsbooks to demand a 5x rollover on a deposit bonus. So if you were to deposit a $100, taking advantage of a 50% reload bonus with 5x rollover, you would first have to wager $750 dollars before you would be eligible for your bonus. You never lose your bonus; sportsbooks simply require different levels of commitment.
Without a doubt, the most life-saving rewards are referred to as percentage loss. Basically, on a given losing bet, sportsbooks will return a certain percentage to the player – referred to as percentage loss. This bonus can be quite rare, but it is handy. In the end it serves two purposes. First, it allows the bettor to be satisfied knowing they didn’t lose their entire bet. And second, it encourages that same player to keep betting at that particular sportsbook.