With sports betting legalization on the rise, online sportsbooks have become a common place for many players to go to make their wagers. This has brought with it a number of different sportsbook promotions and bonuses for new and returning users alike. These offers may come in the form of free bets, cashback, or other bonuses that give players a chance to bet for real money with no deposit needed. However, these offers also come with terms and conditions that should be read carefully before claiming them.
Online sportsbooks are always coming up with ways to attract new customers and keep existing ones around. This is why you’ll find a number of different sign up and loyalty bonuses on offer from the various betting sites. These bonuses and promotions are a great way for new players to get started on the site, or for experienced bettors to increase their bankrolls without risking their own money.
Some of the most popular promotions for new players include deposit match bonuses, free bets, and odds boosts. These bonus options give players a chance to bet for free at the sportsbook, but will come with some conditions that should be read through carefully. For example, some sportsbooks will only allow players to use their bonus bets on certain bet types or at specific odds. This will prevent the player from making any bad decisions and wasting their bonus funds.
Another way that new and returning players can boost their accounts is through reload bonuses. These are similar to welcome bonuses in that they will provide a bonus amount for a particular deposit, but with this kind of promotion the bonus will often only be applicable to certain markets. For instance, some sportsbooks will only offer reload bonuses on parlays, which are a combination of multiple games and bets.
Lastly, many sportsbooks will offer a refer-a-friend bonus for players who want to spread the word about their site. This can take the form of bonus credit, or even cashback, depending on the sportsbook in question. For example, PointsBet Sportsbook currently offers a bonus for players who use their referral code when creating an account. This bonus can be up to $20 in free bet credits, but can only be used on same-game parlays.
A bonus that requires no deposit can be a great way for a new customer to get a feel for the sportsbook, and to see if it fits their needs. These bonus offers will typically have a playthrough requirement, which means that the user must wager the bonus amount a certain number of times before they can withdraw it. This is a standard industry practice, but it should be noted that some sportsbooks will have different requirements than others. Some will require a higher amount of playsthroughs than others, and this should be researched thoroughly before claiming one of these bonus offers. This information should be found in the sportsbook’s terms and conditions.