Online sportsbook real money no deposit are a great way for new bettors to start making wagers without investing any of their own money. They can also be used to increase the bankroll of existing customers as a form of loyalty bonus. The only downside of this type of bonus is that there are always certain requirements that must be met before winnings can be cashed out. These are called rollover requirements and are standard for most types of online casino and sportsbook bonuses.

When betting at an online sportsbook, you can often find bonus bet promotions that are geared toward specific events or sports teams. For example, NBA betting sites will often give out no deposit bonus bets during the playoffs or the finals. The same is true of horse racing betting sites in the lead up to the Cheltenham Festival or other major race meets. Likewise, the best football betting sites might offer a free bonus bet for big games such as the Super Bowl or March Madness tournament.

Generally speaking, these no deposit bonus bets are intended to be a welcome offer for a new customer and they will come with a time limit that must be fulfilled before the bonus can be turned into cash or removed from the account. The purpose of these bonus bets is not to simply reward players for signing up with a site but rather to encourage them to actively place wagers at the sportsbook. This is why so many of these bonus bets are not for any amount above a particular threshold and only for wagers that have odds longer than that amount.

The reason behind this requirement is that sportsbooks want to be sure that the bets placed are of some value and are not just random bets. This is why they will often not let bettors use their bonus money on heavy favorites – such as Clemson vs. Citadel – as they would be making it too easy for bettors to meet their bonus requirements.

Another thing to note is that the bonus money is separated from your cash wallet in a special section of the account. Once you meet the requirements to convert the bonus funds into your cash wallet, you can then withdraw those winnings in addition to any other profits that you have made. Some sites will also add additional bonus funds into your cash wallet as part of ongoing promotional offers.

As a new sportsbook player, you should check out the terms and conditions of the no deposit bonus bets offered by each sportsbook to see what conditions they have attached to these bonuses. Depending on the sportsbook, there may be some specific terms that apply to the bonus such as the maximum stake and how to qualify for it. These rules can change from one site to the next so it is important to make sure you read them carefully. Most of these terms will be clearly stated in the sportsbook’s promotion page so that players can avoid any misunderstandings.