Sportsbook bonuses are promotional offers provided by online sports betting platforms to attract new customers and reward existing ones.
These bonuses come in various forms, such as sign-up bonuses, deposit bonuses, free bets, cashback offers, and more. They can be an excellent way for bettors significantly boost their bankrolls. However, it's important to approach bonuses with a clear understanding of their terms and conditions to make the most of them.
Deposit Bonus: A bonus given to bettors when they fund their betting accounts, typically as a percentage match of the deposit amount.
Bonus Bet: Bettors receive bonus bet “tokens” that can be used to place a wager without using their own funds.
Cashback Bonus: A percentage of the wager amount is returned to the bettor, offering some insurance against unsuccessful bets.
Reload Bonus: Similar to a deposit bonus, but available to existing customers when they add funds to their accounts.
Sportsbook bonuses provide additional funds that can be used for betting, effectively expanding the bettor's bankroll and increasing the number of wagers they can place.
Using arbitrage & middle tools (which OddsJam has), you can easily claim & maximize profits from these offers. Taking advantage of sign up bonuses was how I made my first $2500 betting on sports - virtually as risk free as possible.
We always preach to sign up for as many sports books as possible, which helps when you are +EV betting & you can make $ off of these bonus offers.
Make sure you read the terms & conditions for any promo offers as sometimes, the requirements can be outrageous and not worth your time.