Popular Sports Betting Bonuses in the US and How to Use Them
The main difference between online betting platforms and land-based sportsbooks is the betting bonuses. Modern punters in the US mainly prefer to place their sports bets predominantly online due to the wide variety of bonuses available and the ease of accessing them. From welcome bonuses to reloads and cashback, these promotions give you an edge as they boost your bankroll and minimize your risk exposure.
But how well do you understand the types of sports betting bonuses available to American punters and how to redeem them? This article explores the most common types of sports betting bonuses for US players and how to use them.
Welcome Bonuses
Welcome bonuses are the first incentive to encourage new players to join an online sportsbook. For example, leading sportsbooks sign-up bonuses on SportyTrader US significantly boost your starting bankroll with different types of welcome bonuses. That includes:
- Matched deposit bonus: Online sportsbooks match your first deposit to a certain percentage. For instance, a sportsbook can give you a 100% matched deposit bonus, which will give you $200 on your bankroll if you deposit $100.
- No deposit bonuses: This rare welcome bonus allows punters to test a platform without depositing any money. It's essentially risk-free betting money for registering a new account on a platform.
- Free bet bonus: Some online betting sites give you free bets instead of rewarding you with a cash bonus. You don’t get to keep the initial amount, but you can withdraw the winnings you make from the bets.
Deposit Bonuses
Matched deposit bonuses are regularly available in US sportsbooks to encourage players to keep depositing and betting. The bonus is a smart way to regularly get extra funds in your bankroll and it’s available in two forms:
- Reload bonuses: Reload bonuses give you a bankroll boost when you deposit. They are typically available for specific events or on certain days to allow the players to strategize their deposits.
- Tiered bonuses: Some US sports betting sites reward multiple deposits using tiered bonuses to encourage players to constantly fund their accounts. Such bonuses are easy to redeem on well-optimized platforms.
Cashback Promotions
Cashback offers function like a cushion against losses when you’re having an unlucky streak. The promotion gives you back a portion of your losses and it can be a precious tool for regular bettors. Some of the most common cashback offers in the US include:
- Monthly or weekly cashback: This cashback is popular among regular players. It is calculated based on cumulative losses within the stipulated period.
- Event-specific cashback: Online sportsbooks occasionally tie cashback offers to major events like the Olympics, FIFA World Cup, March Madness, and more.
VIP Clubs and Loyalty Programs
VIP clubs and loyalty programs are designed to inspire the loyalty of a player toward a particular sportsbook. Often online betting platforms feature a tiered reward system for their VIP programs, giving players different unique perks like free bets and cashbacks. However, consistency is crucial to reap the rewards of the loyalty programs.