Things to be aware of
The next thing a sports bettor needs to be aware of before accepting any bonus are the terms and conditions. All bonuses require what’s referred to as a “rollover”, or play-through, and this requires the bettor make a certain amount of wagers before requesting a payout. Some bonuses also require players to enter a specific sportsbook bonus promo code to unlock the full value of an offer. For example, assuming a $1,000 deposit with a $100 cash bonus, the bonus formula would most everywhere be that the player bet through his deposit+bonus+X times. If we assume the rollover is 3X, then the player must use his deposit ($1,000) and bonus ($100) 3 times, for a total of $3,300 in wagers. In order to ensure the player doesn’t simply find the biggest favorite listed and easily bet the required amount without really giving the sportsbook any action, the industry standard is for sportsbooks to track rollover counting the lesser of the risk/win amount. For example, if a player wagers on a traditionally placed wager at -110, and wagers $110 to win $100, the lesser amount ($100) is what’s counted toward the player’s required $3,300 in action using the sample parameters.
Players are advised not to simply choose a sportsbook with the biggest bonus amount. Many operators that have trouble paying or in fact have no intention to pay use bonuses as a carrot to dangle over potential customers to entice them to deposit. The goal of SportsbookReview.com is to act as an information portal, and also industry watchdog, to ensure that players have ample information to aid them in making a sound decision on where to send their hard-earned funds. SBR offers a complete reviews page, recommended list, and ratings guide which ranks sportsbooks from A+ to F — the lower on the letter scale, the bigger the risk associated with the company. In addition to its information pages, SBR also offers free dispute mediation for players that find themselves locked into a dispute against an online sportsbook company.
SBR offers a Sportsbook & Industry forum for sportsbook payout, bonus, and general discussion as well as up-to date betting odds to help you make informed betting decisions.