Best Sportsbooks Bonuses directory explained
Sportsbook bonuses can be complicated for new gamblers. There are offerings ranging from the usual cash bonus that works by being credited to the player's balance, to freeplays where only the bonus winnings are returned to the player's balance, as well as match bets that can be tied to specific events and are typically more nominally priced. Sportsbook Review has broken down sportsbooks bonuses and sorted them by the "True Bonus". The best sportsbooks bonuses page was updated today with a video guide from newswoman Natalie.
The True Bonus formula is very basic and easy to follow. Essentially, every online sportsbook bonus has a requirement of betting the deposit amount times bonus amount. This is referred to as the play-through or rollover requirement. For example, if you were to take a bonus of 10%, say $10 on a $100 deposit, one play-through amounts to $110. So with a 3X play-through, the total wagering amount required before a withdrawal of funds is $330. Now if you have been credited with a freeplay, and this is a simplification, you have a 50/50 shot of winning your bet(s) and at adding those winnings to your balance. A $100 freeplay bonus is automatically being valued at half that as $50. If you received that freeplay following a deposit of your own $100 cash, and the play-through requirement is 3 times, you are required to bet the amount of your $100 deposit multiplied by your bonus amount three times, for a total of $600 in action required.
Players sometimes remark that they dislike freeplays or even match bets, however if you have a low rollover requirement of just 1X, versus a 10X for a typical cash bonus, the freeplay of the same amount is much more valuable. This is why Sportsbook Review has ordered the bonuses page by the amount given per play-through required; this places “bonus amounts” on a similar scale. This is the science behind the bonus per rollover or "True Bonus".
Best Sportsbook Bonuses video by SBR: