Finding a new betting site can be intimidating, let alone finding a decent sportsbook bonus to complement your first time deposit.
There are many offers floating around the web, some excellent, some okay, and some outright scams where you will not pass go and certainly not collect $200.
This is precisely why SBR created the betting site bonus directory.
More than 50 online sportsbooks have their sign up bonus displayed. Each of the websites are at minimum in fair standing with players, with the betting companies holding an SBR rating of at least C, all the way up to the industry best of A+.
There are a multitude of ways to shop for sportsbook bonuses on the page.
Sign Up Bonus
The guts of the offer, cash or free play, along with the percentage of the bonus. Additional bonus information can be unlocked by clicking the Info () button. Details such as the way the bonus requirement will be tracked or the expiration associated with the individual offer, or country restrictions are listed here.
One of the most important pieces of information is the number of times you will have to bet the bonus before taking a payout. At the end of the day, players bet with sportsbooks for action, a good time, but most importantly to get paid once they win. A very large rollover requirement can make it harder to place a withdrawal.
The true bonus concept is simple: by taking the amount of the bonus and dividing it by the rollover requirement, players are left with the percentage of pure bonus value they are betting with.
For example, a 100% bonus with a 5X rollover requirement works out to be an offer with a corresponding true bonus value of 20%. This is true of a cash bonus. A free play is worth about half of a cash bonus, so the same formula applies divided by two, whereby a 100% free play works out to be 50% cash.
The other key difference between sportsbook cash and free play is that with cash, the bonus functions as deposited funds. With a free play the original bonus amount is not added to the player's balance, only the winnings are.
Max Bonus Cap
The max bonus cap is also very important. You can have a 200% cash bonus with a very manageable rollover, but if the max bonus cap is $25, you're looking at a Ferrari of an offer inside of a traffic jam.
Entering the AFC and NFC championship games tomorrow, and Super Bowl 50 two weeks after that, online betting sites will begin rolling out newer and better offers to compete for your business. Make sure your decision is a sound one, stick with one of the industry's best sportsbooks.