Best Sportsbook Bonuses

 

Sportsbook bonuses can be extremely confusing. There's the traditional cash bonus which is simply money added to the player’s balance; there are freeplays which is an amount given to the player so that he can risk only bonus funds. Only if he wins his freeplay wagers does that win amount get added to his balance; and then there are match bets which are similar to free plays except the bookmaker requires they are made on a certain sporting events. Each one has different value. SBR has organized the Best Sportsbook Bonuses page below by what we are calling the "True Bonus".

Here's the True Bonus formula which is very basic. Every online sportsbook bonus has a requirement of betting the deposit amount + bonus amount. That is called the play-through or rollover requirement. For example, if you take a bonus of 10%, $10 on a $100 deposit, one play-through or rollover is $110. So if you have a 3X play-through, your total amount to wager before you can withdraw any funds is $330. Now if you have been given a freeplay, and we are going to simplify this here, you have a 50/50 shot of winning your bet(s) and at bringing that money to your balance. So a $100 freeplay bonus is automatically being valued at half that as $50.  Let’s say you got that freeplay after a deposit of your own $100 cash, and the play-through requirement is a 3 time rollover, you have to bet the amount of your $100 deposit plus your bonus amount 3 times, which would be a total of $600 in betting required.
People often will say they dislike freeplays or match bets but, if you have a low rollover requirement of say 1X, versus a 5X for cash bonus the freeplay of the same amount would be much more valuable. So what we've done on this sportsbook review bonus page is ordered the bonuses by the amount given per rollover required in an attempt to put all “bonus amounts” on the same scale. On our bonus ranking chart you will find the bonus amount simplified and divided by the rollover required. This is what makes the bonus per rollover or "True Bonus". This page is ordered by bonus value per play for online sportsbooks rated C- or higher by SBR.

SportsbookRestricted CountriesSign Up BonusRollover RequiredTrue BonusMax Bonus Cap
SBR Rating B-
2X50%$100
SBR Rating A+
3X33%$100
SBR Rating C
3X33%€100
SBR Rating C
5X30%$150
SBR Rating A+
4X25%$100
SBR Rating B-
5X20%€100
SBR Rating B
1X20%$50
SBR Rating A
3X16%$100
SBR Rating C+
100% Cash Bonus

Bonus available to: Sweden, Finland and Norway.

6X16%€100
SBR Rating C-
3X16%€25
SBR Rating B
8X12.5%£500
SBR Rating C-
8X12.5%€100
SBR Rating C-
4X12.5%€25
SBR Rating C-
4X12.5%£15
SBR Rating B
None10X10%$250
SBR Rating C-
None
50% Cash Bonus

Promo code: NFL250

 

5X10%$250
SBR Rating B-
50% Cash Bonus

Promo code: FD100

5X10%€200
SBR Rating B+
100% Cash Bonus

*Bonus applies for Canadian residents.

10X10%$125
SBR Rating C+
100% Cash Bonus

Bonus applies for Canada only. Other countries receive up to $10 max bonus.

10X10%$200
SBR Rating A
3X8.3%$250
SBR Rating C-
50% Cash Bonus

Promo code: WELCOME100

6X8%€100
SBR Rating C-
None8X6.25%$2500
SBR Rating C-
None12X6.25%$1500
SBR Rating C+
50% Cash Bonus

Expires: 12/31/2014

10X5%€150
SBR Rating A+
10X5%$300
SBR Rating A+
10X5%$300
SBR Rating B+
None
35% Free Play

Special promos (Claim bonus or spin Wheel of Fortune, terms apply)
Aug 28: $25 Freeplay
Sep 4: $50 Freeplay
2015 Upcoming
January 1st New Year's Special $25 Free Play
February 1st Super Bowl Special $50 Free Play
March 18th March Madness Special $25 Free Play
April 18th NBA Playoffs Special $50 Free Play

4.5X4%$350
SBR Rating A
None8X3%$1000
SBR Rating B+
8X3%$100
SBR Rating A-
50% Free Play

*Players interested in the 50% New Player Reward should sign up under the Free Play program.

10X2.5%$520
SBR Rating A
None
50% Free Play

Must use promo code First50
Expires: 8/14/2014

 

10X2.5%$1000
SBR Rating A+
50% Free Play

*Players interested in the 50% New Player Reward should sign up under the Free Play program.

5X2.5%$520
SBR Rating A-
None
50% Free Play

Promo code: SBFIRST

10X2.5%$1000
SBR Rating A
4X2%$2500
SBR Rating A+
5X1.5%$500
SBR Rating A-
10X1.5%£150
SBR Rating B-
None20X1%$500
SBR Rating C+
1XMatch bet$50
SBR Rating B
1XMatch bet€25
SBR Rating B
1XMatch bet€25
SBR Rating A
1XMatch bet£20
SBR Rating B+
1XMatch bet€20
SBR Rating B
1XMatch bet€88
SBR Rating A
1XMatch bet€5

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. 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.



 

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