Sports bettors are typically awarded bonuses after making their first deposit to an online sportsbook. Bonuses are an added incentive for a player to weigh when choosing a sportsbook. Some sportsbooks offer cash bonuses and others freeplays. The two bonuses differ in that with a conventional cash bonus, the bonus funds are added on top of the player balance and can be grouped in with his normal wager. A freeplay bonus is kept separate from the player balance and once wagered, only the winnings are released into the balance.
For example, a bettor depositing $100 might receive a $20 cash bonus. The player is able to then make a $120 wager on a sports game. Assuming the odds of the wager were +100 (or even money), the player would receive $120 back, for a total balance of $240.
A bettor using a freeplay might have deposited $100 and similarly received a $20 freeplay bonus, but he is unable to pool the freeplay in with the cash balance to make one singular wager. However, the player is free to bet $100 on a game, then bet the $20 freeplay on the same. Assuming again the odds of the wager are +100, the player would receive $100 in profit from the bet made using his available balance, and $20 in profit from his freeplay winnings. The initial freeplay amount is not returned to the player, thus the balance would be $220.
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.
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