Best Betting Bonuses & Promotions Available for August 2023

Ernest Masuka profile picture
Sports Editor Fact Checked by Nick Raffoul

The size of the online sports betting market neared 60 billion dollars in 2019 and is forecast to double by 2023, so it’s no wonder sports betting bonuses are the order of the day as sites grapple to seize a chunk of the market.

But, with so many options to choose from, it can be hard to decide which sportsbook promotion to cash in on. Fortunately, if you want to learn more about online betting bonuses and sports betting site promotions in general, we take a look at what sports betting bonuses are, the different types, and how and where to claim them right here.

BetOnline Sports logo

50% up to $1000 Welcome Bonus

5 Stars Claim Now
Everygame Sports logo

100% up to $500 Welcome Bonus

5 Stars Claim Now
BetNow Sports logo

100% up to $1000 Welcome Bonus

5 Stars Claim Now
Bovada Sports logo

Get a Welcome Bonus of up to $750

5 Stars Claim Now
Sportsbetting AG Sports logo

50% First Time Deposit Match Up To $1000

4.5 Stars Claim Now
Lucky Block logo

200% Bonus up to $10,000 + 50 Free Spins

5 Stars Claim Now
Jazz Sports logo

50% Sports Welcome Bonus Up To $1000

4 Stars Claim Now
BetUS Sports logo

125% Sign Up Bonus Up To $2,500

5 Stars Claim Now
MyBookie Sports logo

50% Welcome Deposit Bonus up to $1000

5 Stars Claim Now
Mega Dice Offer logo

200% Bonus up to 1BTC + 50 Free Spins

5 Stars Claim Now
BUSR Sports logo

150% Deposit Bonus up to $2500

4.5 Stars Claim Now
XBet Sports logo

50% Welcome Deposit Bonus Up To $500 + $10 Casino Chip

5 Stars Claim Now
In This Guide

Best Sportsbooks for Betting Bonuses

If you’re looking to join a new sportsbook, one of the biggest factors that’s likely to influence your decision is the selection of betting bonuses. The endless variety of sports betting promos out there can make it difficult to find the very best ones.

But luckily for you, we’ve compiled our list of the best online sportsbook bonus offers available below:

  1. BetOnline – Welcome bonus with low minimum deposit and great NFL promos
  2. Bovada – Best crypto-friendly deposit bonus.
  3. MyBookie – Home to a great deposit match betting bonus for first-time users.
  4. Everygame – Bonus with the lowest (4x) wagering requirements.
  5. BetUS – Our top choice online sportsbook for betting bonuses, including a huge welcome offer
  6. XBet – Some of the best betting app promotions available online.
  7. Lucky Block – Impressive VIP  program
  8. BetNow – Bonuses that you can claim with no promo code.
  9. BUSR – Has an excellent first deposit match bonus of up to $2,500.
  10. Jazz Sports – Very nice bonuses and promotions

Reviews of Sportsbooks Offering the Best Betting Bonuses

So, what betting sites have the best betting bonuses? We’ve already laid out our recommendations of the top 10 offshore-based sportsbooks with the best sports betting bonuses on the market. But we’re going to narrow down the list and further unpack the top 5 sportsbooks from the list.

1. BetOnline – Best Sportsbook for Reloads and NFL Promos

Best Betting Bonuses & Promotions Available for [cur_month] [cur_year]

Pro-crypto gamers looking for betting bonuses to beef up their crypto accounts right away can count on BetOnline promo code to help them along. A first-time crypto welcome bonus of 100% up to $1 000 is available if you deposit using the available digital payment methods.

A reasonable 14x rollover condition is attached to the crypto bonus. Bettors have 30 days to use up the bonus, which is more than enough time. When the signing bonus is off the table, BetOnline offers a 5% Crypto Boost and a 35% Crypto Reload Bonus to keep you in the game.

Traditional bettors need not feel left out and can claim the 50% bonus up to $1,000, which comes with 10x wagering conditions. To activate the BetOnline sign-up bonus sports betting, you must deposit a minimum of $55, using payments other than Skrill and Neteller.

There are often special promotions around major sporting events like the first day of the season, March Madness or the Super Bowl. For example, for Super Bowl LVII users can claim a reload bonus worth up to $1,000.

Claiming any of the betting bonuses is simple enough owing to the intuitive interface. BetOnline is one of those bookies with user-friendly sports betting apps. New users of the site will be able to adapt quickly to the platform. Should you have any queries, you have a support team ready to assist round the clock.

Sports Sign-Up Bonus

Bonus Amount Deposits Rollover Min Deposit Promo Code
Sports Welcome Bonus 50% up to $1,000 1 deposit 10x $55 INSIDERS
Sports Crypto Bonus 100% up to $1,000 1 deposit 14x Not specified CRYPTO100
Sports Reload Bonus 25% up to $250 1 deposit N/a $50 LIFEBONUS

Sports Promotions

  • 35% Crypto Bonus – A 35% reload bonus up to $350 awaits bettors who deposit at least $20 using crypto payment methods.
  • 5% Crypto Boost– You’ll receive a 5% bonus if you deposit using crypto methods like Bitcoin, Litecoin, and Dogecoin.

No Deposit / Free Bets

BetOnline doesn’t offer the coveted no deposit bonus offer or free bets at the present moment.

What we like:

    • Toll-free customer service telephone number
    • Live streaming
    • Multi-event feature that allows wagering on two events simultaneously
    • Competitive odds on major tournaments like World Cup and Champions League
    • Wide range of payment methods

What we don’t:

  • Lower welcome bonus than other sites
  • No sports betting free bets

2. Bovada – Best Sportsbook for Consistent Gamers

Best Betting Bonuses - Bovada

If you’re a consistent bettor, you might as well be rewarded for your continuous wagering efforts. Bovada is one such online sportsbook that allows you to start accumulating points from the very first wager you place and work your way up.

To get to the profitable loyalty program, you have to go through the 50% bonus up to $250, which isn’t necessarily the best sports betting bonus, but sufficient. We love the low 5x wagering requirement to balance the low bonus percentage.

When you make your deposit, the welcome bonus won’t reflect instantly. You must wait at least 30 minutes. Crypto lovers can activate the 75% bonus up to $750, which also comes with a 5x rollover condition. That proves how Bovada is one of the betting sites with bonuses with reasonable wagering conditions.

Bovada is a safe and secure gambling site running on a connection with a Secure Socket Layer so you can wager with peace of mind. You have several prominent leagues to wager on, including the iconic March Madness during the NCAA college basketball season, and of course MLB baseball.

Sports Sign-Up Bonus

Bonus Amount Deposits Rollover Min Deposit Promo Code
Bitcoin Casino Welcome Bonus 125% up to $3,750 3 deposits 25x, 50x Not specified BTCCWB1250, BTC2NDCWB
Bitcoin Sports Welcome Bonus 75% up to $750 1 deposit 5x Not specified BTCSWB750
$3,000 Casino Welcome Bonus 100% Match Bonus up to $3,000 3 deposits 25x Not specified
Sports Welcome Bonus 50% up to $250 1 deposit 5x Not specified
Poker Welcome Bonus 100% up to $500 1 deposit N/A Not specified PWB500

Sports Promotions

  • Refer a Friend Bonus – If you refer a friend to wager with Bovada, you get $275 when they make their first deposit on the platform.

No Deposit / Free Bets

For now, Bovada doesn’t fall under the betting sites free bonus no deposit offers category, and neither does it offer free bets presently.

What we like:

    • SSL-encrypted betting platform
    • 24/7 customer service
    • Dynamic betting odds
    • Flexible betting limits ranging from as low as $1

What we don’t:

  • Few ongoing promotions
  • Low bonus percentage

3. MyBookie – Best Sportsbook for Horse Racing Betting

Best Betting Bonuses & Promotions Available for [cur_month] [cur_year]

MyBookie is among the top sportsbooks and is known for offering a wide range of sports, competitive odds, and responsive customer support. To enjoy the mentioned aspects, you have to unlock the 50% bonus of up to $1,000. Even though the bonus percentage is low, at least the maximum bonus amount is high.

Horse racing fans will likely find the deposit bonus horse racing betting offer appealing. For wagering on qualified racing events, you get a cool 8% rebate, whether your wager wins or loses. Though the bonus doesn’t come with rollover conditions, you can’t cash it out immediately.

We’d love to see the bookie offering more betting bonuses on other sports like a deposit bonus for soccer betting or a deposit bonus tennis betting offer. But, for now, you can enjoy the cash bonuses and generous referral bonuses if you refer some of your gaming buddies to wager on the site.

The MyBookie website is protected by high-end SSL software for safe gambling. Players have over 30 sports and numerous betting lines to explore in the NFL, NHL, and NBA. Also there are good amount of MyBookie promo codes you can take advantage of. But it would be nice for the bookie to branch into esports and offer some more exclusive esports betting bonuses.

Sports Sign-Up Bonus

Bonus Amount Deposits Rollover Min Deposit Promo Code
Sports Welcome Bonus 50% up to $1,000 1 deposit 10x $50 INSIDERS
Cash Bonus 10% up to $200 1 1x $45 200CASH
Sports Reload Bonus 25% up to $500 1 5x $100 MYB25

Sports Promotions

  • 8% Horse Rebate – Horse racing fanatics can claim an automated 8% rebate on wagers you place in qualified tracks. You’ll receive your funds the next day.
  • 200% Referral Bonus – You can collect a 200% bonus if you refer a friend to join and deposit on MyBookie.

No Deposit / Free Bets

MyBookie doesn’t currently offer a no deposit bonus or free bet bonuses to new and existing players, but hopefully, that’ll change soon.

What we like:

    • Premium live betting site complete with competitive odds
    • Easy to install mobile app
    • No transaction limits using Bitcoin
    • 24/7 customer support

What we don’t:

  • Payouts take slightly longer to process(48hrs)
  • No esports

4. Everygame – Best Sportsbook for Parlay Wagers & Bonuses

Best Betting Bonuses - Everygame

Judging from the number of parlay-related betting bonuses offered by Everygame, this online sportsbook will resonate with the skilled player. Beginners might find the parlay bonuses a tad overwhelming, considering you need to nail all wagers to win the bet.

Regardless, the 100% bonus up to $750 has fair terms that novice players will find comfortable to work with. First off, the bonus is spread across three deposits, with each bonus amount capped at $250. Everygame has one of the lowest rollover bonus sports betting requirements of only 4x, and players have 100 days to use the offer.

Armed with betting bonuses, players can wager on various betting markets. The operator also throws in good odds for players to place profitable wagers. Everygame doesn’t impose maximum betting limits on winnings, although the maximum stake is $2,000. The low maximum bet amount might not sit well with high rollers, but recreational players won’t complain.

If luck is on your side and you nail your wagers, Everygame allows a generous $100,000 winning limit per week. Speaking of payouts, several payment methods exist with various minimum/maximum withdrawal limits ranging from $20 to $2,500, too.

Sports Sign-Up Bonus

Bonus Amount Deposits Rollover Min Deposit Promo Code
Sports Welcome Bonus 100% up to $750 3 deposits 4x Not specified 3XB00ST250

Sports Promotions

  • 50% March Madness – Basketball fanatics can claim a 50% bonus of up to $250 by wagering on college basketball.
  • 600% for Parlay Hoops – This is another promotion aimed at basketball betting enthusiasts. If you wager a winning four-fold accumulator wager, you receive $50.
  • $1K Monthly Parlay Prince – The player with the highest net profit from a single accumulator bet each month will receive $1000
  • Refer a Friend Bonus – The referral bonus allows players who refer friends to earn a commission for a lifetime, but you’ll need to join the affiliate program.

No Deposit / Free Bets

Everygame doesn’t offer a no deposit bonus right now, but you can get free bets if your parlay loses by only one option.

What we like:

    • No withdrawal fees on most payment methods except bank wire, check, and debit card
    • Streamlined verification process
    • Wide range of promotions
    • Fast loading speeds

What we don’t:

  • Long payout time frames
  • Only one bonus option

5. BetUS – Best Sportsbook for Crypto Gamers

Best Betting Bonuses

We’ve voted BetUS as the best online sportsbook for crypto players who love options when picking betting bonuses. BetUS rolls out the red carpet for new customers with three bonus offers, one in traditional currency and two in crypto.

The first is a 200% bonus up to $2,500, one of the highest max bonus amounts we’ve seen. This comprises a 150% up to $1,875 bonus for sports bettors who deposit using crypto and a 50% up to $625 for crypto casino gamers. The sports betting welcome bonus comes with a 15x wagering condition, while the casino features a 30x playthrough.

The second is a 250% crypto casino bonus of up to $5,000. A minimum deposit of $100 is required to activate the bonus, which we admit is a bit steep for the average bettor. The 30x wagering requirements are relatively high, and players have 14 days to meet the rollover conditions.

The third is a 100% sports bonus of up to $2,500 for crypto gamers. Given the high bonus amounts, whether BetUS has the best betting bonuses is a matter of perception swayed by your bankroll. Using the welcome bonus, players get to wager on a wide range of sports comprising mainstream and niche markets like darts, politics, and entertainment.

A decent selection of payment methods is at your disposal, although judging from the numerous crypto betting bonuses, we’d like to see more crypto payment platforms. You can access all the bonuses and other functions on the operator’s mobile apps.

Sports Sign-Up Bonus

Bonus Amount Deposits Rollover Min Deposit Promo Code
Sports Welcome Bonus 125% sports up to $2,500 1 deposit 30x $100 JOIN200
Cash Bonus 20% Cash Bonus up to $500 1 deposit 6x $100 20CASH
Sports Crypto Welcome Bonus 100% up to $2,500 1 deposit 10x $100 SU100CRYPT
250% Casino Crypto Bonus 250% up to $5,000 1 deposit 30x $100 CAS250

Sports Promotions

  • 20% Cash Bonus – Deposit a minimum of $100 to claim a 20% cash bonus up to $500 if you deposit using cryptocurrency.
  • 100% Crypto Re-up Bonus – By depositing a minimum of $100, you get a 100% bonus on your next two deposits using crypto.
  • 50% Re-up Bonus – Get an additional 50% bonus on your crypto deposit of up to $10 000, depending on your deposit.
  • 50% Referral bonus – For referring a friend to wager with BetUS, you’re rewarded with a 50% bonus of up to $1 000.

No Deposit / Free Bets

BetUS doesn’t offer free bets or no deposit betting bonuses currently.

What we like:

    • Over 25 years of experience in the industry
    • High maximum payout on crypto methods
    • Covers 2,000 live betting markets weekly
    • 24-hour payouts if processed before 10 am Monday to Friday

What we don’t:

  • Low maximum payouts using some payment methods
  • Few ongoing promotions

Comparing Sportsbook Betting Bonuses

It’s easier to compare betting bonuses if they’re in one place. To help you along, we’ve included all the 10 sportsbooks best sports betting bonuses and best betting promos in the table below. Hopefully, our comparison guide will help you select the best betting bonus for your needs and style of play.

Sportsbook Sign-Up Bonus Bonus Code Sports to bet on Live Betting Live Streaming
BetOnline 50% up to $1,000 INSIDERS 50+
Bovada 75% 3x up to $750 N/A 50
MyBookie 50% up to $1,000 INSIDERS 30+
Everygame 3x $250 up to $750 INSIDERS 40+
XBet 50% up to $500 N/A 30+
Lucky Block 200% up to €10,000 + 50 Free Spins N/A 40+
BetUS 125% up to $2,500 INSIDERS 40+
BetNow 150% up to $150 INSIDERS 40+
BUSR 150% up to $2,500 INSIDERS 35+
Jazz 50% up to $1,000 INSIDERS 30+ 50% up to $1,000 INSIDERS 30+

How to Claim & Withdraw a Betting Bonus

Now that you know the different betting bonuses up for grabs, it’s time to grab some bonus cash! At this point, you’re probably wondering; How do I turn my sportsbook bonus into cash? And once I do, can I withdraw bonus bet winnings?

We walk you through a typical process of claiming and withdrawing your sports betting bonuses with BetUS desktop or mobile apps.

1. Create an Account

The first step to claiming sportsbook bonuses is by signing with top bookies. To register with BetUS, click Join Now, and complete the registration form that pops up. You need to provide your name, date of birth, phone number, zip code, email, and password, and click on “Create Account”.

Best Betting Bonuses & Promotions Available for [cur_month] [cur_year]

2. Select a Payment Method

With your account up and running, proceed to the deposit section, and select your preferred payment method using a credit card, cash transfer, cryptocurrency, or bank wire. Go ahead and enter the amount you want to deposit.

Best Betting Bonuses & Promotions Available for [cur_month] [cur_year]

3. Enter Promo Code

Enter the promo code in the space provided, and pay attention to the case-sensitive nature of the bonus code. Cut and paste if you have to for accuracy.

Best Betting Bonuses & Promotions Available for [cur_month] [cur_year]

4. Place Wager

Assuming you know which sport you want to wager on by now, you can proceed to place your bet. You’re free to wager on any sport, but pay attention to the wagering requirements.

Best Betting Bonuses & Promotions Available for [cur_month] [cur_year]

5. Request Withdrawal

After satisfying the wager requirements, you can request your withdrawal. You do this by visiting the banking section and selecting the payment method, although you’re ideally supposed to use the same payment method as for deposits.

6. Wait for the Verification Process

Before your withdrawal is processed, BetUS verifies your account. You need to provide the platform with a scan of your ID and the card you used to deposit funds, where applicable.

7. Withdraw your Winnings

The final step is to withdraw your winnings. BetUS will notify you once your money is available via email, chat, or the call center.

Types of Betting Bonuses & Promotions

Betting bonuses aren’t one-size-fits-all, instead, there are different types of bonuses available to players. Each bonus functions differently, targets different users, and consequently benefits players in different ways.

MyBookie Betting Offers on Homepage

While several betting bonuses exist, we’ll categorize them under three broad categories for easier comparison. Essentially, there’s a group of bonuses targeted at only new players. The next group of bonuses is aimed at existing players, and the last category comprises sports betting promotions.

Sign-Up Bonuses

The name says it all; these are betting bonuses meant for new players. The best signup bonus sports betting offer is appealing enough to entice new customers into signing with the bookmaker. Betting sites with sign-up bonus sports betting offers present them in different forms:

BetOnline Sign Up Offer during Super Bowl

No Deposit Bonus

The no deposit bonus is among the most coveted betting bonuses in sports wagering, and one of the best signup bonus sports betting offers for newbies.

Betting sites free bonus no deposit offers allow players to wager on the site without depositing any funds, but still have a chance to win real cash. Depending on the sportsbook, you can receive the bonus as betting free bets or cash.

Reload Bonus

Reload bonuses are straightforward betting bonuses awarded as match deposit cash bonuses or free play. In this case, the operator offers you a certain percentage bonus after you make your initial deposit on the platform to boost your bankroll.

Rebate Bonus

The rebate bonus is one of the betting bonuses especially tailored for horse racing fanatics and is paid whether or not your wagers win or lose. Usually, the sportsbooks offer bettors the bonus as a percentage of your wager.

Crypto/Bitcoin Bonus

Crypto bonuses are betting bonuses that crypto-savvy gamers will find appealing. Players can only claim these bonuses using crypto payment methods offered by the bookies.

Risk-Free Wager

The risk-free bet is a popular sports betting bonus where the player gets a part of the initial stake back if the qualifying wager loses. The risk-free bet is presented as a site credit or free bet and gives you another chance to wager on the platform.

Existing Customer Bonuses

MyBookie - refer a friend bonus offer

Existing customer betting bonuses are for players who have already made an initial deposit or recurring users. Attracting players with sign-up bonuses is the easy part, but getting them to stay is where the real work starts.  Sportsbooks pull out all the stops to keep players happy and loyal. Here are different bonuses typically offered to existing customers.

Refer-A-Friend Bonus

As the name suggests, you get these kinds of sportsbook bonuses if you refer friends to join the site. Even so, simply signing up with the sportsbook isn’t enough. You only receive the bonus after your friend deposits on the site.

VIP Bonus

The VIP bonus is for elite customers who are part of a sportsbook’s VIP program. Players receive the bonus as a deposit match bonus, cashback, free bets, or risk-free bet.

High Roller Bonus

Players who have no issues consistently wagering the big bucks are encouraged to wager even more with the high roller sportsbook bonuses. The bonus can come in the form of a risk-free bet or deposit bonus.

Monthly Prizes

Monthly prizes are betting bonuses offered to punters who finish with the biggest bankrolls. That’s after participating in monthly sports betting contests. These bonuses encourage existing bettors to wager more on the platform to get a share of the cash prize.

Sports Betting Promotions

BetOnline sports reload bonus

Bookies offer sports betting promotions to generate interest in their sportsbooks. The best sports betting promotions give players reasons to want to join and stay with the bookie. Below are some of the most popular betting promotions.

Free Bets

Betting sites with free bets garner a lot of traffic given the appeal of this type of betting bonuses. Betting free bets can be offered as part of new customer offers or first bet insurance offers on certain sporting events. You either deposit money to claim them or get them for free, depending on the bookie.  But either way, you get more wagering opportunities.

Risk-Free Bet

A risk-free bet is among the most popular sportsbook bonuses availed by betting sites. When you claim a risk-free bet, the sportsbook refunds your wager if it loses. To make the most of a risk-free bet, it’s advisable to wager the maximum amount the bookmaker is willing to refund.

Enhanced Odds

Enhanced odds remain some of the best betting promotions to date, given their ability to significantly boost your earning potential on wagers. With this promotion, the operator bumps up the value of betting odds for certain sporting events.

Parlay Bonus

A parlay bonus requires you to wager on two or more selections for specific sporting events outlined by the sportsbook. The operator gives you a bonus amount if all your selections in the parlay bet win.

In-Play Bonus

In-play bonuses are betting bonuses that are claimed if you place live bets while a game is underway. Deposit bonus in-play sports betting offers allow you to win extra cash or free bets if your in-play wagers win. The operator usually specifies the sports you are eligible for using the in-play bonus.

Betting Contests

To pique punters’ interest, some bookies turn up the heat by availing betting contests on big sporting events. An attractive cash prize is usually up for grabs if your wagers are correct.

Cash Out

Cash-out isn’t your conventional bonus per se. Instead, the sportsbook allows you to cash out your wager before it settles. Utilizing this offer is mostly beneficial if you notice that your wager may lose when the game ends.

How Betting Bonuses Work – Understanding the T&Cs

As appealing as betting bonuses are, players can only enjoy them if they understand how they work. So, this is probably a good place to ask questions like; how does bonus work in betting?

Unfortunately, it’s not always as easy as winning free money. To make the most out of your sportsbook bonuses, you’ll need to understand the terms and conditions attached. We walk you through the common T&Cs you need to keep your eyes peeled on to utilize the bonuses optimally.

Rollover Requirement

Also referred to as wagering requirements or playthrough conditions, rollover requirements are very common in bonus T&Cs. A playthrough requirement indicates the number of times you must wager the bonus before you’re able to withdraw your winnings.

Rollover bonus sports betting conditions tend to range anywhere from 1x to 15x in sports betting, with the lower number being more desirable than a higher digit. Why? The lower the rollover condition, the sooner you can withdraw your funds.

An example of playing through a wagering requirement is if the bookie offers a 100% deposit up to $250 with a 5x rollover condition. It means you’ll need to wager $1,250 in bonus money to claim real money winnings from the betting site.

Deposit Stages

Some betting bonuses, particularly deposit bonuses are activated in stages outlined in the bonus T &Cs. The following stages are common to sports betting:

  • First deposit: In this instance, the bonus offered by the sportsbook only applies to the first deposit. In other words, you only have one shot to activate the bonus.
  • Second deposit: Some bookies split the bonus into two deposits allowing players to activate the bonus twice via two deposits capped at a certain amount.
  • Third deposit: It’s rare for bookies to split the bonus into three deposits although not impossible. In this case, players can activate the match bonus up to their third deposit on the site.

Min/Max Bet Amount

T & Cs also indicate the lowest amount you must deposit to qualify for the bonus in question. The minimum deposit amount permitted differs among bookies but ranges anywhere from $10 to $100. Newbies and players with limited bankrolls are usually comfortable with low minimum deposit amounts, while high rollers live for higher amounts.

In the same vein, the maximum bet amount indicates the maximum bet amount, the online sportsbook is willing to match. Depositing more than the maximum bet amount won’t earn you an additional bonus, so you’re better off sticking to the stated limits.

Promo Codes

Some operators link promo codes to specific bonus offers. Players must enter the code displayed by the bookie to get the bonus attached to it. In most cases, players are required to enter the promo code in the space provided by the operator while depositing funds. In some cases, you click on a link that you must use to enter the bonus code.

Either way, you must enter the correct bonus code when activating the bonus to avoid unnecessary delays in processing your bonus. Most of these promo codes are case-sensitive, and that’s why it’s advisable to copy and paste them where possible.

Restricted Markets

Some sportsbooks restrict the betting markets you can use the bonus on. For example, the bookie might prohibit players from using the bonus on horse racing or football. Should that be the case, these restricted betting markets are often explicitly stated in the bonus terms.

Proceeding to wager the bonus on restricted markets is to your detriment. Depending on the bookie, you’re automatically disqualified from the bonus altogether. In some cases, you’ll have to place another wager on the correct markets to activate the bonus.

Bonus Expiry

Most sportsbooks impose expiry dates on their bonuses, which are also explicitly outlined in the terms and conditions. The expiry dates are available in one of two ways. The bookie gives you a time frame to activate the bonus once you register before it’s off the table. For instance, the sportsbooks might give you 7 days to claim the bonus after registering.

The second scenario is where you have a specific time frame to use up the bonus or complete the wagering requirements by. The periods differ among bookies but can be 7, 14, or 30 days. If the expiry date lapses, any remaining bonus amount is automatically revoked from your player account.

Minimum Odds

Several sportsbooks impose the minimum odds you must use when placing your wagers with the bonus. Bookmakers use minimum odds to safeguard their financial coffers and avoid paying out on relatively guaranteed wins. The minimum odds will depend on the bookie, for example, -200 or higher.

How we Choose the Best Betting Bonus Sites

When on the hunt for sites that offer users the best betting bonuses, our team of experts doesn’t just pick them on a whim. There are several discriminating factors that separate quality sports betting bonuses from the rest. So, in this section, we will go through what our team looks out for when deciding what the best sports betting promotions are.

Low Rollover

One of the most important factors new players must consider when browsing through different sign-up bonuses is wagering requirements. When rollover requirements are higher, the chances of being able to claim your bonus winnings before the promotion expires are lower.

That’s why we felt it was important to check if an operator’s bonus had a low enough playthrough requirement to make claiming it worth the time and money.

High Bonus Amount

Another important thing we considered when looking at betting promotions is the amount of bonus money on offer. All of the best betting sites with bonuses promise reasonably large sums of money.

This is to ensure that users can get real value from the deposit match bonus or the risk-free bet they decide to claim. The more bonus funds you get, the higher the payout when you win, so ideally, you want to seek out the biggest offers.

No Deposit Bonuses

In a standard betting match bonus, the operator offers a sum of money equal to the amount of money you deposit. However, many top sites offer no deposit betting bonuses.

These are rewards that you can claim without having to fund your account. In our search for the best sports betting bonuses, we made sure to include a decent number of sites with bonuses that require no deposit to activate, including risk-free bets.

Choice of Bonuses

Most bettors love variety, especially when it comes to their sportsbook bonuses. With this information in mind, we made sure to favor sites that offer more than just a single welcome bonus. The sites on our list offer not only a sports betting signup bonus to hook customers, but also their own selections of the best betting promotions to keep them loyal.

Specific Event Bonuses

Last but not least, the final thing we looked at in the making of our list was the availability of special event bonus offers. Many betting promos often have some kind of theme, like March Madness, or something to do with seasonal festivities. It adds a bit of holiday cheer to online sports betting, as well as giving bettors some extra funds to capitalize on.

Popular Sports to use your Betting Bonus

Sports fans are often looking for betting bonuses specific to their favorite sport. NBA fanatics, for example, want basketball sports betting cash bonuses. NFL fans want football sports betting cash bonuses. MLB fans want baseball sports betting cash bonuses.

BetOnline NHL and MLB

And so it goes, with each group of fans looking for extra sportsbook bonuses that cater to their favorite sport. That’s why we’ve included this section explaining all the sports that are likely to have bonuses of their own.


Most red-blooded Americans love football, specifically the NFL. With so much popularity, it’s no wonder why there are so many people who love to make football bets on their go-to online sportsbook.

It’s also not surprising that the best sportsbooks often put heavy emphasis on their football sports betting cash bonuses, especially when the season reaches its climax in February and it’s time for the Super Bowl.


The second most popular sport in America is basketball, and it shows in the number of viewers who tune in to watch NBA matches.

As you’ve probably guessed from the previous point, a large viewership translates to a large number of people placing online sports bets. This means the second most common type of sportsbook bonuses you’re likely to find are basketball sports betting cash bonuses.


Hopefully, hockey fans don’t feel left out. While basketball and football tend to get more betting promos specifically made for them, there are still plenty of hockey betting best cash bonuses. It may not be as popular as the other two sports we’ve discussed but it does draw a lot of attention from fans. This naturally means it also draws a lot of attention from bettors on sports betting platforms.


As the third most popular sport in the US, there are many sports fans in the US who love to bet on baseball. Every serious online sportsbook knows to offer baseball sports betting cash bonuses. The only sports that have more promos on American sports betting sites are football and basketball.


There is very little question about what the most popular sport worldwide is. Soccer is played on practically every continent, by people from almost every country, and it is viewed by many more on television.

Countless fans worldwide love to bet on different soccer leagues and markets, and bookies recognize this demand. This is why you can get a deposit bonus for soccer betting on almost every online sportsbook you visit.

Horse Racing

While this sport may be losing popularity as the years go by, there is still a committed niche of bettors who flock to online horse racing sportsbooks and betting apps alike.

This demand has not only kept horse racing alive as a sport in many parts of the world. It has also led to many betting app promotions being centered around it. Granted, not every bookie out there will show horse racing the same love, but many do.


Tennis is a beloved sport worldwide and, thus, is bound to have a decent base of people betting on the outcomes of its matches.

While the best signup bonus sports betting on your favorite sportsbook isn’t likely to be for tennis, it doesn’t mean you won’t find one. Many of the best operators have a deposit bonus for tennis betting, waiting to be claimed by bettors who love the sport, and most offer a host of specials when it’s time for the big tournaments: US Open, Wimbledon, etc.


As gaming, in its many forms, gains more and more popularity so does professional competitive gaming in the form of esports.

Millions of fans and bettors gather to watch the highest-level gamers go toe to toe in any of the many world-famous esports titles there are. Any progressive bookie nowadays will be sure to have esports betting bonuses among those of traditional sports.

Best Payment Methods for Betting Bonuses

The average welcome bonus out there is likely to be a deposit match bonus. And as the name suggests, these require you to make a deposit that the website promises to match.

How you make a deposit is determined by which payment method you decide to use. Some payment methods (crypto) may even have a specific betting sites bonus or two dedicated to them


The most common way to claim a deposit bonus on most platforms is via Visa or Mastercard.

Most working adults have one, as these two types of cards have become the most popular means of banking in basically every regard. While they’re easy to use, fast and convenient, most sports betting sites will impose a 1-5% transaction fee on cards, which may push you to use another method.


eWallets are the second most common way people like to claim a deposit bonus. Skrill is among the most used, spanning 120 countries and 40 different currencies. Practically all online gambling sites supports it and it generally comes with negligible fees, if any, imposed on it.

Being fast, safe, convenient, easy to use, and widespread make it many people’s means of making their first deposit. We wouldn’t be surprised if you made it yours.

Bitcoin & Crypto

Bitcoin Deposit BetOnline

No other means of payment has taken the world by storm so quickly as crypto has in recent years. While we are far from every sportsbook offering a welcome bonus that’s specifically for crypto, many of them will take it as a payment for their regular deposit bonuses. Websites like Bovada even go a step further and tailor specific promotions to Bitcoin users only.

Bank Transfer

While most people wouldn’t make their first deposit bonus via bank transfer due to the long waiting times (about a week), many people value its security and reliability. This method of payment is available on most sports betting sites and apps. It is also pretty simple to use. If it weren’t for those pesky waiting times, this would be one of the better payment methods.

Mobile & App Betting Bonuses

Mobile betting fans out there should be happy to hear that the fun isn’t only on their laptops and desktops. There are plenty of great and worthwhile betting app promos that mobile users can take advantage of. Most bookies offer their welcome bonus to both users of the main website as well as the sports betting app.

This means that if you’re a fan of gambling apps, you don’t have to miss out on anything. The best part is it doesn’t matter what operating system you use. Whether you’re an Apple user or prefer Android devices, you can still enjoy the numerous betting app promotions to the fullest.

See our related pages…

After potentially finding the best signup bonus sports betting, you might still be hungry for more. If so, you’re more than welcome to visit our related pages.

Not only will you get insights about different the typical deposit bonuses available, but you’ll also get the best new promo codes, risk-free bet, and more! If you want to boost your average payout, go ahead and check these pages out!

  • Casino Bonuses – A detailed guide to all of the best casino bonuses available.
  • Promo Codes – The place to be if you’re looking for the right bonus code for you.
  • No Deposit Bonuses – Short on cash? Check out our list of the best no deposit bonuses.
  • Free Bets – Your guide to all the betting sites with free bets on offer.
  • Free Spins – Just as good as a risk-free bet (but for casino players).

Best Betting Site for Bonuses & Promos

After learning all of this, you might find yourself wondering: what sportsbook has the best bonus? Well, if you’ve not checked the top 10 up the page, all we can really say is that the best betting site for bonuses and promos is BetOnline.

BetOnline offers to match your first deposit up to $1,000 for sports which isn’t the largest but it does have a reasonable 10X playthrough. However, the number of other regulation promotions and contests as well as even larger bonuses and competitions around major sporting events makes it the best site for bonuses overall.

BetOnline Sports logo

50% up to $1000 Welcome Bonus

5 Stars Get Offer


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Ernest Masuka is a casino gaming expert, having worked as a casino floor manager and written in-depth online gaming guides and reviews for the past 5 years. He joined Basketball Insiders as a freelance content writer in 2021 and is now a full-time contributing writer. He previously worked for publications like Silentbet and TopBettingSites.