Online sportsbooks offer enticing bonuses in an attempt to stand out from their rivals in a competitive market. You can unlock hundreds of dollars in bonus cash, but you will need to complete rollover requirements before you can cash out.
A sign-up bonus provides you with an incentive to choose a sports betting site over its rivals. You will normally need to deposit some of your own money and the sportsbook will then match it with free bet credit.
For example, BetUS offers a 100% crypto sports bonus worth up to $2,500. You need to deposit a minimum of $100, and BetUS will match it with free bet credit. If you deposit $200, for example, you will be given $200 in free credit, taking your total balance to $400.
A reload bonus is designed to reward you for topping up your account. It also helps maintain customer loyalty and stops you from taking your business elsewhere.
Reload bonuses tend to be smaller than welcome bonuses. For example, MyBookie offers a 100% sign-up bonus up to $1,000 on your first bonus, and then it gives you a 25% reload bonus of up to $500 on all subsequent deposits. You normally find lower rollover requirements on reload bonuses too.
When you receive bonus funds, you will need to roll them over a certain number of times before you can cash out.
For example, MyBookie imposes a 10x rollover requirement on its welcome bonus and on your qualifying deposit.
If you deposit $200, you will receive an account balance of $400. You need to play that through 10 times, so you must place $4,000 worth of wagers before you will be permitted to withdraw any winnings left over.