The online sports betting marketplace is quite crowded with competition these days. All of the legal sportsbooks that are up and running have a very distinct characteristic in common: They want you as a customer.
In order to gain your business, they’re not shy about loosening the purse strings. Advertising may help them gain attention, but a fantastic sign-up offer can move a customer from a curious shopper into a depositing user quite quickly.
Free bet offers and sportsbook bonuses can take on many forms. Before diving in and trying these opportunities, it’s a good idea to have a handle on how they work. That’s where we come in. Read on as we explore everything you need to know about sportsbook bonuses and free bet offers.
The best sportsbook bonus offers can help you get started with your sites of choice. There are a number of options to consider, such as placing your first bet in risk-free fashion, getting some extra bang for your buck with deposits and even free bets. Let’s take a look at all of the major types of offers.
This is a popular bonus that can help you boost your bankroll right from the start. Once you’ve signed up and created your account, the sportsbook will match your first deposit up to a certain amount. For example, DraftKings in New Jersey will match a percentage of your first deposit up to a whopping $1,000. Here’s how it works.
As a quick example, if you deposit $1,000, you’re eligible for a match of $200. The sportsbook will release the bonus in $1 increments for every $25 that you wager. From the time that you sign up, you have 90 days to play through enough to clear the entire bonus.
Naturally, you should deposit an amount that you’re comfortable with. If you deposit $500, you’re looking at a $100 match, or a $20 match for a $100 deposit, and so on. This is a great way to try out a new site while getting some extra funds to play with. Note that you may need to enter a sportsbook bonus code or promo code to claim the bonus.
One of the biggest holdups for new players interested in sports betting is the concern of losing funds. Losses are going to come with the territory with any form of wagering, but there are ways to mitigate at least some of the risk.
Some offers give bettors a chance to try a new sportsbook in risk-free fashion. After signing up and making a deposit, you can place your first bet with some insurance on your side. If the bet loses, you’ll receive a refund for the amount of your wager in site credits.
For example, FanDuel Sportsbook has a $1,000 risk free bet offer for new customers. To take advantage, you simply have to use our links to create an account and make your first deposit.
Then, find a game or event you want to wager on. All you need to do is click the odds that correspond with your choice. The wager moves over to the betting slip, where you enter your wager amount, verify everything is correct and click submit.
You’ll receive confirmation that you’ve placed your bet. To track it, you can look at the pending wagers section of your account. If you make the right call, FanDuel will credit your account with your winnings as soon as the result is final.
If you lose your bet, you’ll receive a refund of your bet amount in the form of site credits. You can use these credits to place additional bets onsite, and any winnings you obtain while using them are yours to do with as you wish.
In concept, this offer is quite similar to having a risk free bet at your disposal. However, you can get the bet match even if you win your first wager. In a nutshell, once you create an account, make a deposit, and place your first bet, the sportsbook will credit you with a free bet.
The free wager will be equal to your initial bet up to a certain amount. While you should always only be betting at your comfort level, this is another opportunity that provides you with some added security on your first wager.
Let’s say that it’s a matching bet offer of $50 from Caesars Sportsbook in New Jersey. You place your first bet at that dollar amount and see what happens from there. Regardless of whether you win or lose, the sportsbook will provide you with a free bet of $50.
The amount of the matched bet isn’t free money that you can withdraw; you’ll have to play it onsite, but any winnings resulting from that wager are yours to keep. If you happen to hit on both your first wager and the matching bet, your new account will be off to an awesome start.
This is another popular bonus in the arsenal of online sportsbooks. While it may seem similar to some of those mentioned above, it works in differently. The money back free bet will result in funds coming back your way if a wager doesn’t work out under certain parameters.
A lot of these offers have to do with dreaded “bad beat” scenarios, such as an MLB team losing after having a lead entering the ninth inning or an NBA loss in overtime. If it happens to you, you’ll get a credit back for the amount of your wager that you can use to play onsite.
It’s important to note that you won’t be automatically covered for all unfortunate scenarios, so be sure to take the time to review the terms and conditions of the offer prior to placing wagers. Many sites will also offer variations of this, such as an insurance offer on wagers. An example is FanDuel NJ, which will refund certain parlay bets if you miss out on a single leg.
Last but not least, we have one of the most desirable offerings that scores of users have flocked to. Certain sportsbooks will provide you with a free bet just for signing up. DraftKings NJ is among those that have this offer available for new players.
To gain access, you have to go through the same basic process that we outlined above. You click one of our links to create an account and enter your information. Once that’s all set, you’ll receive the free bet in your account.
If you spend enough time watching sports, consuming content or in betting circles, then there’s a good chance that you’ve heard about a bunch of wagering sites. Some of them are more than worthy of the hype, while others don’t pass the smell test.
It can be challenging to put your finger on which ones are for real or not, but there’s a quick and easy solution. All of the sites we feature here at PlayNY are on the up and up. They’re legal and regulated, among the top sportsbooks in the nation and offer some outstanding promos. If you see a site listed on our pages, then you can be sure that it’s legal and safe to use.
One other note to keep in mind: while legal sports betting continues to grow, there are still other options out there. A simple rule to follow is this: Don’t use them. When looking to bet on sports online, stick to the legal and regulated shops.
Unregulated offshore sites may claim to be legit while promising you the stars and the moon. Unfortunately, there have been plenty of horror stories that show they are not. Quite simply, there’s just no justification for putting your funds at risk when legal and safe options abound.
We have gathered the top bonus offers in the industry right here. New York residents can take full advantage of them, but you’ll have to follow a specific process. Here’s what you’ll need to do:
New Jersey has emerged as the top spot for online and mobile wagering. Its close proximity to New York City certainly helps, and plenty of bettors from neighboring states come to the Garden State to place wagers. As an added bonus, you can take advantage of the same sign-up offers that the state’s residents have access to.
All sportsbook bonus offers and free bets will have their own terms and conditions. We’ve outlined the major points here, but we still encourage you to review the rules and regulations of the offer prior to placing your wagers.
For example, an offer may require you to place bets at a certain odds level, such as -200 or better. Here are some of the other major points to keep in mind:
Beyond those requirements, you should also be aware of specific betting restrictions in New Jersey. You can wager on college football and basketball, but there’s no wagering on in-state colleges or on events that take place in the state.
As the legal sports betting industry continues to expand, sportsbooks are jockeying for position. To attract as many new users as they can, many books will make bonus offers available to new customers. In a nutshell, the site will offer you assorted goodies for taking your business there.
You can get risk free bets, deposit matches and even completely free wagers. Offers will vary by sportsbook, but all of them provide you with some extra incentive to try a new place to play.