Is Sports Betting Legal in New Jersey?

With so much competition in the sports betting market, you can bet these companies are going to try to one-up each other to keep you coming back to place more sports bets at their site and not their rival’s site. This competitive marketplace can mean big savings for bettors.

We will cover the main sports betting bonuses that are available for both new customers and frequent bettors alike at the top online gambling sites:

Welcome Bonuses

If you are just joining a site, then the welcome or sign-up bonus is always going to look really enticing. These bonuses are a popular option for new players looking to boost their initial bankroll and maximize their betting opportunities. They’ll usually offer you a 100% deposit match bonus on your first deposit and this can often go up to $1,000 at many of these sites.

Some sportsbooks even offer bonuses on your first three deposits, which can turn into thousands of dollars of additional cash. You may need to enter a bonus code with each qualifying deposit to claim these multi-deposit offers.

But these sites are smart. You cannot simply make that deposit, get the deposit bonus, then take the money and run. There are certain rules and wagering requirements to follow before you can turn those bet credits into actual cash. That means you’ll have to wager a multiple of the bonus funds before you can withdraw or may have to make a minimum sports bet to use the funds at all.

The rollover requirement can be a large number at some of these sites, but it will always be a smaller number for sports betting than for casino gaming. For example, if you deposited $400 and received that amount in bonus funds, you would need to wager $4,000 in sports bets to meet the rollover before withdrawing any winnings.

You also could not just bet $400 repeatedly on a huge favorite (-20000 odds), because there is always a restriction on what odds you can bet on to qualify for rollover. The odds usually have to be -200 or higher.

But the bonus funds you receive from a welcome bonus are usually a good way to get started with betting on these sites, especially if you plan to be a consistent sports bettor or prefer betting with Bitcoin; crypto players typically get the best bonuses. Just remember that some online sports betting platforms may require you to enter in a bonus code to take advantage of a welcome offer.

Existing Customer Promotions

If you continue betting with the same sportsbook, you hope to receive perks and ongoing promos in exchange for that loyalty. Those who deposit and bet frequently on sports should in theory be entitled to loyalty programs, rewards programs and lucrative offers on risk-free bet credits and deposit matches.

Here is a list of some of the sportsbook promotions you can expect to see as a returning customer:

• Enhanced & Boosted Odds: Often you should see enhanced odds for select betting markets. For example, a line on a player prop that is usually -150 may get an odds boost to +100 for just that evening’s game and you can bet up to a certain limit on those enhanced odds to get a better payout.
• Reload Bonuses: A reload bonus works essentially like a deposit match. When you opt-in to the promo and make your deposit, expect a match in bonus funds anywhere from 30-to-100% of your deposit. Some sportsbooks may also require a promo code to activate this offer. If you are doing this on the sportsbook, chances are the bonus will be rewarded in free bets.
• Risk-free Bets: These are fun for sports bettors. You can wager up to a certain amount on a game after opting into the promo — sometimes by entering a promo code — and if your bet loses, you will receive the amount of your wager in free bets. Just be sure to use the free bets before they expire.
• Free Bets or Bonus Bets: These bonus bets can be awarded in various ways, including deposit bonuses, risk-free bets or trying out horse racing wagers or live betting on select sportsbooks.
• Loyalty and Rewards Programs: Many sportsbooks offer loyalty programs or rewards programs designed to give back to frequent bettors. These programs often allow you to earn points for every wager, which can be redeemed for free bets, bonus funds or even merchandise and event tickets. High-volume bettors might also qualify for VIP tiers with additional perks like faster withdrawals and personalized promotions.

Sportsbook promos like boosted odds and bonus bets can provide a lot of additional value while betting with your preferred online sportsbook. There are also rewards programs and loyalty programs available at many top online sports betting platforms that can provide additional perks and benefits, including exclusive sports wagering promo codes.