The leading mobile betting sites offer prospective customers large sign-up bonuses in a bid to fend off competition from rival operators.
However, these bonuses come with rollover requirements, which you must complete before you can cash out. Read on to learn what a sportsbook bonus entails.
Sportsbook Bonuses Explained
The best mobile bookies offer welcome bonuses for new customers and reload bonuses for existing customers.
Sign-up offers are designed to get you in the door, and the reloads are designed to keep you from migrating elsewhere.
You might occasionally be offered a small no deposit bonus, but they are rare. You generally need to deposit your own money to receive bonus funds.
For example, BetUS offers a 100% crypto sports bonus worth up to $2,500. If you deposit $2,500, you will get an additional $2,500 to play with, giving you $5,000 in total.
Bonuses take two forms: a cash bonus, whereby you get your stake back when your bet wins; and a free play bonus, whereby your stake is not included in your returns on winning bets.
Rollover Requirements
Sportsbooks must impose rollover requirements on their bonus funds. If they didn’t, customers could just take the money and run.
You have to play your bonus funds a certain number of times before you can cash out. It gives you time to see if you like the mobile betting site, and it gives the sportsbook time to convince you to stay for the long-term.
For example, the 100% BetUS bonus mentioned above has a 10x rollover requirement. If you receive a $100 bonus, you need to place $1,000 worth of wagers before you can withdraw any winnings, and you have 14 days in which to do so.
