Getting a good welcome bonus is something you’ll want to make sure you get at a sportsbook. There are several different types of bonuses and promotions offered by online sportsbooks. These bonuses are designed to get you betting and active with your new sportsbook. They can be very valuable if you’re a dedicated bettor who’s ready to make a significant deposit. However, most deposit bonuses will require you to wager a lot of money before you can cash out your bonuses.
Sportsbook welcome bonuses are available through the sportsbook’s website, in the sportsbook’s app, or on your browser. You can get up to $500 in risk-free bets for your first deposit. However, be sure to read the fine print before making your first wager. Some bets won’t count toward your bonus requirement, so you won’t get the money back. You’ll also want to ensure you have enough money to cover your deposit.
You can also use promo codes to get a sportsbook welcome bonus. Promo codes are usually available in the promotional section of the sportsbook’s website, and can range from $25 to $50. However, many bettors only use one sportsbook, so they won’t be able to take advantage of these bonuses.
If you’re new to sports betting, you may want to start out with a moneyline bet. This is a bet that involves picking a winning team on either side of the scoreboard. While it is a good starting point, it’s important to remember that there are better bets for novice bettors. You’ll also want to avoid betting on heavy favorites, because they don’t count for your bonus requirements.
Another common sportsbook promo is a risk-free bet. This type of bonus requires you to place a certain amount of money on a risk-free bet. Then, if you’re lucky, you’ll get your money back if your bet wins. This can be an easier way to place a larger bet than a few smaller ones.
Some sportsbooks also offer a referral bonus. This can give you a cash bonus if you refer a friend to the sportsbook. You’ll earn a few bucks if they sign up, but you can also earn $100 or more if you refer a friend who signs up and deposits.
Besides a welcome bonus, sportsbooks also offer reload bonuses, which are often offered as ongoing sportsbook promos. Reload bonuses are awarded as percentage values, and the value of the bonuses vary from operator to operator. Reload bonuses are a great way to boost your account’s balance every time you make a deposit.
If you’re a dedicated bettor, you’ll want to check out a sportsbook that offers a wide variety of sports. This will allow you to have more options to wager on, and you’ll enjoy a better gaming experience. You can also look for sportsbooks that offer additional betting options, such as niche sports, like UFC or cycling.
Sportsbooks can set their own odds, which they do in order to draw action and avoid big losses. The odds are labeled clearly. Usually, the higher the odds, the better your chances of winning. However, every sportsbook has its own rules when it comes to winning bets. This means that some sportsbooks will allow you to place a bet on a team with a positive number, and others will have a negative number. This difference adds up over time.