A bonus from a sportsbook is intended to encourage you to be active and place bets. Any bet that doesn’t qualify for a bonus won’t count toward the bonus requirement. The sportsbook wants to incentivize you to take risks and bet on long-shots. So, any bet that’s a heavy favorite won’t count toward the bonus requirement, but bets on long-shots will.
Reload bonuses
Reload bonuses are a great way to boost your bankroll. These bonuses are usually in the form of free bets or site credits. Most reload bonuses have certain wagering requirements and expiry dates. Check with your sportsbook for details.
Odds boosts
Sportsbooks often use odds boosts to increase the odds of a certain bet. These boosts are designed to increase the payout for a certain type of bet and attract more players. However, odds boosts are not without their drawbacks.
Free bets
Free bets at sportsbooks are an excellent way to test a new sportsbook before depositing real money. Free bets are typically between $5 and $10. However, you should be aware of the terms and conditions before you claim the free bets.
Spread bets
Betting on the spread can be a lucrative and fun experience for any bettor. It adds an extra twist to the betting process, and it’s also one of the most pure forms of sports betting.
Proposition bets
In sports betting, proposition bets offer you the chance to place a wager on something that is unlikely to happen during the game. For example, you could place a bet on a coin flip in the Super Bowl. The odds for a coin flip are 50/50, which means you can make money on either side of the bet.
Betting exchanges
Betting exchanges for sportsbooks function similarly to traditional sportsbooks, but have a lower overhead. Since they do not have in-house odds-making staff, the commissions they charge are typically lower. However, they do charge a commission if you win, typically around two to three percent of the total amount of your bet. In addition, some betting exchanges have free accounts or offer a commission-free welcome bonus. However, you should read the fine print of any offer before betting.