Deposit Match Sportsbook Bonuses: Guide To Maximizing Bets in 2024

Deposit Match Sportsbook Bonuses: Guide To Maximizing Bets in 2024
Fact Checked by Peter Mooney

In the ever-evolving landscape of online legal sports betting, the once prevalent realm of deposit match sportsbook bonuses has undergone a significant shift. While these sportsbook bonuses were once ubiquitous across all the top online sports betting sites, they have become increasingly rare in recent years, with their prominence diminishing in favor of other types of welcome bonus promotions, notably in the realm of online casino bonuses.

However, fear not: with this guide, we aim to empower you with alternative strategies to maximize your bets using various types of deposit bonuses offered by online sports betting sites. Let's dive into the dynamic world of sportsbook deposit match bonuses and optimize your sports betting site experience.

Best Deposit Match Bonuses & Welcome Offers

💰 BetMGM SportsbookUp to $1500 in Bonus Bets if Your First Bet Loses | Bonus Code: USBETTING
💰 Caesars Sportsbook$1,000 First Bet on Caesars | Bonus Code: USBETTING1000
💰 BetRivers Sportsbook2nd Chance Bet Up To $100 | Bonus Code: SPORTS
💰 bet365 SportsbookFirst Bet Safety Net up to $1,000

Alternatives to Deposit Match Bonuses

In response to the shifting landscape, online sportsbooks are now diversifying their offerings beyond traditional deposit match bonuses. From bonus bet credits to reload bonuses and cashback incentives, sportsbook promo codes now encompass a variety of enticing promotions designed to cater to the preferences and needs of online sports bettors. Despite this change, we're here to tell you why traditional deposit bonus offers can still be advantageous.

2nd Chance Bet

A second chance bet, commonly offered as a sportsbook bonus, is a kind of safety net that will refund your stake if your initial wager loses. This type of promotion allows you to take calculated risks without facing the full consequences of a losing bet. While the main advantage lies in the opportunity to recover some or all of the lost funds, the downside includes potential restrictions or requirements for the refunded amount, such as needing to use it for further betting rather than withdrawing it immediately.

Bonus Bets

Bonus bets are promotional offers that grant bettors additional funds beyond your initial deposit. These bonus funds often come with specific terms and conditions, such as minimum odds requirements or restrictions on the types of bets that can be placed. While the main advantage of bonus bets lies in the opportunity to potentially boost winnings without risking additional personal funds, the downside includes the potential for complex wagering requirements or limitations on withdrawing winnings derived from the bonus funds.

Visit BetMGM.com for T&Cs. Must be 21+. VA only. New Customer Offer. All promotions are subject to qualification and eligibility requirements. Rewards issued as non-withdrawable bonus bets. Bonus bets expire in 7 days from issuance. Please Gamble Responsibly. Gambling Problem? Call 1-800-GAMBLER

Bet and Get Offers

Bet and get offers like "bet $5, get $150" entail sportsbooks providing a bonus bet to bettors who meet specific qualifying criteria, such as placing a minimum wager. These offers often serve as enticing incentives for both new and existing customers to engage with the platform and explore different betting opportunities. While the primary advantage is the potential for substantial bonus rewards relative to the initial wager, drawbacks may include stringent terms and conditions, such as minimum odds requirements or limitations on the usability of the bonus funds.

How to Claim Sportsbook Deposit Bonuses

To claim a sportsbook deposit bonus, start by clicking the green "VISIT NOW" button embedded in any of the banners on this page. This will send you to the site of the sportsbook you chose where you can sign up for an account on the platform. During registration, you may need to enter a promo code if provided. Next, make a qualifying deposit according to the terms outlined by the sportsbook. As always, it is crucial that you carefully read and understand all the terms and conditions, including wagering requirements, minimum odds, and expiration dates, to ensure eligibility and maximize the benefits of the bonus.

The Best Sportsbook Deposit Bonuses

These are some of the best sportsbook promos available right now in the deposit bonus category.

  • BetRivers 2nd Chance Bet - Win a 2nd Chance Bet up to $500 The Betrivers 2nd Chance Bet promotion offers bettors the opportunity to win a second chance bet worth up to $500. If your initial qualifying bet loses, BetRivers Online Casino provides a safety net by refunding your stake in the form of a free bet, allowing you another shot at wagering without risking any additional funds.
  • BetMGM’s New User Promotion - $150 in bonus bets BetMGM Online Casino's New User Promotion offers all new bettors $150 in bonus money upon signing up for a BetMGM Sportsbook account and making their first deposit. This enticing offer provides newcomers with additional funds to explore the platform's betting options and potentially enhance their wagering experience.
  • Caesars Sportsbook’s Sign-Up Offer - $1,000 bonus bet Caesars Online Sportsbook's Sign-Up Offer presents its new users with a generous $1,000 bonus bet upon registration and qualifying deposit. This substantial bonus provides bettors with ample opportunity to dive into the online sportsbook's offerings and give your betting experience the turbo-charge treatment.
  • Bet365’s Bet and Get Offer - Bet $5 and Get $150 in Bonus Bets Bet365's Bet and Get Offer allows bettors to wager $5 and receive $150 in bonus bets, providing a significant boost to your sports betting bankroll. This promotion not only incentivizes new users to join the platform but also offers a compelling opportunity for existing members to explore new betting markets or strategies without risking any of their hard-won funds.
Place your first cash bet up to $1,000, and if the bet loses, you will have your wager refunded in Bonus Bets. T&Cs, time limits and exclusions apply. Must be 21+. Gambling problem? Call 1-800-GAMBLER

Take Advantage of Multiple Welcome Offers

Taking advantage of multiple welcome offers at different sportsbooks allows you to maximize your exposure to various sports betting promos. By diversifying across multiple sportsbooks, you can access a wider range of promotions, such as deposit bonuses, bonus bets and enhanced odds.

Tips for Maximizing Deposit Bonuses

To maximize deposit bonuses effectively, bet on familiar markets to make informed decisions and increase winning potential. Be mindful of expiration dates to utilize bonus funds before they expire, and understand wagering requirements to plan bets strategically and ensure withdrawal eligibility. Additionally, compare offers across sportsbooks to select the most favorable terms and maximize the value of deposits.

❌ Common Pitfalls to Avoid

Common mistakes when claiming deposit bonuses include overlooking terms and conditions, misjudging wagering requirements, and failing to utilize the bonus within the validity period, potentially resulting in loss of bonus funds or missed opportunities for winnings. It's crucial for bettors to thoroughly review the terms and conditions of bonuses to ensure compliance and maximize their betting value.

Must be 21+ and present in VA. T&Cs apply.

No Deposit Offer Bonuses

No deposit bonuses at online sportsbooks provide sports bettors with bonus funds without requiring an initial deposit, offering an opportunity to explore the platform and potentially win real money without risking personal funds, making it essential for bettors to seize these offers and carefully adhere to any terms and conditions to maximize their benefits.

⏰ Time To Use Deposit Bonuses

Throughout this article, we've emphasized the importance of understanding the terms and conditions associated with sportsbook promotions like deposit bonuses, as well as employing strategic betting tactics to maximize your benefits. Approach deposit bonuses as both a valuable opportunity to enhance your betting experience and a challenge to navigate wisely, ensuring you make informed decisions to capitalize on these sportsbook bonus codes effectively.

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Author

Sam Davies is a freelance journalist who writes about music, film, sport, fashion and culture. His writing has been published by the BBC, Guardian, Financial Times, Conde Nast, Rolling Stone, Vice, Dazed and many more. Follow him on Twitter @samdavies313.