Most sports books give you a bonus when you first open an account and start placing bets with them. These bonuses are usually a lot smaller then casino bonuses. The reason for this is that sports betting is a skill based game, casino games are luck based games. A casino can formulate the terms and conditions of their bonus to make it very likely that you will lose your bonus before you have met the wagering requirements. The can make sure that they, on average, make money on every bonus they pay out. A sports book cannot do this because they do not have a guaranteed edge.
Below we are going to look at some common types of sports betting bonus.
One of the most common types of bonuses you get when registering with a sports book is the free bet. The free bet is usually worth less than USD50 but some sports books offer larger free bets. The free bet can usually be made on any event but you have to place the entire bet on one game. You can not divide the free bet to make several smaller bets. If you lose then the bet is lost. If you win then the money you won is considered bonus money and you usually have to meet a wagering requirement before you can withdraw your winnings.
A risk-free bet is similar to a free bet but it is not the same thing. A risk-free bet means that you get your money back if you lose your first bet but you do not get more money to use to bet. When you get a free bet you can place that bet and use the money you deposit to make a second bet (or several smaller bets). This is not possible if you get a risk-free bet. Risk-free bets never cost the sports book anything because you only get it if you already lost the money you get to them in the first place. Learn more about types of gambling.
A free bet is more valuable than a risk-free bet.
A matching bonus is a bonus you get when you make your first deposit. Matching bonuses are common among online casinos but only a few sportsbooks offer this type of bonus. The size of the bonus you get is in direct proportion to how much money you deposit to your account. The amount you receive is often provided as a percentage. A welcome bonus of this type might be worth 100% up to USD500. This means that you get a bonus that is the same size as the deposit you make and the largest amount you can receive as a bonus is USD500. To receive the maximum bonus you need to deposit USD 500. 100% of USD500 is USD 500.
There is always a wagering requirement associated with this type of bonus. This bonus is worth more money than other types of bonuses but is also associated with a lot more terms and conditions that you need to fulfill before you can withdraw your money. Also checkout about interactive gambling by visiting https://www.infrastructure.gov.au/media-technology-communications/internet/internet-governance/interactive-gambling