In online sports betting, there is a lot of competition between the different sportsbooks. Every sportsbook has a different way of attracting customers, but one common method is through promotions and bonuses. We are always looking for ways to help you find the right sportsbook, and we base our reviews on many different factors. One of these factors is the kinds of betting promotions and bonuses that are offered by the sportsbook. We explain what they are, how you should use them, and what they can do for you. Make the most out of your bets!
What are online betting promotions and bonuses?
On a mission to beat the competition, every sportsbook comes up with innovative ways to market their platform. The bonuses and promotions are a form of marketing for the sportsbook. They want to attract new users and do so by giving an incentive to sign up for or use their platform. Since money is a big part of the betting industry, most of the promotions and bonuses involve giving away money. Although there are many other techniques to convince the customer, once you are aware of some of the most common promotions, you can use it to your advantage and make some extra cash!
Different types of betting promotions
There are many kinds of betting promotions and new ones arrive every day, but some of the more commonly used bonuses are;
- Deposit or reload bonus
- Free bets
- Referral bonus
We will describe each one of these promotions in detail to find the promotions and bonuses that suit you the best.
Online betting deposit bonus
The moment you deposit your money with any sportsbook, that’s when you become a customer. That is precisely what these sportsbooks want you to do, and they seduce you by giving a bonus. Some examples of this can be;
- 100% deposit bonus up to $60
- : 100% deposit bonus up to a maximum $250
- : 200% welcome bonus up to $400
As you can see, these bonuses are exciting, and there is enough for you to benefit!
Cashback betting promotion
When you are a sports bettor, it’s not all rainbows and sunshine. Sometimes, you lose a bet. There is not a single person that has a clean record, but to keep customers from quitting, sportsbooks hand their customers a little of their cash back. Some examples of this can be;
- $35 money back if your first bet loses
- $15 money-back guarantee if your first bet loses
- $10 of your wager back if your bet loses
Free bets betting promotion
Another type of betting promotion is the possibility to place free bets. Free bets come in different forms, but we have found some good looking examples for New Jersey sports betting;
- $30 in free bets when you make your first $10 bet
- 2 x $10 Free Bets when you place 2 x $10 bets
- Up to $1000 in free bets
Sports betting referral bonus
Another way of attracting customers is through the referral program. Sportsbooks pay their customers to make their friends sign up for their platform. In this case, your customers are doing the marketing and sales for you. The referral system works great in combination with other promotions. Some examples of this can be;
- 50% up to $400 Refer-A-Friend
- Earn $200 for every friend
- Earn $50 for every friend
What to be aware of with betting promotions and bonuses
All these promotions might sound really good, and in most cases, it is really good, but you should be cautious. When something is too good to be true, it usually is. When you see a bonus, always make sure you take the following steps;
- Read a review about the sportsbook to see if they are trustworthy
- Read the terms & conditions
- Consider if this is the right promotion or bonus for you
We have done extensive research of the New Jersey sports betting market and found the most trustworthy bookmakers with the best promotions and bonuses. We did the work for you, so you can spend your time collecting checks!
What are the terms & conditions for betting promotions and bonuses
Take into consideration that all the sportsbooks that we recommend in our top-list are valid, trustworthy companies. However there are always terms & conditions attached to sports betting bonuses. Three examples of conditions that can be attached to these bonuses are the following;
- You have to be a new customer
- You have to deposit more than $1000
- You have to bet more than ten times (rollover criteria) the deposited amount to be able to withdraw your deposit bonus
- What is rollover in sports betting bonuses and promotions?
In the terms & conditions of many bonuses, you can find the term rollover in combination with a deposit bonus. If the rollover is ‘x5’, you have to bet 5 times your deposit before you are able to withdraw your bonus. We will explain this term with the use of some examples;
- Your deposit bonus is $100 dollars, but your must rollover 5 times
- You should bet more than ($100 x 5) = $500 dollars
- You can now withdraw your deposit bonus
Always make sure you are cautious with the rollover criteria. It can become tough to keep your bankroll positive without proper risk management if you aim to meet the required rollover.
Most creative online sports betting bonuses and promotions
Over time, You will start to see a pattern in these promotions and bonuses, most of them are the same. However, some of these sportsbooks take pride in coming up with innovative challenges and promotions to keep their customers around. These are some of the most creative examples we have found;
- Win a dream trip to any Champions League game
- Start with $1 Million, answer 20 sports questions and what’s left is yours
- College Football Pick’Em Contest to win up to $70,000
How to choose the bookmaker with the best betting promotions
When you are picking your favorite sportsbook, there are many factors to consider. We have done a lot of research and wrote several online sportsbook reviews to help you find the right place to bet, find yours today! In the best scenario, you stick to one bookmaker for an extended period of time. So, when picking your preferred bookmaker;
- Check the initial deposit bonus (Giving you a warm welcome)
- Check the frequency of new bonuses arriving (Making sure you don’t have to keep switching between sportsbooks)
- Check the volume of the entire sportsbook (The bigger the sportsbook, the more bonuses and promotions they can give away)
The best bookmakers for betting promotions
We focus on New Jersey, that’s our area when it comes to sports betting. That is the reason we have chosen some of the bookmakers that serve the New Jersey sports betting market the best. Not only because they are a perfect match for sports bettors in New Jersey, but because they have some terrific promotions and bonuses. Find them in our toplist and pick your favorite!!
Making the most of online betting promotions and bonuses
At this point, you are aware of the different types of bonuses and promotions that are out there. There are so many options that you might feel overwhelmed. To benefit the most from these promotions, keep an eye on our promotions page. We update this page with some of the best active betting promotions out there. Always look further than the first offer and accurately read the terms and conditions. You might have to put in a little more effort, but the rewards will be bigger as well!
Sports betting is a competitive industry. On the one hand, everyone wants to be the most successful sports bettor, and on the other hand, all the sportsbooks wish to have as many people using their platform as possible. To attract customers to join their platform and use their sportsbook, they offer bonuses and promotions. With the right amount of research, you can spot the best promotions out there and benefit from the best bonuses. We are here to help you make the most out of your sports betting career. We want you to win your bet, but we also want you to earn the biggest rewards possible.
What are online betting promotions and bonuses?Online betting promotions and bonuses are techniques for a sportsbook to bring customers to join their sportsbook and keep betting.
What kind of online betting promotions and bonuses are there?There are many different kinds of promotions, but the most known promotions are; Cashback, free bets, deposit bonuses, and referral bonuses.
What are the best bookmakers for bonuses and promotions in New Jersey?After doing intensive research on the various sportsbooks active in New Jersey, we have selected the most suitable for New Jersey sports betting in our top list.