You generally have to deposit some of your own money into a new account before you can unlock a sports betting bonus. This is called a match bonus. For example, betting sites might offer you a 100%. DraftKings Sportsbook Claim 20% Deposit Match Bonus Up To $1000; Colorado Online Sports Betting Sites For February 2021. Pro sports got off to a late start this year due to the pandemic, and Colorado has mostly reopened since the March stay-at-home orders were rescinded. While there are many things that attract users to any reputable sports betting site, legal online sportsbook bonus options are often the most compelling. These gambling bonuses are usually offered in the form of deposit match promotions, giving you extra money in the form of a percentage of your deposit. While the TopBet sign-up bonus is supposed to be worth 100 percent of your first deposit, the most recent sports betting site reviews have been pretty unfavorable. You can look at our overall TopBet review for more information. For now, though, we wouldn't endorse using them.

Savvy gamblers have known for years that to maximize your gambling dollar, and you’ve got to find the freebies. Freebies come in a plethora of forms.

For casino gamblers, these may be free spins or various comps from free buffets to luxury suites.

Bonuses can be as varied as the comps you find in brick and mortar casinos. The sports betting game is extraordinarily profitable, and the books want your money.

Luckily for you, the industry is also incredibly competitive. I’m going to show you the various ways online sports betting bonuses can stretch your gambling bankroll to its max.

Online Sportsbooks Want You

Every online sportsbook is going to use bonuses to lure you through their virtual doors. You should expect to have tons of promotions, bonus money, and various other freebies laid at your feet to draw you in as a new customer.

Existing customers are afforded many of the same luxuries, and if you put a lot of money into play, those luxuries may be better than new customers get.

I want to give you the skinny on all the things you need to know about online sports betting bonuses.

I’ll explain the different promotions and how they work. We’ll also look at how to ensure you’re receiving absolutely the best value for your gambling dollar.

You have bonuses coming from every direction at times, and it may be overwhelming.

Online sports bettors who understand where the best value is are putting themselves in a much more advantageous position for success.

If you are new to online betting or a grizzled veteran, you will undoubtedly benefit from the information I will provide you.

Let’s Be Clear About Bonuses

Before we take another step, I want to make something crystal clear.

Bonuses are amazing, and it’s basically free money.

Who doesn’t love free money?

That’s right, nobody.

However, it’s imperative that you not chase a bonus ahead of a better line offered by a competing sportsbook.

Winning is 100% more valuable to your bankroll than any bonuses you’ll receive. I have never come across a single bonus that provided near the value of merely winning.

I was recently faced with such a choice. One sportsbook I have used in the past was offering a decent money-back bonus on an event.

Yet, a competing sportsbook that I hadn’t ever used was offering an extra 1/2 point on the spread.

Bonuses are fantastic, but they’ll never be able to replace higher payouts or better odds.

You don’t want to lose a $100 bet by 1/2 a point and walk into the office the next day, bragging about your free hat.

Having said all of that, if you are offered the same line by multiple real money sportsbooks and 1 offers a free money bonus (or even a hat), take the free money.

Reducing the Vig

Reduced juice bets are some of the most popular bonuses you’ll see. They are also one of the best values you can get.

Sportsbooks take a percentage of bets as payment for bringing the action to the masses.

This percentage is referred to as the vig or the juice, among other terms.

Sportsbooks are looking to attract equal money on both sides of any particular event.

By doing this, it guarantees that no matter the outcome of the contest, they will make a profit.

Bonuses, where the sportsbook chooses to offer a better payout, is a reduced vig bonus. So, instead of betting $110 to win $100, you may be offered $105 to win $100.

The veteran sports bettors understand how significant that $5 can be when you’re betting $10,000 as opposed to $100.

$5 quickly becomes $500.

Savvy gamblers will not pass up an opportunity to lay money when the house reduces the juice. They know that you don’t have to win as often to make money when this is presented.

Typically, you’ll see this promotion offered for random games across a selection of different sports.

You can gain a tremendous advantage playing reduced vig bonuses.

Obviously, the reduced vig doesn’t do you any good if you still lose the bet.

The Deposit Bonus

The deposit bonus has become the industry standard for attracting new customers. Casinos, poker sites, and sportsbooks all embrace the deposit bonus.

Deposit bonuses are reasonably straightforward.

The sportsbook will match the amount of money you deposit with them. Usually, a percentage of your deposit is matched.

Think of it like your 401k, where your company matches a predefined percentage of your investments. Only you might get a 100% match from an online sportsbook.

The percentages that will be matched can vary greatly, and the dollar amounts are just as widely varying.

It is for this reason that you absolutely must read all the fine print associated with any bonus you choose to accept.

Without exception, there will be specific criteria that you will need to meet before you can ever manifest the bonus dollars into cold hard cash. If the online companies didn’t place these stipulations, people could simply create an account, deposit $200, and immediately withdraw $400.

If enough people logged in to simply get their free $200, the sportsbook would go bankrupt.

For the sports bettor that plans to be in the game long term, the deposit bonus is fantastic. Suppose you are more interested in making a small deposit and placing only a few bets before cashing out. The deposit bonus won’t be the best option for you.

Online Sports Betting Bonus

The deposit bonuses are a driving force for new customers to online sports betting. Always be sure to read the terms and conditions of online casino bonuses carefully.

Top Bonus for Existing Customers

Reload bonuses are nearly identical to the deposit bonus, with the most significant difference being that these bonuses target existing customers.

Anybody that has taken even the most basic of business classes will know that it costs much less money to retain customers than it does to draw new customers to your business.

You can almost always find great bonuses if you are new to an online sportsbook. If you are on a rough losing streak or simply wanting to add funds to your account, you may find options are thin.

You can find sportsbooks online that will extend reload bonuses reasonably regularly, while many only offer this customer loyalty a few times a year. If you’re in the market to reload your account and don’t have any bonuses sitting in your inbox, I encourage you to contact the site’s customer service.

Free Bet Bonuses

Free bets have gained a lot of traction as a popular online sport betting bonus over the past several years. You are mostly going to find these at the more popular online sportsbooks.

Basically, the sportsbook will cover the first bet you place with them if you happen to lose. This is, of course, up to a certain dollar amount. Often it’s in the range of $10-$30.

Online Sports Betting Sign Up Bonus

When you see a free bet offer, you should always take the sportsbook’s offer. You’re playing with house money, so it’s a real win/win.

If your bet wins, that’s great. You don’t need a bonus. Yet, if you lose the bet, you are going to have a freebie waiting on you.

Conclusion

There are as many different types and variations of online sports betting bonuses as there are online sportsbooks. You may come across several versions of the bonuses I’ve covered for you here.

It’s just as likely you will come across something on the leading edge of sports betting marketing that I may have missed or simply doesn’t exist yet.

In summation, always read all terms and conditions of the bonus you’re receiving and never under any circumstances pass up a better line for a bonus.

You should not struggle to find the best online sports betting sites. With the incredible growth witnessed in the industry, there are many platforms where you can play online. However, there are a couple of platforms you should avoid.

To help you find the best sports betting sites, this guide lists the top three best online sports betting sites: Bovada, BetOnline, and MyBookie.

There are many factors that make the best online betting sites. These sports sites cover many sports and have the fastest payouts. They are honest, trusted and reliable.

1.Overview of Bovada

Bovada is by far the best sports websites for bettors in the US. The company offers everything you would ever want. Bovada is easy to navigate, professional and has many offerings for bettors. Players have never complained about missing payouts. It is one of the most secure sports gambling sites.

Banking and Deposits

Bovada boasts of smooth deposit options for gamblers. However, the platform does not have many deposit money deposit options although things are easy and straightforward. Deposit options include bitcoin, Amex, MasterCard and visa. Transactions are quite fast with fewer hoops. You can use the cash almost immediately.

2. BetOnline

BetOnline is yet another notable sport betting platform. They always improve infrastructure, bonuses, and promotions so that you can get incredible products. It is important to know that you are playing on a platform that keeps improving their performance.

Banking and Deposits

The platform requires a minimum of $10 to play. Payment options include MoneyGram, Mastercard, western union, bitcoin, Skrill bank, discover card, diners club, American express, Ethereum. Support BTC and USD.

Sports Betting Bonus Offers

Customer Support

Customer support is extremely important when it comes to finding the best sports betting sites. BetOnline offers one of the best customer support system including email and phone. You can ask questions related to skill game, casino, and poker and you will get quick responses. Also, you can connect with the customer reps through social media networks such as Instagram, Facebook, and Twitter. Follow them on twitter to see how lines are moving and upcoming bets.

3. MyBookie

MyBookie is an incredible top online sportsbook and casino. Even though some aspects need to be improved, it still offers some incredible features that gamblers would appreciate.

Banking and Deposits

There are a host of banking options that the website offers. It is easy to deposit and withdraw funds any time of the day. However, the website does not offer e-wallet options like other sports gambling sites. Players hope in the future MyBookie will introduce Neteller and Skrill.

Bonuses

MyBookie offers some incredible bonuses for players. There is a broad assortment of bonus across sportsbook and casino which players can use to spin, earn bonus money and so much more. In addition, the bonuses are more extensive as compared to other sports betting online websites.

Customer Service Support

MyBookie has one of the best customer support among sports betting online sites.

First and foremost, they offer customer support 24hrs, offering help to customers. Apart from that, you can easily reach them through telephone, web form, and live chat. Customers have recorded satisfaction in customer support as they are helpful and fast.

User Interface

It does not matter if you are using a desktop version or mobile version of the website. Also, the quality of the user interface is commendable. The website is easy to navigate. It is never an issue to find what you want on the website, all thanks to the thoughtful and quality built.

Finding the best online betting sites that are safe and secure is not easy as there are many fake sites online. However, a good online gambling site is that which offer the best user experience, easy banking options, and great customer support.