Sportsbook promos are great ways to attract new customers to your betting site. However, these promotions are not free. They usually have a playthrough requirement. If you fail to meet the requirements, the bonus funds will be forfeited.
Online sportsbooks offer a variety of different bonuses. A popular type is a first-deposit match bonus. The bonus matches your initial deposit, up to a predetermined limit. Some sites also offer reload bonuses. These can be in the form of a percentage value. For example, if you make a $100 deposit at BetRivers, you can receive a risk-free bet worth up to $500.
Other bonuses can include odds boosts. An odds boost refers to an increase in the betting odds on a particular sporting event. Some legal online sports betting sites have a special tab dedicated to these boosts.
Another common promotion is a referral bonus. Most sportsbooks reward people for referring friends. When a friend joins using your referral code, you will receive a free bet. Sometimes, the amount of the free bet depends on the amount of the friend’s deposit.
You can find a lot of information about sportsbooks and betting in general on the Internet. The best way to determine if a sportsbook is reputable is to read independent reviews. Ask questions if you’re unsure.
Many sportsbooks require a minimum deposit. This ensures that you won’t lose money when you first start wagering. Some sites don’t have a minimum, but you’ll need to bet a certain number of times to withdraw.