Comparing Different Sports Betting Bonuses
With so many premier online sportsbooks, part of the fun isn’t just betting on your favorite team or event, but the real-time predictions. Like the incredible rise of online casinos, virtual sports betting is a multi-billion-dollar enterprise. With so many betting options, for those looking to get into the exciting world of sports betting, you might need some help building up your bankroll or recovering from a busted parlay bet. The purpose of this guide is to break down the most common sports bets for beginners.
Comparing the General Sports Bets
Taking up the sports betting promotions works in many ways like online casino bonuses. The top online betting sites usually offer a hard-hitting welcome bonus. From insurance bets to parlay boosters, discover these common sports bets to help you get to the finish line.
Welcome Bonuses
For most online sportsbooks, the common welcome bonus is the no-sweat bet, which is sometimes known as the insurance bet. The typical no sweat bet covers first-time bettors usually up to $150 if it doesn’t pan out.
More sportsbooks also offer a deposit match bonus for new sports bettors. After making the minimum deposit, new sports bettors enjoy a 100% deposit match, between $50 $500, depending on the site. The premier online sportsbooks like BetMGM and Fanatics offer a fixed amount of instant credits for betting a fixed amount, such as $30.
Parlay Bonuses
One of the most common sports bets is the parlay. The general parlay bet pays out when all the legs of the bet payout. The minimum parlay bet is usually three legs. A same-game parlay takes that concept but has all those legs part of the same game. To encourage members to go for the gusto with parlay bets, the top sportsbooks offer parlay insurance bets.
Usually, when one leg of the parlay bet fails, you don’t go bust. Instead, you usually recoup your bet from the lost parlay leg so you can bet again. To encourage bigger parlay bets, the top online sportsbooks also offer parlay builders, which are especially helpful for beginners to learn how to build a competitive parlay bet.
Free Bets
If you’re familiar with free spin bonuses in playing slot games, the free bets play a similar role in sports betting. While free bets can be for new members, they are meant to encourage established members to continue making bets. Sometimes, for popular events like the Super Bowl or the College Football Championship, members can make a free bet for a small amount, like $5 to $25, on most bets, like moneyline and prop bets.
Reload and Cashback Bonuses
Like online casinos, reload and cashback bonuses are becoming more en vogue at the top sports betting sites. Make a deposit, usually between $10-$30 on a particular day, to bet up to a 50% deposit match to make more sports bets.
And in case those moneyline and spread bets don’t pan out, the cashback bonuses come to the rescue. Like online casino bonuses, the cashback bonus gives sports bettors a percentage of their previous losses back as credits into their accounts.
What Makes a Great Sports Betting Bonus?
While some sports bets promise big bonuses, unfortunately, not every one is worthy. For beginners, a wise move is to check the bonus terms, especially the wagering requirements. Some sports bonuses, including reload bonuses, can have high wagering requirements, which might not make them worth taking up.
Final Thoughts
Besides up-to-the-minute predictions and odds, sports bettors can join multiple sports betting sites to take advantage of the competitive welcome bonuses. New sportsbooks usually ramp up their welcome offers to encourage established members to join. You can also find innovative bonuses to help build membership.
The post Comparing Different Sports Betting Bonuses appeared first on Russell Street Report.
Source: https://russellstreetreport.com/2025/08/06/sports-betting/sports-bets/
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