Best Sign Up Bonus Betting Sites
First things first, you need to check out what bonuses are on offer at each sports betting site. With so many sites to choose from, narrowing down the list can be tricky. Our hand-picked list of the top betting sites with the best welcome bonuses makes it easier to compare each bookmaker and select the best welcome bonus for you. A guide to the sports betting bonuses & free bets offered by online sports betting sites. Bonuses are a great way to add to your bankroll, and some sites are quite generous, particularly to new customers signing up and depositing for the first time. Find out why sites give away free money and what you can expect. PointsBet’s 2 risk-free best up to $2,000 is one of the better deposit bonuses when you first sign up. Terms and conditions apply.; PointsBet is an Australian company, starting to make inroads into the US online sports betting industry, with strong showings in several US states.
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- Bonuses are an easy way to increase your bankroll, but they come with conditions
- Sportsbooks typically require you to wager a certain amount before bonuses can be withdrawn – this is called play-through
- Understand betting play-through requirements with this guide
It’s easy to understand that sportsbook bonuses are a great way to bolster your bankroll. Figuring out exactly what terms and conditions you have to fulfill before you’re able to withdraw these bonuses is not as simple.
Every bonus offered by an online sportsbook, regardless of whether it’s an initial deposit bonus, a free bet bonus, or otherwise, comes with a set of wagering requirements.
Understanding detailed terms of bonuses such as play-through requirements and time limits can be complex, and sportsbooks often use complex jargon to obscure the complexities of redeeming these bonuses.
That’s where we come in. To have all the nuances of your sports betting bonus explained in simple, plain English, read on!
Find the best sign-up bonuses offered this season by checking our list of the best betting bonuses. Every site on the list has their best deposit bonus offer listed.
What Does Play-Through Mean?
Firstly, “play-through” can also be referred to as “rollover.” Two terms are interchangeable.
An example might help in understanding just what these mean. Let’s say that you deposit $250 to a sportsbook that is offering a 50% bonus with a 5x rollover. This means that you’ll have $375 to bet with, but can’t withdraw the bonus money until you’ve placed $1,875 ((250+125)x5) in bets.
The following table illustrates how much you will have to wager in order to clear common rollover/play-through requirements and obtain your bonus money, assuming a $100 initial deposit:
Sportsbooks calculate rollover and the bets that go towards clearing it differently, so be sure to read the terms and conditions carefully.
Sportsbooks May Place Odds Restrictions and Time Limits on Rollover
Some sportsbooks credit you your risk amount for losing bets, and the lesser of the risk or win amount for winning bets. This means that if you bet $10 on the Patriots at -110, you earn $10 towards your rollover requirement if they lose, but only $9.09 if they win.
Most books have rules against betting strong favorites to clear the rollover, so don’t be surprised if you have to bet at higher than even money to earn credit towards your rollover. If you have to bet at better than 2/1, it’s probably not a good deal.
Another thing to look out for is a time limit on the rollover. Rushing your bets to clear an arbitrary threshold is a sure way to place poor bets and lose money. Before you take a bonus with a time limit, calculate how much you need to bet per week to clear that requirement, and figure out if this makes sense for the way you want to bet.
Depending on Your Online Sportsbook, There May Be Additional Requirements on Your Bonus
Besides play-through requirements, sportsbooks have a variety of other terms associated with sign-up bonuses that you need to be aware of in order to clear your bonus for withdrawal.
They vary from sportsbook to sportsbook, so it’s worth reading the fine print before jumping on one and trying to cash out before you’ve met all of them.
Here are some examples of additional requirements:
- Bets with a price of less than or equal to -200 (1.5) do not count toward fulfilling sportsbook bonus rollover requirements
- No withdrawals can be made within 30 days of claiming this promotion
- Only eligible for use in sports, horse racing, and casino
- You can only have one active bonus at any one time. To claim another bonus the current active bonus must be completed or closed first.
- In multiple bets, at least one selection must have odds of 1.50 (1/2) or greater to count towards any turnover requirement
Essentially, you might have to look out for the following requirements at your sportsbook:
- Odds restrictions on bonuses. Some bets may not count towards your rollover beyond a certain threshold. Usually, this means that you can’t just bet on massive favorites over and over again for your rollover requirement.
- You may have to wait for a specified time period before you withdraw your bonus.
- You may be restricted to only using your bonus at certain sections of your sportsbook.
- Sometimes, a sports betting site offers multiple bonuses. This is common if they have ongoing bonuses. You’ll likely only be able to have one active bonus at a time.
Apply Your Knowledge and Start Betting Today!
Now that you know exactly how sports betting bonuses work, you know the next logical step: start betting!
No matter whether you’re after a sign-up bonus or an ongoing bonus, we can point you in the right direction with that helps you decide on the optimal sports betting bonus.
Anything else you want to know about sports betting bonuses that we haven’t covered? Email us and we’ll make sure to cover it in an upcoming article.
View our Free List of the Big Bonus Bets from Australia’s leading online bookmakers. We review each of the bookmakers in Australia and give readers the biggest Bonus Bets available including Daily Racing Specials, Bet Boosts, Enhanced Odds and Bet Back Offers.
Get the BIGGEST Bookie Bonus Bets in Australia at BigBonusBets.com.au as well as the latest bookmaker promotions, offers and competitions.
RACING BONUSES:Get the BIGGEST Racing Bonus Bets HERE!
Sportsbet is our favourite Australian bookmaker. They have been around for a long time and provide the best support, service and odds for the widest amount of markets.
- Huge amount of markets
- Markets up early
- Popular among punters
Neds.com.au offer incredible promotions and offers on a wide range of racing and sports, Not to mention they have some of the biggest and best odds and an easy to use website and app.
- Australian owned & operated
- Outstanding website
- Excellent customer service
Ladbrokes.com.au are one of the leading online bookmakers in Australia. Ladbrokes offer the best racing and sports offers out of all bookmakers as well as an easy to use website & mobile app.
- Best website in the business
- Excellent mobile apps
- Large range of markets
PlayUp.com pride themselves on their overall excellent online betting service and they're proud to be one of the few completely Australian owned corporate bookmakers.
- Australian owned and operated
- Great betting products
- Best Tote + Start Price Odds
The TAB.com.au mobile app is probably the most used betting up available with its simplistic design and easy to access information it is an app any punter needs.
- Excellent rewards program
- Lots of betting markets
- Deposit in stores or online
The Palmer name has been synonymous with betting for over 30 years. Fully Australian owned and licensed, Palmerbet have been winning fans with their great odds & betting experience.
- Always improving their website
- Competitive odds on racing
- Australian owned & operated
Bookmaker.com.au is another betting product owned and run by the Ladbrokes group. They offer a similar well rounded service that punters have come to respect.
- Owned & backed by Ladbrokes
- New and improved website
- Easy to use webite & app!
BetStar was bought by Ladbrokes last year but runs as a stand alone business. Their site is basically the same as the Ladbrokes site which is easy to use. Thousands of racing & sports markets!
- Great user friendly website
- Brand new website
- Plenty of racing & sports markets
Unibet.com.au are new to Australia but they are renowned as one of the biggest International bookmakers in the world. Their product is very good and they offer great odds.
- Great for mobile betting
- Hundreds of racing markets
- Clean, well designed website
SportChamps isn't your typical online bookmaker and it's no surprise to see their unique style of betting is winning over sports fans. Take part in a betting tournament today!
- Australian owned
- Easy online verrfication
- No turnover requirements
Australian Bookmaker Reviews
We take a look at the latest Bonus Bet Offers, Bet Back Offers and Promotions from all Australian bookmakers including Sportsbet, Ladbrokes, Neds, TAB, UniBet, Betstar, Bet365, Madbookie and Palmerbet.
We give readers a free list of Big Bonus Bets available from each of the bookmakers to give you more for your buck.
Big Bonus Bets and offers vary state to state with exceptions for most offers from residents in NSW, Victoria.
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