Which Are the Top Betting Sites With the Best Bonus Offers? Expert Picks for 2024
Having extensively reviewed all the sportsbooks, from popular to lesser-known betting platforms, we can confidently claim that Sportsbet, Betway and Stake offer the best welcome bonuses. Not only do they provide generous rewards, but also secure betting, as well as exciting promotions for new players.
When you find your new favourite sportsbook, it’s always exciting, but the thing that trumps that feeling is when you discover that your favourite new sportsbook also offers the best bonuses compared to other bookies. Our team of experts have taken the time to review and assess all the sportsbooks’ bonus terms and conditions to find the ones that stand out and put their players first.
So, whether you’re looking for bookmakers with the best welcome offers, need help on how bonuses work, what to look for, or what to avoid, this article is just for you!
Top 3 Sportsbooks With the Best Sign-Up Bonuses & Promos
Once you’ve completed the signing up process, you want to receive a welcome bonus to make the start of your betting experience so much more enjoyable. While there are a couple of bookmakers that don’t offer sign-up bonuses, there are plenty of ones that acknowledge that a welcome bonus is essential. If they don’t take care of you at the very start, how are they going to do that in the long run? But not to worry, we’re here to guide you in the best direction to ensure your selection is worthwhile. Check out our fantastic options for lucrative welcome bonuses below!
Key Features
- Support:
- Licenses: Curaçao
While often known for their assortment of sports betting markets, Sportsbet.io is undoubtedly one of the best bonus sportsbooks in the betting world. Thanks to their global reach, you can deposit with your preferred choice of currency, including USAD and CAD, as well as a cryptos such as USDT and BTC.
When signing up with this top-tier betting site, you get a generous offer that allows you to deposit and bet 30 USDT to earn a free 10 USDT bet token. As another option, the Welcome Bonus is available in JPY, ETH, and MBTC. But perhaps the best part is that there are no betting requirements to claim your free bet token. Just easy and hassle-free!
Sportsbet.io truly are the gift that keeps on giving! It’s not just their generous Welcome Bonus that stands out, but they even offer up to 20% cashback on selected sports bets. So, you can even claim back a portion of bets up to USDT 1,000 if they don’t come in! Talk about generous!
Pros
Cons
#ad• 18+• Opt in required• 50 USDT min bet• random cash rewards if correct team chosen• entries close after group stages
Key Features
- Support:
- Licenses: UK, Malta, Italy, Denmark, Spain, Belgium, Germany, Sweden, Mexico, South Africa, Portugal, Ireland, Poland, France, Argentina, USA
When you think of a bookmaker that literally has it all, from variety of betting options to promotions, Betway are undeniably one of the best gambling platforms you can join. They really take care of their customers and don’t get a lot wrong. But one of the many things that separate them from the other bookies is the free bets they offer.
When you open an account, they’ll get you started with a CAD200 free bet for your first wager. Plus, you’ll receive a free bet token if your first bet loses. And it doesn’t end there, they offer regular free bet specials to enhance your betting experience and keep you satisfied.
As part of the Parlay Club, you can earn CAD10 free bets and even claim smaller free bets on your favorite hockey clashes. Betway have a plethora of markets for a wide range of sport as well as live-in-play betting. You can view all Betway Boosts on the homepage without having to navigate through a million markets.
Pros
Cons
Ad• 18+• New customers• Max free bet €100• Free bet available on losing settlement of qualifying bet• 50 bonus spins creditted on placement of qualifying bet• Offer valid for 7 days from account creation• Full terms and conditions apply
Key Features
- Support:
- Licenses: Curaçao
Stake.com make up our top three well-researched selections and it’s really no surprise why! They are one of the go-to global sportsbooks for cryptocurrency depositors and they now accept payments with over a dozen digital currencies, in addition to Google Pay and debit cards.
At Stake.com, the retention bonuses are perfect for customers, regardless of what currency they use to deposit, making their betting experience all the more enjoyable. You can stand a chance to win big money through birthday raffles or enter races to win a share of $100,000!
And it just keeps getting better! You win cash by placing real-money sports bets and climbing the prize ladder, and best of all, there’s no need to opt in, either: you enter the ladder spots as soon as you place your first bet of the week. Betting made easy!
However, it is rather unfortunate that there are currently no welcome bonuses offered at Stake.com. However, in this case, with enough boosts, enhanced odds, and retention bonuses to cover it, you really won’t be short of something to opt into.
Pros
Cons
#Ad. 18+. Full terms and conditions apply
How Do Sportsbook Bonuses Work?
You’ll be very happy to know that it’s quite straightforward to claim your bonus after you’ve signed up. Here’s what you need to know to help you get started.
- 1
Firstly, you’ll need to decide on the bonus that you’d like to claim. If you’re still new to the site, then the welcome bonus is most likely to provide the best value. What if you’re a returning client? Then just check out the promotions page to look for the offer that best suits you.
- 2
Secondly, read the terms and conditions carefully to make sure they are fair, and you’ll be able to complete the requirements.
- 3
Thirdly, you’ll need to make at least the minimum qualifying deposit. If there’s a promo code, great! Enter it when prompted.
- 4
By now, you should already have the bonus sitting in your account and ready to use.
- 5
It’s important to remember that you can only bet on allowed markets and adhere to the minimum odds rule for free bets.
- 6
Once you have completed all the requirements, your bonus winnings will become withdrawable.
How We Rated the Betting Sites with Welcome Bonus?
The trusted betting sites that made our top list were not based on our opinions or bias, there were criteria that all sites needed to meet in order to be considered. They are:
License: The first thing we look for is a license. It’s essential. Now, whether it’s from a local governing body or a remote license, that’s okay, as long as the sportsbook has a license. This ensures that the site is safe and trustworthy.
Bonus & Terms: Having a generous welcome bonus is great but it’s important to check the terms and conditions. We look at everything, from a fair playthrough, expiry date, win camp and not forgetting a great bonus amount.
Payments: Now, this is extremely important. Nobody wants to wait overly long to receive their winnings, so we also look for sportsbooks that offer several convenient payment options that are trusted, making betting withdrawals as fast, easy and satisfying as they should be.
Odds & Markets: What’s also of utmost importance for players is an enjoyable betting experience. But that’s only possible when the bookie offers a wide selection of betting options to keep you entertained, along with enticing odds to make your winnings rewarding. The top-notch betting sites have an array of fun markets and competitive odds that even put some of the popular bookies to shame.
Customer Support: Vitally important to every bettor worldwide is good customer service. We look for sites/apps that have 24/7 chatbots to answer all your questions at any time of the day. After all, betting is at all times of the day.
What Is a Welcome Bonus?
Now, if you’re still new to the betting world and want to know what a Welcome Bonus is, it’s the first bonus you receive when you sign up to a site as a new customer. Some bookmakers refer to it as a sign-up bonus for this reason. They’re quite often the most generous offer on the site, but that doesn’t mean you have to accept it if you don’t want to.
What Is the Benefit of a Welcome Bonus?
Accepting a welcome bonus offers various benefits. Here are some of the most important ones below.
Boost Your Bankroll: A deposit match bonus can significantly increase your betting funds. Additionally, a free bet offer can add extra bet credits to your account.
Make Outside Bets: Utilizing a free bet or a second chance bet allows you to place wagers on longer odds without risking your own money. It can help you be more adventurous and aim to land a big win in a way you perhaps wouldn’t normally bet. And even if your bet loses, you haven’t lost any of your credit.
Try a New Site: The primary purpose of all types of welcome bonuses is to let you explore a new betting site with reduced financial risk.
Do I Need a Promo Code to Claim a Welcome Bonus?
Although many bonuses may need a promo code to activate, this is often not the case for the welcome bonus. Generally, claiming a welcome bonus is straightforward and doesn’t require a promo code, allowing new users to access it with ease.
Tip: If you’re using a platform that offers both casino games and sports betting, you might need to enter a code to select whether you want to claim the casino bonus or the sports betting bonus.
Sports-Specific Betting Promos
Choosing the best sportsbook bonuses can feel overwhelming with so many options available. To simplify your decision, it’s smart to focus on bonuses that align with the sports you love to bet on. Below, you’ll find a detailed guide to betting bonuses for some of the most popular sports, helping you discover promotions tailored to your favourite games.
Cricket Betting Promotions
Typically, you will find major bonuses for cricket betting during major tournaments. In most cases, these include the odds for the big games, or from time to time, most successful bettors are rewarded with leaderboard promotions.
Football Betting Promotions
Betting bonuses are not in short supply when betting on football as it is the most wagered sport around the world. There also exists a plethora of no-deposit bonuses that can be used, such as matched bonuses or even reload bonuses.
Darts Betting Promotions
Darts betting promotions get a lot easier to locate during major darts tournaments such as the World Championship or the Premier League Darts. Make sure you always look out for accumulator bonuses and boosted odds.
Snooker Betting Promotions
Although snooker betting is generally favoured in the UK, there are still bonuses you can claim all around the world. The best time for betting will be early during the finals of the major tournaments for future bets.
NFL Betting Promotions
As many of us are aware, betting on the NFL is quite popular in the US but it is finding its footing moving forward into the international spectrum as well. Be on the lookout for enticing odds and multipliers at the start of each season but the closer we get to the Super Bowl; a lot of promos will be available.
UFC Betting Promotions
It is also sometimes possible to get UFC betting specific bonuses around major fights. Sometimes a certain event featuring some of the biggest superstars like Jon Jones and Conor McGregor will receive an odds boost.
NBA Betting Promotions
NBA gambling almost always qualifies for other non-designated promos but has plenty of its own second chance bet and boosted odds promos as well.
ESports Betting
We're not really surprised to learn that bonuses related to esports betting are challenging to get. The explanation can be achieved by understanding the nature of free bonuses based on sports. The best place to seek them out is sites that focus on esports and allow betting on them during the entire year.
Types of Welcome Bonuses
There are all kinds of different Welcome Bonuses that you can get your hands on. Below is an explainer on each of the most common ones.
Free Bet
Nominations for the best betting bonuses should be done and, without any doubt, the free bet should take the first place. Those bonus offers are quite popular, and they enable you to place a sports wager without any risk to your finances as you get a free bet up to a specific amount.
For example: A 100% deposit match bonus up to $50, provides you with double your original investment amount where the overall value shall not surpass $50.
Second Chance Bet
A Second Chance Bet is an increasingly common welcome bonus. For this offer specifically, you will get your stake in the form of bet credits so long as your qualifying bet loses.
No Deposit Bonus
The availability of a free welcome bonus in the betting scene is an occasional event, but such free giveaways are infrequently offered. Such a promotion is called a no-deposit bonus as it does not require any funding into the account of a user.
Best Ongoing Betting Site Promos and Bonuses
This means that the only time someone can take advantage of the no-deposit bonus is at the time of the registration of the account. Something different applies to the rest of the bonuses. Ongoing bonuses are the ones you want to look for.
On occasion, you’ll find these attached to banners or within a site’s promotions/bonus page. Or you can get sportsbook promo codes sent via email or text message. These bonuses still come with terms but can add a boost to your bankroll just like a welcome bonus could.
Boosted Odds
Boosted odds are something that users can take advantage of concerning the sportsbook they are targeting. With the use of these promos, selected users would be able to enjoy higher payouts for lower chances of winning.
Reload Bonus
When adding funds to a gambling bankroll, it’s worth checking if a reload sports betting bonus is available. These bonuses often provide a percentage of the deposit back as bonus funds, adding extra value and boosting the overall betting experience.
Referral Bonus
If you have come across a betting site that you trust and enjoy, then the referral bonus is an ideal option for you to tell everyone and in return earn some money to place bets. You would be given a free bet or a deposit bonus when one of your friends registers with a referral link of yours. Sometimes, they give your friend a bonus as well, so it’s a win-win for everyone!
Bonus Terms and Conditions
Unfortunately, most of the bonuses have some terms and conditions attached. It is essential to go through these as they can really influence the worth of a bonus. So, make sure to read that section carefully so that you’re not stuck later on and have any regrets. The good and trusted bookmakers don’t try to trick you into anything but instead offer transparency in order to protect its players and themselves. The bonus terms and conditions just ensure fair play, avoids misunderstandings, complies with the gambling regulations and reveal the expiry date.
Wagering Requirement
The wagering requirement is usually the term that changes what a bonus is truly worth the most.
This is a factor that refers to the number of times that a client has to stake the bonus amount before he can cash out his winnings.
For instance: You decide to use the free bet of $20 with a wagering requirement of ten times ($20). To cash out the winnings, you will first have to sum up the mandatory wagering of the bonus of $20 a total of ten times, in this case, $200 in total.
Bonus Deposit
To be eligible for a bonus in most cases, you’ll have to put a minimum amount into your account, this is referred to as the qualifying deposit.
Minimum Odds
Many free bet promotions include specific minimum odds that must be met to qualify for the bonus. While these are common for initial qualifying bets, some offers also require minimum odds for wagering requirements, though this is less frequent.
Expiry Dates
Every bonus comes with a set expiry period. During this time, you’ll need to use the bonus and meet any wagering requirements. Failing to do so will result in the bonus expiring and the forfeiture of any associated funds.
Win Limits
Certain promotions may impose a cap on winnings, which limits the maximum payout you can receive from a bonus. Always check for these limits to avoid surprises.
Avoiding Common Mistakes with Bonuses
Claiming sportsbook bonuses can provide great value, but it’s important to sidestep common pitfalls that could cost you the benefits. Here are some frequent errors and how to avoid them:
Overlooking Wagering Requirements
Bonuses often require you to place bets equivalent to a specific multiple of the bonus amount before withdrawing any winnings. Make sure you understand and fulfil these conditions.
Ignoring Expiry Dates
Pay attention to the deadline for using your bonus and completing wagering requirements to avoid losing your funds.
Missing Minimum Odds Requirements
Many bonuses require you to place bets at certain minimum odds. Check these details to ensure your bets qualify.
Not Meeting the Deposit Threshold
Bonuses often have a minimum deposit requirement to activate them. Ensure your deposit meets the required amount.
Betting on Excluded Markets
Some bonuses restrict eligible betting markets. Always review the terms to ensure your wagers comply.
Promote Responsible Betting
When it comes to betting on sports events, it should always be fun and exciting. So, if you feel like you’re having a great betting experience anymore, or just struggling to bet with your means, here are some steps we suggest you consider.
Use Tools: Every licensed betting platform includes tools designed to promote responsible gambling. These may range from setting time alerts and imposing limits on deposits or losses to offering self-exclusion options for those who need a break.
Set Limits: Only place bets with money that you can afford to lose. Don’t take risks with cash needed for rent, groceries etc. If you struggle to stick to your limits, then we strongly suggest that you set a deposit limit in your account preferences. Your sportsbook should provide this option to support you.
Seek Help: If betting is beginning to affect your well-being, it’s important to seek support. Numerous organisations and charities specialise in helping individuals manage gambling-related challenges, offering guidance and resources to regain control.
FAQs
The duration of bonus bets varies depending on the sportsbook. Some platforms offer a limited window of just 24 hours, while others provide up to 30 days, giving you more time to make the most of your bonus.
Most sportsbook bonuses are one-time offers, especially welcome bonuses. However, certain recurring promotions, such as reload bonuses, cashback offers, or referral rewards, can often be claimed multiple times.
Promo codes may be required at different stages, depending on the type of offer. You might need to enter the code during registration, when making a deposit, or directly on the promotions page to unlock the bonus. Always check the terms for specific instructions.