Let’s say you get a $200 bonus bet for losing your first qualified wager. The biggest drawback with bonus bets is not keeping the stake if it wins, only the winnings. Another sportsbook might choose to distribute five separate $40 bonus bets instead. For example, one sportsbook may reimburse your $200 stake with one big $200 bonus bet. However, it needs to be used in one shot unless smaller increment bonus bets are provided. The $200 bonus bet can be used on any sporting event or market. Receive your stake back plus the winnings in cash and feel free to do with them as you please.) (If you won on Los Angeles, congratulations, that’s the end of it. If you wagered $200 on the Dodgers to beat the Diamondbacks and they lost, your account would be credited with a $200 bonus bet. The promotion promises a single bonus bet if the player’s first wager were to lose. This example will highlight what would happen if a player opted into a “No Sweat” first bet offer promotion. They are not cash and have their own terms and conditions for use. The most common forms of reimbursement are Site Credit or Bonus Bets. If the bet loses, the player receives their initial stake back as a “no sweat” bet credit. It typically involves a new registrant making their first bet with the sportsbook. The “No Sweat Bet” is a promotion style with various names. Now let’s review the most common terms and phrases you’ll see and break them down:

This would mean that you can’t take a prohibitive favorite (-400, for example) for your promotional bet.

They might not allow wagers on markets priced greater than -200. Some sportsbooks may limit your wager options with promotional bets. Some terms and conditions can be very confusing, making it easy to follow. We also give you a full breakdown on every bonus for every site.

Many of which are advertised in parts of this website, as a starting point. Sportsbook bonus terminologyĪlways, always read the terms and conditions when you see advertisements for promotional bonuses. Whether you’re betting with FanDuel, BetMGM, or a newer site like PointsBet – you always want to understand your bonus. Some offers are less attractive or possibly more attractive than they may appear. The numbers are not always what they seem. It’s important to understand what you’re getting, how, and when you’ll get it.

In this post, we will explain popular bonus terminology, terms and conditions, and more.

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