New Welcome Sportsbook Bonuses
This goes by several other names, including “deposit bonus” or “sign-up bonus”. Regardless of the words used, the underlying principle remains the same behind all welcome bonuses. These are a way to encourage potential sports bettors to sign up for the sportsbook offering the bonus rather than the competition.
As the name suggests, you receive a bonus when you sign up for a sportsbook. How does it work, though? Well, the basic idea is that the sportsbook will match a certain fraction or percentage of your first deposit. For instance, if you add $100 to your sportsbook account, the platform may offer you a 25% welcome bonus and match $25 to your $100.
The common percentages available on most sports betting sites are around the 50%-100% mark. This is industry standard, but that doesn’t mean that there aren’t variations. Some sites offer a higher or lower welcome bonus as well.
The Welcome bonus is one of the most common sportsbook bonuses out there. A site offering less than the industry standard is not necessarily a bad thing, by the way. You need to review all the sportsbook bonuses and betting promotions it offers to have a more holistic view of the situation.
It is also important to note that there are limits to the welcome bonus as well. No sportsbook will match your deposit amount up to infinity. There will always be some kind of limit established by the sportsbook beforehand.
For example, a sportsbook will never simply say that the welcome bonus matches your initial deposit up to 50% of the amount. It will normally say that the welcome bonus will match your first deposit up to 50% of your amount and will go as far as $1000. This means that if you deposit $2000, you will receive a $1000 bonus. However, if you deposit $5000, you will not be making $2500 in bonuses.
You will only get a $1000 bonus in this situation as well. This is an important thing to consider when making your initial deposit.