Online Betting / Betting Site Bonuses & Offers

Explore a Wide Range of Betting Site Bonuses & Offers

Jim Knight
Senior Editor
Fact checked by: James Leeland
Last Updated on 08.05.2024

The best betting bonuses are the ones you can claim, use, and clear easily without changing the way you normally place your wagers. The good news is that there are many different kinds of bonuses to suit most bet styles.

Before you just accept any old bonus, it’s important to know what they offer, their terms and conditions, and what you need to do to clear them. Use this expert guide to learn everything you need to know about bonuses, and which sites are currently offering some of the best sports betting promotions out there for new and existing players.

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Compare the Best Betting Bonuses for May 2024

1.
4.5/5
Bet365 Review by Jim Knight
Bet365
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
Bonus Type
Free Bet
Wager
1x Bonus
Min. Deposit
$10
Cashable
No
Visit Site
Show Less
2.
3.8/5
BetMGM Review by James Leeland
BetMGM
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply, 21+
Bonus Type
Free Bet
Wager
Min. Deposit
$10
Cashable
No
PayNearMe
Skrill
PayPal
Bank Transfer
+9
Get Bonus
Show Less
3.
3.8/5
DraftKings Review by James Leeland
DraftKings
20% up to $1000
T&Cs apply, 21+
Bonus Type
Deposit Bonus
Wager
1x Bonus
Min. Deposit
$5
Cashable
Yes
PayPal
VIP Preferred
Play+
Discover
+6
Get Bonus
Show Less
4.
3.8/5
BetRivers.com Review by James Leeland
BetRivers.com
Second chance bet: Get up to $500 in Bonus Bets
Bonus Code
Copy
T&Cs apply, 21+
Bonus Type
Risk-Free Bet
Wager
1x Bonus
Min. Deposit
$10
Cashable
No
PayNearMe
Bank Transfer
VIP Preferred
PayPal
+7
Get Bonus
Show More
5.
3.8/5
FanDuel Review by James Leeland
FanDuel
Bet $5 Get $150 in Bonus Bets if your bet wins
T&Cs apply, 21+
Bonus Type
Welcome Bonus
Wager
1x Deposit
Min. Deposit
$10
Cashable
No
Prepaid Card
PayNearMe
PayPal
Bank Transfer
+8
Get Bonus
Show More
6.
Caesars Review by James Leeland
Caesars
100% up to $1000
T&Cs apply, 21+
Bonus Type
Risk-Free Bet
Wager
1x Deposit
Min. Deposit
Cashable
No
E-Check
PayNearMe
PayPal
Bank Transfer
+10
Show More

What Operators Are Offering the Best Betting Bonuses?

One of the reasons why bettors prefer betting on sports online in comparison to betting in casinos or physical bookies is because they can add bonuses to their strategy. The best betting bonuses for you will depend on your bet style and budget. Just because you have a small or modest bet budget doesn’t mean that you can’t accept bonuses, it just means that the sites you use might differ from those used by high rollers.

Have a look at our roundup of the sites that offer the best sports betting offers and see how each one caters to different bet strategies and budgets.

Bet365 – Small Bonuses to Suit Casual Bettors

Bet365 live betting
Bet365 live betting on mobile
Bet365 golf
Bet365 Golf betting and more
  • Free Bet Bonuses
  • Uncomplicated Bonus Conditions
  • Huge £2 Million Pay-Out Maximum
  • Bet Bonus is Small Compared to Competitors

Bet365 doesn’t have big bet bonuses, but it does focus more on free bets over matched deposit offers, which makes it a better fit for casual bettors than some of the bigger bonuses you’ll see with the newer brands. On Bet365, the big offer at the moment is the ability to claim £30 in free bets when you deposit and make a £10 bet. Since these are free bet credits, they come with minimal wagering requirements, and if you lose bets made with those bet credits, you don’t owe anything. If you win, you keep the winnings and the house keeps its original stake. That’s a great offer considering you are getting 3x the value of your qualifying bet in free stake money.

Another plus for Bet365 is that it has very high maximum payouts up to £2 million, which means that if you place a very successful accumulator bet with your first deposit and bonus, your wins won’t be throttled by the cap. You likely won’t reach that limit with £30, of course, but it’s a good thing to know when you’re betting online, especially if you’re a high roller. Of course, the small bet bonuses won’t be enough if you want to bet big. In that case, you’ll want to head over to a site like BC.Game instead.

Bet365
Sports Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Play Now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+

BC.Game – A Massive Sportsbook with Big Matched Deposit Offers

BC.Game Sport Mobile
BC.Game sports mobile
BC.Game sports sponsoring
BC.Game football betting and more
  • Huge Welcome Bonus
  • Many Markets to Use Bonus On
  • Accepts Cryptocurrencies
  • Need to Move Quickly to Get the Best Bonus
  • High Requirement to Claim Winnings

For sports betting offers at BC.Game, they’re as big as they get. BC.Game offers 120% matched deposit sports betting bonus up to $20,000 or equivalent. However, this bonus is available primarily for modern cryptocurrency bettors. BC.Game combines the benefits of being a new crypto sportsbook with a huge sportsbook coverage of over 45 different sports and more than 8,000 live events every year – that means there’s a lot of choice to wager your bonus offer on!

To get this bonus, however, you’ll need to claim the bonus (no code required) and then make the deposit within the first 7 minutes after you register. If you wait longer, it’s a 100% matched deposit bonus instead. To claim the winnings from this bonus, you’ll need to wager 40x the matched deposit (your deposit plus what the house gives you).

If you want more options than just a matched deposit bonus, however, and you like regular bonuses for existing players, then Stake.com is the operator for you.

Stake.com – A Huge Crypto Sportsbook With A Huge List of Offers

Stake mobile
Stake.com mobile sports
Stake play smerter
Stake.com sports betting
  • Huge Selection of Bonuses for Existing Players
  • Instant Withdrawals
  • Raffle Wins
  • Rewards Program for More Access to Bonuses
  • No Welcome Bonus

When it comes to huge matched deposit betting site offers and variety, Stake.com has your back. There are several betting site bonuses available, including:

  • Stake’s Daily Races – Win up to $100,000 if you reach the top of the Leaderboard.
  • Stake’s Weekly Raffle – Enter a weekly raffle for the chance to win $75,000.
  • NBA/NFL/AFCON Soccer Double Winnings – Earn double winnings up to $100 if your selection wins.
  • NBA/NFL – Lead by 9+/7+ After 3Q, You Win!  – Get paid $100 early cash out if your bet is leading by 9+ for NBA or 7+ for NFL points after the 3rd quarter.
  • Bet Against Brady – Win a share of Brady’s bankroll if you bet against him and win.

The volume of betting bonus types at Stake.com give bettors more options, and with the Stake.com rewards program, the bonuses keep on coming the more you bet, from rakebacks and reloads to monthly and weekly bonuses. Plus withdrawals are instant across a large range of payment options – meaning you can get your funds quickly, should you successfully win from any of their bonuses.

As a downside, Stake.com doesn’t offer a welcome bonus. With so many regular promotions, however, you’ll easily be able to adapt your betting strategy based on the sports you watch and how you bet.

Types of Bonuses You’ll See, And What they Mean

Betting site offers are a dime a dozen. They exist on almost all betting brands in one form or another, but not every sports betting bonus is going to be right for you and your bet strategy. If you’re a small bettor, and enjoy making a few bets here and there, then claiming welcome or matched deposit bonuses won’t be a good fit for your bet style. Cashback and free bets will be more your speed.

Use the table below to help you understand some of the most common different types of bonuses that are out there, what they mean, and what you’ll need to do to clear the wagering requirement:

Bonus TypeDefinitionExampleWager Requirement
Welcome BonusA bonus offered to new customers who register for an account.Usually deposit bonuses or free bets.Generally 30–50x the bonus amount before you can withdraw your winnings.
Deposit BonusA bonus offered to existing customers who make a deposit, usually in the form of a match.A deposit bonus of 100% up to $500 on your next deposit.Generally 30–50x the bonus amount before you can withdraw your winnings.
Free BetA bonus that allows you to place a bet without risking your own money.A risk-free bet of up to $50 on your first bet.Usually smaller requirements, or none. If your bet wins, you keep the winnings. If your bet loses, the bookmaker will refund your stake.
Reload BonusA bonus offered to existing customers who make a deposit after their initial deposit.A reload bonus of 50% up to $250 on your second deposit.Generally 30–50x the bonus amount before you can withdraw your winnings.
Cashback BonusA bonus that allows you to get a percentage of your losses back.A cashback bonus of 10% on your losses up to $100 per week.Generally no wagering requirement for this type of bonus.
VIP ProgrammesRegular deposits and bets increase your standing in the VIP ProgrammeBronze, Silver, Gold. Increasing tiers give you access to special bonuses, cashback offers, and more.Varies from programme to programme.

Delving Deeper Into The Sportsbook VIP Programmes

Some of the best betting bonuses are going to be locked behind a VIP programme. These programmes vary in terms of how you get accepted. In general, you’ll be considered for a VIP programme based on one or two of these factors:

  1. How much you deposit
  2. How often you deposit
  3. How much you wager
  4. How often you wager

What you’ll find is that VIP programmes are usually found on new betting sites, rather than the old guard. This means that crypto sportsbooks and other new brands offer VIP programmes as an additional incentive to poach bettors from their competitors.

Each site will also have its own programme, which are usually tier or point-based. The bonuses and features that get unlocked will differ from brand to brand, but are often a mix of the types of bonuses mentioned previously. On Stake.com, for example, you’ll get:

  • Rakeback Bonuses: A percentage of each bet you make is returned to you as a cashback, regardless of whether you win or lose. The percentage is based on the house edge.
  • Weekly Bonuses: Boosted odds that are based on the wagers you placed in the last 7 days.
  • Monthly Bonuses: A special bonus calculated based on how much you’ve wagered since the previous monthly bonus, released randomly once a month.
  • Reload Bonuses: Reload bonus per day based on what you’ve wagered in the past 7, 14, 28, and 42 days.
  • Custom Bonuses: High-rollers can request unique personalised bonuses from their VIP host.

VIP and Loyalty Programs Aside – Other Betting Bonuses

While sports betting rewards programs could lead to great bonus opportunities for regular bettors, it’s true that they are not ideal for every bettor. Fortunately, there are sports betting promotions for casual players as well, like free bets or a weekly cashback on losses, so you can gain access to a few perks and boosts that let you diversify your bets without exceeding your personal wager limit or having to stay constantly active on your betting account.

The best betting bonuses of 2024

1.
Bet365
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Play Now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
2.
BetMGM
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Play Now
T&Cs apply, 21+
PayNearMe
Skrill
PayPal
Bank Transfer
+9
3.
DraftKings
20% up to $1000
Play Now
T&Cs apply, 21+
PayPal
VIP Preferred
Play+
Discover
+6
4.
BetRivers.com
Second chance bet: Get up to $500 in Bonus Bets
Play Now
T&Cs apply, 21+
PayNearMe
Bank Transfer
VIP Preferred
PayPal
+7
5.
FanDuel
Bet $5 Get $150 in Bonus Bets if your bet wins
Play Now
T&Cs apply, 21+
Prepaid Card
PayNearMe
PayPal
Bank Transfer
+8

Matching Bonuses to Your Bet Style

Almost every online betting site today offers bonuses in some form. The bigger sites, like Bet365, have very modest betting site promotions, especially when you compare their small free bet or matched deposit offers to their newer competitors.

Unless you’re a high roller, those smaller bonuses aren’t a problem. In fact, they may even be the only type of sports betting bonus you want to go for. This is because every bonus and promotion come with strings, which we’ll get into later. It’s important to know how to use each bonus based on your betting budget.

How to Use Free Bet Bonuses

Free bet bonuses are fairly simple and straightforward, making them a favourite among bettors. You may be able to claim a free bet bonus immediately, or you may need to deposit a certain amount to claim the free bet bonus.

Either way, once you have the free bet bonus, you’re free to bet when and where you want (unless it’s a promotion tied to a specific tournament or sport). Thankfully, free bets usually don’t have wagering requirements, you just need to place them on a qualifying bet:

  • Must be on a certain sport or game.
  • Must be on qualifying odds.

As a general rule, you’ll find that you can’t cash out early on free bets. Instead, you need to let them play out until the game’s end. If you win, the house takes back its original bet and you keep what’s left of the winnings. If you lose, that’s it, you don’t owe the house.

Free bets are a great pick for casual bettors, since it lets you add bets without a real money stake, especially are on value bets. These bets are usually small, and sometimes they can also be split up, meaning that you can expand your betting strategy with less risk.

How to Use Betting Sign Up Offers: Matched Deposit Bonuses

The other big bonus type you’ll see is the welcome bonus. Almost every brand you’ll come across offers betting sign up offers, and most will have a matched deposit offer. This isn’t a hard or fast rule, of course; sometimes you’ll get a free bet welcome bonus. In most cases, however, the welcome bonus will be a matched deposit bonus.

These bonuses are usually much bigger than the everyday promotions you’ll see on the site, but before you accept any of them, have a look at our in-depth reviews on the top sign up offers from betting sites, so you know how they stack up against each other.

These betting site promotions will crop up from time to time and can be a great way to expand your betting strategy – but only if you fully understand how to clear their requirements in time. You have a specific time period (sometimes a week, sometimes a month) to clear the wagering requirement on this type of sports betting bonus.

To clear them, you need to wager more than you got in ‘free’ money, for example:
  • You deposit $10.
  • The house gives you an additional $10 as part of its 100% matched deposit bonus promotion.
  • You now have $20.
  • You need to wager 25x your matched deposit.
  • This means that you need to wager $500 before you can clear the requirement and withdraw your winnings.

To make sure you can clear those wagering requirements, follow these tips:
  • Be Fully Aware of the Time Limit: Check to see what games are on, and how many events you’ll naturally want to bet on during that period to see if you’ll bet enough in the time period.
  • Work Backwards: Decide what your bet deposit limit is for the time period, and then divide that amount by the wagering requirement to get the maximum you can deposit with that bonus.

Steps to Accept Betting Bonuses

Accepting a sports betting bonus is straightforward. For the welcome bonus, for example, you can accept it during the onboarding process and activate it from the moment you make your first deposit. You don’t, however, have to accept it right away. If you wait, you can accept that welcome bonus later on (as well as all other betting site bonuses) by following these steps:

  1. Go to the Bonuses Page: You’ll find this page by clicking on the offers page on the home page, or by going into your account and selecting the My Bonuses menu.
  2. Read through the Terms and Conditions of Each Bonus: Read through the requirements of even the best betting bonuses, so you know the time limit, the wagering requirements, and any exclusions that apply.
  3. Accept the Bonus: Press Accept or Claim. You’ll usually need to make a qualifying deposit during this step.
  4. Start Clearing the Wagering Requirements: Place a qualifying bet or bets and start clearing the wagering requirement.
  5. Withdraw any Winnings: Once you’ve cleared the wagering requirements, you can then finally withdraw your winnings (if you have any).

These are the general steps for most bonuses, however, it is worth noting that welcome bonuses themselves involve the initial step of creating a new account, and possibly utilising relevant bonus codes, if required. If your bonus does require a code, it should be listed directly in the Terms and Conditions section of your offer.

Get the Most Out of Sports Betting Offers

Now that you know all there is to know about betting site offers, clearing the requirements, and what type of bonuses are out there, all that’s left is to try them out for yourself. Just remember to keep your limits in mind from the get-go. This way, you can clear the wagering requirements more easily, securing any winnings you may have at that point in time. The good news is that the best betting sites out there offer a wide variety of bonuses to suit many different bet styles. This way, you can bet the way that you want to, within your limits.

Discover our must-see bookmakers

1.
Bet365
  • Bonus: First Bet Safety Net up to $1000 OR Bet $5 and Get $150
  • VIP Club, Loyalty Program
  • Cash Out, Partial Cash Out
Play Now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
2.
BetMGM
  • Bonus: Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
  • VIP Club, Loyalty Program
  • Cash Out, Live Streams
Play Now
T&Cs apply, 21+
PayNearMe
Skrill
PayPal
Bank Transfer
+9
3.
DraftKings
  • Bonus: 20% up to $1000
  • VIP Club
  • Cash Out
Play Now
T&Cs apply, 21+
PayPal
VIP Preferred
Play+
Discover
+6
4.
BetRivers.com
  • Bonus: Second chance bet: Get up to $500 in Bonus Bets
  • VIP Club
  • Cash Out, Live Streams
Play Now
T&Cs apply, 21+
PayNearMe
Bank Transfer
VIP Preferred
PayPal
+7
5.
FanDuel
  • Bonus: Bet $5 Get $150 in Bonus Bets if your bet wins
  • VIP Club
  • Cash Out, Live Streams
Play Now
T&Cs apply, 21+
Prepaid Card
PayNearMe
PayPal
Bank Transfer
+8

Betting Site Offers FAQ

🤑Can I withdraw a bonus right away?

No, you must always use the bonus before you can withdraw any winnings. For matched deposit bonuses, you need to clear the wagering requirement.

🤔Why have the betting bonuses changed?

Betting bonuses change regularly, so it’s not unusual for this to happen. This includes all types of bonuses, including welcome bonuses. To see when the bonus ends, check its terms and conditions. Most bonuses run for a day, week, or month.

😥 Why didn’t the bet I placed count towards the wagering requirement?

Wagering requirements are complex. You can’t just wager any sort of bet, it needs to be a bet that meets certain conditions. For example, you may need to create an accumulator bet with certain odds in order to work towards clearing the wagering requirement.

🤓Can I stack bonuses?

No, you can’t stack bonuses. For example, if you have a free bet, wagering that free bet won’t count towards clearing your matched deposit wagering requirement.

❌Why have my matched deposit bonus and winnings disappeared?

You only have a certain period of time to clear the matched deposit bonus wagering requirements. If that time period passes, you forfeit both the matched deposit amount and any winnings that you may have won with that matched deposit bonus. This is why it’s so important to be fully aware of the terms and conditions in advance, and only bet what you can confidently clear.

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