Online Betting / Deposit Match Bonuses

Explore The Best Deposit Match Bonuses for 2024

James Leeland
Editor
Fact checked by: Jim Knight
Last Updated on 17.05.2024

In the world of online sports betting, finding a robust deposit match bonus can improve your experience significantly and enhance your betting strategy. These promotions double or even triple your deposit, giving you more playtime and more opportunities to explore.

To make the most of these offers, it’s crucial to understand their mechanics and fine print. Deposit match bonuses essentially boost your bankroll, allowing extended gameplay or higher stakes. This guide will delve into the finer details, revealing how to identify potential match bonuses, covering some common pitfalls, and offering strategic tips to improve your betting experience. Read on!

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Claim the best deposit match bonuses for 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 is a Matched Deposit Bonus?

You may be wondering, what is a deposit match bonus? Well, a matched deposit bonus is one of many betting bonuses offered by betting platforms where they match a percentage of your deposit with bonus funds, subject to certain terms and conditions. Usually, these bonuses are expressed in percentages, such as 50%, 100%, or even 200%.

For instance, if you come across a 100% matched bonus and deposit $100, the betting site will add another $100 bonus fund to your account. This effectively doubles the amount of money at your disposal for placing bets, although this extra amount generally can’t be withdrawn until you meet the required wagering requirements.

Different Kinds of Sportsbook Deposit Match Offers

Here, we look at the different types of sportsbook deposit match offers, so you can choose the one that best suits your needs. Each one will appeal to a different betting strategy so consider a bonus you find carefully before jumping in just because it is a match offer.

Deposit Match TypeDescription
First Deposit MatchApplies to your first deposit only. The sportsbook will match a percentage of your initial deposit up to a certain amount.
Reload Deposit MatchSome sportsbooks also offer deposit match bonuses on subsequent deposits.
Free Play Deposit MatchInstead of receiving the matched funds as cash, some sportsbooks may offer a free play bonus for use on certain bets or sports. This is a type of bonus bet that allows you to place a bet without any risk as you are not wagering with real money.
Free Bet Deposit MatchWhen you make a deposit, the sportsbook provides a bonus as a free bet token, which often matches the value of your deposit, if not more. This token can be used to place a bet on specific events or bet types.

Our Top 3 Choices for the Best Matched Deposit Bonus

Now you have a clear sense of what these bonuses offer and how they work, let’s have a look at three of the leading matched deposit bonuses. We’ve researched these options to find you the best value on the market.

Bet MGM – Bet £10 and Get £40 in Free Bets

Bet from your mobile device with BetMGM
BetMGM sportsbook
BetMGM mobile sports betting
Place your bets via mobile
  • Free Bets Designed to Explore Markets
  • Competitive Odds for Initial Deposit
  • Easy to Claim Bonus
  • Bet Builders Included for Initial Wager
  • Stake Not Returned
  • Free Bets or Profit Boosts Don’t Qualify

Bet MGM has an interesting bonus offer that matches your initial deposit in the form of free bet offers. The initial deposit required is £10. After that, you’ll receive four £10 free bets, which is essentially a 4x bonus match. These are broken down into four different categories. Namely, 1 x £10 Free Bet Builder, 1 x £10 Football Free Bet, 1 x £10 Horse Racing Free Bet, and 1 x Free £10 Acca so it encourages you to try new markets. The offer expires after 7 days if you don’t use it.

To qualify for a deposit match bonus, your first bet must be at odds of 2.0 or greater. This is competitive and matches the initial deposit odds for similar bonuses from rivals like Unibet. Additionally, bet builders are included within the initial bet, which is good if you want to explore different betting markets. It’s also quite straightforward to claim. You simply open an account with Bet MGM. Then, select the sportsbook welcome offer from the pop-up menu and place your qualifying wager.

The only downside is that your stake is not returned with the free bets (normal), and free bets or profit boosts do not qualify for claiming the offer. However, this is still one of the more interesting matched deposit bonuses because of the diverse betting options. Now let’s look at another industry leader – Betway – and see how they stack up.

BetMGM
Sports Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply, 21+
Play Now
PayNearMe
Skrill
PayPal
Bank Transfer
+9

Betway – £30 Matched Free Bet if Your First Acca Loses

betway main
Betway sportsbook
betway sports main
Betway mobile
  • Comprehensive Match on First Bet
  • Free Bet Credited Within an Hour
  • Pre-match and In-Play Bets Included
  • Clear Instructions for Claiming
  • Can only deposit with a debit card
  • Only Applicable to Football and Horse Racing Markets

Betway already has a good reputation as one of the best online betting sites due to its range of promotions, and it has an interesting matched deposit bonus, too. If your first accumulator bet loses, you’ll get up to £30 matched as a free bet. This is credited within the hour of your initial bet settling, which is great for those eager to bet actively. Plus, pre-match and in-play bets are included in this offer so you have a lot of choice. What’s more, the site offers some clear instructions for claiming. You just select the promotion in the promotions tab and create an account. After that, you select your accumulator, and the matched free bet is automatically credited if it loses. It’s a great bonus for beginner bettors testing out the markets.

Of course, there are terms and conditions to consider here, too. You can only deposit using a debit card and the minimum stake is £5. Unlike Bet MGM, bet builders are not included in this offer, and your initial bet must be an accumulator with overall odds of 3.00 or greater. Your acca must include 3+ legs, but you will still get the matched free bet if there is at least one losing leg.

However, your qualifying bet is limited to football and horse racing markets, which is a shame, as it limits your options. If you want more variety, however, look to Unibet.

Unibet – Money Back as a Bonus of up to £40 if Your First Bet Loses

Unibet main
Unibet sportsbook
Unibet Live Sports
Live betting and streaming available
  • Lots Of Market Variety For Initial Wager
  • Competitive Match on Initial Deposit
  • Minimum Stake is Low
  • Initial Odds in Line with Competitors
  • Slow to Receive Bonus
  • Strict Wagering Requirements

At Unibet, you can get your money back in the form of a bonus of up to £40 if your first bet loses, similar to that of Betway. This is one of the best match deposit bonus options available. Effectively, this means they will match your initial deposit up to £40 if your first bet does not pan out. This is great for those new to betting and may need an extra cushion when placing their first wager.

What’s more, there’s loads of variety in terms of markets compared to rivals like Betway. In fact, the only markets not included are racing, greyhound racing, trotting, and virtual sports. This makes it one of the better sign up bonuses from online betting sites for those looking to have a greater flexibility with their bets.

The minimum deposit is £10. However, after that, your minimum stake for the qualifying bet is low compared to similar offers from brands like Bet365, standing at £1. The initial odds are also in line with competitors like Bet365, set at 1.4. The only issue is that, relative to others like Betway, there’s a bit of a wait for the bonus funds to be added to your account. This is about 24 hours. There are also some strict wagering requirements. In particular, you need to bet your bonus 3x. So, if you received the full £40 bonus money, you will have to bet £120 to fulfil the conditions.

Unibet
Sports Bonus
$100 Second Chance Bet
E-Check
Prepaid Card
PayNearMe
Skrill
+31
21+ and physically present in VA only. Terms & Conditions apply. If you or someone you know has a gambling problem, please call, text or chat, VA Council on Problem Gambling on their confidential and toll free helpline at: 1-888-532-3500.

How to Use a Deposit Match Bonus Effectively

When selecting a matched deposit bonus, assessing the wagering requirements alongside the maximum bonus amount is vital. Wagering requirements are conditions that must be met before your bonus, and any associated winnings can be cashed out; they stipulate a certain amount of money that must be wagered, often a multiple of the bonus amount, deposit, or both. For example, a 4x wagering requirement on a $100 bonus would necessitate placing a total of $400 in bets before withdrawal of your winnings is permitted.

Additionally, matched deposit offers might also have restrictions on the types of bets that contribute towards these requirements, expiration dates of the bonus, and even specific betting odds. Fully understanding these parameters is key to optimising the use of your bonus funds.

How We Chose Our Top Three Matched Deposit Bookies

Now that you know what’s on the market when looking for a match deposit bonus, let’s have a look at the key factors we used to find our top three.

  • Low Minimum Deposit: We wanted to make sure our top three picks were accessible to everyone, regardless of budget. So, we selected offers with low minimum deposits, this means that you don’t need to lay out a large amount on a site you’ve not tried before. Instead you can stick to your budget management plan and still gain the bonus advantage.
  • Bonus Deadlines: The last thing you want when claiming a bonus is to have to use it almost straight away. This is why we made sure to select offers with the most reasonable deadlines. Doing this means you should be able to plan your bets and betting strategy in a way that works for you. It also means that you don’t miss out on using your bonus before it expires if the deadline is short.
  • Highest Matches: We also looked at the percentage match for each deposit match bonus. The higher the match, the more bonus money you’ll receive on your initial deposit. We selected offers with the highest matches to give you the most bang for your buck. These are ones which will provide the most value to you and your betting strategy.
  • Lowest Rollovers: Rollovers can be a major hurdle when trying to claim your bonus funds. The amount you need to bet to actually turn over the bonus can be high enough that you never achieve it. We made sure to choose offers with the lowest rollover amounts, making it easier for you to receive and use your bonus money with your best bets.When looking for your own, be careful to match this up with high value as quite often this value is balanced out by high rollover requirements by the bookie.

Why Match Deposit Bonuses are Worth It

Often, a matched deposit bonus comes with its own set of advantages and drawbacks that bettors should consider before opting in.

  • Added value to bankroll
  • Chance to test out betting strategies
  • Promotional variety
  • Opportunities to wager on outside bets
  • Often minimal deposit methods

When it comes to the pros of match deposit bonuses, the obvious one is the added value that they bring to your betting experience without you relying solely on your personal funds. That’s a great way for players to test out new strategies in a safer way, and even try out areas of betting you normally wouldn’t. The range of offers available keep your options open so that you don’t have to settle on a bonus that isn’t quite right for you.

Of course, the main drawback of match deposit bonuses, however, is that making a deposit is vital to activating the offer.

Final Thoughts on Match Deposit Bonuses

A matched deposit bonus is an interesting option for bettors looking to maximise their betting experience, and can come in many forms. When leveraged wisely, these betting incentives can be a game-changer, especially for those new to sports betting who are looking to build their confidence and familiarity with various betting markets and upcoming events. Our top choices – Bet MGM, Betway, and Unibet – offer different match deposit bonuses worth considering when choosing your next online sportsbook.

If you’re ready to take advantage of these offers and step up your betting game, be sure to explore the match deposit bonuses recommended on our site.

Our favorite bookmaker bonuses

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

Deposit Match Bonus FAQ

🤔What are deposit matched bonuses?

Deposit matched bonuses are promotions offered by online sportsbooks that match a certain percentage of your initial deposit with additional funds for betting. For example, if a sportsbook offers a 100% match and you deposit £50, you’ll receive an additional £50 in bonus funds.

🖥️Which sites offer the best deposit matched bonuses?

On this front, sites such as Bet MGM, Betway, and Unibet have been highly rated for their competitive match deposit bonuses. Each offers unique promotions and varying bonus amounts, so be sure to compare and choose the one that best fits your betting style and preferences.

👍What are the key benefits of using deposit matched bonuses?

Deposit matched bonuses provide several key benefits for bettors. They extend your bankroll. These bonuses also allow you to explore a sportsbook’s offerings without putting all your own funds at risk. Furthermore, they can incentivise you to try new betting markets or strategies that you might not risk with your own money.

🎾What sports are best for using deposit matched bonuses?

Deposit matched bonuses can be advantageous across a variety of sports, but they are particularly beneficial in sports with a wide range of betting options and frequent events, such as football, basketball, and tennis. These sports offer numerous opportunities to wager, be it in-play betting or future markets, thereby giving bettors more chances to utilise their bonus effectively.

🤷‍What factors should you consider when looking for a deposit match bonus?

When hunting for the best deposit matched bonuses, it’s vital to consider several factors to maximise the benefit. You should carefully read the terms and conditions associated with the bonus such as the wagering requirements, deadline to use the bonus and seek out those with the highest matches offered and lowest rollovers as you’ll find the best value there.

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

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