Sportsbook Bonuses and Promotions


Arbitrage is a risk-free way to guarantee a profit – Arbitrage is a betting strategy that reduces your risk by betting on games with opposing money lines. To make this strategy work, you need to find a game with a positive (+) money line and one with a negative (-) money line. Then, you’ll place both bets at the same time, before the odds change.

Sign-up bonuses

Sportsbook sign-up bonuses vary in amount and terms. Some are free bets, while others require a qualifying deposit. Deposit match bonuses can range from 50% to 150% of the initial deposit. The most common welcome bonus is a 50 percent match on the first deposit. This bonus equates to an additional $50 in bonus money for the first deposit.

Reload bonuses

Reload bonuses are a great way to boost your initial deposits. They usually don’t have high rollover requirements, and you can use them on any number of bets. While reload bonuses aren’t as common as sign-up bonuses, they can be valuable for players who make regular deposits. Reload bonuses can range from $10 to 100%. You should read the terms and conditions before taking advantage of any bonus offers

Proposition bets

Prop bets are bets that are placed on certain occurrences in a game. They can range from a team covering the point spread to Over/Under betting. They can also include wagers on pregame events like the performance of players.

Odds boosts

Many sportsbooks offer a variety of promotional offers to attract new customers. These can include free bets, deposit match bonuses, and huge odds boosts. Leading sportsbooks are becoming more creative with their promotions. For example, DraftKings and FanDuel recently launched a “Bet $5, win $280” promotion. These promotions are great for sports fans who are new to betting and sharp bettors who want to increase their winning potential.

Legalization of sports betting

Legalization of sports betting was first considered in 1992, but was blocked by the Professional and Amateur Sports Protection Act (PASPA). This act made sports betting illegal in most states, except Nevada, and the National Collegiate Athletic Association (NCAA). However, a ruling by the United States Supreme Court in Murphy v. National Collegiate Athletic Association overturned PASPA in 2018. As of early 2019, more than 17 states have legalized sports betting, and many more are considering the option.