Betting Apps That Give You Bonus Money

How to Get Bonus Money Offers on Betting Apps

The way to get every promotional offer an online sportsbook has to offer is by signing up for an account on their sports betting platform because by doing so, you receive both their welcome bonuses and their promotions for existing users. There’s also no limit to how many sports betting sites a user can sign up for, meaning you can receive the welcome offer from every online sportsbook in your state as well as use all of the different ongoing promotions for existing users!

To sign up for a sportsbook account, you will need to be in a legal betting state where the service operates and verify your identity and age (minimum age of 21 years required). To verify your identity, you will be required to enter some of your personal information during the registration process to identify who you are, including the information listed below:

• Full Name
• Phone Number
• Email Address
• Date of Birth
• Home Address
• Last Four Digits of Your Social Security Number

Welcome bonuses will also require a deposit or initial bet to earn them, meaning you will need to put some money in your account to earn the new player promotions. While deposit methods will vary based on the sportsbook you’re using, most of the list above accepts some (if not all) of the following payment methods:

• Debit Card or Credit Card
• ACH E-check
• Online Bank Transfer
• Play+ Prepaid Cards
• PayPal
• Skrill
• PayNearMe Locations

Betting App Money Bonuses for New Players

As briefly mentioned above, all betting sites have a new player bonus that can be obtained by signing up for an account and making a deposit or a wager. Not all welcome bonuses are the same, so let me tell you about the three most common that online sportsbooks will offer.

The first welcome bonus type is a bet on the house, sometimes known as a no-sweat first bet, which is very simple; if your first bet loses, you will receive site credit for your stake. Sportsbooks have now stopped using this term and the offers are now labeled up as bonus bets or second-chance bets.

Another bonus type for new users is a deposit bonus, also known as a deposit match bonus, which provides them with bonus cash based on a percentage of their initial deposit after completing a basic playthrough requirement. An example would be from DraftKings, where new users receive 20% of their initial deposit in bonus bets after they’ve played through five times worth their initial deposit.

The last type of welcome bonus is betting credits for bonus bets, which can be given or earned based on whether or not it’s the primary welcome bonus for the online sportsbook. For example, the Borgata Sportsbook features $100 in betting credits for new users who place a $20 bet, while the Barstool Sportsbook features a $10 betting credit as a little bonus accompanied by its bonus bet worth up to $1,000.

Betting Apps with Bonus Money for Existing Users

Most online sports betting apps feature ongoing promotions for existing users as a way to retain their customers because of the over-saturation of the market. Ongoing promotions are generally pretty similar to the welcome bonuses, just worth substantially less because they frequently occur.

Betting credits and bonus bets can be used and earned through online betting play on all the sites listed above. For example, DraftKings featured a bonus bet worth up to $10 for the U.S. men’s national soccer team’s game in the World Cup against the Netherlands, and BetMGM offers a mission to earn a $10 bonus bet by placing three NBA parlays over one week.

The most popular way to boost your bankroll includes using odds boosts and odds modifiers, which can be for individual betting options or events and applied to your created parlay or same-game parlay. For example, FanDuel offers daily odds boosts on select point spreads, moneyline bets, and prop bets, while DraftKings offers up to a 100% profit boost on a same-game parlay on every NFL and NBA game day.

Other promotions include parlay insurance, which is similar to a no sweat bet bonus in the sense that the user will receive their money back in the form of site credit, but only if a certain number of the legs of their parlay wins. For example, FanDuel is currently running a parlay insurance bonus for Thursday Night Football worth up to $10.

Lastly, the least common form of promotion is reload bonuses, which are the same as deposit bonuses, except for existing users. These bonuses are very rare and are generally given to dormant players, meaning they will be sent to your sportsbook account’s email address rather than be given through the app.

Pros & Cons of Betting Apps with Bonus Money

There are several reasons to use betting promotions to your advantage when using online sports betting platforms like the ones listed above, but the main one is to get the most from your money. There are very limited reasons you should refrain from using a promotion because a general rule of thumb is to get as much money as possible when betting online, and most betting apps that offer the most are the best!

Terms and Conditions

Each money boosting promotion will have different terms and conditions to be met to receive the bonus, so always read them through before opting in and placing any wagers. For example, many bonus bets require users to place a qualifying bet with minimum odds of -300 or be placed on a specific betting market or event, like Monday Night Football.

Many promotions also have a maximum amount that a user can win and will expire after a certain period of time. Generally, that amount is $200, and the time period is seven days, meaning try to avoid winning too much and bet smart, as well as be quick with using your bonuses.

As mentioned above, deposit bonuses require users to fulfill a playthrough requirement, which is generally five times the original deposit amount. A DraftKings user who made a $5,000 deposit will need to spend $25,000 on the betting platform before the full $1,000 bonus cash is released. Let’s look at this requirement and other things to note before claiming your bonus:

What is a Rollover or Playthrough requirement?

You will typically find rollover or playthrough requirements that come with first deposit bonuses. A sports betting app is not going to simply give you money because you deposited. They want to know you are going to stick around and gamble.

Before any cash becomes eligible for withdrawal, you must place some wagers equal to or higher in value to your initial deposit a certain number of times. For example, if an operator is advertising a $1,000 first deposit match bonus, and the terms and conditions state that there is a 10x rollover requirement, you must wager $10,000 before you can withdraw any bonus cash. The premise is simple, it all depends on the time you have to work with.

Expiry Dates

No sports betting sites will give you numerous months or even a year to use your bonus money to wager with. They are keen to see you betting early and regularly before they decide to give you bonus cash. In most cases, you will have between seven days to thirty days in most cases to clear whatever requirements have been set in the bonus terms and conditions.

The same rules apply for bonus bets in that you will have to use them within a set timeframe or you risk losing them. If you are on the ball you can enjoy them but if not, you will lose them without warning.

Qualifying Bets

The idea that drives a bonus from an operator’s view is to get you actively wagering and engaging with the site. Consequently, not every bet will count towards fulfilling your bonus requirement. A betting app wants to ensure there is an element of risk at your end, so you can’t just accumulate profits by betting big on the favorite every week.

In most cases wagers will have longer odds than a specific number. For example, let’s imagine a scenario that the odds can’t be shorter than -200. In this circumstance, a wager with -250 odds wouldn’t qualify, but any bets with odds of -150 or +150 odds would.

It is never going to be so simple that you can just wager on the overwhelming favorite in a boxing match, NFL game or the NBA playoffs.

Betting Apps Comparison

No matter what you’re looking for in a sports betting site, one of the betting apps above will be right for you. Read the table below to compare the different betting apps, their welcome bonuses, their app store rating, and the states where they are available!