Deposit match bonus on sportsbooks
Are you looking to enhance your betting experience by taking advantage of a deposit match bonus? Then, do not look any further. As one of the most popular betting bonuses, a deposit match bonus can be found in almost every online sportsbook.
Gambling operators offer these incentives as a way of attracting new members to their platforms. On the other hand, deposit match bonuses give punters free cash that they can use to place bets on their favorite sporting events.
In this guide, we will take a closer look at everything that concerns match deposit bonus offers. This includes the requirements of these bonuses, the different types available, as well as the common deposit-matched bonus amounts offered by sportsbooks.
What is a deposit match bonus?
A deposit match bonus is when a sportsbook awards you free betting credits by matching your initial deposit. Normally, the amount that the sportsbook will match shall depend on the terms and conditions of the promotional offer. However, this will always be expressed as a percentage. The most common deposit match bonuses are either 50%, 75%, or 100% of the deposited amount.
For instance, a betting website may offer a 100% match deposit bonus of up to $500. This basically means that if you make a deposit of $500, the site will add $500 to your betting account as credit. Similarly, another sportsbook may provide a 50% match deposit bonus of up to $1,000. In this case, if you make a deposit of $1,000, you will receive $500 in your account.
Matched deposit bonuses are mostly awarded as welcome offers to new players when they first register at an online gambling site in the USA. When offered as such, they are also referred to as first deposit bonuses. Nevertheless, some sportsbooks also provide them to existing members as part of ongoing promotions. Keep in mind that deposit match bonuses come with various requirements including wagering and validity periods. We are going to discuss these requirements later in this article.
Why US bettors love deposit match bonuses
Undoubtedly, deposit match bonus offers are great. Betting enthusiasts in the United States love them because they provide a lot of benefits that can enhance their betting experiences. The following are some of the biggest advantages of these bonuses:
When will I get a deposit match bonus?
There are mainly two ways to get a deposit match bonus, either as a new sign-up or as a VIP customer. Read more about the different types of deposit match bonuses below:
Requirements of deposit match bonuses
Online betting platforms don’t just dish out freebies, and that is why they include some terms and conditions on their matched deposit offers. By reading and understanding the fine print, you will know what you are required of when taking advantage of bonuses. Here are some of the most common requirements associated with matched deposit offers.
Common match deposit bonus amounts
As we have said previously, deposit-matched bonuses involve a sportsbook matching your first deposit by a specific percentage. Most of the time, this percentage is 100%, though some sites may offer lower or higher than this. Let us look at the most common deposit bonus amounts offered by sportsbooks operating in the United States:
A 25% bonus is normally the smallest that you can take advantage of at a betting site. Mostly, it comes with favorable terms and conditions such as low wagering requirements and longer validity periods. With such a bonus, your deposit will be matched up to 25%. For example, with a $300 deposit, you will receive an extra $75. Thus, the total amount you will get in your account will be $375.
You will not find a shortage of betting sites offering the 50% deposit match bonus. It is the second most common in the US after its 100% counterpart. In this bonus, the sportsbook will match your initial deposit by 50%. Therefore, if you deposit $1,000, the site will credit an additional $500 into your account. Consequently, you will have a total bankroll of $1,500 that you can use to place wagers on your favorite sports.
This is the most common matched deposit bonus amount found at many betting sites. It is also the most popular among betting enthusiasts since it doubles the amount of the first deposit. However, it usually comes with high wagering requirements, meaning you’ll have to play it through many times before you can withdraw winnings.
A 100% bonus works in a very simple way. For example, let’s say a particular betting site is offering a 100% match deposit bonus of up p to $1,000. This means if you deposit $500, you will get an extra $500 as bonus funds. As a result, you will have a total of $1,000 in your account to start your betting experience.
You will also find a considerable number of sportsbooks offering deposit match bonuses of up to 200%. For example, a betting site may provide a 200% bonus of up to $1,000. This means if you make a first deposit of $200, you will receive an extra $400. As a result, you will end up with a total of $600 in your account.
Though not many online sports betting sites offer a 300% matched deposit bonus, a few do. However, this offer usually comes with restrictive terms and conditions such as short validity periods. For example, you may receive a 300% bonus that expires in 7 days. This means if you don’t make use of the bonus funds within the stipulated time period, the betting site will cancel it and remove it from your account.