Who should make use of the comparison? – every savvy sports bettor
A sportsbook deposit match promo code is one of the most common sportsbook promo codes available to bettors. Most sportsbooks use them to convince new customers to join their betting platforms, while others utilize them to retain players. The operator matches a percentage of your initial deposit up to a certain amount, essentially allowing you to make money off the sportsbook right away!
While a sportsbook deposit bonus is generally appealing, you still need to select the best one from the bunch. Even though sportsbook promotions like deposit bonuses ultimately serve the same purpose, it’s the terms and conditions you need to be wary of, as we'll explain a little later. You’ll need to compare different deposit match offers around before picking one. Beginners in sports betting will benefit from comparing deposit match bonuses to learn what the offers entail and how best to use them. Advanced players can also benefit from deposit match offer comparisons to pick the right one for their betting style.
5 ultimate tips for using bonuses – for maximum gains
As rewarding as a sportsbook deposit bonus is, how beneficial it is to you depends on how you use it. As mentioned, sportsbook offers usually come with terms and conditions attached. You'll find that most of the mistakes you make when using the bonuses are outlined in these Ts & Cs. Generally, to make the most out of a sportsbook deposit match offer, you should try and avoid the following common pitfalls:
Using ineligible payment methods
Some sportsbooks explicitly prohibit players from using specific payment methods when activating sportsbook deposit bonuses. Digital wallet platforms like Neteller and Skrill are some of the platforms several sportsbooks subject to this kind of ban. Be sure to check the Ts & Cs before you deposit. If you proceed to use a restricted payment method to unlock the sports betting deposit match offer, the operator nullifies the bonus.
Ignoring the maximum/minimum odds
Some sportsbooks impose maximum/minimum odds and spreads you must adhere to when wagering your bonus. When placing wagers using the bonus, stick to the specified odds and spreads to avoid being disqualified.
Betting on high-risk bets
Unless the sportsbook bonus imposes odds and spreads you must use when wagering, keep to low-risk bets to increase your winning chances.
It's always wise to limit variance by making small wagers with your sportsbook bonus. Such a strategy allows you to retain most of your sportsbook deposit match, giving you a chance to build your bankroll gradually.
Betting on unfamiliar markets
Some sportsbooks impose betting markets you must wager on using the bonus. If that's the case, be sure to strictly place your wagers in stipulated markets to avoid forfeiting the offer. If the sportsbook doesn't restrict any betting markets, opt for low house edge markets, such as MLB Moneylines, NBA Spreads, or NFL Spreads.
Editor’s recommendation – the best bonus sportsbook – FanDuel
As we previously highlighted, sportsbooks commonly use mobile sports betting promo codes and other sports betting offers. And the sports betting deposit match promo code is among the most popular offers. However, not all of them are worth activating. We take the time to compare and rank different deposit offers to remain with the best one.
After spending hours reviewing numerous sportsbook deposit bonuses, Fanduel’s bonus offer came out on top. It's not the conventional deposit match offer, where the operator matches your initial deposit up to a certain amount. Instead, FanDuel gives you a no sweat first bet up to $1,000 after making your first initial deposit on the platform. FanDuel refunds your initial wager in the form of bonus bets, if your first bet loses loses.
Be sure to get a move on things because you have no more than 14 days to use up these bonus bets. Any remaining bonus bets once the 14 days are up expire and disappear from your player account. On the flip side, if luck is on your side and your first wins, you can go ahead and withdraw your winnings right away. We love this offer because there aren't any minimum odds and spreads or wagering requirements linked to your bonus bets.
Bet $5 Get $150 in Bonus Bets
What we look for when reviewing bonuses – leave nothing to chance
The sheer number of sportsbook deposit match offers at players' disposal is astounding. Because we know that not all bonuses are the same, we tend to evaluate them individually to remain with the best ones. Our team of experts swears by the following checklist when appraising different deposit bonus offers:
- Low rollover requirements: Most sportsbook deposit bonuses come with rollover conditions, also known as playthrough, wagering, or turnover conditions. Rollover requirements indicate the number of times you must wager a bonus before you can withdraw. Depending on the sportsbook, the wagering conditions can be anywhere from 1x to 30x. The lower it is, the better. Why? You can withdraw your funds sooner.
- High maximum amounts: Typically, sportsbooks match sportsbook deposit bonuses up to a certain amount, which can be between $250 and $750. A higher amount is ideal because you get more money to wager with.
- Fewer limitations: Even though sportsbooks attach rules to their bonuses, some go to town with a cascading list of restrictions. We always prefer the sportsbook with fewer restrictions. You shouldn’t have to jump through too many hoops to use a bonus.
- Best odds: Sportsbooks provide players with odds and spreads that predict outcomes of different events. Betting odds and spreads also determine how much you win if all goes well. We prefer to align with sportsbooks providing the latest and competitive odds and spreads.
- Enhanced odds and spreads: Competitive odds and spreads aside, some sportsbooks offer enhanced odds and spreads on certain games when using the betting offers. Such odds and spreads naturally boost your payouts if you win. Naturally, we tend to side with and recommend such sportsbooks.
Finding the right bonus for you – make foolproof selections
At PromoGuy, we understand just how diverse the gambling industry is. Bettors have a long list of betting offers choose from, ranging from online sign-up promotions to a sportsbook refferal bonus. That's why we have bonus reviews to help you not only pick the best betting promo code but the right sportsbook. If you browse through our site, you'll find a healthy dose of:
- Match deposit reviews: Using these reviews, you can pick a bonus that doesn't overextend your bankroll. At the same time, you're better able to stick to your betting limits.
- Risk-free bet reviews: You can use these bonus reviews to look for the sportsbook that allows you to wager at minimal risk. Such a sportsbook will come in handy if you're still starting out in sports betting or are more of a cautious bettor.
- Free bet bonus reviews: If you prefer having more free bets to wager with, our free bet bonus reviews highlight the different operators that provide such offers.
- Bonus bet reviews: If bonus bets are something you are interested in, these are widely available at Fanduel, DraftKings, and BetMGM.
- No deposit bonus review: We also highlight the best operators offering zero deposit offers. Mind you, no deposit bonuses aren't restricted to sportsbooks. Casinos also provide these bonuses, and we highlight the different gaming platforms offering this kind of bonus. All you have to do is choose the best one for you.
Our favorite bonuses
1.
up to $1,500 back in Bonus Bets
Players from Virginia accepted
Min. Deposit: $10
2.
Bet $5 Get $150 Instantly
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $5
3.
Bet $5 Get $150 in Bonus Bets + 3 Months of NBA League Pass
Players from Virginia accepted
Requirements (WR): 1x Deposit, Min. Deposit: $10
4.
$1000 in Bonus Bets
Players from Virginia accepted
Min. Deposit: $10
Place your first cash bet up to $1,000, and if the bet loses, you will have your wager refunded in Bonus Bets. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
5.
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Players from Virginia accepted
Overview of bonus types – more fish in the pond
As you’ve probably gathered by now, the sportsbook deposit match offer is our focus in this guide. But there are many other types of betting offers to pick from. Each comes with its own rules and requirements. Simply go for the betting offer that you’re most comfortable with. Below we list the most common sports betting offers you'll find in our reviews, and how they work.
No deposit bonuses
No deposit offers are precisely how they seem at face value. They are bonuses you can claim without making deposits on betting sites. Sportsbooks use such bonuses as incentives to get players to sign up with little hesitation. No deposit bonuses aren't hard to claim. For simply signing with a sportsbook, you get a small cash amount or site credits that you can use to wager on the platform. The beauty of this bonus is you can win real cash if your wager wins. Plus, this offer comes in pretty handy for new players looking to familiarize themselves with new betting sites before committing their hard-earned cash.
Free bets
Some sportsbooks offer free bets coupled with sportsbook deposit bonuses to new users as a way of getting them to join their platforms. Others offer free bets to their existing customers. Depending on how the sportsbook decides to structure the promo, you can either deposit something to receive them or not. In most cases, players can't redeem free bets for cash.
Bonus Bets
Like free bets, you can use these to make extra bets with site credits. However, thee bonus bets are not 100% free as they usually entail a first deposit or bet before they are delved out. Also, the bonus bets cannot be cashed out and operators offering these promotions will only extent the profits of a successful bonus bet to you.
Risk-free bets
We touched on the concept of a sportsbook risk-free bet earlier on. Sportsbooks refund players when their qualifying wagers lose. Usually, the sportsbook reimburses the stake in the form of site credits. The bonus only applies if your wager loses, meaning the offer is off the table if your bet wins. Most risk-free bet promos don't come with wagering requirements. If they do, they are usually very low.
First bets or No Sweat first bets
Players who lose their first bets receive their stake back in bonus bets to have another go at betting. The bonus bets are not cashable, which means you cannot win as much as you would off a straight up bet. Players can claim all profits made from these bonus bets though.
Loyalty/ VIP Bonuses
As the name implies, the bonus targets members of the sportsbook’s loyalty or VIP program. To be a part of the mentioned programs, in most cases, you need to be a consistent bettor on the platform who wagers lots of money. After tracking your performance and reviewing your player account, the operator invites you to join the program. More lenient sportsbooks allow every bettor to be a part of the program right off the bat.
At PromoGuy, we pride ourselves on providing you with well-rounded information to help you navigate your gambling adventure optimally. Though this review zeros in on sportsbook deposit bonuses, you’ll find additional resources across different gambling niches. Call it your one-stop shop for gambling information, if you will. We give insight on:
- Best sportsbooks reviews: Long after your sportsbook deposit match offer is off the table, top bookies still find ways to keep your gambling sessions engaging. If you pick the best sportsbook, you're less likely to experience such issues. Our best sportsbooks not only offer the best bonuses but are reputable, safe, and cover a wide range of sports & betting markets.
- Best sportsbook offer reviews: If a sportsbook deposit match promo code isn’t your style, alternative top betting offers are featured on our website. Simply pick the one that speaks to your betting style the most.
- Best casino reviews: If you’re looking to take a break from sports betting and kill time with casino gaming, we also have you covered. We feature some of the best casino reviews you can read through to pick the right one for you. Our casino reviews examine different casinos based on attributes like the number of casino games on offer, gaming categories, promotions, and loyalty programs. We also review licensed and regulated casinos to guarantee you a safe gambling experience.
- Best casino bonuses reviews: At PromoGuy, we also give you a rundown of the best casino bonuses you can explore. Just like our sports betting bonus offers, we give you a list of the different bonuses available to casino players, explain how they work, and walk you through selecting the right one for you.
1.
up to $1,500 back in Bonus Bets
Players from Virginia accepted
2.
Bet $5 Get $150 Instantly
Players from Virginia accepted
3.
Bet $5 Get $150 in Bonus Bets + 3 Months of NBA League Pass
Players from Virginia accepted
4.
$1000 in Bonus Bets
Players from Virginia accepted
Visit Site
Place your first cash bet up to $1,000, and if the bet loses, you will have your wager refunded in Bonus Bets. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
5.
–
Players from Virginia accepted
Sportsbook Deposit Match FAQ
💰 What is a deposit match bonus?
A deposit match bonus is one of the betting offers offered by sportsbooks to attract customers or retain existing ones. Our guide explains what the bonus entails and how best you can use it.
🎁 What are the different types of sports betting offers?
Players have several betting offers at their disposal. We explain each deposit in our reviews to help you select the one that works for you.
📅 Do deposit match offers have wagering requirements?
Wagering requirements indicate the number of times players can wager a bonus before they can withdraw. In our guides, we walk you through ascertaining the best wagering conditions on deposit match offers that will benefit you more.
