Site credit is essentially the same as a free bet, except with one key difference - it’s malleable. For example, DraftKings recently offered new customers in Louisiana a $100 free bet pre-registration bonus. No deposit bonuses are now predominantly used as pre-launch offers, with bettors being given the likes of free bets or site credit. As such, the hope is that new bettors will find they enjoy the experience of the sportsbook enough to commit long-term.

Sportsbooks tend not to offer no deposit bonuses as often as other incentives because they completely favor the customer. Essentially, no deposit bonuses work the same way as free bets - they just don’t require a deposit to trigger. If a bettor makes a wager and wins, they will receive the profit from the bet, but not the free money stake. Understandably, these amounts are usually smaller than other bonuses - often between $5 and $25.

In this case, a sportsbook will credit a new customer’s account upon sign-up with a specified amount of free money, no deposit required. Here are our top-two sportsbooks offering a free bet sign-up bonus:Ī no deposit bonus is the closest a bettor can get to placing an actual free bet. While they have a different name, bet credits can be used like real money, though they cannot be withdrawn on their own. Some bettors may opt to bet big since they are using free money, such as with a parlay, but sportsbooks will sometimes have rules limiting payouts.īet credits, which are a form of sign-up bonus unique to bet365, also work like free bets. However, that money cannot be simply withdrawn as cash.Īs an example, if a bettor wagers $10 of free money and profits $10, they will have gained $10 that they can later cash out. Sportsbooks will offer a set amount of free money once bettors make a deposit that they can use to wager on whatever they wish. Free betįree bets are arguably the least complicated type of sign-up bonus. Getting acquainted with each of these bets is a great way to conquer any newcomer anxiety and decide where to begin. But popularity means options, and options can be overwhelming.Įntering the space as a newbie bettor can be especially daunting when every sportsbook worth its salt is throwing out varying sign-up bonuses to incentivize potential customers to choose their platform.Īs it turns out, however, there are several common types of welcome offers that prospective bettors are most likely to come across. As markets continue to open their doors, legal sports betting is skyrocketing in popularity.

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