Claim the 25 Best Sportsbook Bonuses Now!
Our Top Picks: July 2022
The sports betting boom is well underway in the US market, which means eevery sports betting website is looking to attract your business.
And there's so many of them out there that choosing the best ones can be overwhelming. So we did your homework for you and reviewed all available bonuses in your state. Here are our top 3 favorites to help you get started
Available Sportsbook Bonuses: July 2022
No player likes missing out on a great promo so we’ve done the heavy lifting, and identified the best options for you. Our complete list of sportsbook bonuses is below.
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Available Sportsbook Promos for Players
Sportsbook promos are a great incentive for new players to try out new betting sites, but there are many different promos, and finding the right one doesn’t have to be like finding a needle in a haystack. Our evaluation cuts to the chase.
Deposit Bonus
A deposit bonus is an attractive incentive for a new player. Generally, you’d get your deposit matched with bet credits which can be used for betting straight away.
It’s a great opportunity to double your starting bankroll or double down on your first picks.
| Positives | Negatives |
|---|---|
| Boosts your bankroll | Generally have tougher playthrough requirements |
| Unlike risk-free bets, you don’t need to lose your bet to get the promo | Might need to wager deposit first before being able to wager the bet credits |
| Buys you time to get used to the sports betting site |
No Deposit Bonus
No deposit bonuses are exactly as they say on the tin, no deposit required! These are the best offers out there and you might expect to see them before a market opens up when operators are looking to build a customer base early on.
| Positives | Negatives |
|---|---|
| No risk at all, absolute free roll | None. It doesn't get more "free money" than this. |
| Gives you plenty of opportunities to try new sports or bets |
Free Bet
Free bets are a standard sportsbook offer. They are usually released when a certain action has been completed. That could be, for instance, placing the first bet.
| Positives | Negatives |
|---|---|
| Still a promo so players can make a profit | Some have restrictions |
| Gives you an opportunity to take a shot at boosting your bankroll | |
| Unlike risk-free bets, you generally don’t need to lose a bet to get the promo |
Risk-Free Bet
Risk-free bets are very popular these days for sportsbook operators. These promos are not technically risk-free, but they do provide players with insurance on their first bet.
We suggest you always read the terms and conditions for risk-free sportsbook offers as you often have to lose your first bet to get the promo.
| Positives | Negatives |
|---|---|
| Revenge. You get a second shot at the pot | Keep an eye out for playthrough requirements or incremental releases |
| Insurance to take a shot at boosting your bankroll | It’s not risk-free. You first need to lose your bet |
| Still a promo so players can make a profit | Free bets are less valuable than cash, so again, not technically risk-free |
How Do We Rank Sportsbook Promos?
The OddsIndex bonus rating system aims to help you understand if a promo is as good as it sounds and figure out which are the best of the best. We want to become the source of truth when it comes to anything sports betting.
Here's what we look at when we analyze bonuses:
- What is the advertised value of the promo? Generally, the higher, the better, as long as you can get your hands on it.
- What is the deposit to bonus ratio? It's not great to have to deposit $5,000 to score a $1,000 free bet. A 1:1 ratio is pretty standard, although if you look long enough, you'll find hidden gems that give you higher returns. Check our bonus lists for those! Hint: the hidden gems usually score more than 90 on our rating system.
- Do you get the bonus in one go, or is it released incrementally? The simpler, the better, so it's best to get it in one shot.
- How much time do you have to use that bonus or free bet? The longer you have, the better.
- Finally, is it a risk-free bet, or is your bonus not conditioned by losing your first bet? Risk-free bets are not relatively risk-free as you still need to lose your first bet, and the parity between cash and free bets is not quite 1:1. We believe it's always better if you don't have to hope for a loss to get a promo. Risk-free bets still provide you with proper insurance for a chance to build your bankroll.
FAQs
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Betting on sports online for the first time? There’s never been a better time, with online sports betting now legal in almost half of US states. Find out more!
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