New York Sports Betting - How Sportsbook Bonuses Work
When it comes to betting on sports online, many bettors want to know exactly how sportsbook bonuses work at NY sports betting sites. After all, the free money associated with betting online is one of the main perks of using an online sportsbook versus one of the limited land-based options. Sportsbook bonuses can be quite advantageous to beginning bettors and experienced players alike, but there are a few pointers to remember when selecting online sports betting bonus. The best online sportsbooks will offer perks that are just as varied as the players that redeem them. What may be of value to you, may not necessarily be the top choice for another player. In order to decide what works best for your own betting strategy, understanding the different types of sports betting promotions is key.
We can help you get a better idea of how sportsbook bonuses work at NY sports betting sites by giving you an overview of promo categories. You can also use this page as a resource for the latest bonus codes that can be used at the best online sportsbooks for NY residents. Our frequently asked questions section should be able to fill in any blanks that you have regarding New York sports betting bonuses.
Promo codes change periodically, which is why sports fans are always on the hunt for the latest sports betting bonuses. Once you know how sportsbook bonuses work, you only need to visit a site and start claiming your rewards. We have put together a table that you can use to find the best online sportsbook bonuses currently available. You can usually review current promotions before signing up, but some promos will be exclusive to your account. Here are some of the top sports betting bonuses that all New York sports bettors can redeem:
| Type Of Bonus: | 100% Bitcoin Deposit Bonus | 50% Deposit Bonus | 25% Reload Bonus | Live Betting Free Bet |
|---|---|---|---|---|
| Rollover: | 14X | 10X | 6X | 6X |
| Max Bonus Cap: | $1,000 | $2,500 | $1,000 | $25 |
| Code: | BTC2017 | NEW2500 | LIFEBONUS | N/A |
| Type Of Bonus: | 100% Bitcoin Deposit Bonus | 75% Deposit Bonus | 25% Reload Bonus | Mobile Betting Free Bet |
|---|---|---|---|---|
| Rollover: | 14X | 12X | 6X | 6X |
| Max Bonus Cap: | $1,000 | $1,000 | $1,000 | $50 |
| Code: | 2017BTC | NEW1000 | FORLIFE | N/A |
| Type Of Bonus: | 50% Bitcoin CASH Deposit Bonus | 50% Welcome Deposit Bonus | 15% Welcome Deposit Bonus |
|---|---|---|---|
| Rollover: | 15X | 7X | 3X |
| Max Bonus Cap: | $1,000 | $300 | $2,500 |
| Code: | See Account | See Account | JOIN15 |
The awards themselves may change, there are only a few types of online sportsbook bonuses that you will come across. Learning how sportsbook bonuses work will help you determine which promos are best for you. The promos available to you at New York sports betting sites can differ depending on whether you are a new or existing customer, what sport you are wagering on, and even the type of deposit that you are making. Below you will find the four basic categories that New York sports betting bonuses fall into:
Deposit Match Bonuses
Deposit match bonuses are the most common type of online sports betting promo that you will come across. This is where the online sportsbook will match your initial deposit by a percentage up to a certain maximum amount. Typically, this will be how sportsbook bonuses work when it comes to your first deposit. These new player promos are usually larger than other bonuses offered by the NY sports betting site, as they serve as an extra incentive to sign up.
Reload Bonuses
Reload bonuses are another type of deposit bonus, but they are good for existing customers. These promotions encourage sports bettors to continue making deposits as they can get extra cash every time an account is reloaded. Even if you make a small deposit, you know that you can still claim more money to play with. The match percentage and/or maximum bonus cap will usually be less than the initial deposit reward.
Free Bet Bonuses
These types of sports betting bonuses are usually offered as a way to get bettors to try new features. Some online sportsbooks will allow you to place a wager up to a certain amount, with a code that can be applied to credit your account with an equivalent amount. Other books will just return your original stake if the bet happens to result in a loss, making it a completely risk-free wager.
Loyalty Programs
Loyalty programs will allow you to earn points that can later be redeemed for rewards. You might get points for placing a certain type of wager or betting on a particular event. Rewards include extra free plays, cash back, withdrawal fee discounts, and more. New York sports betting sites that have loyalty programs will still have standard bonuses as well.
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What Are Wagering Requirements?
When learning how sportsbook bonuses work, always pay attention to the wagering requirements. Also known as the rollover, it is the number of times that you must wager your deposit plus bonus amount. For example, if you deposit $250 and redeem $250 in free-plays for a total of $500, you would have to wager $3,000 to meet a 6-time rollover requirement. Rollover requirements are always detailed in the conditions section of the online sportsbook promotion.
When Are Sportsbook Bonuses Credited To My Account?
Another part of learning how sportsbook bonuses work is knowing when they will be applied to your account. When sports betting promos are credited depends on the type of reward and sportsbook. Most sites will instantly apply a deposit bonus after it has been redeemed. There are some New York sports betting sites that will credit rewards incrementally as you fulfill wagering requirements. With free bets that require reimbursement, you may have to wait 24 hours before your account is credited. You can also find out this information by reviewing the terms & conditions associated with the sports betting bonus.
How Do I Redeem A Bonus Offer?
The most important aspect of how sportsbook bonuses work is knowing how to actually claim the rewards. You can redeem an offer in one of several ways depending on the online sportsbook. You will most likely need to enter a promo code at the online cashier when claiming a deposit bonus. Some sites will have a “Bonuses” page on your dashboard where you can apply sportsbook rewards with the click of a button. Some free play credits will require bettors to email customer service.
What Exactly Is Meant By “Free-Play”?
Learning the difference between free-plays and cash is key to understanding how sportsbook bonuses work. Most sports betting bonuses for betting New York are issued in the form of free-plays, which is different from the cash that you deposit into a sportsbook. Some sites will keep your real money sports betting balance separate from your free-play balance. This is because free-plays are not able to be withdrawn as regular cash is. There are some sites that offer cash bonuses, which are usually preferable since the extra cash goes into your real money account. If you bet with a cash bonus, both your original stake and winnings are returned to your account. When betting from your free-play account, the amount wagered will be deducted from your free-play balance while only the winnings go toward your bankroll. Cash sports betting promotions are harder to come by, but free-play rewards are still beneficial.