The sportsbook market is exploding and you can find dozens of options in most legal sports betting states. Different sportsbooks have different sign up bonuses and are eager to get you to use their website and mobile app to win more money. However, a few things to keep in mind before signing up for an account are:
Sign-up bonuses
Sportsbook sign-up bonuses can help you make big winning bets. These bonuses typically come as free bet credits, free money, or site credit. Many sportsbooks also offer free play bonuses, which allow you to make free bets without any risk. However, you should be aware of the fine print before claiming your bonus.
Some sportsbooks also offer parlay insurance, odds boosts, and other types of special offers. For instance, they will boost odds during major sporting events such as the NFL Draft, March Madness, and the Super Bowl. There are also promotions that reward you for referring friends to the sportsbook.
Minimum deposit required to access a sportsbook promo
A sportsbook promo usually requires you to make a minimum deposit to access it. You’ll need to enter the promo code during the registration or initial deposit process. Promo codes are usually found in a field on the deposit or registration page. Once you complete the process, the bonus will automatically be credited to your account.
Some sportsbooks have different terms and conditions for their promos. The minimum deposit to access a sportsbook promo may be different for each of them. Some sportsbooks also offer promotions on other products as well, such as live betting.
Free bets
Free bets at sportsbooks are a good way to get to know a new sportsbook before depositing your own money. These free bets are often in the form of free tokens that will pay stakes on certain events. However, these free bets come with certain disadvantages, so punters should read the terms and conditions before depositing any money.
Free bets can be used on different types of wagers, from a single moneyline NHL bet to four-leg parlays. They can come with restrictions and are a great way to test a new sportsbook.
Boosted odds bonuses
Sportsbooks often offer boosted odds bonuses on parlays and other bets. For instance, Bet365 offers a 20% bonus on multi-sport parlays. All you have to do is select five-fold parlays with at least two sports, and they’ll add boosted odds.
The terms of boosted odds vary from sportsbook to sportsbook, but most require you to bet at least $30 to receive the bonus. Other restrictions may apply, such as minimum wager amount. There may also be minimum number of selections in a parlay. You can look for these offers in the lobby banner section or on the promotions tab. Many sportsbooks will also notify you when they are running boosted odds bonuses.
Reduced juice lines
Reduced juice lines at sportsbooks are a good way to save money when betting on sporting events. Typically, sportsbooks charge around 10% in juice. But by betting on these lines, you’ll save about 5%, which can easily add up to thousands of dollars annually. This is a good strategy for new bettors who don’t have a lot of experience betting in sports.
Sportsbooks want to make money. But they can’t make any money if you consistently lose your money on the lines. By offering a reduced juice line, you can save as much as $5 per bet, which can add up to thousands of dollars for high-volume bettors. Typically, reduced juice lines are offered on propositions with odds between 50-50.
Legalized sports betting in Arizona
Sports betting has long been illegal in Arizona, but the state legislature has made it possible to place wagers online and on mobile devices. House Bill 2772 was signed into law by Gov. Doug Ducey in April 2021, and it allows for up to 20 sportsbooks throughout the state. Of these, ten will be affiliated with Arizona professional sports teams or Native American tribes.
The state already has a number of tribal casinos that are regulated by the Arizona Department of Gaming. With the passage of HB 2772, sports betting will be legal in these casinos. Arizona has a rich gambling history, and the new law will create a new gambling culture.