What are sports betting welcome bonuses?
A
sports betting sign-up bonus
is a promotion that’s offered to potential new bettors as an incentive when they start betting on a new site. As we said at the top of the article, the online sportsbook market is becoming increasingly crowded in the states that have legalized mobile sports wagering.
As a result, the sportsbooks have to get creative if they want their brand to stand out on the market. Of course, having a good overall product with a decent range of betting markets and valuable odds is more important in the long run, it’s not the first thing that will catch our eyes as potential new customers.
That’s why most online betting sites typically offer welcome offers, including bonus bets, deposit matches, and bet credits, to their prospective new account holders. In most cases, these bonuses aren’t just gimmicks either – if you use them wisely, they can enhance your overall experience as a new user of an online sportsbook.
Welcome bonus betting sites – The pros and cons
We’ll cover the different types of sports welcome offers and the key T&Cs in just a second. First, however, we’ve summarized the main pros and cons to look out for:
Pros and cons
- Give you something extra when you start betting
- Many different bonus types are available
- A competitive market means better offers
- Terms & conditions always apply
Different types of sports betting welcome bonus explained
Sportsbook welcome bonuses can come in a variety of different shapes and sizes. Here is a quick explanation of the most common and popular bonus types that you’re likely to come across in June 2026:
- Bonus bets
–
Free bets for new customers, more commonly known as “bonus bets”, are tokens that you can use as a single stake wager worth the written value. For example, if you had a $10 (or currency equivalent) bonus bet, you would be able to use it as a 1 x $10 sports wager on the betting site.
- No-sweat bets
– This is a form of bonus bet that you only get if the first wager that you place on your sportsbook account loses. As a result, the maximum limit for a no-sweat bet is often higher than a regular bonus bet. If a betting site offers a no-sweat first bet up to $1,000 you would only get the maximum bonus if you placed a $1,000 first wager and it lost.
- Bet credits
– These are very similar to bonus bets but with one key difference; they usually don’t have to be used as a single stake. In contrast to our earlier example, $10 in bet credits could, but wouldn’t have to be used as a single $10 wager. You could, for example, use them to place 2 x $5 bets, or 4 x $2.50.
- Deposit match
– This is a popular welcome offer whereby the betting site will match your first deposit by a certain percentage in either bet credits or bonus bets. For example, if the sign-up bonus is 100% up to $100, you would get $100 in bet credits/bonus bets for making a $100 deposit.
- No deposit bonus
– As the name suggests, a “sports betting no deposit bonus” is a promotion that you can claim without having to fund your account with your own money. While they do exist, genuine no deposit offers are very rare, and they usually come with T&Cs that require you to deposit and bet before you can withdraw your winnings.
- High roller bonuses
– This could effectively be any of the five bonus types mentioned above, only with higher minimum and maximum limits to make the bonus suited to experienced bettors with larger bankrolls. High roller offers are more common in online casinos than sportsbooks, but you will occasionally find them on
high maximum win betting sites.
Examples of these welcome offers
To supplement the descriptions that we’ve provided above, here are some examples of each welcome bonus type:
| Bonus type |
Example |
| Bonus bets: |
Bet $10 and get $20 in bonus bets |
| No-sweat bet: |
Get a no-sweat first bet up to $1,500 if your first bet loses |
| Bet credits: |
Bet $50 and get $150 in bet credits |
| Deposit match: |
100% first deposit bonus up to $100 |
| No deposit bonus: |
Sign up and get a $5 free bonus with no deposit |
| High roller bonus: |
100% welcome bonus up to $5,000 |
Betting sites welcome bonus: Key T&Cs to understand
If welcome bonuses are effectively the same as your real money bankroll, the betting sites would go bust within a matter of days. That’s why all
betting sites’ promotions
have terms and conditions attached that you have to consider.
In most cases, these T&Cs are reasonable and easy enough to work around. We always say that the
best free bets
aren’t the ones promising massive bonus cash but those with fair terms that actually make it possible to withdraw your bonus winnings.
We have highlighted the most common sports betting bonus terms for you here:
- Wagering requirements:
You need to play through your bonus or deposit amount X number of times before withdrawal. For example, if your $10 bonus came with a 5x wagering requirement, you’d need to bet $50 in real funds to withdraw your winnings.
- Bonus bet not included in returns:
Almost all bonus bet tokens’ value will not be included in your returns if you win. Let’s say you were to win a wager at odds of +150 with a $10 bonus bet. In this case, your returns would be $15, whereas with real money it would be $25 as you’d get your money back alongside the profit.
- Minimum/maximum deposit/bet limits:
To qualify for almost every welcome offer, you will need to make a deposit and/or bet(s). There will always be minimum and maximum limits to be aware of. For example, with a 100% bonus up to $100, the minimum bet limit might be $10 and the maximum would be $100.
- Minimum odds limits:
If you have to make a qualifying bet to claim the bonus, there will almost always be a minimum odds limit. If the odds limit is -150 or greater, wagers placed at shorter odds than this wouldn’t qualify.
- Excluded bet types/betting markets:
You will often find that certain sports betting markets or bet types are excluded from certain bonuses. Cashed-out bets and in-play wagers are commonly exempt from bonus use, meanwhile, some offers will be for a specific sport only, such as football or basketball.
- Time limits:
No sports betting welcome bonus lasts forever, and you’ll always have to use it within the limit. Additionally, any wagering requirements that apply usually have to be met within the bonus time as well, so be mindful of this.
Our choicest sportsbooks
1.
Bet $10 & Get $150 in Bonus Bets Win or Lose
Whatever the moment. It’s Never Ordinary at bet365. That’s why if you sign up now you will receive $150 in Bonus Bets Win or Lose when you bet $5! Minimum $10 deposit required. Minimum odds -500 or greater. Bonus Bets wager excluded from returns. New customers only. T&CS, time limits and exclusions apply.GAMBLING PROBLEM? CALL 1-800-MY-RESET. 21+ (AZ/CO/IL/IN/KS/KY/LA/MD/NC/NJ/OH/PA/TN/VA) or 1-800-BETS OFF (IA). 21+ (18+ KY). Must be present in AZ/CO/IA/IL/IN/KS/KY/LA (select parishes)/MD/NC/NJ/OH/PA/TN/VA.
How to claim a welcome bonus on a betting site – Step-by-step
Now that we’ve covered the ins and outs of betting sites with welcome bonuses in some detail, let’s take a look at how you can claim them. The registration process differs at each online sportsbook, and each bonus will have its own unique set of requirements.
However, we have provided you with a broad step-by-step guide that outlines the basic process:
- Find a welcome offer in our bonus comparison
- Click one of the banners on this page to reach your betting site of choice
- Open the registration form
- Enter your email address and create a password
- Enter your personal info (name, D.O.B., address, phone number, etc.)
- Opt-in for the bonus or enter a valid bonus code (if required)
- Read and accept the T&Cs and privacy policy
- Check things over and submit the form
- Verify your account with a photo ID and proof of address
- Make your first deposit and qualifying bets as required and according to the bonus T&Cs
- Wait for your qualifying bets to settle
- Get your welcome bonus
- Use your bonus bets or bonus credits
- Meet any wagering requirements that are needed
- Withdraw your winnings (if you have any)
How to find the right welcome bonus betting site
You can use our bonus comparison and online sportsbook reviews here at TheSpike to find your ideal betting site and sign-up offer. All sites have been rated and reviewed by our experts based on several criteria.
If you’re out there looking for your own sports betting welcome offers, here are some key things to consider:
Firstly, decide which bonus type suits you best and look for a site with a welcome offer to match.
Check to see if you need any
sports betting promo codes
to claim the offer.
Don’t take the welcome bonus at face value – check the minimum deposit/bet limits, minimum odds, and wagering requirements to ensure that it will work for your budget and experience.
Excluded and Included Markets 🏟️
See what the bonus can be used for – it’s no use claiming an NFL welcome offer if you don’t follow football.
Your sign-up promo will be over and done with before you know it, but your sportsbook account is there to stay – so you better pick a good one.
Betting Sites With Welcome Bonus – Conclusion
In summary, sports betting welcome bonuses are perfectly across different locations and come in a variety of shapes and sizes. You can find the best available offers where you are via the banners on this page. Remember the information and advice that we’ve provided in this article when choosing your ideal offer.
Our favorite sports betting bonuses
1.
Bet $10 & Get $150 in Bonus Bets Win or Lose
Min. Deposit: $10
Whatever the moment. It’s Never Ordinary at bet365. That’s why if you sign up now you will receive $150 in Bonus Bets Win or Lose when you bet $5! Minimum $10 deposit required. Minimum odds -500 or greater. Bonus Bets wager excluded from returns. New customers only. T&CS, time limits and exclusions apply.GAMBLING PROBLEM? CALL 1-800-MY-RESET. 21+ (AZ/CO/IL/IN/KS/KY/LA/MD/NC/NJ/OH/PA/TN/VA) or 1-800-BETS OFF (IA). 21+ (18+ KY). Must be present in AZ/CO/IA/IL/IN/KS/KY/LA (select parishes)/MD/NC/NJ/OH/PA/TN/VA.
Betting Sites With Welcome Bonus FAQ
🏆 Which betting site has the best welcome bonus?
The answer to this question depends on a variety of factors, including your experience, budget, and the type of bonus that you want to claim. To find the best offers where you are, it’s best to use comparison sites such as TheSpike.gg.
🎉 Which betting site gives new players a welcome bonus?
Most online betting sites give some form of welcome bonus to new players. Commonly these come in the form of bonus bets, deposit matches, or bet credits.
📋 How do I claim a welcome offer on a sports betting site?
Each welcome bonus is different, but usually, you will have to create an account and make a qualifying deposit. Sometimes, you will also be required to make a qualifying bet to get the bonus.