If you’re a first-time sports bettor or looking to join a new sportsbook, one of the first things you should consider is the welcome offer.
There are two main types of betting promotions for new users. One is a “first-bet” offer, also known as a “no-sweat bet,” “second-chance bet” or “safety-net bet.” Regardless of name, it involves getting your first bet back in site credit (up to a certain amount) if your first wager loses.
Other books will essentially give you money for signing up. This is usually in the form of a “bet-and-get” promo, where you receive bonus bets or site credit just for making a small wager after registering. This gives you money to play with to see if you like the sportsbook.
The second option is often preferable, but it depends. A first bet offer is good for a casual bettor who wants to quickly check out a sportsbook or has a specific bet in mind.
The “bet-and-get” offer is preferable for someone who wants to wager on multiple games or markets.
Terms and conditions vary based on sportsbook.
Once you’ve registered for a sportsbook and played through your welcome bonus, it’s also important to assess the promotions for existing users. Some sportsbooks offer daily odds boosts or rewards programs to keep customers returning.
If you wager frequently, you’ll want a sportsbook with frequent boosts and a robust rewards program like Caesars or Fanatics. If you’re a more casual bettor, these won’t be as important.