Pros and Cons of Sports Betting Reload Bonuses
This type of bonus rewards for their loyalty
Reload bonuses are perfect incentives for reloading betting accounts
Claiming a reload bonus is easy
A reload bonus usually increases with the size of your deposit
Several betting sites offer reload bonuses
Some reload bonuses are small percentages
Not all sportsbooks offer reload bonuses
How Do We Rate Sports Betting Reload Bonuses?
We rate reload bonuses based on several factors like their quality. The quality of a bonus is determined by its amount and the terms attached to it. Sometimes, the bonus may seem like a significant sum. However, strict terms and conditions may hinder you from enjoying it. Therefore, we make sure that the amount of the bonus (percentage) is generous while also focusing on the conditions of the bonus and their leniency. Furthermore, we rate the bonuses based on the sportsbook that offers the bonus. For instance, we consider of the sportsbook is legitimate, licensed, reputable, and the quality of its offerings (betting markets, odds, and more)
What Is a Sports Betting Reload Bonus?
The word reload refers to when you add funds into your sports betting account. You must have made at least one deposit money into your account before. Therefore, a sports betting reload bonus is an offer that is given to clients when they add funds into the sports betting account. They are quite similar to deposit match bonuses because like the best casino reload bonuses are also often given as percentages of the deposited amount. However, unlike deposit match bonuses, reload bonuses are usually given to existing clients, while the later usually targets new clients. Also, reload bonuses are normally smaller in percentages than deposit match bonuses. The funds from the bonus can be used to place more bets. They usually have a play-through requirement that must be achieved before withdrawal.
How Do Reload Bonuses Work?
As mentioned in the previous chapter, a reload bonus is usually given when a deposit is made into a sports betting account. The amount of bonus you receive is usually dependent on the percentage of the bonus and the limit set. For instance, if the bonus is worth 20% up to $100. This means that, if you deposit $100, you receive a bonus of $20. The sportsbook providing the bonus may also set a minimum amount of deposit that has to be made before a bettor can claim the bonus. Sometimes, the platform may also state the amount within which the bonus has to be claimed. For example, a sportsbook may offer the bonus below “receive a 20% reload betting bonus up to $1000 for every deposit made within the next 48 hours.” The terms of the bonus may differ from one platform to the next.
How Big Are the Profits Boosts?
This is usually determined by the percentage of the bonus. Naturally, if the advertised bonus percentage if large, then the profit will be significant, and vice versa. The terms of the bonus, like the minimum deposit amount, bet limits, wagering requirements, and the expiry date for the bonus also impacts its quality and profit boost. So, it is important that you consider the description and terms of the offer before claiming it.
Benefits of Using Reload Bonuses for Sports Betting?
In order to keep betting at an online sportsbook, you have to keep adding funds into your account. The key benefit of reload bonuses is that you get additional funds when you reload your account, something that you would still have done even without the incentive. Furthermore, using reload bonuses gives you the chance to win real bonus money without risking your own money. They also give you a chance to explore more betting markets without risking your money. Online sportsbooks give reload bonuses as incentives for loyalty. So, they make betting at an online sportsbook worthwhile.
How to Choose the Best Reload Bonuses?
When choosing the best reload bonus, the first thing you need is to choose the right sportsbook that offers the bonus. Make sure the platform is legitimate, trustworthy, and its offerings are worthwhile. You need to know that the platform that offers the bonus is good and you will have the best avenue for spending the bonus. The quality of the bonus, like the sum (percentage) and the time limit are also worth considering.
Furthermore, you have to consider the restrictions around the reload bonuses. Most sportsbooks usually apply certain restrictions to the bonuses to protect their operations and prevent any possible exploitations of their bonuses. The restrictions may include:
- A maximum amount that bettors can receive from a reload betting bonus
- A time restriction for claiming the bonus (for example, you may be able to claim a bonus if you make deposits at specific times on certain days of the week)
- A minimum deposit that a bettor has to make so that the sportsbook can issue the bonus
- The wagering requirement for the bonus before a bettor can be allowed to withdraw
- The bet limits set for using the bonus
5 Tips on Maximizing Your Reload Bonuses
Below are some tips that will help you make the most of your reload bonuses for sports betting:
- Make sure you understand how the bonus is issued. A reload bonus may be given in the form of a single bonus bet or multiple ones.
- Understand the odd requirements for the bonus. For instance, to redeem a reload bonus, you may be required to place bets with specific odds, depending on the sportsbook. Doing anything contrary will prevent you from redeeming your offer.
- Make sure you know the expiration date of the bonus so you can take full advantage of the bonus while it is still valid.
- Ensure you understand how to calculate the winnings associated with the reload bonus so that you can know exactly what to expect when you take advantage of the bonus.
- Understand the rollover requirements for the bonus and other restrictions.
Which Sports Accept Reload Bonuses?
The sports that accept reload bonuses usually depend on the sportsbook and the terms of the bonus. The bonus may apply to specific sports or all the sports covered by the online betting site. The best way to discover the sports that you can be on with reload bonuses is by reading the terms and conditions of the offer. The best sportsbooks will allow you to use your reload bonus on any sports. However, several platforms attach these bonuses to specific sports and betting markets in an attempt to boost the markets. Regardless, reload bonuses are a fantastic opportunity to boost your betting bankroll and explore different betting options with reduced risks.
Main Terms for Sports Betting Reload Bonuses
💎Bonus size
This is usually described as a percentage. Reload betting bonuses are usually expressed in percentages. So, the larger the percentage of the bonus, the larger the bonus size. However, you also have to consider the maximum amount you can receive from the bonus and the minimum and maximum deposit amount attached to the offer. Check the examples below:
- A reload bonus of 25% up to $100 with a minimum deposit of $20
- A reload bonus of 25% up to $1000, with a minimum deposit of $25
Despite having the same percentage, the second bonus is larger than the first one. This is because of the maximum amount. So, you have to use these three elements (deposit limit, maximum bonus amount, and percentage) to determine the size of the bonus.
📈Number of selections
In sports betting, the term selection refers to the athlete, player, team, individual, horse, or any other entity that the putter places their bet on. When it comes to reload bonuses, the number of selections refers to how many entities you can place bets on with your reload bonus amount. Depending on the sportsbook, the bonus may only be applicable to a few or several selections. It is important for you to find out the exact number of selections the sportsbook reload bonus covers.
💶Eligible markets
This refers to the betting markets where you can use the reload bonus. A sportsbook may allow you to use the bonus to place bets on specific or all betting markets covered by the platform. This information is usually given in the bonus T&Cs. Therefore, it would be wise to read this information keenly so you can know how to spend the bonus.
💵Minimum odds
An odd is the price available on a selection for a bet from a bookmaker. The sportsbook offering the betting bonus may determine the minimum betting odds associated with the offer. A bet using the reload bonus will only be successful if the minimum odd is met. The minimum odds may differ from one market to the next or from one sport to another.
🧧How are the extra winnings paid
These are the winnings you achieve when you place bets using the reload bonus you receive from a sportsbook. These winnings cannot be cashed out immediately. You have to keep playing through the bonus until you achieve the minimum rollover requirements attached to the offer. Once you achieve the rollover requirements, you can withdraw your bonus using any of the accepted withdrawal methods on the site. However, once you reach the maximum amount you can withdraw from the bonus, you can no longer cash out additional winnings. Any extra winnings can be spent to place bets and continue exploring different betting options on the site.
👑Min/Max stake
A stake refers to the amount being put down or placed by a bettor on a bet. It can also be described as a stake unit when it involves a multiple bet. A stake unit is the value of each part of a wager in a multiple bet. When placing bets with the funds you get from a reload bonus, there may be a maximum or minimum stake attached to it. This refers to the maximum or minimum amount you can put down on a bet when using the reload bonus funds.
🎟Maximum winnings
Maximum winnings refer to the highest amount of money you can withdraw from the winnings you achieve from placing bets with reload bonus funds. Once you have achieved all wagering requirements by playing with reload bonuses, you are allowed to withdraw your associated winnings. However, when there is a maximum winnings limit, you can only withdraw the money up to a certain limit. Any further winnings cannot be withdrawn. The sportsbook offering the bonus usually determines the maximum winnings limit attached to the offer.
Other Types of Bonuses to Look for
Enhanced Odds
+5
Accepted
lucky10
🎁Welcome bonuses
Other than reload bonuses, when choosing a sportsbook to bet at, you can consider one based on its welcome offer. A welcome bonus is normally given to new clients when they register with a sportsbook. There are different forms of welcome bonuses, like no deposit and deposit bonuses. No deposit bonuses do not have any initial deposit requirement. On the other hand, deposit or match deposit welcome bonuses are like reload offers for new clients (a minimum deposit is needed). Welcome offers are normally given to attract new clients to register with a sportsbook.
👍Risk-free bets
A risk-free bet is an offer where an online sportsbook allows bettors to place bets without incurring any inherent risk. Instead of giving a bettor cash, the sportsbook gives them the chance to place a bet of a specified amount. Before a player can get a risk-free bet, they have to take a loss at the sportsbook. For example, if the sportsbook gives out a $100 risk-free bet, it means that you first have to wager up to $100 using your own money. If the bet settles at a win, you do not get this offer. However, if you lose, you will receive a free bet that is equal to the amount of money you spent on the initial bet.
🧧No Deposit bonuses
No-deposit bonuses are quite rare in the online betting sector. They are usually free of charge. Bettors do not need to deposit any funds into their betting accounts or make qualifying bets. No-deposit bonuses are commonly given as part of a welcome offer. However, they can also be given as incentives for existing clients to encourage them to keep betting or renew their interest in betting via the sportsbook.
💳Cashback Bonuses
A cashback bonus is a betting offer where an online sportsbook gives bettors back a certain percentage of their losses. This bonus is usually given in the form of cash, as the name suggests. For example, a sportsbook may offer a 30% cashback offer for losses incurred during a specific 24-hour period or a week.
A cashback bonus is not given in the form of free bets or site credit. This means that the cash can be spent in whichever way a client desires and then withdrawn when withdrawal conditions are met. For this reason, cashback bonuses are quite rare.
🧿Parlay insurance
A parlay is a bet that consists of multiple sections since they deal with the outcome of more than a single event. This type of bet is known for being very high-risk but also very high-rewarding. This is because this type of bet is only profitable if you get all selections of a bet right. For example, if the bet has 50 selections, and you only get 49, you will still lose because of that single loss. So, a parlay insurance helps reduce some of the risk involved with placing parlay bets. Thanks to a parlay insurance, bettors can get back a partial refund if one selection or leg messes up a parlay bet. However, it is worth mentioning that every sportsbook offering this type of bonus may have unique rules concerning the insurance.
💵Boosted Odds
Boosted odds are like discount or sale prices. For a specified amount of time, a sportsbook may offer original odds at better odds in the name of boosted odds. In simpler terms, a boosted odd enhances your winnings by increasing your betting ticket. The bonus is usually attached to less popular betting markets or sports. This means less risk for the same reward or the more reward for the same risk, depending on how you look at them.
Remember to any existing customers of betting sites to gamble responsibly!
🎫Deposit match bonus
A deposit match bonus is quite similar to a casino reload bonus. The key difference between the two types is that a deposit bonus usually targets new clients while a reload bonus targets existing ones. Like a reload bonus, a deposit match offer is when an online sportsbook gives clients a percentage of the money they have deposited up to a specified amount. It usually applies to the first bonus at an online sportsbook.
❓Sports Betting Reload Bonuses FAQ
This is a type of betting bonus where a sportsbook gives awards clients with a percentage of the money they deposit into their betting account. This type of bonus targets existing clients that have already made at least one deposit with the online sportsbook.
Several reputable sportsbooks offer casino reload bonuses. You can get a reload bonus very easily by looking for a reliable sports betting site that offers such a bonus. However, make sure that the site is reputable, trustworthy, and legitimate. Also, consider the quality of the bonus.
Yes, you can use reload bonuses on mobile apps. However, this is only possible if the online sportsbook offers a mobile app and gives its mobile players the same bonuses as its desktop players. Thanks to modern technology, mobile gamblers can experience the same betting experience as desktop bettors. Therefore, they can place wagers on mobile apps using reload bonuses.
Yes, depending on the betting site offering the bonus, reload bonuses may have minimum requirements attached to them. The minimum requirements may include minimum deposit amounts, min bets, or min withdrawal amounts. You can check out this information in the bonus T&Cs.
You can use reload bonuses as often as you want, depending on how often the site you are betting at offers this kind of bonus. If there are regular reload bonuses at your disposal, and you meet all the conditions, then you can take advantage of them as often as possible.
Reload bonuses only target existing bettors. These are bettors that have already made at least one deposit with the online sportsbook. They do not target new clients because of the term “reload,” which means to add funds into your betting account.