After they select the wager, the betting slip will appear and provide an option to either place the wager with the bet credit or deposited funds. Then, the next time the customer selects a wager, the betting slip will provide an option to place the bet with deposited funds or bet credits.įor example, a customer with a $100 bet credit can log in to their sports betting app and browse the lines to find a wager they want to place. Typically, sportsbooks issue bet credits to customers by adding them as an option on the betting slip.

If it wins, you can withdraw your winnings.

After receiving your bet credit, use it to place a wager on any sport.

Most only issue bet credits if you place your first wager and it loses.

Some sportsbooks offer the bet credit immediately after your first deposit.Log in and visit the cashier to fund your account.You select an online sportsbook and sign up for an account.bonus bets) are straightforward because online sportsbooks usually allow customers to use them on any sport and most markets.Ĭlaiming a bet credit promotion usually goes like this: A bonus bet isn’t free money, but it can still be a good deal for someone who was already planning to bet on sports online. The best way to think of bonus bets is as rewards sportsbooks offer in exchange for bettors signing up for accounts, making deposits, and placing cash wagers.

Even no-deposit registration bonuses typically require new customers to place X amount of wagers before allowing withdrawals. However, customers almost always have to place wagers or make deposits to claim bonus bets, so it’s inaccurate to call them “free” or “risk-free.”Įditor’s Note: A good rule of thumb is that all bonus bets, bet credits, and similar offers incur risk in one way or another at some point. In other words, bonus bets let bettors place wagers without using their own money. Tips for Maximizing Value with Bonus Betsīonus bets are a form of sportsbook site credit that customers can use to place wagers and win real money.

Best way to bet on sports online