Sportsbook bonuses for existing users
There’s a world beyond sportsbook welcome and sign-up bonuses. Some of the best bonuses from betting sites are ongoing promotions, including profit boosts, odds boosts, and reload bonuses. Plus, registering with operators that offer the best sportsbook rewards programs in 2024 can help you score exclusive bonuses and promos, too. We’ve outlined several of the best sportsbook odds boosts and promos current bettors can claim during the ongoing 2024 MLB Playoffs:
Odds boosts
In sports betting terminology, a boosted odds bonus represents what it purports to be — a sportsbook bonus in which the value of odds on particular wagers has increased. These can occur regularly depending on the operator and include the likes of Over/Under (totals), moneyline, point spread, prop bets, and same-game parlays.
When a specific sportsbook market posts ‘boosted odds’, the line is more advantageous for the user on a seemingly surefire bet. For example, if the Buffalo Bills were playing the Houston Texans, and the line was set at +220 boosted odds for the Bills to win. If you’re looking for a profit boost, odds boosts fit the bill.
Given the likelihood of Buffalo beating Houston, regular odds would line up at -110 for the spread. Sportsbooks sometimes provide boosted odds for either a user reward or promotional purposes. We encourage players to take advantage of a boosted odds market when presented with the opportunity, as your odds of profiting will be more likely than usual.
Covers tip
Sportsbooks will almost always apply maximum and minimum stakes to boosted odds bets to ensure they won’t have to credit you with an enormous payout should you win your wager.
Reload bonuses
Some online sportsbooks offer their users reload bonuses, meaning they will receive additional site credit each time they replenish their account balance with real cash. Some reload bonuses are deposit matches, while others are bonus bets on specific markets.
For example, a sportsbook may award a $10 bet to any NFL market for every $50 of real cash deposited into an account balance. If it’s a deposit match reload bonus, they may offer to match up to 50% of a deposit during each reload transaction.
Reload bonuses are available exclusively to existing customers who have already received their sign-up bonuses. Sportsbooks will offer these ongoing promotions — frequently or less frequently, depending on the operator — to satiate their users by providing them with boosts to their bankrolls.
Much like many sign-up bonuses, reload bonuses usually come in the form of deposit matches and are activated by making a new deposit. But unlike sign-up bonuses, the match rates for reload bonuses tend to be low — typically 10-15%.
Referral bonuses
Sports betting sites are keen to attract new players and often reward existing customers for their recruitment efforts. Already registered players stand to earn a sportsbook referral bonus for any referrals, resulting in a sign-up and real money minimum deposit. Most sportsbooks give registered users a unique referral code that can be distributed amongst friends and family. If someone registers and enters a previously registered user’s referral code during sign-up, both parties will likely receive some kind of referral bonus.
Our pick for the top refer-a-friend bonus comes from FanDuel Sportsbook:
Up to $75 Referral Bonus
No code required
There’s a reason FanDuel is the top mobile app on many peoples’ lists. Among its accolades, the operator offers a strong refer-a-friend program. Send a referral link provided by FanDuel to your friend, have them sign up, and place a wager of $10 or more, and you’ll both be rewarded with $75 in site credit. There is a 10-person maximum referral limit per user.
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