Qualifying Deposit Requirements
For just about any bonus, there will be a minimum deposit or bet requirement. It’s simply part of the system.
Luckily, these requirements tend to be small in monetary value (only $5 or $10), but the one thing you don’t want to do is fail to meet the minimum requirements. Then you put yourself at risk of missing out on your sign up bonus entirely.
Also known as playthrough requirements, this is the number of times you will need to bet your bonus money for it to be converted into real money that you can withdraw. Bet365 and BetRivers only require you to turnover your bonus once, making it quick and easy to convert your bonus to cash.
This is not unique to this type of bonus, but it is an element that you certainly need to familiarize yourself with so you’re not in for a nasty surprise if you need to fulfill a huge turnover requirement.
How your sportsbook allows you to divvy up your bonus is very important to determine its true value. While many deposit bonuses allow you to split your bonus cash into as many bets as your heart desires, some will try to force you into using your entire bonus on one bet, which significantly hurts your bonus’s value due to the increased risk.
This is the first thing you’ll see when signing up for your sportsbook. That big cash number the betting site throws at you to try to reel you in and become a customer.
While having a high potential value is important, bonuses with high monetary value often come with more strings attached. DraftKings Sportsbook has a very high potential value but comes with a lot of barriers to entry that make it a bit more difficult to reach that big number.
When assessing the true value of your bonus you need to analyze how realistic it is for you to reach the offer's highest possible value.