You may be able to receive a sportsbook’s welcome bonus the moment you make your first deposit. Make sure you deposit enough money to qualify for the bonus and pick your first bet carefully. You may also be eligible for refunded losses, which can be a good way to take chances on underdogs.

Reload bonuses

Reload bonuses at sportsbooks allow customers to increase their winnings after a first deposit. These bonuses may come in the form of free bets or site credits. They are normally issued at specific odds and may have an expiration date. Some sportsbooks offer reload bonuses for only the first deposit, while others may only give you a free bet if you make your second deposit. Either way, reload bonuses are a great way to increase your bankroll.

Reload bonuses are often offered as part of welcome packages. They require registration with the sportsbook, and you will receive promotional emails in your account. Deposit methods vary depending on the sportsbook, but most accept credit card, eWallet, and wire transfer. Some sportsbooks also offer odds boosts, which increase payouts. This can be on a single game or series of games. The amount of the bonus can also be used on prop bets.

Spread bets

Spread bets at a sportsbook are wagers placed on the outcome of a sporting event. The idea behind them is to create a level playing field between teams, so that if you predict the correct outcome of a match, you can win money. You can place bets on the total number of goals scored or runs scored, or even the distance between the winner and the runner-up. These bets aim to give punters a profit on the difference between the teams.

There are several ways to start a sportsbook, such as renting hardware and software from a provider. However, be aware that the provider may increase its prices and change its terms of service. The sportsbook you choose should also offer competitive odds and a wide selection of sporting events. This will not only increase your profits, but will also draw in people who don’t normally follow the sport.

Risk-free bets

Risk-free sportsbook bets are a great way for new sportsbook customers to test out the waters. These bets can be worth anywhere from $100 to $2,000 depending on the terms and conditions. Typically, these bets are given as an incentive to keep customers in the sportsbook app or site and logged in. However, it’s important to note that the risk-free sportsbook bets will always have terms and conditions attached to them.

To take advantage of risk-free sportsbook bets, it’s important to know what you’re getting into. Most of these promos require a certain minimum odds. Usually, these are -150 odds. You’ll also find a time limit for these free bets, so don’t wait until the last minute to place your bets.

Minimum deposit required

In order to be eligible for a welcome bonus, you should know how much a sportsbook requires you to deposit. Some sportsbooks offer free bets as a way of attracting new clients. However, they will come with a rollover requirement. As long as the requirements are fair and reasonable, you should not have a problem using these welcome bonuses.

The minimum deposit amount varies between sportsbooks, but the standard is usually $10. However, some sportsbook sites allow you to deposit as little as $5. DraftKings is a great example of a sportsbook with a low minimum deposit requirement.