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Thanks to the wide variety of sportsbooks on the internet, there are tons of different betting promotions and offers to take advantage of, one of which is the no deposit sports bonus.
What is a no deposit sports bonus? What are the rules and regulations of this type of promotion? And why should gamblers take advantage of these offers? Lucky for you, we answer those questions below.
What Are No Deposit Sports Bonuses?
Essentially, a no deposit sports bonus is a free bet that enables you to place a wager without having to add any funds to your sportsbook account.
All you need to do is find a bookmaker with a no deposit bonus offer, sign up to the site by entering a few personal details, and take advantage of your free bet.
Many bookmakers offer no deposit bonuses around major sporting events to attract new customers to their site, meaning you will likely find promotions for the Super Bowl, FIFA World Cup and other high- profile events.
However, all no deposit bonuses come with terms and conditions that you must adhere to. Now that you know what a no deposit sports bonus is, let’s go over the key rules surrounding these promotions.
No Deposit Sports Bonus Terms and Conditions
The first thing to note is that no deposit bonuses invariably have a minimum odds target. For example, the odds for your bet might have to exceed -200, making it slightly harder to win.
Bookmakers hand out minimum odds to ensure that they don’t lose out on too much money, or else they would get lots of new customers signing up and placing safe bets.
Another aspect to consider is the wagering requirement, which is the amount of money (typically a multiple of the original no deposit bonus) that you need to bet before you can withdraw cash from your account.
On top of that, you may also come across a maximum cashout. As the name suggests, this rule relates to the maximum amount of money you can win and withdraw via your bonus.
Why You Should Take Advantage of No Deposit Bonuses
At the end of the day, a no deposit bonus is free money, so why would you not want to take advantage of the offer? In fact, we recommend joining multiple reputable sportsbooks to access numerous promotions.
Although no deposit sports bonuses come with rules and requirements, you can still win money if you play your cards right. Plus, you can then win more money by using your bonus earnings to fund future wagers.
Furthermore, these offers can often broaden your betting horizons and lead you to wager on sports and events that you wouldn’t normally consider.
