Online sportsbooks offer real money free bonus as an incentive for players to deposit and gamble with them. These bonuses are also known as free bets, sign-up offers, welcome bonuses, risk-free bets, or insurance bets and they are a great way to get started with legal US gambling. The online sportsbooks also use these promotions to keep existing customers engaged and betting.
To claim a bonus bet you must open an account with the sportsbook and provide some key personal details. This includes your full name, date of birth, home address and telephone number. You may also need to provide proof of identity and a copy of your driver’s license or passport. It is important to check the terms and conditions to find out exactly what information you must provide to claim your bonus. In some cases you will need to enter a promo code to trigger the bonus bet.
Match bonuses are the most common type of free bets offered at online casinos and sportsbooks. These are usually a percentage of the amount you deposit, and they can be worth up to $100 or more. This is a great way to boost your playing bankroll, but you should know that the bonus funds must be wagered a certain number of times before they can be withdrawn.
A deposit match bonus is a great way to increase your chances of winning, and it can be used on any market. It is important to note that the terms and conditions for this type of free bet are often much more strict than other bonus types. There are a lot of things to consider, so you should always read the fine print carefully.
The best way to maximize a free bet is by placing a wager that is likely to lose. This will allow you to cover the initial loss with the bonus, and then you can try again on your next bet. If you have the discipline to follow this strategy, you can win big with the help of bonus bets.
Some sportsbooks only offer one type of free bet, while others have multiple promotions that can make it easier to win. For example, FanDuel offers free bet credits on losing wagers, the M Life Rewards program, Money Monday Club, and insurance bonuses. In addition, it has a number of other promotions that are designed to reward active bettors.
The type of bonus you choose will depend on your overall betting goals and budget. For instance, you might be more interested in a deposit match bonus than a risk-free bet. A risk-free bet has a monetary cap, while a deposit match bonus is usually capped at a lower monetary value. It is also common to see a time limit on claiming these free bets, so you should check the terms and conditions to find out what they are.