The sports betting market in the US is highly competitive as lots of companies try to grab a slice of the new and expanding market. Every day thousands of new players sign up to bet on their favorite sports like the WNBA. Sportsbooks offer generous welcome bonuses to entice people to join. The kinds of bonuses vary from sportsbook to sportsbook but essentially always give bettors a boost for their betting. Existing customers will also find boosts available to keep them committed to a sportsbook.
Very quickly, you can turn that into a boost for your bankroll. With so many offers available from so many sources, it can be hard to keep track of what is what. To help with that, our experts have put together a guide explaining some of the most common bonuses you are likely to see at a sportsbook and how you can use them to boost your WNBA betting.
Welcome Bonuses
These offers are only available to those signing up with a sportsbook for the first time. Sportsbooks are very keen for customers to use these, so they are usually effortless to find.
Free Bet Offers
This is one of the most straightforward offers available, where the sportsbook will be offering a set amount of free bet credit as part of its sign-up. When you sign-up and fulfill the sportsbook’s requirements, you will be eligible to receive this. Once you do, you will be able to use the free bet on WNBA markets like parlays, moneylines, and more.
There is sometimes a minimum deposit or set amount you have to add to your account to receive these promotions. However, you do not have to stake that deposited money and can use your free bet funds instead.
Risk-Free Bet Offers
The first bet you place at the sportsbook will be refunded if it loses with a risk-free bet. If it wins, you keep your payout, but if not, this is something nice to fall back on.
The terms of these offers will vary between sportsbooks, but often that guarantee of a return is 100% of your bet. How that money is returned can vary. It may be as a free bet or as cash. There will also be an upper limit on how much of your initial stake can be returned. This is an excellent offer for those who already know they want to start placing WNBA bets but just want some insurance.
Deposit Bonuses
This offer is very similar to a free bet offer, except your reward is not predetermined. Instead, the sportsbook will offer to match your first deposit with a percentage. There will be minimum and maximum deposit amounts attached to these rewards, but they offer the best chance to spend big money on WNBA betting.
For example, say a sportsbook offers new customers a 100% match on deposits up to $600. Essentially anything you deposit, the sportsbook will double. If you deposit $300, you’ll get $600. If you deposit $700, you will only get $600 in bonus funds. Remember, you can only be rewarded up to the promotion cap.
Ongoing Bonuses
These bonuses can be redeemed by all players signed up with a sportsbook. You will find them on the promotions page.
Parlay Insurance
WNBA parlays are some of the most enjoyable bets you can place with a sportsbook. Instead of betting on just one market, you can combine multiple markets (legs) into a single wager. These bets give you greater rewards than just betting on each market individually, but the whole bet is a loss if one leg is incorrect.
Some sportsbooks will offer you parlay insurance if only one of your legs fails on your WNBA bet. This can be in the form of returning your stake, although there are usually upper restrictions on the value of those returns. Other times you will be given free bet funds.
Odds Boosts
When you redeem this bonus, you will be given a chance to boost the odds on a certain market. Typically you will see WNBA parlay boosts that give you even larger payouts for your correct bets.
Bonuses at Legal US Sportsbooks
Most legal US sportsbooks will offer you some kind of bonus, whether for signing up for the first time or being a regular customer. The intense market that has brought these bonuses on was created in 2018 when the US Supreme Court struck down the PASPA. Since then, states have been legalizing online sports betting and rapidly developing new markets.
If you want to redeem a sportsbook bonus to use on the WNBA, you need to visit a state where online sports betting is legalized. As long as you are of the legal gambling age for that state, all you have to do is download a sportsbook app, and you can redeem bonuses to use on WNBA betting.
