How To Search For The Best Betting Bonuses On The Market

What Are the Best Betting Bonuses in 2023?

There are so many betting sites in the US – and the number is growing each day. How do you choose the best bet bonus, then? The only solution is to compare all the best betting sites in the US. Don’t worry, though, because we’ve taken care of this brutal effort. So, sit back and relax because now it’s time to simply choose one or more sites from the ones we are about to mention below – or you can go ahead and choose from the entire list. 

To evaluate the best bonuses we considered not only the amount, but also how easy it really is to turn these betting bonuses into real money, as well as the minimum bet required, the time limit, and the available markets. Here’s a brief glimpse into the three best bonuses in the US that are currently active: 

BetMGM 

$1,000 Pay Back in Bonus Bets 

You can forget momentarily about the legalization of sports betting in the USA, because BetMGM was a household name for decades – meaning that it’s not just a new and shiny betting site. In fact, BetMGM is so dominant within the US betting industry that the site is currently represented by one of the most famous actors on the planet: Jamie Foxx. 

As far as bonuses are concerned, BetMGM simply bursts with an onslaught of bet bonuses. Depending obviously on where you are, you can have bonuses tailored to local events and teams. Nevertheless, just take a look at the first $1,000 paid back offer in bonus bets, in case you don’t win your bet – which is amazing. 

Caesars 

$1,250 Welcome Bonus (or Even Up to $3,000 in NY!) 

For over ten years now, we have been celebrating a betting site that in real life has spread from the legendary Las Vegas strip to the craziest nights of Atlantic City. Caesars opened its virtual doors as a sports betting site and online casino in 2013. Since then, its Roman digital empire has sprawled across the states, currently offering a first deposit match up to $1,250. However, not all states offer this appealing bet bonus, as some have decided to modify it a bit, such as Maryland making it $1,500, New York up to $3,000 or Pennsylvania as high as $500. 

To meet the main bonus conditions, you’re required to make a minimum deposit of $20 and meet the 1x wagering requirements – no matter what US state you are in. This and much more is why many consider Caesars to be the best bet bonus site in the US. 

DraftKings 

$1,000 Deposit Bonus + $150 in Bonus Bets 

DraftKings did not want to be left behind when it came to offering bonus and sports betting action. The betting site famous for hosting celebrities like Kevin Hart closes our top 3 best betting bonus sites – without envying the other two. 

Instead of specializing as much as BetMGM in the different states where betting is legalized, DraftKings has chosen to give all new customers a deposit bonus up to $1,000. This is a 20% welcome bonus to get straight into the sports betting action. Then there is also the possibility to get $150 in bonus bets, just by making a $5+ bet. Of course, the bonuses extend even further – although DraftKings’ specialty are special features such as profit boosts or the stepped up sam game parlay. 

What Kinds of Betting Bonuses Are There?

There are different types of betting bonuses. First of all, there are promotions for new customers and promotions for existing customers. New bettors and users can get welcome bonuses, with and without deposit, while those who are already customers can count on recurring promotions – such as free bets, reload bonuses, and so on. 

Below, we list all the main types of betting bonuses with a brief description. 

Betting Bonuses for New Customers 

No Deposit Bonuses 

New customers are often entitled to a no deposit bonus, which is extra credit that can be used to place bets. This type of bonus has different rules, mainly because it’s quite unique.. 

For example, it cannot be withdrawn right away but must be played to withdraw the winnings – which can be quite often, in fact. This rule is called “wagering requirements”. Also, for bets made with the bonus, you usually have to choose events with certain minimum odds. 

First Deposit Bonus 

It’s a bonus calculated on the amount of the first deposit. It is generally presented with a percentage, such as “100% up to $100.” In this case, it means that you get a bonus equal to 100% of your deposit up to a maximum of $100. 

The deposit bonus can be even higher than 100%. For example, a bonus of 200% means that a bonus equal to twice the amount deposited is offered. 

The wagering requirement also applies to the first deposit bonus, so to turn it into a real bonus, bets must be generated a certain number of times. 

Cashback Bonus 

Very often instead of a deposit or no deposit bonus, bookmakers offer a loss refund bonus, known within the industry as cashback bonus. Basically, a certain amount is offered as a bonus, which goes to provide a refund for any losses on the first bet. In this way, bettors might get a free bet back to keep on betting on the site. 

Booster Bonus 

This is a bonus that comes with increased odds for certain events. Basically, it offers a chance to win more than normal in the case of a winning bet. 

For example, for an event where the 1X2s are 1.5 – 2.5 – 4 with the increased odds might be 2.5 – 4 – 6. 

No Wagering Bonus 

Unlike the cashback bonus, the no wagering bonus totally excludes risk, offering the player the chance to bet carefree and with more disinhibition, mainly because every bet can be instantly turned into real money. 

Bonus for Existing Customers 

It’s important that the perks of a bet bonus benefits not only new customers, but also those who have already signed up. A bookmaker should always keep the interest of its customers alive, stimulate them, enthuse them and never disappoint them. 

Therefore, betting bonuses for existing customers are always attractive, especially at the best betting sites. 

Multiple Bonus 

This is the most popular and widely used bonus for already registered customers. Basically, for each card, past a certain number of events entered, you get a progressive bonus to the number of events. Generally with this bonus you can get a winnings increased by a certain percentage from 5 events and up. Some sites allow you to get extra winnings very much equal to 200-300% of the initial winnings value, even with numerous events (e.g., up to 20). 

Bonuses Associated with a Particular Event/Match 

There are bonuses that are associated with a particular event, match, or game. These bonuses can be quite diverse, with famous ones being increased odds, or the possibility of extra winnings if a certain condition is met – for example, if there is a penalty, if there is a goal on a free kick, and so on. 

Choosing the Right Betting Site & Promotions

Wondering which betting site is the right one? Do not make the mistake of simply looking only at the highest bonus. In fact, it often occurs that the higher the bonus, the harsher the conditions are to redeem it entirely – that is, to turn it into real money with winnings. 

If you are interested in a betting bonus that is easy to turn, then you should choose a bookmaker that offers a very low wagering requirement. For example, 1x to 3x. 

If, on the other hand, you are interested in a high betting bonus, look for the highest bonus among the best betting bonuses on our list, while also taking a look at the other details: wagering requirements and minimum bets. 

Again, you might be interested in the markets and even time limits. For example, a particular sport or a particular category. Not all bookmakers allow you to bet on specific College teams. Fewer still do so during less relevant times of the season. 

You might be interested in the odds, and then the best site for you is the one with the generally higher ones. In technical language, this is referred to as payout. This varies from game to game, but averages can be made based on the type of sport. 

When evaluating a bookmaker’s site and the betting bonuses it offers, you need to think about yourself and ask yourself what you want. A betting site should roll out the red carpet for you when you arrive. Many of the sports betting sites and casinos we have included in our rankings do just that. The score is based just on their overall quality on how well they treat their customers, new and existing members. 

How Slotjava Compares Bonus Bets

We at Slotjava.com have a lot of experience in the field of betting, as well as slot machines and casinos. This means we know how to spot good betting bonuses versus “so-so” bonuses. 

To evaluate betting bonuses, we rely on numerous factors including 3 very important ones: 

1. Easy bonus redemption and turning it into real money 

2. Minimum odds of the events on which to bet with the bonus money 

3. Bonus amount 

So, quality first and only then quantity. As we also said before, a betting bonus may be very high, but if you can’t use it, what’s the point? The beauty of the bonus is precisely when it can create added value: more plays, more winnings, and more fun. 

In addition to these 3 factors, there are many others that collectively add up to a more complete picture. For example, one can consider the deadline to use a promotion. This means the time one has to use the betting bonus from the moment it is received. On top of that, we consider the iGaming competition in the US and see how a particular bet bonus ranks compared to others in the same market.