What is a Deposit Match Sportsbook Bonus? How the Promo Offer Works
When searching for sportsbook promo codes, you might come across a deposit bonus or match offer. How do they work? Let's break down the difference.
DraftKings Promo Code
FanDuel Promo and Offer
bet365 Promo and Offer
What is a Deposit Match Offer?
A deposit match is an extremely common offer in online sports betting. This type of offer is when a sportsbook will match a percentage of your first deposit. It might be a 10%, 25%, or even a 100% deposit match. Check out some examples below.
| Offer | Deposit Amount | Bonus Funds |
|---|---|---|
| 25% Deposit Match | $1,000 | $250 |
| 50% Deposit Match | $1,000 | $500 |
| 100% Deposit Match | $1,000 | $1,000 |
The benefit of a deposit match is that you can earn more based on how much you deposit. With the amount being a percentage, you can take advantage of making a larger deposit.
Deposit Match Offers Have a Maximum
Most deposit match bonuses will come with a maximum amount that you can earn. For example, you might see a 50% deposit bonus up to $1,000. That means the most you can deposit to earn the offer would be $2,000. That would earn you $1,000 in bonus funds in this case.
What About a Deposit Bonus?
A deposit bonus is a similar concept, but usually it is a set amount of bonus funds that you get for making at least a minimum deposit. For example, you might see a sportsbook run a deposit bonus of $50 if you make at least a $100 deposit. So a deposit of $100, $200, $300, etc. will score $50.
Deposit Matches and Bonuses Apply to First Deposit
A deposit match or bonus usually only applies to your first deposit with a sportsbook. It is common for this type of promotion to be a welcome offer for new users. It's a way for sportsbooks to get new bettors to make larger deposits when signing up.
Offers Come with Rollover Requirement
This is the big thing to remember. Deposit bonuses and matches almost always come with a rollover requirement. This means that you have to wager a certain amount of money to unlock those funds for withdrawals. It might be 10x or more. This is why you should always read the terms and conditions before claiming a sportsbook offer.
Can I Withdraw My Deposit Bonus?
No. You cannot withdraw the bonus funds that you earn from a deposit bonus. This protects the sportsbook from users signing up, making a deposit, and immediately withdrawing the money. You need to hit the rollover requirement by placing wagers before you can get the money.
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