A good sportsbook will give you a free bet if you sign up for their website. This bonus offer is the most common in the US market and gives the sportsbook an incentive to make new customers. If you place a bet but lose it, the sportsbook will return your money in a variety of ways, including site credit, a free bet, or bonus cash. Typically, the risk-free bet will be equivalent to the first wager you place with the sportsbook.
Sportsbook sign-up bonuses are designed to encourage new users to place bets on a particular sports team. The bonuses vary in amount and are typically valid for a specified period of time. Typically, sign-up bonuses will expire once the specified amount of money has been wagered, but some sportsbooks also have deposit bonus requirements.
Sportsbook sign-up bonuses can come in two varieties: risk-free bets and deposit match bonuses. The first type is more generous and is often accompanied by a no-risk bet. The second type is more conservative and involves matching your deposit amount. Both deposit bonuses may have a maximum deposit amount and play-through requirements, and they both require a promo code to be activated.