The best promos are given to new users of a sportsbook. The exact promo offer will vary by sportsbook but here is a rundown of the most common types you’ll find at the top betting sites.

Free Bets/No Deposit Bonus:

No-deposit bonuses are simple: you sign up to an account and on registration, you are given a free bet. You do not need to deposit but it is usually for new accounts only.

Risk-Free Bets:

With a risk-free bet, you have the chance to place a wager where if you lose you get credited back the amount you lost in the form of a free bet. They are essentially a bet where you can’t lose, e.g. you place a risk-free $20 bet on the Patriots to win but they lose, you get a $20 free bet.

Deposit/Match Bonus:

Matched Bonuses are usually on your first deposit only. It requires you to deposit and the sportsbook will match your deposit amount or a % of your deposit. There are typically playthrough requirements to release these bonuses. The best betting sites in Wyoming may start as low as a 1x playthrough requirement, but others can be as high as 50x. The latter makes the offer not as attractive because you will have to make a lot of bets before your bonus money is available to withdraw.

Reload Bonus:

Reload bonuses are offered from time to time. You re-deposit money into an already established account and get some form of site credit. It is usually in the form of a matched bonus.

Refer A Friend:

This is a bonus you get for referring a friend to register a new account with one of the sportsbooks or casinos. When they complete their account registration, make a deposit, or place their first bet you get credit to your account. The exact form of credit depends on your specific provider’s offer.

Insurance/Refund/Cashback:

Will be a refund/site credit on net losses or a % of net losses. These are usually subject to certain playthrough requirements and a specified timeframe.

Odds Boosts:

The player receives better odds for a particular sporting event.

Example: a boxer who is +120 to win a fight might be boosted to +140 on a particular site. This gives extra value to the bettor.

Loyalty/Bonus Programs:

Bonuses and VIP Awards are given when you play through a certain amount of money and are usually released in small increments. Some of the best sports betting sites in Wyoming may offer these VIP rewards in the form of tickets to sporting events for high volume/ high wagering bettors. Not all sportsbooks offer VIP Rewards.