However, sometimes a sportsbook will use gimmicks to exaggerate its sportsbook bonus package, thereby making gamblers believe they are receiving more of a sportsbook bonus than they really are. The two most common ways that a sportsbook bonus package will be exaggerated is with free plays and rollover requirements.
A sportsbook bonus is frequently offered in the form of a free play. Rather than giving a new sportsbook member, for example, a 20% signup sportsbook bonus, a sportsbook will give the new sportsbook member a 20% free play.
While a free play and a normal sportsbook bonus may seem the same, a free play is actually worth much less than a normal sportsbook bonus. This distinction in sportsbook bonus value can be easily illustrated with a basic example using Gambler A, who has been given a 20% sportsbook bonus on $500, and Gambler B, who has been given a 20% free play bonus on $500.
Imagine that both of these players risk their sportsbook bonus of $100 on a basic +100 wager and win that wager.
Gambler A will have his bankroll increased from $500 to $600 after receiving the 20% sportsbook bonus, and his bankroll will then increase to $700 after winning the $100 wager. Gambler B, on the other hand, will not receive the initial boost to his bankroll, which will simply be increased to $600 with the free play win.
As one can see, Gambler A’s initial bankroll has increased by $200, while Gambler B’s bankroll has increased by half of that -- $100. Consequently, every type of sportsbook bonus should not be seen as identical, as free plays are not nearly as valuable as normal sportsbook bonuses.
Sportsbooks also sometimes devalue their bonuses by instituting massive rollover requirements. A rollover requirement refers to the number of times a sportsbook bonus must be put into action before the bonus can be withdrawn.
For example, if Gambler A, who has deposited $500 and received a $100 sportsbook bonus, must rollover the sportsbook bonus three times then he must risk the sum of the original deposit and the sportsbook bonus three times. In this case, the sum of the two figures is $600, so the gambler must risk $1,800 before he can make a withdrawal with the bonus.
If the gambler elects to make a withdrawal before this point then he will simply lose the $100 bonus. This sportsbook bonus policy is obviously necessary, or gamblers would simply sign up, receive a bonus, make one small wager, and then withdraw all of the money.
However, sometimes sportsbooks deceive their members by instituting massive rollover requirements, such as ten time rollovers, which end up devaluing the bonuses considerably.