Sign up to Bovada Sports and receive up to $250 in free sports bets.
Bovada Sports Betting Review & Free Bet Welcome Bonus
Bovada is basically the US-facing version of mega-gaming brand Bodog. While the Bovada brand has been in operation since 2011, the management team has been in the industry for a very long time, operating the incredibly successful Bodog brand of online gaming and sports wagering since 1994.
Bovada provides three core online services: a casino, poker room and sportsbook. Bovada Sports is the most popular online bookmaker among U.S. bettors. It delivers the reputation of Bodog with the services and attention that US bettors demand.
Why should I place my sports bets at Bovada Sports?
- First of all, Bovada is probably the most popular and reputable online betting operation available to US players. With a single account, you can place all your sports bets, but also play in the Bovada Casino or the Bovada Poker room.
- Most importantly, Bovada provides up to $250 in free bets to all new sports bettors! Open a new account at Bovada Sports and deposit $500, and Bovada will match that deposit by 50% for up to a $250 free bet! No bonus code or special coupon required.
- Amazing range of sporting events and contests available to bet on updated constantly. You will find the latest Vegas odds at Bovada.
Bovada Sports Free Bet Explained
There is a lot of confusion surrounding this Bovada welcome “bonus” which we’ll try to explain here.
First off, at Bovada, there is a difference between the terms “free bet” and “bonus” – these are two completely different things.
A new player joining Bovada Sports receives a 50% “free bet”. If you deposit $500, you would receive $250 in free bet(s). Let’s say you place the $250 free bet on a 1:1 odds bet and win. You DO NOT get to keep the original risk amount or wager. That $250 free bet has been used and disappears.
The $250 that you’ve won becomes the amount of “bonus” you have. You will now have a bonus balance of $250 and a real money balance of $500.
The Bovada Sports bonus CANNOT itself be withdrawn, but it can be wagered and any resulting winnings are, of course, yours to withdraw and keep.
All bonuses claimed through the sportsbook have a 3x rollover requirement on the sum of the bonus and the deposit amounts before you can process any withdrawals. In our scenario above depositing $500, winning the free bet, and now sitting with $250 in the bonus account, you’d have to wager a total of $2,250 ( ($500 + $250) x 3 ) before you can make a withdrawal.
Here’s an area where a lot of bettors get confused. The 3x rollover requirement – which is quite low making this an excellent offer btw – is applied to the DEPOSIT amount and the BONUS amount.
It is NOT applied to the FREE BET amount – which is what you get when you first join Bovada.
Remember, there is a difference. At Bovada, the free bet is not a bonus. The free bet DETERMINES your bonus. When people post in forums or blogs and use these terms interchangeably, they are inevitably going to get themselves confused and confuse everyone reading their mess.
When Bovada says that “winnings” are not included in the wagering requirements, THAT IS ABSOLUTELY TRUE.
Understand the terminology! To simplify, let’s say I deposited $20, received my $10 free bet, and wagered that on a 10 to 1 bet, and won. This event can be described two ways, one is correct and one is total fail:
Correct Bovada Terminology
I have won my $10 free bet, and so have earned a $100 bonus. This $100 is not “winnings”, this is my “bonus”.
The person who is likely to get confused and upset with Bovada’s rules uses this terminology to describe the same event:
Total Fail at Bovada Terminology
I won my $10 bonus bet, and now have $100 of winnings. Only my $10 bonus should be subjected to wagering requirements, not my $100 of winnings… FAIL!
So this leads to an important point. Don’t use that $10 free bet on a longshot unless you’re willing to wager 3x that amount (plus the deposit)!!
Note that making ANY withdrawal prior to meeting the rollover requirements will void the bonus, AND the winnings from your bonus, AND they will charge you for the amount of the free bet!!!
See what just happened there? That free bet is only free if you MEET THE ROLLOVER REQUIREMENTS!