Sportsbook Sign-Up Bonuses
With online sports betting gaining regulatory status in the USA, new and established sportsbooks are competing for new customers with bonuses, promotions, and other incentives. However, not all sign-up bonuses are created equal, and you should always read the terms and conditions carefully before accepting any offers. Sign-up bonuses can come in the form of free bets, deposit matches, or bet credits. You should also understand how a risk-free bet works to increase your bankroll.
Bets on non-sports events with a sportsbook
A sportsbook can be a great place to find non-sports wagering opportunities. With a wide selection of events to choose from, there is sure to be something for anyone. For example, you can bet on anything from the Oscars to political elections. Even TV sitcoms are available to bet on. In addition to the usual sports, sportsbooks have prop bets on everything from weather to award ceremonies.
Over/Under bets on total points scored in an event with a sportsbook
When you bet on a game with a sportsbook, you can place an Over/Under wager on the total number of points scored by both teams. If the combined total is greater than or equal to 45 points, you win. If it is less, you lose.
Over/Under betting on total points scored is a betting strategy that is popular in most team sports. It involves adding up two teams’ scores. Using a calculator or a specialized online calculator, you can figure out the total. A team wins if their final score is higher than the total score of the game. If the total is below that number, they lose.
Even-money bets at a sportsbook
Even-money bets are bets at a sportsbook that pay the same amount whether the team wins or loses. A popular bet type is the pick ’em game, where the two teams are equally priced. In a pick ’em game, the wager amounts are both equal (+100).
This type of wager allows bettors to lock in their profit early, before the event begins. The difference between an even-money bet and an exacta is that an even-money bet is listed as +100 or -100 at the sportsbook. Unlike other types of bets, even-money wagers at a sportsbook will not incur vigorish. However, there are a few things to keep in mind when placing your bets.
First-deposit bonuses at a sportsbook
First-deposit bonuses at a sportbook are often free bets that you can use to test the waters. These are typically offered at no cost and will match up to $50 of your deposit. These are great for newcomers to sports betting, but they are not always offered without restrictions. In some cases, you may have to make a deposit before you can claim the bonus, and in others, you must place a minimum amount of bets.
You should always read the terms and conditions of any sportsbook’s deposit bonus. Even though this is a tedious process, it is necessary for making a wise decision.
Kelly Criterion bankroll management strategy
The Kelly Criterion sportsbook bankroll management formula is a useful tool to help you decide how much of your bankroll to bet on sports bets. The strategy requires you to enter a certain percentage of your bankroll and a length of time for which you wish to place bets. The goal is to win more than you lose over a certain time frame.
The Kelly Criterion states that you should wager about 5% of your bankroll for each bet, which gives you the maximum wealth expectation. However, if you want to play with a larger bankroll, you can use the 1.5x Kelly Criterion strategy to bet more money.