Sportsbook Rewards & Loyalty Programs
Written by: Daniel Collins
Last Updated: Mon Sep 02, 2024, 13:53 PM
Read Time: 5 minutes
The gambling industry is crowded with operators, and each is competing for the business of every potential gambler out there. Sportsbook bonuses are one of the main perks online betting sites use to attract and retain bettors. Also, many sites offer sportsbook loyalty and VIP programs.
On this page, we look at loyalty programs and other rewards that bettors can take advantage of at their favorite betting sites.
What Are Sportsbook Loyalty Programs?
Many sites offer loyalty points to players who are wagering real money.
These points are a factor of the amount of money being gambled, and when the total reaches a benchmark number, they can usually be cashed in for some type of reward.
This is yet another way to squeeze a few more pennies out of every dollar you spend. It may not seem like a lot in the moment, but if you are bet regularly, it can add up.
The main thing to remember with sportsbook loyalty programs is that points tend to have expiration dates. With that in mind, we always recommend you keep track of your points and when they may expire so you can use them in a timely manner.
Types of Rewards Available with Sportsbook Loyalty Programs
There are many rewards offered for accruing points with sportsbook loyalty programs.
Let’s look at a couple of the main categories of rewards.
Free Bets
Free bets are what they sound like – a chance to make a bet without your money. Some of these free bets can be on a particular game, such as a big NFL or college football game. Or they can be limited to side (moneyline and spread bets) and total (over/under bets) that don’t exceed a certain number.
There are typically lots of rules around these bets, especially when it comes to cashing out any money you make from them.
The terms and conditions of each site will clearly outline how these free bets are to be handled, and while there can be a lot of hoops to jump through for players, the bottom line is that these bets don’t cost you any of your own money.
Higher Deposit Bonuses
Higher deposit bonuses are another perk you can potentially access by reaching certain reward tiers with sportsbook loyalty programs.
These bonuses can be different from the sportsbook offers listed elsewhere on the site, and these bonuses can sometimes include higher percentages, lower rollover, or some other special twist.
As with any other bonus, look at any terms and conditions mentioned, and if the terms and conditions are not explicitly mentioned, talk to customer support to get clarification.
Are Sportsbook Loyalty and VIP Programs Worth It?
Perks like sportsbook loyalty programs help enhance the value of your deposits and provide incentive to bet on a regular basis.
If you manage your bankroll properly and take advantage of the rewards being offered by sports betting sites, you can have a much larger balance in your account than if you choose not to take part in any of these programs.
Also, many of these sportsbook loyalty programs offer status tiers, and if you are a frequent bettor, you can move into higher tiers over time. As you move through the tiers, you may gain access to added perks or attain VIP status.
Some of those added perks can include higher bonuses, more points per bet, free bets or free casino spins, or contest entries.
So, if you plan to stick with a sports betting site long term, it could pay major dividends for you.
When you factor in the better redemption rates for loyalty points, higher bonus percentages, and exclusive offers for reaching higher reward tiers or VIP status, these sportsbook loyalty programs are definitely worth the effort needed to reach the different status levels.
It is obviously the goal of every gambler to end up in the win column. However, the odds are stacked against you no matter what you bet on. There is a reason why breaking even is a major achievement for sports bettors.
One way to affect your bottom line is to take full advantage of all the rewards a site offers. Between sportsbook bonuses and loyalty programs, you can move the needle a bit more in your favor. And in the long run, having that extra cash in your account will at the very least extend your playing time without having to make a new deposit.
Best Sites for Sportsbook Loyalty Programs
Sportsbook loyalty programs are not offered universally. For example, some betting sites offer significant bonuses or other perks instead.
But many of the best U.S. betting sites offer both bonuses and loyalty programs, including these sites:
All of these sports betting sites are well-known, so there is a good chance you may already have an account with at least one or two of them. However, if you do not, we recommend checking out our sportsbook reviews to learn about them.
Do note that some of these programs may not be offered automatically. In some instances, a certain amount of activity must happen to gain access to a loyalty program.
Other Sports Betting Information
Did you find our guide to sportsbook loyalty programs helpful? Along with the daily sports betting news and views we offer, we also provide many guides that break down the basics of sports betting. That includes how to bet on specific sports, leagues, and events, types of bets (such as prop bets or futures bets), betting strategies and terms, and more.
Here are some of the other betting guides you can find at Betting News:
- NFL Betting Guide
- NBA Betting Guide
- MLB Betting Guide
- NHL Betting Guide
- College Football Betting Guide
- College Basketball Betting Guide
- WNBA Betting Guide
- NASCAR Betting Guide
- Super Bowl Betting Guide
- Over/Under Betting Explained
- When Should You Hedge Your Bets?
- How to Read Sports Betting Odds
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