How to Identify the Sportsbook Promotion Type
Key Takeaways
Always read the Terms & Conditions of each promotion to ensure you properly understand it and use the correct Bet Finder on DarkHorse Odds. Many promotions have important restrictions (max bet, minimum odds, etc.) that can only be found by reading the T&C. Below is a quick overview of the most common promotions.
Site Credit: Credit from the sportsbook where the original bet amount (aka, the stake) is returned on a winning bet. Site Credit is often automatically applied and can be broken into multiple bets.
Bonus Bet: A bet you can place without using money from your bankroll. Unlike Site Credit the stake is not returned on a winning bet. Typically you have to select to use a Bonus Bet, and only some sportsbooks allow you to break them into multiple bets.
Second Chance Bet: A bet you place with your own money, but it is refunded if it loses. The refund is typically in the form of Site Credit or a Bonus Bet. This is the most common sign-up offer and is often automatically applied to your first wager. Always remember that converting a Second Chance Bet can be a one or two-step process.
Profit Boost: Your winnings are increased by a certain percentage. There is often a max bet and/or max additional winnings associated with it.
Bonus Voucher: Only a few Sportsbooks use these. SuperBook, and Sahara Bets for example. Your wager is split into two parts, cash and the Bonus Voucher. It is often a 50/50 split and only the winnings, not the stake, is returned from the Bonus Voucher portion of the wager.
Finding all of these offers on a daily basis can be a time intensive task. That is why DarkHorse Odds created the Promo Dashboard. The Promo Dashboard consolidates the promotions you want to see based on which sportsbooks you belong to. Saving you time and increasing your matched betting profits.
