Many sportsbooks offer different kinds of promotions to attract new customers. These promotions can be in the form of Sign-up bonuses or no deposit bonus offers. Some also offer a variety of options, such as Alternate lines, which allows you to bet on events other than sports. This will help you maximize your revenue year-round.
Sign-up bonuses
Sign-up bonuses are a big draw to sportsbooks. Sometimes called Welcome Bonuses or Initial Deposit Bonuses, sign-up bonuses are given as incentives to join a sportsbook. They are designed to encourage players to stick around and bet consistently, and may include a wide variety of benefits.
No deposit bonuses
No deposit bonuses at sportsbooks are a great way to test out a new sportsbook. These bonuses typically offer free bets that can be used on any sport. To claim these free bets, players need to sign up and enter a special bonus code.
Alternate lines
Alternate lines in a sportsbook can help you increase your odds. You can also use them to create parlays. These bets combine more than one side with varying odds and pay off much higher. The payout depends on the amount of money you bet and the odds of the sides. Parlays are great ways to earn big profits.
Bets on non-sports events with a sportsbook
Many sportsbooks also offer bets on non-sports events. These are not as popular as traditional sports, but there are still plenty of betting opportunities. For example, you can bet on the winner of a beauty pageant or the first organization to land on Mars. Many sportsbooks will even offer prop bets on political events. In 2016, Donald Trump’s odds were juicy, with some sportsbooks listing him as a 7-to-1 underdog. The Oscars are another popular option and almost all sportsbooks offer Oscars prop bets.
Even-money sportsbooks
Even-money sportsbooks are an excellent way to make money from sports betting. They offer lower odds than traditional onshore sportsbooks and are more reliable. In addition, they do not have to report their profits to the IRS. They can operate online and offer competitive welcome bonuses. Some even accept PayPal.
Betting exchanges
Betting exchanges for sportsbooks operate much like traditional sportsbooks, but have lower overhead. They don’t employ in-house odds-making staff, so the costs of operating them are significantly lower. While all sportsbooks charge a commission on winning bets, a betting exchange typically charges less than two percent of your winnings. Some exchanges even offer no-commission accounts or free bets. However, they typically have limits on the amount of money you can win or lose, so you’ll want to read the fine print carefully before committing to a betting exchange.