First Deposit Bonus

Author: Steven D. Thompson

Updated: 20/11/2024 11:20 AM

Welcome bonuses are very enticing, and the best first deposit bonus betting sites have the most lucrative sign-up betting offers out there. A top-quality welcome offer can double your money and give you extra bet credits to place winning wagers. It can give you free bets and risk-free wagers and can make getting your hands on bonus money a breeze too. And luckily for you, we feature precisely these types of sign-up offers and online bookmakers rating. Read on to find out more about the best betting sites with welcome bonuses and how you can profit from them.

First Deposit Bonuses

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Betting Sites that Offer Deposit Bonus

In the end, with our list of betting offers, you can instantly find the best online welcome bonuses. These first deposit promos are among the most enticing in the industry and make your first sports bet much more lucrative. You won't make a mistake if you go with these betting providers and promos.

What is a Deposit Bonus?

A deposit bonus is a type of promotion that bookmakers have to incentivise new and existing customers. With it, an online bookmaker matches the deposit you make. Sometimes, a sportsbook will match 100% of your deposit, meaning you will play with twice as much money. Other times, however, a bookmaker will only equal 30% or 50% of your deposit. As a rule of thumb, most welcome promos match 100% or more of your first deposit. Reload bonus offers, on the other hand, usually match only a portion of your deposit.

Pros & Cons

Welcome promos are among the most enticing betting bonuses out there. As such, they are always great if you are looking to play with free money courtesy of the bookmaker. However, first deposit bonuses do come with a couple of drawbacks too. Here are all the pros & cons of first deposit promos.

Pros

More money to play with
Larger potential winnings
Can place riskier bets without putting your own money on the line
Welcome bonuses may include additional perks like free bets

Cons

Wagering requirements sometimes are too high
Can use only one first deposit bonus per bookmaker
Bonuses valid only for some time

Best First Deposit Bonuses by Category

Feature	Name
Best First Deposit	Mozzart
Best Welcome Offer	Betswap
Best Wagering	Betovo
Best Minimum Deposit	Betfoxx
Best Odds	Sportaza
Best Rating	10bet

First Deposit Bonus Alternatives

First deposit promos come in all shapes and sizes. They can be matched deposit bonus offers and include free bets, enhanced odds, risk-free wagers, etc. Let's look at all the first deposit bonus alternatives that you can find out there.

Free Bets in Sign-Up Offers

One of the most common first deposit alternatives that sports betting providers have is the free bet promo. When you trigger a free wager bonus, the bookmaker credits a free bet to your betting account instead of matching your deposit. Let's look at two free wager bonuses we found online to explain how they work.

Free Bet Sign-Up Offer: Bet £10 Get £20 in Free Bets (New customers only, Min deposit £10, Min odds 1.5, Free bets valid for 7 days, Payment method exclusions apply, Returns exclude Bet Credits stake, Free bets credited within 48 hours of bet settlement, No wagering, Full T&Cs apply);
Free Bet Sportsbook Bonus: Bet £10 Get £30 in Free Bets (£10 Min deposit, Minimum odds 1.5, Stake not returned, Free bets credited after settlement of first qualifying bet, Free bets expire in 7 days, 10x wagering the winnings from the free bet, Free bet max winnings - 30x free bet stake, Full T&Cs apply).

As you can see, free bet offers come with a lot of bonus conditions. That means you have to read their terms and conditions carefully before you trigger them.

For instance, free bet winnings are sometimes paid out in full, while other times, you get your winnings minus the free bet stake. Similarly, sometimes you earn free bets before you place a qualifying bet. Other times, though, you will get your free wagers only after the qualifying bet settlement. Lastly, some online betting sites put wagering requirements in their free bets, while others don't. If you want to get the best free bets, make sure you always read their terms and conditions.

Risk-Free Bet Welcome Offers

Risk-free bets are similar to first deposit free wager promos. As with free wager bonuses, sports betting providers give risk-free wagers to punters who sign-up with them and make a qualifying deposit. However, unlike regular free bets, bettors only get risk-free wager credits when their first qualifying bets lose. Let's look at an example we found online to show you how risk-free wagers work.

Deposit and Bet £10 and Get up to £100 in Bet Credits if Your First Bet Loses (Min deposit £10, 1.5 min odds, Risk-free bet credited when the qualifying bet is settled, Risk-free bet valid for 7 days, Max free bet £100, Free bet stakes not included in returns, Exchange bets excluded, System bets excluded, Full T&Cs apply).

As you can see, if you opt-in for the offer above, you can get your stake back if your first wager is a losing one. For instance, if you place a £10 wager and loses, the sports betting site will give you a £10 free bet to try your luck again. If you place a £50 wager and it isn't successful, the bookmaker will provide you with £50 in free bets.

Top 10 First Deposit Bonuses

Bookmaker	Bonus	Minimum Deposit
Mozzart	100% up to €100	€10
Royalfortune	100% up to €500	€20
Herake	100% up to €250	€20
Sportaza	100% up to €100	€10
31bet	100% up to €1000	€20
Betswap	100% up to 5000 USDT	€10
10bet	50% up to €50	€15
Winscore	100% up to €100	€10
Mr.play	100% up to €100	€10
Slotuna	100% up to €100	€20

Conclusion

If you are an enthusiastic punter who likes to get more out of that first deposit, you will enjoy first deposit bonuses. With an enticing welcome offer, you have a chance to double the money you play with and could win more as a result. But do remember to always play responsibly!

And it doesn't matter whether you are into football, basketball, or horse racing betting. You can use the bonus money bookmakers give you on any sport you fancy and make following your favourite competitions and teams much more exciting.

Choose from some of the best first deposit betting sites and get your hands on some of the most enticing bonuses in the industry.

Frequently Asked Questions

Which Betting Site has the Best Welcome Bonus?

The betting site with the best welcome bonus gives you many avenues to earn some bonus funds. It usually has sign-up bonus packages that consist of matched deposit bonuses and free bets and other rewards.

Which Betting Site Gives Bonuses?

Almost all betting sites have bonuses these days. However, only the best among them have lucrative promos that you can activate easily. These bookmakers are your best bets if you are looking for enticing sportsbook promos.

Which Betting Apps Give Free Bets?

Most bookmaker apps allow you to opt-in for and unlock free bets. However, they do this at different times. Some betting apps might give you a free bet as part of their first deposit promo. In contrast, others will credit a free bet offer when you reach a loyalty milestone or trigger a reload deposit bonus.

What is a First Deposit Bonus?

A first deposit promo is when the bookmaker matches your first deposit with some amount of bonus funds. Alternatively, a sportsbook can also give you free wagers and risk-free bets as part of the first deposit promo.