What are Deposit Match bonuses and how do they work? Learn what betting sites offer the best Deposit Match Promos in our expert guide!
Deposit Match Sportsbook Bonuses
If you are looking for the best Deposit Match Bonuses for your sports betting, you’ve come to the right place!
What are Deposit Match Bonuses?
How to Claim a Deposit Match Bonus
Deposit Match Pros & Cons
Written by:
Editor-in-Chief
Fact checked by:
Content Officer
Last Updated:
Jan 16, 2025
21+. Bet Responsibly. Gambling problem? Call 1-800-GAMBLER.
100% Deposit Match up to $250
Active States
Review Claim Go to Desert Diamond Sports
Bet $5, Get $150 or
$1,000 First Bet Safety Net
Active States
Review Claim Go to bet365
Bet $5, Get $300 in Bonus Bets If Your Bet Wins
Active States
Review Claim Go to FanDuel Sportsbook
Bet $5, Win $200 in Bonus Bets
+ 3 Months of NBA League Pass
No minimum odds
Active States
Review Claim Go to DraftKings Sportsbook
Bet $20, Get $100
Active States
Review Claim Go to Borgata Online
Bet $5, Win $150 in Bonus Bets
Active States
Review Claim Go to Hard Rock Bet
20% Deposit Match up to $1000
No minimum odds
Active States
Review Claim Go to DraftKings Sportsbook
T&C Apply 21+. New customers only. Offer available in
AZ/CO/CT/IL/IN/IA/KS/KY/LA/MD/MI/NC/NJ/ NY/OH/PA/TN/VA/VT/WV/WY.
Minimum $5 deposit. Bonus amount is equal to 20% of the deposit amount, not to exceed $1,000. Bonus funds will be awarded following play-through requirement of 25x the bonus amount: eg every $25 played on DFS/Sportsbook/Casino will release $1 in bonus funds. Play-through requirement must be met 90 days from the first deposit to receive maximum bonus. Full T’s & C’s apply, visit DraftKings Sportsbook for details.
What is a Deposit Match Sportsbook Bonus?
Essentially doubling your initial deposit, these bonuses give you more funds to play with right from the start – without the need to place any qualifying bets.
Desert Diamond is known for offering some of the best Deposit Match bonuses
When you make your first deposit on a sportsbook platform, the operator will match a percentage of that deposit – often 100% – up to a certain deposit amount. For example, if you deposit $200 with a 100% match offer, you’ll receive an additional $200 in bonus bets, leaving you with a total of $400 to wager.
Deposit Match Bonuses are perfect for both newcomers looking to maximize their initial bankroll and seasoned bettors wanting to capitalize on extra funds to enhance their betting experience.
Are Deposit Match bonuses a dying breed?
Lewis Parker – Editor-in-Chief
If you read our list of the best Sportsbook Deposit bonuses above, you will have noticed there are only a few ongoing ‘deposit match’ bonuses right now. Unfortunately, this kind of bonus has fallen out of favor with betting sites as of late.
However, we have also included other similar bonuses that do not require you to bet a significant amount to unlock your deposit bonus – with these in many cases returning a bonus that is multiple times larger than your deposit amount.
These bonuses also have very low wagering requirements, making them a great option for players look to receive a bonus without much risk.
How do Deposit Match Bonuses work?
A Deposit Match promo is the most straightforward bonus to activate and enjoy, as it does not require any kind of qualifying bet.
After signing up with a betting site that offers a Deposit Match Bonus, all you need to do is make your first deposit for a qualifying amount. The sportsbook will then match your deposit with a bonus of the same amount.
Once the bonus funds are credited to your account – usually within a few minutes – you can start placing your bonus bets. Any winnings from these bets will become redeemable cash!
Important!
Perhaps the most important thing that not everyone will tell you, Bonus Bets will only pay out the winnings – they will not return the stake if they win.
If you place a $500 bonus bet on a -500 line and you win, you will only receive $100 back into your account, and your bonus bet itself will disappear.
While other bonus types like No Sweat Bets will only award you a bonus if your first bet loses, Deposit Match bonuses guarantee you extra funds to try out your luck and explore the platform. They offer a fantastic incentive to dive into the sportsbook with more confidence, knowing that you’ve got a bigger pool of funds to play with right from the get-go.
EXAMPLE OF A SPORTSBOOK DEPOSIT MATCH BONUS
You’ve signed up for a sportsbook offering a 100% Deposit Match Bonus up to $500 on your first deposit. Below are examples of how the bonus can be used and how winnings are paid out:
Scenario 1: Winning a Bonus Bet on an Underdog
- You deposit $500, and the sportsbook matches it, giving you an additional $500 in bonus bets. You now have $500 in real money and $500 in bonus bets to wager with.
- You place a $500 bonus bet on the Lakers to beat the Celtics at +150 odds, and they win.
- Your payout from this bet would be $750 (the $500 bonus bet does not return the stake, so you only receive the winnings). Your cash balance is now $1250.
Scenario 2: Winning a Bonus Bet on a Heavy Favorite
- You place the full $500 bonus bet on a heavy favorite—let’s say the Warriors at -1000 odds. The Warriors win, but because the odds are so low, your payout is only $50.
- Even though you won the bet, the $500 bonus bet is used up, and you only receive $50 in winnings. Your cash balance is now $550.
Scenario 3: Losing a Bet with Bonus Funds
- You place the full $500 bonus bet on the Lakers to beat the Celtics at +150 odds. Unfortunately, the Lakers lose.
- Since the bet was made with bonus funds and lost, there is no payout. Your original $500 deposit remains untouched, but the bonus funds are now gone.
As you can see, with a Deposit Match Bonus, the key to maximizing your return is to use the bonus bets strategically. We highly recommend betting on higher odds with this kind of bonus, as if you go with low odds the potential of your bonus will be much less.
https://mybettingsites.com/us/deposit-match-sportsbook-bonuses
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