Best Betting Welcome Bonuses

By Daniel Bennett on
Searching for the biggest welcome bonuses but don’t know where to start? Look no further. We’ve selected the top sports betting sites with the best welcome bonuses, to help you give your betting budget an extra boost.
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1. 22bet

Reviewed & verified by our team

"22bet offers punters hundreds of match markets on soccer matches and other global sports events; and competitive odds across the board."
18+. Full T&Cs apply. Please gamble responsibly.
2. 888 Sport

Reviewed & verified by our team

"Snap up a host of offers to enhance your punting pleasure and bet on rugby, cricket, and dozens of other sports on your mobile or PC with 888sport. "
18+. Full T&Cs apply. Please gamble responsibly.
3. Bet Regal

Reviewed & verified by our team

"Promising new betting operator looking to make its mark in New Zealand - brings a wide range of sports and betting options, plus top prices of major events."
18+. Full T&Cs apply. Please gamble responsibly.
4. Leo Vegas

Reviewed & verified by our team

"Jump from the first-class casino over to LeoVegas Sports for a mobile-first betting experience. Grab your Leo Boosts and enhance your payouts on your winning punts. "
18+. Full T&Cs apply. Please gamble responsibly.
5. Spin Sports

Reviewed & verified by our team

"International sportsbook design for the modern bettor. Offers a range of features, tools and promotions to add more value to your betting."
18+. Full T&Cs apply. Please gamble responsibly.
6. Unibet

Reviewed & verified by our team

"One of the best bookies for local and international horse racing, Unibet is a favoutire site for many punters. "
18+. Full T&Cs apply. Please gamble responsibly.
8. Betway Sports

Reviewed & verified by our team

"Betway is among the top online betting companies out there. It offers 1000s of markets and some mouth-watering promotions, including its popular free bet club."
18+. Full T&Cs apply. Please gamble responsibly.

With so many New Zealand sports betting sites out there, the industry is super competitive. This means sites are battling it out in a bid to gain new customers, and welcome bonuses are one of the prime tactics used for this. This is great news for bettors, as it means there are loads of great deals just waiting to be taken advantage of. Whether you want to bet on rugby, boxing or Formula 1, there’s a welcome bonus out there for you. But with such a vast choice, knowing which welcome bonus is right for you can be a little confusing. To help you out, we’ve got the rundown on everything you need to know about welcome bonuses at sports betting sites.

Types of welcome bonus

There are several different types of welcome bonuses on offer across the sports betting world, each offering you a different way to bet and win big on the house. Want to know which new customer deal is best for you? We’ve covered the most popular welcome bonuses for online sportsbooks.

Free bets

Free bets are one of the most common welcome offers and can be a great deal for new gamblers. To claim yours, you’ll usually need to make a minimum deposit or make a bet of a specified value. The value of bonus bets will depend on your choice of betting site, but they usually range from $10 to $50. While some sites will give you a single bet worth the stated value, others split the value across separate, smaller bets. For example, a site may offer a $20 free bets bonus, split into 4 x $5 bets, when you bet $5.

Matched bonuses

Matched deposit bonuses see sports betting sites reward new players for making their first deposit. This reward comes in the form free cash equal to a percentage of the initial deposit, which can be used to bet on your favourite sports and can range from 25% to as much as 200% at some sports betting sites. Matched deposit bonuses usually have a limit, such as ‘up to $50’, so be sure to keep an eye out if you’re a big spender. For example, a site may offer a 50% deposit match up to $100. This means that if you deposit $100, you will receive a $50 bonus, boosting your total bankroll to $150.

Some sports betting sites offer similar rewards in the form of a matched bet. This means you’ll receive bonus cash equal to a percentage of your first bet. For example, a site may offer new customers a 50% free matched bet up to $50 when you place your first bet.

Enhanced odds

This bonus is great for all kinds of bettors – you can use it on a relatively safe bet to give you a decent chance of winning an increased payout, or you could go for a bet that already has pretty long odds and try to get a huge payout.

What to consider when choosing your welcome bonus

Welcome bonuses are a great way to boost your bankroll, but it’s important that you understand exactly what you’re signing up to before claiming yours. You should always check the terms and conditions to make sure you’re getting the best deal on the market. Here are the key factors to consider before you sign up to a sports betting welcome bonus.

Qualifying requirements

Most welcome bonuses come with conditions you’ll need to meet to qualify for the reward. This usually involves making a minimum deposit or placing a bet of a certain value. These values will vary for each welcome bonus, so be sure to check in the terms and conditions.

Minimum odds

Many sports betting welcome bonuses are subject to minimum odds, and the qualifying bet you make to claim the bonus may also be affected by these. These odds requirements could mean you won’t necessarily be able to bet on your preferred market with your bonus funds, so it’s best to read the terms and conditions before you sign up. For example, a site’s welcome bonus may have a minimum odds requirements of 1/2.

Wagering requirements

Many welcome bonuses will have wagering requirements, which determine how much you’ll need to wager before you can withdraw any bonus winnings. Wagering requirements on sports betting bonuses tend to be lower than casino bonuses, and some betting bonuses have no wagering requirements. However, it’s important to understand these in case they do come up. For example, a betting site may stipulate that you must wager both your deposit and bonus funds six times before making a withdrawal.

Time limits

These fantastic welcome bonuses aren’t available forever, so be sure to strike while the iron is hot. Not only will you need to meet the wagering requirements, but you’ll also usually have to do so within a specified time period. This time period can range from a matter of hours to as many as 30 days and more, so be sure to check before you sign up.

Market restrictions

Some bonus bets are only available to use on certain markets, such as outright win or in-play. You may also find that you’ll be restricted in terms of the sports you can bet on with your bonus funds, for example, site might not allow its ‘up to $50 free bet’ welcome bonus to be used on horse racing.

How to claim your sports betting welcome bonus

  1. Browse and compare
    First things first, you need to check out what bonuses are on offer at each sports betting site. With so many sites to choose from, narrowing down the list can be tricky. Our hand-picked list of the top New Zealand betting sites with the best welcome bonuses makes it easier to compare each bookmaker and select the best welcome bonus for you. Don’t forget to consider market depth, mobile compatibility and the odds at each site!
  2. Understand the terms and conditions
    It’s important to read the small print before your claim your welcome bonus so that you understand exactly what you’re signing up to – the biggest numbers aren’t always the best deals. Make sure you understand everything from qualifying requirements, to wagering requirements and withdrawal limits before you sign up.
  3. Sign up
    You’ll need to create an account before you can claim your sports betting welcome bonus. This should only take a few minutes, and you’ll only need to provide a few personal details. Don’t forget to enter your welcome bonus promo code and opt in to the welcome bonus at this stage.
  4. Deposit and claim your bonus
    Almost there – all you need to do is activate your betting bonus. Whether this is simply making a minimum deposit, or placing your first bet. Your bonus will usually be activated automatically once you’ve fulfilled these requirements, which means you’re ready to start betting!

Compare and bet

Now you’ve had a taste of the sports betting bonuses on offer, you’re probably keen to find your perfect bonus deal and start betting. Whether you’re in search of free bets or matched deposits, there are plenty of opportunities to boost your betting bankroll. Not sure where to start? Check out our list of the top online bookies in New Zealand with the best welcome bonuses to find a favourite. All you need to do is compare, pick a top site and sign up to start betting.

Can I claim a welcome bonus as an exisiting customer?

No, sports betting welcome bonuses are exclusive to new players- but this doesn’t mean existing players need to miss out. Sports betting sites are always releasing promotions to reward existing customers and to keep them coming back for more.

How many times can I claim a welcome bonus?

You’ll only be able to claim a welcome bonus once at each betting site. Bookies determine your identity based on email address, name and IP address, so you can’t claim a bonus more than once. Of course, you can sign up to multiple betting sites and claim a welcome bonus at each.

Are all deposits eligible for a welcome bonus?

Unfortunately not. While many welcome bonuses are valid with a range of payment options, some sports betting sites restrict Neteller and Skrill deposits from activating bonuses. You may also find that certain welcome bonuses are exclusive to a particular payment method, such as PayPal.

Can I use my bonus on an accumulator bet?

Whilst some bonus bets will be restricted to certain markets, there are plenty of bonuses out there that can be used on accumulators –  providing that each bet meets the minimum odds requirements. You can’t always cash out accumulators wagered with a bonus funds, so be sure to check the terms and conditions.

Must I make a deposit to claim a welcome bonus?

Not always! No deposit bonuses for sports betting are few and far between, but they’re well worth taking advantage of if you stumble across one. These are great betting bonuses if you fancy taking a punt on an underdog without putting your own cash on the line.

Can I claim welcome bonuses using any platform?

 

While many online sportsbooks allow punters to claim a welcome bonus regardless of whether they’re using a mobile or desktop, others offer platform-specific rewards. For example, you may find sports betting welcome bonuses that are exclusive to bettors using the mobile app or mobile web page. Check the bonus terms and conditions to understand exactly how you can use your welcome bonus.

 

The people behind this page

Compare.bet's online gambling content experts helped write, edit and check the content on this page:

Daniel is the editor-in-chief at Compare.bet. He has half a decade of experience writing on topics including sports betting, online casino and the NBA. Daniel also covers Premier League football for The Warm-Up and has interviewed Louis Saha, Richard Dunne and Gary Pallister. In his spare time, Daniel enjoys film photography and making Spotify playlists.