Web3 Sportsbook Bonuses

From deposit bonuses to cashback, here are the best web3 sportsbook bonuses from trusted platforms.

Finding the Best Web3 Sportsbook Bonuses

What better way to get an extra boost from your web3 sports betting experience than with a bonus?

There are a wide range of web3 sportsbook bonuses to choose from depending on your preference. Since web3 sportsbooks are anonymous, many of them do not offer the traditional first deposit bonus. This is because players can easily create new accounts by connecting a wallet, making it easy to abuse the bonuses.

That is why our crypto sports betting experts have evaluated all the top offers from web3 sports betting sites. Each offer comes with its own set of terms and conditions, so make sure you read carefully before claiming the bonus!

Types of Crypto Sportsbook Bonuses

There are a variety of web3 sportsbook bonus offers for you to choose from. Let’s take a look at all the options, how they work and the pros/cons of each one.

Crypto Sportsbook Deposit Bonus

Deposit bonuses are very common for traditional sportsbooks, but not as frequent for web3 sportsbooks. A deposit bonus is when you receive 100% or more of your initial deposit in bonus funds in order to place bets with. Deposit bonuses are usually quite large, giving up up to 1BTC bonus, depending on the operator.

This typically comes with a rollover requirement between 3x and 10x. This means that you can’t withdraw the funds until you bet the bonus amount 3 times over, so make sure you read carefully before you accept one.

The reason why web3 sportsbook deposit bonuses are not as common is due to the lack of KYC. Since sportsbooks can’t prevent players from creating multiple accounts with a new wallet, they don’t want to hand out free money for new depositors.

However, there are some web3 sportsbooks that offer deposit bonuses ranging from 100% all the way up to 300%.

Web3 Sportsbook Free Bet Bonus

A free bet bonus is very simple: you receive a free bet to make from the sportsbook. If you win the bet, then you get to keep the profit (but not the stake) and use it to bet on more matches with. If you lose your bet, then you walk away with nothing. No risk, but all the potential for reward if you win!

Free bet bonuses are often given to new players to get them to test out the sportsbook. For web3 sportsbooks, these bonuses often convert into a crypto of your choice if you win, giving you the chance to withdraw crypto or keep betting.

Free bets are much lower than deposit bonuses, often being in the $5 to $20 range.

Cashback Offers for Crypto Sports Bettors

Cashback offers are our favourite web3 sportsbook bonus types because they put money back in your pocket! Sportsbook cashback means that if you have a losing week or month, the sportsbook will give you a percentage back in the form of crypto.

For example, if you lose $100 betting in a web3 sportsbook, then you can get up to 25% cash back at the end of the week. This cash does not come with any rollover restrictions, meaning that you can withdraw it right away if you choose.

Since sportsbook margins are typically about 10% in favour of the house, any sports betting cashback offer over 10% is great value for players.

Best Web3 Sportsbook VIP Program

VIP programs for crypto sports bettors are a great way for players to be rewarded for every bet you place!

The idea of a web3 sports betting VIP program is simple: every time you place a bet, you receive a number of points based on the size of the bet. As you accumulate points, you level up in your VIP level.

As you reach new VIP levels, you receive better rewards. From free crypto sports bets to a better cashback percentage, there are a variety of benefits for becoming a higher level of VIP. Read which web3 sportsbook offers the best VIP program according to our experts.

Sportsbook Crypto Bet Mining

A very new and interesting web3 sports betting bonus category is bet mining. Created by the new Housebets web3 sportsbook, bet mining is a mix between traditional cashback and a VIP program.

Each time a player places an on-chain sports wager, they automatically “mine” a specific cryptocurrency in which they placed the bet. In the case of Housebets, the players receive LunaFi, their project’s native token, for each bet that they place in the sportsbook.

As players place more bets, they reach new levels and see their mining levels increase. The crypto rewards are stored into the player’s account until they cash them out, using a web3 connection and going directly into their wallet.

Races and Competitions

Crypto sports betting races are an exciting way for players to enjoy a bonus, while having that extra bit of competition against the other bettors using the site.

A race or daily/weekly/monthly web3 sportsbook competition pits all players on the platform against each other. Players are ranked based on the amount they bet in the given timeframe, with a set of minimum odds. As players bet more, they move up the leaderboard, which is shown to everyone on the site.

The top players with the highest betting turnover then received a prize based on their rankings. For example, the BC.Game crypto sportsbook has daily races with prizes up to $10,000 in giveaways.