West Virginia online sportsbooks attract new sports bettors and keep existing ones by providing bonus offers and promo codes. It is a great way of maximizing your sports betting bankroll and maximizing your investment when trying out a new sportsbook.
There are currently two online sports betting apps in West Virginia:
|Sportsbook||Parent company||Online Launch date|
|DraftKings||DraftKings||Aug. 28, 2019|
|Fanduel||Paddy Power Betfair||Aug. 26, 2019|
|William Hill||William Hill plc||TBA|
|BetStars||The Stars Group||TBA|
|Hollywood Casino||Penn National Gaming||TBA|
How sportsbook bonuses work
Most sign-up offers come in the form of matched deposit bonuses and free bets. The distinction between the two is blurry because the size of many free bets depends on the size of your initial payment.
Generally, a free bet allows you to place a risk-free wager and claim the winnings if it’s unsuccessful, while a matched bonus grants you a percentage of your deposit in promotional cash.
For example, if you claim a $20 free bet and place a bet at 1.50 odds (winning $30), in most cases, you will be awarded $10 (your winnings minus the initial stake). On the other hand, if you deposit $50 and claim a 50% deposit bonus, you will receive $25 that you can use on any number of bets.
Welcome promotions come with a limit on the amount you can claim. For example, if you deposit $250 and use the 50% bonus with a $100 cap, you will receive $100 in bonus money instead of $125.
Both free bets and matched bonuses tend to come with an expiry date, which means that you must meet the rollover requirements within a certain amount of time, typically between 10 and 30 days.
Rollover requirements determine how much money you need to bet before you’re allowed to withdraw your promotional winnings. They protect operators from bonus abuse, ensuring that the customers stick with the sportsbook instead of milking it for free cash.
For example, a $20 bonus with a standard 5x rollover requires you to bet at least $100 before requesting a cashout. In most cases, only the bonus itself is taken into account, but some sportsbooks apply this requirement to both the initial deposit and promotional cash.
This practice is frowned upon among bettors, and once you do the math, it’s easy to see why. A similar $20 bonus with a 50% match and 5x rollover would require you to wager 5x bonus $20 + 5x deposit $40 = $300.
While this rule isn’t set in stone, free bets tend to come with lower rollover requirements than standard deposit bonuses.
Read the fine print
The differences in rollover mentioned above aren’t the only reason you should always read the terms and conditions before claiming your bonus.
Some bonuses also carry odds-related requirements that force you to place the promotional bets on unfavorable markets. In rare cases, you might even be required to place an extremely risky bet using your own money to unlock your free bet, rendering the promotion useless for value-oriented bettors.
Remember that odds-related requirements shouldn’t always be considered a deal-breaker. If your operator requires you to take some risks but you have a reasonable chance to clear the promotional funds – go for it.
Finding a perfect promotion is nearly impossible. If the rollover is low, expect additional requirements – and vice-versa; if there are no odds-related requirements, the rollover is likely to be higher than average.
The William Hill US sign-up offer available to bettors in Nevada is an excellent example of a standard matched deposit bonus with no excessive requirements. To participate in this promotion, you need to create a new William Hill US account and deposit at least $50 to the site.
The bonus amount is always equivalent to 10% of the initial payment and comes with a $50 cap. This means that if you deposit $50, you’ll receive $5, $100 will net you $10, and so on. However, if you deposit $501 or more, you’ll only receive $50 in promotional cash.
The terms and conditions of the bonus state that it is transferred to your account as soon as you play through the initial deposit at least once. This requirement must be met within 90 days – otherwise, the entire bonus expires.
Despite the low match, this bonus is guaranteed to be useful to casual bettors because it is compatible with all kinds of betting strategies – William Hill doesn’t force you to select any specific markets or bet types.
The 1x rollover gives you some extra bang for your buck even if you get extremely unlucky and lose your entire deposit without winning any bets.
Getting the most value out of a bonus
If you’re looking for maximum value, start by checking the odds-related requirements and rollover requirements of the bonuses available to you.
Focus on the offers that allow you to place safe bets and minimize the risk factor – remember that your goal should be to clear the promotional funds for withdrawal; not to turn a long-term profit.
Playing it safe also means that you should forget about parlays – instead, play it straight for a while.
Generally, a 10% bonus with a 1x wagering requirement is better than a 30% bonus with a 5x rollover. The grind your deposit is likely to go through outweighs the benefits of receiving an extra 20% in promotional cash – unless you’re among the experienced bettors who win more than 50% of their wagers.
The rule of thumb for inexperienced bettors is to always go for the easy money.
West Virginia market snapshot
There are no licensed online sportsbooks available in West Virginia as of now. However, the operators eyeing this market are unlikely to assume a different approach than in the other iGaming-friendly states, such as Nevada or New Jersey.
This means that the value of the bonuses that will be initially available to West Virginia residents is likely to be similar to the value of the William Hill US sign-up offer discussed above.
However, as more and more companies enter the market, West Virginia sportsbooks are almost guaranteed to step up their bonus game. This mechanism could be observed on all fenced iGaming markets, and one of the most recent examples is the rivalry between poker and casino sites in New Jersey.
Unfortunately, this process usually takes some time, so don’t expect anything outstanding in the first year or two.