In this article, we will discuss how deposit match bonus in Arizona work, their pros and cons, and why you should look out for the terms and conditions, as well as the difference between deposit, match bonuses, and bet match bonuses in AZ.
The deposit match bonus overview – Arizona
Deposit match bonuses are a great way to boost your initial bankrolls (who would not love an extra 50% deposit match Arizona?), but there are plenty of caveats that should be taken into consideration before you commit to a sportsbook over the bonus.
They also should not be confused with bonuses that will match your initial bet, though those can be just as useful.
Best deposit match bonus Arizona
Find best deposit match bonus AZ
With a deposit match bonus, the bookmaker will usually match a certain percentage of your initial deposit in money that will be defined as “bonus funds”. This percentage can be anything defined by the sportsbook, but most will fall between 50% and 100%.
There is almost always a cap on the bonus. This prevents people from depositing $10,000 to gain another $5,000 from a 50% deposit match Arizona. The cap should not be stifling, but understand that anything you deposit beyond that cap will not be matched.
This means if you deposit $100 on a deposit match of 100% with a $50 cap, you will only get an extra $50.
Pros and cons of deposit match bonuses in AZ
Just as there are many benefits to deposit betting bonuses in Arizona, there are certain things you need to look out for. Taking these things into consideration will help you determine whether a deposit match bonus is something that will actually be beneficial to your betting style and personality.
Before you decide that deposit bonuses are something that interests you, you should know both sides of the story.
Deposit matches are a fantastic way to boost your initial deposit in Arizona. This makes them a great choice for bettors who think their bankroll is a bit meager or those who just want some extra cash to wager.
These are also a more flexible option for betting. With other bonuses, you may have to deposit a specific amount before you unlock their bonus, but that would actually be more harmful to the sportsbook, so they do not require it. If you can only claim the minimum deposit bonus, it is still a bit of money that you did not have before.
The wagering requirements are a tad more complicated than other bonus types. If you are not thorough in your research, you might find out you need to meet some hefty wagering requirements.
Some sportsbooks in Arizona will also exclude certain payment methods, so you need to make sure they not only offer you a banking method that is compatible but that it is included in the bonus terms.
Once you unlock your deposit bonus, you may not be able to claim other bonuses and promotions until you use the bonus funds or meet specific requirements. This can get in the way of unlocking lucrative bonuses in certain sports, especially around championship time.
Terms and conditions of Deposit Matches – Arizona
Sportsbooks in Arizona do a decent job of telling you what your potential bonus is, but the requirements for unlocking it are often tucked away in the terms and conditions page you are bound to blow through when signing up.
Take the time to read through the terms just this once. They will outline what you need to do to hold onto your bonus because, yes, you can lose it (and all the winnings related to it) if you do not meet the terms.
The following terms are common with deposit match bonuses.
When a wagering requirement is placed on your bonus in Arizona, you will need to play through a specified amount of cash before you have a full claim to your bonus funds.
This can involve:
- The amount of your initial deposit on its own
- The amount of the bonus on its own
- The amount of your deposit + the amount of your bonus x a certain number
To see this in action, consider a 50% deposit match that has a cap of $100 and a 5x wagering requirement. If you make an initial deposit of $150 you will get the $100 bonus, making your total $250 at that point.
If you multiple $250 by 5, you get $1,250. This is the amount you will have to play through before you have a complete claim over your bonus and any winnings that stem from it.
This example also points out an important issue. If your initial deposit is more than your bonus cap it is still considered when calculating your wagering requirement.
It would be better to make a smaller deposit that matches your bonus cap. This would lower the wagering requirement, making it much more attainable and speeding up your claiming process.
When minimum odds are defined, your bonus amount can only be used on bets above those odds. Of course, this can also be seen by maximum odds, but that is not of as much concern.
While you can place bets that have odds lower than the minimum, these will not factor into your wagering requirement. So make sure you are on track to meeting that requirement before you spend your bankroll on odds that sit outside your limits.
For example, if the minimum odds on your terms are set at -125 then you need to pick bets higher than that, at least until you meet the wagering requirements. After that point, you will not have something factoring into your odds considerations.
A time limit will require you to meet the wagering requirements in a specific timeframe. These are usually generous and give you an average of 60 days to go through your funds. This is achievable with regular betting in Arizona.
If you do not meet your wagering requirement before the time limit is up, you will lose the full amount of the bonus funds alongside any winnings that are related to them.
Deposit match bonuses vs. risk-free bet bonuses in Arizona
The most common bonus types you see with Arizona online betting sites will either offer deposit match bonuses or risk-free bets. Both are easy for bettors of all experience levels to understand, and they benefit both parties.
Deposit match bonuses work by giving you additional funds to aid in your betting experience. The most popular sportsbooks that offer deposit match bonuses are:
- DraftKings AZ: $500 deposit bonus matching 20% of initial bonus (needs to be $2,500 to unlock full bonus)
- FanDuel Arizona: $500 deposit bonus matching 20% of initial bonus (needs to be $2,500 to unlock full bonus); applies to Fantasy FanDuel.
On the other hand, a risk-free bet bonus will reimburse you any money lost on your first bet. This is a better option if you want to make a bolder wager, but it does little to boost your bankroll.
Popular sportsbooks that utilize risk-free bet bonuses are:
- BetMGM Arizona: up to $600
- PointsBet AZ: up to $500 on a fixed-odds bet; up to $1,500 on a PointsBetting bet
- William Hill AZ: up to $500
You will also notice that some of the bonuses are much larger than the deposit match bonuses. This is because the sportsbook does not necessarily lose any money on these. If you win your first bet, they pay nothing. If they do need to reimburse you, then it was money they gained anyway.
FAQ’s About Deposit Match bonus Arizona
How do I claim my deposit match bonus in Arizona?
To claim your deposit match bonus, you will need to make an account with the sportsbook first. Take note of whether the bonus will be automatically applied or you need a code that will be entered during the signup process. Can I make multiple deposits to claim the full bonus? Deposit matches usually only apply to your initial deposit with the sportsbook. Unfortunately, this also means that if you make a deposit that does not meet the minimum requirements of the bonus, then you forfeit your chance at unlocking the match.
Can you use deposit match bonuses on all markets in AZ?
Most sportsbooks will allow you to use your deposit match on all the markets they have to offer, but you should double-check before treating this as fact. This should be outlined in the terms and conditions, or you can ask their customer service representative to confirm.
How do I make sure I do not lose my matched deposit bonus?
The first thing you need to do is make sure you understand the terms and conditions. Violating just one term can lose the bonus. If you have a time limit, then it is a good idea to create a betting schedule to make sure you cycle through the funds before that time.
How can I get deposit match bonuses more than once?
You cannot get the same deposit match bonus multiple times, but you can sign up with different sportsbooks that offer them. This will also give you better odds-shopping opportunities later on, but do not let the bonus be your only reason for signing up with a sportsbook.