Bovada Sports Betting Bonuses And Promotions
- 50% Sign Up Bonus Up To $1000 sportsbetting.legal Visitors Only
- 75% Match Up To $750 When Depositing For First Time With Crypto
- Earn $200 With Bovada's Refer-A-Friend Bonus ($275 With Crypto!)
Bovada is arguably the most popular legal online sports betting site for US-based gamblers, and it offers a number of bonus promos to entice new players and keep existing players coming back for more.
That said, Bovada online sportsbook bonuses and promotions are not the biggest in the industry. Of course, that’s hardly a bad thing, because Bovada offers players the best rollover rates on the market, and it’s not even close!
As most bettors know, the true value of online sportsbook bonuses isn’t in the amount of extra funds available, but in how bettor-friendly the terms and conditions are. Bovada bonus options come with the lowest playthroughs of any major online sportsbook, topping out at just 5X.
Most other sites require rollovers of 10X-15X, which means you can’t claim payouts nearly as quickly. For more about all the Bovada incentives available right now, our Bovada sportsbook review covers everything the juggernaut has to offer!
Standard Bovada Bonus Offers For December 2023
Year-round, Bovada consistently offers the same standard sports betting bonuses to new members. Unlike other sites, however, Bovada specials are almost always limited to sign-up bonuses rather than account reload bonuses.
Many bettors think this is a negative, but from Bovada’s perspective – based on the quality and comprehensive nature of the Bovada sportsbook – once you join, you’re probably going to stay.
That said, Bovada has recently unveiled a reload bonus program for existing members who specifically and exclusively wager with cryptocurrency (see below).
Right now, these are the tried-and-true Bovada bonuses that prospective members will always have access to when signing up:
- 50% Deposit Match Bovada Sports Welcome Bonus – Up To $1000**
- 75% Deposit Match Bovada Bitcoin Sports Welcome Bonus – Up To $750
- 200% Refer-A-Friend Bovada Bonus – Up To $200 (+$75 for BTC/crypto)
**This welcome bonus offer usually maxes out at $250. For a limited time, our audience will receive a max of $1000 using the Bovada bonus code: BVD1000. You will be prompted to enter any applicable bonus codes during the deposit process (though you can still opt out of all Bovada promo offers if you prefer). SBL readers are invited to take advantage of this limited-time exclusive Bovada sign-up bonus promotion.
Enhanced Bovada Bitcoin Bonus Offers
As you can see above, if you sign up with Bovada and claim a new member Bovada deposit bonus, you’ll get more bang for your buck by making your first deposit using Bitcoin. Bitcoin betting is always good for extra free money at all the leading sports betting sites, and Bovada LV is no exception.
Even better, despite its name, the Bovada Bitcoin bonus isn’t just for Bitcoin. You can actually claim these special perks regardless of the specific crypto coin you use to top off your account!
Bovada currently supports the following cryptocurrencies, and all of them make you eligible to claim the site’s enhanced BTC bonus offer:
*Bitcoin SV is limited to Bovada VIP members (unlockable through Bovada Rewards points accrual) and is only recommended for online sports betting if you already hold and use BSV coins. Bitcoin SV is not readily available through most USA-based crypto exchanges.
Win Cryptocurrency Playing Crypto Miner At Bovada
Each month, a share of $5,000 is divvied out to the top 50 high scores for Crypto Miner, a Pac-Man-style game where altcoins are collected instead of pellets. The top scorer of the month gets $1,000, and multiple entries are allowed, with only your best score being kept.
All members that are in good standing that have previously deposited using cryptocurrency are eligible to enter the Crypto Miner contest, which will continue to run each month through the end of 2023. This contest is subject to Bovada’s general terms and conditions, which include a 1X playthrough requirement for all deposited funds.
Bovada Premium Bitcoin-Exclusive Membership
Earlier, we mentioned that Bovada typically doesn’t offer account reload bonuses for existing members. However, you can now claim weekly Bovada sportsbook reload bonuses by upgrading your account to the new Premium Bitcoin-Exclusive Membership tier.
This is a free upgrade for all Bovada members, and you can enroll right through your account portal once you enter your Bovada login credentials at the site via desktop or mobile.
The Bovada Bitcoin-Exclusive Membership level offers bettors the following perks and incentives:
- Weekly Deposit Match Bonus – 50% Up To $500
- Weekly Free Spins – 25 Free Spins (Bovada Casino only, $30 min.)
- Bonus Reward Points – 15,000 Bovada Rewards Points per weekly deposit ($30 min.)
Note: Despite its name, the Premium Bitcoin-Exclusive Membership actually works with all Bovada crypto deposits regardless of specific coin used (i.e. BTC, LTC, BCH, ETH, USDT, BSV). Bovada Voucher depositors are also eligible for this special account upgrade.
Unadvertised Bovada Special Bonus Offers
Occasionally, Bovada releases special bonuses and/or bonus codes to select online partners. These promotions are not advertised, and you can only find them online through partners that have negotiated special promotions. Our current exclusive promo upgrades Bovada’s typical $250 Sign-Up Bonus to a 50% deposit match offer worth up to $1000, all with the same low 5X rollover rate!
Bovada Limited-Time Sports Bonus Offers
Unlike Bovada offers that come standard to all new members year-round, the site sometimes features limited-time promotions for special events, tournaments, and the first few weeks of popular sporting seasons.
To start off the 2022 NFL season with a bang, be on the lookout for the upcoming Bovada NFL Kickoff Giveaway promotion. During last year's contest, lucky participants won big bucks at each weekly raffle drawing, with the grand prize winner scoring an all-expenses-paid trip for two to Super Bowl 56 in Los Angeles. What will this year's Bovada NFL promotion have in store?
Bovada Referral Bonus
Bovada’s refer-a-friend promo is available to all existing members and requires no Bovada bonus codes to activate. Instead, when you want to send an acquaintance a link to the Bovada sign-up portal, you’ll simply navigate to the site’s Promotions tab, select the referral option, and copy down your unique referral ID.
You can send this to as many people as you like, and you’ll get a 200% deposit match – based on their deposit – for up to $200. If your referral deposits in cryptocurrency, Bovada will give you another $75 on top of the deposit match.
Bovada Promo Codes (December 2023)
- SBL Reader 50% Sports Welcome Bonus Up To $1000 - Bovada Bonus Code: BVD1000
- 75% Bitcoin Sports Bonus Up To $750 - Bovada Bonus Code: BTCSWB750
- 50% Sports Welcome Bonus Up To $250 - Bovada Bonus Code: No code necessary!
- 200% Bovada Refer-A-Friend Bonus Up To $200 - Bovada Bonus Code: No code necessary!
- 200% Bovada Bitcoin Refer-A-Friend Bonus Up To $275 - Bovada Bonus Code: No code necessary!
Bovada Bonus Rollover Explained
As with all legal online sportsbooks, Bovada bonus options come with rollover requirements. However, while other sites mandate a 10X to 15X rollover rate, all Bovada sports betting bonuses come with an industry-best 5X rollover.
Let’s say you transfer $100 into your Bovada account and claim the typical Bovada sportsbook promo that matches your deposit by 50% up to $250. This bonus takes your $100 and adds $50 to your bankroll, for a total credit of $150.
At Bovada, this bonus is capped at a 5X rollover requirement. This means you must wager a total betting handle of $150 X 5, or $750. For even the most cautious sports bettors, this is easy to meet, and all rollover terms can be satisfied within just a few weeks of casual sports gambling on your favorite daily and weekly games.
Now, compare this to Bovada’s competitors. Let’s say you go with another big site (we always recommend signing up at several operators for line shopping purposes) and put in $100. The site might match your deposit by 100%, which yields a grand total deposit credit of $200.
That’s pretty good, but when you factor in that site’s 10X-15X rollover requirement, you’ve got to wager between $2000 and $3000 before you can withdraw. This, too, is perfectly achievable for most bettors, but it will always take longer to satisfy the terms and conditions.
Bovada Rewards Program
Anyone who joins Bovada is automatically enrolled in the site’s rewards program, as there’s no commitment or cost involved for the player. In all, there are six Bovada rewards levels, each of which unlocks more perks for online sports gamblers:
Level 1: Unlocks at 0 points, earns 2500 rewards points per $1 wagered
Level 1: Unlocks at 2500 points, earns 2500 rewards points per $1 wagered
Level 2: Unlocks at 5000 points, earns 2500 rewards points per $1 wagered
Level 3: Unlocks at 10,000 points, earns 2500 rewards points per $1 wagered
Level 1: Unlocks at 25,000 points, earns 1666 rewards points per $1 wagered
Level 2: Unlocks at 40,000 points, earns 1666 rewards points per $1 wagered
Level 3: Unlocks at 60,000 points, earns 1666 rewards points per $1 wagered
Level 1: Unlocks at 150,000 points, earns 1250 rewards points per $1 wagered
Level 2: Unlocks at 250,000 points, earns 1250 rewards points per $1 wagered
Level 3: Unlocks at 500,000 points, earns 1250 rewards points per $1 wagered
Level 1: Unlocks at 1,000,000 points, earns 1000 rewards points per $1 wagered
Level 2: Unlocks at 1,500,000 points, earns 1000 rewards points per $1 wagered
Level 3: Unlocks at 2,500,000 points, earns 1000 rewards points per $1 wagered
Level 1: Unlocks at 5,000,000 points, earns 1000 rewards points per $1 wagered
Bovada Rewards points are earned regardless of the kinds of wagering in which you participate (i.e. sports, casino, poker, horse racing), but the points accrual rates are different for each market and type of bet. The following points accrue in addition to the rates listed above for each Bovada Rewards tier:
- Sports Singles Bets: 3 points per $1
- Sports Teasers Bets: 15 points per $1
- Sports Round Robin Bets: 25 points per $1
- Sports Parlay Bets: 25 points per $1
Bovada Rewards points can be redeemed for cash bonuses anytime, and you can cash in some or all of your balance. (Bovada points can also be used to redeem free online poker tournament tickets in the Bovada Poker Room.)
Note: There is no special Bovada Rewards code required to enroll in the program or claim any related perks or incentives, as all site members earn Bovada Rewards by default whenever they place wagers at the site.
How To Use Bonus Funds On Bovada Sportsbook
Once sportsbook bonus promo cash has been opted for during the deposit process, the promised funds will be delivered into the user's account upon the completion of the transaction.
Each Bovada bonus has differing terms that require playthrough. For instance, if there is a 5X rollover requirement attached to a Bovada promotion, the amount of bonus cash that has been added to the account must be wagered at least 5 times over before the funds are eligible for withdrawals.
For instance, if a member has received a $500 Bovada Sportsbook bonus, $2,500 worth of sports bets must be completed prior to requesting a payout.