The sportsbook is a place where you can place bets on a variety of sporting events. In addition to traditional bets, it also offers prop bets, or random events that occur during a game. These are called betting lines, and are determined by statisticians and mathematicians called handicappers. The sportsbook’s success depends largely on how well it handicaps games. A good handicapper can make or break a sportsbook.
Offers a deposit bonus
New customers often look for sportsbook promo codes, which they can use to receive 100% refunds. To receive a refund, bettors must first deposit at least $5 and meet a certain wagering requirement. The sportsbook then sends them the free bet credit, which they have to wager at least one time. A sportsbook promo code is typically only good for one deposit, but you may be eligible for more than one.
Sign-up bonuses are the most common type of deposit bonus. These are usually the largest bonuses offered by online sportsbooks. They are advertised through banner ads and are designed to encourage new players to sign up by rewarding them with cash or free bets. However, you should be aware of the different stipulations and restrictions associated with these bonuses before you use them. For instance, the deposit bonus at DraftKing requires bettors to wager a minimum of five times their deposit before they can access the bonus.