MaximBet is advertising a 100% deposit match bonus worth up to $1,000 in an effort to attract new customers. Read on to learn more about the mechanics underpinning this bonus and what makes it so attractive.
How Does the MaximBet Deposit Match Bonus Work?
MaximBet promotes a 100% deposit match welcome bonus worth up to $1,000, but it is not quite as straightforward as that.
The sign-up bonus is actually a 100% deposit match worth up to $500, and then you can claim three similar reload bonuses.
The minimum deposit required to qualify is just $10. MaximBet will match your first deposit, up to a maximum of $500, with site credit. This bonus credit will be awarded within 72 hours of making your initial deposit.
You must wager your deposit amount through 1x. The bonus funds also come with a 1x playthrough requirement.
Any winnings you earn will then be paid in cash.
Staggered Bonus Offers
You will then receive a 100% deposit match welcome bonus worth up to $250 on your second deposit. This is essentially a 100% reload bonus. You can only claim it within 8-14 days of your first deposit. For example, if you make your first deposit on December 1, the 100% up to $250 bonus will be available from December 9-15.
The terms are the same. The bonus funds have a 1x rollover requirement, and you will only be able to cash out any winnings you earn after playing your qualifying deposit through 1x.
You then get a 100% deposit match up to $125 on your third deposit. This is available within 15-21 days of making your initial deposit. Finally, you get another 100% deposit match up to $125 on your fourth deposit – within 22 to 28 days of making your first deposit – bringing the grand total up to $1,000.
A Large Deposit Match Welcome Bonus
It might sound slightly convoluted, but you essentially get a 100% bonus on your first four deposits, with $1,000 in total bonus funds up for grabs.
MaximBet spreads them out to keep you coming back over the course of your first month as a customer.
This remains a very appealing offer. Very few sportsbooks offer such a large deposit match welcome bonus. Caesars Sportsbook has started offering a 100% first bet match worth up to $1,001, but the MaximBet bonus essentially gives you more bites of the cherry, as you can break the bonus funds down into multiple wagers.
Bet365 offers an appealing 100% deposit match worth up to $500, while BetRivers and SugarHouse Sportsbook provide a 100% deposit match of up to $250, but the MaximBet offer is obviously larger. Another regulated sportsbook offers a 100% deposit match worth up to $750, but it has a 3x rollover requirement, whereas the MaximBet only has a 1x rollover attached.
MaximBet also offers several additional promotions for existing customers. They include odds boosts, “bet and get” promotions, rebates, and a loyalty program.
MaximBet was initially known as SportsBetting.com when it launched in Colorado last year, but it was renamed after parent company Carousel Group secured a deal with the publisher of the popular men’s lifestyle brand.
It has a proprietary sports betting platform, so you will receive a unique user experience if you decide to sign up, and the odds are very competitive.
MaximBet is currently available only in Colorado, but it has signed market access agreements for Indiana, Iowa, New Jersey and Pennsylvania, so a nationwide rollout is planned soon.