Sports Betting Bonus down to the Nitty Gritty
Sports betting today is the preserve of well-established bookies as well as newly-fledged operators looking for an angle in an increasingly competitive market. And we, as punters, most often see ourselves bombarded with flashy offers devised to pique our fancy and ultimately bring us into the fold of loyal bettors who frequent said bookie as part of their daily routine. No shame in that especially when a sports betting bonus can provide valuable advantage and help us earn a little extra. However, to properly understand the types of sports bets available and around which trending offers are built, we will need to take a closer look. Those who are diligent enough, though, stand to reap the benefits of bonuses and synergies between seasonal offers, welcome options and the expanding clout of the mobile phone in sports betting matters.
What Is The Purpose Of Sports Betting Offers?
Every bookie out there will be running promotions and tangible rewards will be offered to both existent and prospect customers. A quick glance across the website of a bookie will reveal a host of available options which may come and go as their expiry dates are usually short. To ease the burden of having to keep track of promotions manually, some sports bookies will offer promotional newsletter, delivering the latest bargains directly to your inbox, and helping you to stay up to date.
Meanwhile, there is a good stock of bonuses to keep you entertained and offer you an edge in your betting endeavors.
Meanwhile, bonuses will be tailored according to three main pillars. First, they will seek to attract new players, known as welcome offers or sign-up sports betting promotions. Existing customers who have gone inactive will be incentivized to come back, mostly through reload bonuses. And for those of us who have been spending a significant time hanging around a bookie, you’ll notice that a VIP and loyalty programs are gradually opening up to you, making you even more inclined to continue your sports betting forays.
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You Are All Very Welcome – Sign-Up Offers and Sports Betting Bonuses
Nearly every time you register at a new bookie, you’ll be awarded a welcome sports betting offer. It usually comes as a matched bonus, which means that a bookie will deposit as much money as you have initially laid, up to a certain degree. A matched bonus is usually awarded when a punter first lays a deposit with a certain operator. However, you’ll often find yourself having to fulfil certain criteria for the bonus amount to become available. Some online betting sites reward loyal customers with matched bonuses further down the road as well as the first time a punter opens an account.
A no deposit bonus is also possible, meaning a bookie will reward you for having chosen to open an account at their website. They are rather more difficult to come by, but again, sticking around a handful of selected bookies may help you garner an understanding in the habits of large operators and better yet, it’ll be easier for you to follow through with all sorts of tempting offers and worth-it bargains. Most sports betting bonuses come with wagering requirements, and these need further investigation.
Wacky On Occasion, Useful Rest Of The Time – Wagering Requirements
Wagering requirements are a set of criteria that tell you what you have to do in order to receive a return on your initial bonus, and pretty much any promotion you participate in henceforth. This most often means that you’ll have to play through or rollover any deposit and/or bonus amount you lay down as part of a sports betting bonus, or promotion. Put in simpler terms, when you are asked to rollover a certain sum, this may be either your deposit or the deposit and bonus money you receive from the bookie.
Some bookies invite you to partake in the betting madness with quite the tempting posters. Mind the wagering requirements and make sure to check under what conditions your proceedings become available for withdrawal.
If you wager $50 and the bookie matches your offer by $50, you’ll wind up with $100. Now, the bookie asks of you to rollover both the deposit and bonus amount x5 times (the letter “x” here is used to indicate how many times an amount needs to be wagered). Upon fulfilling this criteria, the sum becomes cashable, meaning you can withdraw your winnings.
For the most part, you’ll have to rollover the said amount at specified odds. And another preoccupation stems from the fact that there is a tight expiry date on any bonus, which could be a bit pesky to tackle. Most experienced bettors consider it a bit of a toss-up whether a bonus or forego one, good as it may seem. However, sometimes you can easily merge a, say, sign-up offer with one-off promotion and reap decent yields.
Types Of Bonuses
Matched and no deposit bonuses are only part of the picture. We have briefly mentioned reload bonuses as well. There is more to it, you’re bound to know. For instance, bonuses are usually discussed in the context of the desktop version of a website, but they just as easily spill over to mobile sports betting and even live betting. Here is a brief low-down:
- Free bets – Free bets are bonus sums which a bookie grants to new or existing members. You can use the sum to put a wager. Upon success, you may keep your winnings whereas the bonus amount is detracted. The best thing about those is that you need not worry about fulfilling any criteria.
- Mobile bonus – Other forms of sports betting bonuses exist. Mobile bonuses, for example, will most likely have to do with the continuous efforts of sportsbooks to bring as many punters as they can to the mobile version of their websites. Some bookies even offer separate sign-up offers for their desktop and mobile versions.
- Reload bonus – On occasion, when you deposit a new amount in your account, you may be eligible for a reload bonus, which will be a percentage of the amount you have deposited. Just as with sports betting welcome bonus, you may expect your reload bonus to come with wagering requirements.
- Cash back and money back bonuses – These offers are becoming more popular. A cash back is a part of the amount you have wagered, and most likely lost, returned to you. The reimbursement need not be in the form of cash and nearly never is. You may be offered free bets instead. Cash backs are usually available as part of high-odds sports betting, such as accumulators.
- One-time and market specials – Some bonuses are given to be used on specific sport or event. For example the bookmaker can give you a bonus that can only be used on football, eSport betting or even a single match.
- Live – The live sports betting offers some exclusive bonuses that, for the most part, are transient. You’ll be a bit hard pressed to find as many promotions readily available at one and the same bookie, but if you have a look around, odds are you’ll come across a handful.
Remembering that bonuses are the bookies’ way of keeping punters satisfied, there are all sorts of offers available today. Most bookmakers also have solid operations in casino games and poker, and you may even be offered free spins in casinos in exchange for placing a bet on a football match.
More Promotions to Keep You Coming Back
Holiday seasons are a field day for punters and bookies alike. Sportsbooks come with tantalizing sports betting deals, banking on the easy-going betting moods around major holidays and customers rightly seek to rev up juicier profits. Oftentimes you will be notified via message on the site that a certain promotion is available to you, on the off chance you have missed the catchy banners.
Your weekend deal is up for grabs.
Apart from the monthly and seasonal one-in-a-life-time offers, some bookmakers will run their daily and weekly bargains. Again, you may witness promotions available to mobile users alone and vice versa. Then again, more often than not, you’d be able to throw bridges across promotions and ultimately snowball in your chosen market.
What About VIP and Loyalty Offers?
Bookies have a vested interest in keeping you satisfied. And even more so if you have been a long-time member of their websites with a soft spot for spending hundreds of dollars. Far from being the insidious schemes of ill-reputed bookmakers, loyalty programs may add value to your betting. When you qualify for a loyalty program, you’ll also enjoy tailor-made sports betting bonuses as well as other perks.
You may as well end up with a personal betting advisor whose job is to help you squeeze out the most profits out of your betting. To make matters even more exciting, building your reputation will open new ranks to you, which in turn, will entail greater advantages. For instance, betting exchanges will reduce the fee they charge you, while regular bookies may more readily offer you cashbacks to keep you happy.
Sports Betting Bonuses – It Is All There
Sports betting bonuses come and go, so it is important to keep track on the promotions page. In any event, they offer a decent opportunity to turn a shiny penny. While not overly complicated to understand, these bargains may often present a challenge to fulfil. They will certainly boost the satisfaction you derive from the game. Having your bets bolstered by the promise of even richer pickings is certainly not to be snubbed. Whether it is the holiday season, or a regular Monday, there is always some goodie to add value to your game.