Many bookmakers offer bonuses when you open an account and place a bet. Whether it’s a percentage of your first deposit or bet, or a risk-free refund of your initial bet, these promotions can help you grow your bankroll so you can bet more and potentially win more money!
Welcome bonus on deposit
Welcome bonuses are the most common first deposit offers a player can come across. They are the “watermark” of every bookmaker and you can even see them on TV and social media commercials. The principle of their work is simple. Make your first deposit and the offer will increase it up to 200% (depends on the betting site). New players receive a welcome deposit bonus as the initial deposit will be greatly increased. Also, you can make a certain amount of bets without risking your funds. However, wagering requirements may be more stringent.
Deposit bonuses
Deposit bonuses are most common in both online casinos and bookmakers. These free bonuses work simply because you get rewarded every time you make a deposit. For example, a welcome bonus is a deposit bonus. This requires you to register and make a deposit before you qualify for the offer. Because they need you to make a deposit in order to receive them, deposit bonuses come with a long set of conditions and requirements. Read them before signing up to find out if this particular bookmaker is right for you and if the reward is good.
No Deposit Bonuses
A no deposit bonus is the opposite of a deposit bonus. You receive a bonus without making a deposit first. Thus, no deposit free bonuses are among the best bonuses on sports betting sites. However, they are also quite rare; not all bookmakers have them. Keep in mind that these bonuses are not free. You still have a number of conditions that must be met if you want to return your winnings to your account as soon as possible.
Freebets
As mentioned, most online bookmakers offer a free bet when you sign up. Joining a new bookmaker will give you the opportunity to start your journey with a free bet that you can spend on your favorite sports markets. Be sure to read the terms and conditions of the bonus first. The site may prevent players from certain countries such as the United States, Kenya or Australia from receiving a free bet. They will also indicate the conditions under which you can spend your free bet. In most cases, you can place additional funds on certain NHL odds or NFL markets.
Loyalty program
Loyalty free bets are given to the most loyal customers of the betting site. The best bonus betting sites will release them weekly or monthly. While this may seem like a lot of money for bookmakers, it is a way to keep customers happy and place bets. Of course, these free bets also have certain conditions and requirements, but you can expect lower rates. After all, a loyal customer deserves it.
VIP club free bets
If you join the betting site’s VIP club, you will be swimming in prizes before you know it. VIP programs usually offer the most loyal customers a permanent offer of free bets. These programs can be of different levels the higher you get, the more free bets you will earn.
Disadvantages of bonuses
While it’s great to have extra money when betting online, you should remember that bonuses don’t come for free. The biggest downside is the wagering requirements. While the top bookies will keep them low, the big bonus bets will probably cost too much.
What’s the point of getting a giant bonus if it needs to be played more than 50 times? These conditions are too high, and it is almost impossible to fulfill them quickly. The same goes for free bets. While this is a great way to try out new markets, you shouldn’t rush into them if the conditions aren’t fair.
The fine print, which most players don’t read, makes wagering bonuses a double-edged sword. If you do not meet the wagering requirements, you will not be able to withdraw your winnings. As we all strive to win, getting our winnings is essential. If the conditions are not fair, you will not claim them, which will result in the loss of bonus funds and the inability to cash out.
Conclusion
Bookmaker bonuses have many benefits and can be a great way to get started. With such a variety of bookmakers with different bonuses on offer, it’s definitely worth researching each one and finding the best one that suits your gambling requirements. It’s also worth keeping an eye out for new deals, as you never know when you might get lucky and discover a great bonus.