Bonuses are hardly elusive beasts. They tend to stare punters right in the face and come in so many varieties that the sheer influx of offers and promotions can give even the well-seasoned bettor a proper headache. Flicking through what is on offer, punters come across all sorts of bonuses, including sign ups, promotions, refer-a-friend bonuses and specific bargains for those who prefer betting from their phones, including in-play bonuses
Most sites tend to be overly generous in their welcome bonus and frequently pilot a promotion that piques interest. How successful of a strategy is bonus hunting? Is it worth it to go after the juicier welcome bonuses or opt out of those entirely to save yourself constraints? Are you aware of the wagering requirements that come with a bonus? All of these are valid questions and we are here to furnish an answer.
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When Online Betting, Sign Up Bonus Is Your Best Friend
If you are new to online sports betting as a whole, it is time for a warm welcome, and familiarizing yourselves with some of the terminology at hand. Sign up bonuses are bestowed upon the punter as soon as they sign up for a sportsbook. There are a few caveats to be observed all the same. First, punters will need to read the wagering requirements, which differ from one bookie to the next. The wagering requirements simply show what amount bettors need to wager before they are eligible to withdraw their bonus money.
There are a handful of things to be aware of when venturing out in the world of online sports betting and one is rollover. Now, we have just specified that in order to withdraw into one’s free bonus money, one will need to toe the line set by the bookie. This, in most cases, is called rollover or simply what amount you need to cough up in bets.
Let us say a punter is playing at a bookie, which offers to match their initial deposit by 100%, up to a certain sum. This way our punter decides to wager $15 and the bookie immediately ups the ante and adds $15. Now, the bookie has also specified what their rollover is. Most punters would agree that any bookie that offers a below 5x rollover is a, if you will excuse this corny turn of phrase, a fair bet. Now, with the 5x rollover in place, bettors will need to play through the sum total (deposit and bonus) of $150. The equation, if it could be called that, looks like this: 5 x ($15+15) = $150. Easy enough! So, remember that what qualifies as the best bonus bets is any bonus with a rollover under 5x.
A downside of this arrangement is that if a bookie does not specify a certain amount you need to play through the 5x rollover condition, then it may be a tad harsh. If you throw in $100, and the bonus is $100, then you will have to bet $1,000 before you can claim your bonus money. Note that you do not have to rake up $1,000 in wins or losses, just play through that amount once.
Another thing regarding initial bonuses today. First, some bookies may disqualify certain methods of funding, chiefly e-wallets, most commonly Skrill and Neteller. Bear in mind that this is still part of the much-ballyhooed wagering requirements. As to the why, we believe that the fairly modest welcome bonus today and bookies’ opting out of e-wallets as means to fund one’s account stem mostly from concerns over security. Still, we suspect bookies would very much like to know that it is not the same person trying to claw the welcome bonuses.
A slight drawback of crazing over bonuses
Wrapping up online welcome bonuses, we should say that while they are tempting, welcome bonuses are not how most profit is made. Some punters would happily fall into something known as bonus hunting. Beware, there is only this much websites people can register and claim welcome bonuses. Furthermore, only a handful of those are truly up to scratch and honoring their own wagering requirements. Lastly, flagship bookies explicitly state that they would not offer welcome bonuses to people who have already registered and played before.
Best Bonus Bets Are Often For Free
When looking for bonuses and their myriad incarnations, a word sticks out – free. These tend to be rather transient, both in good times and bad. Freeplays are rather popular and they may be either first-time deposit incentives or, say, a reload bonus.
Now, the chief idiosyncrasy with freeplay bonuses is that they disappear. For example, if we have $50 in freeplay bonus, wagering to win $40, the amount rewarded in the event of a win will be $40. That is the underpinning difference between cash and freeplay bonuses. With a cash bonus, however, you retain both the amount you wager and the possible proceedings you win.
The good news is that most sports bookies today offer freeplay bonuses left and right as a way to lure in new punters. We could not fault them for that, any bonus is, one way or another a contribution towards the end goal of relieving bookies of their cash.
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The Catnip of Online Betting Bonus Offers, Reloads
Reloads bonuses are quite easy to grasp. As the name suggests, they are offered when a punter decides to reload their account. Furthermore, they can be recurring promotions, which is intended to keep players investing in their accounts real, hard-earned cash.
For the most part, reload bonuses are pegged to how loyal punters are, meaning that as a punter accumulates hours at the bookie, said punter may be entitled to more bonuses. These bonuses also tend to be quite generous breaking the 100% threshold quite easily. Nevertheless, as with sign up bonuses, they will most certainly have their own terms and conditions known as wagering requirements. Make sure to read through those carefully.
Lastly, while bonuses, such as reloads are offered regularly based on a punter’s loyalty, bettors need to remember that the more successful at a bookie they prove to be, nevermind loyalty, sportsbooks will likely scale down the number of bonuses they come up with.
Betting On The Go? – You Bet!
Online betting has been a revolution in its own right, making betting as such so grossly popular that everyone with an access to a computer could bet. However, tasting a bit of freedom, punters have been clamoring for even more privileges. And privileges as such have arrived. Mobile betting punched things up a notch and today it seems to command estimated 60% of the market of all online betting. In a word, mobile betting really expanded the scope of betting.
We could hardly provide a list of the bet bonuses online when it comes to betting, but we can assuredly say that those known as mobile bonuses are a true gem. Normally, punters can use their phones to sign up for a standard offer, but bookies will now also come forth with incentives that are specifically tailored for mobile users who use a said bookie’s betting app. Oh, in case you have missed that. Mobile betting apps are virtually the bread and butter of sports book today. There is hardly a self-respecting booking out there which will forego to invest copiously into running its tiny but just as feisty version.
One important consideration punters should have in mind when placing bets is that in order to be eligible to withdraw the bonus, they may need to clear it at specified minimum odds. That is why punters who tend to keep track to the terms and conditions of bookies outsmart them more often than not.
Now, the question is whether a punter would need to deposit money in their account through a smartphone with their app. Not necessarily, as online sports betting is cross-platform, meaning users have one account for both the desktop and mobile version of the bookie. Another boon of mobile bonuses is that punters are eligible for those even if they have claimed their regular desktop versions.
The Crowd Is Its Own Master – Live Bets Online
If you think that mobile betting is omnipresent, then you should reconsider. Live betting has been picking up steam as well, completely independently as a matter fact. Still most in-play betting will be carried out through smartphones, but that is just as well. When it comes to online betting bonuses, in-play is where it is kicking at. Not only is that a great way to add a layer of fun to the whole process of betting.
For the most part, in-live bonuses will come as money-back wagers and free live wagers. If you are looking to qualify for an in-play bet, then keep your eyes peeled and try to wager ahead of time. Again, refer to the wagering requirements whenever such offers are currently running. For the most part, such punts will need to be placed ahead of time as well. Put in simplest terms, if you wager $30 that Arsenal will drub Tottenham before the event starts, you may notch up an in-play bonus.
Oftentimes, bookies themselves will reach out to customers and let them know about any special offers that are running at a given time. However, even if the amounts seems generous, a savvy punter would remember to always consider what the terms and conditions of using and redeeming bonuses are. For instance, live bonuses can quickly come with a rollover requirement.
A Hat Full Of Promotions Past And Present
Promotions – can’t live without them, can’t always bag them! Promotions are rather limited offers that can rightly be proclaimed the best bonus options out there. More often than not, respectable bookies will run them day in and day out. Here is the low-down of it all.
Before even considering a promotion, you have to, correct – check the wagering requirements. Promotions may vary from country and be eligible for certain regions while others have been gently left out or alternatives have been introduced. A quick research should help you understand more about:
- Validity of the promotion
- Sports/events featured
- Wagering requirements
One rather nifty thing you could do is cobble a sign up bonus and a promotion together and make the most of your betting fortunes. There are great many promotions out there, including:
Your Money Back Special
Bore Draw Money Back
There is certainly more promotions available. To circle back to our original discussions about online bets, let us consider the free in-play promotions. When talking soccer, punters claim the bonus and wager it prior to the final whistle of a match. More promotions tend to be:
- Best Odds Guaranteed – As the name suggests, bookies oftentimes will run their best odds upfront, guaranteeing the best profit yields possible. It would be advisable to also crunch your own numbers and see if the bookie is true to their word.
- Enhanced Odds – Your odds on steroids. On occasion bookies tend to sponsor certain players or teams and offer these so-called enhanced odds, guaranteeing higher yield. Still, enhanced odds tend to be slapped on the underdogs.
- Live Betting
- Daily Promotions
- A FreeBet up
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Bring A Friend – Because Online Betting Is More Fun This Way
Why should you get all the fun? As the name suggests, referral bonus programs are available to punters who already have an account. Existing members can invite their friends in on the betting action. In exchange for acting as agents, these punters are awarded cash prizes and related loyalty bonuses.
For the most part, the loyalty bonuses are free bets, remember those? And as it might be expected, they have their proper wagering requirements. In fact, a bonus would seldom be cashable as soon as you get it, because most bonuses are employed as a marketing opportunity for bookies who want to keep you going at their website, come what may.
For the most part, the refer a friend bonus is available only on condition that the invitee pulls their weight down and coughs up the required amount needed to wager in order to clear the threshold. What is more, more conditions may be applied to the offer, such as a certain period of time within which punters have to clear those. For example, trying to cash out on one’s earnings prior to fulfilling all qualifying criteria would result in the automatic forfeit of the bet. The wagering requirements, we have come to learn, are rather mandatory. Peruse them generously.
Bonuses For Many, Bonuses For Few
So, bonuses do cut both ways. They are often powerful psychological incentive for punters to plunger right into betting. Then again, they may throw a spanner in the works of bettors, asking of them to follow conditions and applying deadlines so that one’s judgement may be slightly off track. Well, they are bookies and that is their job. However, the savvy punter would also know how to circumnavigate this choppy sea of promotion crazes. Instead of falling for the mesmerizing songs of the sirens known.