The changing of gambling laws in many states and regions around the world recently has resulted in a surge in the popularity of online sports betting sites. Many new customer account holders have signed up with online sportsbooks to explore this exciting new world.- Betting Bonus Types
One of the main attractions when it comes to registering with an online betting site is the promise of a welcome bonus. These firms use promotions as an incentive for potential customers to pick them. There are quite a few different offers around at the moment, so we thought we would put together a sportsbook bonus guide to explain what is available.
This is one of the most popular sign up offers – for both customers and sportsbook. The idea of a free bet is very enticing for anyone who is getting to grips with online sports betting. What needs to be explained though, is that there will always be some terms and conditions when it comes to this free bet.
It could be that you need to make a qualifying wager first – or that you need to deposit a certain amount of funds into your new account to receive the free bet. The other thing to note here is that the free bet stake is rarely included in any potential winning returns.
Another very common welcome bonus is the deposit match. Sportsbooks will trip over themselves to offer bigger and bigger percentage matches – but new customer account holders will usually be offered a 100% match on their first deposit. This effectively means that you will double your money straight away.
But do make sure you read the small print once again. The bonus funds will come with some requirements. It could be that you have to use the bonus money as one bet and/or that you only have a certain time to use the bonus. There may even be some wagering demands as well.
Whatever the bonus is you should always read the terms and conditions carefully
Enhanced Odds- Betting Bonus Types
This kind of sportsbook bonus is more likely to come without so many strings attached. It might not seem quite as glamorous and life-changing as free bets or 200% deposit matches, but boosting the odds of your first bet might actually end up bringing more money into your account
As you will have probably guessed by now, we advise any new customer account holder to read all the terms and conditions for any sportsbook bonuses, but this one is a bit more straightforward. You will simply get a better price for your selection – and that means more potential returns.
No Deposit Bonus
This kind of sportsbook bonus is a little rarer than some we have already looked at. They almost seem too good to be true (but there are those all-important terms and conditions to consider, of course). Here, you will receive a bonus without even having to deposit funds into your new account.
This bonus is perfect for newcomers who want to get a feel of a sportsbook before they invest too much into their account. You will probably find that the wagering demands are higher but can be useful if you time your registration with a big event, such as the World Cup or Super Bowl.
Check Offers for Existing Customers
We’re not saying that you should not take any notice of the welcome offers when you are deciding on which sportsbook to sign up with. But it might be more useful to check out the full complement of promotions on the site.
Your welcome bonus will come and go – probably quicker than you think. But if your sportsbook keeps on offering bonuses as a sign of loyalty and gratitude, it might be worth carrying on. Always take a look at what you are likely to be offered as you continue to be a customer. It’s a better way to judge how your business is appreciated.