Say the word ‘bonus’ and everyone pays attention. And it’s the same thing in the casino and online sports betting industry. Bonus dominates the conversation. For advertisers and bookmakers, the drive to engage and attract players and bettors hinges on the quality of online sportsbook bonuses. And for the customers, it’s all about choosing the right set of perks and bonuses that are lucrative and can enhance the gaming experience. And this is where the most common issues come in for many bettors. What are the different types of online sportsbook bonuses? How do you pick the right bookmaker bonus? And do you maximize its use?
These are common issues faced by players and it’s normal if you ask these as well. In this guide, we take a look at the most common bonuses that you’ll encounter online.
How Sportsbook Bonuses Work
In the betting industry, a bonus comes in the form of bonus money or free wagers you can place on the sportsbooks. Operators and bookies have different ways of designing and awarding these bonuses.
Sportsbook Welcome Bonus
The most popular approach is to offer these bonuses to new customers who have signed up for an account. Also known as the new customer bonus, the welcome bonus is by far the most popular type of bonus you can find online. The welcome bonus is available as a percentage of the deposited amount up to a certain amount. For example, a leading bookmaker that accepts customers from the Philippines may announce a 100% deposit match bonus up to $100. This means that under this deposit bonus arrangement, you can double your initial deposit up to $100. If you’re a new bettor in the business, then the sign up acts as the most lucrative offer you can enjoy.
No Deposit Bonus
Another variation of this bookmaker offer is the no deposit bonus. Popular among leading online casinos, the no deposit bonus is also given to new players of the sportsbook who signs up and complete the registration of the account. However, the no deposit bonus is different compared to the standard new customer offer since you are not required to make a deposit. Just sign up and verify the account to enjoy the bonus.
For many bettors, the most popular offers are free bets. As the name suggests, these bonus bets allow you to place a wager on an event you want without risking your bankroll. The number of bonus bets that can be awarded to a customer will depend on the operator and the design of the promotional campaigns.
Aside from these standard promotions, there are other perks and bonuses that you can enjoy when you sign up with sportsbooks. Another popular bonus that you can enjoy is the reload bonus. You can earn this offer if you reload your account. In many casinos, succeeding deposits made on your account will reward you with a bonus. Just like the welcome bonus, this is expressed as a percentage up to a certain amount. For example, your sportsbook will offer a 30% reload bonus of up to $50.
There are sports-specific bonuses too that can boost your bankroll. For example, you can collect a bonus if you wager on March Madness. And during Super Bowl, some sportsbooks may offer incentives for customers who will submit wagers. Other sportsbooks offer custom promotions like Accumulator boosts, risk-free bets, and price boosts. Furthermore, some operators run a VIP campaign or comps points. Here, every wager made on the platform will offer points. And once you accumulate a certain number of points, you can exchange these for bonus money.
Don’t Forget to Read the Terms and Conditions for the Sportsbook Bonuses
In the search for the best online sportsbook bonuses, don’t rely on the biggest ‘amount’. As a responsible player, you need to read the terms and conditions of the bonus before you sign up and use it. One of the most important terms that you should verify is the roll-over. Also known as the playthrough, this rule explains how many times you need to wager the bonus before you can request a withdrawal. In short, the higher the playthrough (roll-over), the least friendly it is for you. As a rule, make sure you check out a signup bonus with a roll-over of x15 to x40. And since we are on this rule, there are instances when the roll-over includes the actual bonus and deposit which can be harder for many players especially beginners.
Make sure you check out the validity period of the bonus. Whether it’s a deposit bonus or a no deposit bonus, some operators will impose a validity period for its use. In most cases, a bonus is only active for 7 to 30 days. And in some platforms, the special bonus is only applicable for the duration of an event. For this reason, make sure to double-check with the Support Team the details of validity.
Online sportsbook bonuses are helpful to all players and they can boost the bankroll and even enhance the gaming experience. To maximize its benefits, make sure you know your options and always make it a point to read the terms and conditions.