Sports betting has picked great momentum recently and people are crazy about the promotions they get offered. To attract customers again and again, and to keep them entertained throughout, casino websites are offering bonuses and promotions. What if you get to know that you can get double the amount that you wagered on your favourite sports team? Or, the bonus that you receive after playing a game can be wagered?
All such instances are super exciting. Aren’t they? Sportsbook always offers several different bonuses constantly that you as a player can use. Irrespective, if you are a new or an existing player, the bonuses are available for all. Such bonuses can be leveraged in several ways, like, matching your deposit, betting for free, refunding money, doubling winnings, etc. Visit FreeBetting365 to enjoy your bets and obtain bonuses.
Several players are betting on such websites only because they offer the best bonuses. Such bonuses help to boost your bankroll and they also have to wager requirements. With the help of bonuses and promotions, online sportsbooks strive to retain their existing customers and also attract new customers. Let us dive deep into the different types of bonuses offered by online sportsbooks.
Popular Bonus Types Explained
Below mentioned are some of the popular types of bonuses:
1. Welcome Bonus
This is the most widely offered bonus by almost every other online sportsbook to all new players. This type of bonus is usually packed with bonus funds that usually match the first deposit made by every newcomer after signing up. Different percentages of welcome bonuses are offered depending on the sportsbook type. That said, some offer a 100% bonus as well. It means if on such a sportsbook, a user deposits $100, they will get the entire amount as bonus cash. This will make the amount deposited $200.
Along with the bonus cash, several other benefits are included in the welcome package to make the onboarding smooth for new players. Though, to be eligible to withdraw the welcome bonus obtained, a player must fulfil the wagering requirement of the sportsbook.
2. Free Bets
This bonus is a form of bonus offered for players of all levels. They are very similar to the deposit bonuses but contain a few peculiarities due to which they are being put into a different group. A free bet is a kind of bonus cash that is being offered to all kinds of bettors, above the first deposit they make on the sportsbook. Though, one of the flaws of this kind of bonus is that you can only use it for a few selected bets. For instance, if the sportsbook with which you are playing wants its players to place a bet on a certain team to win the odds by 15.0 or more, the player can only expect to win the potential free bet on this result.
3. Deposit Bonus
Similar to the welcome bonuses, a deposit bonus is also given to the players who sign up for the sportsbook and make their first deposit. Though, this particular bonus offered doesn’t offer any benefits except the bonus funds. Having said that, when you place bets on an online casino, you can expect to receive bonuses like 100%, 200% or even 500% at times. That is all the platform offers to players for making their first deposit. Nothing else is offered along.
The twist with the welcome bonus and deposit bonus is that the player can only opt for one. They cannot have both the bonuses at the same time.
4. No Deposit Bonus
Another very popular bonus that players love to receive after they sign up with a sportsbook. This bonus is given to the bettors only because they signed up with a particular sportsbook. As the name suggests, the bettor is not required to make deposits to receive this bonus. This bonus type usually comes in the form of free bets. Though, it should be kept in mind that the withdrawal of this bonus type is a challenging task.
Having said that, its withdrawal is the only flaw associated with this bonus type. If you leverage the free bets provided to place a bet and turn out to win that bet, you cannot withdraw the amount won. To be able to use or withdraw the winning amount, you will have to fulfil the wagering requirements laid. That said, ultimately a deposit is to be made, and the player will also have to place a certain number of bets to claim the winning amount.
5. Reload Bonus
This is a special bonus offered only to those players who have been a part of the sportsbook bettor community for a long time. Such bonuses are offered at the time of the next deposits made by the bettors. Though, they are not similar to the deposit bonus that will match the amount deposited for the first time. The reload bonuses are offered at the second/third/fourth time the deposit is made. A player when making further deposits with the sportsbook can expect to receive around 10% to 50% on top of the deposit made.
Claiming Bonuses At Online Sportsbook
As discussed there are several different types of bonuses offered by the online sportsbook, though you will also have to know the ways to use them. Below listed are the steps to claim their bonuses;
- Keep checking the sites available for the promotions and bonuses offered.
- Look for a reliable sportsbook that has already catered to a good number of bettors and is a legitimate website to place bets.
- Pick the bonus that they want to claim.
- Read the terms and conditions carefully.
- To sign up a player is required to click on the bonus offer or if required enter the bonus code.
- Create an account first to avail of the bonus or be eligible for one.
- Before withdrawing the winnings, it is required to fulfil all wagering requirements.
The Bottom Line
The bonuses offered by betting websites help them make the most of their games. Also, a player should know the best way of using the bonus so that they obtain the maximum benefits. A wide range of bonuses is offered for the bettors to decide what to choose for their games to make them more interesting.