Online Sports Betting Bonuses
Online sports’ betting is an industry that has grown in leaps and bounds. This has also pushed the bookies into new territories, and that’s why we are seeing the emergence of several different categories that were unheard of just a couple of years down the line.
One such territory is in the bonuses. Today, there is very stiff competition in this industry, and bookies have resulted in offering different bonuses in a bid to outdo each other.
In this article, we will take a look at some of the common bonuses available on online bookies.
Welcome/ Signup Bonuses
This is the most common type of bonus offered by bookies as a welcome token for new members.
On most bookies, you will be required to sign up and make a deposit, before the bonus can be awarded to you.
In most cases, the bonus amount that a player is awarded is calculated based on a percentage of the amount that has been deposited. However, there are those bookies that will award a small bonus amount, without necessarily basing it on the percentage of the amount deposited.
In addition to attracting new bettors, the welcome bonus is a good way of helping new players to increase their bankroll.
In normal circumstances, you will find most bookies offering a welcome bonus of 50 or 100% of the total deposit. Assuming a player deposits $100, the bookies will reward them with an additional $50 or $100.
This version of bonuses is much smaller when compared to the percentage bonuses offered by sportsbooks. Although they are also offered upon sign up, they come in a fixed yet smaller amount.
The best part is that these types of bonuses allow bettors to use the money on any gaming event.
This type of bonus is also very common, and a lot of online sportsbooks reward new sign-ups with it as part poof the welcome bonus package.
Upon sign up, a bookie will deposit the no-deposit bonus in your account, and you can use it to lace some bets without having to deposit any cash in your account. However, given their free nature, the no-deposit bonuses come in very small amounts.
Additionally, some bookies may offer the no-deposit bonus during special gaming events, or promotions. Some common events where bookmarkers generously offer players the no-deposit bonuses include the NBA Championship, major golf tournament, the Super Bowl, popular car races, or during the World Series.
However, the no-deposit bonuses come with high wagering requirements and rollover rates.
If you are a beginner, and you are not ready to risk your cash in this industry, then the no-deposit bonuses will come in handy.
Then there is the reload bonus that you will get on your next deposits, once you have received the welcome bonus. This bonus comes in a relatively smaller percentage when compared to the welcome bonus.
In some instances, you will find a bookie opting to offer a reload bonus during special promotions, as opposed to the regular reload bonuses.
Free Bet Bonuses
These are the punters’ dream come true kind of bonuses. With them, you can be able to place wagers without risking your cash.
Just like their name suggests, the bonuses are free to receive, and you do not need to deposit to get them. However, they come with strict wagering requirements.
In most cases, the bookie will require you to place at least a single bet on a sporting event, before they can reward you with the free bet bonuses.
Match Play Bonuses
Matchplay bonuses can be compared to a coupon that is only used once. To qualify for this type of bonus, a punter will be required to meet the minimum rollover requirements set by the bookie.
These rollover requirements vary depending with the bookmarker, but once you meet them; the match play bonus will be credited into your account.
Bonus on Loss
In sports betting, losses are a common occurrence, and since bookies know this pretty well, a majority of them reward players with a bonus on loss.
This way, a punter will feel “comforted” following their loss, and many will not opt to leave the bookie after all.
In most cases, the bonus on loss is offered as a percentage of the amount lost. This is one of the best motivations that a punter can receive from a bookmarker, especially after experiencing some losses.
If you remain loyal to a sportsbook, they will most likely award you with a loyalty bonus as a token of appreciation.
The bonus includes some of the accrued loyalty points that the bookie gives a punter each time they place a bet.
For some, the bookie will allow the punter to redeem the accumulated points for either free bets or cash.
High Roller Bonuses
If you are a high roller with a large bankroll or who can bet big, a sportsbook could offer you a high roller bonus. This is usually a percentage of the deposit amount and can be a large amount, helping you to increase your bankroll by almost 50%.
For example, many sports betting sites offer a high roller bonus of 50% on deposits of $1,000 or more.
These are the most commonly found online sportsbook bonuses that you can take advantage of when betting on your favourite sporting event, game, race, or match.
Accumulator (Acca) Bonus
This is a type of bonus that offers a punter some enhanced terms if they happen to win. In simple words, an Acca bet will allow you to walk away with higher winnings, by boosting the percentage of your winnings.
With an accumulator bet bonus, you will receive a bonus in addition to your winnings.
An accumulator bonus is usually awarded after you place two or more bets, which all result in a win.
There are several bonuses that a punter can enjoy while betting on different gaming events.
The list above is a good reference point for both new and old punters who are looking for ways to boost their profits, in this lucrative industry.