Best online betting bonuses

There are 1001 reasons to join the burgeoning online sports betting world. Besides the unmatched convenience, online betting sites come with a ton of bonuses. Typically, sportsbooks give new players a match-up betting bonus or risk-free bets. For loyal players, there is never a short supply of bonus bets and cashback promotions.

But whether you’re a new bettor or a loyal one, finding the best online betting offers can really up your game. So, this page lays down the foundation for your online sports betting bonus adventure and how to enjoy them to the fullest.

Best online betting bonuses
What are betting bonuses?How do online betting offers workHow to use betting bonusesTips and tricks for bonusesResponsible gambling
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No Deposit Bonus

No Deposit Bonus

The many bonuses that await brand-new bettors at most betting sites come in a mixed bag of every shape and size. All punters need to look at is the page where the betting site list every online betting bonus they offer.

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Free bets

Free bets

It might be difficult to find online betting sites that are not offering free bets of some kind. At the same time, a free bet can pertain to many other promotions, so it can sometimes be confusing, especially if the bettor is a newbie.

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What are betting bonuses?

What are betting bonuses?

Basically, a sports betting bonus is just a marketing tool. They are given to new bettors to sweeten the deal after a successful sign-up process. But the prizes are not only availed to new players. Existing bettors also get a reward for their unshakable loyalty to the sportsbook brand. The award can be free bets, cashback, welcome bonus, player referrals, and so on.

But why do sportsbooks offer bonuses? First of all, the cut-throat competition doesn’t allow any sportsbook to sit back and wait for players to sign up. Therefore, most of them launch an offensive marketing drive to lure and keep players.

On the flip side, bettors will always make do with additional free bets or money deposited into their betting accounts. This is especially true for beginners who needs some wiggle room to get the hang of the bookie.

Below is are the main advantages of betting bonuses:

  • They help players settle quickly in a sportsbook.
  • Bonuses help reduce the risk by allowing bettors to stake for free.
  • They are easy to trigger.
  • Bonuses help sportsbooks attract and retain players
What are betting bonuses?
How do online betting offers work

How do online betting offers work

Punters must first create a sportsbook account and get the promo code to claim sports betting no deposit bonus. The bonus code is a set of numbers/letters for triggering a bonus promotion. In most instances, bettors must make a minimum deposit before the bonus activates.

After meeting the conditions, the reward will automatically reflect on the betting account next to the actual balance.

It’s vital to note that bettors can’t withdraw the bonus money instantly. That’s because there is a playthrough requirement to fulfil. Sometimes called the rollover requirements or wagering requirements, these are the set number of times to play using the bonus before withdrawing.

So, suppose a sportsbook is generous enough to offer new bettors a 100% up to $100 welcome bonus. Thanks very much! But then, there is a 10x wagering requirement. So here, if a player deposits $50, they get a $50 bonus. To collect this bonus, the player needs to wager $500 ($50 x 10). Luckily, bettors don’t need to wager the total amount in a single bet.

In addition to the wagering requirements, also take a look at the following things:

  • Bonus expiry date (usually 30 to 60 days).
  • The maximum stake amount.
  • The eligible deposit method, although uncommon.
How do online betting offers work
How to use betting bonuses

How to use betting bonuses

So, how do bettors place a stake with the free money or bets? Fortunately, it’s not so much different to making traditional sports bets. Start by adding the match selection to the betslip. Once this is done, proceed to place a stake.

You’ll see the option to use the available bonus if any. Remember that if the stake value is more than the total bonus amount, the balance will be deducted from the main wallet. The information is clearly visible in the confirmation slip. Good luck!

How to use betting bonuses
Tips and tricks for bonuses

Tips and tricks for bonuses

Is there really any strategy to get the most out of betting bonuses? Below are some of them:

Know the available options: It pays to learn a few things about the types of betting bonuses. The most common bonus type is no deposit, where the bookie matches a percentage of the deposit. Conversely, some sportsbooks offer free bets no deposit. In this case, gamers get bonus money without depositing anything. Apart from these two, bookmakers also offer rebates, free bets, reload bonuses, and referrals. So, choose the one that involves minimal risks.

Low rollover requirement: Take this example; a sportsbook offers an eye-popping $1,000 welcome reward. Immediately, you sign up and account and claim it only to realize that the bonus has a 10x rollover requirement. Even worse, this condition is to be met within a week. Unless one is a heavy gambler, betting $10,000 in a week is a mirage. In the world of sports betting, a deal that looks too good to be true probably is.

Go for higher minimum stakes: Interestingly, sportsbooks don’t allow players to stake just any amount with their bonus money. If that were the case, then most gamblers would quickly meet the rollover requirement. So, to avoid this scenario, they place a cap on the maximum stake during the bonus period. Therefore, going for higher minimum stakes means meeting the rollover requirements a lot sooner.

Busting out: Some gamblers choose to bet on long odds. Now this means if their bets win, they remain with less playthrough requirements. In sports betting, this is called busting out. But as good as it sounds, this process may need a considerable bankroll. Nevertheless, sportsbook rollover requirements are still worth completing.

Use back and lay betting: Suppose you place a $10 bet on Horse A to win a race with 5.0 odds. If the horse wins, it means you get $50. This is called back betting. On the other hand, lay betting involves staking money for the horse not to win. These two bets ensure you maximize the profits while keeping the bookie’s bonus. Remember, the objective is to win and withdraw.

Tips and tricks for bonuses
Responsible gambling

Responsible gambling

Ready to claim the bonus now? Well, hold your horses first! It’s vital to remember that sports betting is not a do-or-die affair. As such, don’t go overboard trying to meet the rollover requirements.

Betting with emotions rather than strategy can only lead to one outcome – more losses. So, create a bankroll and avoid chasing losses.

Responsible gambling

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