The Most Popular Types of Bonuses you Can Find on Betting Platforms

When choosing a sportsbook, bettors prefer websites with appealing bonus systems. Decent promotions can significantly increase your bankroll, making gambling more fun and exciting. Therefore, it’s essential to learn everything about the most common types of bonuses you can get on sports betting platforms. In this article, we’ll tell you about deposit bonuses, free bets, and no-deposit offers that are worth your attention.

The Most Popular Bookmaker Bonuses

Below, we’ll discuss the most widespread bonuses that customers can get on sportsbooks. They have different purposes but still can be quite beneficial for bettors.

Welcome Bonus

A welcome bonus is among the most commonly found offers on sportsbooks. Its purpose is to attract new customers and encourage them to make a deposit. As a rule, bookmakers double or triple your initial deposit, adding extra funds to your account that you can use for betting purposes. As usual, you must join the gambling website, verify your account, and make the first qualifying deposit.

The size of a welcome bonus varies from one sportsbook to another. Some platforms offer generous deals that can reach up to $500, while others stick to modest amounts like $100-$200. The percentage of the deposit that a bookmaker matches also varies. It can be from 50% to 200% of your initial payment. In any case, it’s always worth checking out a welcome bonus before registering an account on a sports betting website. More about welcome promos you can learn on bettingsider.me.

Reload Bonus

A reload bonus works similarly to a welcome offer but is targeted at existing customers. Its purpose is to encourage them to top up their account balance and keep on betting on the platform. Sometimes, bookies offer reload bonuses on certain days of the week or during big sporting events like Wimbledon or the Super Bowl.

The size of a Reload bonus also varies from one sportsbook to another. As a rule, it’s not as generous as welcome offers. Still, depending on the conditions, you can get anything from 20% to 100% of your deposit back as an extra reward for topping up your balance. The wager is the same or lower, and the minimum odds may be lower.

No Deposit Bonus

A no-deposit bonus is an excellent opportunity to check out a gambling platform and its features without spending any cash. It’s one of the rarest bonuses that you can find on sports betting websites as it doesn’t require customers to make a deposit. All you need is to verify your identity, and the bookmaker will credit some funds or free bets to your account.

The size of such offers varies from $5-$25 in most cases. The terms are also different across sportsbooks, but usually, there are restrictions regarding maximum winnings and withdrawal limits connected with this type of deal. In other words, if you want to withdraw the money earned with a no-deposit offer;  you may need first-place bets worth several times the initial sum given by the bookie. Find a sportsbook review that interests you if you want to know more about no deposit bonuses.

Free Bet

A free bet is a specific type of bonus that allows you to place bets without risking your own money. As a rule, bookies credit free bets to your account balance as soon as you register on the platform or make your first deposit. The amount may vary from $5-$10 up to several dozen of dollars (depending on the sportsbook). Sometimes, you can receive a free bet offer on your birthday. Some bookies provide free accumulator bets, meaning that you need to add several sporting events at the same time.

Free bets can be used on any sporting event the bookie offers. The only requirement is that you must place them within a specific time frame. If your bet wins, then the money goes to your account balance and becomes available for withdrawal. However, if it loses – you don’t get anything back. Note that free bets usually have higher minimum odds than regular ones because they are risk-free.

Express Bet of the Day

The express bet of the day is a special type of bonus that can significantly increase your chance of winning. It consists of several sporting events, combining the odds into one accumulator bet. The main advantage here is that you don’t need extensive research on every match because bookies have already done it for you. All you need to do is place a bet and wait for the result

However, there’s also a downside – if even one event in your express bet loses, you won’t receive any winnings. Nevertheless, this offer allows casual bettors to get some extra money without too much effort by just placing one accumulator instead of multiple bets.

Cashback

Cashback is a special offer that returns you a percentage of your losses during a specific period. It can be either daily, weekly, or monthly. For example, if the cashback program promises to return 10% of your losses per week and you’ve lost $100 during this time frame – then the bookmaker will transfer $10 back to your account balance. Cashbacks are usually expressed as points that can later be exchanged for real money or free bets. Sometimes. cashback may be a part of a loyalty program.

Wagering Requirements and Bonus Rules

You should also check out their bonus conditions when choosing a bookie. Learning about the wagering requirements is essential because they define how many times you must bet before cashing out your winnings. For example, if a sportsbook offers a 100% deposit match up to $100 and imposes an x5 requirement, you need to place bets worth at least $500 ($100×5) before being able to withdraw money.

Another thing worth mentioning is the minimum odds rule which stands for the lowest betting odds accepted by the bookmaker when using bonus funds. If a minimum odds requirement is set too high (for example, 2.0), then it would be almost impossible to win anything substantial without taking excessive risks. The best way to find out about the bonus requirements is by reading user reviews or contacting customer support.

So, to help you out with choosing the best sportsbook bonus, we provide you with the list of things you need to check out every time you want to receive a promotional offer:

• Wagering requirements.
• Time restrictions.
• Minimum odds requirements.
• Payment method exclusions. 
• Maximum payout.
• Eligible countries.

These are the most important factors to consider when picking a sportsbook bonus. Of course, you may also want to check out other aspects related to the betting experience, such as the user-friendliness of a website or mobile app, markets and odds, payment methods available and so on. Some sportsbook review sites can also provide you with additional information.