Most, if not all, betting platforms offer players bonuses. These freebies boost bettors’ accounts, allowing them to enjoy more playing time without risking too much of their money.
But you may wonder, why do these gambling platforms offer bonuses? They do that to entice new players and reward and retain their existing customers. Betting bonuses come in different shades. But regardless of the type, you want to ensure you claim the best offers.
This article will highlight five different betting offers that you should consider claiming at a betting site. It will also discuss some of the terms and conditions to watch out for to enjoy the best from a betting offer. So without further ado, let’s get started.
Contents
Categories of Betting Bonuses
Before talking about our five betting offers, let’s quickly discuss the two main categories available. A casino bonus can either be a deposit bonus or no deposit bonus. For deposit bonuses, you need to make a qualifying deposit set by the gambling platform before you can claim them.
On the other hand, no deposit bonuses do not require any deposit. They are offered completely for free but usually less common than their counterpart. Depending on the online casino or bookmaker, you may also need to provide a promo code before you can claim a bonus.
Now that we’ve gotten that out of the way, here are the five different betting offers we promised to discuss.
Welcome Bonuses
This bonus is exclusive to only new players when creating an account with a betting platform. It can come in different types, such as risk-free bets in the case of sports betting or match deposits for online casino gaming.
As the name implies, the bonus is offered to newbies as a way to welcome them aboard. Some online gambling sites even go as far as offering free spins or free bets to their new customers.
Match Bonuses or Matched Bets
This is another popular betting bonus. Match bonuses are usually offered as a percentage of a player’s deposit or bets. Online casinos can offer a promotion where players can claim 100% of their first bet as a bonus. A bookmaker may also offer a ‘bet £25 get £25’ free bet offer.
That said, this type of bonus usually has a limit to the bonus amount you can claim, and it is usually specified in the promotion. Match bonuses are a typical example of deposit bonuses.
Free Spins or Free Bets
Free spins is a casino bonus that lets players play free rounds on slot games. In sports betting, this is offered as free bets where you will be given some bonus money to bet on some sporting events.
The number of free spins or free bets that you can claim depends on the promotion and generosity of the betting site. However, note that free spins are only usable on slot games.
Cashback Bonuses
This is another common type of bonus offered by gambling sites. The bonus is awarded as a percentage of the money lost on betting during a specific period. For instance, a sportsbook can offer players a 10% cashback bonus on their weekly losses.
The idea behind this bonus is to give players another chance at winning. So in the example above, if a player loses £5,000 in a week, they will be rewarded £500 as a bonus.
Loyalty Rewards
Top-rated betting sites reward their loyal players. They often have a loyalty scheme or VIP program where loyal bettors can enjoy special perks. This can include exclusive bonuses, invites to special events and dedicated account managers.
In most loyalty schemes, players get complimentary points for every real money game they play. They can accumulate these points and trade them for bonuses or other rewards.
Making the Most Out of Betting Offers
If you want to take full advantage of a betting offer, start by reading its terms and conditions. Most bonuses and promotions come with wagering requirements that specify the number of times you must wager them to claim the winnings. If the wagering requirements are too high, winning anything from the offer may prove difficult.
It would be best to consider the value of the bonus itself. How big is it? Huge bonuses with low wagering requirements are worth more than small bonuses with high playthrough requirements.
Also, pay attention to the applicable games and minimum odds when claiming an offer. If possible, go for bonuses with low volatility games or low odds requirements. This is because the risk that comes with them is usually lower. Other factors to consider include payment restrictions on the bonus and validity period.
Final Verdict
Undoubtedly, betting offers can be a great way to boost your bankroll and enjoy placing more bets. We’ve discussed our five bonus picks in this article – welcome bonuses, match bonuses, free spins, cashback bonuses and loyalty rewards.
Remember that betting bonuses and promotions can be categorised into deposit and no deposit bonuses. Besides that, an online gambling platform may require you to provide a promo code to claim its offer.
No matter the betting offer you want to claim, do not forget to consider its terms and conditions. Pay attention to the wagering requirement, game restrictions, minimum odds, validity period and others.
