Essential Things You Need to Know About Sportsbook Bonuses

Introduction – Betting Bonuses and promotions

The sports betting industry is becoming more competitive every single day. Online sportsbooks are trying to lure new customers and to keep regular players playing at their websites. One of the best marketing strategies for that is, without any doubt, bonuses, and promotions that operators give to their betting customers.

But it is important to know that there are several different types of bonuses and that in many cases bigger is not better.

When it comes to bonuses and promotions, it is crucial to read the terms and conditions of that offer. And then pay special attention to the fine print. Doing so, you will be able to determine if a specific bonus is good enough for you.

Let us talk about essential things regarding bonuses and promotions.

Types of Betting Promotions Sportsbooks Give to Their Customers

All the bonuses we can divide into three categories:

Initial Bonuses

The initial bonuses are given to the newly registered users, and they are, in most cases, one-time bonuses. The most popular type of bonuses is without any doubt Welcome Bonus, and there are not many sportsbooks that don’t have this type of offer. With Welcome Bonus, operators give bettors the percentage of their initial deposit.

Another exciting type of bonus is a no-deposit bonus. With this type of bonus, sportsbooks give a fixed amount of money to newly registered customers without a need to make a deposit.

Except for those two most popular bonuses, some sportsbooks offer to their new customer. Free bets, matched bet bonuses, and rarely no-lose bet bonuses.

Reward Bonuses

Except for bonuses that lure new players to register at the specific sportsbook. There are reward bonuses that sportsbooks give to their regular customers, as a form of reward for loyalty.

Most popular reward bonuses are cash-back bonuses where bettors receive a certain percentage of their losses back and reload bonuses. Which is a type of bonus where customers receive an additional percentage on their second, third, or even fourth deposit.

Other attractive reward bonuses are loyalty and high-roller bonuses. With these types of bonuses, sportsbooks reward loyal customers and players that spend large amounts of money on their websites.

Exclusive betting Promotions

Most of the best online sportsbooks occasionally offer their players special promotions in the form of unique betting bonuses related to a large sporting event, like the Olympic Games, Super Bowl, or Soccer World Cup.

Also, sportsbooks instead of these exclusive bonuses, offer to the customer’s promotions in the form of free bets, or enhanced odds on specific events.

Pay Attention to Wagering Requirements

The wagering (or rollover) requirements are specific rules which players must fulfill in order to move their bonus money to real money account. Wagering requirements are different at every single online sportsbook, and those can be a crucial factor when you determine if some bonus is worth taking or not.

For example, sportsbooks will condition their customers that they need to rollover bonus funds several times (usually from 3x to 50x) with minimum odds, or sometimes with a minimum number of selections and odds.

So if your sportsbooks ask you to rollover your $100 bonus money 5x with odds no lower then 1.50. You will need to wager at least $500 in 1.50 or higher bets to fulfill wagering requirements.

As you can see, wagering requirements are an essential part of every bonus and promotion. And the quality of these requirements distinct average bonus from an excellent one.

Don’t Try to Trick Sportsbooks

Have one thing in mind; sportsbooks don’t love bonus hunters, and they will do anything in their power to give your hard time if they think that you will try to take advantage of their offers. In every single sportsbook in the world, it is against the rules to have two bonuses active at the same time.

Also, to prevent fraudulent behavior, sportsbooks have a rule. That a welcome bonus can be claimed only once per household and IP address. Our suggestion is to avoid bonus abuse practice and to focus on profitable betting strategies. So that they can give you the chance to make some serious profit from sports betting.

Have in mind that all respected and reliable sportsbooks have fraud departments that follow and exam your betting history. So, if you tried to trick the online sportsbook, by claiming a double bonus, or you broke any other online sportsbook rule, you will be punished severely. Depending on your offense, you may lose the bonus, or even your account might be suspended or closed permanently.     

Conclusion

It is sweet to get a welcome bonus or any other additional betting bonus or promotions from your favorite sportsbook, but it is also important to follow the rules. It would be best if you prepared yourself before you start placing your wagers at any respectable sportsbook.

We suggest you to read the Terms and Conditions of every bonus or promotion that you can get and to know what is expected from you. That way, you will be able to make a profit and to have fun while placing your sports betting wagers.

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