Today’s offshore sportsbooks offering online gambling options online are more competitive than ever. This is especially true if you are an active player in the US. Added competition from domestic books have raised the bar when it comes to online sportsbook promotions.
The top-rated offshore books operating online have put together a comprehensive package of promotional offers that are designed to extend your online betting bankroll. However, to make the most of these offers you first have to fully understand the terms and conditions attached to each one.
Read our guide on legal online sports betting in the USA.
No sportsbook, racebook or casino is willing to give something away for nothing. Online books have some extremely generous bonuses up for grabs but they come with strict guidelines for collecting that cash.
Sports Betting Deposit Bonuses
The most common sports betting bonus is tied to deposits into your betting account. The online books will match that deposit to a certain percent. The upper end is usually 100 percent, although some could go higher. For example, if you deposit $250 with a 100 percent matching bonus, you have the ability to double your money.
There are three things to take into consideration when it comes to deposit bonuses:
#1 Required Rollovers
#2 Timeframes
#3 Withdrawal Requirements
A rollover pertains to betting the amount of your deposit plus bonus amount. Using the example above with 10 rollovers, you would have to wager the $500 total 10x to collect the full bonus.
Most online books will set a specific timeframe for completing the rollover requirement. They will also post any specific requirements for requesting a withdrawal of those funds.
Understand the Terms and Conditions
The bottom line with deposit bonuses is fully understanding all the terms and conditions before signing up for the offer, which you should be doing for all online sportsbook promotions.
Heavy bettors with a high volume of weekly action can benefit from these incentives on a regular basis. The weekend gambler with a limited budget should probably look for other ways to extend their betting bankroll.
Fortunately, the top-rated online books have a number of different incentives that anyone can take advantage of. One of the easiest ways to earn some extra cash or free bet credit is through customer referrals.
If someone you recommend opens an online betting account with that particular book, you can benefit financially. Once again, this is another incentive offer where you have to fully understand the rules. Most online books have betting requirements tied to your referral before you can earn your incentive bonus. As long as your referrals are active bettors at that book, you will be able to benefit from their activity.
What Is Gambling Insurance?
Some online books will offer a refund on any net gambling losses. The period of time for this offer is normally on a monthly basis. For example, if you register a net loss on all betting activity over the course of the month, you could be eligible to receive a rebate on that loss.
Rebates on daily betting activity in a racebook betting on horses is another common incentive. This cash-back offer can pertain to all your betting volume win or lose. You should consult the rules for each rebate offer to see if they can work for you.
The easiest way to save money at any online sportsbook is to look for “reduced juice” betting options. Paying less than the standard 10 percent commission on any bet is not tied to any rules, restrictions or special requirements. While you never bet to lose, paying less juice when you can add up to quite a bit of savings over the course of the year.
There are always online sportsbook promotions available to claim, just follow the rules.