If you have experience with sports betting, you probably know the golden rule “the more you bet, the higher your winning chances are”. The problem is that the more you bet, the more you can lose, as well. So, how can you increase your chance to win, without any risk of losing big sums of money?
CasinosHub seems like your best source of information related to online sports betting bonuses. This is the place where you can find everything about these kinds of bonuses, starting with the basics, that is, the way sportsbook bonuses work.
How do Sports Betting Bonuses work?
You’ve probably seen all kinds of bookies’ advertisements promising unbelievably high bonuses. But, you shouldn’t get lured in with their sweet talk. You can be certain that the sportsbooks are not willing to give away free money. Instead, they give bonus funds that you can’t use like real cash. But, you can bet with them. And if you happen to win, you get to keep that money.
The problem is that most of these bonuses come with a number of conditions, which are, in most cases, very difficult to fulfill. These bonus conditions are usually in the form of wagering requirements. What this means is that you are required to wager your bonus funds several times before actually being able to use them as real money.
What Do You Need to Know About Wagering Requirements?
Before you get too enthusiastic about a bonus offered by a sportsbook, you need to learn how these bonuses work. Almost all of them come with some sort of requirement. It usually is a wagering requirement, which is listed with numerical values. For example, if the requirement is 5x, it means that you need to wager the bonus funds five times in order to be able to use them as real money, that is, to withdraw them from your sportsbook account.
You should know that even if you manage to clear the requirement, you will receive money equal to the initial bonus. Let’s say that the bonus was 100 dollars with the wagering requirement of 5x. This means that you need to place $100 on five different bets. And if you won each of those five games, you would receive only $100. If you did the same with real money, you would probably make much, much more than only a hundred.
Furthermore, most sportsbooks will not allow you to bet on clear favourites. Instead, they will set the minimum odds. For example, bet365 requires you to bet on odds that are at least 1.50 (1/2). Other bookies might set an even higher limit.
Most Common Types of Online Sportsbook Bonuses
You can get bonuses and special offers from certain bookies, which you can then use to make real cash or to up the ante in your wagering. If this sounds, tempting, make sure to get all the info about these types of bonuses before committing to an online sportsbook.
Now that you know how online sports betting bonuses work, it’s time to learn about their types. There are several ways to claim a sportsbook bonus, most of which involve depositing your own money. Still, some bookies do decide to reward their players with no-deposit bonuses. For example, they can use this type of bonus as a way to incentivize new players to join their sportsbooks.
Sign-Up Bonus
There aren’t many bookies that don’t offer some kind of welcome bonus to newcomers. Some decide to reward the players with bonus funds as soon as the registration process is finished. However, these bonuses are in some cases almost impossible to claim due to harsh wagering requirements.
But, there’s another type of sign-up bonus given by sportsbooks. We’re talking about a match bonus on your first deposit.
Deposit Match Bonuses
Some bookies will match only your first deposit, while others will do the same each time you fund your account. But, they might decide not to match the subsequent bonuses completely. Rather than giving a 100% match deposit bonus, they might go with 20%, for example. What this means is that if you deposit $100, you will receive 20 bucks in bonus funds.
Free Bets on Certain Markets
If there’s a betting market that the players haven’t been too interested, the sportsbook might try to boost their interest by giving away free bets. For example, you might get a chance to bet on sports like kabaddi or ice hockey, which aren’t particularly popular among players. Of course, these bonuses also don’t come free of requirements. The sportsbooks are likely to set the minimum odds requirement on free bets.
Tips & Tricks to Find the Best Sports Betting Bonuses
The sooner you realize that the sportsbooks are there to take your money away, not to give it to you. That’s why if there’s a bonus offer that seems too good to be true, you can be sure that it’s probably not true. It’s likely to come with some kind of requirement that’s too difficult to clear.
The good news is that not all sportsbooks are the same. Some of them give away better bonuses than others. If you manage to find those bonus offers, you will increase your chance of actually making big money. Luckily for you, we’re here to help you out!
