All about the betting bonus

Betting bonus

When choosing a new bookmaker, one of the things you should pay special attention to is the betting bonus you can get. In this article, you will find out more about bonuses in general, the types you can expect and how to make the best use of them.

Bonus Betting

What is a betting bonus?

A betting bonus, like its name suggests, is a bonus offered by a bookmaker as part of a promotional offer. Bonuses are usually given in the form of ‘free bets’, or additional funds you can use for betting.

An important note with every bonus is the fact that you need to read the T&Cs tied to each offer. No operator will give anything without getting something in return, which is why it is always a good idea to see what is your part in the deal.

Some of the most important points you need to pay attention to are:

  • min stake,
  • min odds,
  • expiry date,
  • and any other restrictions that might prevent you from claiming the bonus.

Types of betting offers online

As the online betting market becomes more and more crowded, operators are competing to attract new customers and keep the existing ones. This has made them particularly creative when it comes to promotional offers. We will explore some of the typical betting offers you can expect to find on different betting sites.

You can check the sports brands reviews for their offers in the table below.

PinnacleRead the review18+, Terms apply
Royal PandaRead the review18+, Terms apply
SportingbetRead the review18+, Terms apply
SportsinteractionRead the review18+, Terms apply
LadbrokesRead the review18+, Terms apply
MoPlayRead the review18+, Terms apply
UnibetRead the review18+, Terms apply

No-deposit bonuses

Sometimes, operators will offer a no-deposit bonus as a welcome offer. As you might have guessed, this bonus is given to users immediately after sign-up and doesn’t require a deposit.

No-deposit bonuses are perfect for users who are new to betting because they don’t have to put their own money at risk. On the other hand, these bonuses are usually much smaller and the wagering requirements and rollover rates are much more strict.

Reload Bonuses

Reload bonuses are offered to active users, who have already made their first deposit. They are similar to most welcome bonuses in the sense that the operator gives users a percentage of their deposit as betting bonus cash. However, the percentage rewarded is usually much smaller, and the offer lasts for a very short time. For example, the bookmaker will usually have a happy hour or a day when they will give users an additional 30% on a deposit.

Risk-free Bonuses

Sometimes, the term ‘free bet’ can mean other than additional funds. Instead, operators will give users the opportunity to place a bet, and then refund the invested amount in case the bet loses. This is usually done to prevent new players from leaving the website entirely if they lose a bet. They are also commonly tied to major sporting events when there is usually a large influx of new customers.

Loyalty Bonus

Loyalty bonuses are meant to keep the existing customers engaged and interested. They usually involve collecting loyalty points which can be redeemed for free bets, cash or other bonuses.

Event-Specific Bonuses

With every popular sporting event, many operators try to include special bonuses as tie-ins. Depending on the market they want to promote, these kinds of offers can vary significantly from one operator to another. That is why if you plan to bet on a specific event, it is a good idea to shop around and compare different betting offers online, before placing a bet.

Betting welcome bonus

This is by far the most common betting bonus type. Nearly every single online bookmaker will offer users a bonus just for signing up. Welcome bonuses are usually given with the first deposit, or after the user places their first bet.

The bonus amounts can be fixed, or come as a percentage of the deposited amount. For example, if the user deposits $50, the bookmaker will give him/her a 100% match on their first deposit, which amounts to a $100 total.

Betting bonus: Conclusion

As you have seen, there is a vast variety of bonuses you can encounter while browsing through betting offers online. All of them are made with a single purpose of keeping the users around and engaged.

As the competition among online bookmakers increases, the consumers usually profit. That is why you should leverage your advantages and compare different offers before committing to an operator.

As we have already said, it is essential you pay special attention to the terms and conditions of each offer. Don’t let yourself be guided solely by numbers, but carefully look at what is expected of you, so you avoid any misunderstanding.