Learning about different online betting bonus types can help you a lot when deciding which bookmaker to register with. To help you navigate through different promo offers and get to know what the key points you should pay attention to are, we have made this quick but comprehensive guide.
What online betting bonus types are there?
At the time when there are more and more online bookmakers opening daily, sifting through the offers is getting increasingly difficult. However, there are some key terms and bonus types you will see often enough to warrant an explanation. So, let’s start with one of the most common ones.
Find some of the popular online betting bonus offers in the table below.
First deposit match
You can see this type of offer in a variety of welcome bonuses. When you open a new account, the operator will match your first deposit. The deposit is usually matched 100% or more, up to a certain amount, essentially doubling your initial stake.
For example, you place a deposit of KSh500 and get an additional KSh500 in free bets. The fact that the bonus funds are paid in free bets carries certain limitations. You won’t be able to withdraw them and there usually is a certain time frame in which they have to be used. There will also commonly be minimum odds at which you have to bet, often 1.50 or 2.00.
No deposit bonus
No deposit bonuses are another one of common online betting bonus types. New customers get them just for signing up. Because of the fact that you are getting something without having to invest anything, no deposit bonuses are, naturally, smaller. Furthermore, in order to withdraw your potential winnings, you will have to fulfil certain rollover requirements. Although they are great for new customers, who are just trying out a site’s services, these kinds of bonuses often turn out to be more expensive to actually claim.
First bet bonus
Apart from bonuses activated by making a deposit or opening an account, there are bonuses which activate when a customer places their first bet. Bookmakers will usually place certain restrictions regarding the bets, such as the minimum stake and the odds. It is also often the case that the operator requires you to place more than one bet before you can claim the bonus. Once the bets are settled, customers will be rewarded a fixed amount of money in free bets.
Online betting promotions
Online betting promotions are an essential part of any online betting experience. Bookmakers organize them often because they are the most effective way to keep a steady influx of new customers. On the other hand, they also keep the existing customers engaged, especially around bigger sporting events. You can usually find the relevant promotional offers on the promotions page when you visit a website.
Online betting sign up bonus
Sign up bonuses are the types of bonuses whose main purpose is attracting new customers. You will usually be required to enter a bonus code during the registration process before you can claim the offer. We have already discussed some of the most common types you will find, but the important note is that you should always pay attention to the terms and conditions. If an offer sounds too good to be true, it, sadly, usually is.
Reading the fine print below each offer will help you understand it better and give you clear instructions on how to claim it. We would encourage you to shop around for offers and compare how they stack up against the competition.
How to find online betting bonus offers?
The best way to keep up with the current online betting bonus offers is to visit the operator’s website. As we have mentioned, websites will usually have prominent pages with online betting promotions, but also feature offers on the home page. You can also find review websites which compare different promotional offers so you can easily find the one that best suits you.
Online Betting Bonus Types: Conclusion
Choosing a bookmaker with the best bonus offers can give you a real head start when it comes to betting. That is why you should make sure to look beyond the welcome offer and also check out the promotions offered to the existing users. See whether the bookmaker offers promotions for the events you plan on betting and compare the offers with other bookmakers.
From the customer’s perspective, the fact that it can only take you a couple of minutes to compare different offers puts you at a great advantage. Use the advantage wisely and make sure to read the terms and conditions tied to each offer. This will help you fully understand the offers and also clear up any misunderstanding that might initially occur.