Learning about different online betting bonus types can help you a lot. It is useful in the situations when you decide which bookmaker to register with. To help you navigate through different offers and the key points, we have made this comprehensive guide.
What online betting bonus types are there?
At times when there are more and more online bookmakers, finding the right one is difficult. Yet, 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, doubling your initial stake.
For example, you place a deposit of KSh500 and get KSh500 in free bets. The fact that the brand pays the bonus funds in free bets carries certain limitations. You won’t be able to withdraw them and there usually is a certain time frame in which the users have to use them. There will also 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 for signing up. Because of the fact that you get something without investing anything, no deposit bonuses are smaller. To withdraw your potential winnings, you will have to fulfill certain rollover requirements. They are great for new customers, who are trying out a site’s services. Yet, these kinds of bonuses often turn out to be more expensive to claim.
First bet bonus
There are bonuses which activate when a customer places their first bet. Bookmakers will usually place certain restrictions on the bets, such as the minimum stake. 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 get an amount of money in free bets.
Online betting promotions
Online betting promotions are an essential part of any online betting experience. Bookmakers organize them as they are most effective in keeping a steady influx of new customers. They also keep the existing customers engaged, especially around bigger sporting events. You can usually find the relevant promotional offers on the promotions page.
Online betting sign up bonus
Sign up bonuses are the types of bonuses whose main purpose is attracting new customers. You will need to enter a bonus code during the registration process. You should do this before you can claim the offer. 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, usually is.
Reading the fine print below each offer will help you understand it better. It will also give you clear instructions on how to claim it. We would encourage you to shop around for offers.
How to find online betting bonus offers?
The great way to keep up with the current online betting bonus offers is to visit the operator’s website. Websites will usually have prominent pages with online betting promotions. They will also feature offers on the home page. You can also find review websites which compare different promotional offers. In this way, you can find the one that 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. Users should also check out the promotions offered to the existing users. See whether the bookmaker offers promotions for the events you plan on betting. Then you can compare the offers with other bookmakers.
It can only take you a couple of minutes to compare different offers puts you at a great advantage. Use the advantage and make sure to read the terms and conditions tied to each offer. This will help you understand the offers and also clear up any misunderstanding.