Understanding Sports Betting Bonuses and Promotions
Bonuses and promotions are quite a common feature with online casinos and sports betting sites. They are not just appealing for regular customers; these bonuses are targeted towards potential customers as well. Bonuses are an incentive to potential customers to join the site while promotions and loyalty programs are meant to keep existing customers hooked to the site and to continue playing, which in turn generates the income for the site. There are a variety of bonuses that are used to promote the sports betting site. These include welcome bonuses, sign up bonuses, reload bonuses, refer-a-friend bonus and loyalty programs. Most sites have a system of giving points to customers placing wagers. These points can be exchanged for various merchandize, gifts, prizes and sometimes even cash. Bonuses benefit both, the players as well as the customers. Although they are aimed to increase your betting power by increasing your bankroll, they also generate income for the site when you play for a longer time with the bonus.
Bonus offers may be a great deal for the player; they however do not dictate the success or strength of your bets unless you make the right wagering decisions. Some of the most common types of bonuses and promotions are discussed below.
Sign up Bonus
The sign up bonus is one of the most common and regular kind of bonus that is seen in sports betting sites as well as casino gaming sites. You only have to sign up to the site to be eligible for this bonus. Once you register and get the email validated, you will immediately see the bonus included in your account. This is the simplest of bonuses where you need only to sign up and your account will automatically be credited with bonuses ranging from $10 to $30. That is not a bad deal at all since you can bet without actually making any deposit. However, you might want to see if there are any terms and conditions attached to the bonus.
First Deposit Bonus
The first time deposit bonus is another common benefit that sports betting sites offer. This bonus is given to new customers when they make their first deposit at the sports betting site. Usually it is a percentage of the deposit. Each site has its own percentage rates which range from 100% match to even 500% or more subject to an overall limit. The minimum deposit is usually $20. So, to give an example, the site could offer 100% match bonus limited to $1000. Suppose you deposit $100 in your account, you will be credited with $200. Each site will promote their first deposit bonuses to the best advantage.
Besides the first deposit bonus, there are recurring or reload bonuses. Usually, gaming sites will add an extra 50%-75% benefits on all subsequent deposits you make up to a certain limit. In some cases, the sites will offer bigger recurring bonuses up to 200% but only on limited number of deposits, like say for the next four deposits that you make. That is pretty much a common feature that you see at most sports betting sites.
If you introduce a friend to the site, you will get a bonus on the first deposit the friend makes. This bonus is usually a small amount but the more friends you introduce to the site, the more bonuses you earn.
The sports betting sites dont just offer bonuses. There are also a bunch of other promotions for clients. Promos can range from parlay bonuses, guaranteed odds, and a bunch of other offers including loyalty points and VIP Programs. Loyalty points can be accumulated and later redeemed for variety of prizes and goods. VIP programs also bring additional benefits to players, although they are meant for the high rollers and big spenders who generate massive income for the sports betting site.
The discounts are also very popular promotions in sports betting sites. They cut down the cost of certain bets that you make, yet you still increase your chance of winning bigger prizes.
Look at the fine print
Normally, casino and bingo sites have better promotional offerings. All sports betting sites offer bonuses sparingly; some may not even offer any bonus. However, when you are offered a bonus, ensure that you read all the terms and conditions that go with it. You can either opt for the bonus or choose to skip it depending on your ability to fulfill the wagering requirements. Make sure that you look at the fine print and check if there is a catch before acquiring the bonus or promos. You might be able to use the bonus on particular sports only, or might have to play through it a certain number of times, and so on.
Should you looking at bonuses alone?
Nothing is free in this world and when it comes to bonus offerings, there is always a catch some requirements to fulfill before you can actually withdraw the bonus money. Agreed, a bonus increases your wagering power, but what good is a wager if you lose your bet and lose the money in the bargain? So, it is important to bet on the right type of sport, make the right decision while placing your bets and above all, understand the terms and conditions for the promotional offers before you take the plunge.
Looking at the promos on the sites, you can see which games the sites focuses and whether the particular site is the best option for you. Again, it is fun to enjoy the bonuses and all the promos but if you won’t be able to use them for your betting advantage, it would be best to look at other, more viable options. Start with the top sites like sportsbook.com and superbook.com Look at their selection of promos and bonuses. If you wish to focus on bonuses, you can do so, but remember that they can only do so much for your gaming success.