Bonuses add more interest to players’ betting routines. Thus, all bookmakers offer different promotions to attract new bettors and maintain active players. From this guideline, you will get to know the intricacies of the most common bonus formats available on gaming platforms. We will also look at how to claim these promotions to make the maximum profit as Sport Betting Bonuses .
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Betting Bonus Formats
The number of online bookmakers is becoming more and more diverse these days. To exist in this competitive environment, every betting site has to attract players in any possible way. Bonuses are one of the ways to do it. That is why there are a lot of bonus formats designed both for new and loyal users. If you check the GGBET bonus webpage, you will find the popular titles described below in more detail.
Deposit Bonus
Deposit promotions are widely available in many bookmakers. The most common example of this format is a bonus for new users. It is also known as a welcome promo that matches a deposit amount.
On many occasions, bookies offer a 50% or 100% welcome bonus to claim. It means bookmakers multiply by 1.5x or 2x the player’s first deposit. For instance, you fund your new account with $200 on a 50% welcome promo. The bonus cash you will get is $100.
Some gambling platforms give a match bonus on the player’s first, second, third, fourth, and even more deposits! Choose a bookie with the most appealing bonus options. Also, do remember that deposit bonuses are subject to rollover requirements, which means how many times you have to wager that bonus before it can be withdrawn.
Free Bet Bonus- Sport Betting Bonuses
The other popular format is free bets. With it, a bookmaker will usually give you a free bet that matches your first deposit or your first wager, often only if that wager fails.
These bonuses often act like insurance on your first bet, making it impossible to lose the first stake. Then, these free bets also should be wagered. Remember, when placing a bet using them, you’ll lose your initial stake amount and get only the winnings from this bet. As you may notice, free bets have easy betting requirements to meet since it is enough to place a bet with them.
No Deposit Offer
As the name suggests, this format requires no deposit and usually is given to gamblers after joining the site. It is a great way to test the site, trust the process and place a wager without funding any money to your account. Sometimes, these bonuses can come with specific promo codes you should enter for activation.
However, since bookmakers are concerned about gaining profit not less than you do, they place stricter conditions on no deposit bonuses. It includes:
1. Low limits on winnings;
2. Higher rollovers compared to deposit promos;
3. Limited time for meeting requirements.
Despite these strict conditions mentioned above, no deposit bonuses allow you to place bets for free. Just read thoroughly the T&Cs before activating any offer.
Cashback
Cashback is a bonus format where a bettor is eligible to receive a portion of their money back from losing bets. It serves you an amazing opportunity to soften the flow of a losing streak and try to recover a part of your bankroll once again. Typically, bookies may offer different types of cash back bonuses, including:
- daily;
- weekly;
- monthly;
- on all loses;
- on deposit percentage;
- VIP cashback;
So, cashback allows you to get extra cash even for losing. The bonus percentage usually differs from 10 to 30 percent. Choose a gambling site according to your preferences. As with any other bonuses, there are wagering requirements to be fulfilled before any withdrawals.
VIP Promotions- Sport Betting Bonuses
A VIP program is another way to reward players for their loyalty to this or that gambling platform. Therefore, the program can also be considered as a loyalty club. Typically, you join this club automatically after registration and can rank up the available levels gradually by placing bets. The higher your VIP status, the more perks you can get. It may include:
- increased cashback percent;
- lower betting requirements;
- personal support team;
- special offers;
- more favorable odds;
How To Get Bonuses Properly
We have already sorted out the most common types of both deposit and free betting promos. Now, it is time to understand how to claim these bonuses properly. For this, follow the steps below:
- Create an account with a selected site.
- Read thoroughly the bonus police.
- Make a qualifying deposit if needed.
- Place wagers.
- Meet the wagering requirement.
Finally, make sure you understand other conditions attached to a selected bonus. Before meeting rollover requirements, double-check such factors as the time limit given for this, the minimum odds, and sports eligibility for the offer.
