Sports betting bonuses and promotions are the best way to make the most of your wagers. They can help turn the smallest of bets into fairly decent payouts and generate additional funds for free, prolonging your precious bankroll.
The recent trend in online sportsbooks is certainly working in the favour of sports bettors as there are plenty of great deals to be found. With a saturated market, competition is fierce and there are cracking bonuses being offered to attract new punters to the site.
Types Of Sports Betting Bonuses
The first bonus a new sports bettor will encounter is the welcome bonus. It’s hoped that the offer will be enough to attract the new customer to sign up and start betting. With this theory in mind, the best sportsbooks will also keep in mind their existing punters and ensure that they offer decent promotions to earn their loyalty.
Let’s take a look at the various bonuses you’re likely to find at the top-ranked regulated sportsbooks:
This is one of the most popular sports betting welcome bonuses. It instantly gives a new punter a boost to their bankroll and will often carry very low wagering requirements. Sometimes you’ll get a Free Bet just for signing up, other times you’ll need to make a deposit first.
Online sportsbooks may advertise the bonus as a £10 Free Bet or as Bet £10 Get £10 Free, it’s basically the same principle. You’ll need to wager £10 on an eligible market and then sit back and wait for your free £10 bonus to hit your account.
Free Bets are fairly low risk for the bookmakers and for the punters, well, you might just make a few quid and get your new sportsbook journey off to a flying start.
A risk-free bet bonus will cover your wager if you lose. It comes in the form of bonus credit but should you be fortunate to win, then you receive zero. These can often be found at sign-up or as an ongoing promotion.
Deposit Match Bonus
These are again, one of the most popular bonuses to be found. A deposit match is where the sportsbook offers a percentage match on your deposit. For example, 100% match up to £300 on your first deposit. These will usually have wagering requirements attached and it’s advised to check the bonus terms.
Accumulator bets can offer players considerable payouts from a fairly small initial bet. With these wagers, the bookmaker’s payout extra winnings should all your selections win. The size of your extra payout will be dependent on the number of selections in your bet.
Enhanced Odds/Boosted Odds
These can also be known as Boosted Bets and are a great bonus for any kind of bettor. Sportsbooks will often choose certain markets to receive an odds boost. This can often coincide with big sporting events like the Champions League. Some sports betting sites even offer enhanced odds on accumulator bets.
Terms And Conditions
With all sports betting bonuses, it’s advised to carefully read through the bonus terms and conditions to understand what you are claiming, the playthrough requirements and the validity period. Let’s take a quick look at what you could expect as part of those t’s and c’s:
Some welcome bonuses may have wagering requirements attached. This is the number of times you have to wager the initial deposit and/or bonus funds prior to withdrawal. Sports betting bonuses command lower wagering requirements than casino bonuses and some have no wagering attached.
Some payment methods such as e-wallets and prepaid cards may not be eligible to claim the bonus so it’s worth checking prior to signing up, just in case.
Several sports betting bonuses are subject to minimum odds such as 1/1+ or 1/5, for example. The qualifying bet you make to claim the bonus may also be affected by these odds so it’s worth checking the bonus terms first. These odds may also mean that you can’t bet on your preferred market with bonus funds.
Some sports betting bonuses are only available for certain markets such as in-play or outright win. You may also be restricted with which sports you can use your bonus for.
It’s important to check on how long your bonus is valid for, should you not playthrough in the time allocated, you will lose any claim on the bonus or winnings.