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Online casino players are very diligent about the pursuit of casino bonuses. They always seek chances to secure casino credits for free play or free spins they can use on designated slots. They also look forward to getting an opportunity to participate in gaming tournaments and sweepstakes drawing.
On the other side of the online gambling ledger sits sports bettors. They have the misfortune of having limited access to bonuses, often limited to welcome offers. Just the same, there are online bookmakers in Europe and the U.S. that value their customers enough to make sure bonus promotions are made available regularly.
The following information will focus on the types of bonus offers that online sports betting operators will generally make available to new and or existing customers.
Again, sports bettors typically have limited opportunities to go after bonuses. What opportunities they do get are generally limited to one of the three (3) following types of bonus promotions.
It's pretty much unanimous. All online sports betting operators have to put something on the table to draw new customers. Welcome bonus promotions are the predominant way that online sports bettors get a chance to get something of extra value. Here are the three most popular types of sports betting welcome bonuses that bettors will encounter.
The Matching Deposit Bonus - This type of bonus is often awarded at the time a new customer opens their online wagering account. The amount of the matching deposit bonus is typically calculated based on the amount of the new customer's first cash deposit. In all cases, the amount of the bonus to be awarded will be capped.
First Bet Bonus - This type of bonus is awarded after a new customer has placed their first real sports bet. It comes with a free bet amount that is awarded based on some percentage of the first bet amount with an appropriate bonus cap in place. Also, there might be restrictions placed on the qualifying bet. The restrictions could include a minimum bet amount, a specific type of sports bet, a sports bet on a specific market, and or a minimum odds requirement.
First Bet Bonus on Losing Bet - This type of bonus is very similar to the free bet bonus with one major exception. However, this bonus is only awarded if the new customer's first sports bet ends up being a losing bet. In other words, it serves as a rebate on losses or a risk-free bet opportunity. Also, there might be restrictions placed on the qualifying bet. The restrictions could include a minimum bet amount, a specific type of sports bet, a sports bet on a specific market, and or a minimum odds requirement.
Note: When free bet recipients hit a winning free bet, they will only receive the net winnings. That does not include the amount of the free bet, which gets returned to the online bookmaker.
This is an interesting bonus type for existing customers. New customers can also get access to this bonus type after they have completed the operator's registration process.
This type of bonus offers extra value on winning bets. It's often referred to as a profit boost. Customers are typically granted access to this type of bonus by placing a qualifying bet that meets certain criteria or via the receipt of a "boost token" that can be used at the customer's discretion.
As for the percentage of boost that's typically offered, it can vary from one offer to the next and one online sports betting operator to the next. It's not unusual to see boost percentages ranging from 20% to 50%. Also, there might be restrictions placed on the qualifying bet. The restrictions could include a minimum bet amount, a specific type of sports bet, a sports bet on a specific market, and or a minimum odds requirement.
Note: The profit boost percentage is only awarded on the net winnings of a winning bet. That does not include the original bet amount.
Once customers clear their new customer status, they are likely to find sports betting bonus opportunities to be rather sparse. However, it does happen, especially in proximity to special sports events like the Super Bowl, World Cup Soccer, or the World Series. These are often referred to as intermittent bonuses that are made available to existing customers.
Keeping in mind that intermittent online sports betting bonuses can come in many forms, here are a few of the most common types of bonuses a sports bettor might encounter:
All online casino and sports betting bonuses come with those pesky terms and conditions. Terms and conditions are set in place to limit the risk an online casino operator or bookmaker has to take related to a specific bonus promotion. Let's take a look at some common terms and conditions.
Expiration dates - When free bets are issued, they usually come with an expiration date that runs 7 days to 90 days from the receipt of the free bet token.
While casino bonuses typically come with exorbitant playthrough or rollover requirements, that's not usually the case with sports betting bonuses. In most cases, the bet amount only has to be rolled over one time before cash winnings can be claimed.
Sports betting market restrictions - a lot of free bets and boost offers will target very specific sports betting markets or events.
Bonus limits - to get access to a sports betting bonus, new and existing customers might have to make some type of minimum bet. There might also be a maximum bet amount listed for a particular promo. Also, it's commonplace for there to be caps placed on bonus amounts and or the amount of winnings one can claim from a bonus bet or profit boost.
Initial Time and Date limitations - Many times, new customers will have to take their initial actions within a specified time after completing the registration process. It might be as short as 24 hours or as long as 30 days. Once bonus money, boost tokens, or free bets are received, recipients will usually have a limited time to use them before they expire without value.
Usage limitations - If free bets are awarded, recipients might have to wager the bet amount as a single bet or in designated increments.
Withdrawal limitations - While it's unusual, there might be limits on the amount of bonus winnings that a customer can claim and withdraw. Even if there is no limit on the amount they can claim, there might be a limit on how much they can withdraw per transaction. With that said, customers can usually withdraw any cash amount that resides in their wagering account.
Summary: As an astute online sports bettor, it's up to you to seek out the sports betting services of online bookmakers that offer plenty of bonus options. To not do that would be to deprive yourself of the opportunity to secure extra value for your online wagering dollars. Remember, anything you can get for free from an online bookmaker is worth the time and effort to get it.
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