Sports betting is turning to be not only a great way to express your thoughts towards your favourite game but a way to make some extra bucks. In this page we will cover some of the benefits of betting, some of the best sports betting bonuses to explore and a range betting types you could be part of.
From the many years that we have worked in the world of online sports betting, we are confident that we will bring to your some of the best insights when it comes to guiding you in placing the right kinds of bets and exploring different bonuses without spending much of your hard-earned money.
How to Determine a good Betting Bonus
A good online betting bonus is determined by the terms governing the bonus. This could be the games the bonus is restricted to or the wagering requirements that should be met to use the bonus. Wagering requirement simply stipulate the amount of real money you should wager before you are able to withdraw your winnings if you had redeemed a bonus. You need to also look at the qualifying bets, learn whether the bonus will be expiring any time soon, as well as, the minimum deposit amount you need to have before you qualify for the bonus money.
Bonus Amount
The bonus amount plays a role in determining whether the betting bonus is worth going for or not. When you have a huge bonus, chances are that the bonus will have plenty of terms and might take you a lot of time to go around the play-through requirements. This means that you should take a bonus that offers a reasonable amount of money and one that will make it easy for you to meant the wagering requirements.
Wagering Requirements
As I mentioned above, wagering requirements are the restrictions give to you before you withdraw your money after redeeming a bonus. You will realize that there are sites making the bonus money worth it while other place the wagering requirements very high making the bonus money not worth the hustle. If you find it easy to meet the wagering requirements, then the bonus would be worth redeeming.
The higher your bonus money, the higher the wagering requirements will be. In this case, it means that you should watch out on the bonuses you redeem. There is a lot of competition in the sports betting world and a lot of bonuses are being offered which means you should be keen on reading the terms and conditions before you go for a bonus.
Expiry dates
The expiry dates to a bonus determines whether it would be fit for you or not. Let’s say you plan to bet on weekends and you are making your deposit on Wednesday and are looking to redeem a bonus that closes on Thursday; this makes the bonus not worth redeeming. A bonus you are running for needs not expire before you make use of it, this will make no sense and tie you to the terms of the bonus even though you will not be using it but on the grounds that you had already redeemed it.
Qualifying Bets
A qualifying bet needs to be placed with your own money before you can get a free bet from the bookie. If you placed a bet with bookie M and another with bookie N, then you will have the two bets nullify each other and create a risk free scenario.
If the team X wins the bet and had an odd of 3.0 and placed a stake of £10, you will win the £10 stake plus £30; totalling to £40. When the lay bet loses, you will lose £30. This means you will have lost nor gained from the bet. $40-$10-$30=£0
What if you are being offered a £10 free bet by the bookie? If team X wins, you will win £40 without risking any of your money and when the lay bet loses you will lose £30 which means you will have a profit of £10 at the end of the bet. £40-£30(lay bet)=£10.
Deposits and Withdrawals
Before redeeming a bonus, it is always important to check on the deposit and withdrawal methods available. Do not always rush into checking on the bonus amounts on offer. Visit the cashier’s or the banking page to make sure that the methods on offer suit you. Without getting a favourable banking method, the bonuses will be useless to you; after meeting the required wagering requirements, you will not have a method that’s reliable to cash out your winnings, this is why it would be important to have a deposit and withdrawal method that you are comfortable using.
Different Bonus Offers
As you go for the betting bonuses, you need to understand that different online betting sites will offer different kinds of bonuses. In this section, we will learn of the different bonuses and the role they play. Some sites will offer all these bonuses while others will offer some. Depending on your preferences, you may choose to redeem some and leave others. Some of these bonuses include and not limited to; welcome bonuses, VIP bonuses, accumulator insurance, enhanced odds and no deposit bonuses among many more.
Enhanced odds
These are the kind of bonuses offered by the bookie when they alter the odds of a certain game to attract more bettors into their site. Sometime back in 2014, Betfair gave odds of 7/1 on arsenal to beat Everton but the normal odds stood at 1.5. This was a huge increase on the standard odds and the offer was available to new punters. When a bookmarker offers the enhanced odds, this could be a great way to make money out of a single bet.
To enjoy such a bonus, you bookie will always post an update when they have such enhanced odds and all you have to do is make a bonus and start placing your bets.
Accumulator insurance
Accumulator insurance bonuses are also known as acca insurance bonuses. They come in handy when a multiple bet you have placed is spoilt by a single match. The bonus dates back to the old days when we had football coupons. The accumulator insurance bonus insures you when one of your selections loses by having your money refunded so that you can be in a position to place another bet.
Some of the bookmarkers listed on our website offer accumulator insurances giving you assurance when you place an accumulator bet. Explore the different options you have of the accumulator bonuses and determine which will work best for you.
Welcome Bonus
Welcome bonuses may come in form of no deposit bonuses or in the form of match up bonuses. A welcome bonus is offered when a newbie in the sportsbook. You will get this when you make your first deposit or enter a promo-code that you might have received from a third-party website. The welcome bonus is meant to give you more bonus money and increase your play time. Most of the welcome bonuses are a match of the first deposit by 50%, 100% or 200% of the amount you deposit.
The bonus money you get from the welcome bonuses is subject to terms and condition which you should follow for better exploitation of the bonus money.
No deposit Betting Offers
No deposit bonuses are as easy to understand as they sound. These are betting bonuses offered to you without any need to make a deposit. To get the bonus you are required to register an account with the bookie of your choice, use the promocode offered and you will have your bonus in your account. You can use the no deposit bonus to play and make huge winnings but to cash out, you will need to meet the wagering requirements.
Free bets and Bet refunds
These kinds of bonuses are as described. When you place a bet at a bookie and it wins, you get the winning amount but when the bet loses, you will have your stake refunded either in an amount you could withdraw or as free bet money that you could use to bet on another game or match.
This bonus is similar to the qualifying bets bonus in calculating whether you will break even, make a profit or loss.
VIP Schemes
These bonus schemes come in handy for high roller players or the loyal players. You need to be a huge betting spender to enjoy the good that comes with the VIP schemes. One the other hand you need to be a loyal bettor at a bookie to receive an invite to the VIP scheme. These VIP scheme vary from one sportsbook to another. Some of the benefits you get could be free coupons, complimentary points on every wager you place or free bet money.
Have a look at some of the VIP schemes being offered by bookmarkers we feature on our website to see whether there are that suit your needs.
Best Price Guaranteed
The best price guaranteed packages are primarily offered on races either horse racing or greyhound racing. This bonus works by ensuring that you get the best price on the horse or greyhound you bet on. When you take a price on the horse or greyhound, you need not worry whether it will start at a bigger price but the bookie will give you the best price.
In case the starting price is bigger than your best price, you will be paid out at the highest odd.
Live Betting
Live betting is also referred to as in-play betting or in-running. This is the kind of betting that takes place after a game or match has already started. The beauty of this kind of betting is that you are able to access what is already going on before you can place your bet. In in-play betting, you are able to trade your positions and when you are right, you will be awarded on all the outcomes. Check whether you bookie offers the live betting feature; if so, you can go ahead and give it a try.
Live betting is not different from any other kind of online betting. The only difference is that your bet is restricted by minutes or seconds with regard o the type of wager you’re placing.
Mobile Betting
As we seek to make our lives more comfortable and appealing Sports betting has not been left behind. You are able to bet comfortably from your mobile device as long as you have a betting account and internet connectivity on your mobile device.
You can either access your bookie via the mobile browser or download their app on your mobile device. Log in to your account and you will be in a position to place bets as you do on your personal computer. Through mobile betting, you can place the in-play bet or the normal bets placed before the games starts. Everything is similar to your desktop bookie; the only difference might be the mobile betting bonuses which might be placed to entice more people to bet from their mobile phones and tablets.
Safety and Security
Since you will be spending your hard earned money on the bookmarkers, you major concern might not be the bonuses you get or the winnings. At the end of the day you’re primarily worried about your safety. You need not worry about this either; we have a huge list of bookmarkers that you can trust. Most of these bookies are regulated by various legal authorities and have licenses of operations in various jurisdictions. All you need to do is make sure that the bookmarker you are betting from is permitted to serve your jurisdiction.
Safety is of their primary concern which has prompted them to use encryption technologies which make sure that your personal and banking data is encrypted and protected from third party users. To make you safe, most of the sportsbooks do not save your data in their servers.
Conclusion
With all this information, it is not hard for you to make a choice on the bookmarker you should be placing your bets on. You are now aware of the kinds of bonuses you should be hunting for and identifying those that will work best for your betting needs. Feel free to contact us for more clarification or get in touch with the bookie’s support to have your questions answered. If the support team cannot be relied on, then you cannot rely on the bookmarker!