Bonuses are a big part of sports betting and if you leverage them correctly you may well find a significant increase in your profits. By understanding bookie offers you’ll be able to use the bonuses wisely and effectively.
With this in mind let’s explore the sportsbook bonuses that are usually on offer in more depth.
Sign up or Welcome Bonus
The idea behind this bonus is to entice you to play. It normally takes the form of a small cash amount or a percentage of what you deposit. Check the terms and conditions on the bookmakers sign up bonus so you know how much you have to wager to cash out. This is called the rollover. Use the extra cash to either increase your stake or take on a wider range of bets.
Cash Bonus
The advantage of a cash bonus over a percentage bonus is that you can use this bonus on any sport or event. As such, and given that it is a bonus you may want to use it on a big sporting event. You never know, you might get lucky.
No Deposit Bonus
No deposit bonuses are offered either at sign up or to promote a massive sporting event like the World Cup, Tour de France, Superbowl and so on and so forth. You don’t need to make a deposit to get it, it simply is a bonus added to your account.
As it is free money, you’ll find a more extensive rollover applies.
Use this deposit if you can to familiarise yourself with the site before using your own cash, and to boost a wager that you fill good about.
Reload Bonus
The reload bonus is normally offered after you’ve made your first deposit to entice you to make a second. They tend to be small amounts. You may also be offered a reload bonus when a massive sporting event is on the horizon again to entice you to bet.
Check the terms and if you’re happy, use it instead of your own cash.
Free Bet
Rejoice it is free bet time. The idea here is that you get a free bet without having to use any of your own cash. They are normally deployed once you have met the wagering requirements of the site.
Match Play Bonus
The match play bonus is a little like a one time use coupon. Once you have met the rollover requirements, the match play bonus is deposited into your account ready to use. Again, with this kind of bonus familiarise yourself with the rollover.
Loss Bonus
Loss bonus or bonus on loss is where you are offered a bonus should lady luck not be on your side. Bookies are well aware that a high number of losses can cause punters to look elsewhere and so they give you a bonus to keep you interested.
Use it, why not.
Loyalty Bonus
Loyalty bonuses normally take the form of points that you can redeem for free bets, cash bonuses and so on and so forth.
High Roller Bonus
If you are prepared to deposit a high amount, some sports betting sites will give you a high roller bonus, which can be as much as 50%. Again check the terms so you know where you stand.
Leverage bonuses and use them to your advantage.