Common Types of Bonuses in Online Sports Betting

Online betting sites usually offer a variety of bonuses in a bid to attract new players as well as to retain the existing ones. Terms and conditions are generally attached to the bonuses to help filter the people who qualify for particular bonus types. Some of the most common betting bonuses are highlighted below.

Welcome or Signup Bonus

This is probably the most common type of bonus, which can be awarded to you after signing up for a new account and making the first deposit. The amount of signup bonus is usually dependent on the amount of first deposit that you make. In other cases, the Sportingbet Bônus is set to a predetermined amount for anyone who registers a new account. In addition to attracting new customers, it is also meant to help them start with larger bankrolls.

No-Deposit Bonuses

Some online betting sites offer no-deposit bonuses included in the signup bonus. These types of bonuses allow you to place some real money bets without having to deposit any money to your account. Since the no-deposit bonuses are free, the bonus amount is usually relatively small. They also have higher rates of rollover and many wagering requirements. Most betting sites offer this type of bonus during promotions or special sporting events.

betting bonus

Reload Bonuses

After receiving the first bonus when you sign up, some betting sites may also offer you a reload bonus on the next deposit that you make. This type of bonus is usually smaller when compared to the signup bonus. The reload bonus may also be offered during special events such as major tournaments.

Free Bet Bonuses

Free bet bonuses allow you to bet without risking your own money. You cannot collect the amount offered for the free bet, but if you wager and win, you can cash out the winnings. Most betting sites will only provide this bonus after at least one bet has been placed on any sporting event. The wagers that you can place are also usually limited by set waging requirements.

Bonus on Loss

Losing is not an uncommon occurrence in sports betting. Some betting sites offer bonuses based on the loss incurred since losing is part of the game as far as sports betting is concerned. The amount is usually a percentage of the lost wager.…