One of the best things about signing up with a new online sports betting site is the offers and promotions that you can take advantage of. Customer account holders will routinely be notified of new offers to entice them to keep betting.
But the promotion that usually gets most of the attention is the one activated when you sign up for a new account. This offer is designed to stand out from the crowd – and to make you sign up with one bookmaker, rather than another. But how do you know which sportsbook bonus is the best? Read our guide to welcome bonuses to find out.
First Deposit Match
This bonus has turned out to be the most common of welcome offers in recent years. The idea is that you register for a new customer account and make your first deposit of funds. Whatever you deposit is then matched – by a certain percentage – by the sportsbook.
Your deposit will usually be matched 100%. But some sites might offer even more than that – or offer a variety of matches across a series of deposits. There will usually be a minimum amount that you can deposit, coupled with a maximum bonus amount available, with this offer.
Although it is very rare that any online betting site will offer customers something that is actually completely free, this bonus can be an excellent way to get started without staking too much. Once again, you may have to deposit some funds into your new account – but you will then be rewarded with a ‘free’ bet.
As with all welcome offers and promotions, you should always read the small print to find out just what is expected of you to claim these free bets. Typically you will need to place the bets with a minimum odds level set, or you may have to use them on a particular event.
This sportsbook bonus is similar to the free bet offer but does differ in one crucial way. You will have to deposit some funds into your customer account and then place a first bet – with or without some restrictions. The welcome offer here is that if your bet loses you will receive the stake back as free bet. So, if you bet on the winner of the World Cup and your prediction turns out to be incorrect, you would get your money back.
Essentially, the sportsbook is giving you a free go on a bet as you will get your money back if it turns out to be a losing selection. Obviously you then have a free bet bonus with terms and conditions of its own – and this promotion doesn’t feel as exciting as a huge deposit match. But it actually gives you more chance of getting something just for placing a bet compared to some of the other bonuses.
This offer has become quite common in Europe, where online sports betting sites quite often have a casino section as well. Sometimes you may find that the free spins are included as part of a bigger welcome bonus that also offers one of the other types we have already profiled.
The actual bonus is exactly how it sounds. When you sign up and meet the requirements of the offer, you will receive free spins on a designated slots game on the site. Most times any winnings go straight into your withdrawable funds.
No Deposit Bonus
Depending on the terms and conditions attached to this bonus, this offer might be regarded as the best of the lot. Here customers can expect some kind of bonus just for signing up for a new account. As the name suggests, there is no need to deposit any money into your account – you will just receive your bonus on completing registration.
This kind of bonus usually offers free bets and/or free spins that obviously come with their own requirements. But this is probably as close as you will ever be to getting something for nothing when it comes to online betting sites.
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