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Betting Bonuses- Types and How to Use Them

Welcome offers are nothing new when it comes to making sports bets online, as it has had an impact on the popularity over the past couple of years. It is the perfect way for new customers to be rewarded for signing up for an account, as they will be able to take advantage of an excellent incentive. There are a range of different betting bonuses that can be found online, and these differ depending on the sportsbook that you’re signing up to.

However, understanding what each bonus offers you as the customer is vitally important before signing up, and below we will explain each bonus and how you can use them online.

Free Bets

Every customer, regardless of the field that you are in, loves to hear the word free. Many sportsbooks have tapped into that, as they offer free bets after making a qualifying stake. These are the simplest offer to take advantage of, as your new account will be credited with the free bets after you have met the wagering requirements outlined in the terms and conditions.

For the most part, you will need to make a minimum bet at odds of 2/1 or greater to be eligible for this offer. However, the number of free bets that you will get in return does differ depending on the site that you’re signing up for. Some sportsbooks will offer £20 in free bets, while others will give £30 in free bets. The available bonus for Coral here is an excellent example of the free bet bonus.

Matched Deposit

The matched deposit is another excellent promotion that is offered by a number of the leading sportsbooks, and always works very easily for new customers to claim. This bonus will see customers get the exact amount that they deposit into their new account matched by the sportsbook. The vast majority of sportsbooks that offer this bonus offer a 100% matched deposit, while others will offer a 200% matched deposit.

Players looking to claim the 100% matched deposit will need to carefully read the terms and conditions before signing up and depositing their funds, as the offer will only apply to your first deposit. However, this offer could see customers double their bankroll before even making a bet. For example, players that deposit £50 could get an additional £50 from the sportsbook before even making their first bet.

Risk-Free Bets

One of the newest offers that are being offered by a selection of the leading sportsbooks is the risk-free bets. This bonus ensures that the first experience that players have online will not be a losing one, as they will get their money back should their selection be a losing one.

Once again, the terms of the offer are important reading, as there will be a maximum bet that players can make to claim this bonus, and that shouldn’t be exceeded should you wish to get your money back if your selection loses. However, the offer works easily as you simply just need to make your first bet to take advantage. Then, if your bet wins, then you are given the returns. However, if the bet is a losing one, then you will get the stake returned.

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