Understanding Online Sports Betting Bonuses: What Are They?Posted by: Karim | Posted on: July 29, 2022
If you’ve ever browsed an online sportsbook, you’ve probably noticed all the different bonuses and promotions they offer. From matching first deposit bonuses to free bets and everything in between, these offers can be confusing for first-time bettors. In this article, we’ll explain what sports betting bonuses are and how they work.
Sports Betting Bonus:
A sports betting bonus is an offer from a sportsbook to incentivize new customers or reward loyal ones. Bonuses come in many different forms, but the most common are matching first deposit bonuses and free bets.
Matching first deposit bonuses are exactly what they sound like – the sportsbook will match your first deposit up to a certain amount, usually 100%. These bonuses usually come with wagering requirements, which we’ll explain later.
Free bets are also exactly what they sound like – the sportsbook will give you a certain amount of money to bet with, usually $25-$50. The catch is that you can only use this money on specific bets, and you won’t be able to withdraw any winnings until you’ve met the wagering requirements.
Why Do Sportsbooks Offer Bonuses?
Sportsbooks offer bonuses as a way to attract new customers and keep existing ones happy. With so many different sultanbet güncel to choose from, bonuses are a way for sportsbooks to stand out from the crowd.
How Do I Claim a Bonus?
Claiming a bonus is usually a very simple process. For matching first deposit bonuses, you’ll just need to deposit the amount of money you want to receive the bonus. For free bets, you’ll need to place a bet using your own money and then the free bet will be credited to your account.
It’s important to note that not all bonuses are automatic – some will require you to enter a promo code when you make your deposit or place your bet. Make sure you read the terms and conditions of the bonus before claiming it to make sure you know what you need to do.
Terms and Conditions of Sports Betting Bonuses:
All sports betting bonuses come with terms and conditions, which are the rules that you need to follow in order to claim and use the bonus. The most important thing to look for is the wagering requirement, which is the amount of money you need to bet before you can withdraw any winnings.
For example, let’s say you claim a $50 bonus with a 5x wagering requirement. This means you’ll need to bet a total of $250 before you can withdraw any winnings. Wagering requirements can range from 2x to 10x, so make sure you check before claiming a bonus.