The betting industry is one of the most competitive industries in the world, with many different providers all trying to do what they can to attract customers to their site. The betting markets they offer, sports coverage and odds all play a part in making them stand out.
However, on top of this, sites will use betting bonuses to attract players, and then regular customer offers to keep them happy on the site. These offer a great way for players to pick up a great deal, either to get started with a new site, or as an existing customer on a site they already love.
What is a Betting Bonus?
If you’ve never claimed a bonus before, you are probably wondering what these are. There are generally two different types of bonus that you can claim, a free bet or a matched deposit. These both offer you a different type of bonus, but both offer you a reward for being a customer.
Free Bet Bonus
A free bet bonus is a single bet that you can use, and many bonuses are given out in this way. These will vary in size, and usually are given based on either a deposit you make, or a bet you place. Fulfil the requirements of this, and you will have the free bet bonus in your account.
The difference between a free bet offer and the matched deposits that we are going to talk about next is that the free bet bonus is usually given as one free bet, to be spent on one selection. The matched deposit bonus is given as funds for you to spend as you wish, across multiple selections if you want to.
Matched Deposit Bonus
A matched deposit bonus is given to players, and this type of bonus is seen as the best way to get started as a new player if you are opening an account. A matched deposit bonus, as the name says, is based on a deposit you make into the account, which is matched by your bookmaker. Many offers match these to 100%, so the bonus you receive will be the same amount as the deposit you make.
Funds from a matched deposit bonus are usually added to your account, and you are able to spend these as you wish, across one bet like a free bet bonus, or across many different bets, if you wish.
How to Claim Betting Bonuses?
If you would like to claim a betting bonus, then most of these are available to customers who open a new account with a bookmaker. As a reward for opening an account, and to attract new customers, bookmakers will offer bonuses to players.
Alongside this, existing customer offers will also be available with some bookmakers. These are usually smaller bonuses, but a great way for players to keep getting a good deal while they bet with their chosen bookmaker.
Where to Find the Best Betting Bonuses?
Bookmakers will compete with each other when it comes to bonuses. The offers available will vary, but there are some great offers out there that you can claim if you are looking for a new betting account.
Remember to look out when there are big upcoming events on the horizon. From time to time, bookmakers with change their betting bonuses, and around big events is when they are most likely to do this.
Key to finding the best deal for yourself is to shop around. Browse the offers we have available, compare the size of them and the terms and conditions attached around them, and work out which is the best option for you.
Terms and Conditions for Your Betting Bonus
One aspect of the bonus you claim that is important to know and understand is the terms and conditions that are attached to it. These come in a variety of different ways, so look out for the following terms and conditions attached.
- Minimum odds requirement
- Minimum deposit amount
- Selected deposit methods
- Specific sports or markets only
- Expiry date on bonuses
- Wagering requirement on winnings before withdrawal
Of course, when you receive a bonus from your bookmaker, some or all of these requirements will be attached. The key is knowing and understand them, so you know what you have to do in order to successfully claim the bonus and receive the funds properly. Understand these, and know what you are looking at and what you have to do, and you will be able to claim the offers with ease and enjoy what you receive from your bookmaker.