The iGaming sector is a highly competitive industry and this provides a number of benefits to new customers in the form of bonus incentives. Let’s look at the various bonuses and offers provided by online sportsbooks.
Bet and Get bonuses are a highly popular incentive amongst online sportsbooks. As with most bonuses, your first bet must generally be at minimum odds of -200. You should carefully read the terms and conditions for all bet bonuses. These bonuses are usually offered by online sportsbooks, which provide incentives for sports betting to attract new players. New players are given a promo code to open their account and if they place $10 on their first bet, they will receive $30 worth of free bets. Please note that it is almost always the case that the free bet stake is not included in any winnings.
Bonuses that offer a money-back as a free bet are similar to Bet and Get offers; the difference here is that if your first bet loses, you will receive the stake back as a free bet to use again. As for Bet and Get offers, the free bet bonus amount is not included in your winnings. These offers will be particularly popular with the World Cup due to take place at the end of the year.
Practically every online sportsbook has an online casino, so there are often sign-up bonuses, which feature free bets along with a casino bonus in the form of free spins or free credit to use on the online casino. This is another example of offers that benefit both customers and businesses. While any winnings from free spins are usually yours to keep, there are often wagering requirements of anything up to 50 times the credit amount when you are awarded bonus funds to use in the online casino.
Deposit bonuses are usually the most lucrative sign-up bonus offers, but you should always approach these bonuses with caution. While they are often highly generous offers, for example, a 100% bonus up to $100 means if you open an account and deposit $100, you will receive a bonus of $100. The catch with these incentives is that they come with wagering requirements, which means you often have to bet the bonus amount anything between five and 60 times within a certain period before the bonus funds are added to your account for withdrawal as real cash. It is especially important to read the terms and conditions of deposit bonuses before committing yourself to difficult wagering requirements.
There is a wide range of bonuses and free bets for new players in the iGaming industry. Hopefully, you now understand the bonuses better and are in a position to select the best bonus to suit your betting needs. However, you should always examine the terms and conditions of bet bonuses to understand the wagering requirements fully.