It has never been as easy to place sports wagers as it is these days. Mobile sports betting apps enable punters to place bets on almost any event at any time of day using their mobile devices. That sure beats having to meet a local bookie in a back alley or some other shady place. The convenience of online sports gambling has also spawned a whole new generation of sports bettors who have made a significant impact on the industry’s bottom line.
While betting on sports makes billions of dollars annually, it actually accounts for a very low percentage of the gambling industry’s overall profits. Still, we are talking about billions of dollars and the betting companies won’t just let those profits pass them by. Every online bookmaker is doing everything they can to make you bet with them. It’s now the norm for sportsbooks to have mobile betting apps and they almost all offer valuable sports betting bonuses.
Kinds Of Sports Betting Bonuses
There are all kinds of different sports betting bonuses that you can easily take advantage of. There aren’t too many people that would pass up a no-deposit cash bonus or a free bet. There are plenty of these available and they are a great way for punters to win some cold hard cash without risking any of their own money. Perhaps the most common bonuses that online sports betting sites offer their customers are match bonuses. This means that the bookie will match a certain percentage of your deposit. Many online sportsbooks will even double or triple that amount. These bonuses are usually reserved for new customers who make their first deposit but many sites offer these types of incentives on reloads as well.
Free bets are another popular way for online sportsbooks to attract new customers. You can sometimes get a free bet just for signing up with an online bookmaker. There are often restrictions on how you can use your free bets such as allowing you to only wager on certain sports. Your free sports bet might be required to meet minimum odds and you will likely need to rollover any winnings before you can cash out. Nevertheless, free bets make it possible for you to win real money while you enjoy watching your favorite sport.
Punters who become VIP members or join loyalty clubs at their sportsbooks are normally given a variety of perks like cash bonuses and free bets on a daily, weekly or monthly basis. VIP and loyalty clubs usually work the same way. The more you bet, the bigger the bonus. It’s true that high rollers benefit the most from these plans but people with more modest betting budgets also have plenty to gain.
One of the lesser-known ways to get sports betting bonuses at online sportsbooks is by referring a friend. Quite often, online bookmakers will give you some kind of betting bonus as soon as your referral makes a real-money deposit. Be sure to find out if your online bookmaker has a referral program.
How To Use Sports Betting Bonuses
The typical online sports betting bonus is usually credited to a player’s account immediately after they have met the requirements. No-deposit bonuses are normally issued after successful registration and deposit bonuses and reload bonuses are usually issued after the deposit has been processed. Almost all cash bonuses come with strings attached so it’s important that you read and understand the terms and conditions that apply to any bonus that you claim.
One of the first things that you’ll want to know is what the inevitable rollover requirements are. This will tell you how many times you need to wager the bonus amount before it can be cashed out. If you got a $10 no-deposit cash bonus and it comes with a 10X rollover then you will need to place $100 in sports wagers before the bonus money is yours to keep. Those who accept these sports wagering bonuses will also need to know the bonus’s maximum payout. Let’s say that you met the rollover requirements for that $10 bonus. Even though your bonus account shows that you have, let’s say, $200 in it, the terms and conditions of the bonus might limit you to cashing out just $10 although it is quite often more than that. Hey, it’s still free money.
Free bets work much in the same way. Once you determine what sports or events you are allowed to wager on it is then time to find out about the rollover requirements and the maximum payout along with any other fine print. You will occasionally come across a free bet bonus that has no strings attached. If you win your bet then the money is yours to keep. It is worth noting that no-deposit bonuses frequently come with tougher conditions than deposit bonuses, reload bonuses, and VIP bonuses.
Basic Types Of Sports Bets
When it comes to placing your wagers using either bonus money or free bets, it’s helpful to know exactly what types of bets you can place. Again, some bonuses might place restrictions on the types of bets that you are allowed to place but many do not.
The simplest sports bet that you can make is to simply pick the winning side of a match. A two-way bet means that you are wagering on one of two possible outcomes just as if you were flipping a coin. If you are betting on a tennis match involving Roger Federer and Rafael Nadal, you just have to pick one or the other to win because there are only two possible outcomes.
Three-way bets are wagers that can have three different outcomes such as win, lose, or tie. If you wanted to bet on a Premier League match between Arsenal and Manchester United then you could bet on either of the teams to win outright or you could bet on the game ending in a draw.
Team and game scoring totals are also bets that usually have only two possible outcomes. An NFL football game might have a game total of 47.5 points. You would bet that the combined scores will either exceed the total or fall short. Sometimes the set total is a whole number such as an NFL game that has a total of 47. If you were to bet either over or under and the total score adds up to exactly 47 then that bet is usually considered a push.
Spread bets can seem a little more complicated but they really aren’t. Instead of betting on a team to simply win or lose, you bet on that team to win or lose by a certain margin. An example would be betting on the New England Patriots at -7 against the New York Jets. This means that if you pick New England to beat the spread then they need them to win by more than 7 points. You could also pick the Jets at +7 which means that you would win your bet if the Jets either lose by less than 7 points or win outright. If the win/loss margin is exactly seven then the bet would be considered a push.
Also referred to as accumulators, parlays are a series of single wagers that are made on a single ticket. In order to win, all predictions must be correct. If you miss just one then you lose. Bettors like to play parlays because they offer better odds than single bets and bookies love them because the punter needs to be perfect. Calculating the potential payout of a parlay is straightforward. Start by multiplying the decimal odds together and then take that number and multiply it by the wager amount. Those who aren’t mathematically inclined don’t have to worry because online sports betting sites automatically figure this out and show you the combined odds and payout as you fill in your bet slip.
What To Look For In a Sports Betting Bonus
The best online sports betting bonuses are obviously the ones that have the least restrictions on them. In terms of cash bonuses, you want to look for one that offers a combination of good monetary value and low rollover requirements. You might find a $100 no-deposit cash bonus and discover that you can only use it to bet on golf and it has to be rolled over 70 times. Impossible? No. Tough? Yes. It will be a lot easier to turn a $10 no-deposit bonus into real cash if you are allowed to bet on any sport and it only needs to be rolled over 10 times.
The same thing can be said of free bets. The best free bets are those that let you simply keep your winnings without having to meet rollover requirements. However, these are rare. Most free bets credit winnings to your bonus account balance and will need to be rolled over. A lot of free bets also require you to meet minimum betting odds as well as having a limit to the amount you can win.
If you think that you will be making sports bets at an online bookmaker over a long term then you should find a bookmaker that offers reload bonuses to their customers. Getting that initial bonus on your first deposit is great but it is even better when you get more bonuses for making future deposits. Once again, look for the best value and the least restrictions.
The Best Bonuses At Sports Betting Sites
888sport is offering free bets to new customers who make their first deposit and place their first wager. All you need to do is open an account, deposit as little as £10, and place a £10 wager on any sport as long as the odds are at least 1.50. Win, lose or draw, once that bet has been settled you will be credited with a free £10 bet as well as another free £10 bet for mobile devices. If you win using your free bets then your account will be credited with the winnings but not the original stake amount.
Mr. Green Sportsbook is also serving up free bets when you sign up and deposit at least £10. Once your deposit is processed, Mr. Green will give you £10 to place a parlay wager. You must select a minimum of 3 games and the combined odds must be 4.00 or higher. The original stakes will not be returned as part of winning bets and the free bet must be used within seven days of being issued.
32 Red Sportsbook has a unique bonus for anyone who places their first in-game wager. After signing up and depositing a minimum of £10, you can opt into their Profit Boost promotion. Then you only have to find an in-play bet to wager up to £10 on. The odds must be even or greater to qualify. If your bet wins then 32 Red will boost your profits by 100% up to a maximum of £100.
You might know that Winner is one of the best online casinos in the world but did you know that they also have one of the best sportsbooks too? It isn’t just the huge selection of sports that they offer action on that makes them so great. Winner Sportsbook also has some very valuable bonuses. When you make a deposit and place a qualifying bet of £30 at minimum odds of 1.50, Winner will match your deposit up to £200. The bonuses don’t stop there. For every £200 that you wager using your mobile device, Winner will credit you with a £10 free bet.
Ladbrokes is a heavyweight in the world of bookmakers and they are giving away £20 in free bets when you place a minimum of £5 within 14 days of opening your account. Just open an account using their promo code and place a £5 wager on any sport. You will then get a set of four £5 free bets that can be used on any sport including esports.
Sportsbet.io, which is a popular bitcoin casino and sportsbook, has several bonuses available such as their Handicap Hero promotion. If you place a spread bet on an NFL game and your team wins but fails to cover the spread, Sportsbet will refund your wager in the form of a free bet.
Sports betting is full of thrills. Getting great bonuses just adds to the excitement and makes you a winner right off the bat. Whether you are looking for no-deposit bonuses or trying to get some extra value for your betting dollar, you have so many choices that it will make your head spin like a Tom Brady spiral. You might have to jump through a few hoops to turn your bonus money into cash but it is well worth the effort.