Sports betting bonuses can help you to improve your odds when betting on games. These bonus types can come in the form of deposit match bonuses, Parlay insurance, and wager bonuses. All of them are a great way to boost your bankroll. The question that arises is how do you know which one to choose?
Free bets
Free bets in sports betting are a great way to boost your bankroll. They are also an easy way to test out new betting strategies. However, it’s important to take the time to understand the terms of these offers.
If you want to get started with free bets, you should first register with a sportsbook which offers such a welcome offer. This can be done online. Once you are a verified customer, you will receive a free bet. These can vary widely from bookmaker to bookmaker, so make sure you read the terms and conditions carefully.
Free bets in sports betting are not always easy to get. Some sites only offer them to new customers. Others require you to make a deposit and place a first bet. You’ll need to decide on the method of payment and deposit amount. Then, you will be able to access the deposit page and click the “deposit” button.
Many free bets are tied to deposits. This increases the chances of keeping bettors around.
For example, a sportsbook might give you a matched bet on your first NFL bet during the Super Bowl. If you qualify, you’ll get an amount as bonus bankroll to place bets with.
Deposit match bonuses
One of the most exciting aspects of gambling online is the chance to claim bonuses. These can range from free bets to enhanced odds. It’s important to understand the different types of promotions available to you and the benefits of each.
A deposit match bonus is a special promotion rewarded to players for making a deposit. In most cases, a percentage of the deposit amount is awarded in site credit. This credit can be used to place bets or withdrawal profits. The best part about this bonus is that it is not limited to one sport or one single bet.
Often, this type of bonus will be accompanied by a promo code or special offer. You can enter this code into your account when you make your first deposit. One such example is bet365 bonus code which can be used on new account registration. Some sportsbooks will also offer deposit match bonuses to existing users.
Deposit bonuses are also available for new bettors. These are usually for a specific dollar amount. For example, a bettor who places a $100 deposit will receive a $100 bonus. However, the terms of the promotion can be very restrictive. Some sportsbooks limit the amount of money you can place with the bonus. Others require you to wager a set amount before you can withdraw the funds.
Wager bonuses
Among other bonus types, sportsbooks also offer wager bonuses as incentives for new players. These offers can include cash, free bets and betting credits and are offered based on the amount wagered and set bonus terms and conditions. These may vary a lot from one sportsbook to another, so reading their bonus details is a must.
Sign-up bonuses are usually the most popular incentive for new bettors. They are given out to new sign-ups for a certain period of time. If the promotion ends before the end of the specified period, the bonus will be forfeited.
Parlay insurance
Parlay insurance in sports betting is a great way to protect your bet. You can find it at several of the best sportsbooks. It provides a refund if one of your parlays loses.
In most cases, you can get a refund of $25 or more if you have a loss. The refund amount can vary between sportsbooks. Generally, you’ll have to meet a minimum number of legs to qualify for the refund.
Most sportsbooks offer insurance for at least five legs. If you have a five-leg parlay, it’s a good idea to find a sportsbook that offers cash-back parlay insurance, or otherwise known as ACCA insurance. This allows you to receive a refund on the lost wager in bonus credits.
Typically, this is offered as a promo for a specific sport or event. Depending on the promo, you may have to opt in for the promotion or you might have a time limit. Your bet will be refunded if the team you were betting on loses, or if the game goes into overtime.
Conclusion
Bonus types available at online sportsbooks are within the lines established above. Many times, these bonuses in sports betting are similar with bonuses in casino or bingo verticals. Minor variations are what makes them unique from an operator to another, so the number one condition for you as a player is to read through the bonus terms and conditions to understand what are the restrictions for claiming the bonus and using it.