If you are looking for a new or well-established platform among the top online bookmakers to bet on your favorite sports, some incentives come in handy to kick start your betting adventure. Thanks to the latest online sports betting bonuses, you get not only a freebie to test a betting site but also a boost to increase your winnings. Most online betting sites offer bonuses and promotions specifically for new players. However, there are some offers for existing players as well. We’ll list the bonuses of the reliable online bookmakers on this page.
The latest online sports betting bonuses come in different forms. The most common ones are welcome packages, which usually consist of multiple bonuses such as first deposit bonuses and free bets, risk-free bets, enhanced odds offers, reload bonuses and loyalty bonuses. Let’s take a look at the most popular online sports betting bonuses!
Online Betting Bonuses without a Deposit Requirement
In most cases, you need to make a deposit using one of the best payment methods for online betting in order to be eligible for a bonus. However, online bookmakers tend to offer crazy deals which don’t require any deposit. This way, you can test an online bookmaker for FREE. The bonuses usually are small amounts like $10 to $20. But, keep in mind that we are not talking about Monopoly money here. You can turn a no deposit free bet bonus into real money.
How to Turn a No Deposit Free Bet Bonus into Real Money
Once you create a free account at an online bookmaker that offers a no deposit bonus, you’ll be granted free bets in your account directly. In some cases you might need a bonus code as well. We mention such details in our bonus articles. You’ll need to wager your free bets on sporting events. There might be a minimum odds limit. So, you’d better read the bonus terms carefully. Once you use up your free bets, your winnings will be shown as bonus winnings in your account. You’ll need to play that amount multiple times (check wagering requirement of the bonus as it varies from deal to deal) before you can cash it out. Once you fulfill the wagering requirement, the amount will be added to your withdrawable balance. You can visit the cashier and withdraw your funds anytime you want.
How Do Online Betting Sign Up Bonuses Work?
Online betting sign up bonuses, a.k.a welcome bonuses, are the most common betting bonuses. Sign up bonus is an umbrella term for different types of bonuses which are offered to new players upon signup. It is not a secret that there is a huge competition among the online bookmakers. The competitive nature of the industry forces the online betting sites to be innovative. Therefore, we have the online bookmakers with live streaming, the bitcoin online betting sites, sportsbooks that specialize in specific sports. But, the competitors always adapt to the new innovations in no time. Hence, they offer signup bonuses to attract players. They even go overboard with it from time to time. Well, it is good for the customers.
The most common online betting sign up bonuses are free bets, match bonuses, reload bonuses, and risk-free bets.
Free bets: They are bet credits that are granted upon signup. Some free bet offers don’t require an initial while most do. You can use your free bets within limitations set by the bookmaker. If you bag some winnings, you can withdraw them after fulfilling the wagering requirement.
Match bonuses: Match bonuses give you bonus cash depending on the sum that you deposit. For instance, if the bonus is 100% up to $100, then you can deposit any sum up to $100 and receive a bonus equal to your deposit amount.
Risk-free bets: They ensure that you get your money back up to a certain amount if your bet loses.
Reload bonuses: Sign up bonuses might come as a package that consists of multiple deposit bonuses. For example, you might encounter offers like Up to $1000 Welcome Package which can be claimed in 3 deposits. The first deposit bonus gives away 100% match bonus up to 500. The next 2 deposits grant 50% match bonus up to $250 each.
How to Claim an Online Betting Sign Up Bonus
In order to claim a sign up bonus, you need to create a free account at an online bookmaker. After completing the verification process, head to the cashier and make your first deposit. Afterwards, you’ll be granted your sign up bonus. In certain cases you may need to enter a bonus code while topping up your account. The bonus codes are clearly mentioned in our bonus articles.
How to Claim Free Bet Bonuses
Free bets are the most sought after online betting bonuses. They usually come as part of a sign up offer. For example, you decide to create a free account at one of the best online bookmakers for football betting. You go through the verification process which is usually clicking a link to confirm your email and entering a code to verify your phone number. After the verification is complete, your account will be credited with free bets which is usually a cash amount which can be wagered on certain games or any sporting event.
You simply need to wager that cash amount on any sporting event that is available at that moment and meets the bonus terms. If you win, then your winnings will be funded to your account. You need to play that amount certain times to be able to actually withdraw it. Although a free bet bonus gives you a chance to make money without investing anything, the real aim is giving new customers a chance to test the online bookmaker before using their own money.
Enhanced Odds Bonuses Go Beyond Expectations
Enhanced odds bonuses are among the most common bonuses offered by the bookies with odds boosts. They basically are artificial boosts in odds for the traditional betting markets. For example, if the actual odds of the team A to win against the team B are 2.50, an online bookmaker increases the odds to 18.00 for only the new customers. Usually the bet amount is capped at a low sum like $5 to $10.
If your bet wins, your winnings will be credited to your account but they won’t be available to withdraw until you fulfill the wagering requirement. You usually need to wager the winning amount on sporting events with certain odds to be able to cash out your earnings from the enhanced odds bonus.
Enhanced odds bonuses are among the most popular online betting bonuses as you can actually bag a good deal of money without betting on tricky games. The enhanced odds bonus is available for major sporting events such as Premier League, La Liga, Serie A, Cheltenham Festival, Royal Ascot etc. If you are looking for the best odds for a certain sporting event, you should look for an enhanced odds bonus.
How Online Betting Reload Bonuses Work
Online betting reload bonuses are usually part of a welcome package. Many online bookmakers offer their welcome bonuses in installments. After you sign up and make your first deposit, you can claim a match bonus which is called the first deposit bonus. After you play through your first deposit bonus, you’ll be eligible for a second deposit bonus which is also called a reload bonus.
Reload bonuses usually consist of 3 or 4 deposit bonuses. Online bookmakers might advertise their welcome package prize as a total sum if it includes reload bonuses. However, you can only claim the full bonus amount in instalments. Here is an example of a welcome package which consists of reload bonuses:
Up to $2000 Welcome package
- First deposit bonus is 200% up to $1000
- Second deposit bonus is 100% up to $750
- Third deposit bonus is 50% up to $250
In order to cash out your bonus amount, you need to complete the wagering requirement of each bonus. You cannot claim the second deposit bonus before fulfilling the wagering requirements of the first deposit bonus.
How Online Betting Loyalty Bonuses Work
Online betting loyalty bonuses are the most attractive offers for existing customers. Most online bookmakers offer a loyalty points system (which can be called comp points, reward points etc.) where players collect points as they wager bets. The points can be exchanged with bonus cash or free bets. This is one of the features which make online betting more attractive compared to betting at land-based betting shops.
How Risk-Free Bets Work
Risk-free bets are among the popular online betting bonuses for new and existing customers. You can wager bets on sporting events without any risk of losing money up to a certain amount. It is similar to writing a cheat code in Grand Theft Auto where you can regenerate the health of your character whenever you want.
Let’s check out an example to have a better understanding of this cool online betting offer type! Let’s say you’ve registered at a popular online betting site and received a $10 risk-free bet bonus. You can wager bets on any sporting event (or specific ones depending on the bonus terms) and if your bet loses you receive your money back up to $10. So if you bet $10, you get the full sum.
What makes risk-free bet bonus different from a free bet offer is that you need to wager your own money to be eligible for the risk-free bet offer while free bet offer gives you cash to bet on sporting events.
Things to Know About Online Sports Betting Bonuses
- There is always a wagering requirement unless otherwise stated. In other words, you cannot cash out your bonus amount unless it is labeled as no wagering required. You need to play through the bonus amount (sometimes bonus and deposit amounts) multiple times to be able to cash out the winnings from the bonus.
- Read the terms and conditions at all times. Before you even start thinking about claiming a bonus, you should read the terms and conditions. If you know the bonus terms, it’ll be much easier for you to use the bonus in a clever way and turn it into a withdrawable amount.
- The bonus that you are looking for might be specific to a certain payment method. For example, a bonus might only be for Skrill. It might also be restricted for deposits with Skrill. If a bonus is restricted for Skrill deposits, making your first deposit with this payment method will mean that you won’t be eligible for the bonus. If you’d like to use Skrill to make a deposit and claim a welcome bonus, then you should check out the best online bookmakers that accept Skrill.
FAQs About Online Betting Bonuses
The bonus bet winnings can be withdrawn after fulfilling the rollover requirement. You need to wager the bonus amount (can be bonus + deposit amounts) multiple times to be able to cash it out.
Bonus gnoming is opening multiple accounts to claim a bonus multiple times. Bonus gnoming is not illegal but it is definitely against the bonus terms and conditions of the best online bookmakers. The online betting sign up bonuses are available only once per person. Some online bookmakers allow a sign up bonus to be claimed only by one person from a household or an IP address. You should avoid bonus gnoming if you don’t want your account to be closed and get blacklisted indefinitely.
A betting bonus is an incentive given away by online bookmakers to either new players or existing players. They are given so that the new players can test the online bookmaker with free cash or extra money. They are granted as rewards for existing players, as well.