Sports Betting Bonuses for DECEMBER 2024

▬▬ DEPOSIT BONUSES ▬▬

Also known as match bonuses, these are typically based on your first deposit. For example, a 100% deposit bonus will double your initial deposit.

▬▬ NO DEPOSIT BONUSES ▬▬

These are rare gems! You get a bonus without having to deposit any money. It's a risk-free way to try out the platform.

▬▬ FREE BET BONUSES ▬▬

These are vouchers that you can use to place a bet on the house. If you win, you get the winnings (minus the stake).

▬▬ RISK-FREE BETS ▬▬

With these, your first bet is insured. If you lose, the bookmaker will refund your stake.

▬▬ CASH BONUSES ▬▬

These are cash amounts credited to your account, which you can use to place bets.

BONUS BATTLE: ⭐Sign-Up Bonuses vs. Deposit Bonuses⭐

While both of these bonuses involve extra funds for betting, the sign-up bonus is given simply for creating an account, while the deposit bonus requires you to put some money into your account first. The size of deposit bonuses can often be larger than sign-up bonuses, as they typically match a percentage of your initial deposit.

BONUS BATTLE: ⭐No Deposit Bonuses vs. Free Bet Bonuses⭐

Both of these bonuses allow you to place bets without risking your own money. However, no deposit bonuses give you a cash value to bet with as you please, while free bet bonuses provide a specific bet that you can make for free.

BONUS BATTLE: ⭐Risk-Free Bets vs. Cash Bonuses⭐

Risk-free bets cover your losses on a bet, while cash bonuses give you extra money to play with. With a risk-free bet, you're protected if you lose, but if you win, you don't gain any extra benefit. Cash bonuses, on the other hand, increase your potential winnings but offer no protection against losses.

BONUS BATTLE: ⭐Sign-Up Bonuses vs. No Deposit Bonuses⭐

While both these bonuses are designed to attract new players, sign-up bonuses often require a player to make a minimum deposit to claim the bonus. In contrast, no deposit bonuses are given for free without requiring any financial commitment from the player.

BONUS BATTLE: ⭐Deposit Bonuses vs. Cash Bonuses⭐

Both bonuses provide extra betting funds, but deposit bonuses are tied to the amount you're willing to deposit initially, while cash bonuses can be fixed amounts or vary based on promotional terms.

BONUS BATTLE: ⭐Free Bet Bonuses vs. Risk-Free Bets⭐

While both these bonuses involve a form of "free" betting, they work differently. Free bet bonuses give you a set amount to bet with for free, while risk-free bets will refund your stake if you lose your first bet.

WINNING & LOSING SCENARIOS FOR EACH BONUS TYPE:

Sign-Up Bonuses:

1. ✅ Winning: You sign up, get a $10 bonus, place a bet with 2:1 odds on a match and win. Your winnings are $20, but the original $10 bonus may be deducted, leaving you with a net gain of $10.
2. ❌ Losing: You sign up, get a $10 bonus, but lose the bet you placed with it. You lose the $10 bonus money, but it doesn't affect your personal funds.

Deposit Bonuses:

1. ✅ Winning: You deposit $50, get a 100% bonus ($50), bet with the bonus money on 3:1 odds and win. Your winnings are $150, but the original $50 bonus may be deducted, which leaves you with a net gain of $100.
2. ❌ Losing: You deposit $50, get a 100% bonus ($50), but lose the bet you placed with the bonus money. You lose the $50 bonus, but your original deposit is still intact.

No Deposit Bonuses:

1. ✅ Winning: You sign up, get a $10 no deposit bonus, place a bet with 2:1 odds with it and win. Your winnings would be $20, but the original $10 bonus may be deducted, leaving you with a net gain of $10.
2. ❌ Losing: You sign up, get a $10 no deposit bonus, but lose the bet you placed with it. You lose the $10 bonus, but since it was a no deposit bonus, you're not out any of your own money.

Free Bet Bonuses:

1. ✅ Winning: You receive a $10 free bet, place it on an event with 2:1 odds and your selection wins. You'd technically win $20, but usually, the stake ($10 free bet) isn't returned in these cases, so your net gain is $10.
2. ❌ Losing: You receive a $10 free bet, place it on an event, but your selection loses. You lose the free bet, but since it was not your money, you're not out any personal funds.

Risk-Free Bets:

1. ✅ Winning: You place your first bet of $20 at 3:1 odds, your selection wins and you get $60 in winnings.
2. ❌ Losing: You place your first bet of $20 at 3:1 odds, your selection loses, but you get your $20 back in site credits to bet again.

Cash Bonuses:

1. ✅ Winning: You receive a $10 cash bonus, use it to bet on a game with 2:1 odds and win. Your winnings would be $20, but the original $10 bonus may be deducted, leaving you with a net gain of $10.
2. ❌ Losing: You receive a $10 cash bonus, use it to bet on a game, but your selection loses. You lose the $10 bonus, but it doesn't affect your personal funds.

RANKING SPORTS BETTING BONUSES FROM 1 TO 5

Deposit Bonuses: 4/5

These bonuses often provide the most potential value, as they're usually based on the size of your deposit. However, they do require you to commit your own money. ⭐⭐⭐⭐

Deposit Bonuses: 4/5

These bonuses often provide the most potential value, as they're usually based on the size of your deposit. However, they do require you to commit your own money. ⭐⭐⭐⭐

Sign-Up Bonuses: 3/5

These are easy to access, as you simply need to create an account. However, they're typically smaller than deposit bonuses and still often require a deposit. ⭐⭐⭐

No Deposit Bonuses: 5/5

These are arguably the best bonuses for users, as they don't require any commitment of your own money. However, they're usually quite small and come with high wagering requirements. ⭐⭐⭐⭐⭐

Free Bet Bonuses: 3/5

These can offer good value and are simple to use, but the value is often tied to a specific bet, which reduces flexibility. ⭐⭐⭐

Risk-Free Bets: 4/5

These provide a nice safety net for users, especially new ones. However, they're usually only applicable to your first bet. ⭐⭐⭐⭐

Cash Bonuses: 4/5

These provide a lot of flexibility, as they can be used on any bet, but they often come with wagering requirements. ⭐⭐⭐⭐

EXLUSIVE TELECOM ASIA SPORT PROMO CODES

Telecom Asia Sport now has exclusive promo codes! They unlock exclusive deals that elevate the enjoyment of your favorite sports games. Make sure to save & use them while registering! 

TYPES OF LOYALTY PROGRAMS AT BOOKMAKERS

⚡️ Points-Based Programs: These programs award points for every bet you place. The points can usually be redeemed for free bets, cash back, or other rewards. Examples include the BetMGM Sportsbook's M life Rewards and PointsBet's Rewards program.

⚡️ Tiered Loyalty Programs: Similar to points-based programs, but with different levels or tiers. The more you bet, the higher you climb in the tier system, and the better the rewards. For instance, Caesars Rewards from Caesars Sportsbook operates this way.

⚡️ Cash Back Programs: Some sportsbooks offer cash back on lost wagers, which can help mitigate losses.

⚡️ VIP Programs: These are often invitation-only and are offered to the highest-stake players. They come with special perks like personal account managers, exclusive bonuses, or event invitations.

⚡️ Bet Clubs: These are programs where you get a free bet after you've placed a certain number of bets or wagered a certain amount of money.

⚡️ Referral Programs: Some sportsbooks offer bonuses when you refer a friend and they start betting on the site.

？ How To Claim Online Sportsbook Bonuses ？

1. Sign Up: Fill out your details to create an account.
2. Use a Promo Code: If they've given you a code, don't forget to punch it in when signing up or depositing.
3. Put Some Money In: If it's a deposit bonus, add some funds to your account.
4. Play by the Rules: Most bonuses have some strings attached, like wagering requirements. Make sure you know what they are.
5. Claim It: Once you've done the legwork, claim your bonus.
6. Have Fun: Use your bonus to place bets and enjoy the games. Don't let it go to waste!

* And always remember to read the small print.

SPORTS BONUSES EXPIRATION DATES ⭐WITH EXAMPLES⭐

❌ Safety Reminder ❌ Always remember to gamble responsibly. It's easy to get swept up in the excitement of bonuses and betting, but remember only to bet what you can afford to lose. Stay smart, stay safe, and keep it fun!

HOW TO MAXIMIZE THE BENEFIT OF SPORTS BONUSES

BORING THINGS: WHAT ARE BONUS TERMS & CONDITIONS?

▬ Here's a list of STANDART terms and conditions you might encounter while claiming a bonus:

✔  Wagering Requirements: This is how much you need to bet before you can withdraw your winnings.

✔  Expiration Dates: Many bonuses are only valid for a certain period of time.

✔  Minimum Odds: Some bonuses require you to bet on events with certain odds or higher.

✔  Eligible Games: Not all games may contribute equally towards the wagering requirements.

✔  Maximum Win Limits: Some bonuses cap the amount you can win from them.

✔  Geographical Restrictions: Some bonuses are only available to players in certain countries.

* If you can't find the T&C contact customer support. If you don't understand the T&C, contact customer support. If you have any other doubts about the T&C CONTACT CUSTOMER SUPPORT!!

⚡️ AND THAT'S A WRAP ⚡️

Guys & Girls, this might be the most comprehensive guide on sports bonuses we've ever published! Hopefully this one was useful and you now have a better understanding of different types of bonuses. Please make sure to always read the fine print and use your bonus wisely. See you in the next one! Cheers! 

Alisa Barladyan

Editor-in-Chief

Please let us know if you found this article helpful. Contact us for any additional questions & suggestions at [email protected]