Sportsbook Welcome Bonuses
Many bettors look for many things when choosing a betting site. One of the main attractions of a betting site is providing a welcome bonus. Choosing a sportsbook with welcome bonuses is great because you can save your money when betting on sports. You also get a chance to double your deposits before betting and free money to start betting. We have prepared this guide to help you understand more about betting site welcome bonuses, how to get them, when to get them, and the types of welcome bonuses available.
What is a betting welcome bonus?
A betting site welcome bonus refers to a gift that newcomers get after signing up with a sportsbook. These bonuses are also called welcome offers and they are in form of money that bettors use to bet with. Different sites provide varying welcome bonuses to their customers and they have different requirements. It is good to check the welcome bonuses of different sites to find out which one provides the best deal
How can you get a welcome bonus?
The process of getting a welcome bonus varies from one betting site to the other because they have different welcome bonuses. Additionally, welcome bonuses change from time to time depending on the bookmaker. To get a welcome bonus, you need to register with the sportsbook to qualify for the offer. After this, you will get some instructions from the bookmaker on how you can claim your welcome bonus on the promotion’s page.
When can you get a welcome bonus?
You only get a welcome offer after you sign up with the sportsbook for the first time. A welcome bonus is only provided once after you complete the registration. Betting sites do not provide more than one welcome bonus. However, there is an exception for World Sports Betting and Supabets that offer two-fold welcome bonuses.
What kind of welcome bonuses are there?
It is good for players to understand the different types of welcome bonuses available, and how they work. The following are the various types of welcome bonuses that many sportsbooks offer.
This is the money a betting site gives you after placing bets. The sportsbook gives you the money once you deposit and you can use it to wager on your favorite sports. However, you cannot withdraw free bets into cash. Some sportsbooks also provide wagering requirements after giving you a free bet.
Example: If the welcome bonus you are given comes with £10 free bets, and you use the free bets to bet on a home team with odds of 1/1, you will get £20 if the team wins. Therefore, if the home team is successful, you get back £10, and if it loses, you don’t get anything.
No Deposit Bonus
This is a type of a bet where a sportsbook credits your account with a certain amount of money after you sign up so you don’t need to deposit anything. The bonuses come in small amounts ranging from $5 and $25.
If you place a bet and win, you will get the profit from your bet but not the bonus money. This makes your betting experience great for new customers.
Example If you create an account and get a £10 no deposit bonus, and bet on a home team with odds 1/1. If the team wins, you win £20. When the home team loses, you get nothing.
This is another popular type of welcome bonus that allows the bettors to get some money in return when they lose their first bet. Bettors can place bets without risking their money. When you win on risk-free bets, you keep all the money. You should also know that risk-free bets come with some wagering requirements to meet.
Different sportsbooks offer various ways to return the wager amount. It can be in the form of site credit, bonus cash, or free bet.
Example: You can get a 100% risk-free bet for up to £35. If you use £35 to bet on a home team that is likely to win, with odds of 2.00, you can win a total of £70 when the home team wins. If it loses, you receive your £35 back.
This is a type of bonus where a betting site gives you a 100% match rate on your first deposit. However, the amount can vary depending on the sportsbook.
If you make a $100 deposit on a sportsbook, you earn a 100% match rate bonus and therefore receive $100 extra money. However, you need to meet some terms and conditions before you withdraw the money.
Enhanced odds are given by a sportsbook when you make your first bet after signing up. This bonus is also available for existing customers or those who have joined a loyalty program. Some sportsbooks also provide boosted odds to lure new customers rather than as a bonus.
Which betting site gives a bonus on registration?
Betting sites can give you free bets when you register with them. Other betting sites provide welcome bonuses like deposit bonuses. Therefore, users need to register and make a first deposit to get the welcome bonus. Some of the top betting sites that offer bonuses on registration include:
- World Sports Betting;
Sportsbook bonuses are worth it because they act as safety nets, especially for new bettors. Bettors should look for betting sites that offer welcome bonuses and maximize this opportunity. We have given you the different types of welcome bonuses, how they work, and how to get them. The welcome bonuses vary from one bookmaker to the other, so you should compare wisely and choose the best. Depending on the sportsbook you choose, I hope you have a better understanding of the welcome bonuses you are likely to get.