How many potential winnings are you leaving on the table by not using betting promos? Well, betting offers are basically free funds for wagering. Whether it’s a sign-up bonus, free bet, parlay insurance, or deposit matches, online betting offers can greatly boost your returns.
In this article, we will explain the various types of betting promos and show you how to get the best deals.
Types of Betting Promotions
Some of the types of online betting offers that you can use to increase your winnings or place risk-free wagers include:
Sign-Up Bonuses
Sign-up bonuses are some of the most lucrative sports betting offers. These promotions usually provide bonus bets equal to your initial stake should your first bet result in a loss. Think of it as first-bet insurance.
Some sportsbooks give you a welcome bonus even if you win your bet. The bonus becomes available immediately after wagering your first bet. Other bookies have more than one welcome offer, and you can explore tips for using Betfred codes to get started on the right foot.
Deposit Matches
In addition to sign-up bonuses, some sportsbooks offer deposit matches to existing customers. This allows you to double the amount in your account. Deposit can be more lucrative than welcome bonuses. That’s because they give you an amount equivalent to your deposit, while welcome bonuses only match your initial stake. However, deposit matches for existing customers are harder to find and are only offered to regular visitors.
For instance, if your sportsbook offers deposit matches and you add $100 to your account, you’ll get an additional $100. This is often credited as a bonus and, in some rare cases, cash. If it’s a bonus, pay attention to the rollover requirements before taking a bigger risk with your wagers.
Free Bets
Sportsbooks offer customers free bets, allowing them to bet without risking their own money. This can include birthday gifts or simply changing your password. Free bets can be for single or accumulator wagers and come with requirements like minimum odds and expiry dates.
How to Find the Best Online Betting Offers
All that glitters is not gold, and that’s especially true of online betting promos. What may sound like a great deal may not always be the best.
For instance, a bookie offering a $1000 welcome bonus looks more lucrative than a sportsbook offering a $500 bonus. However, once you read the fine print, you realize you need to wager $2000 to get the $1000 bonus. On the other hand, you may not need to risk your money to get the $500 from the second bookie.
So, here are the tips you should follow to get the best deals in online betting.
Compare Betting Deals
If you want the absolute best deals, you’ll need to look around. When comparing promotions, don’t focus only on the bonuses. In addition to higher bonuses, you should consider deals with lower wagering requirements. Ensure there are no hidden restrictions that could lower the value of the promotion.
Timing
Timing can also help you snap the best online betting available. Many promotions are tied to major sporting events like the World Cup or Cheltenham Festival. Planning your bets around these periods will increase your chances of getting the best deals all year round.
You can also time your bets around holidays or even your birthday. Many bookies run seasonal promos, and being active around these dates can help you unlock offers with minimal rollover requirements.
Take Advantage of Loyalty Programs
Many sportsbooks offer loyalty programs that reward frequent bettors. Participating in these programs can help you earn extra bonuses and other perks. Also, using the same sportsbook regularly can increase your chances of getting valuable deals.
Feature image by Priscilla Du Preez on Unsplash
