Sports Betting Promotions and Bonuses
Who doesn’t like free things? If you love receiving free things, you will find a guide to be very informative with lots of useful knowledge. For starters, the online sports betting sector is a very competitive industry where most online sportsbooks are consistently fighting each other to attract you to their site.
This means that they are going to throw lots of free things, money, and promotions to try to win your business and retain you if you decide to join the casino in the long run. What we want to do here is walk you through different types of bonuses, how they work, and the new promotions you can get. Also, we intend to guide you on how to differentiate between the bonuses that are right for you and those that will not help you in the long run. If you are ready to claim the casino bonus and free play when placing bets on your favorite sports, let’s get you started.
Promotions and Better Lines
Before we discuss the various types of bonuses available, we want to ensure you understand something that is also very essential. Free money and promotions are very important and awesome. Nevertheless, you must never choose a bonus over the best payout odds or line on a given bet. Winning the bets you place will be very valuable than any other promotion that you can receive.
For instance, if you have the option of betting on a betting site where you get some money back for betting or a site where you get an additional half point spread, you should take the half point all the time. While promotions are always great, they should come after better payouts and odds.
However, if you have the choice to play at a betting site with the same line, then you can grab the freebies.
Reduced Juice Lines
One of the best sports betting options that you are going to receive when you start betting online is the reduced juice bets. As it’s obvious, the sportsbook will only take a small percentage of the bets as the casino fee for facilitating the action. This is commonly referred to as the house fee, the rake and sometimes the juice. For instance, betting a spread in the NFL will look like this:
The last number is displayed on every side of the wager are the payout odds you get if you make the correct choice. For example, if you bet $50 and win, the payout at (-55) will result in a profit of $45.91. The missing amount of money is the house fee that the sportsbook has taken. Notice that whether you bet on the patriots or the eagles, the house will make the cut from the top. What they will do is get the fee from both sides of the game so that no matter what wins, the house can make sure its profits.
Deposit bonuses are very popular amongst all types of gambling online including poker sites, casinos, and sportsbooks. A deposit bonus is when the card room, casino or sportsbook matches the percentage of the money that the player deposits. For example, if the sportsbook has a 100% welcome bonus of up to 200, this means they will give you free money of up to $200 when you make a deposit. if you make a $100 deposit, they will give you $100 as a bonus. if you deposit $200 the site will give you $200 as bonus money. However, if you deposited $1000, they will still give you $200 as the bonus.
The percentages and limits vary from one sportsbook to another. One of the biggest things that you will want to do before accepting these deposit bonuses is reading through the terms and conditions. Typically, there are terms and conditions that you must meet before you can be allowed to withdraw any winnings made playing with the free bonus money. In most cases, these rules are referred to as the wagering requirements. If casinos and sportsbooks did not attach wagering requirements for their bonuses, then many people would deposit $40, and just withdraw the $200 and leave to do the same with another site.
The reload bonus is quite similar to the deposit bonus except that this is not the first deposit you get when you register at the site. Technically, betting sites will offer you bigger bonuses on the first deposit you make at the site, but in most cases, they do not do the same when you reload your account.
Remember that there are sportsbooks that provide players with reload bonuses all year round where many would provide them with periodically special promotions.
This promotion is not as popular as the others, but you will see it when you some of the leading online sportsbooks referred to as the cashback or Rakeback bonuses. This bonus offers you back a percent of the money that you have either lost or what the casino profited from your wagers. Technically, with online sports betting it will be a percentage of the cash that the sportsbook made from your stakes. Technically, the more you stake and lose, the more you are more likely to get from the casino or sportsbook.
This is one of the most important parts of the bonuses you receive from a sportsbook. Usually, when the sportsbook gives you free money, you cannot just take the bonus and leave the casino immediately. Logically, online casinos will be very stupid if they ever allowed such a thing to happen. Some sportsbooks will attach wagering requirements/playthrough requirements for the bonus money you get. You must meet these wagering requirements before you can be allowed to cash out any winnings made from the bonus money.
As you try to pick the best bonuses available, you should be aware of the bonuses available and the wagering requirements you might need before you are allowed to cash out your winnings.