Sports betting bonuses are the icing on the cake that is a gambling. In a vacuum, it might appear that what a bonus adds to what you already have is negligible, but if you consider the big picture, a bonus, a bonus there, a bonus everywhere, and at the end of the day, when the dust settles and the smoke clears, you find you have landed a pretty nifty windfall. As a matter of fact, many gamblers lean towards online betting because, in addition to the convenience of putting all your ducks in a row from the comfort of your own home, the start betting bonuses start pouring in almost right from the very first click.
Types of sports betting bonuses
Sign-up bonus. This is the manner in which a sportsbook looks to breed loyalty from the very get-go. The way it works is that the betting establishment offers the would-be customer a percentage of their original deposit as a bonus.
Loyalty bonus. Loyalty is a two-way street. The sportsbook obviously benefits from a steady clientele base, but the customer is rewarded for their constancy as well. While most if not all sportsbook offer loyalty perks, some are more rewarding than others.
Cash back bonus. Sometimes customers go through a rough patch; bad luck, sure shots that aren’t so sure, acts of god, etc. sportsbooks understand this and are also aware that a broke customer is not a happy customer – or a customer at all. Therefore, they refund gamblers on their net losses now and then every year. Thus you can get back in the game and back on track.
Sports betting bonuses: Cash vs. Freeplay
Not all bonuses are made equal. For instance, cash bonuses are not the same as freeplay bonuses. The former is an immediate power-up that brings your bankroll up a specific percentage, while the latter is held in a different count and only the winnings from the bet are transferred to your actual account. In other words, the cash bonus is like manna from the skies while the freeplay bonus is more like a trust fund.
Sports betting bonuses: Rollo-over requirements
As they say, there is no such thing as a free lunch. Similarly, bonuses come with certain roll-over requirements. More specifically, the gambler is required to roll-over their deposit and bonus X amount of times so as to qualify for a cash-out. More often than not, the roll-over is 3 to 5 times on a given bonus.