Every online bookmaker offer a sport welcome bonuses when player create new game account. The logic is to reward new players for choosing the specific bookmaker and give them a bonus to make a deposit and start betting.
What is the most common sport welcome bonus? It is theSign Up Bonus, that adds a specific percentage of bonus money to your first deposit that can vary from 50% to 250% depending on the bookmaker offer.
You might also receive a Welcome Bonus as a risk free bet or a sign up offer where you unlock certain portions of your bonus by roll out a specific amount.
-Welcome Bonus Types:
Deposit bonus:
Every sportsbook sign up bonus is immediately activated as soon as the player make first deposit.
This type of sportsbook bonus is available in almost every bookmaker, and is considered a key factor by all players in order to choose a bookmaker. Remember that any bonus amount
you receive there is always a limit on the amount you can get. For example, betting website offer a 100% bonus on your first deposit, but it can’t surpass €200.
Sport Welcome bonus:
Instead of offering a percentage on your first deposit, some bookmakers give you a certain amount of money to boost your account as a one-off Welcome Bonus.
This promotion policy is more popular and considered as one of the top bookmakers offers, and players like it very much.
In most cases it requires far less restrictions than a typical 100% deposit offer. For example, you don’t have to rollover X times a 100% bonus before you can withdraw your money.
Free Bets:
This is another type of welcome bonus. You get a certain amount of money (varying usually from Euro 5 to Euro 50 depending on your deposit level) to be used to place a bet. Usually this free bet bonus can only be placed on certain markets as Correct score or Goalscorer (for example, some bookmakers exclude Over/Under or Asian handicaps considered too risky), but in most cases, if you win a bet you can make a withdrawal immediately. Free bets are valued as one of the best signup bonus available in sports betting.
Matched Bets:
Matched bets are really attractive types of bonuses on bookmakers’ promotion weekly offer. Their rules are simple, as you place a bet with your own money up to a specific limit (usually not exceeding euro 50) and if you lose your bet for one selection, the bookmaker will refund your stake. As a result, you can claim your bonus if you lose, however, this offers a safety net that allows you to select the risky and longer betslip.
- 6 Key factors you have to know when choosing your Sign Up Bonus
- Rollover: Perhaps the most crucial factor of a sign up bonus. The rollover impacts how many times you have to wager the bonus and your initial deposit before you can withdraw it. The rollover varies from a bookmaker to the other and depends on the bonus amount. Generally a 5x rollover restriction is applied, but some bookies might require a rollover of 10x-15x even more times before you can make a withdrawal. In any case, you have to remember that it is better to get a smaller bonus with a lower rollover, as it will allow you to withdraw your money much sooner.
- Minimum odds requirements: When you get a free bet, make sure you cover all the criteria requested from bookmaker. Some bookmakers have a minimum odds restriction. For example, most bookmakers do not consider eligible bets with odds less than 1.20 for the wagering requirements. These odds limit vary, as some betting sites require odds above 1,50 odds other not less than 1.80, it is linked to the nature of the bonus.
- Accepted and restricted deposit methods: It is important to read carefully bonus terms and conditions before making a deposit. Some bookmakers will offer the bonus on specific payment methods, usually by credit card or bank transfer. This can exclude e-wallets like Revolut, Transfer Wise, Neteller or Skrill.
- Limitation on the markets and time: As mentioned above, your bonus can only be used in specific betting markets, according to each bookmaker’s policy. In most case you will be allowed to place a bet on any available market before the start of a match, while live events or specific markets such as Asian handicap will not qualify. Some bookmakers give you certain timeframe when to place your bet, so check carefully the terms and conditions of the bonus.
- Promotional codes: Some bookmakers might not activate the sign up bonus when you make your first deposit. Before you can claim it, you have to fill in a promo code, that is usually sent to your email. You can activate your first deposit bonus on the “offers” tab at the bookmaker website.
- E-mail activation: Make sure to fill in a correct and active email on your bookmaker account. Most bookmakers will usually send an email with an activation link and you must click on this link before your account is activated and you can claim the bonus. These email activation offers are common for other types of bonuses, such us Loyalty Bonus or even Reload Bonus.
