We strive to provide our users with optimum knowledge of the sports betting market hence, we take a keen review of all there is to know about betting promos. On this page we will focus mainly on the bonus you will get with the minimum deposit. When is a minimum deposit and how to use some of the betting promos wile depositing the absolute minimum, you will learn a bit lower.
Over the last couple of years, the sports betting market has experienced a major growth and financial windfall on a global scale as a result of the number of punters that has come about within that period. The sports betting market has been successful in its effort to captivate and lure in new bettors due to their love for sports as well as the promise of making good profits from staking on their favorite sports/sporting events.
With the immense growth, the sports betting market has undergone, a host of Sportsbooks have also been established to provide an avenue for punters and bettors to delve into sports betting in both online and offline portals. But with the vast development and technological advancement which the world has become accustomed to, online betting seems to have overshadowed the in-shop betting outlets due to the ease and simplicity associated with it and also Bookies have been able to put online betting to good use by implementing what we know a Sports betting promos.
What is a betting bonus?
A sports betting bonus is a more or less a promotion which gives users extra benefits that are specified by the Bookie that has the betting bonus on offer. First and foremost it’s very important to note that a good betting bonus is always risk-free as there’s no point in being offered a bonus that could bring in any sort of liability. Most bonuses are activated with the use of a bonus code which is provided by the Bookmaker itself or via websites that are affiliated with the Bookie.
Whilst most betting bonuses are activated with the use of a promo code, some betting bonuses don’t require any sort of code for them to be activated – those type of bonuses are standard promos which the Bookie offer to new or existing customers ( mostly new customers). It takes the form of a welcome or sign-up bonus on the initial deposit in order to allocate some funds to the new punter to begin his/her betting endeavors.
Importance of a betting bonus
It’s very important for punters to patronize Bookmakers that take betting promos very seriously as they are one of the main selling points of an online Bookie along with the odds offered on sporting events. The benefits derived from any sort of betting bonus basically underlines the willingness of a Bookmaker to ensure customer satisfaction ahead of other factors.
Punters should also be on the lookout for betting bonuses for the obvious reason of having extra funds to stake with or even just for the purpose of getting a free bet offer to stake on any sporting event or to test out a new betting strategy.
Types of Betting Promos
There are a variety of sports betting pormos available in the market today, Bookmakers constantly think up new bonuses to distinguish themselves from their counterparts in terms of the type of betting bonus being offered .
Betting Bonuses range from free bets to sign-up bonuses along with a host of other promos which could attract the attention of any punter as the prospect of receiving a registration bonus is incentive enough to get sports bettors to follow up on the offer. Betting bonuses greatly reduce the risk associated with sports betting as they provide punters with funds to stake with for a limited period (depending on the offer).
The sign-up betting bonus is quite similar to the free bet bonus although their difference is underlined by their use. Sign-up bonuses involve a customer being given a certain percentage of his/her initial deposit, most sign-up bonuses tend to go up to as high as %100 on the first deposit but a 100% bonus is very scarce in the sports betting market as only few sportsbooks have it on offer. Free bets on the other hand involve the customer getting a fixed amount to use for their betting endeavours ( they are usually restricted with some factors) free bets can also come about any time whilst a sign-up bonus only occurs once – during registration with the Bookie.
What is a minimum deposit? Well, this is the smallest possible amount of money the bookmaker will accept from you. Bookies make limitations and set the minimum deposits just to make sure that they are not losing money by processing the payments. Luckily, most of the bookmakers realize, that not everybody wants to become a high roller immediately. This is why the minimum deposits are set at an extremely reasonable price.
Minimum deposit bonus
Another thing is the minimum deposit bonus. This is similar to minimum deposit – the lowest amount you can pay to the bookmaker , but this time, it’s in order to qualify for the bonus program. Most bookies offer a special first deposit bonus to the new customers to encourage them to enroll. Often it’s a match of 100% to whatever you have paid. Again, the minimum deposit bonus is set to ensure, that bookmaker is not adding too much to his slip and that his “generosity” is not abused.
More often than not, the minimum deposit is the lowest amount that will qualify you for the bonus, but you should always check if the bookmaker you’ve chosen actually follows that rule of thumb.
Mobile Betting Bonus
This is any sort of bonus that comes along with using a mobile device or the Bookmaker’s mobile app to stake on sports events. This bonus is usually handed out in order to get users on the mobile platform and it usually emphasises the advantages of mobile betting over the normal web betting portal via laptop.
As expected not all Bookmakers actually have a mobile app so the mobile betting bonus is only available with a few Sportsbooks. Some terms and conditions may apply but they will be stated accordingly by any Bookie that offers this bonus.
In-play betting promos
Live betting in itself has changed the way the sports betting market operates by a long-shot but Bookmakers have also devised a way to get Punters to gamble even more using the live betting feature and that’s with in-play betting promos and bonuses.
As the name implies, the bonuses are mainly guided by scenarios which occur in given sports events – so from then on the Bookies then put up a special offer based on the likelihood of an occurrence such as a comeback by a losing team or a player scoring a hat-trick when he’s scored just one. The Bookies can conjure up just about anything with live betting as it is all scenario oriented.
Practically all Sportsbooks that have a live betting feature offers this type of bonus from time to time although it mostly occurs during mainstream events.
Sports such as football and Basketball are paid more attention to on that front due to their widespread popularity and followership among the punting masses – judging by that it’s only logical that Bookmakers spring up bonuses from them more often than other sports.
Customer Reward Betting bonus
The customer reward bonus is basically a bonus that rewards loyal customers in the sense that the Bookies make use of certain technologies to track user activity in terms of how often they stake, the average amount used to wager, number of bets won, number of bets lost and other relevant factors which then helps the Bookmaker to properly ascertain the appropriate loyalty reward bonus that will be allocated to the customer. The bonus varies by betting activity, so not all customers will get the same bonus, some users who haven’t met up to a particular benchmark won’t get the offer.
Sports that attract more bonuses
It’s quite obvious that not all sports are the same in terms of fan base and followership as Bookies actually derive more customers from specific sports due to their global appeal. These sports attract a majority of the punters in the sports market and they are none other than Football, Basketball, Rugby, Tennis and Boxing.
Football arguably has the most fans across the world so it’s no wonder that there are a lot of bonuses associated with football betting as the Bookies do so in a view to attracting more customers and punters.
Football bets usually have the best odds in the sports market and the fact that there are a large number of football events daily helps to keep punters busy plotting their next big bet.
In football, there are a lot of betting options which spread across games and entire competitions as well. You can decide to place a bet regarding who the highest goalscorer in a given competition will be or who will win the league. It’s well worth noting that these betting options have a lot of odds attached to them because they are more or less predictions of how the season would unravel. In-game bets include Over/Under bets, first, team to score, odd/even goals, correct score, the match winner, player to score and a whole lot more.
Let’s take a look at a couple of reputable bookies and the type of bonuses they offer:
Bet9ja Betting bonus
Bet9ja may not be known all around the world due to the fact that it’s operations are solely restricted to Nigeria for the meantime, but within the county’s borders Bet9ja has proven itself to be one of Nigeria’s leading Bookmakers as they offer great odds on sporting events, as well as optimum user satisfaction plus they also have an online casino for punters who prefer the more traditional form of gambling.
They offer a variety of bonuses to existing customers including a standard accumulator bonus which adds a specific sum to a users potential winnings . Apart from the time-to-time bonuses, Bet9ja have a great sign-up bonus offer available to new customers which gives them 100% of their first deposit up to N100,000. Terms and conditions apply to the offer which are stated accordingly by the Bookie.
A 100% sign-up betting bonus is quite rare, so judging by that fact, Bet9ja really takes their bonuses seriously in a bid to attract customers.
Betway Betting Bonus
Betway is a European Bookmaker which was established in 2006 and since then they’ve been able to make a name for their selves with an impeccable reputation till date. They have a free bet offer of up to £30 currently open to new customers from the UK & Ireland respectively. The user has to make a deposit of at least #10 to receive the bonus offer.
In conclusion to this article, Sports betting promos are a great way of making the most out of sports betting and with proper utilization and planning the bonuses can yield massive profit so it’s very important to patronize Bookies that offer a great betting bonus. Make sure you always know, what is the minimum deposit, before you decide to sign up. And check if the amount is the same if you want to compete for the bonus offer: in other words, learn the minimum deposit bonus sum.