Understanding Sportsbook Offers and Bonuses
Figure 1 There are plenty of bonuses to be had with online sportsbooks
We are more used to advising sensible and serious ways to deal with your personal finance issues here. But taking risks is a big part of investment as well – and there are plenty of traders and dealers that have done well by taking those risks in the past.
But sports betting is a different story altogether. We wouldn’t say that this is the most intelligent way to look after your money. But, with the changes in gambling laws over the last few years thanks to the US Supreme Court’s 2018 decision, there is more chance to bet on sports legally than ever before. Newcomers may be interested in learning about the variety of betting bonuses available to customer account holders.
New Customer Bonus
Even if you have never even visited an online sportsbook you will not have escaped the barrage of gambling adverts and marketing in recent months. That is especially true if you live in a state that has already legalized sports betting. The biggest marketing push is always the new customer bonus.
The competition for business is so fierce between sportsbooks that you should be able to claim a good bonus just for signing up for a new customer account. This could be in the form of free bets or a deposit match of some nature. As with all sportsbook offers, you should always check the terms and conditions though.
Price Boosts
Once you have signed up for an account and exhausted any welcome bonus available, you should be able to still claim plenty of offers specifically aimed at existing customers. All good online sportsbooks will try to keep their account holders happy, so always check the promotions page on a regular basis.
One of the favorite bonuses on offer is a price boost. This is where the listed odds for a particular betting market are enhanced. That means that you get the chance of bringing in bigger winning returns from your bet. The higher the odds, the more money you win – so a price boost is always welcome.
Figure 2 Care should be taken as there are no magic money trees when it comes to betting
Bet Insurance
This kind of offer seems to work well for both customer account holder and sportsbook. It is sometimes referred to as a risk-free bet, as you don’t actually end up losing any money if your bet isn’t successful. You will be able to make your selection, knowing that your stake will be returned if it loses.
It should be noted that there are usually fairly strict terms and conditions attached to these bonuses. You will probably need to bet on a particular market and there may even be a maximum amount you can stake too. The other thing here is that the stake will be returned as a bet credit, not withdrawable cash.
Casino Promotions
A lot of sportsbooks in Europe also have an online casino section for their customers to play as well. This isn’t always the case with the US betting sites, as gambling laws can vary from state to state. But if there is the possibility to play casino games as well as bet on sports, you may get incentives to do so.
This is because most people who sign up for a sports betting site are not always that interested in online casinos. Getting them to play the games is obviously in the betting firm’s interest, so a casino bonus is a great way to entice them to that part of the site. Because of that, these bonuses can sometimes be very attractive.
Betting Advice
As with all these bonuses, there is, of course, no guarantee that you will win any money. Betting should really be seen as a fun pastime, not a serious investment opportunity.
Betting on sports can be very enjoyable though – and picking up some of these bonuses will really help with the experience. Just don’t abandon your serious financial plans in the meantime!