The online betting industry is hyper competitive, and every major betting site on the internet offers bonuses to new players. When betting sites compete, the individual sports bettor gains. As a player, you get to take advantage of these betting bonuses and pocket extra cash. In most cases, online betting bonuses are offered as percentage match deposit bonuses. What that means is that any amount you deposit is matched at a certain percentage rate. For example, a 10% bonus means that you’ll get an extra 10% added to your first deposit at that betting site.
This page lists details and conditions to be aware of for all type of gambling incentive offers, categorized below to help you find the right promotion tailored to your personal tastes.
Find All Types Of Offers And Promotions
You can find the best online betting bonuses by visiting any of our highest-recommended betting sites. The sites that we recommend are the largest and most well known betting sites on the internet. These sites stick to their word and they tend to have more money to throw at new players.
If you want to look for your own online betting bonuses, the main thing we recommend you do is read the terms and conditions for each betting site. You want to make sure that there are no catches associated with getting the bonus money. Once you have that out of the way, you can look for the bonuses that offer the most money to new sign-ups.
Sports Betting Bonuses – Online sportsbooks offer deposit bonuses to all new customers who sign up and make a deposit. The average match rate for sports betting bonuses is around 10%. This means that if you sign up and deposit $200, you’ll get an extra $20 as an added bonus.
Most sports betting sites that offer these types of bonuses do not place a cap on your bonus. Bodog Sportsbook, for example, lets you deposit up to $100,000 at a time. If you make a huge deposit, you’ll get the full 10% no matter how much it costs the sportsbook. They are just happy to earn your business.
Once you make a deposit at a sportsbook and get your bonus, you will have to meet the wagering requirements before you can withdraw the bonus money. These requirements stipulate that you have to place a certain amount of bets before withdrawing the bonus.
Using Bodog as an example again, they have a 1x rollover rule for sports bonuses. This means that if you deposit $100 and get a $10 bonus, you will have to place a total sum of wagers equal to $110 before you can withdraw the bonus money. That’s really not too bad at all.
Best Poker Bonuses – Online poker sites also offer signup bonuses in the same fashion as sports betting sites. The difference is that internet poker sites typically offer much more generous deposit bonuses. A typical poker site will give you something like 100% up to $600 extra on your first deposit there.
A 100% match rate at a poker site means that your first deposit there is doubled. So if you deposit $200, you’ll get an extra $200 on top of that. The maximum amount for online poker bonuses is around the $600 to $1000 range. These bonuses are great for new players who are building bankrolls.
Poker betting sites also have their own clearing requirements. The exact rules are a little different at every poker site, but the basic idea is that you have to play real money poker to clear the bonus. You will usually receive the bonus money in increments of $5 or $10 until the entire bonus has been released.
Online poker betting bonuses take a little bit longer to clear, but they are not ridiculous. If you play poker on a regular basis, you won’t have a problem clearing the entire bonus. And if you never make it around to clearing the entire bonus, you at least get to keep whatever bonus money you have already cleared.
Online Casino Bonuses – Online casino sites offer the biggest bonuses of them all. At a casino betting site, you can find bonuses that range from a few hundred dollars to several thousand dollars. The downside is that casino betting bonuses take longer to clear and are more difficult to clear profitably.
Casino betting sites structure their bonuses in a similar fashion to the other bonuses we’ve talked about so far. They offer a percentage match rate and maximum bonus for all first deposits made by new players. The casino then sets aside the bonus money in a separate account until you have met the wagering requirements.
Most casinos set their wagering requirements somewhere around the 15x to 20x range. This means that you have to wager the entire bonus + deposit amount a total of 15 times before the money can be withdrawn. You don’t have to lose that money; you are only asked to wager that much. Even so, this can take a long time and be difficult to accomplish due the house edge that is built into most casino games.
Are Online Betting Bonus Offers Legit?
Surprisingly, most online betting bonuses are legitimate offers. Once you make a deposit and get your bonus money, the cash is yours to keep. You’ll have to meet certain wagering requirements before you can withdraw the cash, but those requirements are not over-the-top. After you clear your bonus, you can cash it out or use it make more bets.
Online betting sites are willing to pay good marketing money in the forms of bonuses. These online betting bonuses are offered as an incentive for players to sign up at “Betting Site X” instead of “Betting Site Y.” Essentially, these bonuses are free money that you get to keep.
The purpose of online betting bonuses is two-fold. For one, the goal is to attract new players and spread the word about the betting site. Secondly, the bonus gives each player a chance to try out the betting software and get a feel for the betting site without having risk a bunch of his or her own money.
Poker sites are especially generous with their bonuses because they need new players online constantly to keep the games running. It’s a difficult situation for poker sites because they need players to stick around in order to keep new players coming in. As a result, poker sites are willing to give away a lot of money to attract new players.
In summary, online betting bonuses are legitimate offers. However, we still recommend that you always read the terms and conditions before you sign up. Large and well known betting sites are dependable in this area, but small and unknown betting sites should be approached with a little more caution.