Almost all online casinos and sportsbooks will offer their punters some sort of reward for choosing to play with them. This is due to the increasing popularity of online betting, and the competitive nature of the industry – after all, punters need some incentive to register and deposit at one site over another.
However, not all betting bonuses were created equally. There are, of course, some bonuses which are far more rewarding than others, and some which aren’t really all that rewarding at all.
In today’s guide, we’ll talk you through the different types of casino and sportsbook bonuses which you may come across. Pick wisely and these bonuses could help you to win that all important boxing bet, without having to spend a penny.
As an online gambler, welcome bonuses are some of the best offers you can pick up at any casino or sportsbook. As their name suggests, these bonuses are handed out to new punters, as a way of thanking you for choosing to register at that particular site.
Welcome bonuses come in all different shapes and sizes, but chances are you’ll come across one of two offers: a no deposit bonus or a deposit match bonus.
When broken down, these two deals are quite self-explanatory. A no deposit bonus is a bonus which is awarded to you, before you deposit.
Usually, these are relatively small bonuses, yet they’re completely free. This means you can place a bet or spin a few slots without having to part with any of your hard-earned cash.
In contrast, a deposit match bonus is a bonus which is awarded once you’ve made your first deposit. These types of bonuses are usually expressed as a percentage, e.g. a 100% deposit match bonus means that your first deposit will be doubled.
These bonuses give you a significant bankroll boost, allowing you to spend some time exploring the casino or sportsbook for free.
What’s more, you can usually use any means of banking to fund your account to claim these bonuses, including e-wallets. For example, PayPal casinos are extremely popular these days and there are plenty of opportunities to bet on boxing every single day.
Free Bet Bonus
Free bet bonuses are commonly given away at sportsbook sites, yet they can sometimes sound more appealing than they actually are. A free bet bonus essentially allows you to place a bet for free and, should it pay off, you’ll receive the winnings.
However, with most free bet bonuses, your stake isn’t returned to you. So, for example, if you place a £10 free bet on a market with 2/1 odds, you’ll only receive £20 of winnings.
Of course, this is still something rather than nothing. Moreover, free bet bonuses allow you place risky bets as, at the end of the day, it’s not your money on the line.
Bookmakers don’t often get a lot of praise, but they are actually quite an understanding bunch. They know that some days are luckier than others, and sometimes are disastrously unlucky. This is why they invented cashback bonuses.
Cashback bonuses aim to help you recuperate your losses. A cashback bonus may be offered as a free bet, or as a percentage of your total losses from a particular day. So, for example, if you lost £20 worth of bets on a day with a 20% cashback offer, the casino would give you £4 to soften the blow.
These types of bonuses give you a second chance at placing a winning bet, and keep your bankroll looking healthy even when lady luck isn’t on your side.