Understanding Betting Bonuses : A Beginners Perspective
Betting has also branched out to sports in the online arena, also known as "Online Sports Betting".
However so, the business has become extremely competitive over the past few years and each one is trying to out do the other by luring potential gamblers with bonuses.
The bookmakers have resorted to this age old method for years now and everyone does see headlines and gambling landing pages such as “Join NOW to get a SIGNUP Bonus of 50% or 100% or 200% or even 400% etc”.
If we consider this example, we can understand that as soon as we sign up with the above online sports betting website, they not only give us the deposit of the actual funds infused, but over and above that they offer us an additional amount, which is up to 500% of the value of the funds infused.
• However, does this imply that one can simply infuse funds and then cash out the very next moment to earn a 50% profit within a few minutes?
The Answer is NO, most of these online betting websites have terms and conditions that help them to actively avoid such abusers of Betting Bonuses and enable them to run a financially sustainable business model.
• Hence, when one is considering betting online, he/she must simply Understand Betting Bonuses better, in order to make the wise choice and invest their money better.
• Capped Betting Bonuses.
The very first thing that one MUST consider before infusing funds into an online betting site, is that the betting bonus is more often than not restricted to a certain amount. That is, the extent to which a gambler can receive a bonus on their initial buy-in us capped.
• If we consider the above example of a betting bonus of 50% then the online sports betting website may set a specific amount beyond which you may not receive a bonus. If the amount is set at 500 USD then any investor who infuses upto 1000 USD will get a clear 50% bonus, However, any amount over 1000 USD will also get 500 USD as bonus and not more.
• Rollover Requirement
Most of the online sports betting sites that offer Betting Bonuses at Sign-up often have a rollover requirement too, this implies that the player cannot withdraw the amount he/she has won until the minimum number of times the original buy-in is risked.
• To understand this, we consider the above example itself, in which upon signing up with the online betting site he receives a 50% bonus.
However, this bonus of 50% is attached to a roller requirement of 10x. This implies that since the player was granted a bonus, he is now required to bet 10x (10 times) the original buy-in (May or may not include the bonus) in order to cash out his winnings.
Realistically, professional players avoid such rollover tie ups, while casual players prefer a small bonus percentage as it usually transcends to a smaller rollover requirement as well.
Though, Betting Bonuses primarily deal with welcome bonus, however, online sports betting sites do offer other bonuses as well such as reload bonus, free bets, loyalty reward programs as well, but one must be careful while accepting such terms and signing-up.