How do betting site bonuses work? What types of bonuses are there?
The important thing to know is that bonuses from online betting sites are offered on certain game requirements, the rules of which are stipulated in the terms of the bonus or promotional program. This can be a registration or a bet according to the rules established in the context of a special offer.
After fulfilling the requirements specified by the betting site the player is awarded a bonus. Depending on the rules and conditions of the program, the bonus can be credited to both the main account and the bonus account in the form of money.
It is extremely rare for the bonus funds received to become available for withdrawal. In most cases, you need to cash out the bonus to meet the wagering requirements. The bonus money is then converted into real money and can be used for further bets or withdrawn to an e-wallet.
There are a very large number of types of bonuses on betting sites, as every operator has the right to propose and offer any bonus program. But in summary, there are two types of bonuses:
First Deposit Bonus – provided upon first deposit. The player receives a certain percentage of the deposit in the form of a bonus.
A free bet bonus is a free bet, in which the player receives only a net win, while the bonus amount expires after the bet is calculated.
A more interesting option is a free bet, since in this case the player does not risk anything and to meet the conditions, you only need to place a bet on certain conditions.
Why do betting sites offer bonuses?
As betting sites increase every year, it is increasingly difficult to win new customers. Betting bonuses were created precisely to attract new players and convince them to choose one betting site rather than another.
There are online betting sites that do not offer bonuses and do not run promotions, but they are very few, and usually at the same time as bonuses, betting offers high odds or other strong advantages. The remaining betting sites instead offer bonuses, which can be divided into two types:
For new players – rewards for bettors who have just registered. This is a first deposit bonus, free bets and more. These welcome bonus programs are launched with the aim of attracting a customer, forcing them to register and make a deposit.
For regular players – incentives for previously registered bettors, provided in order to keep a customer or, in other words, not to let competitors go. These are all kinds of promotions, jackpots, the same free bets, loyalty programs.
Betting sites want to attract new players and keep those already registered, retaining them with weekly promotions or different bonuses. However, before agreeing to participate in a particular bonus / promotional, it is necessary to know the terms and conditions that govern them.
What do you need to know before receiving bonuses?
Before taking part in any bonus or promotional program, you must carefully read the terms and conditions of the offer on the betting site. This is necessary, first of all, to understand how to get and redeem the bonus. There are always certain conditions, the ignorance of which can play a cruel joke with the best. Also, in some cases there may be restrictions and obligations for players.
Some betting sites may limit the withdrawal of funds during the bonus wagering period or require you to place a certain number of times the deposit amount and not the bonus funds. Therefore, read the bonus offer rules carefully before accepting the terms and receiving a bonus.
It is also important to ensure that you can receive the bonus. Sometimes you can find restrictions for a number of countries and fund deposit methods. Hence, on betting sites, the first deposit bonus is often not provided to those who replenish their account through Neteller and Moneybookers.
Keep in mind that a person is only eligible to receive one bonus, unless another is specified in the betting site’s rules. If the betting site finds you multi-account, it can cancel the accumulation of bonuses, which is usually indicated in the rules of the site itself. Furthermore, to participate in the bonus programs, it is almost always necessary to complete the profile in your personal account.
Is it possible to withdraw bonus money?
There are bonuses that can be withdrawn immediately after depositing. But in most cases, especially when it comes to first deposit bonuses and free bets, the bonus funds only become available for withdrawal after the wagering requirements have been met.
When withdrawing a bonus, the betting site may request documents for personal identification. This is a common and safe procedure.
After the player fulfills the conditions, he will be able to freely dispose of the bonus funds which are converted into real money, withdraw or place bets.
What is a betting site
An online betting site is a betting company. You can bet money not only on sports, but also on events from the world of culture, politics, economics and play online casino or poker.
You can become a customer of a betting site from the age of 18. To do this, you need to register and verify your identity.
Betting sites accept bets before the event starts and in real time.
In the various countries of the world, betting sites must be licensed by the government and possess a territorial license that regulates online gambling. Such betting sites are called legal. They pay taxes, obey the laws and make payments securely.
At which betting sites is it recommended to register?
There are hundreds of online betting sites and the player who wants to open a new account is often bewildered by this great offer. However, there are betting sites that are preferable to others and this is because they offer international sporting events, competitive odds and diversified types of bets. In this site you will find the best betting sites, reviewed and chosen on the basis of requirements such as the bonuses offered, the service, the type of bets and much more. If you want to open a new account on a betting site, we recommend that you check the list of betting sites on this page and read the dedicated reviews for each betting site. This way your choice could be made easier.