When you open an account with a bookmaker, you have just one purpose and this is to make as much money as possible. In order to achieve your goal, it is vital to choose a bookie that offers above average odds, because losses tend to compile and if you fail to maximize your profits you won’t make it in this highly competitive environment. Another way of staying afloat when making your baby steps in sports betting is to capitalize on the betting bonuses offered by the bookmakers.
They are aggressively advertised on the official websites and bookies go to great lengths to portray them as a win-win situation for players. To some extent, they are truly a godsend because they are basically money given by the bookmaker to wager on events that can in turn generate profit. Smart punters should distinguish between the two major types of bonuses as well as the wagering requirements, before opting in for various promotions.
The best bonuses are those that have no strings attached, such as loyalty ones that consist of an amount that is credited to your account to be used right away. Matched deposit bonuses demand you to fund your account with a certain sum, before having it matched by a specified percent. Another type of bonus that is less popular and can be a hybrid of the two mentioned above is the “free bet” which allows you to wager on any sport event, but you only get to collect potential profits.
When it comes to the wagering requirements, things can turn tricky, because some bookmakers demand you to play through the deposit + bonus several times before making the withdrawal. Trying to cash out before the wagering requirements are met, leads to the forfeit of the bonus, so make sure to double check the terms and conditions.