Betting offers and bonuses

Almost every online bookmaker on the market makes sure to offer at least a couple of betting bonuses. However, the most generous operators tend to include a variety of promos on their platforms. This allows different types of punters to claim a reward that they prefer.

In case you didn’t know, a betting bonus gives out extra credits that you can use for sports wagering. Keep reading to learn much more about betting offers and how they work. But, before that, check our hand-picked promotions featured at tested and approved online sportsbooks.

How to Claim a Sports Betting Bonus

Applying for a sports betting offer isn’t a hard and time-consuming process. Even beginners can complete this task in a matter of minutes. All you have to do is follow our simple step-by-step guide.

Join an Online Bookmaker

Check our list of top sportsbooks and choose the one you prefer. After that, click on “Sign Up” or “Register” and fill out the form. Here, you must enter your full name, birth date, email, physical address, and phone number. The operator will also require you to agree to the T&Cs.

Explore the Available Bonuses

Open the “Promotions” section and check the available betting offers. Compare the ones you like and decide which bonus to claim. It’s also crucial to read and study the promo's T&Cs. Here, you'll find the most important details about the offer.

Apply for a Betting Offer

Click on “Claim” or “Apply”, pick a payment method, and enter an amount. Then, provide your bank details and approve the transaction. If the betting promo doesn't require a deposit, you can apply with one simple click. But the operator may require a bonus code, which you'll find in the T&Cs.

Start Betting With Your Bonus

Once you apply for the betting offer, the operator will instantly credit your bonus funds into your account. Now, you can access the "Sports" section, pick an event and betting market, and place a bet. Don't forget to meet the wagering requirements afterwards.

Pros and Cons of Applying for Betting Bonuses

There are several solid reasons why you should claim and use betting bonuses. But there are also a few negative aspects that you need to be aware of. As such, we at BestBet decided to reveal the most important advantages and disadvantages of applying for betting offers.

Pros

• Provides extra credits for sports betting
• Try new sports and betting markets with less risk
• You can win additional payouts with bonus funds
• Apply for risk-free bonuses
• Claim special rewards from VIP/loyalty programs

Cons

• Most betting bonuses have wagering requirements
• Operators usually set odds limits
• Some offers have short validation periods

Most Popular Types of Betting Offers

There are numerous different types of betting bonuses featured at top betting sites. At this stage, we’ll cover the most common offers that you can find at almost every reputable online bookmaker.

Welcome Bonus

This is a one-time promotion that only targets newly registered bettors. You can claim it only by using your first deposit on the market. The reward you get is usually a match deposit bonus, but some operators may give a free bet or a risk-free bet.

You can also find a welcome package that consists of a couple of match bonuses. This promo applies to your first several deposits on the platform. Additionally, pay attention to the wagering requirements as they are often part of such bonuses. 

Free Bets

A type of offer that rewards extra credits for one or multiple sports bets. You may find them as deposit or no deposit bonuses. Some bookmakers may add free bets to a much larger promotion. Either way, you may only need to use the free bets on selected sports or competitions.

Pay attention to the minimum odds and the maximum bet amount before wagering. Also, remember to meet the wagering requirements within the validation period, if there are any.

Deposit Match Bonus

As the name clearly indicates, this betting offer matches your initial deposit with a certain percentage. They are usually the most rewarding bonuses on the platform. Also, the percentage and minimum deposit vary from one platform to another.

Know that most match bonuses come with wagering requirements that you must fulfil in time. At some betting sites, they might apply to the deposit and bonus amount. Check these details in the T&Cs.

No Deposit Bonus

This promo is quite the opposite of the previous one. It rewards extra funds or free bets without requiring a minimum deposit. However, you may still need to enter a specific bonus code, which you'll find in the T&Cs. 

These offers are usually less rewarding, but they are still super attractive among punters. Also, most no deposit bonuses come with rollover requirements and have a somewhat low maximum win limit.

Reload Bonus

This is another popular betting promo that rewards a match deposit bonus or free bets. It's only available to existing punters who have made deposits in the past. Also, you can only claim it on a certain day of the week or over the weekend.

Most operators will let you apply for a specific reload bonus once a week. You can claim the reward by making a qualifying deposit within the given time frame. Remember that the wagering requirements are part of almost every reload offer.

Cashback

Cashback is a type of promotion that returns a percentage of the losses back to you. The operator may consider your daily, weekly, or monthly losses for this bonus. Also, the percentages usually vary between 5% and 30%. But you can still find more rewarding cashback offers out there.

Online bookmakers with VIP or loyalty programs often include cashback bonuses in their schemes. Some offers may only apply to selected sports and competitions. Certain operators might even include wagering requirements on their cashback promos.

VIP Rewards

Lastly, we have the exclusive rewards provided by VIP or loyalty programs. Most betting sites that have such schemes include several tiers in their programs. You usually start from level 1 upon signing up and work your way upwards by collecting loyalty points.

The perks keep on getting better with every new level you achieve. Among the most common VIP rewards are a level-up bonus, a cashback, a birthday bonus, special promos, tailored bonuses, and more.

Additional Betting Promos

Besides the most popular betting offers, you can still find a few additional promos at online sportsbooks. Know that these bonuses are unique, and they can help you win more on these platforms. You can check them out below this segment:

• Acca boost: A simple promotion that increases your potential bet slip payout by a certain percentage. The more selections you include, the bigger the boost will be. However, pay attention to the minimum odds per betting market when making a qualifying bet.
• Enhanced odds: This offer increases the betting odds on selected sports events. But, it does that only on specific markets like 1x2. Combining several such selections can significantly increase your potential payout. But the enhanced odds usually don't combine with other offers.
• Risk-free bet: A type of free bet where you get a part or all of your stake back if you lose. Operators may return the lost amount as cash, a bonus, or a free bet. Most bookmakers require a qualifying bet in order to claim a risk-free bet.
• Referral bonus: This promo often rewards bonus funds after you invite a friend to join the sportsbook. But your friend needs to register an account and make a deposit for you to claim the prize. Some operators will let you invite multiple friends and claim bonuses each time.
• Bore draw refund: A unique offer that usually applies only to football events. It returns your entire stake if the match you're wagering on ends in a 0-0. But most of these promos require using a specific betting market like 1x2 or correct score.

Betting Bonuses Terms and Conditions

Every single betting bonus comes with unique terms and conditions. You must thoroughly read them before applying so you know how the offer works and what you must do. Here are the most common bonus terms that usually appear at betting promos:

• Minimum deposit: The amount you need to deposit in order to apply for the betting bonus. Some bookmakers require spending that amount on a bet before claiming the reward.
• Wagering requirements: They indicate how much real money you need to stake before requesting a withdrawal.
• Validation period: The number of hours or days you have to use the bonus funds or free bets and fulfil the wagering requirements. Certain operators have separate time frames for using the bonus and meeting the latter condition.
• Minimum odds: It indicates what the lowest possible odds must be for each selection. You’ll often find different minimum odds on single and multi bets. Some sportsbooks have different minimum odds when applying for the bonus and when meeting the rollover requirements.
• Bet type: This indicates whether you can use the betting bonus on single, multi, or both types of bets. In this section of the T&Cs, you might also notice the eligible betting markets.
• Maximum win: Shows the maximum amount you can win while using the bonus funds or free bets. The operator will forfeit the amount that goes over the featured limit.
• Eligible sports/competitions: Some bonuses are only eligible for certain sports like football, basketball, tennis, etc. Others you can only use in selected competitions like the UEFA Champions League, English Premier League, Spanish LaLiga, and more.
• Excluded payment methods: This shows the payment methods you cannot use while applying for a specific betting bonus. Most offers usually exclude banking options like Skrill and Neteller.
• Bonus code: This is a series of letters and numbers that you need to input when applying for a certain promotion. Without it, you won't be able to claim the prize. Also, most bonus codes are for single use only.

Terms and conditions are important for one reason. They tell you how to claim a bonus, how to use it and later on, how to withdraw potential winnings that you make with it. Bettors often agree that wagering requirements are the most complicated part of the terms.

The higher they are, the more real money you need to stake. That’s why one of the best pieces of advice that you can receive is to search for betting promotions that have low wagering requirements. Here’s how they work.

Let’s say that you claim a match bonus whose minimum deposit is €10 and the wagering is x6. To calculate the requirements, you need to multiply your deposit with the wagering itself. In this particular case it’s €10 multiplied by 6. That means that you need to stake €60 real money before you can withdraw bonus winnings.

Keep in mind that on some occasions, wagering requirements might be calculated based on the deposit, the bonus that you receive and the wagering requirements, not just the deposit and the wagering requirements.

Online Betting Bonuses - A True Entertainment Booster For Those Who Know How To Use Them

Many online sportsbooks use betting bonuses as a way to attract new punters and satisfy their existing members. As for bettors, they get to use extra funds or free bets for wagering on their favourite sports. Plus, they get to choose from different types of promos, which target specific kinds of punters.

Remember to read the bonus T&Cs before you apply for a betting offer. Pay special attention to the rollover requirements, minimum odds, eligible sports, and other details.

If you’re looking for good betting bonuses, then you should check our top-rated offers. Pick the one you like to claim and make sure to gamble responsibly at all times.