What are Betting Requirements?
Online sportsbooks constantly offer various bonuses for both new or regular bettors. These bonuses can get you free bets, match your deposit, double your winnings, and return your money. However, to take advantage of these bonuses, you'll need to fulfil the betting requirements. Also, remember that you need a payment method for depositing and withdrawing your money before using these bonuses.
Betting requirements are limitations that the sportsbook has set on their platform before you could use the offered bonus. Every site provides different requirements, but you usually need to bet on a specific odd, deposit an amount and use it within a particular period of time.
Top 4 Bonuses You Should Use from Bookmakers
The sports betting bonuses you may find as you bet along are a welcome bonus, free bets, deposit match-up bonus, price boost, reload bonus, and rollover. Keep in mind that the betting requirements for these bonuses may differ from one bookmaker to another.
Having a bonus you can use for your bets is the cherry on top, especially when your bet turns out a winner. Let's look at some of the best betting bonuses you should look for.
Welcome Bonus
You can claim a welcome bonus or sign-up bonus only if you're a new member of a sportsbook. These are usually heavily advertised on the front page of the bookie to lure in new players so they'll sign up.
These welcome bonuses aren't always straight-laced, as there are many different kinds of welcome bonuses offered across online bookies and they're always available for users to claim. They're usually available within a time limit, so the bonus will be fortified if you don't use them within the given period.
The most common sign-up bonus used in most bookies is the deposit match-up bonus and free bets you can claim at Sportsbet.io. Even though a welcome bonus can be any of the sports betting bonuses, you'll find. This depends on the bookie's preference on what they want to put as an incentive once you've chosen a bookie.
Deposit Match Up Bonus
This is a bonus only available for new players at a betting site. The deposit match up bonus matches your first deposit up to 100%. They often add an amount that will match your bonus. Also, the percentage that matches your deposit differs starting from 20% up to 100% depending on the bookie.
For example, if you want to bet on football matches and you found a sportsbook that offers a 100% match up to $20. If you deposit $10, you'll receive the same amount into your account balance. If you deposit more than the amount they've stated for the match-up, then they would only deposit the highest amount they've indicated. So if you've deposited $30, they would only offer a $20 bonus.
Free Bets
You can easily claim free bets if you're a new player. However, some sports betting sites offer the bonus as an incentive for regular players. This works by betting on a certain odd, and you'll then receive a free bet that you can use on selected sports.
The bookie indicates what odd you'd have to bet on and the amount you have to bet in order to claim it.
For example, a bookie can offer new users 3x their stakes in free bets. They announced that you need to bet on the odds of over 1.50 and bet exactly $15. As they've mentioned, you could bet on any of their available sports, then you can pick one with the odds they've mentioned. Once you've fulfilled their requirements, you'd then receive 3 times the stake you made, which means that you'd get exactly $45 and you can stake it as a free bet.
Price Boost
A price boost is available for a claim if you're a new or regular customer on the online bookie's site. You can find an offer daily, monthly, or whenever a new league season starts.
This bonus lets you increase your sports betting payout if the team or league you bet on wins. The only thing you need to do is to ensure you boost your bet with this bonus so you'll maximize your payout.
The daily price boost usually resets every 24 hours. Therefore, you can boost your bet the next day if you've missed out on the existing bonus.
However, it is important to note that most bookies offer this bonus on a specific odds. If you've won a bet without boosting your odds, then you won't be able to use it once you've cashed out your profits. Thus, either way, you would need to risk the chance of not winning when you bet on a match you wanted.
