Online sportsbooks are extremely popular across the globe. They allow you to make wagers on matches, events, and tournaments. In the following text, we discuss how to get the right welcome bonus when signing up.
Are you on the hunt for a new online sportsbook? With so many on the market, finding the perfect one can seem almost impossible. When welcome bonuses are brought into the equation, it can be even more confusing. We try to break down the barriers and help you decide which is right for you in the following article.
What Is a Welcome Bonus?
It is expected that the global online sports betting market will have 181.3 million users by 2029. The industry has grown from a niche pursuit to one embraced by a wide range of demographics and it is now used as a main source of entertainment. From twenty-year-old males in the US making football bets to seventy-year-old women playing bingo in Brazil, online betting and gambling are here to stay.
The industry has worked hard to get to this point by using a range of techniques. These have included improving safety and security, customer service, the range of markets, and accessibility. The major providers have allowed people to play through browsers or mobiles, running concurrently with the rise in popularity of mobile gaming. As an example, you can select a Bet app download and make a wager in minutes while you are on the move or even at the game itself.
One of the most innovative ways the industry has expanded has been by attracting new players, and one technique they have used is the welcome bonus. This is an offer, or package of offers, to entice new customers. It can take the form of credit given to make bets or play games. Very often, it will also have free spins to be used on casino games. Some operators will even let you choose a welcome bonus to suit your personal needs.
What Considerations Should You Make When Choosing a Welcome Bonus?
Welcome bonuses differ considerably and not everyone will suit you. Thus, it pays to consider the following factors before you begin the search.
What Do You Want to Bet On?
The first step is to look beyond the bonus at the service provided. Make sure it has plenty of markets for the sport you will be betting on. For example, if you want to bet on the Premier League you can probably use most operators. Yet if you desire to place bets on obscure leagues in various countries, you may need to check to see how far their market stretches.
Some providers will also have niche betting markets. This can include sectors like eSports or current events betting on elections or entertainment awards.
Is the Bonus Useful to You?
Next, decide if the bonus is useful to you. If you are using the service purely to bet, then you need bonuses that provide matched deposits and free bets. You may see offers for free spins, but unless you plan to play slots they don’t matter.
Diving into the terms and conditions is also useful. Offers for free bets may only be redeemable on certain sports such as football, basketball, and other major markets. If you have signed up to bet on eSports, these offers may not be applicable.
What Is Offered Beyond the Welcome Bonus?
Finally, take a look at what is offered beyond the welcome bonus. Quality sportsbooks will not just provide offers for new players, but for those who continue to wager with them. This can include everything from VIP schemes to weekend special wagers on the most popular sports.
What Offers Are Usually in a Welcome Bonus?
A welcome bonus can consist of one offer or several in a bundle. Below are the offers you are most likely to encounter.
Matched Deposit/Matched Bet
This is where credit is given to you by the operator to place bets. They will match the amount that you deposit with them. So a matched deposit of £30 means if you deposit that amount, they will match it giving you £60 in total to bet with. Sometimes they will be expressed as a percentage, so you may get a 50% match of the amount you deposit.
Matched deposits and bets will be capped. This is so people can not deposit thousands and expect the provider to give them the equivalent amount.
Free Bets
Free bets do exactly what they say. They provide you with credit that can be used to place on wagers.
Free Spins
Free spins are free attempts at playing slot games. If you plan to use these for recreational activities then they can be very useful, letting you get to grips with games without using your bankroll for a short period of time.
By knowing these rules and considering what you want, you should find the right sportsbook. You can always change if you don’t get it right. However, many will reward your loyalty so finding the right place to wager now can pay dividends in the future.
