While it is not recommended, often the first thing that people are on the lookout for when it comes to a new betting site is the type of betting bonuses that are available. On this page, we want to take a little look at why websites offer betting bonuses and, perhaps more importantly, the types of bonus that will be available to you.
What are betting bonuses?
You can think of betting bonuses as an incentive to do so something on a site. Obviously, an online betting site is only going to make money if you gamble there. This means that they need to encourage you to gamble with them as opposed to with another company.
To do this, they will give you something just for signing up, or perhaps sticking around. There is nothing that a gambler loves more than money, so nine times out of ten, you are going to be given cash free on the site…although, there are some other bonuses available too (which we will talk about soon)
Obviously, the betting sites are not just handing out free cash. They know that despite offering these fantastic ‘deals’, if they can keep you on the site, they are going to earn a lot more than they gave away. Having fantastic bonuses also helps them to stand out from the crowd and pull in more visitors than they would have been able to do so otherwise. It is pretty cheap marketing, which is why you will find that some of the new betting sites tend to offer better deals. It is the best and cheapest route for them to build up their site.
Can you win with betting bonuses?
Odd question, right? Well, remember what we said at the start? We said that you shouldn’t really be looking out for sites solely on the bonuses that they have available. There is a reason for this. This is because online sites really don’t want to give away money.
This means that there will be restrictive terms and conditions in place when it comes to the type of bonuses that they are offering. In some cases, it may mean that you are only able to put the bonus cash on certain events. In others, it may be that you are going to need to play through your cash several times before you can withdraw it from your account.
It is imperative that you always spend your time reading through the terms and conditions of the bonus, even if it seems boring to do so. It will ensure that you have no wild surprises when it comes to using the website.
These are going to be the most common type of bonuses when you sign up to a site. They are to get you through the door.In most cases, the bonus will be a ‘deposit based’ bonus, although not quite the same as those casino bonuses. You may be giving £10 or £20 for putting a certain amount of cash into your account. On some websites, they may give you this for your first few deposits. The great thing about having such a low amount of cash you can get from the bonus is that the terms and conditions are going to be a lot less restrictive.
If you are lucky, you may find some websites out there which allow you to just sign up and get cash without depositing anything into your account at all. However, I must point out that these websites are few and far between. You will tend to find that these bonuses exist with the newest websites for a couple of weeks at the start.
Other bonuses may include better-than-average odds on certain events. For example; it may be 3/1 for a team to win an event, but the site offers odds of 20/1 to encourage you to sign up.
VIP Betting Bonuses
You at also see some sites offer bonuses for people who continue to play at their site. They will be in the same style as the welcome bonuses, but often a lot more lucrative.
Looking for the best betting bonuses?
If you are looking for the best betting bonuses around, you will be pleased to know that the team here have been working incredibly hard for you. Below, you will find a list of some of the best bonuses around. Remember; all of these sites have been vetted by us. This means that not only are you going to be getting a wonderful bonus, but you can be sure that whatever site you select is going to be a brilliant place to play too.