Best Online Betting Bonus Offers

If you’re new to the world of online sports betting listen up! You need to pick a bookie that gives you great value for your money. One of the ways you can do this is by assessing the promotion and bonus offers they have on offer, beyond the odds they give on the various betting markets featured on the site.

To determine if a particular bookmaker is right for you, you need to assess them on three main criteria. First, consider the amount being offered to both the new and veteran members of the site. Next, think about the type of free bet that’s on offer. Finally, review the terms and conditions attached to each offer.

This guide explores the best online betting bonus offers and where to find them.

Types of Betting Bonuses

There’s no rule about the type or amount of offers a site should give to its customers. Different bookies feature different types of bonuses. Some may be easy to qualify for while others, hard to get. Some may constitute generous amounts while others may be average. 

Whatever the case maybe it’s a great way to rack up customers. Here’s what you need to know about them before you settle on one.

Free Bets Promotions

A Free Bet is a common type of offer given to new members of a sportsbook. However, a common condition attached to them is that you have to deposit funds before you can claim it. You can fund your account in different ways including debit and credit card payment methods, eWallets and Bank Wire Transfer.

With that said, free bet bonuses come in several different forms. Some of the most common ones include:

Match Stake

Sites that offer match stakes typically require that you first register an account with them and then fund it. You would then place a bet on any of the available sports markets. The bookie would match the amount spent on this first wager giving you double the stake of what you placed on the original bet.

For instance, if you wagered $10 on any of the football markets on a site, the bookie would match that stake by crediting you an additional $10 in a free bet to give you a total stake of $20.

Always take a moment to view the restrictions and conditions for this type of free bet. They usually have a limit on the minimum and maximum amounts you can wager. For most sites, this is usually anywhere between $5 and $25 for both minimum and maximum stakes. They also have odds requirements attached to them which, in most cases, are games or markets with a minimum of 1.50 and 2.00.

Free Bet Series

These are very similar to the match stakes you’ve seen in the previous section. But, instead of receiving the bonus free bets as a lump sum, it is instead broken down into a series of free bets. This would look something like “Bet $50 and get five $10 free bets!”

They usually come with a time restriction attached requiring the bettor to use them within a certain period before they expire. Another common condition is that all the free bets aren’t usually available at a go. The next bet in the series usually becomes active on a specific date once the previous one is used or expires. Sports betting sites usually place these conditions to encourage players to return to their site and bet again in the future.

How Do Free Bets Work

Regardless of the type of free bet you get, always ensure that you read the fine print in the terms and conditions section of the site to understand what it entails. So how do they work?

Free bets are quite different from regular bets in several ways. For one, if you lose a free bet, you don’t incur any monetary loss. However, in a regular bet, you would end up losing your stake. If your free bet wins, you only get your profit, and not the stake plus the profit – like you would in a regular bet.

Promo Codes for Sports Betting

This is a popular trend in the betting world and is used by bookmakers to shave off a few extra bucks at the time of registration. Promo codes are considered the holy grail of betting bonuses and are highly sought after by players the world over.

However, not all sites offer them and those that do generally restrict them to welcome bonuses and specific offers reserved for existing members of a site. Nonetheless, if you know where to look, you’ll find them in abundant supply. 888sport casino, for instance, gives new customers $30 in Free Bets when they fund their account using the promo code 30FB.

Deposit Bonus – How It Works

Deposit bonuses are the second most common type of sports betting offer you’ll come across after free bets. This is essentially a match bonus offered by a bookmaker where they match a percentage of a bettor’s deposit up to a specific amount.

Here’s how it works. You might have come across a sportsbook offering a 50% bonus on all deposits made to fund a punter’s betting account up to a maximum of $200. What this means is that for every $1 you deposit, the bookie gives you $0.5. So if you funded your account with $100, you would have a total balance of $150 to bet with. 

Likewise, if they were giving a 100% deposit bonus, it means that for every $1 you deposit, the site credits an extra $1 to your balance. So, if you funded your account with the same $100 like in the previous instance, you would have a total of $200 to bet with.

Ideally, you should try to find a betting site that awards its members 100% or more to double or even triple your bankroll. Deposit bonuses are typically reserved for new customers joining a site. However, these are not the only kinds that exist.

No-Deposit Bonus

Unlike a deposit bonus that requires you to fund your account with a certain amount of money before the bookmaker can match the amount, the no-deposit version of this works a little differently. A betting site credits your account with a small amount of money – no strings attached. This is usually in the range of $5 and $50. It provides a great risk-free way for prospective punters to test out a bookie before they decide if they want to spend some real cash there.

Reload Bonus

This is identical to a deposit bonus in nearly every way – except for the fact that it is usually offered to the existing customers of a sportsbook. In most cases, the amount matched is significantly less than you would find in your run-of-the-mill deposit offers. In most online betting sites, the amount falls anywhere between 10% and 50%.

Terms and Conditions

Regardless of the type of betting bonus you receive, always ensure that you read the fine print attached to these offers. Free money and free bets are great and all but make no mistake about it – the bookmaker isn’t doing it purely out of the goodness of their heart. At the end of the day, they are driven by the revenue which comes from getting as many customers as possible to pick them as their preferred betting partner.

Always read the terms and conditions to get a better understanding of what is required from you to cash in on these offers. Here are the most common ones you’re likely to come across.

  1. Rollover / Turnover Requirements

These conditions usually apply to deposit bonuses, but they can also be attached to any other bonus offer you receive from a site. The idea behind them is that the bookie expects you to bet the amount a stipulated number of times before you can cash out.

A typical example would be something like “A 10x rollover on a 100% deposit bonus up to $200”. This means the sportsbook requires that you wager your bonus 10 times before you can cash out. If you attempt to cash out before meeting your turnover requirements there’s a good chance that the site will void your winnings and the bonus money. More often than not, however, the bookie simply rejects the withdrawal request.

So, when picking an online betting site based on the deposit bonus they’re offering to new customers, be sure to check what their rollover requirement is first before you sign up. You want to find a site that has a low rollover requirement. The sweet spot would be 5x but 10x is fine too.

You also need to check whether the rollover requirement applies to the bonus only, or the deposit and the bonus. This will allow you to do some quick math beforehand to establish which of the two gives you more bang for your buck.

The final thing you need to look out for is the deadline attached to the offer. Most bookmakers usually impose a time limit on the validity of the offer. This gives bettors a specific duration within which they have to complete the offer. Whatever money will not have been wagered by then will simply expire. So keep this in mind when looking for the best online betting offers. The rule of thumb is – the longer you have before it expires, the better.

  1. Betting Requirements

Another common condition you need to be keen on is the betting requirement attached to a particular offer. Some bookmakers usually define the sports and the respective markets that you can bet on with the bonuses.

For instance, you may receive a deposit bonus or free bet but the betting requirements confine you to football wagers only. They may further stipulate that you have to bet on parlay or prop wagers only. 

Other common betting requirements on offers require punters to wager on specific matches with predefined odds. For instance, they may require that you use the bonus to wager on football matches or cricket matches that have odds of 1.5 or higher.

  1. Cashable

Another important condition to look out for involves checking whether a deposit bonus is cashable or not. For a large number of betting sites, the no-deposit bonus is for betting only and cannot be cashed out. You might be able to withdraw your profit but not the stake that you received to bet on the site. Others like deposit, or reload bonuses can become cashable once you meet the rollover requirements.

While this may not be a big deal to some people, it can play a role in the decision-making process when deciding which sports betting site to go with. Ensure that you only accept an offer once you understand what it takes to earn it. If the terms are ridiculous – to say the least, then you should probably find a site that offers better terms.

Best Indian Sports Betting Bonus Offers

One of the markers of an outstanding sports-betting website is how generous it is when it comes to giving new (and existing) customers great value for their money in bonuses and regular promotions. If you are an avid bettor in India looking for the best sports betting bonus offers that you can take advantage of, then you’re in luck. Here are some that you’ll find to be right up your alley.

Parimatch Offers

Founded in the mid-1990s, Parimatch has grown exponentially to become one of the world’s top sports betting sites with a huge global member database that spans across several territories including India.

Some of the top bonus offers from Parimatch include:

Welcome Bonus : 100% up to $25

Profit Boost : 50% boost on profit

Bet365 Offers

Bet365 has earned a reputation for being one of the best and most trusted bookmakers in the world. They offer a massive amount of promotions across a wide array of sports that many other sites find hard to beat.

Some of the top betting bonuses from Bet365 that you can take advantage of include:

Open Account Offer : 15% up to $60

Bore Money Back Bonus : 100% refund on stake

Betfair Offers

Betfair has emerged as one of the most popular online sportsbooks thanks in large part to the 20-plus years of experience it has garnered in the industry. Its regular promotions and unbeatable offers have made it a fan-favorite for many.

Some of the bonus offers you’ll find at Betfair include:

New Customer Offer – Option 1 : 100% up to $60

New Customer Offer – Option 2 : Up to $100 in Free Bets

Betway Offers

This sports betting site may be one of the newer industry players but it is certainly giving the older more established bookies a run for their money. It has a huge amount of exciting offers and unbeatable bonuses that make it hard to resist especially for betting enthusiasts looking to get more value for their money.

Some of the best betting bonus offers you’ll find at Betway include:

New Customer Offer – Option 1 : Up to $30 In Free Bets

New Customer Offer  – Option 2 : 100% up to $250

William Hill Offers

The betting site is touted for being one of the safest and most trusted bookmakers you’ll come across in your online sports betting escapades. As far as solid bookies go, it truly doesn’t get any better than William Hill and it makes sense since they’ve been around since the 1930s.

Some of the bonuses William Hill gives its customers include:

New Customer Offer : $30 in Free Bets

888sport Offers

888sport may have originally started as a poker and casino operator but the sportsbook section of their company is truly the star of the show. They have earned a solid reputation over the years for being master innovators as far as their customer-centric offers and promotions go.

Here are some of the top bonuses and promotions you’ll find at 888sport.

Welcome Offer : $30 in Free Bets

Paddy Power Offers

If you’re looking for a sports betting site that pushes the envelope to give its customers a one-of-a-kind experience that they won’t find anywhere else, then Paddy Power may be just what the doctor ordered. Their unconventional approach has seen them amass a huge global following and a large array of awards making them one of the top bookmakers of recent times. This is also evident in the attractive offers and promotions available for both new customers.

Here are some of the betting bonus offers you can only find at Paddy Power.

New Customer Offer : Full stake money back if the bet loses up to $10