Best Sport Betting Bonuses
Sports betting bonuses are a fantastic way to enjoy a punt with a little extra in your balance. Online bookies are using these offers to attract new bettors, as well as retain existing ones. There are so many betting sites to choose from now and these bonuses play a huge role in deciding which to use. Generous promotions seriously enhance the betting experience, and so we are always on the lookout for the places offering them the most.
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What is an Online Sports Betting Bonus?
A sports betting bonus is as simple as it gets. They are not just only easy to claim, but it’s just as painless to use them too. Simply put, it is a bonus to use on your favourite sports. They come in various sizes and levels of generosity, from as little as £5 to as much as multiple times your first deposit.
The most common type is a free bet, which you will either earn as a loyalty reward or as a welcome promotion when you sign up for bookies. You will be able to place a single bet or an accumulator using bonus funds, and whatever you win will be yours. There are terms and conditions involved, of course, and we will discuss that in more detail later on.
There are other types of sport betting bonuses out there too, including odd boosts, cashback, and more.
Frequently asked questions about Betting Bonuses & Promotions.
What is a betting bonus?
A betting bonus is something offered by online bookmakers to new and existing punters. There are some very generous offers available on sign up, and plenty of rewards to claim as a regular too.
How do betting bonuses work?
Betting bonuses are credited to your account for you to use. Simply add it to your bet slip to use it towards your chosen market.
How to claim a betting bonus?
Claiming a betting bonus is simple, but be sure to follow the instructions set out. Some may require a specific promo code. Others may have minimum deposit requirements or exclude certain payment methods. Always check before accepting a bonus.
How many types of betting bonus are there?
There are four types of betting bonuses. Matched bonuses, free bets, odds boosts, and cashback. Each has its own qualifying rules and will come in various sizes depending on the operator.
Do betting bonuses have terms and conditions attached?
Yes, betting bonuses have terms and conditions. The ones worth noting are wagering requirements, expiry dates, any market restrictions, minimum odds, and maximum wins. Each of these can make a real difference to the value of an offer, so it’s always worth checking first.
Do all gambling sites offer a betting bonus?
Most gambling sites that have a sports betting platform will offer a betting bonus of some sort. Many operators also offer bonuses for casino, poker, bingo, and more.
Can you win money with a betting bonus?
Yes, you absolutely can win money with a betting bonus. Sports can be unpredictable, so nothing is guaranteed. However, if you predict correctly and your selection wins, then you win too. Once you have completed wagering, you can withdraw your cash.
Do betting bonuses expire?
Yes, betting bonuses expire. Offers of this type usually have the shortest expiry dates, so be sure to use them within the timeframe or risk losing them.
Different Types of Betting Bonuses
Specific details will vary across bookmakers, but there four primary types of sports betting bonus. These are matched bonuses, free bets, odds boosts, and cashback. A matched bonus will double your first deposit, giving you more to bet with, some will even offer more than double.
- Matched Sports Betting Deposit Bonus.
- Free Bets.
- Odds Boosters.
Free bets are the offers you will see more than any other. This may be completely free and require no spending, or it may be credited after meeting specific criteria, such as spend £10 get £20.
New customers may be offered very inflated odds on a particular market that would otherwise be a short price. For example, the football team at the top of the table is playing the team at the bottom, and you may be offered 50/1 for them to win. These are called odd boosts, or enhanced odds. Alternatively, you may also get a much smaller boost on your chosen bet, such as a 10% win bonus.
If you’re a regular punter with larger stakes, you may also be given the option of choosing a cashback bonus. This involves receiving a percentage of your losses back over a period of time, usually a week. This is particularly valuable to the bigger spender, as it’s essentially an aspect of risk-free betting. All in all, the different types of betting bonuses will vary across bookies, and your favourite will depend on your preferences.
Pros and Cons with Sports Betting Bonuses
The biggest advantage of a sports betting bonus is how much more enjoyable they make your betting experience. You are not only well-rewarded, but your money can go further, and that makes a huge difference.
For the most part, free bets and the likes are not restricted to specific sports. Of course, they can be, but it’s quite rare. This means you don’t have to change your betting style to make the most of a bonus. You can still choose your favourite markets, but get a little extra for doing so. More pros of a betting bonus include:
- Bigger stakes when combining a betting bonus with real cash, so a chance of larger wins.
- Better odds with boosts on markets you may be betting on anyway
- Can be used on desktop, tablet and mobile
Everything has drawbacks though, and this is also true of these sports betting offers. They are generally reserved for new customers or very loyal ones. This means that, for the average punter who likes a Saturday accumulator, it’s harder to bag a bonus. The qualifying criteria can sometimes be above-and-beyond what you would usually spend, and at that point, it’s not worth having.
Sport betting bonuses also tend to have quite short expiry dates, usually within 7 days. The issue with these rules is that there may be none of your favourite sports that are on again within this time period. In these cases, you will need to place your bet on something you’re not as interested in, or know less about. If not, the bonus will expire. There are other cons to these offers, including:
- Tough terms and conditions like wagering requirements
- Sometimes very low value and small amounts
Should I Accept a Bonus from my Bookmaker?
It’s hard to deter anybody from accepting a bonus. Mostly, they are well worth having. There are a few things you should always do beforehand though, and it’s important to keep this in mind.
Firstly, consider whether the bonus is actually worth having. How much do you need to spend to get something and is it more than you would normally spend, anyway? If you need to spend over £100 in a week to get a £5 free bet, for example, you should assess whether this is achievable for you.
If a bonus from a bookies doesn’t actually cost you anything, then it is always worth accepting. These offers do exist, and they’re very popular. If a brand is offering you a completely free bet for signing up, go for it. As with anything, remember to always check the terms and conditions. Although it won’t cost you a penny of your own money, specific bonus rules can make it very difficult to win cash.
No Deposit Betting Bonus
Let’s talk some more about these no deposit betting bonuses we just mentioned. The most sought after of all betting offers, these are almost always saved for brand new customers. They are a great technique for attracting new punters, and it is easy to see why. Admittedly, they are much harder to come by than the standard match bonuses, but they are out there.
There is no catch involved, simply register your details, and be credited with a no deposit betting bonus to have a go with. If it’s your lucky day, you might just land a decent-sized bet without actually spending anything. Sounds good, right?
Bookies aren’t stupid, though, and they do have a few techniques to protect themselves from too much damage from these offers. This comes in the form of terms and conditions, and there will plenty of them attached to a free bonus.
We Offer The Best Betting Sites and Promotions
Save yourself the hassle and use Jackpot Slayer to find the best betting sites and promotions. We review and compare online bookmakers, creating a shortlist of the very best quality for our readers.
Sports betting offers play a big part in our reviews, but they are just one of the many criteria we use to assess the very best. The markets available on site are equally as important, because what is a betting site with nothing to bet on? Popular markets like football, golf and cricket should be readily available, including other niches like e-sports and virtual sports.
It would take you hours to look in any detail at several online bookmakers. Instead, visiting Jackpot Slayer and checking out our top lists would take just a few minutes. Not only can you save a lot of time, but you can guarantee that you’re getting the very best deals too.
Nearly every sports betting bonus will have wagering requirements as part of its terms and conditions. This can be seen as something quite confusing, but it doesn’t need to be. The wagering requirements means how many times you must bet the bonus amount before you can withdraw any cash.
Here’s an example. You are credited with a £10 free bet, with 4x wagering. This means that you must spend £40 before anything in addition becomes cash. You place your £10 on one bet, which returns £70, which is great. The issue is that you haven’t completed wagering, as you have only wagered £10 so that £70 isn’t yours yet. You will need to place another £30 worth of bets (£10 bonus x 4) before you can withdraw.
The specific wagering rules will depend on the bookmaker and the size of the bonus. It can range anywhere from 4x, right up to 40x, so it is important to check before you start using it.
Tips and Tricks
There are a few things you can do to get the most out of your sports betting bonus. Firstly, remember that you can claim as many new players offer as you like. You can only have one per brand, but you can join as many sites as you want to make the most of these introductory offers.
Check and understand all of the terms and conditions of a betting bonus before you accept it. Although there’s not a lot you can do to change them, knowing beforehand avoids any nasty surprises. Specifics to check for is wagering, minimum odds on free bets, maximum wins and expiry dates.
Always use a comparison site like jackpotslayer.com to find your offers. It will save you time and effort, and ensure you’re always getting the most generous bonuses.