Times are good for sports bettors, and there is plenty more to look forward to with betting bonuses in 2020/21.
The stiff competition among sports betting sites has brought on a boom in betting bonuses. It was unimaginable that you could get a £300 welcome bonus, but these kinds of figures are common incentives in 2020. If you are new to sports betting, you will be spoilt for choice picking from the many attractive bonuses on offer today.
What Kind of Sports Betting Bonuses are Available?
Sports betting sites have become more creative in the kinds of bonuses they offer. They also have a wider range of bonuses than land casinos. You can find the best sports betting bonuses online at sbo.net they have promotions for a range of sports.
Sports betting sites have different types of bonuses with different terms and conditions. Some of the most popular sports bets bonuses today are;
This bonus is offered to a new customer as a reward for registering. Most online casinos offer a matching bonus up to a certain number. Some betting sites in the UK are going as high as £300. Many sports betting sites will require you to place a minimum stake to qualify for the welcome bonus.
This bonus is often called a risk-free bet. It entices new customers to register and try out the betting sportsbook or online casino. It is also offered to lure back inactive customers. A no-deposit bonus is a free-risk bet. You can use it to play and win real money, which will reflect in your account. The online casino will give you a promo code to use on the bet slip.
A deposit bonus rewards customers for adding funds to their accounts. The betting site will often match your deposit 1:1. Some betting sites have started offering deposit bonuses greater than customer deposits, e.g., deposit £100 and get £130. You can get betting sites offering up to a 400% bonus on your deposit. The bonus applies up to a certain amount and often has a high playthrough.
These work just like deposit bonuses, only that they are for existing customers. This bonus is also usually smaller than the customer’s deposit, typically 90% or lower.
Cash Back Bonus
Cashback bonuses are offered to reward loyal customers who place bets frequently with the sportsbook. This bet promises cashback, depending on the outcome of a bet. You will get cashback for losing a certain number of bets on a multi bet slip. Bet slips with higher odds get higher cashback.
Betting sites also run VIP programs whose members can collect points every time they deposit or bet. You can convert these points to a cash figure which can be used to stake. The points are often counted in a ratio, e.g., 10 points for £1.
Sports betting sites will reward you for bringing onboard a new customer. Almost all betting sites have a bonus for referrals. You are assigned a link through which you can invite family and friends. Each referral earns you a commission. Most Refer-a-Friend bonuses range from £40 to £100. Most betting sites will require these referrals to deposit funds for your commission to materialize.
While this is not a cash bonus, it gives you a chance to win more money betting on games with higher odds. Boosted odds games often require you to place a multibet where the other games have certain minimum odds.
These bets are becoming increasingly popular in football betting. Here you can add additional bets to your standard 90 minutes match bet, and significantly boost your odds.
How to Claim Your Bonus
Claiming your sports betting bonuses in 2020/21 is pretty straightforward. You are required to be a fully verified member as per the betting site’s requirements. Some betting sites require proof of ID, but many are OK with phone verification.
You will find most bonuses in your wallet, account, or cashier area. The bonuses you qualify for are listed for you to claim. But many betting sites have a promotions section where you can find all the bonuses that are running. Click on the one you want and claim it.
Sports betting sites will have terms and conditions on bonuses to help them keep their edge and money. The most common restriction is playthrough or rollover. It is a requirement to play for a minimum of certain odds or bets before you can withdraw the bonus. Betting sites will also state whether a bonus is cashable or not cashable.
There are many choices for attractive sports betting bonuses. Be sure to read the terms and conditions of a bonus so that you know whether it adds any value or not. Whichever the case, any bonus is free money. Claim it!