BETTING FROM INDIA WITH LEGAL GAMBLING SITES & APPS
THE BEST CRICKET BETTING APPS FOR ICC T20 WORLD CUP
Sportsbooks offer bettors a wide range of enticing bonus offers in a bid to stand out in an extremely competitive market. You can therefore benefit from all manner of free bets, boosted odds promotions, risk free wagers and more. These sportsbook bonuses can really help you swing into a profit over the course of the year, so it is important to snap up as many of them as possible. However, there are wagering requirements, terms and conditions that you need to bear in mind, so we have created this sportsbook bonus page to help you understand what is on offer. Read on to learn more about the exciting offers you can take advantage of today at some of the cricket in the world.
Sign-Up Bonus Offers
Hundreds of betting sites are all vying for your business and they must work hard to stand out from the crowd. The vast majority of sports betting sites provide attractive betting sign-up offers in an effort to tempt new customers. These are the key welcome bonus offers that you should familiarize yourself with.
Matched Deposit Bonus Offers
You generally have to deposit some of your own money into a new account before you can unlock a sports betting bonus. This is called a match bonus. For example, betting sites might offer you a 100% cash bonus if
you sign up for a new account. That means it will give you 100% of the amount you deposit in the form of a free bet. If you deposit $100 of your own money, you will receive $200 in credit to play with.
Alternatively, a sportsbook could offer a 50% match deposit. In that case you could deposit $100 and receive $150 to play with. Some sports betting offer 150% or 200% matched deposits, while others might go to 300% or 400%, but they may only allow you to deposit a small amount when seizing this free bet bonus.
You will notice that each betting site has a minimum and maximum deposit amount for anyone that wants to take advantage of a first deposit free bet bonus offer. For example, one site might offer a 100% matched deposit up to $250, while a rival site could offer a 50% bonus up to $1,000. In the first case, you would be able to deposit $250 and receive $500 to play with. In the second case, you could deposit $1,000 and receive $1,500 to play with.
You can only qualify for a sign-up bonus if you are a new customer. You often have to enter a promo code to unlock these bonus funds.
No Deposit Bonuses
This is a risk free bet promotion. It essentially allows you to place a risk free wager without having to deposit any of your own money. If your risk free bet wins, your winnings will be added to your account balance
and you can keep on playing. If your risk free bet loses, you can walk away without having lost any of your own money.
Why would a betting site offer a risk free bet? The idea is that you will be so impressed with the sports wagering platform after betting for free that you will decide to remain a long-term customer, deposit real money and play it on various different markets. Some sports betting operators believe that getting your foot in the door is half the battle. They lure you in with a risk free bet, and then try to sell themselves in a short space of time, encouraging you to stick with them.
Boosted Odds Bonus Offers
Many sports betting operators will offer boosted odds promotions in a bid to generate new business when a big sporting event looms. This is particularly common among European betting sites. If Liverpool has a big
game against Everton in the Premier League and it is the heavy favorite to win, you might see a sports betting operator offer boosted odds of 50/1 on Liverpool winning.
The offer will be limited to new customers, and you will generally only be able to wager a small unit such as $1 at those boosted odds. You will also have to deposit some of your own money to unlock the bonus. If you win, you will be paid in the form of free bet credit as opposed to real money that you can instantly withdraw. These boosted odds bonuses are often available on soccer and tennis, but you can find some markets in the build up to the presidential election.
Sportsbooks will run other creative bonuses to tempt new customers. You might find you can bet $10 on the first quarter-final clash at the US Open tennis tournament, and then receive a subsequent free $10 bet on each of the remaining quarter-finals. You might alternatively receive double the odds on your first bet. These free bet offers are again more common among European sportsbooks, but US facing betting sites increasingly offer such free bet offers, which are also referred to as bet free, bet for free or freebet.
Free Play Bonus vs. Cash Bonus
The top betting offers can broadly be divided into two categories: free play bonuses and cash bonuses. There is one key difference between them: if you receive a cash bonus, your stake will be returned to you as
part of your winnings if your bet is successful. If you take a free play bonus, the stake will not be included when your balance is topped up after a successful bet.
Let’s say you receive a $100 cash bonus and you use it to bet on the Dallas Cowboys to cover the spread in a big NFL game. You would generally get odds of -110 on a bet like that. If the Cowboys covered the spread, you would make a $91 profit. If you placed that bet with a cash bonus, your account would be credited with $191 ($91 profit and your $100 stake returned as your bet was a winner). However, if you placed that bet with a free play bonus, your account would only be credited with $91, as you do not get the stake back on a free play bonus.
A cash bonus is therefore generally more appealing than a free play bonus when you sign up at a sports betting operator and place your first bet. However, you might find higher rollover requirements on a cash bonus, so read the small print before deciding which free bets promotions to take advantage of. As a general rule, risk free bet offers are free play rather than cash bonuses.
This is the key consideration that you must factor in when deciding whether or not to take advantage of a sports betting bonus. A rollover requirement refers to the number of times you have to play your account
credit before you can think about actually making a withdrawal. For example, you might find a 5x rollover requirement attached to a 50% free bet first deposit bonus offer. This means you have to wager your bonus
money and your own money five times before it will be available for withdrawal.
Each sportsbook sets different rollover requirements for its bonuses. They typically become more onerous as amount you receive in free bets rises. For example, you might find an 8x rollover attached to a 200% bonus, a 6x rollover attached to a 100% bonus and a 4x rollover attached to a 50% bonus. On reflection, you might decide that you stand a better chance of actually being able to withdraw money if you opt for the 50% bonus with a 4x rollover as opposed to the 200% bonus with an 8x rollover.
With each free bet offer, you must bear in mind the percentage you will be given, the rollover required, the maximum bonus cap and whether it is a free play or a cash bonus. A 50% cash bonus up to $250 with a 5x rollover requirement is very different to a 150% free play bonus up to $3,000 with a 16x rollover. SBR will always tell you what the true bonus is in each case to help you make your decision. A 150% free play bonus up to $3,000 might initially sound better than a 50% cash bonus up to $250, but it is actually a smaller true bonus. A rollover requirement is also referred to as a betting requirement or a playthrough requirement.
Loyalty and VIP Programs
A number of sportsbooks will run loyalty programs to encourage customers to stick with them. You will earn reward points every time you bet on a sporting event, bet at a table game or bet on a virtual slot. The
number of bet points you earn may differ depending on the bet you place.
For example, a site might give gives customers 1 point for betting $1 on either video poker or table games, 5 points for a bet of $1 on slot games, 3 points for betting $1 on sports singles (moneyline, spread etc.), 15 points for betting $1 on teasers, 25 points for betting $1 on a sports round robin or a parlay, 40 points for a $1 straight bet at the racebook or 60 points for a $1 exotic bet or multiple at the racebook. You would therefore earn $600 points by betting $10 on an exacta for the Kentucky Derby.
You can then exchange these reward points for free bets or other prizes. You will typically move up through the loyalty program tiers by betting a high volume or placing large wagers, and your rewards will improve the higher up the ladder you climb. High rollers and players with VIP status can expect to benefit from a personal account manager, enhanced free bet rewards and bonuses, exclusive promotions, faster withdrawals, cash back on settled bets, and other incentives, such as trips, gadgets and bespoke hospitality invitations.