What Is A Betting Bonus?
In the most basic and direct definition, a betting bonus is free money from the sportsbook. The free cash is usually given to you for one reason or another. It could be because you’ve signed up with them, you’ve chosen to continue using them as your preferred betting site, as part of a special promotion or many other reasons. More than 1,000 online betting sites are offering Indian bettors services. It, therefore, means there could be as many betting bonusesas the number.
One of the advantages of betting online is the fact that you get to receive betting bonuses in one way or another. This is something that the traditional betting shops won’t be able to offer you.
Below, we look at some of the most common types of bonuses you will come across while betting online.
Welcome Bonuses
As the name suggests, welcome bonuses are meant to “welcome” you to the betting site. It is what you will mostly see splashed across most of the online bookmakers and casinos. You need to sign up to claim this form of bonus. Across online betting sites, there are two types of welcome betting bonuses:
- Free bets offers – immediately you sign up, you are awarded a free bet and you get to use it as you see fit. Because this is absolutely free money, the amount is usually limited to a maximum equivalent of $20.
- Match Deposit Welcome Bonus – it is the complete opposite of the free bet as it requires you to deposit to receive it. A good example is a sportsbook offering you a 100% match deposit bonus up to a maximum of $200. What this means is that you will receive an extra $200 for the initial $200 you deposit. In total, you will have a total of $400 to play with
- No Deposit Bonus – No deposit bonuses are much like the free bet on registration bonuses. And as the name suggests, you don’t need to make any sort of deposit to receive the bonus no deposit. Simply sign up at the betting site and it will automatically be credited to your account. However, there are instances where you have to use no deposit bonus codes to receive the bonus. You must opt into the promotion, then enter the code to receive the free bet on registration.
- Deposit bonus with every single deposit
- Flexible display for wagering odds
- Huge range of upcoming sports events
- Deposit bonus with every single deposit
- Flexible display for wagering odds
- Huge range of upcoming sports events
Reload Betting Bonuses
As we’ve stated earlier, sports betting sites offer different bonuses for different reasons. One of these reasons is to appreciate loyalty. A quick search on the internet reveals that there are over 1,000 online sports betting platforms. With such a huge number, online sports betting sites must be innovative and come up with retaining the players they already have. One such way is to offer them reload bonuses.
As the name suggests, a reload bonus is offered once you recharged your account. It works pretty much as the match deposit bonus. The only difference is that the amount could be slightly more or less. The T&Cs in this also tend to be slightly different as compared to the welcome match deposit sports betting bonus.
- Over 50,000 events per month
- Flexible payment modes
- Easy navigation
- VIP program
- Over 50,000 events per month
- Flexible payment modes
- Easy navigation
- VIP program
Special In-play Bonus
It is referred to as a special in-play bonus because it is awarded under special circumstances. Because of this, only a few or a handful of top sports betting sites can afford to give it to their players.
Basically, what the in-play betting bonuses do is allow you to make some money while betting using the live betting feature. Casino A will give you say free $20 as an in-play bonus to bet on a hotly to be contested Champions League match. But the cash does not come for free. You will have to place say a $20 pre-match bet in order to qualify for this sort of bonus.
Basically, this special in-play bonus fits those who frequently bet online. You can use it as you please and the best part about it is you can easily withdraw thanks to the very minimum restrictions.
Cash Back Sports Betting Bonuses
A cashback sports betting bonus is what we’d like to refer to as a little insurance to you as the bettor. Once this promotion is active, you simply bet on the sporting events covered by the promotion. If you don’t win, you get part of your bet or the full amount refunded to you. A good example of the cashback bonus is you get 50% back if you happen to lose a total of $100 while betting on Saturday’s Cricket matches.
Loyalty Bonuses
Loyalty is usually appreciated at the brick-and-mortar betting establishments, but differently when compared to betting sites. Because of the sheer number of bookies, sports betting sites tend to reward those that continue using their services. These rewards come in different formats including:
- Offering points every time you spend money betting. Once you have accumulated enough points, you can always redeem them for real money and other goodies from the site’s store
- Gifting you with goodies and other presents. This, however, is very exclusive and the online sports betting site will send you an email on what you’ve been awarded. Instructions on how to claim/redeem your goodies will also be attached to the email
- An online casino bonus can also be awarded as part of the loyalty promotion. This, however, can only happen under a betting site that has both a sportsbook and online casino under one roof.
Best Odds Guaranteed
In some cases, the Best Odds Guaranteed (B.O.G) bonus is referred to as a win boost and it works much like the cashback betting bonus, just the other way around. It is a promotion where instead of being awarded free money, you are given boosted odds on certain sporting events.
So, for example, instead of getting odds of 2.30 on a certain event, you get odds of 3.0 for the same when you opt in to this sort of promotion. 0.70 odds margin may not seem like a huge difference but any savvy bettor knows when you place a multi-bet of five selections with boosted odds, it could be the difference between winning ₹1,000 and ₹10,000 from the same picks.
Finding The Best Betting Bonus – What Factors Make A Bonus Safe?
Bonuses and promotions are the forte at the sports betting sites, but can Indian bettors trust them that they are safe? From our perspective as experienced bettors, we can tell you they are totally safe. Let us tell you why.
Terms and Conditions
Whilst most of you may not be enthralled to read through the terms and conditions, they are crucial and clearly state everything that you may need to know about the bonus. As long as you are visiting a legitimate online sports betting site, they should state the minimum deposits, wagering requirements, maximum winnings, expiry dates and how to earn the bonus. It is through the terms and conditions that you get to know exactly what you are signing up for. All this information ensures that you are safe and know what you are looking for exactly.
Maximum Winnings
These caps are usually imposed on all sorts of bonuses. It may not sound like the best thing possible, but it is a safety precaution put in place to ensure both you and the betting site are safeguarded and protected. Back in the day, they never used to exist and many bettors would abuse these bonuses. Many betting sites lost their revenue and went under as a result. To avoid such a misfortune happening again, betting sites with bonus introduced maximum winnings caps on their bonuses.
The Sign-Up Process
To claim or receive any sort of bonus at a sports betting site, you need to follow a certain procedure. This involves signing up with the bookmaker, completing the registration process and verifying your identity. The fact that you have to complete this procedure before claiming your bonus demonstrates a level of authenticity or legitimacy.
All in all, when it comes to finding legitimate sports betting bonus, these are the factors to consider. And when it comes down to the best bonus to fit your gambling needs, it comes to several factors. You need to consider how much money/bankroll you have to spend. You need to consider the sports betting event you are planning on wagering on not forgetting to mention the bookmaker you’d like to visit. And you can tell or find all this information under the terms and conditions section.
Betting Bonus Tips for Punters
In theory, sports betting bonus is meant to benefit you as the bettor, thanks to the fact that you get more money to wager. It makes a lot of sense to make an assumption that this free money should increase your winning chances. At one time, they helped many make money – until a new crop of players/bettors emerged.
A surge of millions of betting bonus hunters changed the circumstances significantly. Nowadays, there are many rules put in place by betting sites to bar bettors from simply cashing out the money. So before claiming that bonus, we think these are important points you need to know before claiming the bonus and after reading the terms and conditions.
Don’t Always Pick The Sports Betting Bonus With The Hugest Amount
A huge amount in a bonus does not necessarily mean it is the best. If you have a huge bankroll to spend on betting, then the huge bonus could befit you as it means you will quickly meet the wagering requirement. If you are a casual bettor, smaller bonuses such as the free bets are best suited for you.
Settle For Betting Bonuses With The Lowest Wagering Requirements
The lower the wagering requirement, the better the bonus. Low wagering requirements mean that you can quickly redeem and use your bonus as you wish. You can cash it out, or simply use it to wager on other sports to win more money.
Pick A Bonus That Can Be Used To Bet On A Wide Variety Of Sporting Events
Sports betting bonus is or are usually sport-specific. What does this mean? It means that you can only use them on certain sporting event(s). There are those you can use on multiple sports and all those sports contribute to the wagering requirement. There are those that you can only use on a specific bonus. It goes without saying that the more sports you can wager on, the better the betting bonus.
Important Betting Bonuses Terms And Conditions
The most important thing that you need to understand is how betting bonuses work. Online bookmakers dish out bonuses both to attract and retain bettors. These bonuses and other offers may include, as stated, free bets on registration, reload bonuses, in-play bonuses among many others. But regardless of the betting site offering you these freebies, there’s usually a catch. Each bonus comes with specific terms and conditions. The most common of these terms and conditions include the following.
Wagering Requirements
Wagering in sports betting is another name for betting. Wagering requirements are the betting requirements that you have to fulfil in order to use/withdraw your betting bonus. In some instances, they are referred to as rollover requirements and every bonus you come online has one.
Wagering requirements simply refer to the amount of money you have to wager in order to redeem your bonus. It is usually a number plus a times (x) sign to accompany it. So, for example, if your $20 welcome bonus has a x5 wager requirement, you have to spend up to $100 in bets to redeem the $20 bonus.
Withdrawal Requirements
There are also important withdrawal requirements you have to meet in order to cash out or use your betting bonus. Different online betting sites have varying requirements and they include but are not limited to the following:
- You need to have a minimum withdrawal amount
- You need to have met the wagering requirements
- Withdraw the bonus using the required payment method
Odds
Odds also play a very important role when it comes to meeting the wagering requirements and consequently towards ensuring that you withdraw your free cash. For a bet to contribute towards the wagering requirement, you must place the bet at certain minimum odds.
For example, to meet the x5 wagering you need to ensure the minimum odds are set at say 1.50. This means if you place a $10 bet at odds of 1.49, the $10 doesn’t count towards meeting the wagering requirement. This in turn affects how fast you can redeem or use your free money.
Betting Bonus Codes
Betting bonus codes are not standard in the industry but some brands require you to use them to receive the bonus you are interested in. In the event that you have to claim the bonus using a code, you’ll have to ensure you satisfy the following:
- They are case sensitive. This means that if you fail to enter the right code, you miss out on the reward
- They are time-sensitive too. They can only last for as long as a certain period of time
Betting Bonus FAQ
What is a betting bonus? A betting bonus is simply free money, or any form of freebie, awarded by the betting site. A betting bonus can be awarded for different reasons depending on the situation. This includes but is not limited to signing up, making a second, third or fourth deposit, or continuing to use the bookmaker’s services.
Where Can I Get A Free Bet No Deposit India Bonus? A betting bonus is awarded across free bet sites. Each brand tends to have something different to offer and you can find the full details of the offering under the “promotions and bonuses” page.
Which Sports Betting Bonus Is The Best? The best casino bonus is one that is easy to achieve. By this, we mean one that you can not only claim easily but also redeem without breaking a sweat. Such a bonus should come with easy to meet wagering requirements, friendly deadlines or dates to meet these wagering requirements, and be customized for Indian bettors.
Can I Claim More Than One Betting Bonus? You can claim or use as many bonuses as you possibly can. However, some online betting sites tend to have hidden conditions on the maximum number of bonuses you can claim at a go. Be keen to read through the bonus terms and conditions to get the full details on how many bonuses you can claim concurrently.
How Often Will I Be Offered A Bonus? The beauty of betting online is that there is always a bonus for you to claim. From the minute you sign up to the time you spend at the betting site, you can rest assured that there will be something for you to claim. The best betting sites in India and the world at large will always have at least three betting bonuses on offer.
Is There A Maximum Amount I Can Bet? Winnings resulting from betting bonuses are usually capped at a maximum amount. Read through the terms and conditions to find out how much money you can win using the betting bonus.
Can I Wait Before Utilizing My Bonus? You can wait for as long as you wish. However, while at it, bear in mind that you have a time frame to meet the wagering requirements in order to claim the bonus. Once the set time elapses, the bonus money expires and you don’t get to claim it.
I DON’T WANT A BONUS – CAN YOU PLEASE TAKE IT AWAY? Sports betting sites will usually give you the option of whether or not to claim a bonus. In the event that the bonus is automatically credited to your account, you simply need to contact the support team and turn it down.
How Do I Know If The Offer Is Available On One Deposit Only Or If I Can Make Multiple Deposits And Get The Same Bonus Percentage? In case you are not sure of what bonuses or offers are available, you should cross-check with the bonus terms and conditions. This is usually found at the bottom of the page. You can also visit the promotions and bonus page by clicking on the “Promotions” button.
I Made A Deposit But Did Not Receive My Bonus, What Could Be The Issue? There are three main reasons why you didn’t receive your bonus. First, it could be that you did not enter the betting bonus code when making your deposit. If you did, you probably didn’t meet the minimum deposit requirement. Lastly, it could be that the betting bonus you were hoping to get has been removed from the portfolio. Cross-check with the support team to understand what the problem is.
What Is The Purpose For The Wagering Requirement? Every online betting site included wagering requirements in their bonuses to protect themselves from bonus hunters. There is a group of players whose main or sole purpose is to sign up and claim bonuses. To prevent these players from abusing the bonuses, online betting sites have wagering requirements.
Pros & Cons Of Sports Betting Bonuses
Pros
Let us begin with the pros – the one that thing(s) why everyone would be willing or happy to take on a bonus.
- Boosts your bankroll – bonuses and promotions go a long way in helping your boost your bankroll. And as it is usually the case, the bigger the bankroll you have, the better your chances of winning while betting
- You can try new betting markets – without risking any of your hard-earned money.
- You win part of your money back – thanks to promotions such as the loyalty rewards, VIP rewards and cashback bonuses
Cons
You need to take note that not all bonuses or promotions are worth your money, time or any form of investment. You should be very careful in the type of bonus or promotion you opt into because some have traps that are in the long run not beneficial at all.
- High wagering requirements – which can make it impossible to redeem, especially if you are new to online sports betting or simply want to have some fun.
- Expiration dates – some of these bonuses make it impossible or disadvantageous to claim the offer.
Betting Predictions
We love sports and betting on sports is one of our favourite pastimes. We understand all the major football, cricket, tennis, basketball and other top sporting leagues and events around the world. We, therefore, study statistical analysis just to ensure we offer you all the information you need to kickstart off your sports betting experience. Every other week, we fully analyze and tip several sporting events, which means you will get betting predictions right here.
What is the cost to get these tips, we’ve heard you asking? 100% free of any charges. Unlike other run-of-the-mill reviewing sites that will always want to make a quick buck from you, we are in it to benefit our readers. In return, we hope you will stick with us to get all the latest information regarding bonus and promotional offers, latest reviews on betting sites among other things.
The Best Accumulator Betting Tips
We offer the best football and cricket tips on the internet. Daily singles, both teams to score (BTTS), match goals, toss winner, To Score a Century and much more, you can count on us to deliver it all to you. We try as much as possible to cover as many tips as possible than any other competing site. And it’s not just the top leagues or competitions that we cover, we also ensure the lower leagues are included as long as we see value in a bet. And it is not just the tips that we look at, we also consider aspects such as free bets no deposit and enhanced offers too!
Where Can You Find the Best Sites With Free Bets?
Here at Betting Sites India, we are obsessive about offering our readers a bit of critical insight and lucidity in today’s crowded online gambling industry. We are a small, dedicated and passionate team always looking out for the latest trends. We endeavour to offer you the most objective and factual guides and reviews possible. As we are in this ourselves, we thought it wise to let you know as much as we know before you can sign up to claim a bonus at any site.
We will analyze sports betting sites and what they have to offer. The analysis covers both new and old brands in the industry. Since we are strong believers in transparency and accountability, we will scrutinize the complicated terms and conditions. This is don’t so that you have all the important information, without you having to do the donkey work yourself. As a team with years of experience, we refuse to repeat hollow and shady advertisements occasionally filled with factually incorrect and outdated information.
On the contrary, we gather solid, reliable data from the source – combing through the bookmaker’s terms and conditions. We sometimes have to cross-examine the support team in methods that we know are best so that we ensure we are bringing you information that is up to date and factually correct.
Make The Most Out of Betting Bonuses Online
Betting bonuses are a great way of having an edge when betting online. Receiving extra rewards from the bookmaker is like having two slices of pizza instead of one. And while there is that excitement of receiving extra money from your deposit or simply signing up, you need to be wary of the terms and conditions. Before signing up to claim a bonus, ensure you read through the T&Cs to understand all that’s there to know. And while at it, ensure that you also don’t abuse these bonuses lest you get blacklisted from betting online.