Sports betting is one of the most popular forms of entertainment. However, for some people, sports betting has become much more than just a form of entertainment as they have become sports betting professionals who earn their living by placing bets on different sports events.

Over the years,sbetting sites have tried to come with effective solutions about how to attract new people who would join their sportsbooks while at the same time maintaining their existing customers.

In the end, they came up with bonuses that provided bettor with different benefits for betting with certain sportsbooks.

Over the years, the issue of betting bonuses has been central principle based on which bettors decided on which betting site to use in order to place their bets. Because of that,betting sitesstarted to compete with each other on who will provide better bonuses for the bettors. Betting bonuses have been used for quite a lot of time and it soon became easy to categorize those bonuses into different categories.

In this piece, we will be taking a look at some of the most popular sports betting bonuses that sportsbooks provide for their customers. Besides that, we will also be providing additional information about sports betting bonuses that every bettorneeds to have in mind.

Type of Sports Betting Bonuses

Betting sites have come up with different types of betting bonuses that proved to be very effective. Bettors ended up loving those bonuses as they provided them with benefits and bonus amounts of money that they could use in order to place additional bets or to increase the amount of their winnings. In essence, betting bonuses are actually a very effective marketing tool that other industries have also embraced in order to improve their businesses. Over the years, these bonuses have changed a lot, but their basic idea or their basic premise has remained the same and that is to attract new bettors.

1. Welcome or Signup Bonus

In the world of sports betting, and in the entire gambling industry, the most popular type of sports betting bonuses is called Welcome or Signup bonus. This type of bonus is also often called Deposit bonus as the benefits of this bonus are awarded once the bettor makes his first deposit.

When it comes to this type of sports betting bonus, it needs to be said that almost every betting site offer this type of bonus as it has become a standard in theonline betting industry. For those who are not aware of this type of bonuses, this bonus is awarded once a bettor creates his account with certain sportsbook and after he makes his first deposit.

In the huge majority of cases, this bonus is awarded in the form of acertain percentage of the deposit amount that the bettor made. Usually, themajority of online sportsbooks will provide this bonus in the amount between 50 to 100 percent.

For a bettor who is just starting with his betting experience, depositing $100 and getting another $100 for free is a great idea and great incentive to continue to bet with that sportsbooks. This is one of the most advertised betting bonuses in the entire world as many bettors are very interested in this type of betting bonus when they look for asportsbook to bet with.

However, when it comes to this type of betting bonus, it needs to be said that the money that is awarded to the player with this bonus is not actually bettor’s money. That means that bettor will not be able to withdraw that amount. In order to withdraw that amount of the money, thebettor will have to fulfill the rollover requirements that are different depending on the betting site. Because of that, a bettor needs to be aware of the rollover requirements and he also needs to be able to read the entire rollover policy that the sportsbook has set forth.

 

2. No Deposit Bonus

In essence, No Deposit Bonus can also be considered as a Welcome betting bonus. However, this betting bonus is a bit different than the first type that we mentioned before. Many online betting sites will provide their customers with this type of signup bonus and all online betting sites will provide one of these two types of welcome bonus. The very name of this betting bonus type speaks about what is the essence of this betting bonus type.

When a bettor signs up with a certain betting site he will probably be awarded this type of bonus that will deposit a certain amount of money into his account without him having to deposit anything personally. The amount of no deposit bonus is awarded to a bettor in order for him to place several bets without having to deposit any of his money. Considering that online betting sites provide this type of betting bonus without any deposit, they are providing this bonus in small amounts.

This type of betting bonuses has become very popular at the time when there are special sports events. For example, in the case of Super Bowl final, the World Series, the NBA Finals, World Cup Finals, Wimbledon Finals, and many other special sports events, many betting sites will provide this type of betting bonus in order to attract new customers who will sign up with their sportsbooks.

When it comes to no deposit bonus, a bettor needs to be aware of the fact that rollover requirements, as well as wagering requirements, are much different than with other types of the betting bonuses. Because of that, bettors who are about to claim this type of betting bonuses need to be aware of the wagering and rollover requirements of the certain sportsbook.

For those bettors who are looking for their first sportbooks, this type of betting bonus is a very good incentive because it will not require a bettor to deposit any amounts before making several bets. However, sometimes wagering and rollover requirements can be a bit complicated and in order to avoid any possible confusion, bettors should explore those requirements and see what the conditions that sportsbooks have set forth are.

 

3. FreeBetBonuses

Another very popular type of betting bonuses is Free Bet Bonuses. One of the reasons why this type of betting bonus is so popular among the bettors is the fact that it provides them with the possibility of placing certain bets without any risk of losing their own money. Just like the previous betting bonus that we mentioned, this betting bonus can be obtained without having to deposit any amount of money.

It also needs to be mentioned that all the winnings that a bettor achieves by placing bets using this bonus will be awarded to the bettor in full. In many cases, this betting bonus will come in the form of the amount of money that will match the first bet that a bettor has made. For example, if it happens that a bettor has decided to place a $20 bet on some sporting event, the betting sites will provide that bettor with another $20 bet as a part of this betting bonus.

In that case, these free bets will not have the stake included and if happens that a bettor has made a bet backing an even money winner for $50, he will begiven the amount of $50 and not the $100 that he might be getting without the free bets betting bonus. Besides that, some online betting siteswill also require the rollover in order for a bettor to withdraw the winnings that he made with free bets.

Because of that, bettors are advised to go through the terms and conditions of each online betting sites in detail in order for them to be well aware of all the requirements. This betting bonus is often offered as a part of the promotion that certain sportsbook is doing. Because of their nature, free bets are often one of the best advertising materials that sportsbooks can use in order to attract new customers.

 

4. Cash Back Bonuses

Cash Back Bonus is one of the most popular betting bonuses when it comes to the region of the United States. A certain number of online sportsbooks will provide their customers with the opportunity to enjoy the benefits of this betting bonus even when they lost their bet. The main reason why this type of betting bonus is so popular is the fact that it awards a certain amount of the bet to the bettor whose bet has failed.

In the majority of cases, the amount of this cash back bonus will be around 3 to 5 percent of the initial bet that failed. With this type of bonus, bettors will still be satisfied as they will not lose their entire bet which will encourage them to stay with that betting site and to place other bets as well. The number of betting sites that will provide this betting bonus is not high and they are mostly oriented towards the market in the United States.

For many US bettors, this betting bonus has been very effective as it prevents them from losing the entire amount of their bet. As mentioned before, this makes the bettor very satisfied and the sportsbooks are still making a profit even though they return a certain amount of the bet to the bettor.

The main goal of this betting bonus is to keep bettors placing bets with that sportsbook and by returning them certain amounts of their bets, they consider that they are well treated and they have no need to search for other sportsbooks even though they have been losing bets for quite some time.

In long run, this betting bonus can prove to be very beneficial for regular bettors. It is also important to say that this betting bonus does not carry any risk of losing because in many cases, many bettors actually profited with the help of this bonus.

 

5. High Roller Bonuses

Interestingly, almost all betting sitesare also providing the High Roller Bonuses for the bettors who have a big bankroll and who are betting big amounts. This type of betting bonus is mostly awarded in the form of deposit bonus. However, the numbers that are featured in this betting bonus are much bigger than the numbers featured in the regular deposit bonus.

When a bettor is making a deposit in the amount of at least $1,000, the betting site will in all of those cases provide that bettor with the deposit bonus that is also between 50 and 100 percent of the initial deposit amount. This betting bonus is not for everyone as not all bettors are able to make a deposit in several thousands of dollars. Because of that, this bonus is reserved to selected few who are spending a lot of money placing the bets.

This type of betting bonus has become a standard in the entire gambling industry and all online betting sites are providing this type of betting bonus. It is also important to mention that this bonus also featured different wagering and rollover requirements than any other betting bonus that we mentioned before. Because of that, a bettor will have to read through the terms and condition of the sportsbooks that he will be signing up with.

 

6. Loyalty Bonus

Almost all online betting sites will provide their loyal customers with different types of awards and promotions. One of those awards is called the Loyalty Bonus. This type of betting bonus is used in order to provide customers with the good enough incentive for him to stay with that sportsbooks and to continue to place bets. This bonus is using a points system in order to award the benefits.

Bettors will be able to collect points with each bet that they make and once they reach a certain number of points they will be provided with different types of benefits as a part of the loyalty bonus. Once a bettor reaches a certain number of points previously determined by the sportsbook, he will be able to exchange those points for different items, including cash, free bets, or any other type of the betting bonus that the given sports book is providing.

This has become a very effective way of keeping old customers satisfied and keeping them placing bets without changing a sportsbook. Besides that, this betting bonus has also become a very good advertising method because many new players are also taking into account the loyalty bonuses when deciding on with which sportsbook to sign up with and place bets.

Wagering and Rollover Requirements

In the previous part, we have mentioned several times that wagering and rollover requirements are very important and that each and single bettor should read those requirements and understand them before actually claiming any type of betting bonus that betting site might provide. By doing this, a bettor will be able to find all the details about the requirements that he is required to fulfill before he actually can withdraw the amount of the bonus.

Besides that, almost all bonuses that betting sites provide will also have an expiration date but that information will not be included in the promotional material. Because of that, reading through the terms and conditions is very important for every bettor.

Wagering and rollover requirements are not the same for every sportsbook and because of that, it is crucial for every player to be aware of the information about that sportsbook and the rules and limitations that it is imposing on the bettors. Some sportsbooks might also not allow certain types of bets and the information about this issue will be included in the terms and conditions and that is yet another reason why it is very important to read those terms and conditions no matter how boring they look.

Many players will think that the rollover requirements are restrictive in a way that they prevent a bettor to fully enjoy the experience of placing the bet. What those bettors need to be aware of is the fact that the rollover requirements are necessary for each sportsbook because of their protection. Without those rollover requirements, bettors would sign up with certain sportsbooks, create their account, make a deposit, claim one of the bonuses that are available for him and immediately after receiving those bonuses, he will withdraw the entire amount.

In that case, sportsbooks would be losing a lot of money and no business in the world is ready to lose money. For many bettors, this is a necessary evil but they accept the fact that sportsbooks need to be able to protect their investment and that bettors should not be using betting bonuses in that way. These rollover requirements depend on the betting site and they are not the same for every type of the betting bonuses. Because of that, it is very important for every player to read through the rollover requirements before claiming any type of betting bonus.

In the end, the world of sports betting provides all types of bettors with the opportunity to enjoy different types of betting bonuses and each player will be able to find the right offer that suits his needs the most. In thehuge majority of cases, these betting bonuses are the reason why bettors have such a good experience of placing bets with different online sportsbooks.