How to read sports betting bonus offers

When joining a betting site, new customers are offered a welcome bonus. The latter opens the door to dozens of other offers that are designed to increase the users' earning potential to some extent. However, most of these offers are unknown to the target audience itself. Discover with our bettor's guide number 3 the different types of bonuses that you can be entitled to when you sign up to a sports betting site.

What are sports betting bonuses?

Sports betting bonuses are real money or non cash benefits given to a new or existing customer registered with a bookmaker. The bonuses offered by the sports betting platforms are a strategy whose main objectives are to acquire and retain bettors. The latter will feel favoured and lucky to be entitled to certain advantages. All the bookmakers on the market offer dozens of offers allowing to really win money for some or just to attract customers for others.

Beware of welcome bonuses

Before you register with a sports betting operator, you should read the bonus conditions.
If you are not satisfied or not clear, you can always refuse them: before depositing money, contact the support and ask to remove the bonus.

The different types of bonus

Among the multitude of offers proposed by the bookmakers, there are some that will be beneficial to you. Here is a somewhat representative list.

The first deposit bonus

This is the offer that is present at almost all bookmakers. Please note that this is a one-time offer for each user. After creating your betting account, it is granted according to your first deposit. It is up to your sports betting site to determine the percentage. If it is 100%, on your first reload of €100 or equivalent in NGN for example, you will get a first deposit bonus of €100. However, to convert this gift into real money, you will need to use it to wager. If your bet is successful, you will be able to take possession of your money.

You need to read the terms and conditions in detail, because often you have to wager the bonus amount several times before you can withdraw it.

The refunded bet

This bonus generally depends on the terms of use established by each site. So after making a deposit on a betting site, you make one or more first bets. If you lose, you will be refunded in full so that you don't start your adventure on the wrong foot.

This type of offer has the advantage of being very simple (with no pitfalls) but it does make you used to taking risks.

The free bet

The is also one of the most common forms of bonus. The rule is simple, your betting platform offers you the possibility to bet without taking a cent out of your account. It offers you a free bet of a certain amount subject to certain conditions. Generally, this bonus is awarded after the customer has lost their very first bet. As you will have understood, it is quite similar to the refunded bet without being the same thing.

Real Freebets are very rare. Often the operator offers you a sum of money that can be bet but not withdrawn (only any winnings from a bet are earned).

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