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Sport betting bonuses

Sport betting bonuses

Most sports books give you a bonus when you first open an account and start placing bets with them. These bonuses are usually a lot smaller then casino bonuses. The reason for this is that sports betting is a skill based game, casino games are luck based games. A casino can formulate the terms and conditions of their bonus to make it very likely that you will lose your bonus before you have met the wagering requirements. The can make sure that they, on average, make money on every bonus they pay out. A sports book cannot do this because they do not have a guaranteed edge.

Below we are going to look at some common types of sports betting bonus.

Free Bet

One of the most common types of bonuses you get when registering with a sports book is the free bet. The free bet is usually worth less than USD50 but some sports books offer larger free bets. The free bet can usually be made on any event but you have to place the entire bet on one game. You can not divide the free bet to make several smaller bets. If you lose then the bet is lost. If you win then the money you won is considered bonus money and you usually have to meet a wagering requirement before you can withdraw your winnings.

Risk-free bet

A risk-free bet is similar to a free bet but it is not the same thing. A risk-free bet means that you get your money back if you lose your first bet but you do not get more money to use to bet. When you get a free bet you can place that bet and use the money you deposit to make a second bet (or several smaller bets). This is not possible if you get a risk-free bet. Risk-free bets never cost the sports book anything because you only get it if you already lost the money you get to them in the first place. Learn more about types of gambling.

A free bet is more valuable than a risk-free bet.

Matching bonus

A matching bonus is a bonus you get when you make your first deposit. Matching bonuses are common among online casinos but only a few sportsbooks offer this type of bonus. The size of the bonus you get is in direct proportion to how much money you deposit to your account. The amount you receive is often provided as a percentage. A welcome bonus of this type might be worth 100% up to USD500. This means that you get a bonus that is the same size as the deposit you make and the largest amount you can receive as a bonus is USD500. To receive the maximum bonus you need to deposit USD 500. 100% of USD500 is USD 500.

There is always a wagering requirement associated with this type of bonus. This bonus is worth more money than other types of bonuses but is also associated with a lot more terms and conditions that you need to fulfill before you can withdraw your money. Also checkout about interactive gambling by visiting https://www.infrastructure.gov.au/media-technology-communications/internet/internet-governance/interactive-gambling

Should you accept a casino bonus?

Should you accept a casino bonus?

You do not have to accept a casino bonus when you start playing in an online casino. You can choose not to get a bonus and hence not be bound by the bonuses terms and conditions.

Most individuals who sign up for an online casino is attracted by the bonus. They think that the bonus is a great way to get more money to play for and might even choose the casino that gives them the largest  bonus. While I do not recommend doing this I understand why a large casino bonus can be very alluring and why some people want a big bonus. The fact is that a big bonus can be a great thing. It gives you more money to gamble for. But it is not a good thing for everyone. There are a number of reasons why you might not want to accept a bonus.

Whenever you accept a casino bonus you also accept the terms and conditions that are associated with the bonus. The terms and conditions set a number of rules and regulation that you have to adhere to until you have met the bonus requirements set out in the term and conditions. If you violate the terms and condition you might lose your account and all money in that account.

The only type of bonus you can accept without worrying about the terms and conditions is the no deposit bonus. A no deposit bonus is safe to accept as long as you do not deposit money afterwards. If you want to deposit money (or withdraw money you won using your no deposit bonus) then you need to reed the terms and conditions first.

Common rules included in the terms and conditions include:

Wager requirements

Almost all casino bonuses are tied to a wager requirement. A minimum amount of money that you need to bet before you have fulfilled the requirements for the bonus. You can usually not withdraw any money from your account before you fulfilled the requirement. You can read more about wager requirements on our bonus page.

The gamble requirement can force you to gamble more than you would want.

Which games you can play

You are usually allowed to play any game you want from the second you register in a casino. The terms and conditions can, however, include rules that exclude some games from counting towards the wagering requirement. It does not matter how much you play these games. You can never meet the requirement. These rules can force you to play games you do not want to play to be able to meet the wagering requirement and withdraw your money.

Bet size

Many casinos include rules for how much money you allowed to bet on a single hand/spin until you have met the wagering requirement. You are not allowed to bet more than a certain percentage of your deposit on any single round. If you bet more than that percentage they might close your account and seize your money. This is true even if you only made one single spin with a larger than allowed bet. Reputable casinos will usually understand that mistakes can happen but less honest casinos can use this as an excuse to keep your money.

Time limits

There might be a time limit on how quickly you need to fulfil the wagering requirement. This rules can force you to gamble more than you would like.

Conclusions

Accepting a bonus can restrict your freedom and put you in a position when you can not stop playing if you want to be able to withdraw your money. It can also restrict what games you can play and how much you can bet. All of this can have a negative effect on your experience. This is especially true in cases where you are forced to gamble more and for longer than you would want. This can increase the risk of gambling addiction.

If you want to register in a casino to play for fun and expect to lose all your money then it can be a good idea to accept a bonus. It gives you more fun for your money. If you accept a bonus you should never deposit more money than you feel that you can lose as a part of your entertainment budget. Do not deposit extra money into your account to get a large bonus thinking you will withdraw it later. Odds are that you will lose it before you met the wagering requirements.

If you are uncertain if you like casino gambling or if you want to play games that are often excluded from the bonus wager requirement (blackjack and roulette) then you should never accept a bonus. The same is true if you want to be able to withdraw the money whenever you want.

Accepting a bonus give less reputable casinos a long row of reasons to close your account and keep your money. By not accepting a bonus you make this a lot harder.