WHAT ARE BOOKMAKER BONUSES ?
There are three types of bonus offers that cover all the possible incentives from bookmakers: cash, free bonus, money-back or refund. What does each of them mean?
The Cash Bonus – is a bonus in the form of cash reward. Most often, such a bonus occurs in the form of a welcome bonus – during registration. A certain amount of additional money is credited to the player’s account, which depends mainly on the size of his deposit. For example, a bookmaker credits from 50 to 100% of the deposit amount, while indicating the maximum amount of the bonus. Say, 50% of the first deposit, but not more than $ 20. That is, in order to get the maximum bonus you will have to replenish your account with $ 40.
But to withdraw money, the player must fulfil some conditions:
- wager the bonus several times in bets (ex: to make bets in the amount of 5 times the bonus);
- bet on certain events (this happens rarely, but in conditions there is sometimes such a requirement);
- to make bets at certain odds (for example, with odds not lower than 1.4).
In any case, the bookmaker office will describe in detail all the necessary conditions for the withdrawal and use of your bonus.
Free Bonus – this bonus does not have a long list of requirements, although it is similar to a cash bonus. The main difference between this bonus and the previous one is that the freebie is not real money, but only an opportunity to bet on virtual money.
For example, a bookmaker gives you a $ 10 freebie. This means that you can bet this amount on any event (if in the bonus conditions there are no restrictions on the events for the bet). For example, at the Chelsea – Manchester United match, for the victory of the mancunians with odds of 1.6. If Manchester United actually wins this match, you will receive net winnings in your account – $ 6, and the bet amount will be canceled, as it was a free bet (10 x 1.6 – 10 = $ 6).
Money Back Bonus or Refund – bet-return. The bookmaker does not charge you any money, but simply provides a service to return your lost bet. With such a bonus offer, the bookmaker simply sets the conditions for the return of your next bet, which can be compensated in case of a loss.
WHAT ARE THE SIZES OF BONUSES FROM BOOKMAKERS ?
Each bookmaker exposes its own bonus amounts, most often they range from $ 10 to $ 200. Depending on the type of bonus, the bookmaker sign up offers include different amounts. In the case of a cash bonus, it depends on your first deposit with a specified maximum, for example, $ 300. In 2006 a bookmaker made a unique offer to its players and allowed them to bet on the opening match of the NFL (National Football League – American Football) in the amount of $ 1000 with the possibility of a return in case of a loss.
WHY DO BOOKMAKERS OFFER BONUSES?
There is no big secret, the bookmakers are competing against each other for new customers, as well as for maintaining the old ones. Bookmakers bonuses help to offer more than the player expects to get from bets, so this is a kind of a reward for choosing a bookmaker. For the bookmaker the bonuses mean new players and content old ones, and for bettors it is an additional opportunity to increase their own bankroll.