After giving you some useful pointers when it comes to finding the best online bookmakers, the time has come to help you get some free cash on the house and use it to the best of your advantage. Welcome bonuses and special sign up offers can be a great way to add extra value to your wagers when you register an online betting account, but it is important to note that not all of these promotions are good for you. There are various traps lying in wait and if you want to avoid them, you will definitely want to hear what we have to say. A total of five expert tips and some helpful advice on how to choose the best welcome bonus are outlined below.
1. Learn All About Different Types of Welcome Bonuses
In order to get the most out of these promotional offers targeting new players, you need to get acquainted with different bonus formats. First deposit match is no longer too popular, but some bookies will give you a 100% bonus on your first payment, up to a certain amount. Most sportsbooks nowadays offer free bets after your initial wager, but you need to know that free bet stake is not included in the returns. Meanwhile, 888sport features a treble odds sign-up offer, with the profit on your first bet, be it single or accumulator, trebled and paid in real cash. Coral Acca Club is a good example of a welcome bonus designed for bettors who enjoy placing accumulator bets. A couple of sportsbooks run cashback offers and give you back a portion of your losses, but these are not too common.
2. Pay Close Attention to Wagering Requirements
After you have decided on the welcome bonus that best suits your betting style, you need to pay close attention to the bonus wagering requirements. The best way to do this is carefully read promotion terms and conditions, but you also need to know what some of these phrases mean. Most sign-up bonuses have certain playthrough requirements attached, meaning the you can only withdraw any winnings after these have been completed. With that in mind, you need to look for offers where said conditions can be easily met. Most of these require the total deposit and/or bonus amount to be staked several times before a cashout is allowed, usually stating minimum odds that your qualifying bets need to have in order to count towards the wagering requirements.
3. Take Advantage of Short Term Bonus Offers
Most online bookmakers have one sign-up offer that has been in place for at least a year, but some of them also introduce additional welcome bonuses which are only active for several days or weeks at the most. Said short term promos are either linked to major tournaments such as the Euro and the World Cup or individual matches. Coral has become famous for adding a new sign up bonus for almost every single high-profile game and this is a great opportunity to secure some extra cash by backing one of Premier League title contenders to win a home game at odds few times greater than the regular price. For example, their new customers were able to back Manchester United to beat Sunderland at 5/1 (6.0) when the regular price was just 1/4 (1.25). Therefore, waiting for these kinds of new customer promos before opening an account can pay off big time, even if they tend to have maximum stake limits. Nevertheless, with winnings paid in real cash and no additional requirements attached, these can offer much better value than standard free bet offers.
4. Ensure You are Eligible for the Bonus
Promising either real cash payouts at enhanced odds or plenty of bonus money to go around, sign up offers could tempt you into registering for a bookmaker account before you have weighed all the pros and cons. You, therefore, need to first make sure that customers from your country can take advantage of a certain promotion, seeing that not all accepted players at a gaming venue are allowed to take advantage of new customer promotions. This is another reason to pay close attention to promotion terms & conditions, and see exactly how much money you stand to receive.
5. Do Not Choose a Bookmaker Based on Welcome Bonus Alone
Even if special welcome bonuses and sign-up packages can give both casual punters and high rollers some much needed extra cash upon registering an account, you cannot afford to choose your preferred bookmaker based on this single aspect of their offer. As we have outlined in our previous Betting Academy article, there are a number of things to consider when deciding whether a gambling venue is good for you or not. And even though attractive sign-up offers can definitely add extra value to your bets, you should only opt in and open an account if the bookmaker in question is reputable, treats their customers with respect and offers a wide array of secure payment methods.