We all love receiving rewards, don’t we? First of all, they’re always a treat, but mostly, they can give us motivation in any area of our everyday lives.
It’s the same with sports betting offers. When you decide to start playing at a sportsbook, you can claim a bonus to increase your initial bankroll. In this article, I’ll talk about the different types of promotions and everything you need to know about them.
Understanding Betting Promotions for Soccer Betting
To put it simply, betting promotions are additional funds that you receive before you start placing your wagers. You can find no-deposit bonuses, welcome packages, free bets, or loyalty rewards. And nowadays, almost every platform offers them to newly registered players.
Types of Bonuses and Their Benefits
There are loads of sportsbook promotions you can redeem. Let’s explore the most popular ones in a bit more detail:
- Welcome bonus.
- Free bets.
- Reloads.
- VIP programs.
Welcome Bonuses
The welcome bonus is the most common promotion you’ll find on a sportsbook’s website. Upon registration, the platform might offer you 100% up to 200 CAD as either a single or several deposits.
Free Bets and Risk-Free Bets
As you probably guessed from the name, a risk-free bet is a type of promo where the sportsbook would refund your wager up to a certain amount. Usually, you receive it as a bonus fund.
Free bets for new customers are similar, but they often have Ts and Cs. Always read the fine print. For instance, your sportsbook might award a 10 CAD free bet, but the odds will have certain restrictions on them.
Deposit Match Offers
These promotions match your deposit up to a certain percentage. For example, if a sportsbook offers a 100% match-up to 100 CAD, depositing 50 CAD gives you an extra 50 CAD. To withdraw the payout, you may need to wager both the stake and bonus a set number of times. Again, read the rules so you know what you’re in for.
Reload Bonuses
Reload offers can take different forms, like a rebate or cashback bonus. If you haven’t played for a long time, the sportsbook might prepare a tailored reward exclusively for you.
Loyalty Program & VIP Rewards
These programs have a simple concept: the more you place bets, the better, as you gradually advance from one tier to another. Rewards can include real cash, free bets, and even free spins.
How to Maximize Your Sports Betting Bonuses for Soccer Betting?
To get the most out of your bonuses, follow the tips below:
Choosing the Right Offers
As we’ve discussed, promotions are great, but not all are equal. Selecting the right ones is pivotal for maximizing your potential returns. I’d recommend using free bonus bets, as your bankroll is unaffected, and even if you lose, no risks are involved.
A lot of punters tend to ignore them, but accumulator boosts are superb. If you enjoy placing multi-leg bets, look for offers that increase the odds when you add more selections to your betslip.
Meeting Wagering Requirements
I’ve seen both experienced and novice bettors making the same mistakes again and again – ignoring wagering terms and conditions. I’ve said it before, and I’ll say it again, read the fine print. They’re the key to converting your bonus funds to real cash. Here’s what to take note of:
- Eligibility – Not all soccer bets will qualify for a bonus. Some offers only apply to specific leagues or bet types.
- Withdrawal Restrictions – Ensure you meet all requirements before attempting to withdraw funds.
Using Multiple Promotions Wisely
You can take advantage of more bonuses by using them simultaneously. Firstly, it’s a great idea to use free bets for high-risk wagers. Also, if a sportsbook offers a risk-free bet, consider using it on a high-value wager that you wouldn’t usually place. This betting strategy has worked for me on numerous occasions.
Common Mistakes to Avoid
You might be a veteran bettor with years of experience, but trust me – everyone makes mistakes. Even me. Read through the tips below to avoid what the majority of players miss:
- Check the Validity Date: Read the descriptions. Carefully check the expiry date of each promo. If you don’t use the promotion on time, it’s useless.
- Consider Rollover Conditions: Every offer, especially deposit bonuses, comes with wagering conditions. That means if you received 200 CAD with x5 rollover, you must bet a total of 1,000 CAD to withdraw the money.
- Check Restrictions on Betting Line: I’ve missed this, and plenty of players don’t check the limitations on betting options. For example, in soccer, specific markets, like any-time goalscorer or no-draw bets, might be excluded.
Responsible Gambling
Bonuses are great. No one’s denying that. They can boost your balance and offer more opportunities, but remember to gamble responsibly. If you notice that you are too attached to your sportsbook, contact 20Bet’s customer support. They can help you self-exclude temporarily and set deposit limits.
Never bet more than you can afford to lose, and if you need to, talk to someone who can help you set and manage your budget. Betting should be fun, not a regret.
