Welcome Bonus – Fundamentals on How the Bonus Works
Playing at betting sites offer you many opportunities to enjoy and win. If you back a solid team that always deliver wins, then you can collect lucrative payouts. However, the excitement and lucrative payouts that you’ll get at sportsbooks don’t just happen right after a match. You can also get rewards as soon as you register for an account and complete your deposit. This is possible thanks to the different types of bonuses that are offered by sportsbooks. They come in different forms from the Welcome Bonus, cashback offer, free bets, to reload bonuses. These are rewards offered to customers for choosing the site or for performing a specific set of actions.
Of these different bonuses available, the most popular and lucrative is the Welcome Bonus. Also known as the sign up bonus, the Welcome Bonus is given to all new players who register an account with the betting site. Although the objective is pretty straightforward, there are a few terms and conditions that every punter should know to fully maximize its potential.
How to Enjoy the Welcome Bonus?
This promotion is available for all punters who’ll register for an account with a sportsbook. Sportsbooks run this promotion to attract more customers to sign up for an account and bet online. Since there are dozens or even hundreds of betting sites available, the challenge for many operators is to stand up in the crowd and bonuses are the way to go. The sports sign up bonus is the most lucrative offer that’s designed to attract punters to sign up and bet on sports outcome.
To enjoy the bookmaker sign up bonus, you need to register first an account. Simply click the ‘Register’ or ‘Sign Up’ bonus and complete the steps required on the page. During the registration process, you need to submit your complete name, address, age, and mobile number. You need to bet at least 18 years of age to create an account in one of the many licensed sportsbooks.
Popular Variants of the Sign Up Offers
As a standard offering in many gambling platforms, the Welcome Bonus is packaged and offered in different ways. Here’s a look at the most common offers available online today:
Sign-up bonuses
It’s the generic term for all bonuses awarded to new depositors at casinos and betting sites. You’ll often see this announcement spread across banner ads. As discussed above, the objective is to reward punters to sign up. They come in different forms like free bets or cash.
Deposit bonus
This is the most popular variant of the Welcome Bonus that you’ll find in most Indian sportsbooks. In this type of sign up bonus, you will receive a percentage of your initial bonus which can boost your bankroll. For example, a sportsbook may offer a 100% deposit match bonus up to ₹10,000. With this online betting sign up bonus, you can double your initial deposit on this casino up to ₹10,000. The deposit match rates vary from sportsbook to sportsbook so we highly recommend that you always check and compare before signing up for an account.
Free bets
For many punters, this type of promotion is the most exciting. As the term suggests, a sportsbook will offer you a free bet to play online. For example, a bookie will offer you a ₹3,000 free bet upon the completion of your registration. Now, you can use this bonus to bet on sport.
Cash bonus
This is another popular variant of the bonus that works for many punters. As the term suggests, the sportsbook will reward you with a cash bonus to start your online sports betting. Compared to the more lucrative deposit match bonus, the cash bonus is often smaller in amount.
These are some of the common betting sign up offers that you’ll find online. A casino may offer one type of bonus or a combination of several betting sign up offers. In many sportsbooks, the most common is the free bets and deposit bonuses.
How to Maximize the Welcome Bonus Offers
The sign up bonus is one of the most rewarding offers in online sports betting. Even before you hit a huge payout in betting, this bonus offers you a treat that can enhance your online gambling experience. But just like other bonuses, the Welcome Bonus is still a marketing tool for operators and as such, these are subject to certain terms and conditions. To fully maximize the benefits offered by a sign up bonus, check out the following tips and suggestions.
Check and compare the offers of at least three sportsbooks
This may require a lot of work but it can help you get the best deals online. As mentioned, the bookies sign-up offers will vary in terms of variant and total value so you’ll need to review all the top offers. For example, the bet65 signup bonus will double your initial deposit up to $100 or its currency equivalent. Another popular bookmaker for Indian punters also doubles a deposit up to $100 but also rewards new players with a $20 or its currency equivalent as a free bet. By comparing the offers of several sites, you can easily pick what’s lucrative and best for you.
Read the terms and conditions
Consider this as a mandatory rule when signing up for an account or when betting on sports. Yes, a sportsbook offers you the rewards but it’s still a marketing tool that favors the operator. To strike a balance, make sure to double-check common terms like the qualifying deposit, the maximum amount of bonus, validity period, and the playthrough requirement. Sometimes, you will find a Welcome Bonus that’s too attractive to ignore but it comes with highly restrictive terms and conditions. Furthermore, some online bookmakers sign up offers are subject to geographical restrictions. Always check if the sportsbook allows real money bets from players based in India.
Sign up with a licensed and reputable sportsbook
To stay on the safe side, always work with legit sportsbooks for Indian punters. You can check out our list of recommended Indian sportsbooks that offer the best bonuses with friendly terms and conditions.
FAQ
? What is a Welcome Bonus?
It’s also called the sign up bonus and it’s awarded to customers who will sign up for new accounts with a sportsbook. The total value of the bonus will vary depending on the operator.
? What is the most popular Welcome Bonus that I can get online?
Welcome bonuses are packaged in different ways depending on the sportsbook. The most common is the deposit match offer where a bookmaker will match the initial deposit of the customer up to a certain amount. For example, Bet365 will double the player’s initial deposit up to $100 or its currency equivalent.
❓ What are the common terms and conditions that I must consider when checking and comparing the available bonuses online?
Just like other bonuses, the Welcome Bonus is subject to fair use rules. For example, you will encounter bonuses with playthrough requirements, minimum deposit, and validity period. Make sure to check the fine print before you sign up with a bookmaker.