Understanding Online Sports Betting Bonuses: What Are They?

What are Sportsbooks?

In simple terms, the word “sportsbook” is a place where you can place your sports bet. Most sportsbooks give you different sport options (such as soccer tournaments, baseball matches, and football games), but there are also others that offer only one type of sport. For instance, you can find hundreds of sportsbooks bookmarking only horse racing events.

Before the advent of the Internet, sports bettors go to “brick-and-mortar” sportsbooks. They either gather at a certain time on a certain day, and watch their favorite sport go live on TV. And if they are at the venue of the game, they can head directly to the place where they can both watch and place their wager. But when the Internet was introduced to the public, online sportsbooks started to mushroom. Some of these sportsbooks are still existing today, but others closed down.

What are Online Sports Betting Bonuses?

To lure sports bettors, online sportsbooks offer different kinds of betting bonuses. Depending on the online sportsbook, these bonuses vary in rates, forms, and names. To start redeeming these bonuses, one is required to open an account with an online sportsbook.

What are the Different Kinds of Sportsbooks Bonuses Offered Online?

Here is a list of the bonuses commonly offered by online sportsbooks.

1. Sign-Up Bonus

This bonus is given the moment you register and fund your new account. Rates vary depending on the betting site, but they range from an average rate of 20% and they can go as high as 50%.

2. Deposit Bonus

If you make an initial deposit, the online sportsbook can give you a bonus that can be 20% of your deposit. Also, if you re-deposit, you can be awarded with another bonus.

3. 100% Match Bonus

Online sportsbooks are very generous when it comes to their bonuses. This is a way of thanking their members for their loyalty. One of their most generous bonuses is called a Match Bonus, a bonus that matches your deposit to a full 100% rate. For instance, if you deposited $100, you will get a bonus of $100.

4. Free Bet Bonus

This type of bonus can be a complimentary bonus for signing up with an online bookmarker, or it can be an out-of-the-blue type of reward. As what the name tries to imply, this online sportsbook bonus comes in a wager that you can use for free.

Claiming and redemption of the above-stated bonuses depend on the betting site’s procedures. But rest assured that there are no complicated procedures in claiming as all you have to do is click on the right buttons.

Why Should You Not Go For Brick-and-Mortar Betting Sites?

Brick-and-mortar sportsbooks and betting places certainly have several advantages, but when it comes to bonuses, online betting sites certainly have better advantages.

For one, online sportsbooks are more generous in their bonuses. Since competition is stiff online, these online sites give out rewards, discounts, and other offers more often than brick-and-mortar sportsbooks. Second, online betting places don’t have complicated processes in claiming your bonuses. All you have to do is to click on the “claim” button. Third, it is very convenient to complete your wager online.