How to identify a good bonus?

How to identify a good bonus?

How to Identify a Good Bonus?

The online sports betting market is saturated with bonuses, as bookmakers compete to try and get you to play at their site.


With so many different offers to choose from, how can you pick out a good bonus from a promotion that looks a lot better than it is?


We’ll help you work out what a good bonus is, and how to identify one among the sea of mediocre promotions out there.



What Is a Good Sports Betting Bonus?


A good sports betting bonus is one that provides value to your bankroll. There’s not a whole lot of value in bet credits that can only be used on greyhound racing if you don’t know the first thing about it!



While these kinds of bonuses allow you to try something new for free, they won’t provide a lot of long-term value to your bankroll. When looking for bonuses, you want to find ones that apply to the sports you bet on.



Another thing that makes a good betting bonus is low wagering requirements. The lower the wagering requirements are, the more likely it is that you will be able to withdraw your bonus money.



A lot of promotions have a wagering requirement of 1x, meaning that if you win your bet, you get to keep the profits.



However, some will have wagering requirements as high as 50x, which makes it likely that you will lose your bonus money before it becomes available for withdrawal.



Examples of Good Bonuses


While a good bonus for one person may not be a good bonus for another person, there are some features to look out for that are ubiquitous among good promotions.


Let’s take a look at what those are.


Examples of Good Bonuses

No Restrictions on Events

Low Wagering Requirements

High Bonus AmountsMinimal Unlock Requirements
A good bonus will allow you to use it on any bet you wish. Some offers are limited to a certain sport, a certain event, or even a certain bet type within an event. While this is good if you were already planning on making this bet, it’s not much use if you weren’t.If your bonus has a low wagering requirement, it means there’s a higher chance you get to keep the bonus money. An offer with a wagering requirement of 1x only requires you to win one bet before you can withdraw your winnings, but a wagering requirement of 40x means you have to bet through your bonus amount 40 times before you can withdraw it.It should be obvious that a $50 bonus is better than a $5 bonus; in fact, it’s 10x better! Even if the offer only applies to a sport you’re familiar with, a high bonus amount can compensate for the lack of familiarity.The less you have to do to unlock your bonus, the better. Some bonuses will require you to make a deposit before you can claim the offer, whereas some will give you the promotion just for playing on their site.



Tips for Finding a Good Bonus


Being able to find a good bonus is a skill. There are so many to choose from, that it can be hard to find the ones that are worth it.



Follow our helpful tips if you want to get better at finding the best sports betting bonus.



Tips for Finding a Good Bonus

Always Check the Terms and ConditionsSpeak to Customer SupportCompare Sites
Make sure to read the terms and conditions of a bonus before you sign up to a site to claim it. Here’s where you’ll find the wagering requirements, offer scope, and other restrictions that may apply. The more restrictions there are on an offer, the worse it is.The customer support team is often able to give out bonuses to their players, so it’s worth messaging them to see what kinds of offers they can give you. You can even specify the type of offer that suits you best, and while you may not always get something, it’s worth asking.While some casinos will have multiple bonuses on their site, you always find the best betting bonuses by shopping around. Sites constantly compete to try and get people to choose them over their competitors, so it’s worth comparing before you choose one.



Pros and Cons of Bonuses


While being able to identify a good bonus can really help your bankroll, waiting around to find a bonus that’s right for you does have some drawbacks. Let’s take a look at the pros and cons of bonus picking.





♣Finding a bonus for a game/event you’re familiar with makes them easier to win.


♣You can often find much larger bonus amounts by looking for a good bonus.


♣You can avoid falling for bonuses with high wagering requirements.





♦You won’t always find a bonus that perfectly fits what you’re looking for.


♦Comparing all the offers takes considerable time due to the number of different sports betting sites.



Why You Should Look for Good Bonuses


Looking for good bonuses is an important skill for sharp bettors. It’s always better to bet the sportsbook’s money than your own, so finding a large bonus that can be used in your area of expertise is a great way to grow your bankroll.


Be sure to always read the terms and conditions for any restrictions or wagering requirements before you claim your bonus.



Identifying Bonuses – FAQs



1. What Makes a Good Bonus?

A good bonus provides value to your bankroll. This could be a high value or a bonus that can be used in your area of expertise.

2. What Are Wagering Requirements?

Wagering requirements are restrictions placed on bonuses that state you must play through the bonus a certain number of times before it becomes eligible for withdrawal. A lot of sportsbooks have a 1x wagering requirement, although some will be as high up as 50x.

3. Why Do Different Sportsbooks Offer Different Bonuses?

Sportsbooks are in constant competition with each other to try and get you to play on their site. The way they attract new business is by offering more and more enticing bonuses, which is why you will see differences from one sportsbook to another.

4. How Do I Find a Good Bonus?

You can find a good bonus by comparing different offers from sportsbook to sportsbook. You want to look for bonuses with high value, low wagering requirements, and which can be used for an event you’re knowledgeable about.

5. What Makes a Bad Bonus?

A bad bonus offers little to no value to your bankroll. These bonuses are either very low in value, have extremely high wagering requirements, or are only valid for events you don’t normally bet on.

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