Welcome Bonus: Offered to new customers upon signing up, usually a deposit match bonus where the sportsbook matches a certain percentage of the player's first deposit up to a specified maximum amount.
No Deposit Bonus: A free bonus awarded without requiring a first deposit or wagering any personal funds, often used to attract new customers and give them an opportunity to try out the betting platform before committing any money.
Reload Bonus: A bonus offered to existing customers as an incentive to keep depositing and betting on the platform.
Free Bet Bonus: A bonus that allows players to place a free bet on an event.
Risk-Free Bet: A bonus where the player's first bet is fully or partially refunded if they lose.
Accumulator Bonus: A bonus that increases the winnings of an accumulator (multi-bet) if certain conditions are met.
Terms and Conditions:
Betting bonuses often come with specific terms and conditions that must be met in order to claim and use the bonus. These terms may include:
Wagering Requirements: The number of times the bonus amount must be wagered before any winnings can be withdrawn, often expressed as a multiple of the bonus amount (e.g., a wagering requirement of 10x means the player must wager 10 times the bonus amount before withdrawing).
Expiration Date: The length of time the bonus is valid and can be claimed or used, usually a set number of days or weeks.
Minimum Deposit: The minimum amount that must be deposited in order to qualify for the bonus.
Eligible Bets: The specific types of bets or events that the bonus can be used on, often restricted to certain sports or leagues.
Maximum Winnings: A maximum amount that can be won using the bonus, often in addition to any winnings from the actual bet.
Understanding the terms and conditions of a betting bonus is crucial to maximize the value of the bonus and avoid any potential pitfalls or disappointment.