How to Place a Bet in a Sports Bookmaker
The essence of placing a bet is just making some kind of prediction about an upcoming or live event or a certain sport. There are several different styles of odds and types of bets that vary in terms of risk and returns as well as betting limits. Usually, the more prestigious the event, the better the betting limits are as well as the number of potential bets you can place.
A football match, let’s say from the English Premier League will allow you to bet on things like the chance of any given player to score – even subs that might never make it to the pitch during the match in question (of course the odds are high in this case).
Prestigious sports events are often related to exclusive bonuses, as we will explain in this article.
Sports Betting World – What Kind of Bonuses Can You Expect?
The bonuses usually offered by gambling houses with sports events’ odds share some similarities with Casinos. Still, they aren’t entirely the same; for instance, no deposit bonuses are quite rare nowadays when it comes to bookmakers. Nevertheless, several offers like that are available at Casinos, especially in the form of free spins. Let’s have a look at the most common bonuses you can benefit at this market
There is virtually no bookmaker (or Casino) nowadays that won’t try to attract your first deposit with some kind of promotion. Welcome bonuses may vary a lot, and they may focus on prestigious upcoming sports events such as the begin of a Premier League season or a World Cup build-up.
The most common kinds of bonuses given as ‘housewarming gifts’ are deposit cash bonuses, but there are other like odds boost that will be explained more in detail later in this article.
Wagering terms apply to these bonuses, which means that winnings derived from them usually need to be bet at minimum odds rarely below 1.50. Typically some rollover condition affects too, i.e. the bonus money needs to be bet, for example 5x before you can request a withdrawal. Let’s say you made a £100 deposit, and there was a 100% deposit bonus, this means the £100 of bonus needs to be bet five times, or the multiplication of this amount of money by the odds need to amount £500.
We strongly advise players to benefit from multiple accounts as these promotions are numerous nowadays, but remember to read carefully the terms that apply to any kind of bonus before you spend time and money trying to benefit from them – some operators set unrealistic wagering requirements that make it virtually impossible ever to cash out earnings that derive from bonuses.
Different Kinds of Deposit Bonuses
There are essentially two kinds of deposit bonuses, the ones that simply give you extra betting balance that needs to meet specific terms like we described and they are right to be cashed out, and others that apply to specific events or fractions.
While at Casinos some bonuses apply only to specific slot games, sports betting events may be related to these promotions.
Let’s give an example: the bookmaker offers you a deposit bonus up to an amount of a £150 free bet on the upcoming Manchester derby between Man City and Man Utd. It is a bonus with a ‘direction’.
Other situations include restrictions to the size of the bet and or the odds, for example, you received a bonus of £100, but you must bet 4x £25 at odds of 1.7+.
Events – Odds Boost
These are promotions that may allow existing users to benefit from them, but they may be part of a welcome bonus too.
These promotions are simple in terms of structure, the odds of a specific football game, for example, are much higher than the market average, and the bookmaker invests on the marketing campaign in question highlighting a prestigious upcoming event.
Usually, there are restrictions and betting limits to these ‘odds boost’.
No Deposit Bonus – a Rarity
Casinos usually offer free spins or even a cash amount of money to be bet before any deposit is made. In essence, this is particularly common when a website has got two sections or more, one as a bookmaker and another Casino section and they want to make the user engage with parts of the website they never did. The advantage of these promotions is that you can usually bet with the same balance on two parts of the website – at times more.
Pure deposit bonuses good to be used at sports events; however, are very rare nowadays. Most of the promotions impose very unrealistic rules to allow a withdrawal request which means you shouldn’t be too excited if you ever find one of those. It isn’t impossible to find a good one, it’s just one type of promotion the industry isn’t exploring much, and operators tend to offer very similar products and bonuses as competitors evaluate each other all the time.
A Sea Full of Fishes
The good part of being a sports bettor these days Is that there are so many operators and the market is growing every quarter, which means the promotions are getting better and better and you can benefit from this competition.
It is also interesting to compare the natural odds of the bookmakers and not only the freebies and bonuses. In the end, most of your betting action will be under ‘normal circumstances’ after you become ‘a regular’.
Just like the Casino world, it is also essential to read carefully the rules of your preferred bookmaker that apply to withdrawals. Whether they are related to bonuses or not, because you may need to provide full details to allow identity proof as well as proof of banking residency. In essence, this is normal, and it keeps the gambling world safe from money laundering activities, so don’t be surprised if you have to do that before you cash your winnings.
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