What Are The Different Types Of Sportsbook Welcome Bonuses? All You Need To Know About The Different Types Of Sportsbook Welcome Bonuses!
Cleveland, Ohio
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December 16, 2023 01:00 AM Eastern Standard Time
The online gambling industry has exploded in the last couple of decades due to the many online casinos and sportsbooks launching. Many of the operators have found ingenious methods to entice their clientele with some incredible sportsbook offers and incentives. Operators know and understand that players love knowing they can claim free bets and welcome offers. In this article, we will discuss different welcome bonuses from some major top online sportsbooks in more detail.
First Bet Insurance
First-bet insurance is when a site insures your first bet on the site. This means that if your first bet loses, you will be refunded the amount of your original stake in the form of bonus bets. For example, if someone signs up for a site and places a bet on a horse, but it doesn’t win, you would typically lose your stake. But with the First Bet Insurance, you get your money back. Usually betting sites will set a limit on how much they will grant back to players in the form of bonus bets.
No Deposit Bonus
A no-deposit bonus is a form of site credit; there are no wagering requirements to qualify for this particular type of bonus. A no-deposit bonus is automatically deposited straight into your account as soon as registration is complete. The bonus can then be enjoyed to try out other exciting games or even place bets in other sporting events. These types of bonuses vary in amount, anything from $10, $25, $50, or even more significant amounts, depending on the site.
First Deposit Match Bonus
Another sportsbook/casino promotion customers love to get stuck into is the deposit match bonus. A first deposit match bonus is processed by matching your initial deposit up to a specific value. For example, if a site offers a 40% match deposit up to $1,000, customers who make a deposit worth $200 will receive an additional $80 in bonus funds, given a total of $280 to play with.
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Summary
Online casinos and sportsbooks are awash with all sorts of offers, incentives, and first-time welcome offers. They all come in all sorts of shapes and sizes. Throughout this article, we discussed a number of sports betting offers and outlined the worth of each. Make sure to keep an eye out for them when you are looking for your next favorite sports betting site!
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