By Callum 
Welcome bonuses and other betting bonuses are an integral part of the world of sports betting. Whether it’s a deposit bonus, free bet, or cashback, betting bonuses offer several advantages for both the player and the bookmaker. But how do betting bonuses actually work, and what types of bonuses are there? Check out also non-GamStop casinos with biggest bonuses.
What types of betting bonuses are there?
Betting bonuses come in various forms. The following bonus types are the most common:
- Deposit bonus: The betting provider pays a percentage bonus on the deposited amount (eg 100% bonus up to €100).
- No deposit bonus: The bookmaker offers a certain amount as a reward for registration.
- Free bets: The bookmaker covers the stake up to a certain amount.
- Cashback Bonus: The player receives the stake or part of the stake back if the bet is lost (cashback).
- Reload Bonus: Works similarly to the deposit bonus. New deposits are boosted with a bonus.
How do betting bonuses work?
The betting bonus at non GamStop bookmakers principle works the same way at almost all betting providers. Typically, you have the chance to claim a welcome bonus, which is awarded as a deposit bonus on your first deposit.
Most bookmakers without GamStop double the first deposit up to a certain amount, for example 100% bonus up to €100.
This means the bookmaker will match 100% of the deposited amount as a bonus. So, if you deposit €50, you can play with €100.
Important: Each bonus has its own bonus terms and conditions. These must be met before you can withdraw the bonus amount.
What are bonus terms and conditions?
No betting bonus without bonus terms and conditions! To cash out your bonus, you must meet certain bonus terms and conditions. It’s worth comparing the best betting providers. For example, most deposit bonuses require a minimum deposit. You should also consider the following terms and conditions:
- Wagering requirements: Typically, the bonus amount or the deposited amount must be wagered several times. For example, the amount must be wagered five times within 14 days.
- Minimum odds: The wagering requirements are often tied to a minimum odds requirement. For example, bets must have odds of at least 1.50.
- Bonus duration: Most bookmakers attach a time limit to their bonus offers. This is usually between 7 and 30 days.
Practical example: How a betting bonus works
A bookmaker offers a 100% bonus up to €100 on the first deposit. The bonus terms and conditions stipulate that the deposited amount must be wagered five times within 30 days at minimum odds of 1.50.
If you now deposit €100, the provider will double your budget to €200. You must then place five bets of €100 with minimum odds of 1.50 within 30 days. It doesn’t matter whether you win or lose the bet.
After you have met the bonus conditions, you can withdraw the bonus amount.
What do I need to consider when it comes to betting bonuses?
In addition to the bonus terms and conditions, there are other points you should consider. This applies, among other things, to the minimum deposit. Many deposit bonuses only apply when you deposit a certain amount.
Additionally, certain payment options may not qualify for the deposit bonus. Please check the bonus terms and conditions beforehand.
What are the betting bonus advantages?
A betting bonus can offer several advantages. It gives you more starting capital and allows you to play with less risk. This allows you to test new strategies or place riskier bets.
Whether it’s a bookmaker with a British license or a betting provider without GamStop – bonus offers are a standard feature of every betting provider!