It’s simple to understand that bookmaker bonuses are a perfect way to raise your bankroll. It’s not as easy to find out precisely what terms and conditions you have to follow before you can withdraw these bonuses.
Any bonus offered by an online sportsbook, whether it’s an initial deposit bonus, a free bet bonus, or anything else, comes with a set of wagering criteria.
Understanding the precise terms of incentives, such as playing-through conditions and time limits, can be difficult. Sportsbooks also use complex jargon to mask the difficulty of redeeming these bonuses.
This is where we’re moving in. To have all the complexities of your sports betting bonus clarified in plain English, read on!
Table of content:
- So, What’s The Betting Bonus?
- What Does Play-Through Mean?
- Additional Winnings
- Apply Your Know-How And Start Betting Today!
So, What’s The Betting Bonus?
Betting bonuses are marketing strategies for bookmakers. They’re used to supporting the gambling industry.
Bonuses come in the form of cash or bids. Bonuses are rewarded when a player either registers, places a bet, or deposits into their accounts. Bookmaker Bonuses are a variation of casino camps or benefits.
Although there are several forms of bonuses in the betting industry, the concepts are the same. Bookies use the deals to attract and keep customers in their company.
What Does Play-Through Mean?
Second, “play-through” may also be referred to as “rollover.” Two words are synonymous.
An example could help you to understand what these mean. Let’s say you’re paying $300 to a sportsbook that gives a 50 per cent bonus with a 5x rollover. This means you’re going to have $450 to gamble on, but you can’t withdraw the bonus money until you’ve put $2250 ((300+150)x5) in your bets.
The following table shows how much you would have to stake to clear the common rollover/play-through conditions and get your bonus money, assuming an initial deposit of $100:
| 3x Rollover | 4x Rollover | 5x Rollover | 10x Rollover | |
| 50% Bonus | $450 | $600 | $750 | $1500 |
| 75% Bonus | $525 | $700 | $875 | $1750 |
| 100% Bonus | $600 | $800 | $1000 | $2000 |
Sportsbooks estimate the rollover and the bets that go towards hitting it differently, so be certain to thoroughly read the terms and conditions.
Sportsbooks Can Impose Restrictions On Odds And Time Limits On Rollover
Some sportsbooks compensate the risk amount for losing bets, and a lower risk or winning amount for winning bets. This implies that if you bet $10 on the Colts at-110, you can earn $10 on your rollover criteria if they lose, but just $9.09 if they win.
Most of the books have rules against betting strong favorites to clear the rollover, so don’t be surprised if you have to bet more than even money to win credit for your rollover. If you have to bet more than 2/1, it’s probably not a good deal.
Another thing to look for is a time limit on the rollover. Rushing your bets to reach an arbitrary threshold is a sure way to make bad bets and lose money. Before you take a time limit bonus, determine how much you need to bet every week to clear the requirement, and see if it makes sense for the way you want to bet.
Additional Winnings
This isn’t really a bonus like the ones mentioned above, but extra winnings are still a way for bookies to charm players to sign up and hang around.
An example of extra winnings is if a bookmaker raises the possible winnings by 10% in a big accumulator bet. However, we will advise you not to be tempted by this.
Depending On Your Online Sportsbook, There Might Be Additional Conditions For Your Bonus
In addition to play-through criteria, sportsbooks have several other terms associated with sign-up bonuses that you have to be mindful of to claim your withdrawal bonus.
They vary from sportsbooks to sportsbooks, so it’s worth reading the terms and conditions before jumping on one and attempting to cash out before you’ve met all of them.
Here are a few examples of additional requirements:
- Wagers with a price of less than or equal to-200 (1.5) do not count towards meeting the criteria of a sportsbook bonus rollover.
- Withdrawals cannot be made within 30 days after this promotion has been claimed.
- Only available for use in sports, horse racing and casino;
- At any one time, you can only have one active incentive. To receive another bonus, the current active bonus must first be completed or closed.
- At least one pick must have an odds of 1.50 (1/2) or greater to be counted against any turnover criterion in multiple bets.
- Essentially, you will need to look at your sportsbook for the following requirements:
- Odds restrictions on bonuses. Few bets may not count for a rollover above a certain threshold. Usually, this means you can’t just bet on big favorites over and over for your rollover requirement.
- You will have to wait for a defined period before you withdraw your bonus.
- You can only use your bonus on some sections of your sportsbook.
- A sports betting platform also offers several bonuses. This is normal if there are ongoing bonuses. You’re probably only going to be able to get one active bonus at a time.
Apply Your Know-How And Start Betting Today!
Now you understand precisely how sports betting bonuses operate, you know the right course of action: start betting!
No matter whether you’re looking for a sign-up bonus or an ongoing bonus, we will guide you in the right direction by helping you decide on ideal sports betting bonus.
