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Sports Betting and Bet Bonuses
Betting on sports may sound easy but there are a lot of betting concepts that you need to understood before you can transform your betting knowledge into a good bet.
What is a betting limit?
It’s a limit that prevents the bookmaker from heavy losses on uncertain events, or simply helps it distribute the risk more appropriately. The bettors only need to understand that the smaller or more obscure an event is, the lower the limits will be!
What are odds?
Odds are multipliers that determinate the potential prize of a bet. They are based on the chances of winning. If you bet on North Korea to win the next FIFA World Cup of Soccer then the odds will be high because the chances are quite small – just like a lottery. If you bet on the Golden State Warriors to win the next NBA season then the odds will be a lot smaller. It doesn’t take a rocket science to understand the basics of sports betting
Sports Betting World – What Kind are the Usual Bonuses?
Bonuses usually are an attempt to steal a gambler from the competitors. They usually come in the form of a welcome bonus or bonuses focused on sports events. Let’s have a look at the most common forms of bonuses
Welcome Bonuses
They usually come in the form of a boost to your first deposit, in other words, they offer you more value to your gambling budget. Nowadays however the welcome bonuses aren’t that generous, but they still are worth the try. Normally the bookmaker will set strict rules specifying how you can cash out winnings derived from this pool of money.
The most common format is a deposit bonus, for example you deposit 100 CAD and receive at your gambling balance a value of 200 CAD which would represent a 100% deposit bonus.
Average market conditions include minimum odds to be multiplied by the bonus money before cashing out is possible. For example you may need to bet on an event at odds of 1.6 or higher before you could cash out any winnings. This kind of restriction exists because it would be too easy for the players to simply place bets of minimum risks and cash out bonuses at several different bookmakers.
Rollovers may also apply, i.e. the bonus money needs to be bet a certain amount of times before it is good to be cashed out.
The net result is a fairly difficult chance of ever seeing the bonuses become a major amount of money unless if you make true conscious bets – you can’t simply take money out of the bookmakers pockets!
Deposit Bonuses – How do they Work?
The most common formats of deposit bonuses would be the fractioned bets and the ‘free balance’. The first format is a restricted number of bets, for example, you got a free amount of 100 CAD to bet on sports selections, but you need to bet only twice with bet sizes of 50 CAD. This may vary a lot depending on the bookmaker which means reading online casino reviews is a must to make sure you are being offered a fair deal in terms of bonus considering the market conditions nowadays.
The other deposit bonus format is as simple as it sounds – a free amount of money that you can bet in any way you desire, for instance if you get 100 CAD you can bet 100 x 1 CAD or 4 x 25 CAD. In that case, only the Rollover and minimum odds normally apply as conditions for cashing out.
Odds Boost – How exactly do They work?
When big events are about to happen the bookies usually try to take advantage of the excitement related to their build ups in the media and may offer boosted odds which are incentives to bet on prestigious events such as NBA, Stanley Cup, MLB, MLS, Olympics and others. Normally only some odds are boosted because it would be too easy to obtain the so called ‘sure bets’ if all odds of a specific event were boosted.
Some bookies however offer different boosted odds during major events which makes it interesting to scan the market when things like the Super Bowl are about to happen!
No Deposit Bonus – A Nearly Extinct Species
This type of bonus that is a rare thing in the world of bookmakers. They are more often offered by casinos these days in the forms of free spins to specific popular slots (most notably related to games that are popular at a specific region).
Other no deposit bonuses exist at Casinos such as a free deposit involving several conditions before the money is good to be cashed out such as a cash deposit.
We don’t want to frustrate you but the warning is important: it is not impossible to find a no deposit bookmaker bonus, but if you come across one make sure you are dealing with an honest operator.
The Benefits of a Crowded Market
What could be better than dozens – depending on the market even hundreds – of companies fighting for your gambling volume?
This competition leads the market into low commissions and a myriad of promotions and bonuses.
It is the best time in the history of gambling to be a sports fan that bets, so make sure you scan the market properly to extract the most value possible out of your gambling budget!
We will always help you find the best deals in terms of bonuses.
Take Advantage of Good Promotions
Although the sea is full of tasty fished there always are the sharks – make sure you are betting at a respectable website – the reviews exist to help you. It is also important to use impartial honest reviews from websites like us – often times cloudy websites take bribes from dishonest operators to say good things about them – The combination of fair reviews and the users‘ comments will surely lead you onto a safe path!
