Sports betting has become an easy yet lucrative way to make money and has thus become a popular pastime for hobbyists and serious punters. Most bookies have acknowledged the need to capitalize on this sports betting popularity and now offer signup offers which make it quite tempting to join their sites. And if you do not know much about what comes tied to some of these offers, you can end up accepting an offer that does not help your sports betting goal.
Thus, you must review each offer so you can end up choosing the best deals. If you would rather skip to the best betting signup offers that can work for your wagering needs, you can always use reputable sites to find good deals. And if you are curious how punters choose such deals, we have some factors you must consider when taking up anything you see when doing your research:
a. How much must you wager?
Sports betting sites know that if they offer you money, you might sign up and withdraw the cash before ever using it on the site. And such a loophole would be easy to exploit, and many people would follow suit. Bookies are not in the business of losing money and they thus come up with what they refer to as a wagering minimum.
Say, for example, that a site offers you $50 in bonuses with a wagering requirement of 1x. That would mean that you would need to wager the bonus once. And if you won, you would get to withdraw the bonus. That’s a good wagering minimum. Now, let’s assume that the wagering requirement is 3x. You would need to wager the bonus 3 times to have the chance to withdraw the money. Let’s be honest – the chances of placing a wager thrice and winning in all the games are slim.
Thus, when choosing a bonus, think about:
- How many times must you wager the bonus before you can cash it out?
- Will you get the bonus amount at once? – Sometimes a site will offer you the bonus in bits. Say, for example, a site offers you $2 as a bonus each time you wager $50. You would need to play severally before you could receive the entire amount.
Figure out what each site offers. Then ask yourself: Are you willing to play that much or wait that long before you can access the bonus?
b. Do you need to make a deposit?
Bonuses come in different forms. Some are available by virtue of signing up on a site. Others are only accessible if you deposit money on a site while others are only for frequent players. We can categorize the most popular bonuses as:
- Free money: A site gives you money to use on the site. Some bookies allow you to withdraw the cash (rarely) while most require you to play with it then you can access the winnings,
- Matched deposit bonuses: Under these options, the site matches what you deposit. For example, if a site offers 100% matched deposits to a limit of $500 and you deposit $400, you will get $400 in bonuses.
- Free bets: Instead of offering you money, some sites will offer you a chance to place a wager for free.
These are the more common examples. But others exist such as high roller and money-back bonuses. Figure out if you need to place money on the line to access the bonus and decide accordingly.
Don’t forget to read the fine print so you do not miss any key details. If you are lucky enough to find a good bonus, grab it while you can. And remember to back it with a good strategy so you can keep the bonus and the winnings and add these to your bankroll.
