The online betting industry has taken off this last decade, meaning the marketplace is flooded with options – of ranging quality. The competition in the sports betting industry means online sportsbooks need to attract and retain customers. One of the ways they do this is by offering rewards and incentives to new and existing members. Here are five ways to get rewards when using an online sportsbook.
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Grab The Welcome Bonus
When you join an online sportsbook, you can receive a welcome bonus. A welcome bonus is a match on your first deposit, which is credited to your account after your information is verified and your first deposit processes.
One of the best bonuses available is from MyBookie: It will match up to $500 on your first deposit. That means if you deposit $500 when you join MyBookie, they will give you $500 for free. That is a great reward to start out with when betting at MyBookie.
Check Out Promotions
Whether it is seasonal sports promotions, free spins in the casinos, or extra juice on specific wagers – following the promotions available through your online sports betting site is a great way to earn more.
One of the best promotions to check out is weekly NFL pools. Many online sportsbooks offer these contests for free to their members.
Also, make sure you sign up for emails from each online sports betting site you use. Emails are the easiest way to stay on top of available promotions (and make sure the emails are not going to your spam folder). You can also check out the promotions tab on their website to see if you are missing out on any chances to get more rewards.
Refer Your Friends
Online sportsbooks such as MyBookie offer friend referral bonuses. An online sportsbook will give you a unique you can share with your friends. When your friends sign up, enter your friend referral code, and make their first deposit, you receive a bonus. MyBookie offers one of the best friend referral bonuses, matching up to 250% for a maximum of $250. Also, friend referral bonuses are unlimited, meaning you can refer as many friends as you want!
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Make Deposits With A Cryptocurrency
Many online sportsbooks accept Bitcoin and other cryptocurrencies as a payment method and offer extra incentives for those who use it. Whether it is a higher match on your welcome bonus, faster payout times, or reload bonuses when you top up your account, using a cryptocurrency is a smart way to get more out of your online sportsbook.
Check Out Loyalty Rewards Programs
There are online sportsbooks that offer loyalty rewards programs to their clientele. Loyalty rewards programs give bettors rewards the more they bet on sports. Popular loyalty rewards include cash back on losing bets and free bets for members who bet over a specific amount in a week. The rewards available through loyalty programs typically increase the more you wager.
Bonus: Use Multiple Sportsbooks
While this bonus section does not involve rewards, it is a strategy to use to make more money when betting online. Using more than one sportsbook can help you find better odds, which means you can make more money on winning wagers. You can also grab promotions unique to each sportsbook you use.
Important Information to Remember
Getting rewarded when you bet on sports is great. Any time you can get more, you should take it. However, there are important rules to remember when gambling online and getting rewards. The first is only to create one account per household per online betting site. If you decide you want to get the welcome bonus again and make a second account, you risk being blacklisted – meaning your bonuses are revoked, winnings are taken back, and your account is banned.
Also, many rewards have terms and conditions you must meet. The most common requirements attached to bonuses are minimum betting odds on wagers and rollovers. Minimum odds mean wagers you place must exceed the odds requirements of the sportsbook.
Rollover requirements are the amount of money you must wager with your bonus or reward before you can withdraw money from your accounts. Both these requirements differ depending on the online sportsbooks.