Sports betting is one of the most popular and competitive industries in Australia. More often than not, sports betting websites offer incentives such as welcome bonuses and special welcome promotional offers to attract more clients. The main agenda for doing this is lure you to deposit or wager on their site, but you should not be afraid of that. These promotional offers can help you win huge amounts of money if only you manage them well and adhere to the terms and conditions set by the company.
Let us take an in-depth look at a typical welcome bonus offered by betting websites.
In most cases, the betting sites offer welcome or first deposit bonus to new members in a bid to encourage them to place a bet and make a deposit. The offers come in form of free bet that is equivalent to the deposit amount or up to a certain amount. A good example to is a site that offers a 100% up to $200 welcome bonus to new members, it means that you have to deposit $200 to get the full $200 bonus or $70 to get $70 bonus.
It is important to note that bonus percentages vary from one site to another. For example, a 50% bonus up to $100 bonus means that you have to deposit $200 to get the full $100 bonus.
Bonus bets usually come with a few terms and conditions that you must obey. This should not deter you from placing your first deposit, but it is important to read and understand them to avert any inconveniences down the road. Typically, there are minimum odds that you can use to place a free bet. For instance, your bet must have odds of 1:4 or higher.
In addition, you only get to keep the winnings that you get from the free bet and not the bet amount itself. For instance, if you register in a site that offers a $200 free bet, and you bet on a football gate at odds of 1.5 and win, the $200 free bet will be automatically removed from your account and you will keep your reward of $100.
In most sites, the players have to turn over their winnings before making a withdraw request. Turn over means that the cash reward/winnings must be wagered on other bets. Some sites will require you to turn over the amount once or more depending on their terms and conditions. Hence, if you won $100 from the first bet, you are required to make another bet (s) that is worth $100 before withdrawing.
One of the benefits of doing this is that you will be able to claim regular promotional offers that the site offers periodically hassle free. Most of the offers are restricted to regular customers who adhere to the set regulations. Placing several bets to turn over your bonus winnings will actually increase your chances of qualifying for these offers.
The most important thing to remember about sports betting bonuses and promotional offers is to read and understand the terms and conditions. You should not be intimidated by the offers. Feel free to try out new sites that are credible to take advantage of get maximum profits from your bets.