In India alone, there are over 172 million gamblers, a number that is expected to increase as the years go by; this shows that betting companies domiciled in India are constantly smiling to the bank, as they’re making an enormous profit from the venture. As such, dozens of betting companies are launching every day to get a piece of the pie—this makes the business very competitive.
Competition drives innovation, and one such innovation introduced by betting companies is that they have come up with strategies to attract punters to their website. This is an advantageous phenomenon for punters, as it offers them the opportunity to make a choice from a large number of betting sites and companies in the market. With the way innovations targeted to improve how we bet keep emerging, it’s safe to conclude that the future of sports betting is a bright one.
However, you should pay attention to promotions and bonuses that betting companies offer. This article discusses the different bonuses offered by bookmakers and why you should or should not take advantage of them.
Types of Bonuses
1. Bonus money
It’s common for bookmakers to give extra money to customers who open an account with them and make deposits into it. Most times, bookies match the first amount deposited into the online wallet. For example, bookies who match deposited funds will give you $50 when you make a $50 deposit to your betting account—summing up to $100.
It’s important to note that you may not have access to withdraw your money till you turn over the bonus multiple times.
2. Free Bets
Another common way for bookies to incentivize bettors is by offering them opportunities to bet for free. But what does this offer mean, and is it worth it?
Free bets are simply free money credited into the account of bettors to bet on a type of sport, such as horse racing. Some bookies limit free bets to horse racing alone or any other type of sport, while others don’t have a restriction on which sport the money is used on.
Free horse racing bet is a great opportunity for individuals who have mastered this sport and can easily predict the outcome of events. If you want to make use of free horse racing bets, but you’re not conversant with the sport, then read “your guide to horse racing betting terms & Glossary,” it’ll help you get acquainted with horse race betting.
3. Loyalty Bonus Rewards
The main aim of this bonus is to further win the heart of customers. Offers given are often cash backs, free bets, boosted odds, and other types of gifts. The condition for getting this bonus varies with the company offering the bonus.
How to benefit from bet offers?
Pay attention to loyalty programs: The interest of punters get aroused by sign-up bonuses when choosing their preferred betting site, while they ignore loyalty rewards and bonuses. Although sign-up bonuses are superficially more beneficial than loyalty rewards, loyalty rewards are more valuable than sign-up bonuses when properly evaluated. The reason for this is that they generally offer a higher profit margin in the long run.
Use promotional codes and links: Most free platforms allow bettors to sign-up to their platform with exclusive promotional links and codes; this allows them to receive bonuses and rewards when they sign-up to the betting site.
Have an account with numerous free betting sites: Punters who are particular about bonuses can open a free account with multiple betting companies that offer free bets.
Conclusion
You now know the different offers used by betting companies to attract punters and how you can make use of those offers, but it’s best to carefully study the proposed benefit before making a decision.
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