5 Tips For Using A Sports Betting Bonus

Mon, Mar 27, 2023
by CapperTek

One of the first items most people check when they join a sports betting website is bonuses. This is important because it can give you an advantage when you’re getting started.

Additionally, recurrent promotions are critical too, even though they’re not as sought after. This is because they give value when you are a regular customer.

That said, not all bonuses are the same, and you need to make sure you know how to best use them. This includes a lot of things that might look like they’re outside of the scope of the bonus itself. This is why we compiled the top 5 tips to use bonuses at sports betting sites.

1- Read the Terms and Conditions

This is perhaps the most important one. Just because you’re visiting a website, it doesn’t mean the platform isn’t an entity subject to regulations, and the same goes for you. You always need to check the terms and conditions of any bonuses since these are a binding agreement between you and the sportsbook's site.

For example, you might get a free cash bonus only to discover it isn’t available for your favourite sports or events. You may also be required to wager your own money many times before being able to collect your winnings. Examples abound, but the recommendation is clear: always check them out.

2- Gamble Consciously and Responsibly

Using a bonus is enticing, especially if you win. This can put you in a situation where you’d like to spend your own money to keep gambling. If you do so, always remember to do it responsibly and don’t bet more than what you can afford to lose.

This also includes betting on games you don’t understand or are unfamiliar with. The best course of action is to analyse each sport and market closely before making any bets.

2- Choose an Appropriate Bonus

In online casinos, many offers allow you to claim exciting Free Spins bonuses, so it’s logical to use them if you’re a fan of slots. However, on sportsbook sites, there are sometimes different proposals. Is it right for you to use a bet builder for the NBA when you’re a football fan?

The same goes for bonus caps and minimum amounts. Some bonuses have capped wins, meaning there’s a maximum win no matter if you theoretically win more. You also have to assess whether a bonus that asks you to deposit the same amount that it grants is worthwhile.

3- Keep Track of Your Bets

Because bonuses have conditions, it’s important to track how you use them. Since many of them require you to deposit your money, it’s better to keep a log of every bet you make. This way you’ll have more control over your bankroll.

It’s also useful to do this in case problems arise. They rarely do, but if you’re having issues with the bonus and need to contact the support team, it’s good to have as much information as possible to address the issue.

4- Use a Betting Strategy

This is one of the most important things to do since using a strategy allows you to have fun betting while keeping emotions at bay. They consist of following a “wagering plan” rigorously and sticking with it to get better results. Bear in mind these strategies were not developed to get wins. Quite the contrary, they seek to reduce losses.

One of the most popular ones is the Martingale system, which is also used for investing. In this system, you double your bet when you lose, hoping that you’ll eventually win back all the lost money. There are other systems such as D’Alembert, Fibonacci and others. Pick one you feel comfortable with and stick to it.

5- Take Advantage of Special Events

Sometimes the best sportsbook bonuses come with top events such as the World Cup or hotly-anticipated matches. During these times more people visit online sportsbooks to make bets, so the platforms offer enticing promotions to attract more customers.

It’s good to check all your favourite sportsbooks during these events since you’ll probably discover great opportunities to get nice bonuses. Bear in mind that promotions tend to change more often than on online casino sites.

Don’t Forget the Basics

With these 5 tips, you’re now better prepared to get a good sportsbook bonus and enjoy it. However, don’t forget that bonuses are not free money. You’ll need to invest your own money somehow, and it’s crucial to be aware of all the tiny details.

If you do, you’re set to have a good experience and, who knows, perhaps win some money in the process.