New Customer Betting Bonuses

Offers begin at the very start of a relationship, and the vast majority of bookmakers now offer a sports betting sign-up bonus. This is by far the most popular type of bonus, and it’s offered at almost every good betting site.

A sign-up sports betting deal can take a number of forms. Many offers will match a customer’s opening deposit and add bonus funds to their new account. These betting sites’ deposit offers can vary between 50% to 100% or possibly even higher, but the thing to look for is the monetary value of the upper limit. Those with £100.00 on the table or more will offer the best sports betting bonus in this respect.

What You Should Know About Wagering Requirements

Players should check all terms and conditions relating to sports betting bonus offers, but one of the most important points to look for is a wagering requirement. This can also be referred to as a rollover, and it requires the customer to play through the amount of their deposit and/or bonus a certain number of times before any profits can be withdrawn.

As an example, let’s say you have deposited £50.00 with a sportsbook and they have matched that figure by 100%, giving you a total of £100.00. The bookmaker in question then states that there is a 7x wagering requirement. That means that you will have to stake £700.00 in qualifying bets before you can withdraw any subsequent profits.

As a further point to note here, the bookmaker in question is also likely to apply rules on the bets that you make and the length of time you have in which to complete the betting bonus rollover. Once again, the exact details will vary, but typically, you might expect to make bets at minimum odds of 4/6 and to complete the cycle within 30 days.

How do Free Bets Work

Another form of sports betting sign up bonus will issue a series of free bets. The monetary amounts here can be lower, but on the plus side, they are very quick and easy to use. Typically, a bookmaker may ask new players to open an account, deposit £10.00 and make a qualifying bet at the same figure.

Once that opening bet has been settled, a series of free bet tokens – usually between £20.00 and £30.00 – will be sent back to the account holder. Free bets can also be issued at any time during the life of an account, and are some of the most popular mobile betting offers for existing customers.

Can Free Bets Winnings Be Withdrawn?

With a free bet token, there is unlikely to be any wagering requirements but do check this point under terms and conditions just in case. Therefore, you should be able to withdraw any profits that you make from a free bet.

The important point to note with sports betting bonus offers of this kind is that your stake is not returned with any winnings. Only the profit is paid back into your account, and the amount of the token would be excluded.