A signup bonus normally becomes active immediately when you complete your initial deposit. It’s a type of bonus that is commonly provided by all bookies. Many players consider it an essential factor that they take into account before they register with any bookmaker.
Important to note is that while different bookmakers will offer different percentages, there’s always a limit on the total bonus that you can receive. For instance, many online bookmakers will state that they will provide you with a bonus of 100% on registration. However, this bonus cannot exceed €100.
Rather than provide you with a percentage on the first deposit made, some bookmakers will instead choose to award you with a specific cash amount. Also known as the one-off Welcome Bonus, this amount will help you boost the money already present in the account.
It’s a promotion policy that has gained a lot of traction in the last ten years and was implemented by all the top bookmakers. Some still retain it even today. Usually, the policy has fewer restrictions compared to the traditional 100% deposit offer. For instance, the player does not need to make a one hundred per cent sportsbook bonus rollover for them to make a withdrawal.
Free bets also falls under the welcome bonus category and is deemed by some to be the friendliest. The players get awarded a cash amount, that can vary between €5-€10 depending on the initial deposit made. Once awarded, you can then use it to place your bets. However, note that you can only use this sum on specific bets (for instance, some handicaps will exclude over/under or two-way markets such as the Asian Handicap).
The good thing about them is that if you win, you are eligible to make an immediate withdrawal. Some consider it the best bonus that you can get when it comes to sports betting. It’s also quite popular with bookies.
Compared to the other bonus types discussed here, this happens to be the most recent type of promotional offer; and the rules are not complicated. A player is required to use their funds to place a wager (the funds used should not exceed say €30). In case of a loss, the bookmaker replaces the funds. It means the player is only allowed to claim the bonus in the event of a loss. But it does provide a safety net, especially when dealing with bets that are a bit riskier.
What you need to consider before signing up?
- Rollover: Conceivably the most critical factor in any signup bonus. It has a direct impact on the number of times that you can wager your initial deposit and the bonus earned before making a withdrawal. Generally, it varies on the amount you initially deposited, with many bookmakers placing a *3 rollover restriction.
- Minimum Odds: Whenever a free bet is issued, be sure to meet all the criteria before you can place the wager. Note that there are bookmakers who may place some minimum odds restrictions. For instance, a 1.10 odds bet is not deemed as meeting the minimum requirements. Odds will, however, vary from bookmaker to bookmaker.
- Deposit Options: Always take your time to go through the T&Cs governing the bonuses before you proceed to make the first deposit. Bookmakers may choose to offer a bonus when depositing via a particular payment method, e.g., bank transfer or credit card. What this means is that wallets such as Skrill and Neteller, will not be eligible. Therefore, ensure you read all the conditions.
- Markets & Betting Types: As pointed out earlier, you may only use the bonus in specific markets, depending on the policy that the bookmaker has put in place. Often, players are allowed to place bets on markets of their choice before the start of a game. Specific markets are not valid such as the Asian handicap. Details of restrictions will be in the bonus’s terms and conditions.
- Promo Codes: There are instances where the bookmaker will refuse to activate your bonus even after you have completed making your initial deposit. In such cases, you will find that the bookmaker expects you to submit a particular promo code sent to your email address for you to claim the bonus. Once you have the code, proceed to the “offers” section on the bookmaker’s website to activate the bonus and place your wagers.
- E-Mail Activation: You should always take care to make sure that you have signed up using your actual email when signing up on the bookie’s website. It’s not uncommon for the bookmaker to send you an activation email to the address provided. You then have to follow or click on the link included in your email to claim the bonus in question. Email activation promos are typical for Reload Bonus or Loyalty Bonus offers as well.