Sports betting bonuses are a part of the industry that many players do not fully understand as well as they should. Many bettors simply want to get their deposit bonus and move on with their wagering, while others may play at several different books before deciding where they want to make their sportsbook home.
No matter what situation you fall into, it is essential that you know how sports betting bonuses work and what you can expect from each book. The fact of the matter is every online bookmaker, including vwinhas slightly (or drastically) different rules when it comes to signing up for a promotion along with your real money account.
To ensure that you get the best possible experience while placing bets online, we recommend doing plenty of research before making any deposits at an unknown sportsbook. In this guide, we’re going to look at the key knowledge you need to have to ensure that you can use bonuses to your advantage.
What Does Play-Through Mean?
Before you receive any type of online sports betting bonus, you should know what play-through means. The play-through requirement is the wagering amount that needs to be generated before a player can withdraw their winnings gained from the deposit promotion.
This is mainly used as a way to prevent abuse of promotions by bookmakers; however, it does not mean that non-forfeiting bonuses are never available.
Each individual book will have different rules when it comes to their play-through requirements, which is why it pays to do some research before making your first deposit.
Restrictions and Time Limits on Rollover Bonuses
As mentioned above, play-through can be a tedious process. This is especially true when it comes to rollover bonuses since you need to make bets with the book’s money along with your own personal funds.
In some cases, this may take several days or even weeks before the sportsbook can honor a withdrawal request. Some gambling sites will also have strict rollover rules that must be completed within a specific time frame, while others may allow players to generate winnings from free bets over an extended period of time.
There are so many different restrictions that come into play for these types of promotions that we recommend doing some research prior to signing up at a new sportsbook.
What if I do not want the bonus?
Many bettors think that the only way to get around any restrictions and limitations of a bonus is to decline it. This is not always the case though, so you should always check into the fine print before making your choice. Many bookmakers will actually give players an alternative option if they choose not to accept or want to forfeit their free bets at the time of account opening.
If this is something that interests you, then simply take your time reading through all the rules associated with each offer. Alternatively, using the online chat option can be a quick way to check with a representative exactly what your options are when it comes to accepting or declining bonuses.
What are Wagering Requirements?
Wagering requirements are just as important as play-through limits when claiming deposit bonuses. They are essentially stakes assigned by sportsbooks in order for players to meet rollover numbers, although there are some caveats that come into play when discussing this topic.
Wagering requirements often include individual parlay bets (multiple teams) that players must place in order to receive payment. Once again, it is important to note how each sportsbook operates when it comes to wagering requirements and setting up free bets.
What Does Minimum Bet Mean?
When you hear the term minimum bet, most people assume that the limitation only applies to real money betting. This may be true, but not always so if a sign-up bonus is being discussed. Some gambling sites require a certain amount of time before assigning stakes on free bets, which can also be used as a way to determine play-through numbers.
If this sounds confusing, then simply sit down and read over all applicable terms before signing up for an account with a new book. It’s often helpful to make notes of the key information to be sure you understand exactly what’s required before leaping in with your first bet.
If that’s not enough, some sports books have additional requirements that you need to be aware of. These can include –
- Not being able to make a withdrawal within 30 days of signing up for the bonus promotion
- Restricting eligibility to specific sports or games. A common restriction is for only bets on horse racing and casino to count towards bonus eligibility
- You may only be allowed to have one bonus in play at any one time. That means you need to either complete or close a bonus before you can claim another.
- If you’re making multiple bets, then you will probably find that at least one of your selections will need to have odds that are at least 1.50 (1/2). If they’re not, then those bets will probably not count towards the bonus requirements.
Our Top Five Reminders
- Wagering requirements must be met after accepting bonuses in order to receive payment
- Please keep in mind that play-through limits may prevent you from claiming available funds at any time
- Read over all fine print prior to signing up as terms and conditions can vary from book to book
- Always check into wagering requirements if unsure how the sportsbook operates with promotional offers
- Feel free to decline bonuses