An Introduction to Online Betting Offers
Anyone who has spent any length of time browsing a sports betting site would know that there are any number of promotions and special offers running concurrently.
In a world where such sites abound, it’s only to be expected that sites would try attracting punters by running such online betting offers. The problem it, it can all become a bit confusing, and punters may find themselves torn between two, three, or more sites or offers.
Making the correct choice can be easier if punters understand the basic mechanics of these offers, and what they entail. That way, finding the best betting offers suitable for individual requirements becomes something that can be done quickly and with a minimum of fuss, so punters can get on with wagering on their favourite teams or athletes.
Deposit Match Online Betting Offers
The first of the two most common online betting offers punters will find are those that fall into the Deposit Match category.
In such offers, online bookmakers offer to match a percentage of punters’ deposits with bonus money or an equivalent number of bets. If punters do not already have an account at the site, they will be required to open one, and then fund it, prior to receiving the bonus money or bets.
Reputable sites offer data encryption technology-secured banking services that accept a range of payment methods such as bank transfer, debit and credit cards, e-wallets, and prepaid vouchers.
No Deposit Free Bet Offers
The second of the two most common online betting offers made are those that fall into the No Deposit category. These are often described as Free Bet offers.
Usually made as Welcome or Try Us Out offers, these usually require punters to first open accounts. However, they will not be required to first make a real money deposit.
They will receive the specified number of bets or amount of bonus money on signing up. If punters’ bets win, and they wish to collect their winnings, or if they wish to continue betting once they have used up the bonus, they will be required to make a deposit.
Tournament-Specific Offers and Loyalty Clubs
Some online betting offers made by sports betting sites are linked to specific tournaments, or to their loyalty clubs.
In the case of tournament or event-specific offers, they tend to also be either Deposit Match or No Deposit offers, but may come with various limitations, so punters should ensure they always read the terms and conditions of those promotions.
In the case of loyalty clubs, those are usually run on a points-based system.
The online bookmakers award punters with loyalty points with every real money bet they place. When punters accumulate enough points, they can be exchanged for various rewards, which sometimes include special online betting offers.
Markets for Online Betting Offers
On the whole, the majority of online betting offers punters will come across are not limited to specific markets. Rather, they can be used on many, if not all, of the often hundreds of markets available at the sites.
These would include major sporting codes such as cricket, rugby, soccer, tennis, golf, cycling, swimming, American football, field hockey, ice hockey, and basketball, as well as other codes such as darts, boxing, surfing, and yachting.
There are even novelty markets available, which usually include political election betting, financial market betting, and entertainment industry betting.