There are lots of sports covered in online sportsbooks, and there are different kinds of bets bettors can place. They can bet on the winner, the loser, the number of goals or points scored and so on. The array of bets is wide, and so is the selection of bonuses. Welcome bonus offers are the norm for any sportsbook as they welcome the player into the fold. But there’s a variety of bonuses available out there, such as the bet 10 get 30 bonus and even matched deposit offers. In this article we’ll go over that kind of offer in detail, so you’ll understand it better the next time you see it.
This kind of bonus is one of the most common betting deposit bonuses available in an online sportsbook and it’s pretty straightforward. This kind of bonus gives you a certain percentage to match your initial deposit value. This is best illustrated by an example.
Let’s say you run into a 100% matched bonus. It will have a minimum deposit amount you’ll need to apply to get it. Let’s say it’s £10 and when you deposit that amount you’ll get the 100% bonus. In other words, 10 x 100 is £1,000 total. But this kind of bonus will come with a capped amount of wins and those might be £100. In addition, you can expect some wagering requirements too.
Once you fulfil them and the bet is successful then you’ll get the capped amount of wins. So, you might deposit £100, but if all goes well you’ll still get £100 max in winnings. But this is just one example, you might come across a 50% bonus and some sportsbooks may even offer a 200% matched bonus. It depends on the bookie and higher bonuses will mean higher rewards, but you’ll also get tougher wagering requirements. That’s why it’s a good idea to get an in-depth view of this offer.
Different online sportsbooks will offer different matched deposit bonuses, but what they have in common are terms and conditions. Regardless of the bonus, you’ll need to make a deposit to activate it. Each matched bonus will have a minimum amount required to activate it. Naturally, you’re not tied to this amount and you can deposit more if you want to.
Moreover, this offer will come with a max bonus amount that you can use or withdraw once you apply for the bonus. This is calculated by multiplying the deposit by the turnover requirement which is the percentage that the bonus comes with. As these are bonus offers there will be wagering requirements you’ll need to complete so you can get your winnings or the bonus amount, depending on the offer.
You also need to know that betting deposit offers won’t be around forever. In other words, you’ll have a timeframe that you need to complete the wagering requirements. Sometimes you’ll have 14 days to do so other times more and sometimes less. As mentioned before, it all depends on the bonus. Finally, you’ll need a payment method to make a deposit and with certain offers, you’ll be limited to particular methods. There might be other terms and conditions unique to each bonus, which is why you’ll need to go over them.
As mentioned at the beginning of this article, there is a variety of betting offers. Besides the matched deposit offers you’ll get the bet x get y offers, for example bet £10 get £30 free bets. This offer will have you deposit a minimum amount and get a certain amount of bet money. It can be split into smaller amounts or one big chunk.
Matched deposits also require you to make a deposit but they come with a certain percentage as well as a capped amount of wins you can get. The downside of both bonuses is that they come with wagering requirements that you must complete. In the end, it all comes down to what you’re looking for. Always go for the bonus offer with lower requirements. It may not bring you a big reward, but at least you won’t be in a hassle to complete the conditions.
Now that you know about matched deposit bonuses, you might be looking for one such offer. You’ll find many sportsbooks offering this kind of welcome bonuses as it’s a common one. To help you in your search, we’ve done some digging and came up with 3 offers that are right up your alley. Here they are:
this is an offer that will give you up to £50 bonus money on a bet of your choice. You’ll need to deposit at least £15 to activate this bonus and use the code PLAY50 to trigger it. If you’re looking to get the max of £50 then you’ll need a deposit of at least £100. The deposit needs to be done via Neteller, Skrill or Euteller. Finally, the deposit and bonus need to be wagered 5x on single bets or settled combo bets. The odds of the former need to be a minimum of 1.80 and for the latter 1.40.
This betting app offers a £20 free bet offer once you deposit £20. You can activate it by depositing the said amount. Then you’ll need to wager it 5x on at least 3 legs, and minimum odds of 1.5 per selection. The requirements need to be completed within 90 days. It’s also worth noting that neither Neteller nor Skrill are to be used for making a deposit. You can also activate this bonus via the promo code BONUS20.
The matched deposit bonus is one of the most common ones around. This bonus will come in many forms and some of them will be better suited to your needs than others. Before you go for any offer make sure to read the terms and conditions as they will tell you all you need to know about the bonus.
The wagering requirements are key to completing a bonus and so go over that section carefully. Also, don’t stick to one site. You can review the top 3 offers mentioned in this article or go for any other ones that suit you better.
The deposit bonus percentage can vary between 50% and 100%, but there are bookies that will offer a 200% deposit bonus. These are high deposit bonuses and they come with complex wagering requirements.
Match deposit bonuses come in all shapes and sizes which means some offers will be better than others. The better offers are certainly worth your while.