What to Expect From a Bet Reward Site
What to Expect From a Bet Reward Site
Blog Article
A bet reward site is a regular fixture on the sportsbook landscape. They’re often released as part of a first bet offer or as a standalone promotion. They’re also a regular feature of loyalty and VIP schemes.
Reward credits are earned based on wagering activity and reset annually. All users get access to the Bonus Store, while tier level benefits include special offers, birthday gifts, free Apple and Android devices, and luxury gifts for Elite members.
Signing up
Sign-up bonuses at sportsbooks are a great way to introduce new customers to the online betting experience. These offers typically require a minuscule upfront investment and allow you to build your bankroll through a series of free wagers. Some sportsbooks market these promotions as "insurance," a "safety net," or even a second chance to win. However, these bonus bets are not available for teasers or parlays and must be used before their expiration date, which is reflected on your Rewards page. Sportsbooks also use tier benefits to reward long-time users who place cash wagers. These tier credits aren't cashable, but they can be used to buy things like restaurant and travel discounts or game tickets. The more you earn, the higher your tier status. Unused tier credits also expire after a period of time.
Wagering requirements
Wagering requirements are a key component of most free betting and bonus offers. They safeguard the platform against abuse and ensure that bonus funds and winnings are converted to withdrawable cash balances. They usually require a player to wager a multiple of the bonus amount a specified number of times before the offer expires.
To understand the full impact of wagering requirements, players should always check their key terms and conditions. For example, a deposit match bonus may appear to have a very high wagering requirement (e.g., 20x). This number does not tell the entire story, though. The key is to do the math and determine the contribution rate for each game.
For instance, video poker Betreward and blackjack contribute much less to fulfilling bonus playthrough requirements than slots. This information should be clearly stated in the key Ts and Cs for each game. In addition, some games are excluded from meeting wagering requirements at all.
Withdrawing winnings
If a customer makes a cash wager on a same game parlay and the bet loses, they will receive site credit as part of a promotion. The site credit cannot be withdrawn but it can be used to place additional wagers. Similarly, if a customer places a wager with bonus money and the bet wins, their stake and winnings will be returned as cash but their site credit will remain available for future use. Profit Boosts expire, so customers should check their account page for details about when each reward will run out. Report this page