Free Bets: a Peculiar Aspect of the Online Betting Industry

Online betting has a lot of differences compared to an offline one. Alongside the absence of possible time limitations, we can state that various free bets are one of the most peculiar things if we talk of the online betting industry. Also known as bookmakers offers or bonuses, this betting phenomenon is heavily advertised almost by every online bookmaker in order to allure more and more gamblers from the whole world. From the very beginning, we must say that some free bets are worth studying, while others are a complete waste of time and money. So, the article will help you hunt down the given issue.

The first thing that needs to be understood by every gambler is that there is no such thing as a free lunch. As for the bonuses, it is extremely important to read carefully all the details or requirements concerning every special offer. The fact here is that some bonuses are offered just for opening an account, while others can be achieved only if you meet certain conditions. Moreover, there are a lot of hidden rocks that are designed in order to prevent you from obtaining your money back. That is why professional punters recommend reading the fine print very carefully in order to completely understand what you are chasing.

Popular betting bonuses

1. New account bonuses;
2. Deposit bonuses; and
3. Scheme bonuses.

New account bonuses are said to be the most common bonuses offered by online bookmakers and betting exchanges. From its name, it must be clear that the bonus can be obtained after you register with one of those betting establishments mentioned above. Among other matters, it means that you may obtain only one bonus per bookmaker. However, there are also such bettors who try to create multiple accounts with the same bookmaker in order to obtain the same bonus several times. This approach is quite risky because online bookmakers employ the special software to identify such “newbies”. Once found, all their accounts are banned.

The next type of special offers is the deposit bonus that can be earned after you deposit money into your account. Some bookmakers offer stable bonuses by providing gamblers with extra 5%-10% of the amount deposited, while others grant bonuses only if punters’ deposits are more than a certain figure. The most popular value here is $100. On the other hand, there are also online bookmakers offering these bonuses if you deposit less than the figure is.

The third type is represented by various scheme bonuses. These are the bonuses that can be obtained by punters if they meet certain requirements stipulated by a bookmaker. These requirements, for example, can be to stake the total of higher than $100 on women’s volleyball or to spend a certain amount of money on a certain type of bets. It should be mentioned at once here that these bonuses are extremely small.

Conclusion

The article has just presented the most popular and the most requested betting bonuses. Of course, there are much more kinds of special offers that were not covered here. The truth here is that bookmakers are always trying design new and more interesting promotions in order to be better than their rivals are. With this in mind, gamblers should not chase new bonuses as soon as they appear. The best strategy here is to choose 1-3 bookmakers to deal with and constantly utilize their promotions.