Betting Bonuses: What Is Betting?
The term “betting” is no longer new to people. It is now an almost worldwide activity that individuals realise their dream in terms of monetary value. Betting refers to the practice of staking some amount of money, material, or other kind of possession. This is done on the result of an event like a game or race.
Furthermore, Betting is the participation in or engagement in games of chance for an amount of money. Bettors take a chance on the outcome of an event and stand to lose something if their wager is unsuccessful. However, they also have a chance to win something in the process. If their bets are successful, they will typically recoup more than their initial investment.
Betting is as old as time itself. Since the beginning of recorded history, people all over the world have placed wagers on the results of various events. In Mesopotamia, dice with six sides were used around the year 3000 B.C., which is equivalent to 5000 years ago.
There are hundreds of different kinds of betting. First, there is sports betting, which is the centre of focus for our site. There are games that are played in casinos; others are played in arcades and computerized games.
When playing card games like Poker, Baccarat, and Blackjack, betting is standard practice for most players. Non-casino games include things like bingo and lotteries. Gamers play these games outside the walls of casinos.
Betting vs Gambling
One big question has been rambling on the minds of punters to which the answer is subjective. The big question is about the difference between betting and gambling. Questions like “Is betting the same thing as gambling”?, or “Am I gambling when betting”? has caused a lot of debate among punters.
Our View
At Betting Tips Africa, we believe that a person who places a stake in a bet, better known as a “bettor,” has a greater grasp of what might happen in a betting situation. Gamblers, on the other hand, usually do not have any idea of what could happen. To put it another way, gambling is based solely on chance, whereas betting might benefit from careful consideration of the odds and statistics.
Let us take two examples in this regard. Firstly, if you bet on horses, a bettor might research the historical results of the horses, riders, and trainers in order to improve his chances of winning.
The bettor can also determine the kind of terrain and riding pattern that each horse is most comfortable with. In many cases, there are horses that perform better on softer landscapes. Therefore, if it has been raining recently, there is a better chance that such a horse will be successful. Other horses, however, prefer harder terrain and would perform better if the land is dry and hard.
Secondly, a bettor can use statistics and recent performance ratings to gain an advantage when betting on a football game. Such bettors can research the form rating of a team, if such a team performs better in home or away conditions, or if key players are absent before staking on the match. This gives the bettor an added advantage in making profits via successful bets.
However, when gamblers gamble, they have no way of knowing how the game will turn out. They also have almost zero opportunities to improve their chances to win at the game. For example, a gambler who goes to a casino has zero idea of the next number to be displayed on the roulette wheel.
Betting Bonuses: What Is Online Betting?
Online betting refers to any form of betting or gambling that is done over the Internet. Online betting is a possibility as a result of the expansion of the gambling industry onto the internet. In the past, the gambling industry was highly traditional, and the only method to gamble was to go to the casinos themselves.
Today, however, the gambling industry has grown onto the internet with the help of the huge technological advancements that have taken place globally. Online betting came into place to increase profits and make the lives of those who enjoy betting more convenient.
In the 1990s, there were only a few gambling websites as it started gaining weight. However, this number increased very well a few years later. As time passed, the online betting industry grew more prominent and changed as a result of technological advancements. Individuals can now participate in gaming at online platforms, which include sports betting sites, virtual poker rooms, casinos, and live dealer casinos.
Nowadays, online betting is very popular in many countries because punters are able to easily place their wagers from the comfort of their own homes. They can also do this with any device of their choice that can connect to the internet (Mobile phones, PCs, Macs, Tablets etc).
Licensing
Online betting is restricted or outright prohibited in some select regions. On the other hand, it is lawful to engage in online betting in a number of states and provinces around the world. Africa is one of the regions where online betting is legally accepted.
To operate in many legal markets, such as Africa, online betting service providers are needed by law to hold some kind of license to provide their services to residents. Some of the licensing organisations include the United Kingdom Gambling Commission or the Curacao gaming license, as well as local ones.
You can check out our African Betting Regions and their licensing here. We have full details on licensing and regulation in African countries like Nigeria, Ghana, Kenya, South Africa, Uganda, and Tanzania. It is quite important for bettors to familiarise themselves with them.
Betting Bonuses: What Are Online Betting Aims?
Betting Aims are the motivation a punter possesses before proceeding to bet. People who participate in online betting are the everyday people you see from different walks of life. The decision to participate in online betting is open to everybody; however, not everyone who does so has the same goals in mind when betting.
People who bet online do so for a variety of reasons. The most common reason is that they want to add some excitement to their day by placing a wager on their favorite league or club. It may be the illustrious English Premier League, but it could also be the German Bundesliga, the Spanish La Liga, or the Italian Serie A.
The second category of people who engage in online betting are those that have one primary objective in mind, and that is to WIN. This particular group of players is simply focused on finding ways and means to successfully bet on gaming sites. If the odds are in their favour, they intend to make it their primary source of income in the long run.
This group of people may be preoccupied with the most prestigious leagues in Europe, including the English Premier League, the German Bundesliga, and the Italian Serie A. At the same time, they may also concentrate on leagues that aren’t as well known, such as the Ukrainian League, the Serbian League, or any other one.
They may also dabble into other kinds of betting like casino games, ToTo betting, aviator, and many others. This is due to the fact that the main focus of their attention is on different ways that they might profit from their bets and not preferences for any game or league.
What Are Betting Bonuses?
When it comes to betting, one of the most significant benefits of doing so online is the availability of bonuses and incentives. These benefits were not previously offered by traditional betting shops. Nowadays, the majority of online sportsbooks and gambling platforms include a promotional component known as betting bonuses or betting offers.
These bonuses are made to customers of a sportsbook website to get new users to sign up on the site or to keep old users coming back. Another aim of these offers is to win the loyalty of every customer on the platform.
Betting bonuses come from betting platforms in a variety of ways. These ways could include cash bonuses for signing up, loyalty bonuses, first deposit bonuses, boost offers as well as free bets, and many more. The betting bonuses come in a huge variety of types and amounts. Gamers who possess the appropriate bonus information can make the whole betting experience even more exciting for themselves.
This is why we encourage punters to understand the intricacies of their preferred Sportsbooks. On Betting Tips Africa, we have the most comprehensive Bookie reviews that contain all the information needed to gain an advantage when betting.
Types Of Betting Bonuses
There are numerous types of betting bonuses out there. Some of them will be discussed below for the understanding of our esteemed readers.
Deposit Bonuses
The deposit bonus is consistently voted around the world as one of the most appealing types of betting bonuses. As the name implies, a deposit bonus is only given after a punter deposits his first payment into his Bookie account. This means that after registering for an account on a betting website and making your initial payment, you may be eligible to get a cash bonus if this promotion is available.
However, in most cases, you must have agreed to take advantage of this special deal from your registration page. The goal for welcome bonuses is to get more people to sign up and start using betting platforms.
Gamers may need to use a required deposit method in order to receive the bonus. In most situations, the bonus is awarded automatically upon registration. However, sometimes a promo code is required to redeem the bonus.
The Deposit Match Bonus
The deposit match bonus is one of the most popular types of deposit bonuses. This is a bonus where the free cash amount is equal to the amount you deposit, up to a maximum.
For example, the bookmaker might offer a bonus equal to 100% of the initial deposit, up to a maximum of €500. So, in this case, you will receive an additional €50 in your account if you make a deposit of €50. This indicates that you will now have €100 in your bankroll. If you then decide to deposit €500, you will receive an additional €500.
However, if you deposit more than €500, you will only be able to receive the deposit match of only €500. When you have a larger bankroll, not only are you able to place more bets, but you also increase your chances of winning more money.
No-Deposit Betting Bonuses
As the name implies, these kinds of bonuses do not require a gamer to make a deposit before receiving them. A no deposit betting bonus is a gamer’s best option if he or she wants to test out a betting website without risking any of their own money in the process.
This is a betting bonus in which gamers can obtain free cash or free bets simply for signing up on the platform. This betting bonus does not require an initial deposit, so it typically comes with smaller amounts than those that require deposits.
On the other hand, gamers will have the opportunity to test out a variety of games, as previously mentioned, without having to spend their own money.
Free Bets
The majority of online betting sites, including bookmakers, usually include free bets as part of the welcome bonus package that they offer. In many cases, punters have the option of receiving additional free bets after signing up and making a deposit. This is in addition to receiving the usual cash bonus.
The wagering requirements for free bets are quite easier in most instances. However, in order to take advantage of the bonus fully, a minimum deposit may be required. For example, punters might receive an offer to make a deposit of €10 in order to activate free bets with a value of €30.
Free Spins
These types of betting bonuses are mostly used in an online casino. Spinners like slot game enthusiasts are mostly excited if they receive free spins as either a part of or the entirety of their welcome bonus.
Bonuses of this nature are usually only valid for a specific number of games. Also, it may only be used on games that come from a single developer. Our experts at Betting Tips Africa recommends that gamers remember to check the terms and conditions of all bonuses. Free bets usually have a brief redemption period, which is typically a matter of days.
Cashback Bonuses
When gaming or punting at your favourite Bookie, keep in mind that there is a chance that you will win. At the same time, remember that there is also a chance that you will lose. Cashback Bonuses are created with the specific intention of easing the financial burden on punters caused by losses.
The cashback betting bonuses prevent players from being disheartened by their losses and encourage them to continue playing on the platform. Online betting sites usually payout cashback often. Mostly on a daily, weekly, or monthly basis, depending on how often they are triggered.
However, you cannot expect them to pay for all of your losses despite their huge usefulness. This is because cashbacks normally cover between 20% and 30% of the overall loss a gamer has incurred. Before requesting the cashback bonus credit, it is highly recommended that you get yourself acquainted with the wagering requirements that are associated with it.
Referral Betting Bonuses
Existing players at a Sportsbook or even casino are usually rewarded with referral bonuses if they are successful in inviting new players to the platform. To put it another way, Bookies that offer referral bonuses will reward gamers with a bonus each time they make use of your link to recruit a new player who subsequently makes a deposit.
Referral bonuses have a lot of benefits for every bookmaker. They are an essential component in expanding a Bookie’s customer base, maintaining relationships with existing punters, and attracting new punters.
Loyalty Bonus
Punters that use a betting platform (Sportsbooks, casinos, poker rooms, or more) on a regular basis are rewarded repeatedly through a programme known as the loyalty programme. These betting bonuses have a reward called a “loyalty bonus.”
In most cases, a player will become eligible for one of these rewards if they have reached a particular benchmark while playing their game of choice at the Bookie or casino. In some cases, the bookmaker might invite you to join their exclusive VIP club.
It is imperative to know that the basic bonuses do not come close to matching the value of the VIP or loyalty benefits. Some of the advantages of these bonuses include less wagering limits, which will enable you to pay out your winnings more rapidly.
Reload Bonuses
Reload bonuses are quite useful in many ways and can be compared to sign-up bonuses. On a reload bonuses payout day of the week, you may receive 30 or 40 percent of your investment. However, it is highly unlikely that they will cover the entire amount.
At online betting sites, reload bonuses are only available to old customers who have played on the platform before and made a deposit. Reload bonuses are a perk for returning players, not for new players, and it assists the bookie in maintaining consumers who play for real money.
Reward Multipliers
A number of online betting sites offer betting bonuses known as multipliers as a means of luring new customers and promoting previously released games. These prizes, which multiply a player’s profits, are typically only accessible for a predetermined period of time and only boost a player’s earnings during that period.
How Gamers Can Win More With Betting Bonuses
There are numerous types of betting bonuses out there. However, you, as a punter, need to know which of them is beneficial to your needs. Not all bonuses will suit your needs, so you will need to learn about them and be careful. Below are ways gamers can use their betting bonuses to win more on their favourite Bookie or casino platforms.
Know The Types Of Betting Bonuses That Are Available
It’s possible that you’ll run into a lot of distinct kind of betting bonuses during your time online. That is why you have to know the type of bonus you are being offered and how to use it.
You have to think about how the bonus will change the way you approach your betting. If you want to make the most out of the money you win, you should probably bet greater amounts so that you can meet the conditions for the bonus more quickly.
This will help you make the most money possible. If, on the other hand, you are attempting to cut down on your losses as much as possible, you should consider placing smaller bets so that you don’t put too much of your own money in danger.
The deposit bonus is by far the most common type of bonus, and it is the one in which you will earn a bonus that is proportional to the amount that you deposit into your account.
There are also free bet bonuses and reload bonuses, both of which are designed to encourage you to continue using a certain bookie. Free bet bonuses allow you the opportunity to place a wager without risking any of your own money, while reload bonuses provide you an incentive to continue using the site.
When placing a wager, you should always check to see if there are any accessible promotional codes so that you can unlock unique bonuses.
Review The Bonus Percentage And The Maximum Amount
Another thing that you need to do is look at the bonus percentage and the maximum amount of bonus money available. The majority of Sportsbooks and casinos provide a match bonus of up to 100% on your first deposit.
However, a few of these betting platforms offer bonuses of 150% or 200% of your initial deposit. Also, there is a wide range of maximum amounts available, ranging from €50 or €150 to an unlimited bonus amount at some Sportsbooks.
After the maximum bonus and bonus percentage are taken into consideration, gamers can now calculate the ideal amount of initial deposit that will provide optimal performance.
For example, if you are presented with a bonus percentage of 150% and a maximum bonus of €150, your best initial deposit of optimal performance is €100. You will be getting a total bankroll of €100 deposit + €150 bonus = €250.
Always Check Out The Bonus Terms And Conditions Regarding Wagering Requirements
This is one of the most significant steps to take when planning on using your Sportsbook’s betting bonuses. It is also known as playthrough requirements. However, rather tragically, a lot of people who play at online betting platforms forget to take this important step seriously. As a punter, you are obligated to read through the bonus terms and conditions in order to familiarize yourself with the wagering requirements.
Before betting bonuses cash can ever be converted into actual money that can be cashed out, it must first be wagered a predetermined number of times. Most Sportsbooks and casinos often set the wagering requirements to anywhere between 25 and 50 times the amount of the bonus.
Bookmakers do this so that gamers will not simply sign up to the platform and just withdraw the bonus money before leaving. A method like this will leave the bookie with a deficit. Before claiming any of the numerous betting bonuses available, it is essential to familiarize yourself with the terms and conditions associated with that offer.
This will allow you to have a better understanding of what you must do in order to fulfill the requirements of the bonus. If you fail to do so, you run the risk of not being able to withdraw your winnings and potentially having your account suspended as a result.
Check Out How Games Contribute To The Wagering Requirements
It’s important to note that not every game or league at your Sportsbook contributes the same amount toward meeting the bonus wagering requirements. At several online betting sites, certain games or leagues don’t even contribute any points at all.
The vast majority of top leagues like the English Premier League, the Spanish La Liga, the Bundesliga, the Serie A, and the Ligue 1 contribute greatly to meeting the requirements. However, certain leagues (typically the lesser rated ones) may contribute far less or nothing at all.
For casinos, games like slots contribute greatly, while the likes of blackjack, roulette, and video poker always contribute a percentage that is smaller.
The contribution ratios vary from one betting platform to the next, so it’s important to make sure. It’s entirely possible to waste an infinite amount of bonus funds without ever achieving any meaningful results.
The bonus terms and conditions will list the percentages of games that will count toward the bonus. This is why it’s important to check. Take your money elsewhere if the betting bonuses terms are absent or ambiguous.
Avoid Being A “Bonus Abuser” Or “Advantage Player.”
Bookmakers will go to tremendous lengths to attract and retain new clients. However, Sportsbooks do not like or want bonus abusers at all. Bookies want a fair chance of taking back your bonus. Just like you would prefer a reasonable chance of cashing out your bonus.
Bookies have introduced stricter regulations to deter players who might take advantage of bonus offers fraudulently. One such regulation is that gamers cannot exceed the maximum stake while playing with bonus money.
Keep In Mind That You Have The Right To Decline A Bonus
You should know that you are under no obligation to take any particular bonus from your Bookie. Not accepting bonuses is an option if you’d rather keep your deposit money in your own hands. You can also do this to avoid the inconvenience of meeting wagering requirements.
If you do not wish to accept any bonus, you may be able to (un)check a box during the registration or deposit process. Sometimes, you may need to contact the support staff before you begin playing so they can cancel any betting bonuses you have.
Don’t Let The Betting Bonuses Be Your Sole Reason For Playing At A Sportsbook Or Casino
There is always a potential that you will hit it big after making your initial deposit and claiming your available betting bonuses. At this point, you will want to cash out your winnings. Nothing is more disheartening than reaching the withdrawal limit on bonus earnings only to find out that you cannot withdraw anymore.
The worst part is to find out that the Bookie is unreliable and requires you to go through a number of unreasonable steps before they pay you if they pay you at all. Sportsbook betting bonuses need consideration while picking an online betting platform but shouldn’t be the determining decision.
Are Betting Bonuses Worth It?
This is subjective. However, betting bonuses are quite worth it if punters understand them and put them to good use. Betting bonuses have a lot of advantages, and we have outlined a bit of these advantages below;
Helps Punters Adjust To New Feel For The New Surroundings
Newcomers to a Bookie can gain a head start with the help of betting bonuses. This gives them breathing room to familiarise themselves with the basics of the game and the platform’s layout. Sportsbooks subconsciously train prospective customers to believe their facility is the finest place to bet, play, and possibly win.
Each betting platform has its own bonus policies. So, it’s important to familiarise yourself with them before taking advantage of any bonus offer or promotion. Read our bookie reviews to get more information on any Bookie.
Gives Flexibility For Trying Out New Games
Online betting sites offer a wide variety of games. These sites add more games from time to time. Gamers face a daunting task trying their luck at every game that’s offered while wagering actual cash. In this case, raises and promotions are really helpful. When a Bookie or casino launches a brand-new market or game, it sometimes offers betting bonuses to encourage customers to give it a try.
Also, as online betting sites provide a wide selection of games, it’s plausible that playing the same game repeatedly would get boring. Betting bonuses will allow punters to try out brand-new games, which would be thrilling.
Increase Of Profits
Depending on the Sportsbook’s policies, regular customers may be eligible for a range of perks. For instance, if punters fulfill a certain playthrough criteria, they may receive free bets or cash awards. Also, a new bonus may be unlocked every time you make a successful transaction with the platform. The sum of these factors boosts a player’s potential earnings over time.
This means that the more money and effort you put into betting, the more money and success you’ll have as a result of betting bonuses. Betting sites offer these extras to their customers to keep them pleased. They also do this to increase the frequency and size of their wins.
Reducing The Probability Of Potential Loss
In the online betting world, punters may have to follow a different set of guidelines. However, it’s important to remember that all guidelines stem from the fundamental concept that “you either win or lose.”
On the other hand, human nature tells us that increasing our bets increases our odds of success. Of course, this is true, but you have to note that your odds of losing also increase simultaneously. With bonuses, you can recoup some of your losses and use the rest to place another bet. This additional wager could be the game-changer that makes up for everything else.
Who Is Eligible For Betting Bonuses Offers?
So far, you are of the required age and are within the borders of where your preferred Bookie is legally backed, you are eligible for getting betting bonus offers from your Bookie. However, these offers may come with different requirements or terms as previously stated before you qualify for their usage or withdrawal.
