The minute details of the online gambling world, such as sign up bonuses, can be challenging to understand, especially if someone is just starting out. Online casinos and sportsbooks can be quite overwhelming as well, with all those bright colors, flashing images, pop-ups, and sometimes even scantily clad women all over your screen.
They try their best to emulate Las Vegas, to bring that fantastic experience right to your computer screen. Sure, online casinos are far from the real thing. Nothing can beat the experience of playing blackjack with real chips at a land casino, with a group of people and dealer you can actually see. Tangibility has its perks, but so does virtual reality.
One of the most significant advantages of using online gambling websites is bonuses. Bonuses are a smart marketing trick utilized by online casinos and sportsbooks to make sure people bet with them, and not their competitors. There are several bonuses that you will come across, with one of the most common, sign up bonus.
What is sign up bonus?
A sign up bonus is a reward given to new customers once they register or when they make the first deposit. There are various types of sign up bonuses. Sometimes, the online gambling site may offer a percentage of your initial deposit or a fixed sum of money. More often than not, most betting websites give their punter a 100% sign up bonus.
This means that if you deposit $100, you will receive a bonus amount of a $100. This gives you an advantage because you are starting off with a bigger bankroll, and you can place a more massive bet, and your payout will be bigger too.
This also substantially reduces the risk involved. You could even receive points that could be used to make a wager, or a free bet or two. Apart from a cash bonus, online casinos may give you a couple of free spins.
Now that you’ve registered with a bookmaker and know what a sign up bonus is, here are a couple of ways to use it efficiently to make sure that you get the most value from your bonus. As reported in several cases and in the Guardian, you can make a lot on a bonus or free bet.
How to make the best of your sign up bonus?
Most punters are afraid to take risks, especially if they have little to no experience in betting. They tend to make safe bets on options that have low odds, to increase their chances of making a profit.
1. Claim your bonus
This may seem like a no brainer, but be sure to claim your bonus as soon as you can.
2. Bet on low odds
This is a safe, relatively risk-free way of using your sign up bonus. You can split your bonus across multiple bets with low odds, which means that you will have a high chance of winning. This way, you are guaranteed to make a profit.
3. Bet with different books
This is a common strategy, called arbitrage betting. It involves making multiple bets on all the outcomes of a particular event with numerous bookmakers, in such a way that a profit will be ensured.
You can use your bonus while betting with a bookmaker on one result, then place a bet on a different result with another bookmaker with no more than half your initial stake. You can also see tips to win football bets.
4. Bet on high odds
The higher the odds, the lesser the chance of that outcome occurring, which means that it is a high-risk betting situation. But this also means that is you win, your payout will be high. But since you have your bonus money, you can afford to take risks.