Bookmaker bonuses are a great opportunity for punters to maximise their odds of winning without the need for additional investment. They can take various forms such as welcome bonuses, deposit bonuses, free bets and cashback bonuses. However, to make the most of these offers, you need to understand how to wager them correctly.
Knowing how to wagering bonuses allows players to maximise their capabilities and improve their odds of achieving a successful outcome. Bookmakers have different conditions and requirements for betting, which may include minimum betting odds, time limits and wagers (turnover requirements). Ignoring or misunderstanding these terms and conditions may result in bonuses going unused or being cancelled.
Understanding bookmaker bonuses
Bookmaker’s offices provide various kinds of bonuses, each of which has its own peculiarities and advantages. Welcome bonuses are one of the most common types and are intended to bring in the new players. They are often a cent of the initial deposit or a fixed amount that a player receives when registering and making their first deposit.
Deposit bonuses are additional funds that a player receives when making a deposit. These bonuses can be offered to both new and regular players. Free bets are another popular type of bonus, where the player gets the possibility to place a bet without using their own funds. In case of a win, the player receives a net profit excluding the amount of the free bet. Cashback bonuses provide players with a refund of part of the lost funds, which reduces the risk of loss and encourages players to continue playing.
Rules and regulations for granting bonus
In order to receive and use bonuses from bookmakers, players must comply with specific terms and rules. One of the key aspects is the wagerer – the requirements for bonus processing. The wagerer refers to the number of times a player must earn back the sum of the bonus or bonus plus deposit before they can withdraw their winnings. For instance, if a punter gets a $100 bonus with a 10x wager, they must wager a total of $1,000 before the funds become available for withdrawal.
Time limits are another important condition to consider. Most bonuses have a certain validity period, during which the player must fulfil all wagering requirements. If the player fails to meet the conditions within the specified period, the bonus and any winnings obtained with its help may be cancelled. Minimum and maximum bets also play an important role in bonus terms and conditions. Some bonuses may require wagers to be placed on certain amounts to be considered as fulfilling the wagering requirements. For example, the minimum bet may be set at $1 and the maximum bet at $50, which limits players’ strategy and needs to be thoroughly wagering planning.
Bonus payout strategy
One of the key aspects of successful bonus wagering is setting a budget. This means that the player must determine in advance the amount of money they are willing to allocate to fulfil the bonus redemption criteria. For example, if a player receives a $100 bonus with a 10x wager, they must wager a total of $1000. Splitting the budget into small bets will help control costs and reduce the likelihood of large losses. For example, if the budget is $200, you can bet $10 each, which will give you the option of doing 20 bets and improve the odds of fulfilling the conditions of the bonus.
Choosing the right bets also plays an important role in the bonus wagering strategy. It is recommended to choose bets with minimal risk and high odds of winning. For example, betting on outcomes with odds between 1.50 and 2.00 are often considered optimal for the purpose of performing wagering requirements. Otherwise, you could use an arbitrage betting strategy to minimise your risk. Arbitrage betting allows you to bet on opposite outcomes at different bookmakers. For example, if one bookmaker offers odds of 1.90 on Team A winning and another offers odds of 2.10 on Team B winning, you can bet on both teams and guarantee a profit.
Betting with minimal risk
Minimal risk bets play an important role in bonus wagering strategy, as they help to reduce the likelihood of losing and improve the odds of succeeding fulfilment of the bonus conditions. The odds on such events are usually in the range of 1.20 to 1.50, which reduces the risks for the player. For example, in football it can be bets on the victory of the leading team against the underdog, especially if the match is held at the home stadium of the leader. In tennis, it could be betting on a high ranked player winning a match against a less experienced opponent.
Examples of low-risk bets include betting on clear favourites to win a football match, such as Manchester City winning against a team from the bottom of the Premier League table at odds of 1.30. Another example is betting on top tennis players such as Novak Djokovic or Rafael Nadal to win the first rounds of tournaments against lesser known players at odds of around 1.20. In addition, betting on the under or over total (e.g. over 0.5 goals in a match) can also be considered low risk bets, especially when it comes to matches with a high probability of a result.
Use of cashback bonuses
Cashback bonuses offer players the opportunity to get back some of the money they lost, which reduces the overall risk and makes the game safer. Proper utilisation of cashback bonuses can greatly enhance betting performance and improve overall results. It is it is essential to be careful research the terms and conditions of the cashback to understand which bets and under what conditions are counted for the calculation of the refund. For example, some bookmakers refund a certain percentage of lost bets, usually between 5% and 15%, on a weekly or monthly basis.
An example of an effective use of cashback bonuses is a strategy of spreading bets across different events based on perceived risks. For example, if a player knows that he will receive a 10% cashback on all lost bets for the week, he can use this information to increase his gambling activity. In the event that the total volume of bets for the week is $1000 and the player loses $300, he will receive $30 in cashback. These returned funds can be used for additional bets, which increases the odds of a win situation without the need to make new deposits.