As you probably know, one rather popular incentive offered by both online gambling sites as well as online sports betting portals is that of the signup bonus programs. Understandably, this sort of incentive is specifically designed to draw in new customers. While it is certainly true that you can see quite a number of online gambling sites touting the latest technology, the best customer service and that sort of thing, the indisputable reality is that the signup bonus is still the most popular method used to draw in new sports betting fans.
Yet that being said, you must have noticed that the sports betting bonus programs that don’t seem to have the same look and feels as before. That is true. In fact, the fact of the matter is that the signup bonuses you will spot in the various online sports betting portals are not as generous as they were in the not so distant past.
Top Online Sportsbooks in the US
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What You Will Find on This Guide
- Bonus Programs Terms & Conditions
- What are Casino Bonuses?
- Types of Casino Bonus Programs
- Best Sports Betting Apps
- Wagering Requirements
Bonus Programs Terms & Conditions
It turns out that there is a very good reason for this. You see, back in the late ’90s into the early 2000s, seeing 200% signup bonus plans were quite common. Back then, the wagering requirements associated with those signup bonuses were comparatively lower. Remember that the term wagering requirements refer to the actual dollar amounts that the sports bettor would have to wager to earn that signup bonus.
Understandably, this wagering requirement is only ever put in place so that the sportsbook does not end up losing money on the new customer by simply handing over a pile of cash. Yet, even so, the sportsbooks quickly realized that a rather large number of those that were claiming the signup bonus was actually doing so with much smaller deposit amounts than anticipated.
What are Casino Bonuses?
Casino bonus programs are basically promotional offers that provide bettors with free spins or extra money to play gambling games, such as slots and table games. The type of bonus on offer as well as the terms and conditions surrounding the promotion determine how players qualify and what players will receive from casinos.
Generally, the aim of new casino bonus program is to provide players with an incentive to sign up to the casino in question. Players should always be on the look for bonuses on offer at a casino they wish to sign up at before doing so. This will allow them to scope out whether or not they are worthwhile additions to gameplay.
There is a divide in opinions regarding casino bonuses. From where we stand, free casino bonuses can assist in adding hours to your gameplay. They can however also prove to be worthless additions made to your account that just add hours to game sessions as opposed to winnings. Finally, most players would be stupid not to take advantage of new online casino bonuses when signing up at a site.
Understandably, this wagering requirement is only ever put in place so that the sportsbook does not end up losing money on the new customer by simply handing over a pile of cash. Yet, even so, the sportsbooks quickly realized that a rather large number of those that were claiming the signup bonus were actually doing so with much smaller deposit amounts than anticipated.
Types of Casino Bonus Programs
As you may or may not know, there are different types of casino bonus program. The types of bonuses available to American bettors are as follows:
Welcome Bonuses
Also known as sign-up bonuses, Welcome bonuses are some of the most famous bonus casino deposit offers. Players receive these bonuses upon joining a casino and making their first deposit. The biggest welcome bonus casino offers can add thousands of dollars to a player’s account. The one downside of this offer is that it is only available to new players.
No Deposit Bonuses
Some players consider these the best casino bonus offers available at US gambling sites. Essentially, these offers provide players with a small sum of money for free without making any deposit. Thus, with these offers, it is possible for players to win money without having spent any. It is important to note that these offers are very difficult to find and have strict stipulations attached to them.
Loyalty Bonuses
As the name suggests, these code bonus offers are given to players for being loyal to the casino site in question. This means frequently playing your favorite games, and making regular deposits to ensure that the casino knows you appreciate their services.
Free Spin Bonuses
These casino best casino bonuses are often attached to general welcome bonuses. Players are gifted some free spins to use on a particular slot game or any game they wish depending on the terms and conditions of the promotion. Casinos also often use the bonus to promote new games that have been recently added to their catalogue.
Deposit Bonuses
These are bonuses that see players awarded bonus cash on a deposit. Casinos generally match a deposit by a stated percentage. The best deposit bonus offers often match deposits by more than 100%.
Best Sports Betting Apps
There a number of mobile sports betting apps that are available on the internet for American bettors. Gambling operators have created apps that are dedicated to further enhance bettors’ experience. These apps are compatible with the most popular operating system such as Android, Windows Phone, iPhone and iPad users to bet on. With so many apps available, it can be difficult for bettors to decide which app to use. We are here to help you with that. The mobile online sports betting sites we promote are all available on the download and no-download platform.
Wagering Requirements
For example, online sports bettors would deposit something like $50 or whatever the minimum amount to qualify for the signup bonus. Then after wagering a few hundred dollars here and there, these same bettors would almost immediately cash out after claiming the signup bonus cash. Naturally, that is not at all what the sportsbooks had in mind.
As a result, the signup bonus plans in place today are designed to thwart this sort of activity. Nowadays, the fact of the matter is that the type of bonus chasing discussed above is almost impossible. Take, for example, the situation at the top-ranked sports betting portal of TopBet. Note that TopBet offers a 50% signup bonus which maxes out at $250. But get this, to earn that $250 bonus, you will need to deposit $500 and wager $2,500. See the difference?
Bottom line: the signup bonus program from years back are long gone, most likely to never return. All the same, since the majority of sports betting fans are not so much about bonus chasing but are looking for the best sports betting portal, this is a good thing for both sides of the wager.