Sports Betting Bonus Types that a Bookie Can Offer
When it comes to attracting new players, one of the things books can do is offer bonuses. Although they have different names, there are three main sports betting bonus types. They are money back, cash signup, and free bet bonuses.
When you open a sportsbook, it is vital to know how to get new players. You need to understand how each bonus works. That way, you can optimize them to attract new people. In this tutorial, we’ll provide you with details of each bonus and what you can offer to your players.
Sports Betting Bonus Types
The first bonus is the free bet. You can offer this type of sports betting bonus on a specific deposit amount. When the player deposits on your sportsbook, the person can place a free bet. If the wager wins, the player gets a net winning. However, the player loses nothing. When you offer free bets, make sure you make the terms and conditions clear. That way, players know what to expect when they use the bonus.
The second type of bonus is money back, which is also known as a win-win bet. You return the amount wagered when the player loses. Although the bonus doesn’t have any direct betting requirements, it comes with some nuances. For example, you can return the money as free bets. Thus, they come with specific requirements.
Lastly, there’s the welcome bonus. The gambling software can set it up automatically. When a new player signs up and makes the first deposit, you reciprocate the amount with the welcome or signup bonus. You can offer a welcome bonus of 100 percent up to a specific amount. For instance, you can offer a signup bonus of 100 percent up to $100 on the first deposit. As a result, the new player gets $200.
These are the sports betting bonuses you can offer to players. You can use them to get more players and keep the existing ones. If you need more help attracting new players, make sure you read our guide on SEO keywords for your bookie business.