Different types of betting bonuses
The best online betting bonuses always offer significant monetary benefits, which is why they are definitely worth taking advantage of. Bonuses are offered to both new players and old customers. Sometimes you can even get several bonuses at a time.
Betting sites offer deposit bonuses, risk-free bets, free bets, cashback and enhanced odds among other benefits. In addition, some betting sites host a variety of competitions and promotions where you can either win more bonuses or even cash.
Deposit bonuses for betting
The deposit bonus is definitely one of the most popular benefits offered by betting sites. It’s most offered at first deposit, but many betting sites also offer it to old and active customers.
In all its simplicity, the deposit bonus works like this: you make your own deposit first and the betting site will give you a certain percentage of extra play money. For example, if the bonus is a “100% deposit bonus”, you will receive an extra €50 in play money from the betting site with a deposit of €50. In this case, you can start betting with a starting balance of €100.
Deposit bonuses exist as both the so-called traditional “Sticky Bonuses” and the more player-friendly “Non Sticky Bonuses”. The latter is a better option, as in this bonus the wagering requirement only applies to the bonus amount.
When playing with the Non Sticky bonus, you will first use your own deposit, allowing you to withdraw your winnings at any time. Only when you have used your own money you will start playing with bonus money, in which case the bonus conditions also take effect.
The biggest difference between the two is that in sticky bonuses, the bonus conditions take effect immediately and if you win, you cannot withdraw until the wagering requirement is met. If you make a withdrawal request or cancel the bonus, you will lose both the bonus and the money you have won.
However, with the Non Sticky bonus, you can cancel the bonus and withdraw your winnings immediately if you manage to grab the winnings while playing with your own money. You can read more about wagering requirements later on this page.