There is no doubt that gambling is one of the most widely accepted and accessible ways to relieve stress. It’s also a great way to make money while having fun at the same time. But when it comes to betting, there are a lot of factors you need to take into consideration before diving in headfirst. In addition to picking out your preferred type of wager, you also need to analyze each betting site you sign up for so that you can get the most bang for your buck. In this article we’ll be looking at some of the most important things you should check before signing up with any given betting site. One such factor that might not seem like a big deal, but can have a major influence on your final bank balance is the welcome bonus offered by each individual betting site. But what exactly is a welcome bonus and why do they matter? Let’s take a closer look...
Top 10 Betting Sites With Welcome Bonus in South Africa
Different types of Welcome Bonuses
- Welcome Deposit Bonus: This is the most common type of welcome bonus. In other words, if you’re signing up for a new account with a betting site, there’s a good chance that you’ll receive a deposit bonus to thank you for becoming a customer. The amount of your welcome deposit bonus will usually be determined by the size of your initial deposit. For example, a site might give you a 100% welcome deposit bonus on a $100 deposit. That would mean you’d receive $100 free.
- Welcome Cashback Bonus: This type of welcome bonus is similar to the welcome deposit bonus. The difference is that with a cashback welcome bonus, you’ll receive a percentage of your losses on the initial bet you make. For example, if you bet on something and then win a certain amount, the betting site will give you a cashback percentage of your winnings.
- Welcome First-time Deposit Bonus: Some betting sites will also give you a welcome bonus if you decide to deposit money for the first time. This type of bonus is typically smaller than the deposit bonus described above.
- Match bonus: This type of bonus is offered by many sportsbooks to new sign-ups. It’s usually a percentage of your initial deposit that is given to you for free. For instance, if a sportsbook gives you a 100% match bonus on a $100 deposit, they add another $100 to your account.
- Free bets: A free bet is another type of welcome bonus that is offered by many online sportsbooks. It’s a certain amount of money that is added to your account and is completely free to use for any sportsbetting purpose. Let’s say that a sportsbook gives you a 100% free bet on a $100 deposit. In that case, they add an additional $100 to your account.
- No deposit bonus: A no deposit bonus is a type of welcome bonus offered by some online sportsbooks. It’s a certain amount of money that is added to your account and is completely free to use for any sportsbetting purpose.
What is a welcome bonus?
A welcome bonus is a type of promotional offer made available by some betting sites to new customers. The idea behind these bonuses is to entice new players by giving them free money. Welcome bonuses often come in two forms: free bets and deposit bonuses. In this article, we’ll be focusing on the latter. With most deposit bonuses, players are given a specific percentage of their initial deposit as free extra cash. For example, a betting site might allow you to deposit $100 and then give you another $100 as a bonus. The bonus amount will vary from site to site, but they’re typically between 50% and 100% of your initial deposit. The catch lies in the fact that you’ll have to wager the entire amount of your first deposit plus the bonus amount a certain number of times before you can withdraw the money.
What is a Deposit Bonus?
A deposit bonus is an incentive that is offered by some online sportsbooks to new sign-ups. The bonus amount is usually credited to your account immediately after you’ve made your first deposit. The deposit bonus is essentially a percentage of your initial deposit that the sportsbook gives you for free. Just like with welcome bonuses, there are a few criteria that apply to most deposit bonus offers. These include a minimum deposit amount, a maximum bonus amount, a minimum odds requirement, and a turnover requirement.
What is Free Bets?
A free bet is another type of deposit bonus that is offered by many online sportsbooks. It’s a certain amount of money that is added to your account and is completely free to use for any sportsbetting purpose. Let’s say that a sportsbook gives you a 100% free bet on a $100 deposit. In that case, they add an additional $100 to your account.
Why are Welcome Bonuses Important?
Welcome bonuses are important because they help you make more money. Let’s say you decide to sign up for a betting site and deposit $100. If the site gives you a 100% welcome deposit bonus, you’ll receive an additional $100 on top of the $100 you already deposited. That would mean you’d have $200 to bet with. Most of the time, a betting site will require you to wager a certain amount of money before you can withdraw it. So, if you’re playing with $200, you’ll have to wager $200 X the number of times the site requires before you can withdraw the money. With this in mind, it’s easy to see how a welcome bonus can help you make more money. All you have to do is bet the $200 you received from the bonus and then make sure you wager a certain number of times before you can withdraw the money. The best way to do this is by signing up for a sports betting site and then using a sports handicapping service to help you pick winners.
Which are the best betting sites with Welcome Bonus?
Many online betting sites will offer a welcome bonus to new customers. However, not all of these welcome bonuses are worth it. In this article, we’ve highlighted some of the best betting sites with welcome bonuses that South African players can use to make some extra money. They are all featured in our list of the Top 10 betting sites with the best bonuses in South Africa.
FAQs about betting bonus
What are welcome bonuses?
Welcome bonuses are rewards given to new customers who make their first deposit at a given betting site.
Are welcome bonuses the same as a deposit bonus?
Deposit bonuses are rewards given to new customers who make their first deposit at a given betting site.
Are welcome bonuses free money?
No, welcome bonuses are rewards given to new customers who make their first deposit at a given betting site. Free money is money you win without having to put any effort into getting it.
Is there an expiration date for welcome bonus offers?
Yes, most welcome bonus offers have expiration dates. This can vary from one site to another, however, so make sure you read the fine print.
Conclusion
The welcome bonus is a great incentive offered by online betting sites to new sign-ups. It’s a percentage of your initial deposit that the sportsbook gives you for free. There are different types of welcome bonuses, including match bonus, free bets, and no deposit bonus.