We all know how awesome following sports is and how exciting it is to watch your favorite team in action. Whether it is checking out the latest football results, hockey gossip or basketball games, there is nothing like sports for bringing some thrills into your life. Many fans are also now choosing to add even more fun to the experience by betting on sports too.
Sports betting is a pretty big deal around the world and popular in all corners of the globe. This led to it making just over $130bn in global revenue during 2020 and this figure is poised to leap to an estimated $179.3bn by 2028. But what’s behind its appeal – especially in US states which have recently legalized sports betting? The simple truth is that betting adds more interest to watching games, is lots of fun and enables you to feel closer to the sports you love.
Before diving in though, you need to know what you are doing. To begin with, it is key to find a safe, reputable online sportsbook to use. One crucial factor when choosing a sportsbook is looking at the betting bonuses they offer. From top NHL betting bonuses to bonuses you can use on other sports, these are something to look out for. Luckily, they are pretty easy to find online and simple to access with specific bonus promo codes. You can read more about best NHL betting bonuses and promo codes in this handy bonuses guide by Evan Henningsen.
But what are they all about?
What are betting bonuses?
In simple terms, these are special offers which online sportsbooks give out to customers. They can come in many different forms, but all betting bonuses are essentially rewards for betting with that sportsbook.
For example, new customers are usually eligible for some kind of ‘Welcome Bonus’ for creating an account. The most common examples are a deposit bonus in which the sportsbook matches the amount of your first deposit up to a set amount, a no deposit bonus which provides a set amount of money to bet with into your account without you depositing first and risk-free bets.
Most online sportsbooks will also continue to offer betting bonuses to existing players as well, in the form of regular promotions. There are many different bonus offers for existing customers and the exact ones you are eligible for depends on where you bet. Some platforms offer odds boost tokens to use, while others might offer bonuses for attending games, cover losing bets or run bonuses to boost your parlay bets.
How can you use betting bonuses to your advantage?
The main way to use betting bonuses to your advantage is by using them as a risk-free way to bet. This is especially true for no deposit bonuses because you will be betting with free money the sportsbook has given you. It is also true for matched deposit bonuses because you will also have some free money from the sportsbook to use.
Bonuses can also be a great way to try out betting on sports you do not usually wager on or markets you do not usually try. You might not always feel like chancing this with your own money but using bonuses to do so instead is much safer. For example, if you wanted to put a futures bet on Ahmad ‘Sauce’ Gardner being selected in the 2022 NHL Draft, then you could use free money from a betting bonus to do so.
How else can betting bonuses benefit sports bettors?
As noted above, many bonuses for bettors come in the form of odds boosts or parlay boosts. These can be beneficial simply because they provide better value odds. This is crucial when betting on sports and being able to boost odds can result in you enjoying much better value.
Betting bonuses can also prove handy if you have a new betting system or strategy to try out. Rather than risking your own money to see if the new system works, you can instead take advantage of relevant betting bonuses to test them out.
Bonuses are sports betting gold
When it comes down to it, who doesn’t like getting free stuff?! Betting bonuses are essentially freebies and rewards that sportsbooks give out – not only to attract customers but also to retain them. They are certainly worth looking for as a sports bettor and can prove beneficial for the reasons we have looked at above.