People have been betting on sports for many years, but since the first online sportsbooks were released, this hobby has become even more popular. Thanks to our smartphones and tablets, we can bet on the go on our favorite sports teams or players whenever we want.
Apart from being easy to use, most sports betting websites also allow their clients to use numerous features, such as Cash Out and Live Streaming. These two things let us watch a given event live and settle our bets even if the match is not over yet.
In addition to the things we’ve mentioned, people like to punt on sports because there are various bonuses. Almost every top-rated online bookmaker will have at least a few promos that you can choose from. Some of them are only available to newly-registered punters, whereas others can be accessed by everyone with an account.
Since there were no such things as sports betting bonuses back in the days, many people are wondering why do gambling operators offer them in the first place. Hence, we’ve decided to list two reasons why most bookies choose to create multiple promotions.
They can bring over new customers
It probably doesn’t come as a surprise that the main reason why bookies create various promotions is to attract new customers. In fact, there are so many offers provided by the different sportsbooks that it’s pretty much impossible not to find something you like.
Once you take a look at a given betting website, you will see that the welcome bonus is definitely the most attractive promotion. The idea behind those types of rewards is to bring over new customers. Hence, they often provide a decent amount of bonus funds, free bets, and more.
Before you sign up, you need to read the given offer’s full conditions, especially if the bonus seems too good to be true. The most important thing that you need to take a look at is the wagering requirement and whether you are allowed to punt on every sport.
In most cases, the offers make people deposit more money than usual
Besides the fact that these promos bring over many new customers, they also “force” bettors to deposit more money. Unless the given operator provides a no deposit bonus (which is pretty rare), you will have to make a deposit to claim certain rewards.
Even if some punters don’t necessarily need this promo, the fact that they can receive something extra makes them want to get it. That’s why you need to think carefully about whether you need to take advantage of the given bonus or not.
Perhaps the best example here is the so-called VIP/Loyalty club (although this offer is usually available only on online casinos, we’ve seen bookies that also have them). If you want to get the best VIP rewards, you would need to collect points (or other similar things), which means you need to wager real money. So, you have to think about whether it’s worth spending that amount for a given reward.