Betting has been around for ages – and history has proven that it’s more popular today than ever. Nowadays, basically anyone can bet on anything, and the lucky ones can take home some big prizes indeed. But if you’re new to the betting game, you may have some questions about those bonuses you see on almost every betting site. How beneficial are they, and should you really take advantage of them? Here’s everything you need to know about betting bonuses – and how they can really benefit you.
Why give bonuses?
One big question many beginners in online betting have is: why do betting sites give so many bonuses? Well, the answer is quite simple: they give bonuses as a marketing strategy; it’s a way to attract more customers, as sites like Mybettingbonus.co.uk confirm. The site offers reviews of different betting sites so you have a better idea of which site (and bonus) to take advantage of.
The online betting and gambling market is very competitive, and there are more sites springing up every single day. As a way to beat the competition, sites come up with a number of bonuses to attract members – and to make them stay.
The types of bonuses you can get
As you may have already noticed, there are a number of bonuses you can get. Although bonuses can vary from site to site, there are some bonuses which are given as a standard. These include sign up bonuses, reload bonuses, and loyalty bonuses – but there’s a lot more.
A sign up bonus is just a bonus you can get for signing up at a site. It’s also known as a welcome bonus, and every site offers it as a standard. The size of the welcome bonus may vary, however, depending on how much you deposit.
A reload bonus is also quite common, especially amongst gambling sites. Reload bonuses are often offered when you reload – in other words, when you make another deposit, usually on a first deposit for the week or month, or on deposits which fit particular criteria.
Loyalty or VIP bonuses are another common type of bonus offered to – you guessed it – regular customers. This type of bonus is given as a reward based on how active you are as a player, so the more you bet, the more you are likely to get a loyalty or VIP bonus. Some sites offer rewards in cash form, whilst others offer rewards in kind, such as exclusive tickets at sports games and events, gadgets, and more.
If you would like to take advantage of these bonuses but are unsure of which site to opt for, you can check out site reviews.