How Do Betting Bonuses Work: Types, Conditions, Time Of Retreat

Little by little, more and more sports/eSports tournaments are emerging these days. It is no wonder why the world of betting is on everyone’s lips, with a large number of options to offer. Such platforms do the thing well, allowing bettors to get their hands on different events and earn some profit. Best of all, great bonuses attached to such tournaments never leave anyone indifferent.

Therefore, we consider it is important for the user to know well how the betting promotions work, and for this, we have gone to the web portal and reviewed the most popular bonds and the conditions attached to them. With this in mind, let’s get started!

Types of Bonuses

All the bonuses from the GG.BET site are different from each other. Some can be used only by new members, but some promos are for all customers, including loyal ones. It is also possible to make a distinction based on the reward: you can either receive bonus money or free bets. 

In this regard, promotions are basically divided into a bunch of types according to what they are giving and who can make use of them. Here is a brief presentation of the most popular titles.

Bonuses Depending on Deposit

As its name suggests, bonuses in this category increase your match deposit amount at a certain rate. In other words, a bookmaker will offer you a higher rate for the more money than your deposit.

For example, if you make a first time deposit, you can usually activate a welcome bonus and get a match rate. Apart from it, there is a wide range of reload promos for existing members. The list can include but is not limited to daily/weekly/monthly promo offers, as well as ones attached to certain tournaments. 

Since bonus money is fictitious cash, it can only be withdrawable if you have met some requirements and have won it again by yourself. Check out the T&Cs to find out what you can get and what you need to do before cashing out. 

Divided Promos

Likewise, split bonuses are used to trigger your match rate at a certain percentage. However, the bonus amount will be credited to your account over a certain period. For example, let’s say that a betting site offers you $500 in a split bonus, but they will give them to you 10 times, each time you place a wager. So, for each bet you place, the bookmaker will give you an extra $50 as bonus money. This type of promos is also a matter of wagering requirements.

Free Bets

Instead of awarding bonus money, some bookies can give you a free bet that you can place at a particular match. Typically, free bets have monetary value, but that is not real bonus money, but money with which you can continue betting to get real cash. This type of bonus is especially good since they involve less risk: when placing a bet, nothing is subtracted from your balance, but if you hit the pick, you will normally be paid the winnings.

The conditions of the bonus money

As we have said earlier, the conditions depend on each operator, and you always need to read them carefully before making a deposit to get the sports betting bonus.

That said, the primary function of the conditions is clear: a betting platform wants you to bet bonus money a certain number of times before being able to withdraw that money. In this sense, you need to know the following concepts:

  • Rollover: number of times you have to wager the value of the bonus so that you can cash out that money.
  • Excluded bets: some types of wagers do not count towards the rollover. For example, handicap betting are usually excluded.
  • Time frame: Normally, the rollover is associated with a time frame of between one week and a month.

At the time of making a withdrawal, it is important to have complied with the conditions mentioned above. If this has not been done, the betting site will allow you to withdraw your money, but not the winnings obtained while the bonus was active.

A Final Word

To sum up, we want to remind you that bonuses are a great marketing tool that is used to attract new customers and retain existing ones. Although betting promotions may sound appealing, this money is associated with terms and conditions that normally cause you to end up losing. With this clear, think about them not to earn money but to try the service and discover how much fun it is to bet.

Christopher Stern

Christopher Stern is a Washington-based reporter. Chris spent many years covering tech policy as a business reporter for renowned publications. He has extensive experience covering Congress, the Federal Communications Commission, and the Federal Trade Commissions. He is a graduate of Middlebury College. Email:[email protected]

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