Are you interested in signing up with a new sportsbook? If so, do you know that online bookmakers offer new clients a welcome bonus? There are always terms and conditions attached to this offer. And, you must read the “fine print” before accepting the welcome bonus.
The world as we know it: A global snapshot
It is reasonable to assume that virtual sportsbooks have become the primary way sports betting pundits can wager on different sporting events.
The are many reasons for this, including the fact that we are currently living in a technological revolution known as the Fourth Industrial Revolution. Klaus Schwab of the World Economic Forum stated in 2016 that this revolution will “fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before.”
The Welcome bonus
Thus, all companies that can have moved, and are moving their business offerings online. This includes sportsbooks and online casinos. And, different sportsbooks are offering bonuses and promotions accessible by codes like the Betfair promo code to attract new clients and reward existing sports bettors.
There are always terms and conditions attached to each bonus and promotion. And, it is vital to make sure that you understand what these conditions are before you accept the gift. Otherwise, you could end up losing money instead of benefitting from the financial reward.
Thus, by way of expanding on this point, let’s consider the welcome bonus.
This promotion is only valid for new clients, and its primary aim is to welcome the sports bettor to the company and to reward them for signing up with a particular bookmaker. It is also worth noting that the value of the welcome bonus is not the same across the industry. Different sportsbooks offer different rewards. And, the same bookmaker will offer various promotions at different times. It just depends on whether the company is prioritizing the onboarding of new clients at a given moment or not.
As highlighted at the outset of this article, it is vital to read the terms and conditions of accepting the bonus before you accept it. Here are some of the terms and conditions that you are likely to read:
- The welcome bonus is only for new clients. It does not apply to existing clients.
- The bonus is only applicable to residents living in a specific geolocation, like the UK, Ireland, and Europe.
- The minimum odds for a qualifying bet must be at 1.5.
- Cashed out bets are not valid.
- And, all qualifying bets need to be made within 30 days of the receipt of the bonus.
- Free bets do not qualify
- And, this bonus cannot be used in conjunction with other bonuses.
By studying the terms and conditions highlighted above, you can see that several conditions need to be met, like the timeframe that the bonus is valid for. This is to encourage new clients to place a specific number of bets within the deadline. Thus, if you aren’t planning on betting a lot, it is best not to accept the welcome bonus.