A major benefit of gambling online is the fact that most sites will offer you bonuses and rewards for using their services. These can provide you with significantly more added value than you could ever hope to get through traditional forms of gambling, and they’re a great way to add some extra funds to your bankroll.
You can earn bonuses and rewards just by depositing and then betting or gaming as normal. Many of the leading gambling sites are very generous in this regard, and you can potentially earn a lot of money by taking full advantage of what’s on offer. Bonuses and rewards are usually available to everyone, regardless of how much they stake. The high rollers will, understandably, get the best value, but there’s plenty of value for the small stakes gamblers too. It’s all relative of course anyway.
The fact is, no matter how much you wager, you can regularly provide welcome boosts to your bankroll. You just need to understand how these bonuses and rewards work and learn how to use them to your advantage.
You may be wondering why gambling sites give money away like this. We explain exactly why they do it below and provide details on the various different types of bonuses and rewards too. We also offer a few tips for making the most of this extra value.
Why Do Gambling Sites Give Bonuses Away?
It’s quite natural to be a little bit cynical about the idea of gambling sites giving money away to their customers. After all, if something seems too good to be true then it usually is. However, there’s a very simple reason why gambling sites offer so much extra value in the form of bonuses and rewards.
They want you as a customer.
That’s essentially all there is to it. Thanks largely to the amazing popularity of online gambling, there are hundreds of different gambling sites on the internet. You and other gamblers have an incredible choice of where to do your betting and gaming. This means the market is extremely competitive, and sites have to try to stand out if they want to be successful in attracting and retaining customers.
There are several methods that gambling sites to use to encourage new customers to sign up with them. Many of them spend an absolute fortune on advertising for example, particularly in regions where online gambling is completely legal and fully regulated. They often have large budgets for sponsoring sports teams, event, and anything else that will increase their exposure.
The bonuses and rewards that they offer are basically just another form of marketing. It makes perfect sense for them to spend big money on their sign up bonuses if they get plenty of new customers as a result. Sign up bonuses definitely work, as people often choose to sign up at a new site specifically because there’s a good bonus on offer.
It’s not just about attracting new customers either. Once you’ve joined a gambling site, you can be sure that they’ll be very keen for you to stick around and keep betting and gaming. That’s ultimately how they’re expecting to make money from you. In such a competitive market, simply providing a quality service is not enough to keep customers happy. That’s where additional bonuses and rewards for existing customers come in. They help to build loyalty, as if you’re getting a good service AND lots of extra value then you really have no incentive to try somewhere else.
Sign up bonuses are used to attract new customers to join. Additional bonuses and rewards are then offered in order to make sure those customers are happy. In theory, it’s a win-win situation. The sites benefit from attracting new customers and keeping them satisfied, and the customers benefit from all the extra value on offer.
Types of Bonus & Reward
Most gambling sites have their own unique way of providing the extra value to their customers, so the exact details of what is on offer can vary quite significantly from one site to the next. There are actually a number of different types of bonus and reward, and it’s a good idea to familiarize yourself with all of them if you can. Doing so will help you to work out how, and where, you can get the best value for your gambling activities.
The three main types of bonuses and reward are as follows.
Sign Up Bonus
Sign up Bonus
The sign up bonus, which is also known as the welcome bonus, has become an industry standard. There’s one available at pretty much gambling site on the web. This is what you get offered when you join as a new member and make your initial deposit. The size of the bonus will usually be based on a percentage of your deposit, and there will be a maximum amount you can claim. You’ll only be able to claim it once at any site, although a lot of places do spread their welcome offer over your first few deposits.
It should be noted that some sites also offer a no-deposit bonus to new customers. Such bonuses are typically very small, but they allow you to try out a site without risking any of your own money.
Reload bonuses are also commonplace, and these are offered on subsequent deposits that you make. Some sites make reloads available to all customers on their first deposit of the month or week, while others only offer them based on certain criteria. There are a few places that offer daily reloads, or even reloads on every single deposit, but this is quite rare.
There is some form of loyalty scheme or VIP program in place at most gambling sites these days. These work by rewarding you based on your gambling activity. In simple terms, the more you bet or play the more you’ll receive. Rewards may be simply in the form of cash credited to your account, or you may be able to earn things like exclusive hospitality at sporting events, tickets to concerts or electronic items.
It’s worth noting that the bonuses and rewards available to you, and the way in which you earn them, will vary depending on what form of gambling you are doing. You can find more specific details on all the different ways in which sites provide extra value on the following pages.
If you want to get the most out of all the bonuses and rewards online, then you should follow these tips.
Use the sites which offer the best value
Always check the terms and conditions
Stick to a budget
Using the Right Sites
We don’t actually recommend that you choose a site based solely on the size of the bonus available, but it should be a consideration. It’s well worth spending a bit of time seeing where the best value is, and then making sure that you take full advantage of it.
The bonuses and rewards on offer are something we take into account when ranking sites, and we even have a category specifically for those places that are the best in this regard.
You should know that online gambling bonuses and rewards always come with terms and conditions. There may be may be a specific process for claiming a bonus, rules about what it can be used for, or requirements that have to be met before any withdrawals can be made. It’s very important to be aware of all the relevant terms and conditions, so that you don’t do anything wrong and end up losing out.
Please note that these terms often dictate just how much value a bonus really offers. If it can only be used for very limited purposes, or if you have to do large amounts of wagering before withdrawing, then it may not be worth claiming. Although the leading sites do generally provide genuine value, with perfectly fair terms and conditions, it’s always advisable to check all the details out to make sure.
Sticking to a Budget
A golden rule of gambling is to only ever risk what you can afford to lose. There should be absolutely no exceptions to this. So if you ever find yourself tempted to deposit more money than you should in order to claim a bonus or earn extra rewards, you must try to stop yourself.
Bonuses and rewards should be considered as something extra for money that you were going to put at risk anyway. They are NOT an excuse to risk money that you can’t afford to lose. Please remember that.