The Most Standard Sport-Only Promo Types

We have said it a thousand times here – promotions/bonuses are the backbone of online gambling. Everyone who has wagered online knows this. They are the main factor that get gamblers to pick a platform and what makes them stay at a given website. While everyone knows about deposit matches and cashback, in this guide article aimed at novices, we seek to supply a concise breakdown of the most common sports betting promotions that one can find on the Web. These are the most standard sport wagering promos available online, which we explain below.

Free Bets

Of course, we kick off our list with on-the-house wagers, likely the most demanded sports betting promo ever. In short, as you likely know, these are wagers that a sportsbook gives users without requiring them to stake anything. There are multiple types. The most famous are no-deposit, matched, risk-free, reload, and conditional free wagers. The first are offers where new site gamblers get a complimentary wager, usually a small sum, without demanding they fund their account. Match ones are equally value deposit bets up to a specific amount. Risk-free ones refund first bet stakes’ if they lose. Reload ones are for existing platform users, and conditional ones get tied into an event.

Regardless of the type of free bet offered, these deals will list expiration dates, market restrictions, and minimum odds conditions, and they traditionally carry distinct wagering requirements, although not always. Free bets are the basis for match betting, and they get desired by virtually everyone who loves gambling on sports online.  

Insurance

Insurance also gets called a money-back special in the Internet betting sphere by some, and it is a promotion that gives bettors a chance to mitigate risk. Naturally, this is only available with specific conditions in play. These promos customarily feature a triggering match or can only be valid for certain leagues/competitions. Let us say the NBA or a Grand Slam. They ask for a qualifying bet and have specific refund conditions. For example, you will get your stake back if your team is up by a distinct point differential but winds up losing the game.

There are various types of insurance supplied by modern top bookies on the Web these days, and some of the more notable ones are fallen horse, accumulator, goal scorer, and tennis retirement. Tournament winner insurance also exists, and it protects you if your backing team/player fails to win a competition but has reached a final. In other words, has fallen short to lift the trophy by just a tad. VAR decision refunds are also a cool option available in this group.

Boosted Odds

Also known as enhanced odds, this is a sports bonus where a bookmaker increases potential winnings on selected markets. These can be anything, from ones for high-profile matches to regional events where most of the bookie’s user pool hails from. They are usually available for limited periods, traditionally leading up to an event, and have maximum bet limits. That is in place so that sites could limit their exposure in these markets, which use these promos to gain a competitive edge in the online gambling marketplace.

Multi Boosts

These more commonly bear the names acca (accumulator) boosts and enhanced winnings of accumulator bets by a specific percentage. The aim here, like with boosted odds, is to incentivize bettors to focus their activity on making distinct wagers. In the case of multi boosts, it is accumulators, which are appealing because they offer higher payouts but are not so easy to win. Again, promos from this category usually have maximum bet limits and limited market eligibility.

Accumulator Bonuses

On the topic of accumulator bonuses, we should also note that sportsbooks like to get bettors to place accumulator bets by providing additional rewards for successful ones. These can be prizes for hitting a certain number of selections. For instance, a gambling site may offer an extra 10% bonus on winnings for accumulator bets with four or more selections. That is a super common promo type we have noticed at many of the crypto bookies we have reviewed. The cited offers give an extra prize on top of the already won one, the regular payout if their conditions have gotten met. These are the standard batch, events with minimum odds, a designated number of minimum selections, maximum bonus limits, eligible markets, etc.

Early Payout Offers

Here is something we hope to see more of, which is a bonus that rarely gets offered anymore. Early payouts are promotions where bets get settled as winning ones as soon as selected teams/players take a specific lead. When that occurs, the bet gets paid off, irrespective of what the outcome turns out to be. So, if you bet on your favorite soccer team, and your team takes a 2-0 lead in their match, you win. At that point, your chosen sportsbook offering this deal must settle your bet as a winner, regardless of whether the opposing team stages a comeback. If they do, that will not matter one bit. Accordingly, an early payout mitigates against comebacks and gives gamblers peace of mind, not to worry about how the game’s dynamics change as the match transpires after it hits a specific milestone.

Live Betting Promos

These can be anything from free bets to enhanced odds that can only get used on in-play markets, meaning bets placed on things occurring in an event that is already underway.

Goal Scorer Specials

The first noted promo is enhanced odds or extra winnings related to accurately guessing that a specific player, traditionally already selected by a sportsbook, will score goals in a match. Seldom do we see such player-tied-in offers in sports other than soccer/football, but they do exist.

Early Bird Specials

Again, like the live betting promotions, these deals can be anything. Their main defining factor is that bettors must participate in these promos and make their eligible bets before a certain cutoff deadline. If you miss it, you will have lost your chance to grab this time-restricted bonus.

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