How Can I Use Welcome Bonus?

When you register a new account with a betting company, a welcome bonus is given. If you search for a welcome bonus on the net, you’ll be inundated with different types of welcome bonuses and odds bonuses https://hravelka.com/. To able to understand how a welcome bonus works, we’ve made a detailed list of the different types of welcome bonuses you can expect to be given.

How Does a Welcome Bonus Work?

In many cases betting sites offer their new customers a welcome bonus when they create or register a new account. This type of odds bonus can sometimes be a little complicated. In this respect, it may appear that betting sites are being generous but there is a method to the madness.

Nowadays the competition between betting sites is enormous, and in order to attract and hold onto customers betting sites have to give out a massive amount of welcome bonuses and bonuses in general.

Of course this is great for punters but to properly benefit from these offers it’s important to know how they work and be aware of some of the different requirements you’re expected to follow.

Wagering Requirement

One of the most common demands a betting company will place on their welcome bonus is a wagering requirement. A wagering requirement is when the betting site expects you to wager, stake or turn over your welcome bonus a certain amount of times before you can claim your winnings.

The wagering requirement connected to a welcome bonus can differ depending on the betting site you use. For a percentage-based bonus that is calculated in relation to how much you deposit into your account the wagering requirement is usually somewhere between 5-15 times the actual bonus sum itself.

For a free bet the wagering requirement is usually lower, and between 1-3 times the actual sum of the free bet.

The wagering requirement will typically appear like this:

• 5x the bonus amount
• 10x the bonus amount
• 1x the bonus amount
• No requirement

Minimum Odds

Minimum odds are when a betting site places the lowest acceptable odds that you need to bet against with your welcome bonus. In order for you to be able to claim the winnings from your welcome bonus, you have to bet on matches or tournaments that have odds higher than the minimum odds rate.

An example of what minimum odds can be:

• 2/5
• 3/5
• 1/1
• No requirement

Validity Period

An important thing you need to take into consideration is that a welcome bonus will usually have a validity period. This means that you need use the welcome bonus and fulfil the wagering requirement before a certain date. If you don’t manage to meet the wagering requirement within the period of validity then more often than not you will lose your winnings.

How to Benefit From a Sign-Up Bonus

Charging hundreds or thousands of dollars onto your credit card within a short period of time seems like an expensive way to earn rewards, but if you have a large purchase to make or an upcoming vacation to plan, a welcome bonus can actually come in handy.

For instance, one financial expert we spoke to met the minimum spend on her new credit cards by charging her and her husband’s wedding rings and the cost of a small wedding.

The couple then used the cashback she earned from welcome bonuses to help offset the cost of their honeymoon. Of course, you should take processing fees into consideration (some businesses charge 2% to 4% for credit card transactions), but if there are no extra fees this method can be quite helpful when financing large purchases like trips.

And once you do use your credit card to earn a welcome bonus, it’s essential that you pay off any large balances quickly so you don’t accrue interest that offsets the value.