Bonus offers are among the main reasons online sportsbooks have become a huge hit. Promotional offers like sign-up bonuses, free bet options, and match deposits help introduce new people to sports betting and simplify wagering for old-school veterans. Understandably, most sports fans have moved away from land-based deposits and use online bookies exclusively.
Explaining Bonuses
Despite being some of the most popular venues for sports betting, online sportsbooks are still relatively new. Many people may need help understanding how bookies work, especially when bonuses are concerned. For example, many people don’t understand that bonuses come with terms and conditions restricting how punters can use them.
If we take any sportsbook as an example and review their bonuses, they have severe requirements. Take this BetNow review that delves deep into the website, its pros and cons, and, most importantly, its bonuses. If you read the review, you will notice that they have much to say about the T&C of the bonuses and how to use them properly.
Bonus Requirements
The most important thing to pay attention to is the bonus requirements. Usually, a player must deposit a certain sum to become eligible for the bonus. Not only that, but they must also fulfill certain wagering requirements if they want to claim their prize.
Usually, the bonus requirements at online sportsbooks are properly explained. However, many fans might need to learn how to calculate these requirements properly. At the same time, there are steps to claim a bonus; often, doing poor calculations results in frustration and misunderstanding.
Bonus Calculators
If you are a new bettor stuck at the point of calculating wagering requirements, fear not. In 2023, there are digital tools that can help you understand the mathematics behind online bookie bonuses. These fantastic new tools are bonus betting calculators, and their primary purpose is to help new players understand wagering requirements, minimum deposits, and betting odds in general.
What is the purpose of a bonus betting calculator? Well, it is straightforward. They help new fans, or even experienced veterans, calculate the requirements for a bonus. These requirements may include any of the following:
- Qualifying bets
- Wagering requirements
- Maximum payouts
- Minimum payouts
- Average payouts
Thanks to bonus betting calculators, bettors no longer need to worry about the complexities of online sports betting. Instead, they can focus on the things that matter—stuff like strategy, money management, research into the athletes, and reading and interpreting the odds.
Things to Take Note
When using a bonus betting calculator, there are certain things that you need to take note of. We briefly brought them up in the previous section. However, we want to discuss how these phrases are essential to online sports bettors who use bonuses.
Qualifying bets
As you can imagine, a qualifying bet is the minimum amount you have to wager on your first deposit to become eligible for a bonus. Often, qualifying bets are simple and don’t require much calculation. However, the situation gets a bit more complicated when wagering requirements are involved.
Wagering Requirements
Wagering requirements usually refer to the minimum odds the qualifying bet has to be placed on. For example, many online bookies tell you you must bet $10 on 2.5 odds. In other words, the minimum odds are 2.5, and any bet placed below that will not make you viable for a bonus.
Payouts
Finally, there is the payout that you can expect from the bonus. We can separate the payouts into three categories: minimum, maximum, and average. Betting calculators can help you determine these sums, and you can then decide whether it is worth pursuing the bonus.
Other Things to Keep in Mind
Apart from the basics, there are still some miscellaneous things that we would like to mention regarding bonus betting calculators. For example, in 2023, crypto-based sports betting has become a lot more popular.
For those who know about crypto, stablecoins are making quite a splash in the market. Tether, especially, has become a staple of online casinos. Many people wonder whether online bookie bonus betting calculators can be used to determine crypto-based bonuses.
The answer is yes. It may take some time to get used to the process, but it is possible to understand crypto-based bonuses with calculators. Indeed, it is straightforward when talking about stablecoins, which tend to remain stable and are much less volatile.
FAQ
Can I use sign-up bonuses at an online sportsbook?
Yes. There are plenty of online sportsbooks that offer sign-up bonuses. Taking advantage of these promotions is one of the primary reasons that bettors have switched to online bookies.
What are the wagering requirements for bonuses at online sportsbooks?
Wagering requirements are the strict rules regarding the minimum odds bookies have set for their bonuses.
Can bonus betting calculators help me understand wagering requirements better?
Absolutely. That is why they are there. Bonus betting calculators are now a viral tool among online sports betting enthusiasts.
What else can calculators help me with?
They can help you understand the maximum and minimum deposits, as well as the payouts that you can expect to get from the bonus.
Are betting calculators helpful when it comes to crypto wagers?
They can be, though the market’s volatility does make it harder. However, a bonus betting calculator can be useful if you are looking for a rough estimate.
