October 1, 2019

Types of Bitcoin Sportsbook Bonuses

Types of Bitcoin Sportsbook Bonuses

Cryptocurrencies have made waves worldwide. Millions use this form of currency to pay for different goods and services. But, did you know you can use this method of payment on many bitcoin sports betting bonuses?

As a result of increasing exposure, there has been a rapid increase in the number of sportsbooks accepting Bitcoin.

There are a lot of types of bonuses you can expect. Below is a general breakdown of each type of sportsbook bonus so you can decide which offers are the best for you:

Welcome Bonus

It is a common type of bonus offered by different sportsbooks. Welcome bonuses are a one time offer and sometimes consist of a matched up deposit bonus. It has a rollover requirement that needs to be done before the funds can be withdrawn.

Free Bets

You can think of a free bet as a chance to place a bet without risk, and get paid out the net winnings on the bet if it wins. A lot of online casinos offer free bets to customers who open new sportsbook accounts on their site.

Refer-a-Friend Bonus

It is very simple: the casino will send you a reward bonus for every friend that signs up with your unique referral code and deposits the specified minimum value.

Reload Bonus

This is meant to keep customers from jumping to another sportsbook. Some sportsbooks may offer their customers a 50% reload bonus on their fifth and tenth deposits.

Seasonal Bonus

Sportsbooks find it relevant to offer seasonal bonuses at a special time of the year. Seasonal bonuses can be wonderful cause sportsbooks know that the turnover is huge at the time of such events, and they make their service as attractive as possible.

Reduced Juice

“Juice” applies to the margin the bookie requires on its odds, the higher the juice, the less favorable the odds are for bettors. Sportsbooks may decide to lessen the juice on a particular event in order to promote them and increase betting turnover. Reduced juice bonuses are constantly enjoying season bettors who know the worth of getting betting value.

Loyalty Bonus

Each bookmaker has a strategy to secure an active customer database and high retention rates, loyalty bonuses are an excellent way of managing both of these objectives. The loyalty bonus gives them a chance to get some of their cash back. The bonus reminds them that the sportsbook is still there and attracts them to use their account if it’s been a long time since their last login.

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