Online casinos are always looking for new players as you might expect, and they know that gamblers will always have other friends that like to gamble as well.
You might be rewarded with some free money to play with, some free spins, or something else of good value to you as a player if you were to bring a new player into the casino. Your prizes will often get better the more people that you bring in too.
These kinds of bonuses will be used in the sportsbook area of an online casino if they were to have one. Not all online casinos have a sportsbook, but there are plenty that does. Insurance bets are basically given to players that make a deposit (usually their first deposit only), and a bet up to a certain value will be protected by insurance.
What this means is that your first bet up to a certain value will be returned to you if it doesn’t win – so that you can have another try.
Matching Bet Bonuses
Another sportsbook only bonus is that of matching bet bonuses. You might be able to figure out how these work by the name alone, but if not, we will fill you in. Essentially, with this type of bonus, any bet that you place up to a certain amount will be matched by the sportsbook. This means a bet of $40 on your favorite football team to win will now become a bet of $80.
We touched upon playthrough requirements and conditions that many bonuses will have above, but here we will take you through what these are in more detail. These conditions and wagering requirements are put in place to protect the casino and to ensure that players stay around long enough to potentially deposit some more money.
Generally speaking, a bonus will require a player to play and wager a certain amount before they can withdraw any winnings that we earned using bonus money. As for conditions, these are there for the benefit of the casino and will go a long way to stop players from trying to cheat their way to some free money.
- One bonus per person
Online casinos do not allow players to have multiple accounts, as this would be seen as an attempt to take advantage of a generous bonus more than once. In fact, most casinos will limit a single household or Ip address to a single account, which would mean that friends or relatives living in the same place would risk your account being suspended if they were to also open an account.
- Account verification
Casinos will also require you to verify your identity before you are allowed to withdraw any winnings/funds. This means it is important to use your real personal information when creating an account. You will have to prove that this information is correct by sending in ID and other documents. Depending on the casino, this can take as long as weeks for your identity to be verified, which is why we suggest starting the process long before you need to make a withdrawal.
- You have to meet wagering requirements
Requirements will change from casino to casino, but a player will always have to meet a set amount of wagering before they can withdraw bonus winnings. An example would be if the bonus had playthrough requirements of 30 and your bonus amount was $100. This would mean that you would have to wager 30x $100 at the casino before you would be qualified to withdraw the winnings. This is $3,000 in total, a number that is purposely quite big as the casino hopes you will lose those winnings before you can withdraw them.