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The Best Odds Bonuses 2022

A sports betting bonus is a great way for experienced players to gain an extra edge over the bookmaker, and for beginners to take some pressure off in the early stages of their betting careers. How an odds bonus can be utilised will depend completely on what type of betting bonus we are talking about, but more importantly on the fine print of the terms and conditions for said betting bonus. The list of odds bonuses below tries to take everything into account and summarise it in understandable, and comparable ways. The choice we leave to you, The Player.

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Betting Bonuses

As you can tell from the list above, there are several ways in which betting sites structure their bonus offers, and the first step for you to be best able to make use of these offers is to learn what the terms mean.

By combining and tweaking some essential bonus components a myriad of different kind of bonuses can be constructed, but most betting bonuses can be explained fairly well by asking three simple questions:

  • What do I need to do to get this bonus? There can be many answers to this question but most of the times it will be something along the lines of; register an account, make a deposit, or place a certain bet.
  • What is my reward for doing this? Typical answers are; extra funds on your account, increased odds on an event, or a pre-paid wager (free bet).
  • What is the catch? Common answers are; you can only use your extra funds on X or Y, to withdraw the rewarded funds they first has to be turned over X amount of times on bets with at least Y in odds - usually accompanied by a time limit.

The last point is the most important question and will be what ultimately decides if the betting bonus is any good. For the uninitiated this can be hard to comprehend and it is easy to overlook something in the fine print. For this reason we make an extra effort to point out the catch of all bonuses in all our reviews, and to explain the possible pitfalls and drawbacks in practical, easy to understand terms.

New Player Betting Offers

Welcome bonuses are more rule than exception at betting sites nowadays and if used the right way they can be a valuable tool to get an edge over the bookmaker, or simply a way to try out the service at a lower price.

From the betting site’s perspective these two bonus purposes can be expressed a bit different but they will correspond well to the two points above. Either they will try to commit players by offering a big bonus in return for a big deposit, or they will give something less valuable away in exchange for our personal information in the hopes that we will like the product enough to make a deposit later.

It is not uncommon for bookies to offer a selection of new player bonuses in order to cater to all types of players, and picking the one that suits your betting style will be the main determinant when making your choice. To help you with this, see these guidelines:

Matched deposit bonuses for betting

Bigger amounts credited in exchange for big deposits (matching bonuses) should preferably only be accepted if you make a lot of bets, especially parlays. This type of bonus is in most cases subject to a wagering requirement and to reach that the player will have to turn over something in the range of 6-8 times the received bonus, and to make matters worse only odds above a certain threshold will count. The parlay specialist will have no trouble reaching the minimum required odds to count towards the wagering requirement, while someone specialising in singles will have a harder time.

Free bet bonuses

Free bets are the perfect beginner bonus and a great way to evaluate the betting site, but to expect to make money on a free bet is a bit naïve. First of all the bet will rarely pay back the wager, and the stake is often very small. Use a free bet bonus to get a feel for the client and put it down on a gamble. Another strategy is to use free bets as a hedge, in other words to take the other side of a bet made with ‘real money’ - if this is allowed by the bookmaker. Either way, do not expect to make any serious money on this type of bonus, and more importantly make sure it really is 'free' in the sense that the payout will be in real money and not bet credits or bonus funds.

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