Betting in India has taken off rather well. Approximately 370 million Indians place bets during major sports events like the IPL. Additionally, 140 million people into online wagers would regularly indulge in this activity. With the gradual eradication of social stigma surrounding gambling online, more people are forthcoming about placing bets. If you happen to be one of the few people interested in sports betting, then we’ve got just the guide you need.
When you start betting, understanding the different betting offers is essential. It helps you choose the best sites and gain the most out of your wagers. In the online world of sports betting, knowing your offers and placing calculated bets is a game-changer. Even being a beginner or a novice, you can increase your stake quickly and easily get into the groove of sports betting!
Thus, without further ado, let’s dive into the unique offers you can avail of in sports betting, to understand how you can leverage them to win!
Different Types of Sports Betting Offers in India
While you may be familiar with the different kinds of betting offers that you see, understanding what they mean is a separate ballgame. To make your life with betting easier, we’ve concocted a list of the betting offers you can avail of.
1. The Sign-up Bonus or Welcome Bonus
A Sign-up bonus also known as a welcome bonus is one of the most standard bonuses out there. Available at online gambling and sports betting sites, it’s usually calculated as a percentage of your sign-up amount. The portion remains variable across multiple betting platforms and generally lies between 50-100% of your deposit amount.
How it works:
For instance, if your first deposit is Rs. 3,000, and the sign-up bonus at your chosen site is 100%, you get an additional Rs. 3,000 in your account. You can thus, use a total of Rs. 6,000 to wager on the site!
When it comes to your wager bonus, you must bet it several times before withdrawing. For instance, in this case, if your wager is 9x. Thus, you get Rs. 6,000 × 9 = Rs. 72,000. Now, to cash out your welcome bonus, you’ll need to place wagers for Rs. 72,000.
2. Cash Bonuses
These bonuses are very different from percentage bonuses. Cash bonuses are a minimum amount and are available often during registration. However, the sum of money you acquire is lower.
3. The Free Bet and No-Deposit Bonus
The no-deposit bonuses are handed out to attract more players and give a chance to novices in the realm of sports betting. If you’re new to sports betting, using such bonuses can help you get sports betting experience quickly.
How it works:
You’ll first have to choose an event or use your risk-free bonus as a player. Once you approve your bet, three possibilities might occur:
- You win the bet: In this scenario, you’ll get the winnings, and your bonus amount is written off.
- You lose the bet: In this case, your bonus will get written off. However, on specific sites, you get the wager amount and then the bonus is written off.
- Your bet wins partially: In this scenario, you can accrue your winnings, and the bonus amount is written off.
However, the free bet can be a bit different as well. The second type is the free bet given to players as an incentive. Even if you are a long-standing player, this bonus will get deposited into your account. You can then use this amount to place wagers and win!
How it works:
For instance, you have Rs. 20,000 in your account. You are awarded a free bet of Rs. 10,000. Thus, the total amount you can wager with now is Rs. 30,000.
4. Reload Bonus
Several betting sites offer bonuses or incentives when you have to reload your account. This bonus is given based on several factors like the frequency of a player on a site, loyalty, etc. All in all, it widely varies according to the forum you choose.
How it works:
Once you have gained your first incentive after signing up, you can avail of the reload bonus upon your second deposit.
Important Note: These bonuses are not available all the time. They are launched at specific times with specific campaigns. Thus, you should make the most out of them when they are available.
The cashback bonus is an absolute steal for you. This bonus offers a partial repayment for a loss.
How it works:
For instance, if you have a cashback bonus of 10% on your bet. You can recover some of your wagered amounts if you lose the bet. Thus, if you bet Rs. 1,000 and lose, you’ll get Rs. 100 cashback.
Even though the amount seems meagre, losing a little less never hurts. Additionally, cashback is sometimes only applicable for a competition, championships, or a specific sports type. It increases the cashback sum accumulated at the end of the season for you.
Now that you’re aware of the different betting offers available, you can check out our site to find the most reasonable offers. However, before you go ahead, let’s look at what makes a reasonable offer!
What Makes a Good Betting Offer?
When you select a betting offer, you’ve to keep the following in mind:
- The offer needs to be realistic. Any offer that’s too good to be true is probably a red flag.
- Sign-up offers have a top limit. For instance, a sports wager site may allow a 100% sign-up bonus with a maximum limit of Rs. 5,000. The site will only give you a maximum of Rs. 5,000 or 100% of your deposited amount.
- Sites that allow you to use Free Bets are great as you can test the platform beforehand without investing real money.
Tips for Selecting the Best Betting Offers
When selecting a betting offer, the best tip is to research the betting site thoroughly. As we’ve mentioned, never opt for sites trading on inside information. When selecting a no-deposit bonus, remember that the wagering requirements and rollover rates are high. All in all, if you’re confused about how to choose your offers, we can help you. With extensive research, we have concocted a list of the best betting offers you can avail of. You can also compare the offers and odds available on our website to select the ones that suit you the most. Check out our page for more information.
Online sports betting is the in-thing right now. With the latest trend and mass involvement in the same, this bandwagon is becoming a safer place by the day. Thus, if you’ve been interested in indulging in sports betting, now’s the right time to do so. Several sportsbooks online offer exciting incentives. Whether you’re an old bird or a newbie, there’s an offer right around the corner for you. Become a part of the vibrant world of online wagers and increase your stakes today!
Frequently Asked Questions
1. Do all sites offer free bets on sign-up?
No, not all betting websites offer free bets upon sign-up. However, a select few sites do, and you can opt to bet on them with ease. Check out our list of sites offering free bets for more information.
2. How does a maximum limit sign-up bonus work?
For instance, you deposit Rs.10,000 on a betting account, and the site offers a 100% sign-up bonus up to Rs. 8,000. You’ll get a sign-up bonus of an additional Rs. 8,000 and not Rs. 10,000, as this is the site’s maximum limit. However, if you deposit Rs. 6,000, you’ll get an additional bonus of Rs. 6,000 as it is below the maximum limit.
3. Which betting offer is the best?
All betting offers have an appropriate situation where they are the best. We recommend you avail of offers at the right time to gain the most out of each type!
4. What are the payment options for placing online bets?
You can avail of the mentioned offers via depositing your money through UPI, debit and credit cards, and net banking.