How to claim a welcome bonus
Updated: July 15, 2024
Published: February 28, 2024
Are you new to sports betting or have you recently opened an account with a new betting site and you need clarity on how to claim a welcome bonus? Then, you have come to the right place.
At EaglePredict, our goal is to simplify every betting related activity for you so you can have a thorough understanding of the market and the best features available.
On this page, we have broken down in easy to understand details, the various steps involved in claiming a welcome bonus from a betting site.
In other words, if you are looking a step-by-step guide on how to claim a welcome bonus, look no further as this article will take you through the nitty-gritty of the process including the types of bonuses in the current market, wagering requirements, validity period, minimum deposit and other relevant information.
With this, you will be able to identify the offer that suits you and understand the rules attached when you want to claim your welcome bonus.
A welcome bonus is one of the offers that different betting sites create for new customers. They serve as a form of incentive for the newly signed up users who enjoy a percentage of their first deposit, odd boost, free bet and other juicy packages.
Welcome bonus is a very important factor that determines a betting site’s level of acceptance by users and how highly such a bookmaker is rated in the market. In fact, before choosing a betting site, the bonus available and the amount you can get, all play a role in influencing your decision to settle for a bookmaker.
Hence, it is very crucial for you to get yourself acquainted with how to claim a welcome bonus. Not following the requirements or the terms and conditions stipulated by the bookmaker can lead to a forfeiture of the welcome bonus either in form of cash or free bets, depending on the betting site you have registered with.
This is why we will be giving you insight, tips and strategies on how to claim a welcome bonus.
How to claim a welcome bonus
- Look for a betting site that suits you
- Assess the welcome bonus offered and compare it with what’s available in the market
- Check the wagering requirements and other important details
- Register a betting account
- Enter a bonus code if you have one
- Make the required minimum deposit
- Claim your bonus
To unlock and actually use the bonus, you will need to:
- Meet the wagering requirements: This has to do with how many times you must stake the bonus amount. It varies depending on the bookmaker. For instance, Betano requires you to wager the bonus 10 times while on 1xbet you must wager the bonus 30 times, on Mozzartbet, the amount must be wagered 4 times. This is a very crucial part of the bonus and must be fulfilled before.
- Minimum odds: As you are about to wager the bonus, you must also consider the minimum odds. It can range from 1.20 to about 3.00 per selection. This also depends on the bookmaker involved
- Minimum deposit: This ranges from ₦100 to about ₦800. It is the amount you must deposit into your account to be eligible for a welcome bonus.
- Validity Period:This is the period of time within which you must fulfill the wagering requirements. It can range from a few hours to 30 days after registration.
Types of bonuses
As you begin your betting journey, it is important to note that we come bonuses come in different forms as outlined below.
- Cash: A percentage of your first deposit is given to you in the form of cash. It can be 50% , 100%, 150% or 300%. The amount is pegged at a maximum value. For instance, you can get 100% up to ₦100,000. This means the highest amount you can get is ₦100,000.
- Free-bets: Free bet gifts that can be used to wager on any game of your choice depending on the conditions set by the bookmaker
- Cash back: This is a form of compensation for lost bets. Some bookmaker offer this as an incentive for new users who lose their first bets
- Odds boost: This helps enhance your winning potential by giving you access to bigger odds, boosting your single and accumulator bets while positioning you for a huge win
- No matter the type of bonus you are going for, make sure to read the terms and conditions, wagering requirements and other information to avoid forfeiture of the bonus.