All You Need To Know About Bonuses and Promotions For Sports Betting

Online sports betting is one of the booming businesses not only in the Philippines but also around the world today. The high demand for betting markets has spiked stiff competition among betting companies. As a result, many sports betting companies are offering different incentives like welcome bonuses, reload bonuses, match bonuses, etc. to attract many punters to join. Find out all there is to know about bonuses and promotions, how bonuses work, types of bonuses, how to pick good bonuses, and answers to some of the most common questions.

How Do Sports Betting Bonus Work?

Are you new to online sports betting bonuses and promotions? Don’t worry we have your back. It’s quite simple to understand how the bonus offers work in the betting industry. The first and foremost thing to note is the terms and conditions attached to offers. Every online betting site has unique terms and conditions to be met before the bonus winnings can be withdrawn. Understanding simple terms like the wagering requirements and the time frames will put you at a better place of benefiting from them. One of the key requirements before you can claim a bonus is registering as a member of the sports betting site. Depending on the site you are using, you may be required to deposit money before claiming the bonus.

Here Are Some of the Best Bonuses in 2024:

1

Welcome Bonus 100% up to $500

4.6

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2

Welcome Bonus 100% up to ₱6,000

4.5

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3

First Deposit Bonus 100% up to ₱6,000

4.5

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4

Cashbackbonus up to 0.5%

4.5

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5

Welcome Bonus 100% Up To ₱7,500

4.5

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6

First Deposit Bonus 100% up to ₱9,000

4.5

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7

Freebet Bonus ₱500

4.5

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8

Welcome Bonus 100% up to ₱5,000

4.4

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9

₱20 Sabong Bonus

4.4

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10

100% First Deposit Bonus up to ₱6,000

4.4

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11

Welcome bonus of 200% up to ₱25000

4.4

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12

Welcome Bonus 50% up to ₱2,000

4.4

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13

Welcome Bonus 100% up to $150

4.4

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14

Welcome First Deposit Match Bonus 180%

4.4

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15

Welcome Bonus 100% up to 6000 PHP

4.4

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16

Welcome Bonus 100% up to $100

4.4

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17

First Deposit Bonus 100% up to ₱20,700

4.4

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18

Win up to 100,000 USDT Every Week

4.4

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19

No Deposit Bonus 100 PHP Free Bet

4.3

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20

Welcome Bonus 100% up to ₱60,000 + ₱6,000 Free Bet

4.3

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21

Welcome Bonus 50% up to $200

4.0

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Why Do Sports Betting Sites Offer Bonuses

As aforementioned, online sports betting sites offer bonuses and promotions for various reasons. Here are some of the reasons why both new and old betting platforms are rewarding customers:

• As a way of encouraging loyal customers to continue betting on the site.
• Attracting new members to join.
• To survive the stiff competition in the market.
• Promoting a new product or payment method.

Top Sports Betting Bonuses

There are numerous types of online sports betting bonuses and promotional offers available for the Philippines. Note that the type of bonuses will vary from one platform to another. The following are some of the most popular bonus offers:

Welcome Bonus

Many sports betting sites offer new customers generous welcome bonuses when they register. The size and types of welcome bonuses will vary depending on the betting site. The most popular form of welcome bonus is cash which is credited after a new account has been verified. 

For example, a casino can reward a 100% welcome bonus up to 7500 PHP to all new members.

Free Bet Bonus

This is a very popular online sports betting bonus offered to new Filipino punters when they register. Usually, the bookmaker offers customers a certain amount of money that can be used to place bets on different sports. The best thing about this bonus is that you get to keep the winnings. Note that there many types of free bets, such as free matched bet, bet and get, free bet if you lose, multi-step offers, deposit bonuses, and others.

Deposit Bonus

This is probably the most common bonuses you cannot miss in an online sports betting site. The sportsbook matches your deposit up to a certain amount to boost your bankroll if you win. For instance, a bookmaker offering a 100% deposit match bonus up to 200 PHP. That means that if you were to deposit 100 PHP, you’ll receive an extra 100 PHP.

Deposit Method Bonus

Payment or deposit method bonus is another popular offer in the sports betting industry. In this case, the operator rewards customers for depositing funds into their account using a specific payment system. Many operators do this to promote a newly added deposit method to the site. Note that the limits and percentage of the bonus will vary depending on the bookmaker you are using.

Reload Bonus

Some online sportsbooks offer to reload bonuses to existing customers as a way to retain them. Punters are rewarded for being loyal to the site. Normally, these bonuses are smaller than the deposit bonus and require less money to bet. At most times, sportsbook reward customers reload bonuses when a customer breaks from betting for a while. It’s essential to understand that when you claim a reload bonus, it comes with new terms and conditions.

Cashback Bonus

Many Philippine bookmakers reward customers they bet on different sports markets. Here, the casino offers a percentage of your losses back in real cash.This is usually a way to enable you to accumulate points that can be redeemed or enable you to rise through the VIP level. We strongly recommend sportsbooks with multilevel VIP programs if you are planning to place many bets.

No Deposit Bonus

You will come across some online betting sites that are very generous to the point that they reward you for simply signing up an account. However, most of the no deposit bonuses come with high rollover requirements that prevent customers from cashing out winnings instantly. In many cases, no deposit bonuses are lower and vary in size. 

Bonus on Loss

Imagine being rewarded when you lose a bet! Yes, some online sports betting sites will reward you when the bet losses. However, you must have placed a wager of a certain amount before you can claim this offer.

VIP Bonus

When you bet on a platform with a VIP club, you’re entitled to different exclusive bonus offers. The size-types of VIP bonuses usually vary depending on your level. 

Refer-a-friend Bonus

This bonus is just the way it sounds. You are rewarded for referring a friend to sign up at a bookmaker. The amount you receive usually varies between $50 and $150. The money can only be sent to your account after the referred friend has signed up and deposited.  

Comped Bonus

This type of bonus is given to a loyal and regular customer to any online sports betting site. Some operators may reward these bonuses on birthdays, Christmas, or any other big celebrations on the calendar. The best thing about this bonus is that you don’t require to deposit funds to get it.

Enhanced Odds Bonus

Plenty of online betting sites are now rewarding enhanced odds or numerous sports events. The best way to benefit from this bonus is by constantly hunting for bookmakers with enhanced sports betting markets.

Other Bonuses

Besides the above-mentioned bonuses, Filipinos can claim other popular offers such as double odds betting bonuses, consolation bonuses, a monthly betting bonus, a mobile bonus, etc.

Welcome Bonus 100% up to ₱6,000

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How to Pick Good Bonuses – What To Look For?

As you may be aware, all bonuses are not created equal, this is why there are a few things that need to be considered first. Here are a few things we have highlighted to help you choose the best sports betting bonuses:

• Bonus Amount – The amount of the bonus is very crucial. You need to choose a sports betting site with big bonuses to boost your bankroll.
• The validity of the Bonus – You should look for online betting platforms that offer bonuses with a reasonable period. The timeframe should enable you to play through your bonus without struggling.
• Wagering Requirement – The betting site should offer bonuses with a standard playthrough requirement. Normally, a bookmaker may award you a free bet but demand that you play it over a number of times (at least 20x) before you can cash out.
• Percentage – Bookmakers invite people to join their sites and reward them a match on the first deposit, which is popularly known as a welcome bonus. They usually award a 100% match or 200% match of your deposit.
• Available Sports – It is essential to consider the types of sports you can bet using the rewarded bonus. Some bonuses are limited to specific sports. You need to choose a betting site with bonuses that cover all sports.
• The reputation of the bookmaker – The general reputation of the bookmaker is also very essential when it comes to deciding whether or not to claim a bonus. Avoid rushing for betting sites with exaggerated bonuses.
• Minimum odds – you should check whether the bonus has minimum odds required before claiming. The minimum odds usually range between 2/5 and 1/1.
• Bonus code – some bonuses will require you to enter a bonus or promo code before you can claim it. However, not all bookmakers have bonus codes.
• Supported Bet Types – certain bet types don’t usually count for wagering requirements. Some will not put any restrictions that minimum odds on the eligible wagers for the bonus.
• Consider the general terms and conditions of the available bonuses

How to Claim Bonuses

If you are wondering how you will claim bonuses at your selected sportsbook, worry no further. Redeeming a bonus at an online sports betting site is not complicated as such. Many bookmakers have guidelines to help customers claim the bonus. In this section, we have provided a step by step guide to claiming any bonus offer:

1 – Register at your preferred online sports betting site.

2 – Go to the Cashier section on your homepage

3 – Select your preferred deposit method

4 – Ensure that you have the correct code (if any)

5 – Wait for the sportsbook to confirm

6 – Start placing bets

7 – Make sure that you have adhered to all terms and conditions.

Note: There are online sports betting sites that will credit the bonus directly once you top up or register a new account.

Get a Bonus from a Mobile Device

Thanks to the availability of mobile devices like smartphones and tablets, you can claim bonuses from wherever you are. Many online sports betting sites have developed mobile apps to ensure that all their customers never miss an opportunity of winning. Whether you are betting from an Android or iOS-powered devices, you will be able to claim the offers. What’s even more exciting is that you don’t have to download an app as some websites are optimized to be accessed instantly through standard web browsers like Chrome, Firefox, Opera, and Safari.

Conclusion

Almost all online sports betting sites offer customers with different bonuses and promotional offers. As we have mentioned, bonuses come in different shapes, types, and for varying purposes. Before you think of claiming any bonuses, you need to have read and understood all terms and bonuses. However, if you want to maximize your chances of winning big, you need to start betting with a bonus only after you carefully read its conditions. Generally, we highly recommend that you consider honest reviews from our website and also from other punters. 

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