As sports betting continues to grow, more and more bettors are recognising the opportunities in it. With more sports leagues being established lately, this upward trend is expected to continue.
If you are already in the sports betting gang or wish to be a part of it, you could increase your earnings from the booming market with the help of sportsbook bonuses. You can head to Bambet, the best betting site 2023, to check out the different bonuses available for you.
5 Popular Bonuses You Should Know About
Before you get started, let’s discuss a few common bonuses offered by sports bookmakers and what they represent.
Free Bet
This is one of the most common types of sportsbook bonuses. If you get a free bet bonus, you can bet the bonus amount fully or partially. Some sports bookmakers club this with a risk-free bonus, meaning that irrespective of the outcome, the bettor will get the winnings or bet amount in real money with the bonus amount written off.
Cashback Bonus
All the 2023 best sports betting platforms offer some form of cashback bonuses. In a cashback bonus, a certain percentage of the bet amount is returned in the form of a free bet or wager bonus. It is often offered against lost bets, giving players some motivation to carry on.
Wager Bonus
Most online sports betting sites offer attractive wager bonuses. Wager bonuses are those that require a bettor to meet certain wager criteria before they can cash it out. If the wager is x10, the bettor has to place wagers amounting to the bonus and deposit value multiplied by 10. It may be offered in the form of a welcome or sign-in bonus, or some special event bonus.
Bet Insurance
This is usually a paid service taken by bettors to insure their betting amount partially or fully when they are not sure of the outcome. However, many online sports betting platforms have started offering it as a bonus to help players reduce their losses.
Express Bet of the Day
This is a type of sportsbook bonus where a select set of events are given bonus rates. The bookmaker offers express bets with bonus rates applicable, and the player accepts the terms if they wish to bet. If the player makes any changes, it will turn into an ordinary express bet with no odds multiplier on it.
While exploring sportsbook bonuses, it’s advised to compare offers by numerous bookmakers so that you can pick the one that’s best for you.
Groundbreaking Sports Betting Trends in 2023
Bonuses may be one of the biggest perks of online sports betting, but it’s your knowledge of current affairs that will help you identify profitable betting opportunities. Here are a few trends that are shaping the sports betting markets this year.
Increasing Popularity of Live Betting
Online sports betting has evolved beyond pre-match bets. This year will see further growth in live or in-match betting, which allows players to observe real-time game dynamics and grab lucrative betting opportunities. If you wish to stick to outrights, you can click here to explore your options.
Blockchain and Cryptocurrency Implementation
The introduction of blockchain technology will simplify the monitoring and maintenance of past-event analytics. Use of cryptocurrency may also make the process hassle-free with faster processing, lower fees, and high security.
Boost in Mobile Betting Figures
This year is witnessing the unprecedented popularity of mobile betting. With powerful smartphones and innovative features being released, most of the 2023 best sports betting sites are offering mobile platforms or upgrading their websites to mobile-first designs.
AI for Personalisation
Efforts are being made to use AI in the online sports betting industry to study bettor behaviour, gather data, and eventually offer personalised betting experiences for each bettor based on the collected data. This will be immensely useful to bettors of all tiers.
Incorporation of Esports Betting
While live sports are rocking the online betting market, esports are not to be left behind. Gaming tournaments involving favourites like Counter-Strike: Global Offensive or Dota 2 are being recognised as high-potential betting markets by the top global bookmakers.
Now that you know the basics of sportsbook bonuses and latest trends in the online sports betting industry, you can make the best use of available offers to optimise your gains in 2023.