Betting Bonuses Using Bitcoin

While it is never really suggested you do it, the bulk of people out there will choose their betting site based upon the strength of the betting bonuses alone. It's a question we're asked about quite a lot of the time too; which betting bonus is best? Should I take a betting bonus? We at Bitcoin Betting Sites think that it's a personal choice, however on this page, we want to take a look at why betting bonuses exist and, perhaps more importantly, the types of bonus that you will be able to enjoy.

Why do betting bonuses exist?

Because the world of online betting is incredibly competitive. Study after study has demonstrated that when somebody signs up to a website, it is likely that that is where they are going to be betting for the rest of their days online. While you may be the type of person to hop from website to website, the bulk of people out there are not. 

This does mean that these sites really only have one shot at trying to gain you as a customer. If they fail, they have pretty much lost you for life. Since every other site out there is offering betting bonuses, it is something that they need to offer as well. All the sites are going to be trying to outdo one another too, which means that you are really going to have your pick of places to play.

It is important that you take the time to research the other stuff that the site brings to the table, though. There are a lot of people out there who make the mistake of signing up to a site based on the strength of the bonuses alone. They seem to forget that sites really need to bring a whole lot more to the table than just this, otherwise the gambling experience is not going to be that great.

Welcome Bonuses

Betting bonuses can broadly be broken down into two categories (we will discuss the other category in a short while). The one that you will likely encounter the most will be your welcome bonuses, and from the outset they may seem like the best bonuses that the site offers (they tend not to be)

If you have gambled online before, particularly at an online casino, then you will likely find that welcome bonuses for betting sites are a bit different to the types of bonus that you will find at an online casino. For starters, they are going to be for a smaller amount.

When you gamble at an online casino or betting, you will often find that the site will match your initial deposit up to a couple of hundred quid. That isn’t the case with betting bonuses, because you are more likely to win with them if you play your cards right. They may match your deposit up to £10 or £20. Nothing extravagant, but you will be pleased to know that there are often fewer terms and conditions attached to this type of casino bonus.

If there is a major sports event on, then the welcome bonuses may not even be matched deposits. Instead, you are going to get crazily amazing odds on a sure fire event. Let’s say, for instance, Manchester United are playing Ebbsfleet United. A sensible person would say “yeah, Manchester United are going to win” and the odds will reflect this. Of course, the site wants you to bet on these events, so they may offer odds of something like 20/1 for Manchester United to win. There will be terms and conditions attached to this, though.

Loyalty Bonuses

This is the second type of bonus that you will be able to enjoy when you sign up to an online betting site. These are probably going to be the most lucrative type of bonus that you can get, because it is in the best interests of the online betting site to keep you coming back and gambling more.

They are not going to be that different to your welcome bonuses. So, you may get better odds on some events, or you may get matched deposits. Where they differ will be the fact that you will be able to benefit from them more frequently than the welcome bonuses (which you will only be able to benefit from once!)

Always Read the Terms & Conditions!

We can’t stress how important this is. Always make sure that you read the terms and conditions of any betting site that you are signing up to. You will want to know what you can and can’t do with the bonuses that the site has given you

Check out the best betting bonuses below

If you want to start diving into the best betting bonuses sooner rather than later, then check out the list below. You will be surprised at how many great bonuses there are out there to enjoy.