Claim your Loyalty Bonus 2023

Why do sportsbooks offer loyalty bonuses anyway? While this is primarily seen as a message of appreciation, in truth, bookies that offer loyalty bonuses do that intending to keep players betting with them. But irrespective of their intention, the bottom line is that they ensure that players get the most value for their money.

So sports bettors are advised to be mindful of getting these incentives while signing up with betting sites with loyalty bonus as it could significantly impact their bankroll.

As mentioned before, wagering requirements play a crucial role in utilizing welcome bonuses. That said, here are some essential factors that could prove vital for any player who seeks to turn loyalty bonuses into real money.

Wagering requirements

More often than not, the amount offered to players has to be wagered on certain sports several times. Playthrough requirements should be the first thing that any player looking to convert sports betting loyalty bonus points to real money should consider.

Payout limits

Payout limits should interest any bettor keen to convert a loyalty bonus to cash. Most players do not even realize that some loyalty bonuses are subject to maximum payout rules. As far as sports betting goes, the rules can vary considerably and are not just confined to a specific sport but the particular leagues or betting markets.

Most players tend to be a little bit confused over payout limits, especially those who do not often bet. The approaches used in setting payout limits often vary. Some bookies set daily, weekly, monthly, or annual limits. Whichever the case, players should be aware of such limitations to avoid being disappointed when they hit that big win.

Expiry dates

Sure, most bonuses offered by sportsbooks are not designed to last forever. Typically, this means that players should ensure that they complete the wagering requirements before it lapses. Failure to meet the wagering requirement before the bonus expiry lapses could see a player lose the bonus amount and any wins accrued to it.

As mentioned before, some sportsbooks reward players for playing with them using loyalty bonuses. Fundamentally, a loyalty bonus is earned every time a player deposits and wagers at an online sportsbook. Some of the rewards listed under loyalty programs include redeemable loyalty points. Most online sport betting sites only allow players to redeem their loyalty points upon reaching a certain threshold.

Fundamentally, loyalty points are usually wager-based. The points accumulated are generally proportional to the volume of wagers placed. However, players are always advised to check which games contribute to the loyalty program as some bookies might restrict certain games.

How do sportsbooks calculate loyalty points? When awarding points, most bookmakers employ a point system, say one point for every $10 wagered.

Football is undoubtedly the most wagered game in sports betting circles of all American sports. And for football betting, the NFL is the most popular league, with both local and offshore bookies swarming over new customers every other season.

Loyalty bonuses play a vital role in the world of football betting. Fundamentally, the variety and nature of these bonuses often vary from one bookie to another. That said, what are the different types of loyalty bonuses offered to football players?

General casino bonus

Some sportsbooks often include general casino bonuses to their loyalty bonus scheme. Football loyalty bonuses include match ups, reload no deposit and enhanced odds. The player's tier often determines the level or nature of the bonus. Ideally, higher tier players often enjoy more favorable requirements than those in lower tiers.

Tiered loyalty bonuses

As the name suggests, these loyalty bonuses are often attached to the various tiers involved in sports betting. While they are not limited to football bettors, they are remarkably resourceful. Players are obliged to wager a great deal to qualify for tiered loyalty bonuses. In exceptional cases, some sportsbooks might also provide a window where they can buy points to be eligible for high-tier promotions.

Cashback bonuses

Cashback bonuses are also included in loyalty bonuses. However, bettors earn points for every wager they make with cashback bonuses, usually dependent on the amount wagered. Most football betting sites offer these incentives in the form of free cash or credits that can be used to place real money wagers. With most loyalty bonuses, players higher up the tier stand to get better conversion rates and wagering requirements.

If something brings satisfaction to sports bettors, it is placing wagers using bonuses and winning. The basketball loyalty bonus enjoys massive appeal. While players might be keen to take advantage of other benefits alongside the loyalty bonus, the basketball loyalty bonus is undoubtedly any player's delight.

The point-based loyalty program is undoubtedly the most common methodology employed by online sportsbooks. Frequent bettors stand to earn points that can be converted into a freebie and cashback bonus or any other offer.

Some sportsbooks might also employ a tiered loyalty program. These loyalty bonuses serve to strike a balance between attainable and desirable rewards. Under this system, players are offered smaller incentives as they move up the loyalty ladder. In this system, players find it easy to remain committed to the bookie site.

A Game-specific loyalty program is quite common in basketball betting circles. Sportsbooks mostly employ this bonus in a bid to solidify their presence in a specific niche, say basketball. Some casinos offer only loyalty points to basketball bettors and not other games. When put into perspective, this is usually a way of solidifying a bookmaker's brand without making customers feel as though they are being forced to wager on any game.

Responsible gambling is mostly about exercising discipline and making rational decisions while placing wagers. While the tips shared above can prove helpful, these extra suggestions should help too.

• Avoid placing wagers while drunk
• Try quitting after a big win
• Never borrow to gamble
• Always remember that betting should be a fun hobby, not an avenue to making money.