Betting Promotions or Online Casino Bonuses: Which is Better?

Betting and gambling hobbyists enjoy using online platforms that allow them to partake in these activities. If you’re someone who enjoys both betting and gambling, but you can’t decide what’s the better bonus for you, you’re in the right place. In this article, you’ll find out what type of bonus is best and how to find it. Keep reading to learn more.

Before we jump into any details, it’s essential to understand that the best PA sportsbook promos differ in various ways. To have a clear picture of what we’re talking about, let’s first explain what online gambling bonuses are and why online platforms offer them in the first place.

What are Online Gambling Bonuses?

Online gambling bonuses are an incentive for new players to register on online platforms. Companies offer these bonuses to attract new players that enjoy both sportsbooks and casinos. Over the years, the competition has become very serious, and an increasing number of brands are offering generous bonuses. However, high values don’t always mean that a welcome bonus is good. Here are a couple of essential things to consider:

• Minimum deposit requirement – How much will you have to spend in order to claim the welcome bonus? While this is not an important thing for some players, others who are running on a budget take this requirement very seriously. Generally speaking, you want to opt for a bonus that provides you with plenty of flexibility and starts with a low minimum deposit.
• Wagering requirements – When it comes to wagering requirements, the only thing to keep in mind is – the lower they are, the better. It simply means that you get access to the bonus funds sooner, and you can withdraw them to your bank account.
• Supported payment methods – Last but not least, you need to pick a bonus that you can actually activate with your preferred payment method. So no matter if you’re using one of the popular cryptocurrencies or payment providers like PayPal, Neteller, or Skrill, you need to be able to activate the bonus. Some brands don’t allow these payment methods to activate bonuses.

Now that you’re familiar with the basics, here are the most common bonuses for betting and gambling.

What are the Most Common Betting Bonuses?

Most common betting bonuses come in only a couple of forms. They include:

• Risk-free first bet – This type of promotion is perfect for risk-takers. It allows bettors to place a riskier first bet, knowing that they’ll receive a refund if they lose the first bet.
• Free bet – other brands offer a free bet promotion when new players make the first deposit. It’s a great bonus for beginners as they get a bonus bet to have fun while betting.
• Bet credits – Bet credit promotions are popular due to their flexibility. Unlike a single risk-free bet, or a free bet, players can use bet credits for multiple bets. However, the caveat is that they are lower in value.

These bonuses are characteristic of betting, and the most popular ones are the risk-free bet, also known as first bet insurance. While many brands also offer bet credits, they usually come with a lower value.

What are the Most Common Online Casino Bonuses?

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On the other hand, online casino players look forward to a couple of different bonuses upon registration:

• Free spins – Brands offer free spins on select games for new users as a reward for making a deposit.
• Matched deposit bonus – This is the most common casino bonus because it comes with the highest value. Players can claim thousands of dollars of bonus funds this way, if they make high enough deposit.
• Cashback bonus – This is a unique welcome bonus that only some brands have in their offer. It means that a part of all losses that a player undertakes during the first 24 to 48 hours will be refunded in the form of cashback funds.
• No deposit bonus – Players love getting free stuff, and some casinos offer free spins or bonus cash to players who simply open a new account.

Which Bonus is Better?

When it comes to picking the best option, things get a bit tricky. First, it all comes down to whether you prefer betting or casino games. The biggest difference comes down to playthrough or wagering requirements. These are usually much higher with casino games, but they are usually in higher value.

The best thing might be to find some kind of compromise. In the evergrowing casino industry, you’ll find plenty of dual platforms that offer both a sportsbook and casino sections. Many of them decide to offer bonuses that provide something for sports bettors and casino players. Picking that option might be the best solution. Otherwise, it comes down to what you’re going to do on the platform of your choice.

Conclusion

As you can tell, picking the right bonus comes down to your preference. The crucial thing is to pay attention to wagering requirements. That will determine the actual value of the bonus in question. Don’t forget it’s also important to pick a trustworthy platform that will pay out your potential winnings from a bonus. With all the above details, you’ll be able to easily find an online platform with just the perfect bonus for you.

This is a paid guest post.