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Everything you need to know about Sportsbook Sign-Up Promos & Bonuses

Sport and betting enthusiasts can claim that sign-up promo codes and bonuses are essential for any online sportsbook. The betting companies constantly invest huge amounts of money in such marketing movements, attracting more and more customers. Such campaigns show users how easily they can sign up and get hundreds of attractive prizes or collect promo codes that will help them double or even triple their winnings. For all sportsbooks’ clients, it is essential to maximize their chances of winning. The betting companies, by knowing that, use this bonus-promo mechanism to engage the attention of future customers. This article will provide you with the best ways to use the sportsbooks’ promos and bonuses. Find here the best sports betting sites in Brazil.

Bonus in the form of money

This is one of the most common ways of bonuses provided by sportsbooks. With a single click and signing in, you will get some cash in your account, which you can use either for betting or withdrawing. While signing for this kind of bonus, be sure you understood the promotions correctly. In some situations, the money provided to you by the sportsbook can only be used in the scope of betting and not withdrawing. By playing with that money in the near future, you may lose more than it was initially invested.

Free Bets as a type of Promos

In this type of bonus, you are getting some small amount of money (for example, $5, $15, etc.), which you can use only for betting, and if you win anything with that money, you can withdraw the profit or continue playing by making higher bets.

Risk-free bets

In these situations, a sportsbook provides you, for example, a $500 risk-free bet. This means if you invest $500 and win, then everything is fine, and you can withdraw your winnings, but if you lose, you get free bets on the amount of your loss. And again, the trick here is that you will remain empty-handed if you lose those free bets. So the term “risk-free” does not exist in sportsbooks.

Drawbacks of free bets

Most betting companies provide you with some amount of free bets, which means you are making a bet without using any cash or coupons. At the first sign, those kinds of free bets are an extremely easy way to win huge amounts of money, but they have their disadvantages, too. For example, you can not make a bet on things that have a considerable probability of happening. Also, even if you could make a bet, the chances that you will win more than the expected value of that bet are extremely low.

Imagine with your 70$ free bet; you are betting -500 favorites. The win amount of that bet is 40$. And the probability of winning is 69.27%. With these statistics, the expected value is 69.27% * $40. So if you make a huge amount of bets, your initial $70 will become approximately $28.

Be careful with fine prints

What you see or hear in the advertisement is not always the truth. Sometimes everything is much more exaggerated. While reading the information about some bonuses, be sure that you paid enough attention to the most important things written with a smaller font size, and in most cases, you can even not notice them. Without reading those small and unnoticeable parts, you may become victims of such fake advertisements.

To conclude, bonuses, sign-up promos, and coupons are an extremely easy way to attract customers; that is why most sportsbooks invest too much money into advertising their services. At the first sign, the offers may seem harmless and profitable, but before deciding whether to use them or not, one must consider all advantages and disadvantages of that offer. Everyone may agree that the huge amount of money written on the posters or the pages of those sportsbooks catches your attention, even if you are not into betting.

 But in most situations, you will not end up even closer to that money; also, the “free bets” that sportsbooks give as promos are not free, and “risk-free bets” actually contain huge risks. Small and easy calculations which are accessible to everyone may save them from being deceived and will help to double or triple their winnings.

Fry Electronics Team

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