3 Things you should know about Online Sports Betting and Gaming
June 6, 2020
When online betting firs launched in the late 1990s, it was easy to make money online as companies enticed new customers with extremely generous offers to encourage loyalty. Today, the market is more efficient so making money is not as easy as it was, but with so much money being gambled and fierce competition, the pace of innovation and development will see the industry evolve to include augmented reality and virtual reality for a betting and gaming experience we can only imagine right now. This will keep casual gamers and bettors entertainment whilst keeping open the potential profit for match-bettors.
Choosing a Sports Betting Site
When looking for a sports betting site, you want one that is reputable, trustworthy and offers everything you need. This is something you need to find for yourself as what is available to you is affected by your geographical location.
With so many sports betting sites, there are plenty of online sites to choose from, whether you are interested in traditional sports, Esports, casino games or bingo. Whether you are looking for the best sports betting site or the best site to play online bingo you can simply check recommendations from reputable sources for sites that are safe and secure and which have been tested by the source, rather than just based on others opinions.
Think about what is important to you, if you want one of the less mainstream sports or a live betting platform for example. You can always contact customer support if you have any questions, and if they cannot help, take that as a warning that they may not be the best site to you. Also, watch out for unlicensed, which means unregulated, betting sites where you run the risk of being ripped off or cheated in some way.
Bonuses and free bets
Bonuses for new clients can be substantial, but restrictions on cashing out can make them far less appealing, so the larger bonuses may not be the best. A cash bonus to match your first deposit on account, up to a set amount will always have rules to follow before you can withdraw money from your own account. A no deposit bonus allows you to play for real money without risking any of your own money, but again rules will restrict when you can withdraw these winnings from your account.
Free plays or free bets are useful as they offer the chance to try games or bets without risking any of your own money, but the money you win is not real either. These freebies are given as an opportunity to trial the site before investing your own money.
If you are serious about making money you are likely to want to ignore bonus offers because they tie up cash for a long period. For example, bonuses have to be wagered at least 20 times before you have freedom over your cash.
In contrast, promotions exclusively for members are worth checking out as they will have fewer strings attached. You will usually need to sign up for these updates.
One of the significant benefits of online sports betting and gaming is the loyalty rewards. Each loyalty programme has its own system to show appreciation of your betting activity, but as a loyal client, these programmes can make a big difference to your bankroll.
The best rewards for loyalty go to customers that place a significant number or value of bets over a particular time. Sites will calculate points based on types of wagers made and the value of those bets. The higher the number of points, the better the rewards, though the levels are different on each site. Some keep it simple allowing you to exchange points for free bets or material prizes but vary across sites.
Some sites have points that encourage customers to climb tiers for bigger and better rewards. If there are cashback bonuses the highest tiers will get a larger percentage back on losses for example. Money back on all losses is the most common reward in tier-based rewards programmes, with the highest tiers getting a higher percentage return.