Best Loyalty Bonus 2024 | Top (10) Sports betting Casinos

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.

Using loyalty bonuses

When a player registers an account with an online bookmaker and makes their first deposit, they are instantly enrolled into a loyalty reward program, depending on the betting site they are playing at. Loyalty bonuses have different names; loyalty rewards scheme, VIP rewards scheme, or any words to that effect.

A loyalty or sports betting bonus, irrespective of the name that it goes with, is fundamentally the same. The only difference with this incentive is usually the amount of the bonus you can get. It is common to find some games or bookies offering more bonuses per dollar wagered than others do. So players are always advised to read the respective terms and conditions to discover what it takes to qualify for these incentives.

Turn loyalty bonus into real money

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.

Things to look out for in a loyalty bonus

Undoubtedly, loyalty bonuses from different bookies are not created equal. While players could be entered into some loyalty programs automatically, they must pay attention to what it entails to be subscribed to any loyalty program.

When choosing a loyalty program, the three aspects that influence a player's ability to turn any loyalty bonus to real cash mentioned above (wagering requirements, payout limits, and expiry dates) should feature. However, there are many other parameters to consider when choosing a sports betting loyalty bonus. These include:

Loyalty bonus amount or rates
Games included in the loyalty program
Nature of loyalty program, e.g., VIP points and cashback bonuses
Reviews from other players

Understanding loyalty bonuses terms and conditions

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.

Wagering requirements for loyalty bonuses

Should a player receive a loyalty bonus, they should understand that these bonuses are often pegged on some wagering requirements. However, unlike other rewards, loyalty points have relatively low wagering requirements. For instance, a player might be required to wager the bonus at least once (1x) instead of other perks that have to be wagered several times.

It is also worth noting that some sportsbooks offer loyalty as free cash. Though rare, loyalty bonuses with no wagering requirements are usually in the form of free money that can be withdrawn without placing a wager.

Which sports offer loyalty bonuses?

Most sportsbooks today are confined to specific sports. It is expected to find a bookmaker covering a long list of sporting events, some of which might not be included in the respective bookie's loyalty reward programs. As a result, the question (which sports offer loyalty bonuses?) is often welcomed in online gaming circles.

Gladly, the uptake of loyalty bonuses in sports betting circles has been immensely positive. Today, most bookies cover more betting events than before, with the number expected to increase even further. Some sports feature prominently in loyalty program schemes, albeit different ones. That said, here are some sports that usually offer loyalty bonuses.

Football loyalty bonus

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.

Horse racing loyalty bonus

Besides everyday rewards to entice new players, racebooks also extend loyalty bonuses to their customers. Most of these betting sites employ well-defined loyalty schemes that let horse racing bettors earn points whenever they place a bet. And once players accumulate a certain number of points, they are allowed to convert them into cash, which can be used to place real money wagers.

It is also worth noting that some bookies employ wager rewards loyalty schemes. Under this scheme, a player could earn a point for every dollar wagered, along with an extra point for a similar amount when they place specific bets such as _e_xactas and pick 6.

High rollers in horse racing can also take advantage of the VIP loyalty program. Under this program, high rollers are accorded special privileges, usually more than those listed under the 'general' loyalty program, such as extra deposit bonuses or reduced wagering requirements.

Whichever the case, the rebate potential for most loyalty schemes is usually determined by a mix of bets placed. While loyalty bonuses are often small in percentages, they often add up to provide the much-needed bankroll boost.

Basketball loyalty bonus

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

For the vast majority of sports fans, betting is considered a fun pastime activity, just like most forms of entertainment. Unfortunately, there are instances when gambling spirals out of control.

Gambling addiction often leads to unnecessary difficulties. However, success in gambling takes more than just placing the winning bets. Players have to find ways of making smart bets. That said, here are some responsible gambling tips for sports bettors.

Having a budget: Recreational sports bettors might not have severe issues regarding money management. However, the overriding principle is that players should always gamble only with what they are willing to lose.
Avoid chasing losses: The temptation to place a bet right after losing one can be irresistible. Chasing losses can prove costly owing to the random nature of sports outcomes. Decision-making is critical here, but it is also advisable to set a stop-loss limit to preserve your bankroll.
Embrace self exclusion: Anyone with some gambling concerns should undoubtedly consider self-exclusion. In the case of sports betting, this essentially means excluding oneself from online sportsbooks as a way of avoiding gambling irresponsibly.

Additional tips on responsible gambling

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.

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