What is Bookie Bonus and Free Bet?

What is Bookie Bonus and Free Bet?

In order to attract players, sportsbooks usually offer bookie bonus and free bets. As a bookie, it is important that you know the different types of bonuses you can offer your client base. Also, it is important to know the conditions and restrictions on free bets and bonuses.

Creating a bookie bonus can be overwhelming for a new sportsbook operator. However, it is an important aspect of becoming a bookie. Promos and bonuses help bring in more players and keep existing players from leaving.

Bookie bonus is as important as competitive odds and good customer service. As a sportsbook operator, you should inform players of your bookie bonus so that they know what to expect from you.

Types of Bookie Bonus

This how to be a successful bookie tutorial tackles the different bookie bonus you can offer your players. Here are some of them:

• Free Bet – This is the most common type of bookie bonus you can offer. You give out free money but the player can’t withdraw unless they place wagers under specific conditions. For instance, you can offer $50 in free bets for players. When a player uses the free bet and wins $100, you only pay $50. That means the player’s balance will be $50, which they can use to bet or withdraw.
• Welcome Bonus – Also known as sign up bonus, it is another common promo for sportsbooks today. You can use the welcome bonus to attract new customers. On the other hand, you can offer free bets to new and existing players.
• Reload Bonus – You can offer this type of bookie bonus to existing players of your site. You can offer it throughout the year or for specific seasons only. Often, the reload bonus is smaller than other types of bonuses.

These are the common bookie bonuses you can offer to your players. Make sure you do your market research first before offering bonuses to your customers. Learn more bookie tips by visiting our How to Be a Bookie page.