Bitcoin Sportsbook Bonus
There are many Bitcoin sportsbooks on the Internet and their number is increasing more and more. They allow sport fans from all parts of the globe to bet on their favorite sport event online using the new virtual currency Bitcoin.
Because of the tough competition, Bitcoin sportsbooks use many different strategies to catch the eyes of new bettors. One effective strategy is by offering different types of sportsbook promotions and bonuses.
Best Bitcoin Sportsbook Bonus
| Rank | Site | Description | Rating | Bet Now |
|---|---|---|---|---|
| 1 |
|
Top Rated Sportsbook with Exclusive Bitcoin Raffles | Visit Now Review | |
| 2 |
|
Premium Bitcoin Sportsbook | Visit Now Review | |
| 3 |
|
Very Popular Bitcoin sportsbook brand | Visit Now Review |
The bonus offers are usually the first thing you see when you visit an online Bitcoin sports betting site and in most cases it is a welcome/deposit bonus or free bets. The bonuses are “free Bitcoins” a site is giving to new bettors as a warm welcome or to regular bettors for their loyalty.
However, not everything is free as it seems. The bonuses come with terms and conditions bettors must meet in order to claim the bonus and cash it out. Therefore, before claiming any type of bonus carefully read these restrictions. Continue reading to learn more about the types of Bitcoin sportsbook bonuses and how to claim them. In addition, read about their advantages.
How to Claim Bitcoin Sportsbook Bonuses
In most cases, to be able to claim a Bitcoin sportsbook bonus you need to make a deposit. Some bonuses, such as the free bets don’t require a deposit, but others like the welcome, match or deposit bonus require a deposit of certain amount of Bitcoins.
To make a deposit, log into your already registered Bitcoin sportsbook account and click the Deposit button. Enter the Bitcoin address you want to send Bitcoins to and the amount of Bitcoins you want to deposit. Pick the bonus you want to claim. In some cases, you may be required to enter a specific code. Once the deposit is processed, you should get the bonus amount into your account balance.
All types of Bitcoin sportsbook bonuses must be bet a number of times on particular sports over a specific period of time. Some bonuses are given in smaller units, other at once. Regardless of the type of bonus, it is always advisable to read its terms and conditions, especially its turnover requirement.
Types of Sportsbook Bonuses with Bitcoins
The following are the most common types of sportsbook bonuses that can be claimed at many Bitcoin sports betting sites:
- Free bets
- Welcome bonus
- Reload bonus
- Refer-a-friend bonus
- Reduced Juice
Free Bets
The free bet bonus offer is very popular mainly because it doesn’t require any Bitcoin deposit. It has fixed prize and can be used to bet on various sports as well as horse races. Many Bitcoin sports betting sites offer the free bet bonus at sign up or as a “thank you” reward to be used during sport events like the NFL Super Bowl allowing bettors to bet on the NFL with Bitcoins.
Welcome Bonus
The most common type of Bitcoin sportsbook bonus is the welcome bonus. For example, a sportsbook may offer 100% welcome bonus up to 0.3BTC. To claim this bonus you have to deposit at least 0.1BTC up to 0.3BTC and the sportsbook will match it. The turnover requirement for the bonus is 5x.
Reload Bonus
When it comes to boosting your Bitcoin account with extra Bitcoins, make sure to take advantage of the reload bonus. This bonus is in fact a percentage bonus given on the amount of Bitcoins you deposit over a certain period of time. The percentage, though, is slightly lower than that of the welcome bonus. To cash out the bonus you must bet it a couple of times.
Refer-a-friend Bonus
This bonus is given to existing bettors that refer their friends to a Bitcoin sportsbook. If your friends sign up and make a deposit, you both get a bonus of certain amount of Bitcoins that must be turned over a number of times to be able to cash it out.
Reduced Juice
A juice is the amount Bitcoin sportsbooks charge to bettors for processing their bets. By offering reduced juice on specific sport events bettors can place bets that increase their chances of winning. For example, a Bitcoin book offers reduced juice MLB odds. In other words, it has adjusted its MLB moneyline margins and if the original juice is 5%, the reduced juice is 2.5%.
Pros of Sportsbook Bonuses
The biggest advantage of Bitcoin sportsbook bonuses is that they boost your bankroll with extra Bitcoins. Depending on the type of bonus, they boost your initial bankroll or are given over a certain period of time for your regular betting. They can also be given simply for registering a new account, no deposit required. Therefore, if you like to start betting on sports with bitcoins, you should consider claiming a bonus.