Bonuses are a big part of the world of sports betting now, whether you bet on esports at a mainstream bookmaker like Bet365 esports betting module or Betway Esports, or at an esports specialist bookie, such as Thunderpick or Vulkanbet.
One particular type of betting bonus is the esports 100% welcome bonus which you might see offered from some bookies. We will take a closer look at this type of bonus here, and outline some of the pros and cons that it has. You can also find out about other types of bonus on offer from esports bookies.
What is an esports 100% welcome bonus?
An esports 100% welcome bonus is actually fairly simple to understand, despite its complicated sounding name. A 100% welcome bonus is where you deposit a certain amount of money in your new betting account and the bookmaker matches it with payment of bonus credit that can be used to place bets. It is a type of bonus that is more commonly seen in the world of casino and slots game gambling.
Some esports bookmakers do award this type of bonus to new customers, though, so it is worth looking out for. As with any other type of bonus, there are pros and cons to signing up for it, and we will take a closer look at those in this next section of the article.
Pros and cons of an esports 100% welcome bonus
As with any type of betting bonus, there are positive and negative features of a 100% welcome bonus. The main thing to recommend it is that bonuses of this type tend to be fairly generous. The amount of bonus you receive depends, of course, on the amount of money that you choose to deposit in your account, but you can often benefit from offers where the upper limit is close to £100.
The main negative feature of this type of bonus is wagering requirements, many of which can be very onerous indeed. Wagering requirements are what you need to do to turn your bonus into real money. You often need to wager the bonus amount as many as 30 times before it can be turned into real money, making it almost impossible for you to gain any real benefit from it. Always read the terms and conditions carefully when it comes to wagering requirements on a welcome bonus.
Other types of betting bonus
In addition to an esports 100% welcome bonus, there are other types of promotional offer that esports bettors can claim. In this section, we take a closer look at some of these other kinds of bonus. All have positive as well as negative characteristics, so always check the terms and conditions before you commit to opening an account.
Risk free bets
Another type of bonus that is often awarded by bookmakers is something called a risk free bet. Of course, you need to remember that no bet is ever entirely risk free, as you will always be chancing some of your own money, not the bookie’s. A risk free bet bonus usually works by the bookie giving you an extra bet if your bet loses.
So, for example, the bookie might be offering risk free bets for a any customer’s first bet on the CS:GO EPL Season 9 finals. If you placed a bet on Fnatic to beat NRG Esports in the first round you would have lost your bet. The bookie would then have given you an extra bet worth the same amount as your stake to compensate for this loss. You have still lost your money, but you have another bet that you can use. There may well be wagering requirements attached to this bonus, so always check the terms and conditions.
This type of bonus can often be claimed if you bet on a certain sport or event. A bookie might boost all the odds by a certain percentage on all bets on the DreamHack tournament for example. You need to keep a close eye out for these bonuses, as they can be very valuable indeed, as long as you be with skill and judgement.
Extra bet bonuses
One of the most common types of welcome offers handed out by bookmakers to sports betting punters is the extra bet bonus. The bookmaker will usually call this extra bet a ‘free bet’ but this is not accurate. This type of bonus is usually handed out to punters who open an account and place a first bet of a certain value. They will then be awarded an extra bet as a kind of thank you for opening their account.
Remember that a ‘free bet’ is rarely free!
It is really important to remember, whether you prefer betting on League of Legends, CSGO or any of the many other varieties of esports out there that when a bookie offers you something for ‘free’ it does not mean that you get something for nothing. Bookies do not become vastly profitable companies by being generous and giving away free money in the form of bets.
A ‘free bet’ is usually a bonus bet that is awarded when you open an account and deposit money in it. You then usually receive an extra bet or bets worth the amount of money that you have deposited in your account. You also usually have to spend at least some of that money by placing a bet worth a certain amount of money at specific odds. Only when you have done that
As you can see, there is a good range of betting bonuses around that bookies offer to entice customers to open accounts. The esports 100% welcome bonus is a pretty rare thing, but you may find it becoming increasingly common as esports betting grows in popularity. The important thing to remember with this type of bonus is to check the terms and conditions very carefully, as wagering requirements are often very restrictive.