If you are new to the world of esports betting you may not be familiar with concepts like an esports no deposit bonus. This article should help you understand the concept, and make you aware of the pros and cons of signing up for an account with a bookmaker who offers this type of esports betting bonus.
The range of bookmakers who offer markets on esports events is growing all the time, and they are offering a growing number and variety of bonuses to entice new customers to open accounts. While mainstream bookies like Betway Esports and Bet365 esports betting platform are offering a larger range of esports markets all the time, there is also a growing number of specialist esports bookies, such as Thunderpick and Vulkanbet.
As this range of bookies grows, discerning esports punters need as much information as possible to make good decisions about where and how to bet. This article will help you understand the notion of an esports no deposit bonus, and give you a few tips on how to use one.
Read our guide: “How do I open a Betway account?”
What is an esports no deposit bonus?
So what is an esports no deposit bonus? The concept is actually very simple. This is a promotional bonus where a bookmaker gives you a certain amount of credit to use in your account, sometimes in the form of an extra bet, without you having to make any kind of payment into your account. It is a pretty rare type of bonus these days, as bookies tend to want their customers to put cash into their accounts before they offer any kind of bonuses.
To receive a no deposit bonus you literally just have to sign up for an account with a bookmaker. There is no need to put any money into your account or to place a first bet. That sounds too good to be true, doesn’t it? As with anything that sounds too good to be true, you need to take a closer look at the finer details. The finer details in the case of an esports no deposit bonus are the wagering requirements.
Watch out for wagering requirements on your esports no deposit bonus
Wagering requirements are always painful to read about for punters. Wagering requirements are the amount of times that you must bet your bonus amount before any winnings can be withdrawn as real cash. These requirements can often be very restrictive indeed, with you having to wager your bonus credit anything up to 100 times over in order to turn it into money. Your bets also usually need to be at certain specific esports odds too, making it even trickier to turn the bonus into actual money.
This means that you must always be very careful before accepting an esports no deposit bonus offer. Turning the bonus into real money can be a very difficult thing to do and can take you a long time. Always check the terms and conditions of a bonus offer very carefully before you commit to opening an account.
Free bets are not ‘free’ at all
Another kind of betting bonus that you may come across as you surf the internet searching for good bookies is the ‘free bet bonus’. Bookies will often have promotions page promising you a ‘free bet’ worth up to £30. It is really important to understand that these bets are not free at all.
Unlike a no deposit bonus, a ‘free bet’ bonus will always require you to deposit money in your account before the bet can be claimed. In the majority of cases, you must also place a first bet worth a certain amount before you can get your hands on the bonus bet being offered. You almost always have to spend you own money in order to get an extra bet, so it is not ‘free’ at all. Remember this when you are checking the terms and conditions of bonus offers.
Tips for using your matched deposit bonus
A matched deposit bonus has been placed in your new account, and you’re ready to place to a few esports bets – how do you start to formulate a betting strategy? Well, before diving into the world of esports betting you need to have something of a plan ready. Just heading straight into things and placing bets based on instinct will not lead to success. You need to think a bit before starting to bet.
Here are three principles to keep in mind when you are coming up with a strategy for placing bets on esports markets.
1. Research before betting
This is a really important piece of advice. Every successful punter, whatever sport they are betting on, realises that they must know as much as possible about the sports, teams and players on whom they want to bet. If you are a keen player & fan of CSGO Betting, for example, follow as much news about all the gaming tournaments and players in that esports game.
2. Place a series of smaller bets rather than one big one
Newcomers to betting often have a tendency to believe that big bets placed at long odds will guarantee them a big win. In fact, the opposite is true. Long odds exist to tell you that you are unlikely to win by betting on that market. For this reason, it is much more fun to place a series of small bets at shorter odds. Not only does this make winning more likely, it also extends the fun and excitement of betting.
3. Never chase losses – stop betting if you are frustrated or angry
Even if you are using credit from an esports no deposit bonus for your bets, losses can soon build up and frustrate you. Anger and frustration are emotions that will cause you to make bad decisions about betting, and make it much more likely that you will lose money. If you start to feel angry and frustrated, stop betting.
Read our guide: “How do I open a Bet365 account?“
While it is rare to come across an esports no deposit bonus offer these days, it is still important that you know what one is. Always make sure you read the terms and conditions very carefully before signing up for this type of bonus. You should make sure that you thoroughly check the terms and conditions.