Common Bonuses and Promotions for Sports Bettors Using Crypto
Watching an NBA or Premier League game is just not as exciting if you haven't made a sports bet. Instead of being a passive observer, you are actively engaged – and it 100% makes the experience a lot more exciting.
What if we tell you that you don't have to rely on Jokic or Mbappe to get you some sweet extra cash? Thanks to crypto sports betting bonuses, you get a significant boost while betting. It is a win-win situation cause the payout potential is higher, and the game is considerably more enjoyable.
At Crypto Gamba, we strive to provide our readers with the best. We look for the best sports betting odds, tips, and most valuable crypto bonuses so our audience can have an advantage over others. Our guide covers all the crypto sports betting sites' bonuses and tips on taking advantage of them.
Sports Betting vs Casino Bonuses
Whether a site offers blackjack and slots or betting on the NFL or NHL, it aims to attract as many players as possible. They achieve this by offering promotions and bonuses to draw in new players and keep the existing ones satisfied. Often, casino bonuses are generic and cover slot games for the most part. Live dealer and other skill-based games are often excluded from the terms.
On the other hand, sports betting bonuses are designed to meet the diverse betting needs of players. They provide a promotion for most situations, so whether you are on a winning streak or luck is simply not on your side, crypto sports betting bonuses will support you. Below, we discuss the best bonuses you should look out for.
No Deposit Free Bet Bonuses
This is the best bonus for new sports bettors. As soon as they sign up, they are treated to a small free budget or free bets they can make. With this extra budget, bettors are encouraged to explore the site’s user interface, verify the odds themselves and possibly even snag a win.
Often, free bets are limited to a specific set of sports and come with playthrough or wagering requirements. After meeting these terms, bettors can cash out their winnings.
Welcome Bonus
To attract real money bettors, bookies often offer welcome bonuses. These offers represent a match percentage increase in your betting budget. For example, they can boost your deposit by 50% or 100%. In some cases, even 200% or 300% of the deposit will be added to your account.
The terms for clearing sports welcome bonuses are slightly different from traditional bonuses. Sometimes, it is just a playthrough of 20x to 30x with no additional strings attached. Other times, the playthrough requirement is also tied to minimum odds. This is similar to how you can’t play games with 99% RTP to clear casino bonuses.
For some sites, the minimum odds are set at 1.2, but others require odds of over 1.7. You can’t clear the bonus with lower odds than that.
To claim the crypto bonuses, which often come with more favourable odds, you need to deposit with the eligible cryptocurrencies like BTC or ETH.
Reload Bonuses
Reload bonuses serve the same purpose as welcome bonuses; however, they target existing bettors. Depending on the crypto betting site, the list of allowed sports and odds may vary.
To get the highest value of your match bonuses, it is crucial to have a depositing strategy. It should help you max out the bonus cap and meticulously track the playthrough if the site doesn't have a progress bar.
Winnings Increase Bonus
Some sports betting sites offer winnings increase bonuses that allow you to enhance your payout potential on selected events without raising the stakes. Also known as enhanced odds or price boosts, this bonus enables you to increase the potential payout on a selected bet. When paired with crypto, the boost becomes even more valuable because you also enjoy faster cashouts.
Let’s exemplify this promo. If your favoured team has odds to win +150, with an odds boost, you can increase it to +200. So, if you bet 0.01 BTC on the match, you win 0.015 BTC without the bonus. If you enhance the odds, you would win 0.02 BTC.
Usually, this bonus applies to either single bets or bet builders for featured events. Asian handicaps and goal lines are typically excluded. The minimum odds for claiming and clearing this bonus can be set at 1.8, 2.0, or higher.
Cashback
Regardless of how good your fantasy sports team is or how much you follow the game stats, a bad luck streak is a bad luck streak. Luckily, the majority of bookies offer handy cashback bonuses. The cashback can be either weekly or monthly, giving you back a portion of the money you lost on bets.
The percentage can vary, but one of the best crypto sports betting sites, BC.Game, has a 10% weekly cashback on losses as part of the VIP program. The higher you climb the ladder, the higher the cashback you'll get.
The best part about cashbacks is that, most of the time, no wagering requirements are attached. It is always wise to bet on a site that offers cashback bonuses, as any losses won't sting as much.
Conclusion
The smartest players aren’t just watching the odds or keeping track of game stats and common sports betting tips. Smart players strategically claim promotions that increase their chances of winning and minimise risks. By claiming different crypto sports betting bonuses, you can maximise your budget. Of course, you must be careful not to chase losses and always play responsibly.
John Doe
Casino Expert
