Michael Tradford
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Michael Tradford
Last Update:
December 1, 2020
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This author was thoroughly tested and approved by the experts at AmericaGambles.com before joining the editorial board to ensure a high content quality.
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Michael was Marketing Director in Atlantic City and worked in the casino industry for several years before shifting over to numerous newspapers in New York and Chicago working his way up to Editor-in-Chief. His focus areas are mainly in the fields of sports, gambling, and politics. He has a Marketing Degree, visited Columbia University during his time in New York and is now Editor-in-Chief at AmericaGambles.
Michael was Marketing Director in Atlantic City and worked in the casino industry for several years before shifting over to numerous newspapers in New York and Chicago working his way up to Editor-in-Chief. His focus areas are mainly in the fields of sports, gambling, and politics. He has a Marketing Degree, visited Columbia University during his time in New York and is now Editor-in-Chief at AmericaGambles.

Bonus Wagering: Best Strategy to wager a Sports Betting Bonus

Online casinos, sportsbooks, bookmakers, and online sports betting sites do offer players bonus and rewards to engage more engaging participation, gambling and betting activities. The majority of these bonuses and rewards come from promotions like Welcome package, Sign Up bonus, etc. It is one thing to be giving sports betting bonus, it is another to be skilled enough to actually turn this bonus into profit that you can eventually withdraw: How to withdraw our money & Betting Winning to your specified destination. This article gives you the knowledge and requisite skill sets needed to wager this sports betting bonus and turn it into actual profit for you.

Everything you need to know about wagering a Sports Betting Bonus
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  • Online casino and sports betting sites give bettors betting bonus

  • Not all these bonuses eventually turn to profit for bonus

  • Best bonus wagering strategies are need to turn bonus to profit

  • Consider Standard Lay method to wager sports betting bonus

  • Consider Underlay method to wager sports betting bonus

Bonus Wagering: Best Strategy to wager a Sports Betting Bonus

Many bettors often mistake bonus (or bonuses, bonus offers, bonus offerings) with free bets and risk-free bets, and consequently, they tend to use these concepts interchangeably. Many write-ups and articles on the Internet today fall victim to this. In the simplest manner of explanation, risk-free bets and free bets operate slightly different from bonuses, but the most important point to note is that it can take relatively more time to turn your bonus to free cash, as you will find with risk-free bets and free bets. However, for bettors who have the right information and knowledge, maximizing good profits from these bonuses and offers you’ve gotten from your sportsbooks is still doable, seamless in fact. This is what this article addresses.

The Logic behind how Bonuses actually work

For a full-sized understanding of the subject matter at hand, it’s important to discuss briefly how bonuses actually work. please know this:

While bonus staked in sports betting are returned, the same is not the case for free bet stakes as they are not returned in sports betting.

Let’s say you get a free bet from your favorite, best sportsbook and you put a stake on it, if this bet eventually wins, you will only get the winnings. It will not include the original stake you put on this free bet. However, for a bonus, it’s a little different on the good side. When sportsbooks give bonus offers and you use this bonus to bet on a sports event or game, let’s also you are so fortunate that it wins, this means you get back the winnings from this bet together with the original stake you used, which is the bonus offer.

However, with bonus offers, there is also a catch. Recall what we mentioned about bonuses, reward and promotion and their legitimacy or requirements in our article on opening an account: How to Play at Onine Bookies. In almost all cases of bonus offers, online casino and sports betting sites or whoever is offering these bonuses do put a rollover requirement. What does that mean?

A Rollover or Bonus Wagering requirement basically stipulates the number of times, as determined by bonus offerer/offeror (your online casino, sportsbooks, sports betting sites, etc.), that given bonus must be rolled over before bettors can actually withdraw it.

This rollover or bonus wagering requirement is fulfilled when the bonus has been rolled over for the stipulated number of times, say 10 times, or when bettor lost this money in the wagering process. For example, if you have to rollover the bonus 10 times, and on your 7th run, you lost it all, it means the bonus wagering requirement debt is paid. Hilarious, right? Now you see why many described it as hard and difficult. However, it’s not necessarily hard or difficult. With the right strategy, you are well on your way to turning it to profit.

The three bonus wagering strategies that work, among many others, are:

  • Matched betting – low or high odds play, depending on personal preference.
  • Standard Lay method.
  • Underlay method.

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Matched Betting: High Odds or Low Odds

With this method, you basically just need to decide between using your bonus to play high odds game or low odds game. Frankly, there is no better approach here. It actually depends on personal preference. However, here’s the logic to it.

  • Low Odds: If you decide to use your bonus to play low odds bets, mathematically, it should not eat deep into the bonus as we would expect with high odds bets. however, it’s going to be a pretty long ride before you fulfill the bonus wagering requirement.
  • High Odds: Applying your bonus to high odds bets means it may take no time till your bonus accrued to your normal account balance. The downside is that there is a higher chance of losing that bonus.

Like we stated earlier, it’s all about the option you feel more comfortable with. Both options works.

Standard Lay Method

This method is often the same that is widely used for majority of qualifying bets. The most interesting fact about this method is that you don’t have to do one thin bit of calculation to figure out how you can maximize profit from your bonus. For standard lay method, all you need is a Matched Betting Calculator.

On a matched betting calculator, there are three bet types from which you can select:

  1. Qualifying Bet;
  2. Free Bet; and
  • Risk-Free Bet.

All you have to do is select the “Qualifying Bet” option. Alternatively, you can also set your configuration to the “Free Bet – Stake returned” option. Other details you need to punch in are Back stake, Back odds, Lay stake, Lay odds – as the case may be. Upon punching in the ones that’s applicable to you per your bet, the calculator will display some figures what to expect and from there, you will have a pretty good idea of how the maximization of profit from your bonus will go.

Underlay Method

In most cases where you want to back a bet, the standard lay method sometimes does the trick. However, if laying a bet is what the circumstance at hand requires, then you should consider the Underlay method. Similar to the standard lay method, all you need is a Matched Betting Calculator and to just punch in some figures while making some configurations in the options settings.

By selecting the “Qualifying Bet” option similar to standard lay method setting, bettors using Matched Betting calculator for underlay method just need to click on the “Show Advanced” tab. From there, assuming all other necessary details have been punched in, your profit statistics will be displayed under the “Underlay” tab of the calculator.

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Why you would consider Best Strategy to wager a Sports Betting Bonus

You are probably wondering why go through all these stress on bonuses and not just stick to playing with my original deposit. Well, let’s make some few points clear.

Going through with deposit into your online sports betting site account is the first action you make to show you mean business and make your chosen sportsbook believe to really mean to deal.

Upon the confirmation of this gesture on the part of your sportsbook, majority sportsbooks acknowledge with bonuses and promotions like Welcome packages, Sign Up bonuses, and all sort of bonuses that are actually money but will take some skills to turn to offers and make them into real money that you can withdraw from your account on online sports betting sites.

These bonuses are not the same as free bets because these bonuses have more favorable terms, like you being able to get the original bonuses back on bet you place with the bonuses, sportsbooks often attached bonus wagering requirements.

These are just some lousy approaches by sportsbooks to ensure to don’t take away all these bonuses and maximize profit from it.

It’s now left to you to use topnotch strategies to maximize profit from these bonuses because they are yours for the taken. Three best strategies we’ve discussed in this article include the following:

  • Matched betting – low or high odds play, depending on personal preference.
  • Standard Lay method.
  • Underlay method.

Want to get more Relevant Information?

Get more information on our Sports Betting Comparison regarding more brilliant and intelligence approaches and initiatives to make your time and money and other resources spent on betting with your sportsbooks really worth it.

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Conclusion

Maximize Profit from your Bonus
When you deposit money into your account on online sports betting sites, often time you are offered some additional money, but in another form – bonuses. It will take some strategies and skills to turn these bonuses to profit and claim it. With high/low odds betting, standard lay method, and underlay method, these bonuses are yours for the taking. Have fun!
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