People who decide to check different online betting sites will notice that almost all of them have some kind of bonuses. While every promotion is unique, a quick overview will reveal that most of them require a bonus code. Those things are usually easy to use, but there are many specifics that people need to be aware of, and we will take a look at all of them in this analysis.
Understanding how the bonus codes actually works
A lot of people seem to assume that bonus codes simply unlock free money, and they do not need to do anything to get them. We wish this were the case, but if you take a good look at some of the latest bonus code offers, you will realize that most tie rewards to specific actions, such as minimum deposits, odds requirements, and all kinds of other things. In other words, people who use the codes must be prepared to follow the subsequent steps and the rules associated with that particular bonus.
It is worth noting that there are many sites that run multiple codes simultaneously. Each of these codes may be restricted to specific users, such as new customers, returning clients, or notable mobile-only players.
Another thing to note about the bonus codes is that they do not activate automatically. Most of the time, users will have to add them to their accounts (either when registering or after logging in). However, there might be cases where they will need to contact the customer support team and add it there. Also, the codes themselves rarely activate any particular reward; instead, you will need to make a deposit or place a bet to do that.
Assuming you choose a site that has more than one active promo code, you must be careful with the specific numbers that follow the code. A lot of sites have identical codes, but the number next to them shows what kind of offer you can expect to get – a 100% bonus, a 50% bonus, free spins, or something else.
Lastly, not all bonus codes you find will actually provide a benefit. A lot of the things you see will basically be tracking codes that measure which marketing channel brought you to the platform. These kinds of codes are still worth using because they may offer different benefits in the future.
Wagering conditions hidden in the fine print
It is essential to note that nearly all bonuses you will find come with wagering requirements. These things dictate how many times you must bet the bonus amount before pulling out. The requirements are often different for bonus money vs free bets, even when triggered by the same amount. In other words, you need to take the time to review the specific requirements for your particular case.
Another annoying rule about the wagering requirements is that they usually apply to both the deposit and the bonus. This means it kind of doubles the amount you must play through. A lot of people don’t seem to realize this until they have already started using the bonus.
An interesting fact is that some iGaming operators could reduce the wagering requirement if you apply a code during a significant event like Wimbledon, one of the biggest tennis competitions, but increase it during standard weeks. That is why you should always take the time to learn more about all the rules.
Restrictions on the market types and odds
People love using bonus codes because of the offers they receive, but the reality is that many of these codes come with various restrictions. For example, they limit wagers to specific sports like football, tennis and combat sports. You may be required to wager on pre-match events and won’t be able to bet on things like in-play and live wagers.
When it comes to market restrictions, many of the bonuses associated with a promo code are only available on the 1×2 or Over/Under options. On top of that, you will only be able to choose these markets if they meet the odds requirement, which is usually at least 1.50 or above.
Some codes are time-sensitive
What a lot of people do not realize is that some of the codes are time-sensitive. Instead of being around for ages, most expire within 24 to 72 hours of activation. This means you must act quickly and start using the offer immediately.
You can also often find special kinds of seasonal codes that are available during a big tournament, such as the FIFA World Cup or something else.
In some cases, brands even have the so-called “rolling expiry”. This means that you have a specific amount of time during which you need to use the code.
