The Different Bonus Types You Can Use to Make Money From Matched Betting

Matched Betting is a continuous process, an ultimate source of income that’s not going to dry out anytime soon. This is because there are plenty of sportsbook bonuses up for grabs.

There are all sorts of bonus types that you can use to make money from Matched Betting and we’re now going to discuss some of them.

Welcome Bonus

Welcome Bonus

This is the most common bonus type, which a big majority of online bookmakers use as an incentive to attract new players. How it works is that once you register an account, you become eligible for a bonus. In order to actually receive the bonus, you are required to make a deposit.

Welcome bonuses can be anywhere from 10% to 500% or even 1000%. Obviously, the bigger the bonus, the better. However, there’s another thing you need to pay attention to – the wagering requirement.

If a bonus is easy to clear, it’s perfect for Matched Betting. You are not going to have to place too many bets in order to turn the bonus into funds that you can cash-out. The trouble is that not every bookmaker offers a welcome deal with a high bonus and a low wagering requirement. In fact, it’s often quite the opposite.

However, there are plenty of bookmakers out there and we have been able to pick out those with the best sign-up bonuses. At the moment, there are more than 100 online bookmakers Oddshero works with and each of those offers a pretty awesome bonus deal.

No-Deposit Sign-Up Bonus

A big majority of welcome deals require you to make a deposit in order to receive bonus funds. However, there are some bookmakers that offer the so-called no-deposit bonuses. As the name suggests, these bonuses are given to the player just for signing up. Apart from registering an account, there’s nothing else you need to do in order to qualify for the offer.

However, there’s usually some catch. For instance, the bonus might come with a wagering requirement that’s difficult to clear. Of course, this doesn’t mean that you can’t take advantage of these kinds of bonuses. On the contrary, you can definitely use them to make money with Matched Betting.

Considering that you’re not investing anything to get this bonus, you can be certain your Matched Betting profits will be decent. Even if the wagering requirement is high, you will still be able to make some money with it.

Bet & Get Reload Bonus

You can think of the reload bonus as a part of the bookmaker’s welcome offer. It’s basically a bonus on your second deposit. Sometimes, it’s exactly the same as the sign-up bonus. Sometimes, it’s slightly lower. Still, it can certainly improve your Matched Betting earnings.

What’s great about the reload bonus type is that you can use it to win money at the Bonus Bookmaker if you haven’t done it the first time. If you won at the Cover Bookmaker or a betting exchange while doing Matched Betting on the welcome bonus, you can grab the reload bonus without any worry that you might get gubbed.

Considering that you’ve lost your bonus bet, the bookmaker will think of you as a regular player instead of a Matched Bettor. Regular players don’t get their accounts limited or suspended, so you have nothing to be concerned about. You can get your reload bonus easily.

Special Bonus Deals

It’s estimated that the online gambling market is worth more than 50 billion dollars. With so much money in the game, it’s not surprising that the number of online bookmakers is huge. That number is growing all the time, creating a super-competitive environment. In order to leave the competitors behind, a bookmaker needs to get creative.

This is why many online bookmakers are giving away some pretty interesting bonus deals these days. Those bonuses are often fun, as well as very lucrative. Some of those include the following:

  • Cashback Bonus – A bookmaker might decide to give you back some of the money you’ve lost betting. The cashback usually comes in the form of a bonus with a wagering requirement. If your Cover Bookmaker offers this kind of a deal, you can use the cashback to increase your Matched Betting profits.
  • Loyalty Bonus – Many bookmakers have a VIP program, in which the players get to collect comp points which can later be redeemed for bonus funds. The rule is simple, the more money you wager, the more comp points you will earn. Cover Bookmakers are those where Matched Bettors tend to wager a lot of money.
  • Refer-a-Friend Bonus – Got a buddy who wants to become a Matched Bettor as well? If so, you might be able to take advantage of the refer-a-friend program of your bookmaker. How it works is that you send your friend a sign-up link and once they’ve registered an account and made their first deposit, you will receive a bonus.
  • Special Event Bonus – Bookmakers sometimes decide to give bonuses for bets made on some big events, like the Olympics for example. They might give your wager a boost or reward you with a free bet.
  • Odds Boost – Better odds equals more money in your pocket. So, look out for such deals because they can be very useful for your Matched Betting campaign.

These are just some examples of bonus deals you can get a hold of. Regardless of the bonus type, you can be sure that you’ll be able to put it to good use with Matched Betting. Of course, some bonuses are better than others. Picking out the best ones might seem tricky, but there’s an easy solution.

How to Find the Best Bonus Deals?

There really is no need to look for the best bonuses on your own. We at Oddshero have already found them for you. Our Matched Betting tool works with a big number of bookmakers, each offering lucrative bonus deals. Check out our Oddshero Matched Betting Group on Facebook, where we have a list of every bonus that the bookmakers offer.

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