Types of Betting Offers
There are many different kinds of betting offers, some of which we have written separate articles about as well. Here, we’re going to give you an overview of the most common betting offers you will encounter at most betting sites.
Remember to take advantage of the exclusive betting offers here at OCB!
This is usually the first betting offer you are likely to encounter and use. As you sign up at a betting site, you will eventually make your first deposit and at the same time claim a welcome bonus. This is typically a match bonus, which gives you a percentage of bonus funds on top of your own deposit. You’re looking at 50% to 200%, though the bonus amount is always capped. So, you don’t get ₹100,000 when making a deposit of ₹1,00,000.
Usually, you can expect ₹5,000 or ₹10,000 in welcome bonuses.
100% Welcome Bonus up to ₹35,000
Some betting sites have one straightforward offer, others will have multiple to choose from. You may find a cricket welcome offer or a football welcome offer. If a casino is attached to the betting site, you will also find a casino and perhaps a live casino welcome offer.
More Welcome Bonuses
No Deposit Bonus
Whilst some no deposit betting offers are available randomly at a betting site or potentially as part of a reward or VIP program, you may also find them as a welcome offer upon signing up at a bookmaker. You get this bonus even before making your first deposit.
These no deposit bonuses tend to be quite small and any winnings from them are often capped as well or high wagering requirements are associated with them. If you just use it to get to know a betting site a little better without risking your own funds, you are well-advised to simply claim them and not worry about wagering requirements as you may not be able to meet those anyway.
This is the most common type of betting offer you will encounter. Free bets can be offered as a welcome bonus, though often they are also available for existing customers, who are looking for something extra. Free bets come in different forms, which is why we’ve written a separate article about them.
Bet ₹1,000 and Get a ₹3,000 Free Bet
The main thing to know is that you will either make a deposit or even place a wager before you can claim the free bet. There are always conditions attached and you will not receive the free bet stake in any returns should your bet win. You will only receive the actual winnings and the operator will take back the free bet itself.
More Free Bets
We will cover these more in-depth in our free bet article as well, though they are a separate betting offer and need to be viewed as such.
You will also encounter this type of bet as a welcome offer. Here you sign up at a bookmaker and simply place your first bet. If your bet wins, that’s great. You can continue to place bets at this betting site as you please. If your very first bet loses and you have claimed the risk-free betting offer, you will be able to actually make use of that offer. Either your stake is simply refunded as cash or you receive a free bet of the same value that your initial stake was. It’s important to note that there is usually a capped amount of how much you get here as well.
We include odds boost here because some betting sites offer them all the time. Odds boosts can also show up as infrequent betting promotions, but chances are that a betting site that focuses on a particular sport, will also offer odds boosts for bets placed on that sports.
As such, you may find odds boosts at 10CRIC, which is a betting site that places a strong focus on cricket betting.
Odds boosts are simply a betting offer giving you enhanced odds on a particular sport or event, which results in higher returns in case you are winning.
More Odds Boosts
Some betting sites also have weekly cashback offers available, which will give you a percentage of your losses (between 5% and 20%) back in real cash. It’s essentially an insurance returning some of your losses to you in case you’ve been unlucky one week.
More Cashback Offers
Betting Offers Terms and Conditions
Whichever betting offer you encounter and may wish to use, there are various things you need to be aware of, which fall under the broader category of bonus conditions. Here we are looking at the most important conditions to be aware of:
Betting Offer Amount
You won’t find ₹5,000 free bets or bonus offers for ₹5,00,000 bonus cash. Whether you are getting a free bet or bonus cash, there is always a limit specified as to how much you can get.
More importantly, the higher the free bet or bonus amount, the stricter the wagering requirements and other attached conditions.
These are the most important bonus conditions to check before claiming a bonus offer. Bonus cash that you receive as part of a betting offer always has wagering requirements attached. For sports bonuses, these are typically 5x to 15x the bonus amount. In comparison, casino bonus cash usually has wagering requirements of 20x to 50x the bonus amount.
As an example, this could mean that you must wager the bonus amount of ₹5,000 at least 10x (which equals placing bets worth ₹50,000) before you will be able to free up the bonus and cash it out.
Making matters by no means easier is the fact that wagering requirements are usually tied to minimum odds. These are on average between 1.4 and 2.0 (decimal). So, whatever bets you place, in order to count towards meeting your bonus conditions, you also have to adhere to minimum odds.
Types of bets and eligible markets
If bonus conditions are particularly restrictive, they will also dictate the types of bets you can place and on what markets. Some markets are always excluded, though you will usually be able to place bets on the most common markets of most sports.
That said, depending on the conditions, you may only be allowed to place single bets. Or you may only place accumulator bets of at least 3 selections to meet bonus conditions.
Finally, bonus conditions always have to be completed within a specified time frame. This could be 7 days or 30 days or even 90 days. We’ve seen all of these options. The more time you have, the likelier you’ll be able to meet the bonus requirements.