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7 Things You Should Know about Betting Promo Codes

7 Things You Should Know about Betting Promo Codes

These days, betting websites use numerous strategies to win over new customers. Giving out promo codes is one of these tricks. Bonus codes provide win-win situations between bettors and bookmakers. Here's why.

Promo codes are marketing tools. They help create awareness about a brand. They also help bookies score customers. On the flip side, vouchers help bettors save money. What's more, they increase punters' bankrolls, which means more betting opportunities.

Owing to that backdrop, this article reveals more about betting promo codes, what they're, how they work and how to find the right deals.

1. Promo Codes are a Mix of Letters and Numbers

Put simply, promo codes are a combination of letters and numbers used to unlock shopping discounts. In the betting space, promo codes unlock bonuses. For example, a sportsbook might have a €100 first deposit bonus with promo code CD10X56J.

The promo code CD10X56J doesn't mean a lot on its own. It's just a code. However, it can help you grab a €100 bonus at the right betting website. Crucially, this code must be active for you to qualify for a reward.

If a betting site has a promotion between September and November, this is the only time its voucher will be active. By December, the code might be available all over the Internet. But it will have expired and therefore, can't help increase your bankroll.

2. Bonus Codes are Easy to Claim

The beauty of sports betting bonus codes is that they're freely available. All you need is to fulfill a few sets of rules. Take the Betfred promo code as an example. This promotion requires that you create a free account. Next, fill up your profile, secure your account and redeem the bonus.

Some betting websites don't even use promo codes. Instead, they list their bonuses in a promotion page. Sometimes they also publish their welcome bonus on the homepage. If you're intrigued, you make a deposit and receive the reward automatically.

Either way, receiving a betting bonus in 2021 is pretty straightforward. There's no need to spend hours on coupon code sites. No need trying to figure out whether an operator has a bonus or not. Most bookies display bonus information conspicuously.

3. promo Codes are Worth Real Money

Although many bonus vouchers are about saving, betting promo codes are about adding real money to your account. Let's say you plan to deposit €50 to a betting account. You can grab a 100% bonus code that doubles your deposit amount.

Now, you have €100 you can use to bet on more football matches. The best part: you can cashout money won from a bonus. The exact amount you can withdraw varies from €10 to €10,000.

Due to that, find out about withdrawal limits before claiming betting bonuses. You don't want to put too much effort into an offer worth €10. Instead, you want a bonus with great terms and a quick cashout process.

4. Bonus Terms Can be a Deal Breaker

As we've mentioned, the best bonuses have a decent cashout limit. If you find a bonus with a terrible limit, feel free to find a better offer. That said, there are several more rules terms and conditions you need to keep in mind.

First, consider whether you qualify for the bonus. Is it a reward for first-time players in Britain? Or is it a loyalty reward for high rollers? Find out who a bonus promotion targets before you claim its promo codes.

Once you realize you qualify for a bonus, learn more about its betting terms. Which sports can you bet? What odds do you need to use? Avoid offers that require you to bet on unpredictable matches.

After that, learn about withdrawal terms. Many bonuses have playthrough terms - you must spend a certain amount of cash betting on the site before you withdraw your bonus profits. It can be 2x, 5x or 10x your bonus amount. Logically, choose bonuses with a small number of wagering requirements.

5. Most Promo Codes Expire Quickly

Betting bonus codes aren't always available. If you find a great promo code, consider claiming it immediately. The explanation is that bonuses can expire in as quickly as a few hours. This is mostly true for promotions targeting big sports events.

Think of the UEFA Champions League Finals. Many betting websites have promo codes in the few days before the game. If you fail to claim your bonus by match day, you'll have lost your opportunity for a free bet.

After you claim a bonus and bet with it, there's a chance you'll be required to meet its terms and conditions within a specific time frame. In many cases, the deadline is within 30 days. If you can't fulfill playthrough within a month, you can forget about cashing out your bonus profits.

6. You Can Only Use One Code at a Time

In the ecommerce sector, you can easily find multiple coupon codes and use them to save money on the same website. Let's say a store has a 15% discount for shoe buyers. It has a 10% code for people buying electronics and a 5% discount for furniture. You can use all these codes to maximize your savings.

In the sports betting industry, the common rule is to use a bonus code once. It doesn't matter whether you've spotted several coupon codes from the same sportsbook. If you decide to claim a €20 welcome bonus, forget about the €50 reload bonus.

Betting websites use this condition to ward off bonus abusers. It also helps save the bookies money - bonuses are real cash, after all.

Your Turn

If you love shopping discounts, you should think about claiming betting bonuses. They can double or triple your deposit money. What's more, a good bonus allows you to cashout your winnings.

There's a caveat. Bonuses come with terms and conditions. Read these rules beforehand and fulfill them within the speculated deadline. It will help avoid trouble with the sportsbook.




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