Nowadays, the choice of betting bonuses offered by bookmakers in New Zealand is vast and diversified. With all of these bonuses, there are different types, with different game terms and conditions. Let's have a look at the different forms.
First Deposit Bonus
Also known as “sign-up offers” or “welcome bonuses”. Bonuses on the first deposit are certainly the most common type of betting site bonus in NZ.
They are called "first deposit bonuses" because they are bonuses reserved only for those who make the initial deposit, which usually must be made within 7 days of registering the account. First deposit bonuses usually come in the form of a matched deposit bonus or free bets.
As for the matched deposit amount, you need to pay attention to the percentage offered (which usually ranges from 50% to 500%) and the maximum limit on the bonus obtainable.
In addition, some bookmakers extend the offer to the 2nd or 3rd deposit, to allow you to deposit in smaller installments without losing any advantage.
Factors to pay attention to:
- Deposit Percentage (50% ~ 100%)
- Maximum bonus amount
- Wagering Requirements
- Bonus expiration
No Deposit Bonus
If you are new to the world of sports betting, there is nothing better than a no deposit bonus that allows you to start betting without any financial commitment.
There are two main differences compared to first deposit bonuses. The first is in the amount of the bonus itself: most no deposit bonuses on sports betting have a fairly small amount, usually around $10-20, given immediately after registration.
The second difference concerns the wagering requirements which tend to be more difficult to reach than those that require a deposit.
Although these bonuses do not require any deposit, it is important to remember that to obtain them it is always necessary to confirm your identity at the time of registration.
Factors to pay attention to:
- Document validation required
- Lowest bonus amount
- Stricter wagering requirements
- No deposit is required, you can play right away
Cashback Bonus
The cashback bonus is a type of refund that can be on your bets (therefore dependent on the volume of play) or on lost bets.
Even though the amounts obtainable tend to be rather small compared to other categories of betting site bonuses, this is a very popular type of offer because it allows you to bet smaller amounts but more consistently, a gaming strategy appreciated by both novice and expert players.
Another factor to take into account with cashback bonuses is that the amount refunded to your gaming account is usually not withdrawable but must be used to place other bets.
Factors to pay attention to:
- It could be on losses or on bet volume
- Lower amount but often on a periodic basis (i.e. weekly or monthly)
- Bonus is usually not withdrawable but can be used to place new bets
- Not applicable to all bet types
Free bets
Similar to no deposit welcome bonuses, free bets are a type of bonus that allows you to bet for free. However, you usually need to make a deposit or an initial bet to get the free bet.
For example, if you $10 into your betting wallet, the betting site gives you credits in the form of free bets. You can use the free bet amount to place bets like normal, and you will receive the winnings minus the stake if the bet goes in.
The other peculiarity of free bets is that they are one of the most common recurring bonuses: depending on the operator, it is not uncommon to unlock periodic free bets based on the volume of play generated on the platform.
Factors to pay attention to:
- Bet without risk
- Requires document validation
- You must meet the wagering requirements in order to withdraw your winnings.
Increased odds
Another great classic is the increased odds bonus,(also known as “odds boost”) available both in the form of a sports welcome bonus and as a periodic promotion for regular players.
As the name suggests, it is an increase in the odds on a certain event, which significantly increases the “standard” odds. For example, a team’s victory can be quoted at 4.00 instead of 1.30. The amount of the bonus is calculated by making the difference between the two odds and usually has a maximum of around $20.
This is a bonus that is automatically applied to your betting slip if all conditions are met, usually minimum odds requirements. Keep an eye on the most popular sporting events: being one of the most popular sports bonuses, it is offered frequently in conjunction with the most popular competitions.
Factors to pay attention to:
- Bonus applied automatically
- Available on peak events for both new and returning users
- Pay attention to the minimum wagering requirements
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