Betting with online sportsbooks usually entitles you to some sort of crypto betting bonus to help you have a better experience. But what are these deals, and are they worth your time? We’re going to take a look today.
There are lots of different types of crypto bonus offers available, and each one comes with its own potential benefits. Of course, they also come with some possible downsides as well. That’s why we’re here to take a deep dive into these offers and discover more about what you can get at these platforms. Come and join us!
Go to BetMGM
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| Wagering (WR): | 1x Deposit |
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Crypto-friendly casinos and sports betting sites have become very popular in the last few years, offering a new way to enjoy various forms of real-money entertainment. Aside from the way you deposit and withdraw, crypto betting sites offer a very similar experience to traditional fiat platforms including the chance to land different types of crypto betting bonuses.
Whether you're at a new crypto betting site, or one that has been established for a few years, all of these sites are keen to attract new players and retain them. As such, when looking for a new site to play out, consider what bonuses are on offer before you sign up.
Below, we’ve detailed some of the most common types of crypto bonus offers you can expect to find at these platforms.
It's fair to say that the vast majority of crypto betting sites will offer you a welcome package in order to get you started at the site. These are usually the most generous offer you'll receive, and may include one or more types of crypto betting bonus.
Common elements you'll find in a sign up offer include free bets and deposit match bonus offers. You may also see a no deposit offer, but these are getting harder and harder to find.
Don't forget that each of these deals comes with its own set of terms and conditions, and it's important that you read and understand these before you sign up to any type of bonus whatsoever.
One of the most popular types of crypto bonus offer is the deposit match promo. This is when the betting site will match your deposit amount with a percentage of bonus funds. This percentage will vary from site to site, but it's very common to see 100% or more.
For example, if you see a 100% deposit match bonus, and deposit $20, you receive an additional $20 in the form of bonus funds. These bonus funds will have some terms attached to them, including things like wagering requirements, expiry dates and max win caps.
Although these are becoming less frequent these days, some crypto betting sites may offer you a no deposit bonus in order to let you bet at the site for free. No deposit offers are exactly what they sound like - you'll receive some sort of promo without having to make a deposit.
As you can imagine, these offers are not designed to let you win big for free. Rather, they're a good way to let you explore the site and place one or more bets without having to spend your own money.
You may find that you are offered a free bet on a specific league or match, or perhaps a small amount of bonus funds which you can use on multiple sports.
Reload bonuses refer to any type of offer you receive for making another deposit at the same site. These bonuses are a common way to reward customer loyalty, and you'll find things like additional deposit match bonuses, free bets, or perhaps enhanced odds and other promos.
Another promo that is exactly what it sounds like, enhanced odds offer you better odds on a specific match or game for a specific period of time. Like any other crypto betting bonus, these offers will have their own caveats in place. So make sure you understand how these odds work and what you must do in order to cash out any winnings successfully.
Cashback programs are a very common thing to find at crypto betting sites. The amount of cashback you receive and the rules surrounding these offers will change from site to site, but they are generally designed to let you accrue a small percentage of cash back, either in the form of bonus funds, or sometimes, withdrawable funds. You may also see ‘refund’ or ‘loss back’ programs, which is where you receive a percentage back of any bets that you lose.
One of the most popular types of crypto betting bonus is free bets. As the name suggests, this is where the site will give you the chance to make wagers for free.
You may find that these bets are limited to a specific match, or you may have more freedom to choose across a range of events, depending on each site's different rules. Some platforms even offer things like free bet clubs, where you'll be offered multiple free bets throughout the month, or even week.
Finally, we get to loyalty and VIP programs. Usually based on a tiered structure, these programs let you climb at various levels and accrue bonuses and promo offers as you go. You'll often find a format such as bronze, silver and gold, but these programs can sometimes have 10 or more levels for you to ascend.
As you can imagine, the higher you climb, the better the rewards. You can expect things like bespoke offers catered to you, the chance for exclusive bonus deals, and even things like a private account manager or invitations to events.
A very common question we receive here at SportsGambler is whether or not you need a promo code when you sign up to these types of platforms and want to claim a bonus.
The answer is that bonus codes are usually reserved for time-sensitive or seasonal offers, but some sites will use them as standard. Therefore, always come and visit us here to find the latest crypto betting bonus codes, as well as details of the latest offers at these platforms.You may also see exclusive codes on the banners around this page.
The whole point of claiming a crypto betting bonus is to use it to have a better experience at the site. Depending on which bonus you opt for, you can use it to place various types of bets across a wide range of markets. You may also be able to use your bonus on things like slots, if the sportsbook also has a casino area.
Now it’s time to take a look at some of the most popular betting markets available at crypto betting sites.
| Betting Market | Explanation |
| Moneyline / Match Result (1X2) | Bet on the team or player you believe will win the event |
| Point Spread / Handicap | Betting on the margin of victory. The favorite must win by more than the spread, and the underdog must lose by less than the spread |
| Totals (Over/Under) | Wager on whether the combined final score of both teams will be above or below a pre-set line |
| Prop bets | Bets on specific events or stats within the game that are not the final outcome |
| Parlays / Accumulators | Combining multiple bets into one single wager. All legs must win for a parlay to pay out |
| Futures / Outrights | Wagers placed on the outcome of an event that will be decided far in the future, such as a tournament or season |
A lot of people are intimidated by the thought of crypto betting sites. However, when it comes to the overall user experience, there aren't all that many differences between crypto sportsbooks and traditional betting sites.
The main area where things differ is when it comes to banking options. Instead of using fiat currencies such as USD or EUR, these sites let you deposit and withdraw using digital assets, like Bitcoin and Ethereum. Some platforms will operate only using crypto, while others are hybrids that let you choose between fiat and digital coins.
Some pros that players cite frequently are crypto casino instant withdrawals, lower fees and highly secure transactions. However, some cons include the chance that you will lose your funds if you send them to the wrong wallet address, and also the general volatility of crypto affecting the value of your winnings.
Finally, the legality of crypto casinos will depend on where you live. In order to play at these platforms, you must ensure that both gambling and the use of crypto are legal in your jurisdiction.
If you're curious about making the leap to crypto betting sites, a bonus may help you have a better user experience. Things like free bets, enhanced odds and deposit match bonuses are all designed to let you explore a new sportsbook and the different types of wagers you can make.
That said, it's essential that you read the terms and conditions attached to any bonus before you opt in. These caveats will determine how you use your bonus, and the likelihood of being able to cash out successfully. Ready to try out a crypto sportsbook? The banners around this page will feature options you can access where you live. You can use one of them to get started.
There are lots of different bonus offers available at crypto-friendly sports betting sites. These vary, depending on the platform, but you can expect things like free bets, no deposit offers, deposit match bonuses, enhanced odds and loyalty programs.
As long as a crypto betting site operates in your country and holds a licence from the appropriate gambling authority, the bonuses you’re offered will be legit. That said, you need to read and understand the terms and conditions attached to each deal, to give yourself the best chance of cashing out winnings successfully.
Sometimes, yes! No deposit bonuses are extremely popular, but are becoming more difficult to find. However, you may find free bets at a site which don’t require a deposit, so you may be able to place a small wager for free. As always, make sure you read the T&Cs before you opt in.
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