Welcome Offers on Online Sports Betting Sites
It has become a tradition for online betting sites to offer new players with perks so they can have a prosperous beginning at their site. This is not just a customer retention strategy but also a way to make it easier for players to start betting without major budget constraints. In this article, we have curated a list of online betting sites that offer lucrative welcome offers so you are able to gauge which one is best for you. Some online sports betting sites offer Indian players free bets as welcome offers while other sites offer deals to match your deposit amount. For example, the website is claiming to provide customers with a 100% deposit bonus of up to ₹5,000, it means that whatever amount is deposited by a customer for up to ₹5,000, the website will pay the amount as soon as the deposit is made. Below we will talk about how it is important to choose the right welcome bonus so you have the extra money stocked in your betting account. This extra money helps let you bet and win more.
Which Welcome Bonus is Right for You?
Players who are new to the online sports betting and gambling platforms may not be familiar with the concept of welcome bonus and should, therefore, be careful while selecting the platform to carry out their betting activities. Figuring out which welcome bonus is right for, is not too difficult. Online betting sites are eager to pay free money to bring in more players. However, availing a welcome bonus is completely optional but there is no reason that one should not as it doesn’t cost you anything. Most betting sites offer customers the option to match their deposit amount. The bonus amount depends on the total deposit a player has made. For instance: If you have made a deposit of ₹15,000 on your new betting account, you are eligible for a bonus of ₹15,000. You now have a total of ₹30,000 deposited in your betting account. You won’t be allowed to withdraw the bonus until you wager the bonus in the sportsbook for a certain number of times. Now, you won’t be allowed to withdraw that extra ₹10,000 just yet. That would be bad business for the bookmaker. Instead, they want you to wager that money in the sportsbook or online casino a certain number of times. This is known as a wagering requirement.
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Wagering Requirements
The needs of each bookmaker are different from the other. There are online betting websites that require the bettor to wager the bonuses a couple of times, while others might require you to wager the sum 10 times before you can withdraw it. The wagering requirements of each of the websites you come across would be different. Some might require a 2 times wager while others might require a 10 times wager. In case you are planning to earn a profit and wish to withdraw the earning, you need to search for an online betting site with the minimum wagering amount. Also, the bettors need to keep in mind the minimum odds needed for the wagering requirement. There are times when online bookmakers will come to you and say that odds less than 1.50 do not qualify for the wagering requirement. This is usually done to not allow online bettors to place too many smaller bets on games wherein the result is certain. Lastly, the bettor should be aware of the day and date the bonus would become invalid (expiration date). If the bettors do not use the welcome bonus within a specified time frame, then the online betting site would simply take the bonus away. Usually, an online bettor is given 90 days to put the bonus money to use. Therefore, it can be said that choosing a welcome bonus is much more than finding a website with the biggest welcome rewards. The bettors have a lot more to consider. So, it is better to choose the website carefully while choosing an online betting site giving welcome bonuses.
Online Payment Methods to Withdraw Welcome Bonus
Withdrawing your welcome bonus can be a really daunting task if you don’t know which online payment method is perfect to use. Here we will talk in general about some of the most common and popularly accepted online payment methods that you will find on most betting sites.
Paytm
Being India’s largest payment gateway with maximum outreach, Paytm has become a household name among almost every Indian who uses digital cash. The platform helps connect merchants and customers from all industries. Trust is a major factor that contributed to its popularity among Indian customers. Be it the grocery shops, petrol pumps, cabs, or the auto-rickshaws, you will find people using Paytm even for the simplest and minuscule transactions.
Things to Consider When Using Paytm for Withdrawal
- Below are a few things that need to be considered before you begin withdrawing money from your betting account using Paytm:
- You may come across certain online betting sites with restrictions on withdrawing from your betting account.
- These sites may only permit money withdrawal through the previous money withdrawal method you were using on the same site. Also, certain online betting sites won’t allow money withdrawal more than the deposit amount.
- Some websites offer a minimum withdrawal limit and give 3-5 free withdrawals every month. No fee is charged for these withdrawals.
E-Wallets
Neteller and Skriller are two major e-wallet service providers who have a great footing in the online casino and sports betting market. An e-wallet is an electronic card that is designed for users to carry out online transactions through a phone, tablet, or computer. They are one of the most secure and easiest transaction platforms and therefore very popular among punters and betting professionals. They require you to link your bank account so you can easily transfer the funds. E-wallets usually store personal information and allow users to make instant deposits and withdrawals on a selected number of bookmakers. E-wallets also eliminate any chance of your bank information getting revealed to a betting website. They are free to use, however, several betting sites ask for a small commission on making a transaction.
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Advantages of Using an E-Wallet
- E-Wallets help in keeping the personal and bank account details off from the betting sites. There is no need to enter the bank details every time you want to deposit or withdraw money.
- In case the betting site is compromised, you would lose all the money in your e-wallet (it is advised that you keep the balance low so you don’t incur major losses). The bank details won’t be compromised, which is a great thing that’s essential to keeping the bank account privacy intact.
- The bank, in any way, cannot get to know about your gambling transactions. This is beneficial for you as you can easily submit mortgage applications without any fear of being scrutinized.
- The transaction processing time is faster, which makes it a great platform to be used for moving the money around or on to various betting websites.
- You have the facility to keep track of the winnings/loses and other details in all of your betting accounts in one place.
PhonePe
PhonePe is a one-of-a-kind online payment method that has become a hit among Indian punters who want to make instant payments without following long procedures. This digital payment method is the first mobile-based application that was created on the UPI (Unified Payments Interface). The most impressive characteristic of PhonePe which attracts the majority of customers is its availability in more than eleven official Indian languages including Odia, Gujarati, Marathi, English, Telugu, and Hindi. You can avail the Welcome Bonus by depositing the minimum required amount on any online betting site using the PhonePe payment method. However, you can also deposit the amount using AstroPay, Online Banking, Paytm, and any other online payment method available on the bookmaker. These are some of the most commonly used payment methods that are used by almost every Indian bettor to withdraw their Welcome bonus. Each Welcome Offer provided by every online bookmaker is majorly contributing to the increase in the number of bettors which is a great indicator of the impact online betting has on players around the world. It is therefore necessary for each online bettor to keep track of every online betting platform who is offering lucrative Welcome bonus offers. This would help you stay ahead in the game and make the best of everything, wherever you register yourself at.
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Min Deposit: $10
Min Deposit: ₹1,000
