Sports betting

What is an odds bonus

An odds bonus is a sum of bonus money, or cash that betting companies sometimes choose to welcome their new players with in connection with their very first deposit. The idea is that it will increase both the fun of the game and the chances of winning a bit then you get some extra money to test the offer with.

Online betting companies often have more or less the same odds to offer at the same sporting event. These come in most cases from Kambi, which supplies the platform for betting. But when it comes to odds bonuses, it can vary all the more then it is up to each bookmaker to set up both the offer itself, but also the bonus terms and conditions .

As long as the betting company follows the rules that come with it New Zealand gaming license , and thus do not offer betting bonuses that exceed$ 100, so the offer itself may look different from gaming site to gaming site.

Different types of odds bonuses

There are certainly more types of betting bonuses than the ones we have listed here, but these are the most common betting bonuses you will find at New Zealand licensed bookmakers. They can sometimes have slightly different terms, such as a refund often called cashback, or risk-free play as some bookmakers (somewhat incorrectly) choose to call it. Gambling is never risk-free because there is always a risk of losing money on sports betting.

Deposit bonus

The most common among betting bonuses is a deposit bonus that you get on your very first deposit on a betting site. This odds bonus is very similar to a classic casino bonuses , which means that an additional amount of money is put on your deposit.

The amount of money that the bookmaker puts into the bonus varies in the usual order, but the most common New Zealand betting sites is a doubling of one's First Deposit up to$100.

No Deposit Bonus

A little more rare and unique bonus this type of bonus is also known as signup bonus . Few betting sites in New Zealand offer this type of bonus, but there are still some online casinos that choose to offer players the option of free online odds .

Cashback bonus

A cashback bonus , or risk-free play as some betting companies choose to call it, is a form of payback for those who do not make a profit. This usually involves making a deposit, placing a” risk-free bet " according to the gaming site's instructions and waiting for results. If you lose, you will get a portion of your deposit back.

Please note, however, that how much of your deposit you get back can vary. It is also not certain that even refunds will be made in the form of cash. It is quite common for one's return$to be edited as a bonus to one's player account, which has wagering requirements that apply.

Gambling sites that offer cashback bonuses on odds:

• Lucky casino
• Smarkets

Boosted odds

A boosted odds is when a bookmaker chooses to raise the odds for selected matches. These also call elevated odds and usually apply to the most popular events and matches. There are also so-called Combo boosts that mean basically the same thing, but for specific combo games. This can mean a little less chance of winning because it applies to several different events and occasions.

An example of this can be that to begin with, you want to place a bet on a match where a certain team has a winning odds of 2.0. However, a specific bookmaker offers a boosted odds of 3.0 on the same team winning the same match. Then the possible winning money increases with a boosted game if you take that offer.

Choosing the right betting bonus

Bonus offers thus vary from bookmaker to bookmaker, and it can vary quite a bit. But there are some points that are good to keep in mind before choosing a bonus offer no matter what game you sign up for. We will go through these points in more detail below.

• Minimum deposit for the bonus offer
• Wagering requirements
• Minimum odds
• Time constraint
• Gaming company's license

Minimum deposit for odds bonus

In order to be able to play with an odds bonus$, it is usually necessary to make a certain deposit. The most common thing at New Zealand casinos is that the minimum deposit is$ 100, and that you get a bonus equal to the same amount. But this is one of the things that is entirely up to the bookmaker, so it happens that a deposit of$200 or more is made to receive a bonus worth$ 100.

This makes a big difference, as the bonus is 50% instead of 100%.

Wagering requirements for betting bonuses

The vast majority of betting bonuses have an additional wagering requirement. This means that you need to wager, i.e. continue playing until you have wagered a certain amount. Most common for sportsbook bonuses is a wagering requirement is somewhere between 5-10 times. This is a counterclaim that must be met before a withdrawal of any winnings can be made.

What we consider to be the best are betting bonuses without wagering requirements, or when only the bonus needs to be wagered. However, even this varies, so be sure to check if your own deposit is included in the wagering requirement.

Also note that different bookmakers may offer several ways to wager their odds bonus. On some gambling sites that offer both casino and betting on odds, you can sometimes wagering their bonus money at the casino . Other betting sites also allow the odds bonus to be wagered on just the odds.

Minimum odds

Another part that is usually included in the bonus terms and conditions when playing with an odds bonus is the “minimum odds”. This means that your betting bonus does not apply when you place a bet on a match where the odds are lower than what is stated in the bonus offer.

Example; You receive a bonus offer where the minimum odds are 1.50 and the bonus has a wagering requirement of 10x. you usually have quite a few different events to bet on, but if you see an odds of e.g. 1.40, it is not possible to play with your bonus money on that event.

Time limit for the betting bonus

Regardless of whether you play at an online casino or bet on Sports, Bonus offers at bookmakers always have an expiration date. This does not necessarily mean that the offer disappears, but that you as a new player only have a certain amount of time to wager your odds bonus.

If you have received a bonus offer on a New Zealand gaming site, you must usually wager your bonus within 60 days of the bonus being activated.

Gaming company's license

In addition to making sure that the gambling site you play on has a New Zealand gaming license with all the benefits it brings, you should also check out what other betting sites or online casinos may be operating under the same license.

This is because New Zealand licensed gambling sites only get$edit 1 bonus per player, IP address and gaming license . This law came into force in$aft 2019, but applies to all players even if it was several years ago you players with a bonus on another gaming site with the same license.

Online casino with best odds bonuses

What makes an odds Bonus an extra good bonus is of course up to everyone. Especially since there are different bonuses, not everyone likes the same kind of betting bonus.

Most players appreciate a boosted bet that can show up on different betting sites from time to time. This is probably the type of betting bonus we prefer, as it is rare to make a specific deposit and you can often find boosted odds among the usual odds on a betting site. Boosted odds are often an initiative of the bookmaker where you really only increase your potential winning amount when you bet on a certain outcome.

We are not as fond of the kind of offers that apply to boosted odds for combination bets. This is because it can often attract you to place a larger bet than you might have thought from the beginning to bet on several matches, while it lowers your chances of winning because it is believed that all your odds match all the final results.

Sources

• The New Zealand Gambling Act
• The support line