Is it worth applying for Bonus at Bitcoin Sportsbook? What can be the consequences in case you sign up for a bad bonus?
Bitcoin Sportsbook Bonus – is usually free Bitcoins given upon first deposit offered to new customers. For example, you deposit BTC 100, this amount is doubled and, therefore, you can place bets on the amount of BTC 200. BUT, is free money given away in this live? Of course not… There are usually certain conditions which you should follow to be able to withdraw your money.
Firstly, in most cases you are asked to complete a rollover – to place bets on amount stated by the bookmaker. Be careful! Some sportsbooks use such conditions so that you will NEVER be able to withdraw – so you just have fun making some bets and finally lose all. A good example can be betOWI Sportsbook’s 32x rollover. What does it mean? So, you deposit $100, receive $100 + $200 = $300, as 200% bonus is claimed, and you have to place bets on the amount of ($100 deposit + $200 bonus) X 32 = $9600 rollover. You can try to complete such rollover, but believe our experience – you will not. betOWI is not included into our rating list.
Secondly, there might be some more limitations, for example, only bets placed at odds not less than 1.5 will valid. Therefore, read each point of all terms and conditions carefully and if you have misunderstood something, inquire for more information of Sportsbook support. Let them explain you all in the highest details.
JETWIN WELCOME BONUS
Our first-rate Bitcoin Sportsbook JETWIN offers only 5x rollover, which is acceptable and such bonus can be successfully finished. There are no hidden and complicated conditions floating to the surface after you have deposited. Everything is transparent. Moreover, customers can track their bonus in their betting account, which is extremely handy:
As it is seen from the screenshot, you can easily track, which bet qualifies towards the turnover requirements, which not and why. In the end, you can also see the total amount counted, pending amount and stakes required.
CLOUDBET BONUS BASED ON LOYALTY POINTS
There is another type of bonus. Cloudbet offers bonus, where you fistly must earn loyalty points and after exchange them into Bitcoins. Loyalty points of Bitcoin Sportsbook Cloudbet are calculated using the following formula: (the square root of the decimal odds minus one) multiplied by stake. For instance, (sqrt(1.4 odds)-1) X mBTC 100 stake = 18.32 loyalty points). You will get BTC 0.01 bonus for 800 loyalty points. Obviously, this bonus is not as instant as the previous and it can take a little patience.
In conclusion, do not fall for big money promised by Bitcoin Sportsbooks unless you read and understand all points of bonus terms and conditions. And only after you have examined all carefully, have a real fun betting!