I always liked the idea of making extra money from a hobby, so when I found that I could make extra bucks by watching football matches, I didn’t think twice and opened an account on a bookmaker. As a beginner, I made silly mistakes such as just following my instincts every time I placed a bet and not paying attention to the catch behind betting sites’ offers. Although that didn’t affect my earnings in the short term, it made me lose some money in the long term. Hopefully, by knowing these 4 things, you’ll start off your gambling journey on the right foot.
- Sign Up Offers: Always Read The Terms and Conditions
All bookies offer a sign-up bonus for new customers. They’re a great way to increase your initial capital; unfortunately, the most attractive bonuses have a catch inside the wagering requirements.
Wagering requirements represent the number of times you have to play a bonus before being able to withdraw cash. They’re often included in the terms and conditions of all bonuses. The conditions also specify vital information such as the minimum odds that count towards the wagering requirement, the bonus expiration date and qualifying betting markets.
Some conditions are easy to complete, while others are impossible for newbies. For example, let’s imagine you deposit $100 in bookmaker 1 and bookmaker 2 and receive a $100 bonus with the following conditions:
Both offers look similar, but to make a cash withdrawal, you must wager a total of $500 on bookmaker 1, while the phrase ‘included deposit’ doubles this amount to $1000 on big gaming 2. Also, odds ‘2’ represent 50% chances of an event to happen that not so many people can profit from. Finally, the betting market restrictions and fast bonus expiration on bookmaker 2 might even challenge experienced bettors.
Before opening an account on any bookmaker, always look for the small print and read the terms and conditions of bonuses.
If something in the conditions is unclear, don’t be afraid to ask for clarification from customer support. You can easily contact them through the live chat that most betting sites include..