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Peek at any reputable crypto betting site, and youâll probably see them advertising a crypto betting bonus. These special promotions can offer some serious mileage â but only if you know how to play them correctly.
Naturally, this means understanding the different kinds of bonuses that are out there, as well as how any particularly tricky terms and conditions (T&Cs) might impact your betting experience. Hereâs my quick crash course on what you ought to know, as well as an introduction to todayâs top bonuses.
When online betting sites first became a thing, they were predominantly powered by credit and debit cards. Since then, the rise of popular e-wallets like Skrill and PayPal has seen these thrown into the mix, too, and more recently, crypto betting sites have begun taking off.
Using Bitcoin betting sites, Ethereum and other popular cryptocurrencies affords players like you a few key advantages over using other, more mainstream payment methods. Some standout pros include:
If youâre a new to the betting world, you shouldnât be scared off by crypto betting sites â theyâre surprisingly easy to use, and these guys tend to offer bigger-value, more flexible bonuses than their fiat-restricted competitors, too. Likewise, seasoned bettors â and particularly high rollers â are sure to have a whale of a time whenever such bumper bonuses are on the table.
You wonât have to look too far to find a great sports betting bonus that you can get with your crypto deposits. What you need to do is to simply look at the banners on this page, and youâll see lots of great sportsbooks who not only accept crypto, but are more than capable of putting on top betting bonuses too.
The good news here is that each of these banners works to highlight those betting sites who are available in your location. This means that you can legally sign up to these sites, make your crypto deposits and then look forward to getting your bonus. From here, you can simply use your promo credit to take your sports bets to the next level.
Most of the promotions youâre likely to stumble across in the crypto betting world are largely the same as those offered by regular, fiat money betting sites. These can broadly be categorized into the following two areas:
All the best crypto betting sites out there advertise welcome promotions. Why? Well, itâs dog-eat-dog out there, (speaking of which, check out our dogecoin betting sites for such bonuses) and every crypto betting site wants to catch the eye of would-be new bettors like you.
Now, welcome bonuses typically come in a few different forms, and itâs important to know whatâs what. The most common types, include:
What are they? đ€· | How do they work? đ | |
---|---|---|
Free bet bonuses | New customer bonuses offering one or more âfree betsâ â usually on specific sports or odds. | Youâll claim a bet token on sign-up and must wager it on a sport/odd determined by the brand â e.g. a $20 free bet on tennis games with odds of 2.00 or greater. |
First bet offers | New customer bonuses which allow you to claw back your first wager as a free bet token if it loses. | Youâll put down a cash wager first, for example, of $10, then be eligible to receive that same amount back as a free bet token if it doesnât land. |
Matched deposit promotions | New customer bonuses where the betting site will âmatchâ your first deposit up to a certain percentage amount. | Youâll make a qualifying deposit, for example, of $50, then the house will match it up to, say, 100% or 150%, depending on the terms. |
Grabbing a hold of any one of these the first time you register with a BTC betting site can enhance your betting experience in innumerable ways. Just like we found when analyzing the BC.Game rating, free bets might give you an opportunity to try out a new market, or a different kind of bet type you hadnât previously given a second thought. For example, while a matched deposit promo might offer free bets playable wherever you please. Though of course, youâll need to tread carefully with any T&Cs involvedâŠ
VIP or loyalty rewards are largely cut from the same cloth and can be found a lot on crypto casino sites, though theyâre targeted more at bettors who already have an iGaming account with the brand. These kinds of crypto bonus offers are not always as big and boisterous as welcome promos, simply because they donât have to be â youâre already a customer, right? Theyâre also sometimes only available to a siteâs most loyal customers.
Of course, this means you might need to enrol into a special VIP Club to get your hands on them, though the process for doing so is usually pretty self-explanatory with most brands, so donât worry. Some classic loyalty bonuses, include:
What are they? đ | How do they work? đ° | |
---|---|---|
Free bets on special events | A free bet token playable on a selected upcoming event. | Youâll get a set amount, for example $25, credited to you as a free bet, but it must be played on a certain event â Germany to win the soccer World Cup, for example. |
âLevel-upâ bonuses | Bonuses linked-in with VIP or loyalty programs. | Some brands offer VIP schemes where you can rack up points and climb your way up a loyalty ladder. Each time you âlevel upâ, you might land some free bets. |
Some brands offer VIP schemes where you can rack up points and climb your way up a loyalty ladder. Each time you âlevel upâ, you might land some free bets. Other crypto options such as Ethereum betting sites will have their own unique bonuses worth checking out. Needless to say, you should never be short of crypto casino bonus options with so many sites around.
Think that crypto betting bonuses only exist as welcome offers or as part of a loyalty program? Think again, because most decent sportsbooks will put on a range of top deals for existing customers too.
These bonuses can usually be found in the promotions section of the betting site, or you might also find them on the relevant social media channels, mailing lists or even one the banners of this page. Here are just some of the most common crypto betting bonuses that you could get as an existing customer:
Making multi-bets or parlay bets is fun, but it definitely isnât easy. After all, you have to get each of your selections to win for you to win the entire bet. Thankfully, lots of crypto betting sites understand this and they will put on some great multi-bet promos accordingly, you can also check out our Litecoin betting sites article for any information on this.
Some of these deals might work to let you win your parlay bet, even if just one of the selections lets you down. However, other deals will simply give you a profit boost for including more selections in your multi-bet. Perfect for getting suitably rewarded for winning this notoriously tricky kind of sports bet.
I love these deals as they simply give you enhanced odds for certain betting markets with no strings attached. Youâll usually see these odds boosts available for some of the biggest sporting events like Premier League soccer, NBA basketball and so on, and they can give you a much better price on your bets.
The key thing to remember here is that such odds boosts are usually granted for some tricky betting markets. This means that you might be pushed a little out of your comfort zone, but the rewards can be well worth it.
Iâve seen lots of betting sites whoâll put on some great crypto betting bonuses for specific sporting events. This means that you might be able to pick up something like a matched deposit bonus for the Champions League soccer final or even be able to get a losing bet refund for your Super Bowl bets. As always, be sure to check the terms and conditions of these deals to make sure that you are getting a fair deal.
Itâs also quite common for some betting sites to put on deals that are specific to individual teams and players. For example, I have seen one crypto betting site who sponsors a Premier League soccer team and they will give you a great bonus if that team manages to score the first 15 minutes of their next game.
Elsewhere you might find special bonuses for when a particular player scores a certain amount of points in an NBA game or when a hockey player puts in a great performance in the NHL. So be sure to shop around to see what deals you can get for betting on your favourite teams and players.
As I said, bonuses offer innumerable benefits. Some of the best ones, being:
Arguably the best part of any promotion is that the bonus bets on offer are free. And whatâs better than a freebie, right? Just be sure to watch out for wagering requirements, time limits and any other tricky T&CsâŠ
By claiming a crypto betting bonus thatâs good for a few free bets, you can usually try-out the siteâs offerings without forking out any of your own crypto cash to place those bets.. Think of it as a âtry before you buyâ policy if youâre a first-timer.
Bonus offers can give a much-needed boost to your wider betting strategy once youâve factored a few free bets into your game plan. Loyalty-based offers are particularly good for helping you edge ever-closer to your betting targets.
Likewise, there are cons of crypto bonuses that itâs wise to be aware of, too, such as:
Before claiming any bonus, you should take care to double-check your preferred cryptocurrency is definitely bonus-friendly. Some offers might be off-the-table to customers who deposit with Bitcoin, while others could be Bitcoin-exclusive.
These kinds of fiddly rules are more common than you might think â so tread carefully and always deposit via eligible currencies.
T&Cs can be a bit⊠awkward. For example, itâs common for bonus bets to come with wagering requirements â which means that theyâll need to be played through a pre-agreed number of times before you can cash out.
Time limitations are common, too. You could have, for example, only 48 hours to wager a bonus bet before â poof â it disappears or is rendered void. The best way to jump such hurdles is, of course, to study the rules intently before you bet. Keeping the T&Cs open in a separate tab while you play is another strategy.
You need to think about how claiming any particular bonus might affect your broader betting strategy. For example, a free tennis bet probably wonât cut the mustard if you signed up solely to play cricket, while a free bet thatâs compatible with single outcomes only will probably be useless to those of you whoâve relied on a tried-and-tested spread-betting strategy for decades.
The best solution here is to shop around widely, and only ever jump for bonuses that are going to work for you.
So, claiming a new customer bonus with a crypto betting site is a great way to get a taster of what the platform has to offer. Whether youâre a first-time bettor or a hardened sports fanatic, sinking your teeth into a few free or risk-free bets is always good fun, but any of you who are thinking of using a bonus should tread carefully when it comes to potentially tricky T&Cs.
What do I mean by that? Well, think carefully about things like wagering requirements, currency restrictions and how claiming the offer could impact your overall betting strategy. And if a bonus doesnât sit well with your wider game-plan? Well, then maybe itâs time to start shopping around elsewhereâŠ
Yes â you can sometimes even get a crypto-exclusive offer. Find out which sites have these nowâŠ
Of course, but you should make sure any reputable betting brand ticks these all-important boxesâŠ
This is basically a bonus that requires an activation deposit. Find out how this worksâŠ
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.