Cash Signup Bonus

Cash Signup Bonus

 

One of the top perks of signing up on a sportsbook is the juicy bonuses. Legal sports betting has opened the doors to many sportsbooks to expand and market their platform to UK bettors. 

Looking for a sportsbook as a newbie bettor could be challenging, not necessarily because of the signup procedure, but because of the varying signup incentives offered by bookmakers.

There are many bonuses to be gotten after signing up successfully, but one of the most popular welcome bonuses is the Cash signup bonus or Matched Deposit offer. Of course, there are other bonuses available, but this guide contains detailed information on what the cash signup bonus is and further necessary details.

What is a Cash Signup Bonus?

 

Also known as matched deposit bonus, the sportsbook offers this welcome bonus to match the newbie’s real money deposit. It is usually capped at a certain amount. This bonus offer is generally provided for the first deposit only, but some sportsbooks have taken it a niche further by extending it to other stages of natural money deposits. 

If a bettor makes a first deposit, he usually receives a 100% cashback deposit. For the sportsbooks that extend the bonus to other stages, the second deposit could see a 75% deposit cashback, up to the fourth deposit. This type of bonus is rare for sportsbooks, though.

Is this cash free? Yes, it is. After signing up and making the real money deposit, the bettor will find the deposit amount in the bonus account (this is different from the real money account). 

If the bettor makes a £100 first time deposit, he will receive a 100% match rate bonus in the bonus account. All sportsbooks have a maximum amount to pay a deposit bonus. Customers can get such information on the sportsbook’s terms and conditions page. 

Standard Terms and Conditions of Cash Signup Bonus

 

While the terms and conditions for the cash signup bonus differ from one sportsbook to another, general ones can be found on almost all the sportsbooks.

Time Limit

 

After the cash bonus is awarded to the newbie, a time limit is usually attached to the prize. Bettors typically need to “activate and play” the bonus within 30 days after the bonus has been awarded. Failure to use it within this period may see the bonus expire. 

Play-through Requirement

 

This requirement is simply the bettor wagering the bonus completely before being eligible to withdraw the cash prizes. Look at it this way; it is a fail-proof method to ensure sportsbooks don’t go bankrupt, offering cash bonuses to new bettors. 

Also known as Rollover, the bonus must be rolled over a certain number of times before the bettor can withdraw the bonus. The number of times differs from one sportsbook to another, so studying the terms and conditions before making real money is essential.

Conclusion

 

The cash signup bonus is an easy way to increase the bet slip with favourite sports events and increase the potential cash prizes without using real money.

While it is fun to get the exact amount deposited back as a bonus, the requirements attached must be considered and adhered to before going ahead to make use of the prize.

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