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The Full Oddspedia Guide to Bonus Hunting Cover
07 Nov 2023

The Full Oddspedia Guide to Bonus Hunting

by Oddspedia Experts
Reading time 6 min
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-11:40
Betting bonuses are implemented to encourage new players to join a platform. Or encourage existing customers to keep depositing and playing on the platform. With so many bonuses, you may be unsure which ones are good for you and where to find the best offers. This article provides an easy bonus hunting guide to enjoy the best offers available across all gambling platforms on the internet.
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Table of contents:
  1. What is Bonus Hunting?
  2. Advantage of Bonus Hunting - Save Your Own Money
  3. Available Sports Betting Bonus Types
  4. Utilise Bonus Money with Betting Systems
  5. Conclusion: Why Bonus Hunt?
  6. Bonus Hunting FAQ

What is Bonus Hunting?

Bonus hunting is trying to profit from different offers across various gambling platforms. Unlike the blind acceptance of bonuses on multiple platforms, bonus hunters meticulously check offers to ensure they can meet the terms as required. You can hunt for bonuses on sportsbook-related markets or at the casino.

Some hunters also engage in bonus whoring, a practice of looking for betting bonuses that do not require users to deposit any cash. The strategies for whoring or hunting are the same and can significantly increase your earning potential at your preferred online betting site.

The free bonus can either be in cash, free spins, chips, or free bets.

Advantage of Bonus Hunting - Save Your Own Money

Before placing a real money bet, it is a good idea to consider bonus hunting to enjoy the benefits stated above. Here is a quick step-by-step guide.

  1. Search for available betting bonuses on the internet and review sites like Oddspedia.
  2. Filter the bonuses for the best offers according to wagering requirements.
  3. Read and understand the terms of the bonus.
  4. Sign up for the chosen gambling platform and opt-in for the offer (if you already have an account, log in and opt-in for the offer).
  5. Complete the terms and conditions of the bonus (this may include making a deposit, selecting a game or making bets before getting the offer).
  6. Withdraw your bonus winnings and look for another offer

Available Sports Betting Bonus Types

A back bet is the most popular type of betting and the traditional one. When placing the bet, you pick the market that tallies with the outcome you believe will win. In Money Line bets, you pick the side you expect to win. For other betting markets, you choose the option that agrees with your analysis of possible outcomes.

There are various bonuses that you can get for your bet to increase your earning potential and make some additional cash. Each type targets a different player or gaming preference and may have varying terms and conditions. You will find that welcome bonuses cover all the bonus types on most gambling platforms. This does not preclude you from taking advantage of other offers at the sportsbook.

How To Claim Your Bonus

Everything You Need To Know In 5 Easy Steps!

How To Claim Your Bonus
Sign Up With A Bookmaker

Click the ‘Register' button to display the registration form

Create An Account

Create your account login details (username + Password) and enter your personal information and submit the information to create an account.

Choose A Bonus

Bookmakers will usually have multiple bonus offers, so pick the one that suits you the most. *Read the small print, especially the wagering requirements to ensure that you will be able to meet them!

Claim The Bonus

Claim your chosen bonus and provide a promo code if you have one. *if a deposit bonus you need to add funds to your account first to activate it

Use Your Bonus

Read the T&Cs and use the bonus to its full potential. *You will not be able to withdraw your bonus or bonus winnings before fulfilling the bonus requirements

Free Bets

A free bet is an offer to wager on a particular game or a group of games with a set value. For example, you may get a free bet worth $10 to wager on the English Premier League games with odds of at least 1.5.

Free bets are also available as part of other bonuses, such as a first sports bet (Welcome Bonus), reload offers or cashback bonuses when you lose your bet. The value of the free bet may vary widely depending on the offer.

When claiming a free bet, be sure to check the free bet expiry date so that you can plan your free bets to meet all the requirements. You will generally find free bets credited upon qualifying bet settlement.

Many bookmakers also specify the qualifying bets, free bet stakes and odds below which the bet is not eligible to fulfil the terms of the offer. Check if the bonus is in bet credits or if it is withdrawable. Read and understand all the terms before redeeming the offer.

Discovering the best free bets will take time and effort.

ACCA Bonuses

An ACCA boost is an added payout on a qualifying bet or accumulator within the applicable system bets. ACCA bonuses are usually in the form of an ACCA boost and ACCA insurance. Most bookmakers express the ACCA boost as a percentage on top of the offered odds. Therefore, they are extra winnings on top of the standard winnings. You will find the additional amount indicated on the bet slip.

On the other hand, ACCA insurance is an offer to return your stake if one selection of your accumulator bets fails to win. The value of your wager is usually produced as a free bet but can also be offered as free money.

ACCA bonuses are usually offered as seasonal or regular offers and are common during popular leagues across the year. They are deposit bonuses with minimum odds requirements and wagering terms for the bonus cash or free bet.

Enhanced Odds/odds boost

All markets in any game up for betting come with specific odds. These odds determine the amount that you are likely to win. The bookmaker may decide to boost single or accumulator bet odds as a reward or encourage players to place a qualifying bet on a particular game.

An enhanced odds bonus is, therefore, a percentage increase in the odds value above the standard ones. Some of the terms that you can expect for this bonus include the number of games that you can play with the bonus, the maximum win and minimum odds for the games that are eligible to be played for the bonus. It is a profitable bonus type if you make the right selections.

Deposit Bonuses

Deposit bonuses are offers that require you to deposit before you can access the bonus. There are different types of deposit bonuses available in sportsbooks, including reload bonuses, welcome offers, cash offers, cashback bonuses and real cash bonuses.

Each offer comes with its terms that may differ from other types. However, they all come with a qualifying bet requirement, a maximum free bet, minimum deposit and odds, and wagering terms for your sports bet. Others may have a bonus code, and deposit method restrictions apply. Please read and understand the terms and conditions carefully to ensure you can meet them before claiming the bonus. Deposit bonus offers are very profitable as they come with a fixed bonus or a multiplier that enhances your expected win. They are also a popular form of online casino bonus.

Utilise Bonus Money with Betting Systems

You can make cash with betting systems and strategies, too. These systems are established procedures that increase the chances of returning a profit. Popular systems include exchange, bonus bagging, statistical anomalies and regression analysis.

Exchange bets result from bet trading on the outcome of certain events. Bettors can bet against each other rather than the bookmaker to earn more money.

Bonus bagging involves taking advantage of the free bet offers from different bookmakers. The software checks for such offers online and provides a guideline on which bookmaker to pick, the amount to stake and events to bet on to increase your winning potential.

On the bonus bagging platform, you only need to click a button that allows you to request a new bet and provides you with the best offers in the market. It also offers rollover bets so that you can meet all the wagering requirements with ease.

  • 200% Deposit Bonus up to $3,000
    Claim bonus
    Exclusive

    Max. bet is set to 1% of the deposit value when claiming a promo. 18+ T&Cs apply.

  • Up To $30 Bet Credits
    Claim bonus

    18+ T&Cs apply.

  • 100% Welcome Bonus up to $122
    No code required Claim bonus

    18+ T&Cs apply.

  • 100% First Deposit Bonus up to $200
    Claim bonus
    Exclusive

    Use the promo code "ODDSB" to increase your bonus by an additional 100%. 18+ T&Cs apply.

  • Get up to $100 Matched Bet
    No code required Claim bonus

    Matched Bonus paid in Free Bets. Geo Restrictions apply. New 18+ customers only. T&Cs apply.

Pros vs Cons
Thumb Up
Thumb Down
  • You make some guaranteed profit and can easily be lots of cash depending on the bonus;
  • You get to enjoy free bet offers across various platforms
  • Increase your earning potential without increasing your deposits
  • The free offers reduce the risk of losing cash in gambling
  • You get to try various exciting games with free bet stakes
  • You do not get a loyalty bonus for the lack of betting consistency
  • Any mistakes you make when choosing the best odds can be costly and make you lose vast amounts of cash;
  • Many bonuses have strict wagering requirements, thereby lowering the earning potential

Conclusion: Why Bonus Hunt?

Bonus hunting may not be as profitable as it was a while back, and there has been a decline in the number of bookmakers with such offers in the recent past. However, it remains a profitable venture if you know where to look.

We encourage you to combine various systems and strategies so that you make the maximum profits from online bookmakers. For example, you may go for bonus bagging and combine it with free bets and an ACCA boost. It is important to remember to meet all the terms of the offer before the validity period of the offer you pick has elapsed—also, note which payment method exclusions apply.

Bonus Hunting FAQ

❔ What Is The Best Type Of Sports Betting Bonus?

There are various types of sports betting bonus offers on the internet. Your choice of bonus depends on your expectations and the money you are willing to risk. Therefore, none of the offers can be better than the rest.

Second, the expected profit varies from one type of betting bonus to another. The same applies to the risk involved. Therefore, evaluate all available bets before you pick the best one based on expected profit, risk and the amount you are willing to risk.

💶 Is Bonus Hunting Worth It?

Yes, bonus hunting is worth it. In many cases, bonuses provide you with a chance to win more without putting your cash at increased risk. Other offers also provide you with an opportunity to make money without spending a penny. You may not know about the presence of such offers if you do not hunt for them. Therefore, we encourage hunting for offers as many times as possible.

💳 Are Bonuses At Online Casinos More Profitable Than Sports Offers?

It depends. Both sports and bets at online casinos have some risk. Therefore, none of them guarantees you a win. The amount you are likely to make as a profit is dependent on the type of bonus and the percentage increase over the standard win. This can vary widely among bonuses across online casinos and sportsbooks. However, you will generally find a more generous casino bonus than its sports counterpart.

Overall, your chances of making a profit depend on how aggressive you are in looking for high-value bonuses. You can find such offers on either sports or casino platforms.

🤔 Is A Quality Loyalty Program Better Than Bonus Hunting?

In most cases, it is not. Most loyalty programs give low rewards based on the amount you have wagered for a period. Therefore, to earn more, you must keep risking more cash on the gambling platform.

However, bonus hunting allows you to take advantage of offers across different platforms without really committing to playing on those platforms regularly. You are likely to earn more with this approach than by risking more cash betting on games to receive loyalty offers.

🏆 How Do I Identify A Good Bonus?

Several factors point to a good bonus. First, the bonus has a high expected win when the player meets the terms.

Second, the offer has manageable wagering terms that ensure that players get some earnings from the initial bonus winnings.

Third, the bonus should offer players enough time to meet the terms. It should also allow players to bet on as many game categories in the sportsbook as possible. This increases the chances that they will pick a game where they can predict the outcome comfortably. It should allow players to withdraw all their winnings by not placing caps on them.

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This article was written by our team of betting experts, any contributing references are noted below.
Last updated 07/11/2023
References
  1. Wikipedia contributors. (2021, December 23). Online casino. Wikipedia. https://en.wikipedia.org/wiki/Online_casino#Hunting
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