The Full Oddspedia Guide to Bonus Hunting
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.
- Search for available betting bonuses on the internet and review sites like Oddspedia.
- Filter the bonuses for the best offers according to wagering requirements.
- Read and understand the terms of the bonus.
- 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).
- Complete the terms and conditions of the bonus (this may include making a deposit, selecting a game or making bets before getting the offer).
- 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!
Click the ‘Register' button to display the registration form
Create your account login details (username + Password) and enter your personal information and submit the information to create an account.
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 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
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.
Bet $5, Get $150 in Bonus BetsNo code required Claim bonusNew customers only. 21+. Wager your first $5+ and if you win, you'll be awarded $150 in bonus bets. Gambling Problem? Call 1-800-GAMBLER. FanDuel Sportsbook available in AZ, CT, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NJ, NY, NC, PA, OH, TN, VA, VT, WV, WY only. Full T&Cs apply.
- Up to a $500 Second-chance BetClaim bonus
Payout on Free Bet wagers includes profits only(stake not returned). Must be 21+ and physically present in U.S. T&Cs apply.
- Up to $1,500 back in Bonus BetsClaim bonus
Place your first wager and receive up to $1,500 back in Bonus Bets if the bet loses. If the bet does lose, your Bonus Bets will be available once your initial wager is settled. Must be 21+ and located in the U.S. T&Cs apply. Please Gamble Responsibly!
- Get $100 when you bet $20No code required Claim bonus
Free bets will be broken down into 10 x $10 bets. Must be 21+ and located in the US at time of wagering. T&Cs apply.
- Bet $5, Get $200 + No Sweat NBA SGP TokensNo code required Claim bonus
Regardless of the outcome of the wager the bonus will be awarded as six(8) $25 Bonus Bets. Must be 21+ years of age or older and physically located in the U.S(AZ, CO, CT, IA, IL, IN, KS, KY, LA (select parishes), MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WY or WV). New customers only. T&Cs apply.
- 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?
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?
💳 Are Bonuses At Online Casinos More Profitable Than Sports Offers?
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?
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?
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.
- Wikipedia contributors. (2021, December 23). Online casino. Wikipedia. https://en.wikipedia.org/wiki/Online_casino#Hunting
