Making the Most Out of Your Bonus Bets

by | 6 May 2022

One of the most exciting perks of getting into horse racing sports betting is the opportunity to take advantage of bonus bets. 

Bonus bets are promotional offers provided by bookmakers to entice new customers or reward existing ones

This is largely a marketing tactic, as the online gambling industry grows more and more competitive each day. Bookies tend to offer bigger and better promotions to players to stand out against their competitors.

If you’re just starting out as a punter, it’s likely you’ve already come across a few of these yourself.

In this article, we’ll delve into the world of bonus bets, discussing how they work, and essential tips on making the most out of them.

Double the Fun with Smart Staking

So, you’ve got a juicy bonus bet in your hands – how do you make it count? You play smart with your stake, of course!

Don’t blow it all on a single risky wager. Instead, split it into smaller bets across different events to maximize your chances of hitting that jackpot.

Divide that bonus bet into smaller portions and spread them across various events. By doing so, you’ll double the excitement by engaging in multiple bets. 

Not sure how to split your bets? Luckily, there are all sorts of staking strategies you can try your hand at. Be wary though, as some of them will be riskier than others. Some of them might even send you straight to the poorhouse if you’re not careful—or smart—with your money!

Be smart about staking your bonus bet and watch how those smaller bets add up to a more satisfying and successful betting experience. 

Shop for the Best Odds

Don’t settle for the first odds you see! Shop around for the juiciest lines and odds in town. 

Different bookies offer different prices, so grab your detective hat and find the ones that give you the biggest bang for your bonus bet buck.

By comparing these odds, you can unearth the most favorable deals, ultimately maximizing the potential return on your bonus bet investment.

So, arm yourself with patience and compare the odds across different bookmakers. Go for the ones that promise the biggest bang for your buck! 

Related: The Best Bookies in Australia Survey

Explore Different Markets:

Why put all your eggs in one basket? Diversify your betting portfolio and explore various markets. Within the arena of sports betting, the world of betting is vast, and your bonus bet can be the golden ticket to discovering new winning opportunities!

If you use it right, those bonus bets can grant you the chance to step outside your comfort zone and try your luck in sports you might have never considered before. 

From football to basketball, tennis to horse racing, each market presents its own set of possibilities and potential profits.

By diversifying your bets, you’re spreading the risk and increasing the odds of hitting those winning streaks. Who knows? You might discover an untapped talent for predicting outcomes in an entirely new sport!

Cash Out Strategically

So that bonus bet is paying off, and you find yourself in the middle of a winning streak. When that happens, it might be tempting to ride the wave of success until the end. But wise bettors know when to secure their winnings. 

So before you get too carried away, think about cashing out strategically. In sports betting, to cash out means to settle your bets before the event actually ends. You can usually do this during live betting events.

And no, cashing out and admitting “defeat” are not the same thing. On the contrary, it’s a strategic move to protect your gains and ensure a satisfying betting experience overall. 

Cashing out strategically means locking in some profits while you’re ahead. After all, being able to walk away with a smile on your face and money in your pocket doesn’t sound like defeat at all!

By preserving a part of your bonus bet, you leave the door open for future opportunities. You never know when the next promising event might come along, and having funds at the ready gives you a valuable advantage in the betting game.

Related: Live betting Strategy- In play betting tips

Learn from the Pros

Who said learning can’t be fun? Follow expert tipsters or successful bettors to learn from their strategies and insights to make the most of your bonus bet.

By following expert tipsters or successful bettors, you open the doors to a world of valuable strategies and insights. 

Imagine having access to the secret sauce of seasoned professionals who have mastered the art of betting. Some tipsters even have insider info on bookmaker tactics for bonus bets. Talk about taking the fast track to profit!

An example of a reliable tipster service is Edge Alerter. This algorithm-based tipping service offers you access to real-time alerts and top-notch tips to help you make informed decisions and stay ahead of the game. 

Related: How To Convert Bonus Bets Into Cash At Over 100%

Conclusion

Bonus bets and promotions may be used to reel betting rookies in, but there’s no reason for seasoned punters not to get in on the action too.

As long as you’ve prepped yourself thoroughly, grab those bonus bets, tap into that pro-bettor mindset, and watch those winnings soar!

Don’t leave your bonus bets to chance. Join Edge Alerter now and take your sports betting to the next level!

With Edge Alerter, you gain access to real-time alerts and top-notch tips from seasoned professionals, helping you make informed decisions and stay ahead of the game.

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