There are plenty of bookmaker welcome bonuses up for grabs, although most of them require you to upload a deposit. What this means is that in order to qualify for a bonus, first you need to fund your account. However, not all bonus deals are like this. There are some bonuses that you can get just by signing up. The so-called No Deposit Bonuses are what we’re going to discuss in this article.

Recommended to Read Next: Why Beginners Should Focus Entirely On The Signup Bonuses

3 Key Takeaways:

1. Bookmakers offer all kinds of bonus deals to bring new players in.
2. Some online bookmakers offer the No Deposit Bonus, which, as its name suggests, does not require the bettor to fund their account.
3. No Deposit Bonuses are not too profitable, but you can use them to start doing Matched Betting without investing a single cent.

Why Do Sportsbooks Give Bonuses?

According to research conducted a few months ago, there are more than 50 million sports bettors just in the United States. That’s a staggering number considering that sports betting has only been legal for less than two years in some American states. Meanwhile, in the UK, it’s estimated that more than 20% of grownups are sports bettors. It’s a similar case when it comes to continental Europe, as well as Australia and certain parts of Asia.

What this all means is that the competition is fierce among bookmakers. Attracting players to sign up is not that easy anymore. Bookmakers need to get creative in order to attract new customers, which has led them to offering lucrative bonus deals.

These days you can find some really attractive bonus offers. The trouble is that most of them come with some caveats, usually in the form of wagering requirements. What this means is that in order to turn the bonus into withdrawable money, you need to bet a certain amount of times. As most people don’t have a betting strategy, their chances of turning that free money into withdrawable money is not great.

The good news is that there is a way to turn the bonus into real money without gambling. What you need to do is give Matched Betting a go.

Most Common Sportsbook Bonus Types

There are all sorts of bonuses out there, but generally speaking, most of them can be separated into three major categories. Those are the following:

• First Deposit Bonus – This is the most common type of bonus online bookmakers offer. How it works is that you receive the bonus once you’ve funded your account. How big the bonus is going to be is something that depends on the offer. Still, generally speaking, most bookmakers give the 100% Match Deposit Bonus.
• Deposit Reload Bonus – In order to keep the players coming back even after they’ve lost their money (or withdrawn all of their winnings), some bookmakers might decide to offer the so-called Deposit Reload Bonus. The player will receive a bonus after making their second deposit.
• No Deposit Bonus – This is the most attractive bonus type as it requires no deposit. All you need to qualify for this bonus is to register an account.

In addition, there are certain bookmakers that offer some special kinds of bonuses, such as the refer-a-friend bonus. The bookmaker will reward you if you manage to persuade another player to sign up.

For this bonus, you do not have to deposit funds to your account. However, there is a catch. In order to receive the bonus, your friend needs to make a deposit. This is why you can’t think of the refer-a-friend a bonus as a type of No Deposit Bonus.

No Deposit Bonuses Explained

In order to get this bonus, you don’t have to fund your account. All you need to do is sign up to the bonus-giving bookmaker. This fact is what makes the No Deposit Bonus very appealing to sports bettors. However, not everything is great about this sort of bonus.

If there’s one thing bookmakers hate, it’s losing money. This is why you can be sure they are going to do everything they can to prevent you from cashing out. To do that, they might decide to include some clauses in the Bonus T&Cs.

Although it depends on the type of the bonus, most No Deposit Bonuses come with wagering requirements. The bad news is, that often those wagering requirements are not easy to fulfill. The good news is that you can deal with them easily by doing Matched Betting.

No Deposit Bonuses With Wagering Requirements

One of the ways bookmakers try to reduce your chances of turning the bonus into real money is by setting up wagering requirements. What this means is that you are required to wager the bonus as many times as specified in the T&C’s of the bonus offer.

This is something that’s best explained through an example. Let’s say the bonus in question is a €10 No Deposit Bonus with a 10x wagering requirement, with the minimum odds of 2.00. In order to transform the €10 Bonus into withdrawable money, you need to fulfill the wagering requirements. What this means is that you need to wager the bonus 10 times on odds higher than 2.00.

Obviously, winning a 2.00 bet is not easy, now imagine how hard it would be to do it 10 times in a row. The most disappointing thing, however, is that even if you manage to do it, you’re only going to win only €10.

Of course, it’s not always this difficult to fulfill the wagering requirements. Some bookmakers give away No Deposit Bonuses that are not that difficult to clear. Furthermore, sometimes they even offer bonuses that come with zero wagering requirements.

Free Bet Bonuses

Sometimes bookmakers might give you a No Deposit Bonus in the form of a free bet, without any conditions. They’re basically adding free money to your betting account. The trouble is that the amount of money you’re going to receive is probably very small. In fact, in most cases, it’s so small that you can’t even withdraw it.

Conveniently for bookmakers, the free bet is usually smaller than the minimum amount you can cash-out. What this means is that you have to wager those funds in order to get a withdrawable amount. For instance, if the minimum amount you can cash-out is €10, you can be certain that the free bet you’re going to receive from the bookmaker is going to be less than that. Actually, it’s very likely that the free bet is going to be around €5, so that you’re required to wager it on the odds of 2.00 in order to be able to cash out.

At this point, you might think that the solution to this problem would be depositing a small amount to your account only to be able to withdraw it together with the bonus. Unfortunately for you, bookmakers have taken this scenario into account. This is the reason why many of them don’t allow cashing-out the money that hasn’t been used for betting.

No Deposit Bonuses for Matched Betting

Due to the fact that No Deposit Bonuses are usually pretty difficult to clear, many bettors have decided to use mathematics in order to beat the bookies. One of the methods designed for clearing bookmakers’ bonuses is Matched Betting.

If you still don’t know how Matched Betting works, you better take a look at this video. If you do know how this method works, you’re probably very eager to learn how to get the most of it by taking advantage of No Deposit Bonus offers.

Most Bonus Bookmakers offer deals in which you are required to make a deposit and make a qualifying bet in order to receive the bonus. What this means is that you are required to invest at least a little bit of money in order to get your Matched Betting campaign off to a flying start.

However, when you add a No Deposit Bonus to the equation, you turn Matched Betting into a zero-investment strategy. The best thing is that you don’t even have to pay for a Matched Betting software as Oddshero comes with a free version.

Using the No Deposit Bonus for Matched Betting will not bring you big profits. However, it will provide you with enough funds to take it to the next level. With that money, you will be able to make deposits at Bonus Bookmakers that offer really lucrative deals.

You can also use that money to get yourself a paid subscription at Oddshero, which will enable you to do Matched Betting with a betting exchange such as Betfair and Matchbook. By using betting exchanges for Matched Betting, you will get a chance to increase your profits significantly, possibly earning as much as €1,000 in a single month.

The story doesn’t have to end there. You can use the funds made through Matched Betting to start Value Betting with Trademate Sports, a betting technique that can make you a millionaire.

Key Takeaways

1. Almost every online bookmaker has some kind of bonus offer the bettors can take advantage of.
2. No Deposit Bonus is loved by bettors as it requires no investment.
3. You can clear the wagering requirements of a No Deposit Bonus by doing Matched Betting.