The gambling industry has always been known for being fun and potentially profitable, but as the ever-evolving landscape continues to grow, gambling sites have been forced to adapt.
First came cryptocurrency, faster, cheaper, and more secure methods of transacting finances. With crypto being launched around 2009, it wasn’t too long after that crypto gambling sites started popping up, with the first wave hitting in 2014. But what’s even crazier is the recent surrgeance in esports betting. Sports betting has been a big part of gambling, but the same attention was not given to esports, why? Esports competitions can be traced back to the 1970s, but coverage and adoption have only recently started taking off.
As the internet and emerging technologies have broken down barriers, creating new forms of entertainment, gaming has grown into its own empire. Esports leagues and competitions are on the rise, and with that, betting opportunities have followed. And with the rise of esports gambling has come some lucrative esports betting bonuses.
Esports betting bonuses
Understanding crypto betting bonuses
As exciting and rewarding as these bonuses seem, they can also be confusing. We do not want the confusion to lead you into claiming bonuses that aren’t best for you and your gambling needs.
There are sign-up bonuses, deposit bonuses, cashback bonuses, and so much more. With each bonus, or promotion comes unique terms and conditions. How much must you wager to claim your winnings and how long do you have to meet that wagering requirement? Because there are so many types of esports bonuses and rules for each, we will only be covering the basics and most popular options you need to know. So let’s dive in.
Types of esports betting bonuses
As we already said, there are so many different types of esports betting bonuses out there, so we are just going to highlight the ones you are most likely to come across. Obviously, each gambling site and their bonus requirements are going to be different but this is the basics of what you will need to know. These are some of the more common crypto esports promotions and bonuses:
Esports risk-free bets
This esports betting bonus allows players to make a bet without the risk of losing funds. Think of it as insurance. Gambling sites will either give you a free risk-free bet on top of prior bets or give you a limit of the total you can bet risk-free. If you win you win, and if you lose then it is as if the bet never happened.
A cashback bonus is a promotional offer that provides players with a percentage of their net losses back as a bonus or real money funds. This bonus helps soften the impact of losses and provides players with a second chance to try their luck.
Esports welcome bonuses
Esports bettors trying out a new platform can take advantage of welcome packages, which are rewarded to newly registered players. Welcome bonuses will usually provide a percentage match on players’ deposits. Players could claim up to four deposit bonuses within a welcome package.
Esports free bets
This type of esports betting bonus allows players to make a bet without any real money being used. These free bets will either be an addition to your bet slip or will be given upon deposit. Ultimately a free bet is a free bet and the winnings are yours to claim.
Rakeback is similar to cashback, and can sometimes be used interchangeably, but there is a difference in some cases. Instead of providing players a portion of their net losses back, the crypto gambling site provides players with a percentage of their overall wager balance back.
Finding the best Bitcoin esports bonuses
While esports betting bonuses may seem like a clear winner and could provide an undoubtedly thrilling layer to your experience, it’s important to approach your bonus hunt with caution. Be wary of wagering requirements, untrustworthy gambling sites, and bankrupting your bankroll.
Here are some tips for finding the best crypto esports bonuses.
Choose reputable gambling site
Be sure to choose a trustworthy and well-established gambling site. This will help you steer clear of fraudulent activities or dodgy business practices. Stick to trustworthy and licensed crypto esports gambling sites to ensure fair gameplay and secure transactions. Check out our article about how to choose the perfect cryptocurrency gambling site for you.
Read the terms and conditions
Every bonus comes with specific terms and conditions, including wagering requirements and time limits. Understanding these rules will help you make the most of the bonus and avoid losing funds because of unrealistic requirements.
Diversify your gameplay
Explore various crypto gambling sites and esports bonuses options to utilize your bonus funds optimally. This will require you to choose bonuses that allow for wagering across multiple game categories.
For example, some bonuses may only be applicable for a specific CS:GO tournament while other bonuses might allow you to be on any esports. Choose bonuses for the games you want to bet on.
Manage your bankroll
Bonuses can sometimes be misleading in making players feel like they are doubling their bankroll when the truth is that is not often the case. So players keep depositing to meet the wagering requirements to unlock the bonus they opted in for. Set a budget and stick to it. Avoid chasing losses and gamble responsibly.
Esports bonuses and promotions
There you have it, esports promotions and bonuses in a nutshell. There is obviously a lot more for you to explore and learn in terms of esports betting bonuses, but this is a good start to your journey.
No matter the type of bonus you want, there is sure to be a gambling platform out there that offers it. Just make sure you are choosing reliable gambling site and reading the terms and conditions before accepting any bonuses. But most importantly have fun. Gambling is unpredictable and as much as we want you to win big, the goal of gambling should always be entertainment over earnings. Take advantage of esports betting bonuses and promotions, use them to extend your gameplay, and try to find wager-free bonuses if possible. We wish you luck on your esports betting.
Thank you for reading along and choosing us as your source for esports betting knowledge, we hope we helped you learn a little bit more about esports betting bonuses. Now get out there and get esports gambling!