One of the most prominent features that set online sportsbooks apart from the land-based variety is the range of promotions. You don’t expect to walk into a Vegas sportsbook and get a free $5 or $10 bet just for showing up. At an online sportsbook, new member promotions and reload deposit bonuses are the norm.
Some punters see that bonus cash as little more than an incentive to sign up. They might even make frivolous wagers with it, taking chances they wouldn’t normally take with their own money. That’s fine if that’s the route you want to take, but it’s not the strategic way to do it.
Experienced sports bettors see promotions like this as an extension of their bankroll; an easy return on their overall investments.
This sample scenario will help you understand how a simple $5 bonus can increase your ROI rather dramatically.
A new punter receives a $5 bonus for depositing $20.
He handicaps a line, taking +2 extra points and dropping the odds from 1.90 to 1.70.
He bets the full $25 on it.
After winning the bet, he receives a total of $37.50. This includes his original $20 (the $5 bonus is not returned), plus the winnings of $17.50.
His ROI is $17.50 profit on a $20 investment, for an 87.5% ROI.
Had he not received the bonus, he would have only made a $14 profit, at 70% ROI.
Had he chosen not to adjust the point spread and line, taking the original 1.90 odds, his return would have increased slightly with an $18 profit, 90% ROI, but the risk would have been substantially greater.
A small new player bonus is just the tip of the iceberg when it comes to online sportsbook promotions. The more you deposit and bet, the more promotions you will receive. And for this reason, I strongly encourage you to withdrawal your winnings regularly.
Withdrawal Winnings – Deposit Anew
If you continue to let your bankroll build on what you’ve won, you won’t be getting any equity from deposits. However, if you request a withdrawal each time you win, you’ll gain equity by restocking your bankroll with new deposits more often. Add this to your spread betting system repertoire, and every deposit is another step forward towards another bonus offer.
It is true that withdrawals take a few days to reach your bank, but don’t let that discourage you. Deposits are instant. Do not reverse your withdrawal request just because you found another bet you want to place. Let the cashout process in due time, depositing what you need to move ahead. Do this with each sportsbook you’re a member of. Your spread betting system will bankroll and ROI will thank you for it.