Which Offers Better Value — Online Casino Bonuses or Sports Betting Free Bets?

Asia is slowly becoming a betting hub, especially after gambling took the online route, where there are no stricter rules and regulations. When you choose to wager online, you don’t have to go anywhere to wager, as you can do it from the comfort of your home, office, or any other place. To wager online, all you need is a computing device, such as a computer, laptop, tablet, or smartphone. Next, you need to create an account on the wagering site. Once your account is created, you can start wagering instantly.

To help bettors save on their initial bets and increase their profits, betting sites have offers like deposit bonuses and free bets. Both bonuses and free bets help you save money when you start wagering, and we are going to do a comparison of online casino bonuses and free bets.

As a casino gambler, you have faced the question, “Are deposit bonuses really better than free bets?” You are not the only one because both new and experienced gamblers have faced this question once in their life. For the unversed, both deposit bonuses and free bets offer promise value – a chance to wager or gamble without spending your own money.

Both work differently, as free bets don’t pay you the wager amount when you win, while a deposit bonus can’t be redeemed in full when you wager. Before going further, we will discuss both deposit bonuses and free bets in detail. Keep reading.

What is a Deposit Bonus?

A deposit bonus is a special type of bonus that is rewarded to a betting user when they deposit a particular amount to their betting account on a betting site. For example, if a betting site offers a 100 percent deposit bonus up to MYR 20.000 when choosing online gambling in Malaysia on their site, it means that when you deposit MYR 20,000, you will get MYR 40,000 in your betting account.

However, if you deposit more than this amount, you will still get this amount, as it is the maximum amount that the betting site is offering. The benefit of depositing this amount is that you can now place twice the number of bets than you thought. Let’s now shed light on free bets.

What is a Free Bet?

The term free in free bet may have already given an idea that a free bet comes free of cost, but to get free bets, you have to spend a certain amount on a betting site. When you cross that certain spending amount, you are allotted free bets in your account. It means free bets are not actually free because to earn those, you have to spend first.

As a bettor, you may have a question in your mind about which one of the two is better. We will shed light on it. Keep reading.

Which Offers Better Value? Deposit Bonus or Free Bets

When you go for deposit bonus offers, such as a 100 percent deposit bonus on a minimum deposit of MYR 5,000 up to MYR 20,000, the maximum deposit bonus limit is MYR 20,000. With this deposit bonus, the betting site may have set some conditions, and before finalizing the betting site for wagering or casino gambling, you should read their terms and conditions. It is because betting sites have conditions like you can’t use the entire deposit bonus amount at once, as the bonus gets credited to your betting account as you bet, or you can use only 50 percent of the deposit bonus amount on each of your bets.

However, this is not the case with free bets, which are available only in sports wagering while deposit bonus offers are available in both online casinos and sports wagering. The best part of free bets is that you can wager without using your own funds; however, if your bet ends on the winning side, you will receive only the profit, not the stake. Free bets are developed mainly to help experienced and novice bettors test their strategies on their favorite sports.

Can You Withdraw the Deposit Bonus Amount?

If you think that you can withdraw the deposit bonus amount when it gets credited to your account, then you have to drop this. It is because deposit bonuses are non-transferable and come with wagering requirements, like you will have to play through your bonus amount several times, and most of those bets have to be winning bets. Keep in mind that you can withdraw only the winning amount, not the stake amount.

We hope the information provided in this post has cleared all your doubts and concerns regarding deposit bonuses and free bets. Here, we have explained them in detail so that you can compare and choose one according to your requirements. Share your thoughts and feedback in the comments.