Introduction to bonus offers - a solid boost for patrons
Whether you are looking to join an online casino, sportsbook, or sweepstakes casino site, you’ll find that bonuses and promotions are used. Generally, sites will hope that they are sizable and intriguing enough to encourage you on-site, and provide a little head start to your journey.
Colorado sports bettors will find that both size and intrigue are covered in the Betsafe deposit bonus. Here, we found that your first bet of at least $25 would be covered in some capacity, should you lose.
Is Betsafe available in your state?
The table below will help you see if Betsafe is available in your state so that you can get your hands on your state-exclusive promo code and start taking advantage of their welcome offer today:
How to use the bonus - unlocking the Betsafe deposit bonus
With a little understanding as to why you’ll frequently see bonuses from top betting sites now under your belt, let us waste no time in talking you through the latest Betsafe sign-up bonus.
So, as with all new customer offers, you’ll find that you need to be completely new to the Betsafe site to redeem this one. You’ll also need to be over the age of 21 years of age and be located in the state of Colorado.
With all of the above boxes ticked, you can work your way through the registration process, opt in to the bonus, make a qualifying deposit, and place your first bet. In short, should your first Betsafe wager let you down, you’ll be reimbursed with bonus bets to use across the site.
As things stand, the Betsafe deposit bonus is capped at $500. However, the returned Betsafe bonus bets aren’t returned in their entirety. Instead, you’ll find that a losing bet of a specific value will fall into a set category.
- If you lose between $25 and $49, you’ll receive a $25 bonus bet
- If you lose between $50 and $99, you’ll receive a $50 bonus bet
- If you lose between $100 and $199, you’ll receive a $100 bonus bet
- If you lose between $200 and $299, you’ll receive a $200 bonus bet
- If you lose between $300 and $399, you’ll receive a $300 bonus bet
- If you lose between $400 and $499, you’ll receive a $400 bonus bet
- If you lose over $500, you’ll receive a $500 bonus bet
Of course, should your first bet prove successful, you’ll leave with your winnings only.
Top 5 expert tips to take advantage of the offer - get the most out of the Betsafe sign-up bonus
In this next section, we put our heads together and have come up with some top tips to help you get the most out of the Betsafe sign-up bonus.
Check no additional household members have registered
Although we appreciate you won’t want to give too much away about the bonus, we would still suggest checking that no family members have beat you to it. If they share the same IP address or postal address, you’ll be unable to redeem the new customer offer.
Stay closer to the bonus bet value
You’ll notice that the bonus bet returned is not 100% of your stake. So, we suggest looking at placing a stake nearer the bonus value to receive better bang for your buck. For example, rather than depositing and staking $99 and receiving a $50 bonus bet, why not deposit and stake $50 and receive the same bonus bet?
Understand the requirements
Should your bonus bet lose, you’ll have a strict amount of time to play through the requirements. If you fail to complete, your bonus bets will be deemed void and removed from your account.
Check out the live markets
We often find live markets and in-play bets do not contribute towards the bonus requirements. However, this is not the case at Betsafe. With this in mind, why not see if you can find some updated odds on live markets to play through the requirements of your bonus bets?
While this should be a constant that stays with you throughout your betting journey, it’s important that it is mentioned with this specific bonus, too. The appeal of having a “second chance” can inspire players to bet more than they usually would. However, it is worth remembering that there are no guarantees and that the returned bonus bets are non-withdrawable.
Frequently asked questions about the bonus - get to know the Betsafe sign-up offer
By now, we hope that we’ve covered all of the important stuff and managed to provide you with some seriously helpful tips. Next, let us answer any outstanding questions before you decide whether this is the right bonus for you.
1. Do I need to enter a Betsafe sportsbook bonus code?
No. As things stand, you will not be required to enter a Betsafe promo code to release the bonus. However, you will be required to opt in to the bonus, confirm that you are over the age of 21, reside in Colorado, and make a qualifying deposit.
2. When will the Betsafe deposit bonus expire?
Your Betsafe bonus will expire thirty days after your bonus bet has been added to your account. Usually, this is within 24 hours of your first losing stake resulting.
3. What is the minimum bet to release the bonus?
As we have already discussed, the upper limit of the bonus is capped at $500, requiring a deposit of $500+ to redeem. For those looking to trigger the bonus, you’ll need to make a minimum deposit of $25. Any bonus or stake placed that is smaller than this value will not contribute towards the Betsafe deposit bonus.
4. What are the wagering requirements of the Betsafe deposit bonus?
You’ll be required to play through your bonus bets once before they are eligible for withdrawal.
5. Can my family members unlock the bonus, too?
Unfortunately not. When making our way through the Betsafe sign-up bonus terms and conditions, we found that it explicitly states this promotion is limited to one person, per household or IP address.
Additional rewards & loyalty programs - Ongoing Betsafe promos and perks
You only need to check out our latest DraftKings bonus review to see that the ongoing rewards provided by an online operator can really help to separate them from the competition. Based on our recent venture through the Betsafe promotions tab, we can see that Betsafe is on the right track and we are excited about what comes next.
As a relative newcomer to the CO market, it comes as no surprise to see that Betsafe is yet to launch its official rewards program or any specific bonuses. While there may not be the greatest range just yet, we did find some fantastic odds boosts across a range of popular US sports and markets – watch this space.
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