Match Bonus Offers for Tennis Bets
Following the PASPA being struck down in 2018 by the US Supreme Court, many states have changed legislation to legalize online sports betting. States like Michigan, Pennsylvania, New Jersey, Iowa, Indiana, Illinois, and more offer sportsbook apps that players can download and use anywhere within state borders.
The intense competition between sportsbooks to grab new customers means that some offer them enticing welcome bonuses to push their bankrolls further. One of the common types of bonuses is the match bonus offer, in which a sportsbook will reward you with bonus money in relation to your first deposit to give your betting a boost. You can bet these funds on markets, including tennis outrights, tennis parlays, and tennis moneylines.
Of course, nothing is free in this life, and these bonuses are accompanied by terms and conditions with which you should be familiar. Our team at TennisParlayCards.com has put together this guide to help you understand everything you need to know about match bonuses and how you can place them on the best tennis betting markets.
What is a Match Bonus Offer?
A match bonus offer isn’t about particular tennis matches but rather indicates a sportsbook will match your first deposit with a certain percentage. Sometimes this percentage is 100%, and you can essentially double your money. This is not always the case, and make sure you know exactly what the match is before redeeming an offer.
Let us give you an example. Imagine a sportsbook is offering a 50% match bonus up to $100 on your first deposit when you signup. This means you will received 50% of your first deposit in bonus funds, so if you deposit $50, you get $25 in bonus funds. If you deposit $100, you get $50 in bonus funds. You can bet these bonus funds on tennis markets just like your normal funds.
If you deposit above the deposit limit, your rewards will be capped. So in our example, if you deposit $200, you will still only receive $50 in bonus funds to place bets.
Wagering Requirements
Unlike other bonuses you may have heard of, you won’t be able to withdraw your winnings from your bonus funds. Your sportsbook will keep track of which money is yours and which is from bonuses, and you won’t be able to withdraw it until you have completed the offer’s wagering requirements.
A wagering requirement is the number of times you have to stake your bonus funds until you can cash out. Say on our hypothetical offer, the wagering requirement is 15x, and you have $50 in bonus funds. You would have to wager $750 ($50×15) before these winnings become your own. So although the prospect of additional funds to put on tennis bets is tempting, be sure you are aware of what the commitment is.
How to Maximize a Match Bonus
First and foremost, betting is a form of entertainment, and you should never forget your objective is to have fun and not make money. However, everyone likes winning cash, and there are ways you can make the most of your match bonuses to place the best tennis bets. Our experts have put together a couple of tips you should keep in mind when searching for match bonuses.
Shop Around for the Best Match Bonus Available
With online sports betting becoming more widespread, legal US sportsbooks have to offer more and more lucrative bonuses to encourage customers to register. Before you decide on the first sportsbook you see, investigate the different options on offer. Finding the best offer will more tennis parlay betting, and as our site suggests, that’s something we love to do.
Read the Bonus Terms and Conditions
Reading the terms and conditions of a bonus offer may not be the most exciting part of playing with a new sportsbook, but it could be the most important. In the terms and conditions, you can find details about the payment methods accepted with the offer or the wagering requirements. You’re looking for high-value, and low wagering requirement offers. That way, you get the most money to bet on tennis for as little work as possible.
Every sportsbook is different, and so are the offers. If a particular offer has any special requirements to be redeemed, you can find them in the terms and conditions. Maybe you never imagined betting on sports would involve so much reading, but this is the best way to make the most out of match bonuses.
Redeem Match Offers to Bet on Tennis at US Sportsbooks
Since the striking down of the PASPA, there are many states where you can download licensed sportsbooks and start betting. These sportsbooks normally cover all the major tournaments in great detail and smaller competitions for tennis fans. If you are within the borders of an eligible state, then download a sportsbook app to your phone and claim match bonuses to boost your tennis betting.