1. Which Types of Bonus Bets Does Betly Offer?
Betly offers a range of bonus bet promotions, each with its own specific terms and conditions. Here are some common examples:
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Bet X Get X: This promotion rewards you with bonus bets after placing a qualifying wager. For example, “Bet $25, Get $50 in bonus bets” means placing a $25 bet earns you $50 in bonus bets.
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Deposit Bonus / Deposit Match: This offer provides bonus bets based on your deposit amount. For instance, “100% Match on Your First Deposit Up to $150 (Bonus Paid in bonus bets)” means your deposit is matched with bonus bets up to $150.
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No Deposit Bonus: A less common but enticing offer that provides bonus bets without requiring an initial deposit. For example, “Claim $20 in bonus bets Just for Signing Up.”
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No-sweat bet: This allows you to place a real money bet, and if it loses, you receive a refund in bonus bets. An example could be “First Bet Risk-Free Up to $200,” where your initial losing bet is refunded as bonus bets.
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Site Credit: Similar to bonus bets, but if your wager wins, you keep the stake. For example, “Complete a Task to Earn $15 in Site Credit.”
For the latest promotions and detailed terms, visit Betly’s website or contact their customer support.
2. Does Betly Offer Bonus Bets for New Users?
Yes, Betly Sportsbook offers bonus bets for new users, commonly known as welcome bonuses or signup bonuses. These promotions are typically the most generous, designed to attract new customers. You can find the latest and best Betly Sportsbook promotions for new users directly on the homepage or promotions section of their site.
3. Does Betly Offer Bonus Bets for Existing Users?
Yes, Betly also provides bonus bets for existing users, though these tend to be less generous than the initial welcome bonuses. These ongoing or reload promotions often include offers like profit boosts, enhanced odds, and bonus bets to keep users engaged.
If you’ve already used all of your welcome bonuses, check out how you can maximize the profits you make from reload offers here.
4. How Can I Claim Betly Bonus Bets?
Claiming Betly bonus bets is generally a straightforward process. Here’s a step-by-step guide to help you:
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Create an Account: Sign up for a Betly account if you don't already have one. You'll need to provide your personal details and verify your identity as required.
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Check Promotions: Visit Betly’s promotions page or app to find the current bonus bet offers. Review the terms and conditions for each promotion to ensure you meet all requirements.
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Opt-In or Enter Promo Code: Some promotions may require you to opt-in or enter a promo code. Follow the instructions provided to make sure you’re eligible for the bonus bet.
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Make a Qualifying Deposit or Bet: Depending on the promotion, you may need to make a deposit or place a qualifying bet. For instance, if it’s a “Bet X Get X” offer, place the specified bet amount.
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Receive bonus bets: After completing the necessary steps, the bonus bets should be credited to your account. This may happen immediately or after a short period, depending on the promotion.
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Use Your bonus bets: Go to the betting section of the Betly app or website to place your bets using the bonus bet funds. Be aware of any restrictions or minimum odds requirements.
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Meet Wagering Requirements: Some promotions come with wagering requirements or conditions that must be fulfilled before you can withdraw any winnings from the bonus bets. Make sure to check and meet these requirements.
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Contact Support if Needed: If you encounter any issues or the bonus bets don’t appear in your account, reach out to Betly’s customer support for assistance.
For the most accurate details on promotions and how to claim bonus bets, always refer to Betly’s website or app.
5. What Was Betly's Most Generous Bonus Bet Ever?
Betly's most generous bonus bet offer was their “$1,000 No-sweat bet.” This promotion allowed new users to place a bet up to $1,000 with their own money, and if the bet lost, they would receive a full refund in the form of bonus bets up to $1,000.
This substantial offer provided a significant safety net for new customers, making it one of the most attractive promotions in Betly's history.
The generous refund ensured that users could explore various betting options without the risk of losing their initial stake. For the most current and detailed information on promotions, always check Betly's website or app for the latest offers.
6. What Sports & Leagues Can I Claim Betly Bonus Bets on?
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NFL: “Bet $25 on Any NFL Game and Get $50 in bonus bets” to enhance your betting experience during the football season.
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NBA: Look for promotions like “Place a $20 Bet on NBA Games and Receive $30 in bonus bets” to boost your basketball betting.
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MLB: An example could be “Bet $30 on MLB and Get $15 in bonus bets” to enjoy betting on baseball games.
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NHL: Offers such as “Bet $25 on NHL Games and Receive $20 in bonus bets” cater to hockey fans.
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UFC: A typical promo might be “Bet $20 on UFC Events and Get $10 in bonus bets,” perfect for mixed martial arts enthusiasts.
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Soccer: Promotions like “Bet $40 on Soccer Matches and Receive $20 in bonus bets” are common, especially during major tournaments.
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Golf: You might find offers such as “Place a $25 Bet on Golf and Receive $10 in bonus bets” to enjoy betting on golf tournaments.
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Tennis: An example could be “Bet $20 on Tennis Matches and Get $15 in bonus bets” for tennis betting fans.
For the most current promotions and details, always check Betly’s website or app.
7. Do You Need a Promo Code to Claim Betly Bonus Bets?
While some Betly promos require a code to be claimed, most of their promos in fact do not. And can be unlocked by anyone by following a few simple steps.
For sign-up bonuses/welcome bonuses, this will usually require signing up to the sportsbook using the correct link, depositing and making your first bet. Whereas for ongoing offers you may need to opt-in to certain promos and seek out special reload bonuses sent to you via email.
However, these steps can differ depending on the promo type you’re using, so always make sure to read the T&Cs attached to the offer. Or better yet, learn the simple steps you can follow to convert your offer into guaranteed cash (see section 10).
8. What T&Cs Does Betly Have For Bonus Bets?
Betly’s Terms and Conditions (T&Cs) for bonus bets generally include details such as eligibility, wagering requirements, and usage rules. Key elements typically include:
- Eligibility: Restrictions on who can claim the bonus bet (e.g., new customers only, age requirements).
- Wagering Requirements: Conditions on how many times you need to wager the bonus amount before withdrawing any winnings.
- Minimum Odds: Requirements for the odds of the bets placed with the bonus bet funds.
- Expiration: Time limits for using the bonus bets before they expire.
- Game Restrictions: Specific games or markets where the bonus bets can or cannot be used.
For the most accurate and up-to-date information, refer to Betly’s official Terms and Conditions: Official Betly Terms and Conditions
9. Are There Any Risks With Betly Bonus Bets?
While claiming bonus bets can be a great way to maximize your betting profits, it's crucial to be aware of their potential risks.
Four of the most notable risks attached to bonus bets/bonus bets are:
- No Guaranteed Winnings: Whether it's a $150 bonus bet, a $1,000 No-sweat bet or a 50% deposit bonus, if you place your bonus bet on a losing bet you will still come away with no more cash than when you started.
- Risk of Losing Money: One of the most common ways bettors lose money through promos is through No-sweat bets. Let's say you're gifted a $500 No-sweat bet and you place your $500 on the losing side of a game, you won't be refunded with $500 of withdrawable cash, but instead $500 of site credit (often in the form of a bonus bet). Place this bonus bet on the losing side and you've just lost $500 to the sportsbook.
- Limited Number of Sign-Up Bonuses: While sign-up bonuses can be generous, you can only ever receive one sign-up bonus from each sportsbook (when you first create an account). This means that there's only a set number of sign-up bonuses available to each user. As a result, relying purely on these may not be a sustainable long-term plan.
- Misuse of Promos: Certain promos have more complex rules and often hidden T&Cs. As a result, if you go into them without proper guidance and support you can risk reducing the amount of overall profit you earn, or worse, lose money.
But it isn't all doom and gloom. There is one way you can guarantee profits from bonus bets, risk-free, every time.
Sound too good to be true? Read the next section.
10. How to Guarantee Profit From Betly Bonus Bets
While it's true risks can arise when claiming bonus bets, one clever technique exists that can remove them and guarantee you profits from promos every time.
Promo conversion (A.K.A matched betting), is a fully legal, super simple (with the right platform) method of turning sportsbook promos into guaranteed cash.
Simply put, it involves betting on one side of a game to qualify for a sportsbook promo, then betting on the other side to cover both outcomes and remove the risk. Repeat this process using your new promo and voila! You've locked in a guaranteed profit.
And while this sounds simple on paper, to earn serious monthly profits with this technique you need rapid odds-matching software, an up-to-date promo database and tailored instructions for converting each offer at your disposal.
11. Why Choose ProfitDuel?
At ProfitDuel we have over 10 years' experience in the matched betting industry at the highest level. In that time we've helped 400,000+ members in the US & Europe earn guaranteed profits in the $1,000s each month converting sportsbook promos like bonus bets.
How exactly? By taking the complex-sounding promo conversion process we touched on in the last section, and creating intelligent software, easy-to-follow strategies and expert one-to-one customer support to make it insanely simple.
Not sold yet? Read the 5 simple steps to converting sportsbook promos in our free guide to see just how easy it can be to add $1,000s to your monthly income.
When you've done that and you're ready to start earning guaranteed profits, sign up to ProfitDuel using our limited-time offer: 7 days ProfitDuel Premium for $1.
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