Bonus offers: a comprehensive guide to betting bonuses in the Philippines

What is a sportsbook bonus in the Philippines?

A sportsbook bonus is an incentive that the online bookmaker offers to new players and regular customers to keep their game at a high level of engagement.

There are 5 main types of sportsbook bonuses that Filipino users can get if they choose the right bookmaker:

• Reload bonus
• Welcome bonus
• Free bet
• No deposit bonus
• and deposit match.

Different bonuses offer different advantages. With us, you can get your hands on the best bonuses available at online bookies in the Philippines and even learn the difference between them.

So, where can you use them? You have to know that at an online sportsbook you will find odds, matches and markets, all of which produce an exciting betting environment for sports fans.

You can use the sportsbook to bet on different sports, including the exciting NBA basketball that people in the Philippines love so much. What’s the best part of all of this? You can place a wager without risking your own money. So your bankroll will stay the same as long as you still have your betting bonus available for use.

How do sportsbook promotions work in the Philippines?

Sportsbook promotions work in the Philippines pretty much as they do in the rest of the world.

That is, a user can claim a promotion as soon as it’s available. Some promotions are for new players, while others are for regular customers who are already subscribed to the platform. We’ll talk later about how to claim a sportsbook bonus.

Generally speaking, a sportsbook promotion works by giving the user an incentive, be it a virtual credit or free bets, to place wagers without taking into account the economic side of the bankroll management.

Those bonuses are great for testing new odds markets, taking the chance with a risky but high-rewarding bet, and checking if your betting strategy is effective or if it needs some kind of updating.

Of course, those promotions are not accessible to everyone. First of all, you have to be located in the Philippines. Second, there are multiple factors involved in the choice that you need to know. We’ll discuss those in the paragraphs below, so keep reading if you want to familiarize yourself with the topic.

Age and ID Verification

In order to claim the sportsbook betting bonuses, you must first complete the age and identification verification process by uploading a copy of your government-issued ID. This implies that you need to be old enough to legally register an account and bet in an online bookie.

This step is required due to the risky nature that comes with betting and gambling-like services: your bet may result in a financial loss if your prediction doesn’t go as you thought.

Account depositing and withdrawals

Remember: unless you find a no deposit bonus, you are required to fund your account with a sum in order to access the promotion. The minimum sum is usually around 500₱ only, but you can deposit more according to your availability and strategy.

It is very easy to deposit money in your sportsbook account. Most bookmakers offer a range of payment methods, including credit cards, e-wallets, or bank transfers.

In contrast, withdrawals may take longer, and when you have considerable sums of money, you might be required to supply further identification or perform some other form of validation.

Before you deposit, check the deposit and withdrawal policies of each bookmaker to be sure you won’t be taken by surprise.

Bonus bets and bet credits expiry

Bet credits, free bets, or things like this often have an expiry date. Those do not last forever and you should know it, otherwise, you may log in one day and see your bet credits have disappeared for apparently no reason.

This means you have to use them within a certain period of time, or they are forfeited. You can find yourself prepared by always checking the terms and conditions of a bonus and betting accordingly. Planning will make the difference: you can get the most out of your bet credits before they naturally expire. 

Rollover requirements

Here comes something mind-blowing: did you know that you might be able to convert the bet credits into real money and withdraw them? It’s possible if you’re able to keep up with the rollover requirements.

These are a set number of times that you need to bet the amount of your bonus before withdrawing it as cash. If you withdraw even a part of your deposited money, you will lose your rollover progress (but of course, your real money bankroll will be the same). 

The bonus credit must be played a certain number of times before you can convert it into real money. For example, if you have a $100 bonus and a 5x rollover requirement then it means that you must bet no less than $500 to be able to turn it into real credit. 

Minimum deposits and odds

The vast majority of betting bonuses require some form of down payment. That amount varies between bookmakers but is usually around 500₱ or so. Always check the minimum deposit amount required to make sure you qualify for the bonus.

Besides, some betting bonuses carry a ‘minimum odds’ condition. Sadly, you can’t just place a safe bet on an obvious result and satisfy the rollover requirements: you need to comply with certain criteria, of which the most important one is a bet of a minimum of 1.50 odds payout. 

Again, you can learn all you need to know about a particular sportsbook bonus by reading the Terms and Conditions on the website itself.

Types of bonuses available for Filipino players

For betting fans located in the Philippines, there are various types of betting bonuses available at online sportsbooks. It is good to know these different types to find out the best one for your needs and preferences.

Sign-up offers / Welcome bonuses

Sign-up offers or welcome bonuses are offered to new customers when they register a new account with an online bookmaker. These are used to kickstart the new betting experience with a boost, usually providing the user with a credit or some free bets.

Reload bonuses

Reload bonuses work especially on existing customers, offering them an incentive if they deposit more funds. These special offers, akin to sign-up bonuses, can make it an engaging pastime for regular bettors. Longtime users receive incentives to remain loyal clientele over time.

Free bets 

Free bets constitute a premier variety of promotional gambling credits. It’s no surprise that users eagerly look for this type of bonus, as it’s one of the best.

For newcomers and existing players alike, the opportunity to have a bet without having to deposit any money is a huge incentive, and excitement is likely to intensify with each bet placed.

Odds boosts

Odds boosts increase the payout potential of a bet by offering better than normal odds; these promotions are now available on particular basketball odds or markets and are still a massive bargain for frequent bettors.

A similar bonus is the profit boost, which inflates your potential winning return by a percentage, usually 20%. So if you win a bet of 500₱, then you can receive 100₱ more as part of this deal. The difference is that a profit boost doesn’t apply directly by increasing the odds but to the final payout. In practice, the difference is very subtle.

Risk-free bets

Risk-free bets let you place a wager knowing that if it loses then you’ll get your stake back. Sometimes, those are called “cashback promotions” as they give you back the total or part of your wager.

These special deals are particularly enticing to individuals who are quite new to sportsbooks and want to test the waters without having to risk their own money.

Loyalty and VIP Bonus

Loyalty and VIP bonuses reward frequent players with exclusive special offers like regular free bets, increased odds, or cashback.

These programs frequently have different levels according to the online bookmaker you choose: the higher you go up in rank, the more privileges become available to you as a member.

No deposit bonuses

No deposit bonuses and free bet no deposit bonuses are given without you needing to put down any money. These types of bonuses are smaller in size than regular bonus points but allow you to safely bet at a different sportsbook without risking anything from engaging with the new location.

What is a promo code?

If you have a Bookmaker promo code, then you have to enter it when you sign up for a new account to receive specific sign-up offers and promotions. This also applies to already existing accounts that are after regular promotions. 

When registering or making a deposit, promo codes will be requested in the space provided, which is usually a box where you can write the numbers or the words. 

Promo codes can unlock all kinds of offers, from free bets and matches on your deposits to weekly bonuses and even welcome bonuses.

Best sportsbook promos for existing Filipino users

Existing users may take part in a variety of promotions like all the ones we mentioned above. Just remember to insert the promo code (if needed) to be able to claim the incentive. 

Best sportsbook promos for new Filipino users

In order to attract new users and enhance their betting experience, sportsbooks bring out promotions such as the one we discussed up to this point.

How to claim your sportsbook bonus | Step-by-step process

You should be able to claim your sportsbook bonus easily, just follow our steps and you’ll be set in a few minutes. Here is a step-by-step guide to assist:

1. Register an account: click on a bookmaker that you like and start the signup process.
2. Complete verification: provide the required ID documents to verify that you are of legal age and that your identification matches the details recorded.
3. Make a qualifying deposit: this is optional, but if you want to get the welcome bonus then we recommend that you transfer the minimum deposit needed in order to apply for the bonus. In most cases is around 500₱.
4. Enter promo code: if applicable, enter the promo code during the registration or deposit procedure. Failure to do so may result in the bonus not being accredited until you use the promo code.
5. Place qualifying bets: place bets that are above the minimum odds (usually 1.50) or that meet other conditions for qualification.
6. Enjoy the bonus: just check if your bet is winning and see how you can keep getting the most out of your credits.

Terms and Conditions by Filipino sportsbooks

It is very important to carefully read the terms and conditions of any online betting bonus, for they give not only the requirements you need to meet but also any limits on what you can do with your bonus offer. 

In order to withdraw the bonus and all funds associated with it, players must first play these through a set number of times. There’s more than one thing like this in there!

You may have to make an initial deposit of a certain amount. This would be specified in the terms and conditions. 

There may also be restrictions on which markets you can bet on.

Last of all, rules dictate when betting bonuses expire; after all, no one wants to lose them because they are out-of-date. It is also necessary to understand very clearly what maximum bet size is acceptable when playing with bonus cash. Neglecting this can make you lose your valuable bonus altogether!

If you pay close attention to the terms and conditions, you can ensure that you fulfill all requirements and enjoy your bonus to the fullest.