Types of Welcome Bonuses
In this section, we will talk about the different types of welcome bonuses players can find on various bookmakers - some offer simple deposit bonuses, while others offer free bets. Once in a while, you may also come across a no deposit bonus. However, they are not very common in the online sports betting niche.
Here are the three major types of welcome bonuses you will find on betting sites:
- Deposit Bonuses
- Free Bets
- No Deposit Bonuses
Let’s dive deeper into each of these types of bonuses and then look at some recommendations for each.
Deposit Bonuses
The deposit bonus is, by far, the most common and most popular type of welcome bonus in India. The deposit bonus is loved by players because it increases the player’s bankroll and allows him to place more bets and potentially earn more profits.
A deposit bonus is unlocked when the player joins a betting site and makes his first deposit. The betting site will then add a bonus which corresponds to the amount that was deposited.
For example, let’s say a betting site offers a 100% deposit bonus. If you deposit 5,000 INR, the betting site will add an additional 100% as a bonus amount, leaving you with a total of 10,000 INR to play with.
Here are some of the top deposit bonuses offered by Indian betting sites.
Top Deposit Welcome Bonuses in India
Free Bets
Free bets do exactly what the name implies: they allow you to place bets for free. When you place a bet with a free bet, the profits of the free bet are often yours to keep with no wagering requirements, while the initial free bet amount will be kept by the betting site.
Let’s show you an example to make it more understandable. Let’s say Royal Panda gives you a free bet worth 1,000 INR. You decide to place a bet on the IPL - Mumbai Indians to win over Rajasthan Royals at odds of 1.50.
If the bet is successful, it would normally return 1,500 INR to your account. But because the bet was a free bet, it will only return 500 INR because the free bet amount of 1,000 INR will be kept by the betting site.
In any case, you have made a profit of 500 INR without risking any of your own money! That is why so many players love free bet welcome bonuses.
Here are some popular free bet welcome bonuses offered by betting sites in India.
No Deposit Bonuses
A no deposit bonus is a type of bonus that a player can claim without making any prior deposit on a betting site. Players simply need to create an account, and then they are instantly awarded a welcome bonus. This is a no deposit bonus.
No deposit bonuses are quite rare for obvious reasons. Most people abuse them, so they are not very common to find on betting sites.
Currently, we don't have any no deposit bonuses on MyBetting, but If we find a site with one, we will be sure to add those bookmakers here!
How We Compare and Rank Welcome Bonus Betting Sites
In this section, we will be discussing the various factors we consider when we review and rank each of these welcome bonus betting sites. Almost every betting site in India offers a welcome bonus, then how can you choose one that’s right for you?
It’s not simply about picking the one with the biggest bonus - you might want to look at other factors such as minimum deposit, wagering requirements, and more. So let’s look at some of these factors to help you choose the best betting sites with welcome bonuses!
Welcome Bonus Features
- Welcome Bonus Amount
The bonus amount refers to the maximum amount of money you can get from a welcome bonus. The maximum welcome bonus amount is different for each bookmaker.
Generally, higher bonus amounts can seem very attractive. However, keep in mind that they can also be accompanied by complicated wagering requirements that might not be very easy to meet. This is why we generally recommend that only experienced punters opt for large bonuses.
Frequent players usually have no problem meeting the higher wagering requirements for bigger bonus amounts. However, if you’re a beginner looking for a big bonus, do take a close at the wagering requirements.
- Minimum Deposit
The minimum deposit is basically the minimum amount that you need to deposit in order to unlock a bonus.
Each welcome bonus has a different minimum deposit. There are some betting sites with minimum deposits as low as 100 INR and others with minimum deposits of as much as 1,000 INR.
While a lower minimum deposit may seem more beneficial, do keep in mind that the lower your deposit, the lesser bonus amount you receive. While that may be something you want as a new player, not everyone is happy with a small bonus.
- Wagering Requirements
The wagering requirement is the number of times a player must wager, playthrough, or roll over the bonus amount. If a welcome bonus has a wagering requirement of 5x, it means that the bonus amount must be wagered 5 times.
So if you received a bonus of 1,000 INR, you need to wager that bonus amount in bets until you spend 5,000 INR, which is 5 times the bonus amount.
When that is done, the bonus has been wagered and can be withdrawn to your personal account.
Wagering requirements can be high or low, depending on the bookmaker. Generally, high or complicated wagering requirements are not recommended for beginner players.
- Minimum Odds
Minimum odds is a clause which forms part of the wagering requirement of a welcome bonus.
Basically, it means that your wagers must be higher than certain minimum odds; otherwise, the wager will not be considered in the wagering requirements.
For example, if a bonus has minimum odds of 1.40, this means that all wagers with odds of 1.40 or higher will be included in the wagering requirement. So if you place a bet of odds 1.30, that bet will not be considered part of the rollover requirements.
Minimum odds can differ from bookmaker to bookmaker. However, if you’re a player who does not like placing risky bets, then select a welcome bonus betting site with low minimum odds.
- Bonus Validity
The bonus validity is, very simply, the amount of time that a player has to use the bonus and complete the wagering requirements. Generally, when the bonus validity is up, the bonus money will be removed from the player’s betting account.
If the wagering requirements are met before the expiration of the bonus, the money will be transferred from the bonus balance to the player's real money balance and can be withdrawn to his personal bank account.
Needless to say, the bonus validity can be a crucial decision-making factor. If you’re not sure that you can meet the wagering requirements in the given number of days, then look for a bonus with a longer validity period.
Comparison of Top Bonus Betting Sites
Based on some of the welcome bonus ranking factors above, we will now compare our top three signup bonus betting sites to give you an idea of how much bonuses can differ. This kind of comparison can help you select the best welcome bonus for your use.
| Top Welcome Bonuses Compared | Betway | Parimatch | 1xBet |
|---|---|---|---|
| Type of Bonus | Free Bet | Deposit Bonus | Deposit Bonus |
| Welcome Bonus Amount | ₹4,000 | ₹30,000 | ₹26,000 |
| Minimum Deposit | ₹250 | ₹200 | ₹100 |
| Wagering Requirements | None | 16x | 5x |
| Minimum Odds | 2.0 | 1.9 | 1.4 |
| Bonus Validity | 7 days | 7 days | 30 days |
| Promo Code | ❌ | ❌ | ✔️ |
| Get Started | CLAIM BONUS | CLAIM BONUS | CLAIM BONUS |
How to Claim and Use Welcome Bonuses
If you’re new to welcome bonus betting sites, then this guide on how to claim and use welcome bonuses is for you. Here, we will take you through the step-by-step process of finding the right welcome bonus, claiming it, and then using it on your online betting experience.
Let’s look at the steps behind using a welcome bonus!
How to Use Welcome Bonuses - Step By Step
The first step, as we have already talked about before, is finding the right betting site with a welcome bonus. We have shown you the criteria to keep in mind when selecting your bonus so you can easily select which welcome bonus you want to claim and click on any of the links for that bonus on MyBetting.
Once you have clicked on our bonus links, you will be led to the official bookmaker’s website, where you can create a new account and then start using your welcome bonus.
Welcome bonuses, by definition, are for new players. So the next step is to create a new account on the betting site you have chosen.
The registration process is more or less the same across signup bonus betting sites. You will be asked to input personal information such as your full name, contact details, address, email ID, etc. You will also need to set a new username and password for your new betting account.
During registration, some betting sites do ask you to choose from a given list of bonuses, or some sites require you to use a bonus code if you have one. Do remember to fill out all of this information correctly!
Once you have registered your new betting account, you can now make your first deposit on the betting site. Depending on the kind of bonus you chose, you will need to think about how much you want to deposit.
Deposit bonuses are often dependent on the amount of your first deposit. So we recommend that you deposit as much as possible to get as much bonus money as possible. However, do keep the wagering requirements in mind, and don’t deposit more than you can easily roll over.
When it comes to deposit methods, you will likely find all the popular deposit options on all betting sites with welcome bonuses - these include UPI, PhonePe, Google Pay, Skrill, Neteller, and even cryptocurrency.
Now all that’s left is for you to start using your welcome bonus. After your deposit, the bonus would have been added to your account. Now, you can use that bonus amount to place as many bets as you’d like.
Some things to remember when you’re betting with your bonus:
Keep an eye on the bonus validity - remember to meet the wagering requirements within the time to keep your bonus amount and withdraw it.
Pay attention to the minimum odds - don’t waste your bonus on bets that won’t count towards the rollover requirements.
Avoid any cashouts - most bonuses don’t count cashout, void, or cancelled bets against the bonus, so don’t waste your time on these types of bets. You can still cash out when you want, but remember that it won’t be a part of your bonus rollover.
Expert Tips for Welcome Bonuses
In this section, our two resident bonus experts will chime in with their tips for how to best claim and use welcome bonuses. Let’s ask them some questions, shall we?
Tomesh, what are some welcome bonus red flags to avoid?
There are many mistakes that a new punter can make when claiming a welcome bonus, but one of the worst ones is not paying attention to the rollover requirements. Some betting sites, while they offer a huge welcome bonus, also have very steep wagering requirements to serve alongside. These rollover requirements can often be too much for many players to handle. And it seems very unfair that sometimes, in order to get a bonus of only 5,000 INR, someone has to first bet using 50,000 INR. So I would advise people to calculate their required rollover amount even before they claim the bonus.
Another piece of advice I would offer to all players is to look at the small print - there are some terms and conditions that are not as clearly advertised as the wagering requirements. For example, some deposit methods are not eligible for welcome bonuses, like crypto deposits. Make sure that you read these extra terms and conditions to avoid messing up your chance of getting a bonus.
Vaayu, when is the best time to claim and use welcome bonuses?
If you are planning on claiming a nice new welcome bonus, I would recommend that you wait until some big events roll around - especially if the bonus has a high rollover requirement. Let’s say that the IPL is about to start - you are planning on betting on almost every match of the IPL. Then that’s a great time to claim a huge welcome bonus. Since you’re going to be frequently betting on the IPL matches, you’ll meet your wagering requirements in no time!
It doesn’t have to be as big an event as the IPL but don’t claim welcome bonuses if you have nothing that you regularly place bets on. The sports betting experience can be very seasonal, and if it’s a time when you can place no bets, then might as well wait for a time when you can.
Welcome Bonus - Frequently Asked Questions
There are plenty of great welcome bonus betting sites in India, but here's a list of our top welcome bonuses right now:
- Parimatch - 150% up to ₹20,000
- 1xBet - 100% Up To ₹26,000 (Code: MYBVIP)
- 22Bet - 100% up to ₹10,000
- 10Cric - 150% up to ₹32,000 (Free Bet)
- Fun88 - 300% up to ₹10,000
Welcome bonus betting sites are perfectly safe to use and are not illegal. This is because there is no central Indian law that prohibits Indians from using online betting sites from outside the country. This is why players can safely claim the various welcome bonuses offered on our site.
If you're looking for online betting welcome bonuses, you'll find the best selection of such welcome bonuses right here on MyBetting!
Anyone who is eligible to sign up and make a deposit on a betting site can claim a welcome bonus.
So if you’re living in India and over the age of 18, you’re fully capable of claiming your very own welcome bonus.
Betting sites give out welcome bonuses in order to attract new players to join the betting site.
As such, you will find many betting sites competing for your attention by offering the best welcome bonuses.
Click here to see the full list of betting sites with welcome bonuses in India.
