Deposit match bonus in Mississippi
For all the online sports bettors, a deposit match bonus in Mississippi is a great opportunity for players, especially new ones, to check out a sportsbook or to get adequate experience in online betting.
On this page, we provide a complete guide and analysis, so you can become familiar with the deposit match bonuses and how to utilize them appropriately.
Deposit match bonus explained
A deposit match bonus is simply the amount of money given as a bonus by the sportsbook when a person makes his/her first deposit. As a matter of fact, this bonus matches the amount of money deposited by the player. This is a great strategy that sportsbooks use in order to attract new customers and motivate them to play.
Moreover, it is also sometimes known as the sportsbook first deposit bonus. It is because you get the bonus when you make a new account and deposit some money. With a lot of sportsbooks available, each has its own criteria or minimum deposit limit to get the bonus. Apparently, these bonuses come with some terms and conditions, and players need to be aware of them.
Wagering requirements
When you claim a deposit match bonus on a new Mississippi sportsbook, oftentimes there’s a 15x or even up to 40x wagering requirement that’s stipulated on that bonus. Let’s explain this with an example: Let’s say you are getting a deposit match bonus in Mississippi, with a particular betting site. And, they say they will match 100% of whatever you deposit up to $500, and you only deposit $100. So, they match that $100 ad now you have 200 bucks in your account to gamble with.
However, you can’t just withdraw that $200, but you have to wager that amount first. For example, the betting site stipulates 15x i.e., 15 times wagering requirement on that deposit match bonus that you received. So if you multiply that $100 by 15, it is $1500. So, you have to gamble a total of $1500 on this sportsbook before you can withdraw all of your funds.
How to get a matched deposit bonus in Mississippi
Getting a deposit match bonus in MS is not difficult or a complicated process, there are many ways that you can get it. Apparently, you can get the bonus either when signing up, depositing the first time, or a promo code. Whatever the case, these are not hard to find. These bonus offers come towards you themselves because the sportsbooks are promoting such offers to attract new customers.
There are many online betting sites that offer deposit match bonuses in Mississippi. These include BetRivers, FanDuel, BetMGM, DraftKings, and Pointsbet.
For further explanation here are some ways you can find a deposit match bonus in Mississippi.
Pros and cons of a deposit match bonus
Deposit match bonuses are certainly very useful, and highly beneficial for the players. However, they come with certain terms and conditions. Therefore, you need to be aware of many things like; wager requirements, time limits, minimum deposit required, and withdrawal conditions.
Nevertheless, there are fine prospects of deposit match bonuses in Mississippi as well, if these are used appropriately. Following is a brief analysis of the pros and cons of a deposit match bonus.
Pros
Cons
Deposit match bonus vs risk-free bet comparison
Firstly, a deposit match bonus in MS is when you get the exact amount of money that you have deposited, as a bonus but up to a certain limit. It is primarily available to new players. You can use this money to make bets, without risking your own actual money. However, you can only withdraw this bonus if you win and wager a minimum amount of required bets.
Conversely, a risk-free bet is when you can make a wager without the risk of losing your money if you lose bet. However, if you lose the bet, the sportsbook will credit the exact amount of money that you had used for the bet. But, if you win the wager, you also win the money with it and can withdraw it without any additional requirements.
In a deposit match bonus, you are able to bet with the bonus money instead of your own funds. Whereas a risk-free bet is made with your own funds, that bet is insured. Secondly, to get a deposit match bonus, you have to make a deposit and the bonus will be matched with the amount deposited.
On the other hand, you don’t have to make a deposit, you just need a promo code, or get it on sign-up. Moreover, you can also fulfill any requirement of a Mississippi gambling site that will get you a bonus, like placing a specific number of bets. Furthermore, there are many types of risk-free bets as well.
Always take your time when placing a risk-free bet, and also check the terms and conditions for it. This will help you to understand the requirements and use them in a better way.