Almost all betting websites, if not all, offer some kind of bonuses that allow the punters to boost their bankroll. Some websites offer a sign-up bonus that can double (sometimes more) the players’ first deposit amount. There are also some with a sportsbook section that offers free credit bonuses. These are types of bonuses that can be claimed without spending any amount on the website. Now, if you are a member of a sportsbook loyalty program, the bonuses you can claim are higher than regular players.
Bigger bonuses really sound enticing. This allows you to stay in the game much longer, thus giving you more chances of having a profitable. But how profitable joining the VIP program anyway? Does it really worth it?
Understanding the loyalty program
Sportsbooks like BetMGM Sportsbook Ontario have several ways of attracting new punters and keep them interested. One of their schemes is the loyalty or the VIP program. Not all gambling establishments, though, have this on offer. It is more common on online casinos and sportsbooks than in brick and mortar casinos.
The terms and conditions of the VIP program vary depending on the website. But typically, if you are part of this program or the so-called VIP, you will get points every time you make a deposit or place a wager. The accumulated points you earned can be exchanged for free stuff or maybe a bonus.
Most of the sportsbooks online are using an “invitation-only” scheme. This means that players who can become a VIP are the ones with an invitation from the operators. On some platforms, players need to send applications. The sportsbook operator then will have to verify your account. If you spend a lot of time and money on them, there’s a good chance that the application gets approved.
However, there are also international sportsbook websites that allow all its members to join in the loyalty program. As soon as the new player create account to the casino, they are given the Copper Loyalty Level status and enjoy some of its perks. By playing continuously, the player can increase their VIP status, thus earn more rewards.
So what can you get in the VIP program?
As mentioned, the most common perks you can earn for being a VIP is the bonus. The higher your status means the bigger amount of bonuses. VIP bettors can earn a bigger amount of rebates. In some casinos, rebates can go as high as 12% of the accumulated deposits for the whole week or for a month. VIP members can also receive exclusive bonuses such as online casino free credit, free spins for slot games, and a birthday bonus.
Some websites also offer luxury items once a year to all VIP members. This can be free travel tickets, gadgets, cars, and so much more.
VIP members can also receive invitations for special tournaments. They can play casino games and even live events jaw-dropping prizes.
If you are a VIP member, you will also receive an exclusive support team that will assist you in all your concerns. Your inquiries and problems you encountered can be solved instantly. They also allow you to deposit and withdraw your funds faster.
Now, the dark side of the VIP program
While there are several perks you can get in the sportsbook VIP program, there are also some disadvantages. One of them is that you need a lot of money to be part of it. In case you don’t know, there is a deposit requirement in many sportsbooks online. You need to able to reach this requirement every month in order for you to maintain or increase your status.
Since you need to deposit and play regularly to maintain your status this can cause addiction. Instead of earning a profit, constantly spending may harm your finances.
Is it worth it?
Acquiring VIP status at sportsbook has both advantages and disadvantages. While it is true that you can get a lot of perks in this program, you will also need to spend more money and time to maintain your badge.
Now, the answer if it’s worth it or not to join the VIP program will depend on the players betting habits. The high rollers that regularly place a bet online will certainly earn a lot in this program. Those players with a smaller bankroll and only bet occasionally, should not aim for the VIP rewards. Maintaining the status can really hurt their pocket.