October is such a great time for sports in the United States. With the MLB Playoffs in full swing, the NFL division races starting to take some shape, and the excitement of NCAA football, nearly every day provides a chance to make a bet and add a little more flavor to your days and evenings rooting for your favorite teams.
For October 2014 only, BetOnline is offering a 50% bonus for new members. This is double the normal deposit bonus that they normally offer, and is a great way to:
- Add another sportsbook to your list so you can shop for best lines, or
- Get started with a reputable online sportsbook.
The minimum deposit that you must make to get the bonus is $50. In order to get the maximum bonus, you’ll want to make a $2000 deposit and get a $1000 bonus. Most credit cards are accepted. In any event:
- You must use a link in this post to signup at BetOnline, and
- Enter promo code OCT50 when making your initial deposit.
The bonus comes with a 10x playthrough, meaning that you will need to wager 10x your deposit before you can request a payout. For a deposit bonus this big — 50% — this is a reasonable playthrough requirement. There are others terms and conditions, so be sure to read up on them before making your deposit.
Speaking of payouts, BetOnline offers several methods. For players in the United States, they offer:
- Person-to-Person (e.g. Western Union, MoneyGram) for payouts between $50 and $900. However, the fees are very high for this type of payout ($34 – $180). (You may be interested to note that you’ll find these high fees at any online sportsbook for a Person-to-Person payout; that’s because the fees are set by the processor, not the sportsbook.)
- Checks for payouts between $500 and $2500. Checks must be deposited at a bank (not a Check-And-Go or similar store), and carry a very reasonable fee of between $25 – $50 which you determine by how quickly you want the check delivers (slower is cheaper).
- Bank Wires for your really big payouts, up to $15K each. These carry a fee of up to $75 charged by BetOnline, plus your bank fees to accept an international wire transfer (could be free, but is typically around $30).