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What is a Refer-A-Friend Bonus?
Refer-A-Friend bonuses are a way to enhance the betting experience for existing customers by earning bonus funds for inviting new players to the sportsbook.
How Refer-a-Friend Bonuses Work
When an existing customer refers a friend, who then signs up and deposits money, both the referrer and the new member receive a reward. This incentive varies by sportsbook but is typically in the form of free bets or bonus credits.
Pros & Cons
Pros
- Bonus Rewards: Both the referrer and the referred get bonuses.
- Easy to Get: Simple claiming process.
- More Engagement: Encourages active betting.
- Community Building: Helps create a user community.
Cons
- Wagering Rules: Specific betting requirements for bonuses.
- Limited Offerings: Not universally available.
- Referral Cap: Maximum number of referrals.
- Abuse Risk: Possible account restrictions due to misuse.
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