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On the face of it, many bonuses seem equal, however many can be quite deceptive and you need to figure out the true value of a free bet or bonus to be able to adequately compare two bookies offers.
For example, some bookmakers will return the free bet stake to you along with your winnings, whilst others will not.
The first thing to look at is what type of offer it is. There are generally two kinds of promotion — free bets and betting bonuses.
If the bet wins, the profit is yours. And if you lose, well, you lose. Free bets are usually in the form of a matched bet issued after you have deposited and placed a bet with your own money although a couple of less common types also exist including a no deposit free bet where you get a free bet token just for signing up, no deposit needed and a no lose bet where you only receive a free bet if your qualifying bet loses.
Betting Bonus — A betting bonus is given as promotional credit that is added to your betting account. This usually happens right away and you can bet with both your own money and the free money.
Most bonuses of this kind require you to place a certain volume of bets before you withdraw the bonus or any winnings from it — this is called the wagering requirement and is relative to the amount of the bonus eg: 4x the bonus.
As mentioned above, having the free bet paid out along with your winnings increase the value of the offer. Payment method restrictions apply. Free bet stakes do not contribute towards the customers qualifying bets.
Qualifying bet must be the first bet placed on the account to qualify for the first free bet. Qualifying bets must be placed on sportsbook markets.
Your free bet will be awarded in the currency your account is held in. Cashed out bets will not qualify towards your average stake.
All acquired free bets gained through other promotions will be removed from this offer. Offer available to new customers only.
Each free bet after this will be applied within 1 hour of settlement and qualification criteria based on your average stake.
Bets placed on the same selection multiple times will not qualify for this offer. Free bet cannot be used over the same selections. Free bet stakes will not qualify for this offer.
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There are many ways you can use bonus bets, here are some of the options to make sure bets work in your advantage. Doing this effectively will double your bankroll.
Using bonus funds to hedge a bet is a great way to guarantee your chances of making a profit. For example you might to bet on a team winning a cricket match and then use a free bet to bet on the other team.
Depending on the odds on offer, this can be one of the best ways to utilise bookmaker offers. This is similar to a hedge bet, but it involves placing your bonus bet on an outcome of an event of match with one bookmaker and using a betting exchange such as Betfair to bet against that outcome.
Because one of the bets was placed as a free bet, you are guaranteed a profit regardless of which outcome occurs.
No, many bookmakers have no deposit options where bets are given to customers when they open a new account without having to make a deposit.
The amount you need to deposit to receive your bonus when opening a new bookmaker account will vary.
A bookie will give you extra funds to bet with after your first bet is placed or settled. Sometimes the bonus will be associated with a specific event or match.
If not, use your free bet in any sport, event or horse race of your choosing as long as the odds follow the terms and conditions.
You can normally use bonus funds on any betting market and any bet type. This includes singles, doubles, trebles, accumulator, Lucky 15s and 31s.
Any bookie bonus will be listed in your account as bonus funds. This way you know if the funds used to place the bet come from your main wallet or elsewhere.
Pay particular attention to make sure you are placing your wager using any bonus. Many bookmakers require you to make a number of bets before you withdraw your winnings.
This is also known as the play through requirements. Play through requirements mean you have to place a certain quantity or value of further bets before the bookmaker will pay out any winnings from the bets.
To determine the value of bonus bets according to play through requirement, simply multiply the amount your bonus is worth by the number of times you have to turn it over.
Take special care to read all the terms and conditions as the rules governing play through requirements differ from one bookmaker to another.
Some bookies require you to use a promo code before offering new customers a bonus. Be sure to read the terms and conditions.
There can be restrictions depending on how new customers make their first deposit. Many punters that open a new betting account like to use Skrill, Paypal, Neteller or Paysafe, but bookmakers may only offer a bonus if the deposit is made by credit card or a bank account.
One of the restrictions to look out for when taking advantage of bookmaker offers is geographical restrictions.
This means that an online bookie applies geographical restrictions to their welcome offers depending on where you live.
Check the countries listed by the bookie that apply to the bets or the countries that do not qualify.
Many online bookmakers or online sportsbooks offer different types of welcome bonuses. They can change rapidly so sometimes you will need to act fast to take advantage of the best sign-up offers.
Some of the most popular types of bets, welcome offers, sign-up bonuses, welcome bonuses and loyalty incentives are as follows: Treble Odds Free Bet Bonus - The treble odds bonus means a bookmaker will treble the odds on your first bet and provide the additional winnings as bonus funds.
Enhanced Odds - Enhanced odds refers to a bookmaker increasing or boosting the odds on your bet with the extra profit credited to your account.
Bookmakers make offers available to encourage people to open a new betting account. It is a sign of good will from the bookmaker, in return they hope you will enjoy using their service and become a loyal and long term customer.
Free Bets. You might end up in a situation where you expect to receive a free bet, only for it never to materialise. Here's a quick checklist to help you find out what might have gone wrong:.
Read more. There are many different kinds of betting offers at online betting sites, but free bets are the most common ones, at least in the UK.
You will often get one or several when signing up with an online bookmaker, as a welcome offer. Mainly, because of their simplicity.
A free bet does not have many complex requirements attached to it, which is the case with the other notable welcome offer-version, the matched deposit bonus.
Free bets are also easy to manage for the bookmaker, as they are a one-time thing, whereas the matched deposit bonus and its requirement can be tricky and both produce frustration with players and require a lot of resources from the customer support.
Another type of a common welcome offer is a bonus that matches your first deposit. Those offers often come with some sort of wagering requirement.
Read more about deposit bonuses on our page about betting offers. But you only keep potential winnings. England wins. Another common type of free bets online is the risk free bet.
With this type of promotion, you first have to place a bet with your own money. If you win, you get to keep all of the winnings, as you normally would.
Should you lose, on the other hand, the sum of the stake will be credited to your account. In effect, you are betting risk free. The one thing you need to keep in mind though, is that your refunded stake is usually subject to a wagering requirement.
You need to meet this wagering requirement prior to any withdrawals. Free bets are rarely given without a requirement on your part.
The minimum action on your part is to deposit a certain amount to your betting account, in order to release the free bet. The qualifying bet will always have some sort of requirements attached to it, which is important to be aware of.
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