Types of Bonuses and Free Bets
A free bet is something that a bookmaker will offer you as a new customer. The thinking behind it is that the free bet will encourage you to open an account with the bookie and then continue using their service thereafter.
You generally need to deposit money into your bookmaker account in order to qualify for a free bet. For example, bet365 offer a 100% deposit bonus when you open an account. This means that a deposit of £20 will see bet365 match the amount with a £20 free bet balance.
However, you need to bet through your initial deposit and free bet three times before you can withdraw any winnings so bear this in mind! The bookies generally set some kind of requirement before you can make a withdrawal.
Yes, these are getting popular with new customers and there is generally no wagering requirement here.
Bookies such as betfair, Paddy Power and Coral are serving up price boosts on a regular basis. It means that they will offer new customers much better odds about a team winning than existing customers can get.
For example, Liverpool might be 2/5 to beat Newcastle United although Paddy Power are offering new players 7/2 about the Reds which is a significant price jump and one which can get new customers off to a flying start.
A risk-free bet means you don’t have to stake your own cash although the rewards aren’t as great. You should check the terms and conditions with a risk-free bet to understand whether you can withdraw winnings or if there are turnover requirements.
We generally advise customers to enjoy deposit match bonuses as the free bets are a lot more generous. However, you may be required to bet at minimum odds of 1.50 or 2.00 with your qualifying bet before the free bet becomes available.
As you might infer, these are promotions which are available on mobile devices only. So make sure you take advantage by using a mobile phone or tablet.
Every bookie under the sun has a free bet available when you register so make sure you enjoy some free cash on the latest tennis Grand Slam event, with several bookies offering In-Play betting.
Yes, there are sometimes offers available where you can simply register an account and a free bet is available without you having to risk your own money. Naturally, these promotions aren’t as generous as free bet offers where you deposit cash and it’s important to read the terms and conditions every time!
Once you have enjoyed a free bet or a price boost as a new betting customer, you can then enjoy money back specials. These are generally created around the biggest sporting events of the week, such as a Champions League football match.
A money back special might typically be along the lines of “place a bet on the Manchester derby and you will get money back if Wayne Rooney scores the last goal”.
It is worth shopping around for the best money back offers as you will make lots of money back from losing bets if you find a bookie with these type of promotions.
These are generally pitched at new betting customers and is basically a great way of taking advantage of a bookmaker’s generosity. They want you to open an account with them and sometimes are prepared to offer a very good price to reel you in.
So for example, Manchester United might normally be 6/4 to win the derby but a bookmaker could be offering 6/1 instead. There is usually a maximum stake you can have at this price such as £10 or £20.