Each betting bonus that is offered by online bookmakers can become a very lucrative business for both the casual and professional punter. Most are added to offer an incentive to the player to either sign up with a certain site or to remain on that site. Either way, any chance of getting something back from the bookmaker is a chance that shouldn’t be turned down.
We have produced this guide to answer some questions you may have about betting bonuses. What we would suggest straight away is that for each site read their terms and conditions on how their bonuses work. Each site will tend to differ from another so knowing first hand is imperative. Remember, this is just a guide!
There are a host of different betting bonuses but the most common comes in the form of free bets. This is basically where the bookmaker will match your first deposit and first matched bet in the form of a free bet of the equivalent amount. For example, deposit and place a bet of L20 and the bookmaker will give you a free L20 free of charge. Make sure you take note of which bookmakers offer the free bet in any scenario and which offer it only if you’re original bet loses.
The second form of betting offer comes in the form of a deposit bonus. This bonus is often larger than that of the free bet but does require you to place more bets in order to clear it. The more you wager on the site the faster you will clear your bonus with increments being released in direct correlation of much you have wagered.
Well, this totally depends on how much you intend to either bet or the likely longevity of your stay at that particular bookmaker. If you are looking to just place couple of one off bets on your favourite football team or horse race then taking the free bets will be more beneficial. This is because it requires minimal effort to release your free bet and the amount of bets you are looking to place will likely not nearly be enough to clear a big bonus.
If you a dedicated sports bettor and are looking for a new home where you plan to place numerous bets each week on a host of different markets, then the larger bonuses will defiantly be better. Whilst they take a little longer to clear, the bonus will give you a much larger financial payout in the long run.
Betting bonuses are becoming increasingly popular on selected in play betting markets. For example, money back specials are commonly available on a range of football matches each weekend and inflated each way payouts for golf tournaments are also very common. It’s these small bonuses that set one bookmaker apart from another so it’s worth keeping an eye on who provides more of these betting specials on a weekly basis.
It’s highly likely that your free bets won’t be stake returned. By this we mean that if you use your free bet and your bet wins, you won’t get the stake amount of the free bet paid into your account, just the winning profits. There are exceptions to this rule, but they are few and far between.
When it comes to cashing out your winnings most bookmakers will require you to have bet a certain amount before being able to cash out. This is often a percentage of the amount you have deposited. Again you can’t just withdraw your free bet. It will be held in adjacent to your account for you to use for betting purposes only.
Please remember to read all terms and conditions of each sites betting bonus policy before placing any wagers or depositing any money. If you are still unsure then contact a member of customer support and they will give you the exact details for their specific site.