The betting industry has been growing for years now. Due to this, it has become very competitive with new betting companies popping up every year. To stands up from the competition, operators have to go the extra mile by offering generous bonus promotions to both new and existing customers. This is great as players can jump from one brand to another, taking advantage of the different offers available. In this article, we will take a look at what are the most common betting offers and how you can take advantage of it. We will do this with the help of the specialists at betting offers comparison site BettingOffers.cash.
Types of Bookmaker Bonus Bets
There are lots of different free bets and bonuses out there. Below we will go through the most popular ones.
Matching Your Stake
This is possibly the most common form of all betting sites bonuses. Basically, you would have to open a betting account and place a wager. The bookmaker will then match that amount giving you double the stake of your original bet. For instance, if you bet £25, the bookmaker will match that with a bonus of £25. Your new bankroll would, therefore, be £50.
The usual restrictions of this type of free bet are both the maximum and the minimum amount that you are allowed to bet. The minimum stake is generally in the range of £5, while the maximum is £25. You would also find that there are minimum odds requirements of at least 1.50 up to 2.00.
Free Bet Series
This is very similar to the offer we have just seen, but the main difference is that your free bets are separated into several individual bets instead of being given as a lump sum. For instance, you could get an offer saying Bet £50 get five £10 free bets.
This type of offer might also have some time restrictions with free bets that expire within 7 or 14 days. The reason why bookmakers are placing those restrictions is that they hope to encourage customers to continue to visit their site after the offer.
Initial Deposit Bonus
This is a lot less common recently, although there are betting sites that are still offering this type of offer. Basically, you are offered a bonus on top of your initial deposit when signing up to a betting site. Usually, it is a percentage of the initial deposit up to a maximum amount. For instance, if you deposit £200, you might get 50% of it as a bonus. Usually, this bonus will have a condition such as a minimum number of bets that have to be placed before you will be allowed to withdraw the bonus amount and the winnings that you might have generated.
Winning First Bet Bonus
In this case, you will get a bonus if your first bet is a winning one. Bookmakers are usually rewarding you with a bigger bonus if your bet was on longer odds.
Are there conditions and restrictions on Free Bets?
This largely depends on what bookmaker you are using. Some betting sites will offer generous free bets, but they will have several restrictions attached to it. Others will provide smaller free bets with just a few restrictions.
What sort of restrictions apply?
The most popular free bet restriction is the minimum odds required. This does change from bookmaker to bookmaker with the minimum odds range that goes from 1.20 to 2.00. If you place a bet on lower odds, that won’t qualify you for the free bet, and you might lose the opportunity.
There could be other restrictions like for instance the sport of league market in which the qualifying bet has to be placed. Other restrictions could be on the minimum deposit required and the expiry date for the use of the free bet offer. Another common limitation is the number of times you have to bet any free bet profits before you would be allowed to withdraw any winnings.
It is therefore essential that, regardless of the free bet offer you are taking advantage, you always read the terms and conditions. Once you have understood what the limitations are you can decide if proceeding with the offer or not.
How To Make The Most Of Your Bookmaker Bonus
As we have seen when you sign up to a new bookmaker, you will generally get a bonus of some sort with some conditions attached. But how can you take advantage of it?
Unfortunately, as we have seen, the majority of bookmakers will only let you withdraw your bonus after you have met the rollover requirements. So the question is: can we create a sure bet and turn our bookmaker bonus into guaranteed money? Yes you can and big newspapers like The Guardian have also been written about it.
How To Convert Your Bonus Into Cash
Once you have opened a new account with a betting site of your choice, you should make the first deposit or bet and get the bonus. Now you would have to do the following steps.
Step 1: Open an account with a betting exchange
A betting exchange will allow you to act in the role of the bookmaker. You can place the bets yourself, and you can also lay bets. The betting exchange is making money by charging a small commission on winning bets.
Step 2. Place a bet with your bookmaker
Now you should place a bet with a bookmaker.
Step 3: Make the exact opposite bet with your betting exchange
Now you need to place the opposite bet on the betting exchange. For instance, if you bet on Man Utd to win against Watford on the bookmaker, you would have to bet on Man Utd NOT to win (lay Man Utd) in the betting exchange. You also need to pay attention that odds between the betting exchange and the bookmaker are within 10%.
Step 4: One bet will win and one bet will lose and the final outcome should be more or less £0. You have, however, unlocked the free bet! Now you should just repeat it again for the free bet so that it will become cashable money! In this way, you have taken advantage of the bookmaker offer without risking anything.