Bonus Bets
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About Bonus Bets
A bonus bet is a complimentary sum of money offered as an incentive by bookmakers to get people to join, deposit and bet with them.
Bonus Bet Eligibility
Due to current legislation in some Australian states bookmakers are prohibited to offer bonus bets to its residents as signup inducements. However once you have an account with a bookmaker you may be eligible to participate in some future promotions and bonus bet offers. To make certain that your eligible to participate in free bet promotions it is important to read all the terms and conditions on each individual bookmakers sites.
Free Bet Sign Up Offers
The most common bonus bet signup offers from bookies is the first deposit bonus, first bet matched or cash back bonus.
First Deposit Bonus – You must make a deposit to your new Account. Your first deposit to your new account will be matched with a free bonus bet equal to the value of your first deposit, or to the maximum amount specified, whichever is lower.
First Bet Matched – Join and make a deposit to your account and place a bet up to the matched amount, you’ll then be credited with a bonus bet equal to your first bet.
Cash Back Bonus – Join and make a deposit to your account, place a bet on an available market and if that bet loses you’ll receive a bonus bet equal to your stake.
General Bonus Bet Advice
Every bookmaker has different bonus bet terms and conditions, to make the most of your bonus bet it’s important to read all the terms and conditions for each individual bookmaker before you decide to join and deposit and take advantage of bonus bets. Below is a list of things to look out for in the terms and conditions regarding bonus bets:
- Minimum deposit amount.
- Bonus bet expiry dates.
- Turnover requirements on winnings.
- States which are excluded to participate.
- How long you’ve got to turn over your winnings.
- Restrictions on specific events.
- Minimum odds
If you like being offered bonus bets and promotions on a regular basis then it’s worth joining all the available bookmakers. It’s not uncommon to be offered regular bonus bets as an incentive to get you to deposit and bet, so by becoming a member of all the bookies it simply increases your chances of getting regular bonus bet offers. However if you win frequently your probably going to be less likely to be offered any bonus bets or loyalty bonuses.
Another advantage of having an account with each bookmaker is being able to shop around for the best odds.
