Bookmaker bonuses are nothing unheard of – in 2020, every bookmaker out there is on the hunt to bring new clients into his backyard, using almost any means necessary.
Bonuses are a big part of this hunt, and for good reasons, too. These can often mean the difference between a new player casually moving over a particular bookmaker or developing a fruitful, long relationship with this player.
There are lots of different bonuses, in all shapes, sizes, and options, some of which are better than others, of course. Today, we’ll be looking into the free bets, and other similar betting offers – which all have a positive effect on a customer’s bankroll.
List Of The Best Free Bet Offers
There are two main things which have to be analyzed when looking into bonuses. First and foremost, the quality of the offer has to be taken into consideration. This is pretty straightforward – a 100% match for the initial deposit is a lot better than a 50% match. The second, and more tricky part of this analysis refers to the terms and condition of the bonus.
These are the things you must do to be able to withdraw any of these bonuses, and may include one or more of the following: minimum odds, playing through the sum a number of times, a set number or type of bets, or other such conditions. These two parts had to always be considered together and analyzed as a whole, to be able to accurately judge how good or bad a particular bonus is.
Let’s look at the different kind of bets which can be part of these bonuses:
1. Free bets & betting offers
The first and most common categories of bonuses are free bets and other such offers bookmakers make. To put it very simply, a free bet is a bet which you can’t lose – if the selection ends up being a loser, the bookmaker will give you your money back. More often than not, these free bets are subject to a minimum odd, often 1,50. Bookies can also look into other betting offers, like increased odds or individual incentives to bet on a favorite team or an underdog.
2. Matched betting bonuses
Matched bets are very easy to understand. Mostly, the bookmaker will match the bet you make on a certain game, up to a set limit. You simply have the opportunity to win more money without increasing your risk. More often than not, these offers are used to get people to bet on popular games or derbies, which spark lots of interest in the betting world.
3. Deposit bonuses – No deposit bonuses
Simple cash bonuses are, like their title suggest, are very straightforward. Almost all betting sites have some kind of deposit bonus, both for new customers and existing ones. These usually range from 50% or 100% and almost always have a higher limit, which never exceeds a few hundred pounds. There are a few brokers out there who actually give their clients cash just for opening and account, no deposit required. Those sums are usually tin, 10 or 20 pounds, but the idea is great – when was free money a bad idea?
4. Enhanced odds
Enhanced bets are bets where the bookmaker has decided to raise one or both teams’ odds. These increased odds are usually given for derby matches or games which are in the center of the betting world’s attention. These enhanced bets are usually quite large – it’s not uncommon to see a team’s odds multiplied three or four times.
Terms & Requirements
Of course, all these bonuses and special offers look great on paper but are not free handouts. Each player has to fulfill certain rules and requirements for each bonus category. These terms and requirements can be split into multiple categories, which we will analyze below:
1. Minimum odds
The most common requirement most of these bonuses have is the minimum odds one. For example, if a bookmaker gives you a free bet of up to 30 pounds, he usually conditions this free bet by a certain minimum odd for a selection. Usually, this number is between 1,30 and 1,50 – to avoid people profiting and picking very likely bets. This condition is also frequently applied to welcome bonuses, sometimes together with a rollover. For example, to withdraw a 100% welcome bonus, you must rollover it twice with some brokers, while also betting only on odds over 1,30.
2. Minimum deposit
Minimum deposit is also a very common condition. In order to take advantage of a welcome bonus, most bookmakers have a minimum deposit. This number is usually small and just enough to cover the broker’s fees and some bank transfers, and shouldn’t be treated as an obstacle.
3. Betting requirements – Rollover terms
Rollover terms are fairly common for cash or credit bonuses. In order to withdraw welcome bonuses or other types of credit bonuses, lots of bookmakers choose to install a rollover condition. This conditions tells us how much you have to bet, depending on the initial sum you deposited as part of the bonus. If you deposited 100 pounds and had a “rollover three times conditions,” you must bet at least 300 pounds worth of wages in order to be able to withdraw your winnings. Please remember that more often than not, this kind of conditions also have a timing window – which we’ll talk about a little later.
4. Excluded bet types
Particularly in the case of free bets or enhanced bets, a bookmaker might choose to impose a simple selection (like an outright) or eliminate some options, like number of goals or handicap bets. This is usually made in derby games, where bookmakers want their client to pick a side, rather than try to use other selections.
5. Expiring time
As we mentioned earlier, lots of these offers have a limited time, from a few hours to a few weeks. Particularly in the case or rollover conditions, expiry times are critical when considering a bonus. A week-long expiration time sounds like a lot, but remember that most betting (especially in football and other seasonal sports) is done over the weekend. Plan around this expiry time very carefully.
To sum up, determining how good or bad a bookmaker is can be done by analyzing its bonuses from two different perspectives: bonus quality and size and the T&Cs of the bonus. No part really gives us a valid idea without the other, and it’s imperative that you do this research before making a choice you might end up regretting. Of course, at the end of the day, your winning record as a sports bettor will make or break your bankroll, but picking the right broker and bonus can help.